You can't control the "alpha" but you can get a similar effect by choosing a dimmer color, setting it to a background line and using a different line style.

Trading Session Highlight Visual Effect Possible ?

Oh man, don't put your faith in an EA. Mechanical systems are tricky devils, they go from really profitable one moment to unimaginable, horrible drawdown the next. The power of an EA isn't how much it makes when it's good, it's how much it doesn't ...

Is forex the best investment?

ROTFLOL!!! Ya, I know the term. I'm just saying that sometimes it's possible to become such a pessimist that even the question itself looks bad. It's real easy, especially when new (at anything) to get discouraged by the jaded and the burnt-out. But ...

Is forex the best investment?

Of course you think thru them, that's the whole part of having a money management strategy. But it takes discipline and a strong psychology to follow that strategy despite the emotional drive to do the exact opposite. When a person takes a loss they ...

Trading Psychology is BS

Haha Glass? heh, glasses are rip-offs. It's all a scam on the part of the glass makers to turn a buck at our expense. After all, glasses are a negative sum game due to evaporation!

Is forex the best investment?

In spot forex, hedging between 2 pairs... this is almost certainly true. But you could hedge a spot position with a futures position if the transaction costs are favorable. Or you could use a correlation between commodities and commodity currencies ...

How does exactly hedging work?

I would be equating discipline and psychology too I suppose. Not so much "oh am I in the mood to trade?" as much as "I just took a $5000 loss but I'm still under my daily draw down limit and should take that breakout" or "I'm past my weekly drawdown ...

Trading Psychology is BS

Laff. Of course if every time you take a loss you take it personal you won't be so willing to take the next trade... even if the odds are in your favor. And of course if you're excited about your next trade it's easy to forget about money management ...

Trading Psychology is BS

It's not "having money" that makes wealth, it's putting money to work that creates wealth. You think banks just store lots of money in vaults? No they invest it for a return. Capitalism isn't about having money or adding value, it's about putting ...

Does forex trading add value to society?

Well the web link the thread starter posted is just about pairing weakness and strength to get the best chance for a trend. Old strategy, used by a lot of pit traders... so it's certainly valid. But with charts you don't really need to do all that ...

Relative Strength

EAs are designed to initiate trades. If all you need is a running (off and on) tally of information that traces back multiple bars then you need an indicator. First time or last time? Because first time could've been 10 years ago depending on the ...

Simple Script

Where'd you get that list, KGB?

AUDJPY & NZDJPY, The new CarryTrade Stars !!!

It's easier to just wait for the price bar itself to cross a moving average. Try the 200 or the 365.

Why trade at the cross? Wait for the confirmation

If the market was completely random then the next tick has a 50/50 chance of being up or down. Deviation would be the only explanation for trends and no trend would have a higher or lower chance of starting or ending at any point. There would be no ...

Is the market random or not ?

The random walk theory was disproven a long time ago. It may be chaotic and random in many places, but there's a non-random human element that behaves very predictably.

Is the market random or not ?

Script or indicator? Sounds like you just want to know if the current bar is above a moving average or not...

Simple Script

Easiest way is to have your EA use Symbol() instead of a specific currency pair. Then all you have to do is bring up a chart, attach the EA and voila.

more than one currency at once?

I think it is a very good idea. You've probably read the turtle trader PDF file that's out there. In it they have a strategy that's similar... "The Turtles were instructed to decrease the size of the notional account by 20% each time we went down ...

Internal Risk Control

If a "star trader" can't handle the downside of their decisions then they aren't really a star trader.

Managing Star Traders (the top 1%)

Daily SL change would probably be best to run from the EA. And yes you can set an EA to manual so that it makes trading recommendations and requires you to confirm.

Script needed for developing trading system