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- falcon333 replied Aug 26, 2013
Agreed, commission is too high and its a broker scam. If you have a good system that shows high accuracy within a fixed expiration time, you would be better off trading it in a fx brokerage.
- falcon333 replied Aug 20, 2013
Good point on the double spread on reversed account. I have noticed that in backtesting with the reverse feature in play. While an EA that loses -1000 on 500 trades over 2 years looks like it can be reversed to give out +1000, it in fact doesn't ...
- falcon333 replied Aug 20, 2013
I agree. A TP backed by significant statistics, such as a backtest with a large trade sample size, would be the way to overcome taking profits too early.
- falcon333 replied Aug 5, 2013
a gifted trader is one who can make 1-10% per month, month over month, for many years, keeping draw down less than 25% and recovering from the draw down in less than 3 months. That being said, I haven't seen much in the way of live, statistical ...
- falcon333 replied Aug 2, 2013
A well defined system should account for the entry AND the exit. You should be backtesting your strategy as far as possible (with excel, if manual trader) to determine the rules of your exit. Often I find that the reversal of the entry logic makes ...
- falcon333 replied Jul 31, 2013
Excellent point about playing with fire. You never know when you will have your losing streak, it can come more often than you think, and you have to prepared to withstand a worse case scenario. Trading with more than 3% risk can add up the damage ...
- falcon333 replied Jul 29, 2013
I only trade 1% risk per trade ONLY if I have a proven system with an edge that has been verified by backtesting and forward testing.
- falcon333 replied Jun 25, 2013
Guess, can you link your account to a stats program, like myfxbook, or forexfactory's own stats system?
- falcon333 replied Jun 24, 2013
A pre-planned risk:reward ratio poses a serious problem. The problem is, the 50% win scenario (at best ) should be seen as the win percentage of most systems that have a 1:1 risk/reward ratio. As soon as one moves to 1:2, the win % decreases ...
- falcon333 replied Jun 20, 2013
One doesn't need to have an affiliate link to promote Adil. A behind the scenes partnership is all that is needed. I saw that you were rather excited by his video, when I saw in it nothing at all to be excited about. Whenever I see that, I get ...
- falcon333 replied Jun 20, 2013
The intention behind starting this thread is highly suspicious to me. On June 8 Zahmed starts the question off innocently enough, why forex trading when businesses make more percentage per year than forex? he then gets allot of responses, most of it ...
- falcon333 replied Jun 18, 2013
Trading without a stoploss and hedging out of a position if trade goes against you can work a few times, if you are lucky enough to have the market not much too much. Ultimately you are hoping that the market eventually flattens out and you can ...
- falcon333 replied Jun 12, 2013
Yep, I agree with the current drift in thought, of demoing for 6 months or so before going live. Many manual trading systems and automated EAs that looked great in theory or backtesting can show up to be terrible in forward testing, and you will be ...
- falcon333 replied Jun 11, 2013
I think the majority of us don't have the time to trade. We have limited free time in the day because we have real jobs to go to, then family commitments, then rest and relaxation. EAs offer the ability to trade for you while you eat, sleep, work, ...
- falcon333 replied May 30, 2013
Did you guys catch the break through 1400 resistance on XAUUSD? it has been testing that area for a long time now but no H1 candle has closed above it. Now it finally did and I believe this technical break is significant. I think we are going to see ...
- falcon333 replied May 28, 2013
I trade about 5 instruments, 2 trades per day on each, using renko charts.
- falcon333 replied May 28, 2013
Please publish not just the graph, but the entire backtest (.html) as much as you have.
- falcon333 replied May 27, 2013
Many of you here are recommending manual over EA trading. I don't think it is a black or white, either or situation. Manual and EA trading are both fraught with difficulties, and over 95% lose. However, I have seen robust EAs stand out, backtested ...
- falcon333 replied May 24, 2013
Good example Lib3rty of a gambling pitfall in forex. To add to this, it is quite possible to open a 1K account and use a martingale EA to turn that account into 30K in 2 months. The luck here is the timing, starting the martingale at the right time ...
- falcon333 replied May 16, 2013
Interesting post. Yep, I agree that generally speaking there is an inverse relationship between Gold and USD. Stock market is full of hot air and money has been moving into USD to buy the stocks, just like the tech bubble from 1996 to 2001 (which ...