image I'm trading reversals using ea, so it check several things to make the decision. Main direction from 1h tf was long, swap rates for longs are bigger. The price was lower the daily open, out of the range (lower), it was stochastic found, big ...

The brutal truth of day trading

Hi Tim! There are no real volume on spot forex. So all that forex DOM is fake. It based on tick data that can't be used. You need to have real volume and it is available only on futures. But the good is that you can take data from futures, but trade ...

The brutal truth of day trading

It is the biggest question. No matter what signals you use you will always stuck with some trades. I have spent years to figure out how to manage it. First that comes in mind is to average against. But here you must calculate the distance correct. ...

The brutal truth of day trading

TraderTim125 Joined Feb 2011

The brutal truth of day trading

You have been here for years and you still don’t understand that no one needs it. "Less experienced" members don't need your help. They are searching for another non-lagging moving average indicator and free profitable ea. The only reason to discuss ...

In One Sentence - How Do You Trade?

Who cares that you spent 10000 hours creating your algo? People need magic! Peter offer the magic! Do nothing, spend no time. And win. That's why you will never have subscribers but he will. EWhat 99% people doing here? They are searching for free ...

The brutal truth of day trading

Hi Merka! Thank you for your reply. It was: if London open + 1 hour later = same candle color = open the trade. In fact it is not changed. But I have added swap checks and main direction checks to let the entries be more accurate. I think the the ...

Simple easy LOPEN strategy (eurusd)

pm me plz

Simple easy LOPEN strategy (eurusd)

For me trading full time has several advantages: 1. No traffic jam and no time wasting to get to work. 2. You can change country, place, trade from any place you like. 3. No bosses, no meetings, no suits and ties. 4. I can create. I love to create, ...

The brutal truth of day trading

It is Madrid moving average ribbon bar (MMARB), trader name Madrid. Search on tradingview for it. Very useful indicator. BTW for MT5 there are mladen's indicator available. It is the same. It has not 20, but 50 moving averages! Also I have ported ...

Simple easy LOPEN strategy (eurusd)

Same but mt5 m1 tf 1. Multi mma 1h are red (top right corver) 2. swap direction is short (vertical lines are red) 3. MA 100 crossed down Asian low 4. Cross is under daily open You can ask why we are not taking long cross? Because main direction is ...

Simple easy LOPEN strategy (eurusd)

Sure Let's take a look as you see here 1. Global trend is down (mmar are red) 2. Price is under 200 ma (green line) 3. Candle closed lower than Asian session low.

Simple easy LOPEN strategy (eurusd)

Sorry what indicator? I have tradingview and mt5. On tradingview there are 1. Trade session by hpotter (to see where London start, where NY start etc) 2. ATR & ticker - my custom indicator, it shows pair name and spread. 3. Multi MA - by Madrid, it ...

Simple easy LOPEN strategy (eurusd)

I think there if someone fail to create good ea is not equal that eas are not working. Next thing I'm thinking about... most fail because they are creating robots that are working like human. Just let's say lazy human. But I think here is the main ...

What's Your Opinion on EAs and How to Approach Them!

So if you are using GMT+2 this way Day open +3 hours London Open NY open +2 hours Day open +3 hours -> London Open = range to check for HL Day open +3 hours -> NY open +2 hours = to draw lines London Open - > NY open +2 hours = trading time (waiting ...

Simple easy LOPEN strategy (eurusd)

Check the screenshot. First you need to wait for London open. Then step 2-3 hours from daily open and draw the 2 lines: higher price and lower price of the period 3am-10am. But lines must be not from 3am to 10am, but from 3am to 17pm. Because we ...

Simple easy LOPEN strategy (eurusd)

I'm using ICmarkers broker, so London open is 10:00am, NY open is 15:00pm. I think it is GMT+3. Anyway Day open +3 hours = start point Day open +10 hours = end point to draw the channel then +10 - +16/17 = trading time image

Simple easy LOPEN strategy (eurusd)

Great results! Seems you have no spread and no commissions! What broker are you using with such a great conditions?

Opening price US30

PeterCaleb secrets of success: 1. Learn about the world of trading = draw random lines on the chart + add some fibo to have even more magic involved. Remember that more lines more probability that price will cross some. So you can explain everything ...

The brutal truth of day trading

BTW if to wait a little EURusd can close in profit too. But as I said before it is better to me close everything in profit but not wait for miracle and pray. Today it can finish in profit, and then you can easily run into huge loss. image Upd: ...

Simple easy LOPEN strategy (eurusd)