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- nox120 replied Sep 16, 2016
Massive rally into the US close I think.. But we'll see
- nox120 replied Sep 15, 2016
If it goes below 10300 it'll turn in the 10210-10260 area where demand is. My point is that your risk on the trade is larger than your potential trade so your strike rate on being right needs to be 100% or you will eventually go bust. If you want ...
- nox120 replied Sep 15, 2016
So risking 49 pips to make 39? That way ruin lies!
- nox120 replied Sep 15, 2016
Where is your stop and TP?
- nox120 replied Sep 15, 2016
Good spot! Haven't finished my coffee yet. Hit 10300 in overnight futures.
- nox120 replied Sep 15, 2016
Still the futures market. Tends to rally at 7am then dump to the 8am open.
- nox120 replied Sep 15, 2016
Cash market doesn't open until 8am GMT+1
- nox120 replied Sep 15, 2016
DAX is going to gap down to open about 10440-445. Be interesting with the positions Bag has held overnight to the long side.
- nox120 replied Aug 4, 2016
Yeah: 1. Don't take gambles 2. Trade demo until you're comfortable 3. Manage your risk. 50 pip stops and big leverage will wipe you out in seconds You'll lose money faster than you make it so you need to watch the losses. Oh, and don't trade with ...
- nox120 replied Mar 11, 2016
Hardly ;-) But thanks! I'm working on a version five this weekend.
- nox120 replied Mar 11, 2016
Forgot to stop the EA there when making a change.. Very quickly closed a load of trades at the spread loss!
- nox120 replied Mar 11, 2016
Added another revision to include a lot sizing calculation. This sizes the lot to a risk of 5% account equity based on the stop position and available balance then checks to make sure it isn't smaller than the minimum lot size and is correct to the ...
- nox120 replied Mar 11, 2016
Yes - I'm aware of the larger spread on MT4 but you can't code the web interface. Current spread on MT4 is 2 pips for CFDs with MT4. Don't have my SB account open so don't know what spread is like on MT4.
- nox120 replied Mar 11, 2016
That's because there isn't a strategy really, using this to sharpen up my MT4 coding skills and also take a pure focus on risk management before looking at any strategies for entry / exit. Not denying you need a good strategy for finding trades ...
- nox120 replied Mar 11, 2016
So the first experiment failed - Running overnight with the wider spread and the forced large stop (I assumed the orders would be rejected) wiped the account out. New demo account, $10k again, and running with a trading hours filter to only trade ...
- nox120 replied Dec 2, 2015
To paraphrase the newbie.. But I want to make a million this afternoon! Loads of great advice on this thread, I might post something a bit later today as I've made a ton of mistakes and lost a boat load of money in the process (from the sound of it ...
- nox120 replied Aug 25, 2015
Binary Options are a great way to lose money fast, I can see how some people do make money on them but the "brokers" just want volume as they take a near zero risk profit if they have balanced puts and calls. Expiry timers were also my downfall, ...
- nox120 replied Aug 20, 2015
I'm short from 1.1172 - Got caught out yesterday being short on the rally and having too much exposure. Made most of it back with my oil short though so swings and roundabouts!
- nox120 replied Aug 10, 2015
Over what time frame? What entry? Or just grab a random long now with no stop / limit and hope for the best?
- nox120 replied Aug 10, 2015
I've opened a short at 10,964.3 with stop at 10,989.2 and T/P at 10,862 (just above some fairly major support 10,850). Looking at the four charts we're at the top of the bollinger band, narrowing MACD and plenty of downwards price pressure each time ...