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Rabid replied Mar 3, 2008Hmm, I've tried a few SaR EAs and they always perform rather poorly. Ever seen one that managed to make money over a long enough test? I wrote a quick one that uses an HMA for the initial trend, Highest ATR in the last 5 days as the SL and uses the ...
Looking for stop and reverse EA
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Rabid replied Mar 3, 2008You don't know if your broker will use your money for other things. Infact odds are, they will. Banks do the same thing, but at the end of the day they're still liable for the amount of the deposit or contract... so are brokers unless they go ...
Broker reliability + behind the scenes
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Rabid replied Mar 3, 2008The amount of money you have in your account and your risk capacity. If you're going to risk 2% of your account and have $1000 equity then that's a $20 risk per trade. Lets say you're using a 40 pip stop loss, that's .50 cents per pip of risk that ...
How to manage Part-Time trading????
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Rabid replied Mar 2, 2008Smaller lot trades are very common when you're working with small amounts of money. Your broker is doing you a favor. You don't need to find pairs that have smaller lot sizes, you need a micro account w/ your broker that gives you the ability to ...
smaller lot size/smaller volumes
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Rabid replied Feb 27, 2008There's a time limit for edits...
Positioning yourself for Success (Advanced Trading Philosophy)
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Rabid replied Feb 27, 2008FMLE (from my limited experience), fibs seem to come up more often than pivots... but the daily pivot can be insanely strong. I think it depends on the pair, check to see which is being obeyed more. If you can find confluence between the 2, areas ...
Pivots vs Fibonaccis
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Rabid replied Feb 27, 2008Here's a snippet I bumped into... int TotalOpenOrders() { int cnt = 0; int TotalOpenOrders = 0; cnt=OrdersTotal(); if(cnt==0) { return(0); } else { for(;cnt>=0;cnt--) { RefreshRates(); OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES); ...
Help with EA for Open Orders
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Rabid replied Feb 27, 2008That's the definition of a bucket shop... lol Linky: url It's common for brokers to place aggregate trades on the market, since trying to trade each tiny order would be very expensive. But if your broker isn't placing at least an aggregate trade ...
When to get out of a trade
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Rabid replied Feb 25, 2008I've found the weekly and the monthly to be useful on larger TFs, the daily seems to play a big role in intraday tho.
best time frame for pivot point
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Rabid replied Feb 25, 2008Ignore tips, they're wrong too often to count. Develop your own system. It's not the "tip" or "system" that makes trading successful, it's the psychology of the trader. Until you develop that it's going to be an uphill battle. Instead of trying to ...
I need help......
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Rabid replied Feb 23, 2008hahaha... 99.999999999999%! There's 1 guy living in a shack in Montana that's got it all figured out, that's it.
IMO the reason(s) are different for everyone, be it system or psychology or money management. But I'll take that PDF of your trades, ...Why do 99% of the people who wants to be traders fail?
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What is your trading routine?
Started Feb 21, 2008|Trading Discussion|8 replies
I believe that good routines are the key to consistency. Whether you trade full time, part ...
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Rabid replied Feb 21, 2008I absolutely agree, it might do a decent job of deflating the often irrational exuberance that comes from a forex pitchman. Very nice, thanks. [/SIZE]
Are You a Reasonable Trader?
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Rabid replied Feb 20, 2008Laff... (warning: the following is horribly off-topic) Yes but that was used as reasoning to avoid the game entirely in the mentioned article. A leap in logic is required to make that connection, and that more people haven't noticed that is... well, ...
Are You a Reasonable Trader?
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Rabid replied Feb 20, 2008Yes but for the point about "bribing governments for tips that would give them an advantage" he/she lists no sources. It's an unsubstantiated hypothesis based on the lack of insider trading laws. Obviously there's good cautionary information in the ...
Are You a Reasonable Trader?
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Rabid replied Feb 20, 2008*nod* Most wikipedia articles are written by people that have a book-level knowledge of the subject only, ie: no direct experience about the subject matter. I am glad I'm not the only one that had some negative thoughts about the article. The idea ...
Are You a Reasonable Trader?
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Rabid replied Feb 20, 2008Very good advice. There's a thread elsewhere here that says "a failed buy signal is a sell signal" ... when in reality, it's not.
Trend Fans
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Rabid replied Feb 18, 2008Really? If you had gone short in the EURUSD back in 2006 at it's low... you'd have had no chance of catching up, even today. A trending market would kill this strategy, however if you're working with a tight range I could see how it would work as ...
Scaling In System for Trending/Ranging Currencies
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Rabid replied Feb 18, 2008You need to have it run on multiple charts or multiple symbols? Because you can easily monitor other symbols or other TFs by changing some code.
Multiple Charts in MT4