Invest in alarm clocks
- | Joined Sep 2008 | Status: Lucky Man | 2,267 Posts
forget about tomorrow, just steal away into the night
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DislikedHi Tony,
I like your strategy. Just a question: Doesn't Oanda prohibit this extra scalping?
Thanks
BrianIgnored
DislikedHi Tony,
I like your strategy. Just a question: Doesn't Oanda prohibit this extra scalping?
Thanks
BrianIgnored
DislikedHi Tony,
I like your strategy. Just a question: Doesn't Oanda prohibit this extra scalping?
Thanks
BrianIgnored
DislikedWell Brian, at the moment my average tp is 20+ pips. Sometimes I go for 100 TP. If this is scalping, it's a brand new form of big chunk scalping...Some of my trades last hours and dosens of minutes. It does happen that I lose a few pips - max. (5). And this is something that will occur as my one and only indicator is a 150WMA on oanda. If they want, they can ''re-quote'' their quote and substract 3 pips instead of 2 to my account.... or let's say 4 pips instead of 3... but in the end, I'll always set those TP targets to 20-30-40-100 pips and by...Ignored
DislikedTony, nice thread.
Btw, someone told me Oanda told him, if he has a lot of positions that don't last at least five minutes, he will be considered a scalper. Just FYI.
But I guess as long as you don't play 15 full lots for 1.5 pips profit, they don't care. Just make sure you don't win too muchIgnored
DislikedThanks so much for posting your trading system! It seems really simple, which is great. I'm excited to forward test your system. Do you have a specific exit strategy? About how many pips do you make a day with a 3/4 pip stop loss?
Thanks again! I hope to contribute to the thread as much as possible.
CoryIgnored
DislikedGreat thread you've got right here, Just testing out the method on RBS marketindex (a broker who license Oanda's platform) and it's really rekindling my love with the Oanda platform, So much better than any of this metatrader nonsense. It's definately a cracker of a trading method. I'm sure it's gonna win you the trading room of your dreams.Ignored
Dislikedthe spread is big tonight on Oanda...I hope it will return to 0.9 for euIgnored