I have heard most brokers who do not charge interest are usually "bucket shops" or tiny brokers in Africa, India, etc and you risk putting your $ in them. There are legit ones but if you don't make enough trades you'll probably have your account ...

Would this work?

The more volatile pairs with bigger ranges (GBP and CHF) seem to do the best with the 150 or 300 S/L and the wins are consistently more than 10 to 1 on all the timeframes I've tried. Just my observation on backtesting v1.1 so far.

Phoenix is here!

small correction — Actually GBP turns out well also with 77W/4L from 1/1/06 - 7/13/06 turning 10k into 15.85k but EURO and JPY don't do much of anything. So it looks like GBP and CHF with the settings I have listed above work well.

Phoenix is here!

thanks — Thanks azbofin for the explanation. Is anyone else using the Alpari MT historical data at this link to get better backtest results ? http://www.alpari-idc.com/en/dc/databank.php I have downloaded/installed it and get more reliable ...

Phoenix is here!

Mine has this iTE=iBullsPower(NULL,0,13,6,0)+iBearsPower(NULL,0,13,6,0); How come yours is different , using a 20 ? Did you manually change it or did some other value change that value ? Also, what value does the 13 and the 6 refer to. thx

Phoenix is here!

Indicator values — Great thread! Learned alot from reading Firebird and Phoenix threads all the way thru today. I have a quick question which has probably been answered but I could not pinpoint it looking back. On the settings for the ...

Phoenix is here!

Ok, I got you. So if the trend is up and the price is falling, wait for it to bottom out and start back up and then get in on the action. I just love learning about other's trading ideas. There's virtually no end to the way markets can be played ! ...

sonny winter's journal

I hope this isn't a dumb question but what do you mean by "enter your trade at the bounce". Are you referring to the MACD changing from pos to neg on a certain timeframe ? thx

sonny winter's journal

Thanks guys I have that T3 Cross and was hoping for the Slope but the cross may be better after all. I'll look into it further.

T3 Slope Indicator

ACM offers OCO and if/then but I think they only allow minimum 100k lots, not even 10k lots. They have the smallest spreads also that I've seen. But of course they don't meet all your requirements.

good fx broker?

Here's the thread on fxcm you were mentioning. http://www.forexfactory.com/forexforum/showthread.php?t=5919

trading during NFP

I'm sure you are right that the EURO will meander and probably reverse soon but I'm trying my hardest to stick to my system and hold until it tells me otherwise. Its an auto-trade system so it will do as it needs without me telling it too

sonny winter's journal

Sorry MrMikal, no offense intended. I tend to not pay attention to the quotes like I should. I'm glad I'm not the only one long on the EURO ....for now

sonny winter's journal

Good luck Twoblink. I'd like to say I could be one of the 5 but I don't think I qualify due to a full time job and lack of programming skills. I can however volunteer myself as an alternate in case of injuries like a torn rotator cuff, sprained ...

I'm recruiting: $5000 -> $5,000,000 3 years

That stop was obliterated. My "systems" showed EUR up on 1H and Daily and until I see otherwise i'm long. Not sure why you thought short but i'm sure you had your reasons. I may turn out to be wrong also

sonny winter's journal

Good comments from all. I think most people who start down the path of knowledge of forex have the passion to succeed at it but like the other posters have said its about having a plan and sticking to it. Use your stop loss , take profit, trailing ...

Who has become rich trading forex?

Hi Twoblink, Nice to see you back after the last thread problem. This is a VERY promising discovery ! I must say it looks really nice against the GBP daily chart. Any thoughts on absolute stop loss, trailing stop, Take profit levels (if any) for the ...

HAT Trading method

Plano here.....would love to hear more about this.

DFW, Texas trading group

twoblink, Yes, I can see your point for keeping it pip for pip. I may try to round it though for my test and see what happens. I haven't decided yet. I need to sleep on it.

Open/Close Crossover Method

Twoblink, I was thinking today about which pairs to practice on and wondered if you are going to change your pip figures for those pairs where a pip equals less than a dollar. For instance the stop loss pips for USD/JPY might be 24 [($63/$.88 per ...

Open/Close Crossover Method