There are EAs that make money over time. All of them suffer drawdown periods, but some do make money. There are a few books on automated trading systems, you'd be surprised how simple they are... some of the best are only 3 or 4 conditions with no ...

Trading...Yeah Right...

IMO there are a billion reasons not to trade, if you start looking for reasons to not take the trade you'll find as many as you need. If you're worried about the loss you should lower your lot size, a 100 pip stop loss is typical for daily trading ...

Help with Trend

A lot is going to depend on how strong the dollar really is. There's no doubt the AU is still strong, the question will be is the dollar weak enough for the Aussie to break out or not? I don't expect the current breakout to hold once the eurusd ...

Aussie Pairs

Goes to pair volatility, GBPJPY moves more than EURJPY, so assuming equal lot sizes yes this would be true. But in order to do a real hedge you'd need to adjust your lot size to volatility. What I don't get is how this method is any less risky than ...

Zeusjoes Market-Neutral Hedge Strategy

Right... volatility would be important. In balance it'd be a long eurgbp, which isn't exactly hedging, unless he's also short that. In the case the hedge value would be the difference between the actual pair and a virtual pair. That'd end up as ...

Zeusjoes Market-Neutral Hedge Strategy

Laff, doesn't mean it isn't true. Just means that any given system may work for one person and not another.

Trading...Yeah Right...

It's not the system that makes money, it's the trader. You could give the exact same trade to 2 different people and one would make money and the other would lose money.

Trading...Yeah Right...

I just use higher highs and higher lows as an indication of an uptrend and lower lows and lower highs as an indication of a downtrend. Higher lows but lower highs is an uptrend that's hitting some kind of resistance, figure that out and see if ...

Help with Trend

What parms are you using in this? How do you balance the hedge? I'd be interested in seeing the math, only reason I've never cross-hedged like that is I can't find a setup that actually reduces my net risk.

Zeusjoes Market-Neutral Hedge Strategy

There's no such thing as a risk free trade. There are trades with very minimal risk, but even arbs often hedge for a neutral position. If you aren't comfortable taking 20 pips risk, what makes you think you'll be more comfortable taking just 1?

The 1-Pip Question!

I don't think anyone that's done that level of homework (collected all of the data) for any given pair is going to be up for sharing it, that's usually the kind of data you have to either buy or collect yourself. As for what moves each pair, well ...

Currency Profiles - a little help..

If the sanctions are still active... US or not, any firm in any UN nation won't open one.

why iraqis can't open live accounts with US brokers or register with FR

Well the 2% rate will effect overnight lending, but hasn't begun to effect mortgages or credit cards... and probably won't. Just goes to show that despite all of the bad news, the US economy is a lot stronger than it seems. There is still a lot of ...

EURUSD

Why don't you at least set a catastrophic stop outside of the daily range w/ your broker incase something unexpected happens? Brokers aren't going to move the market 200 pips to hunt a stop.

hidden stop loss

Fundamentals don't effect your average daily currency move. Sometimes when big news comes out there'll be a minor repricing, but only a few major things (trade balance, budget deficit, monetary policy [interest rates and other fed reserve stuff] and ...

Fundamentals and their effect on forex

So you say, but if you sit and read tape for a while you'll start to "feel" certain patterns that are quite tradeable.

The Sixth Sense

Both Oanda and IBFX claim no dealing desk. How much truth there is in that... I leave up to you. Just pointing out that there's 2 sides to every story. There are numerous other brokers to list. If you're new... using an ECN is not a good idea. The ...

How many pips does the broker make?

And where do you live? I think you're putting the cart before the horse... it's less about the money it costs and more about the services you plan to provide. Once you have a clear-cut business plan you'll know how much you need... until then it's ...

Creating a bank and forex broker

Alexander Elder said in some of his books "Until you've had a few years of profitable trading experience you haven't earned the right to a gut feeling." The "gut" is usually wrong, statistically. The more emotional a trader is the worse the trader ...

The Sixth Sense

The only way to avoid getting stopped out is to loosen your stop loss to a point where you won't get stopped out. Of course larger stop losses mean more risk, so you have to size down your initial position. If you're looking to position trade an ...

Overcoming short-term fluctuations with large orders