I suppose acting on calculations done by a bot does remove emotion from the equation which must work to the advantage of some types of personalities.

Are Risk/Reward ratios simply nonsense?

I appreciate this is an old thread, but especially as it was started a long time go there may have been developments in more recent years. Is there a good way to get prices of currencies in relation to baskets of other currencies? Preferably live.

US Dollar Index + AUD, CAD, CHF, EUR, GBP, NZD, JPY Dollar Index Indicators

Yes, I found that a few days ago and your tip on crosshairs was particularly useful. Extracts from the rest of that post and the shortcuts you listed are printed out and currently decorate my wall. You can take it that they were helpful. Thanks ...

How do I see volume?

Excellent food for thought. Thanks Hanover and triphop for your wise replies. I agree with both of you in your analysis of the hedge needing to cover the full martingale progression. If I didn't cover the full value from the start and instead I ...

Risk mitigation that might make Martingale viable?

Nate04, I recommend you read the Phantom of the Pits pdf. It's a long read but you'll develop a better appreciation of planning trade sizes and building into positions.

Taking more than one position

Hanover, my old friend, thanks for joining the thread. OK, you're not an old friend, but I've read sooo many of your posts, particularly on martingale, that I feel I know you well. Pardon the familiarity. Perhaps I'm naive but to me the fact that ...

Risk mitigation that might make Martingale viable?

Thanks for your reply, but your post doesn't answer the latest question. As with all your other recent posts, it seems to exist simply to give your signature link some publicity. In this section of the forum alone you've made five replies in seven ...

How do I see volume?

Can I ask where the MT4's volume figure comes from? Is it an aggregation of positions taken by MT4 users across multiple brokers or ... is it something else? Are there are other volume indicators (particularly ones that show volumes from the big ...

How do I see volume?

I'm hoping some other experts chip in on some unanswered or still only partially answered questions. 1. Is there a way to build major fundamental events into the backtesting to exclude those occasions where major events caused prices to move ...

Jay helping out newbies

It would certainly be a prudent way to proceed. However, an even better way, it seems to me, would be to convince oneself first on a backtest prior to implementing on a demo account. Thanks for reminding me of R2R's post - and, incidentally, I found ...

Jay helping out newbies

Thank you. I liked the Max Keiser one the best. I love his style. I have a question on backtesting while I wait to see if anyone has any news sites to add to your suggestions or, in fact, if anyone can make a suggestion for a calculator (I did ...

Jay helping out newbies

What are the best free websites for news + commentary (with decent analysis)? Too many of them seem to offer just a drab analysis of the charts and point out support / resistance / fib level - I can already see all that in my charts and don't need a ...

Jay helping out newbies

Jay, I feel the need for a good calculator. Given a currency pair, spread, position size etc., it should be able to provide, at a glance, the real volume of currency at stake, the negative balance with which the position would open (i.e. spread x ...

Jay helping out newbies

Why not? And what's the alternative? Do brokers offer their own bespoke platforms and is that preferable for the trading side of things?

Jay helping out newbies

You've been most helpful. Moving on.... What's your charting software recommendation for newbies - MT4/MT5/NT/MC/something else?

Jay helping out newbies

I'm quite familiar with various offshore structures from trusts to shells, but I don't quite get what you're driving at - the obvious disconnect is that you work for yourself and yet make $0. Maybe you're suggesting you've arranged an offshore ...

Jay helping out newbies

Are you serious? I take it you're investing on behalf of someone else, perhaps it's your employers. So when do you plan to start working for yourself?

Jay helping out newbies

Very cynical, but let's for a moment accept that your view is correct - that the best way of making money is getting people to spend on backtesting software. If that's correct then you're better off developing some software to cater for this market. ...

Existing Backtested Forex Systems