If you read Jarret's link, it says this, but I find RSI a very useful tool if you know the proper period to use and how to interpret it. It measures/tracks/whatever price momentum and can be very helpful. andersenws

Rsi

Ok, today's trade, if I would have acted on the (uncertain) signal, would have banked +89 pips. #%$#!!! I need to review how this alters how I interpret my signals, so I will not post a position for tonight. I am in the middle of trying to code this ...

My forward test log

Wow, just woke up and found the EURUSD in the 1.2730s! Should have executed on that signal I got, but my indicators were indecisive, although for the record, let me quote myself: Hey, I missed out on a great trade, but I learned more about my ...

My forward test log

Your trade will intially be a loss due to the b r o k e r spread in the transaction. For example, a EURUSD trade is in the hole 3 pips the instant it is executed. andersenws

forex trading technique

Volume usually refers to how many lots of that currency was traded during that time period. However, people in the forum have said that in MT4, it is just the number of ticks in that time period, which is not an exact measure of volume. Volume has ...

Leverage Level

Yesterday's trade was successful for one lousy pip. It is obvious that I need some sort of trailing stop implemented, as I was +46 pips at one point today. No official position for tomorrow, my indicators are indecisive right now. My system is ...

My forward test log

For pairs where the USD is not the base currency (EURUSD), margin used equals: exchange rate * lots * lot size / leverage | For example| 1.2800 * 2 * 1000 / 200 = $12.80 For pairs where the USD is the base currency (USDJPY), margin used equals: lots ...

Leverage Level

If you are wondering what the times for news are on the West coast, you can look on the homepage of Forex Factory and just change the time zone to reflect your own. I know that there are "news times" and times news comes out, which are two different ...

time commitment

I know I'm going to need to add at least a trailing stop to this system sometime in the near future. Could anyone help me out with this? Again, I'm trading one trade per day, every day, for the length of one day. Any help is appreciated. andersenws

My forward test log

FXSol has a built in margin calculator on their platform. However, I know not everyone uses them like I do. So, you can go here and try to use this. It is a little confusing, but the number of units is your lot size * number of lots, and the margin ...

Leverage Level

Hey, we all have to find what suits us. I like the longer timeframe because I like to be able to sit back and let the trade do its work. If I traded shorter timeframes, it would drive me nuts and I would probably spend every waking moment in front ...

looking for an intraday system

I'm actually in the middle of a very interesting program at USC (Go Trojans!). It is a dual B.S./M.S. in Economics/Mathematics and Mathematical Finance. It is designed for those who want to go into quantitative analysis, but I feel it translates ...

College Major for an FX Trader?

Ok, yesterday's trade was successful for 16 pips. It should have actually been executed at 1.2859, but due to my mistake on when MT4's "days" start, I waited too long. But anyways, it was successful, and I am continuing my Sell position. SELL EURUSD ...

My forward test log

I know I should probably use the fundamentals. I understand them, I just come from a strong math background, so I am more tuned towards the technical side of things. One thing you do HAVE to do, even if you are not trading fundamentals and news, is ...

time commitment

The first thing I think you should do is step back and ask yourself why am I using these indicators? Find out what they actually indicate and then you will understand how to build a system. I use one indicator for trending, one for momentum (it's ...

looking for an intraday system

I tried and tried to find a 5 minute chart for that day. However, the best I could come up with was a 1H chart. I hope this helps, even though it's not exactly what you want. url andersenws

Historical FX Charts

I'm no expert, but in my experience, I love the longer timeframes. I also love Forex, the Factory, and charts. (Note: I HATE fundamentals and news) I have always been good at math and pattern recognition, so I find it interesting and challenging to ...

time commitment

Investopedia says: "Straddles are a good strategy to pursue if an investor believes that a stock's price will move significantly, but is unsure as to which direction. The stock price must move significantly if the investor is to make a profit. As ...

what does straddle mean?

You make some good points, but I think it just comes down to all people being self-interested. We all want to make money, and so if we have a system that does make money, why should we share it? Why should we let some other guy profit off of our ...

How come nobody likes to share?