I use Saxo for that kind of style. But yes, I trade at Oanda as well.

EURUSD

Just a small attachment...

EURUSD

I don't use stops anymore. There is no need for it if you trade small enough. I just hedge here and there if it becomes necessary. Using low leverage you have time to think about it... I will add to that long if it goes deeper (and I don't mean ...

EURUSD

I did, but I took a profit from a long position at 1.4110 (to 1.4430 - I was amazed to sell at the top ) before. Now I'm long at 1.4330 with low leverage (0.5:1) to hold this position for a looong time.

EURUSD

Forget about scalping and lower time frames. Forget about tight stops. Forget about this risk/reward calculation crap. You need a paradigm shift. Drop me a PM or mail. No fear, I don't sell anything.

A system that works? Please!

Good luck damonl!

From 10k to 1 million...

HA! Thanks. Same amount, same period?

From 10k to 1 million...

If you avoid news time (spreads up to 25 pips in the cable) you are welcome there for scalping. I always got instant fills and no or low slippage. Stops and TPs were filled exactly in the most times. No requotes there.

Is Oanda OK for scalpers?

Danke matsf! Will do my best.

From 10k to 1 million...

No, you have to trade 100 standard lot first.

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I've stopped using that method due to the violent volatility. Actually I took 2 losses (no margin calls) and I'm still on the plus side but stopped using it. I think about to continue it if markets continue to calm down.

From 10k to 1 million...

Thanks guys! Will see how it works. The tax will be a real problem though. ~28% of my earnings per year...

From 10k to 1 million...

susufx, thanks! But when I've learned one thing in the last few years then that it is not that probable to make 1000% per year.

From 10k to 1 million...

I use a limited martingale sequence which stops at a loss of 3.75% and kicks in with a probability of 6.25% if I have a success rate of 50% (actually this success rate is higher). I did some tests and using this limited martingale sequence has some ...

From 10k to 1 million...

How do you determine volume in the Forex market? Short term the market is random - just imagine a simple currency hedge from a big company which want to hedge their risk. They don't care about the current price... Long term (fundamentally) it's ...

Is the market random or not ?

Alpari UK ABN Amro MarketIndex Oanda Saxo Bank Don't know about others as I only have live accounts with the ones above.

Broker Fairness?

I'll trade EUR/USD, GBP/USD, GBP/JPY, USD/CHF and USD/JPY. The position size is variable, the initial risk if 0.25% per trade. I use a limited(!) martingale strategy where I double up 3 times and end up with a overall risk of 3.75% per sequence. ...

From 10k to 1 million...

Thanks! BTW Kiwi06, I would use compounding, so about 5% per month should do it.

From 10k to 1 million...

Thanks guys! That's one of my goals, yes. A complete transactions log without gaps to show the way up (or down). I've tested this approach both with back and forward testing and it looks reliable and resistant against market conditions changes as ...

From 10k to 1 million...