if they go BEYOND 11 pips (e.g. 12 pips) and then back 10 pips, you should close with that first max pip movement - 10 pips (2 pips in the example). If that's not the case, there's a bug somewhere. no, that's not what I'm saying

EA trailing stop

Does it close with a 0-1 pip profit immediately after opening? If so, it's a coding problem: at one pip you open your position, then the next tick comes and you close. Also, if your broker uses decimal pips, you want to use a 500 tp, 1000 sl and 200 ...

EA trailing stop

I seem to have forgotten the most important thing, which is: Kelly assumes there is NO serial dependence between consecutive bets, i.e., the result of the i+1-trade is not influenced by the i-th trade. This is NOT true with many trading systems!

Mr Kelly - A betting game

Yes. But in roulettes and all other casino games, expectancy is below zero, which means that, on average, you lose, so the system will ALWAYS tell you to bet zero (which is the right choice: casino managers are not stupid!) In a trading strategy, ...

Mr Kelly - A betting game

The winning probability goes from 0 to 1 by definition, so the correct calculation is: (4*0.3-(1-0.3))/4 = 12.5% of the current balance In other words, divide the probability you entered, 30, by 100. I only made the range 1-99 so that it would be ...

Mr Kelly - A betting game

Glad you liked it. "Mr. Kelly" will only bet if the expectancy (R-to-R*winProb - (1-winProb)) is positive, as the program explains to you every time Kelly wins.

Mr Kelly - A betting game

That makes sense Ronald, but compare Alpari UK data below to the one from FXDD above: Bars read: 30000 Gaps: 24710 (82.37 percent of bars) Total gap: 48256.00 pips Average bar gap: 1.608 pips Standard deviation (in pips) on average gap: 2.1752 ...

Assessing the quality of historical data

Thanks for the reply... yes, I thought about that and I'll definitely check the three (one of the pictures isn't showing up) against each other. Unfortunately there is no benchmark to compare the data to, so if they are very different there's no way ...

Assessing the quality of historical data

Have you ever written a computer program before? If not, it'll take a lot of time before you can get to the point when your expert advisor does exactly what you want it to do -- in that case, it could make sense to ask someone else to implement the ...

How is an EA created?

These are my favorites so far: Trade Your Way to Financial Freedom, Van K. Tharp Encyclopedia of Trading Strategies, Katz

Forex Books you would Recommend

That's not exactly right. It's $0.10 only if the broker uses standard (100k units) lots, and on EURUSD. At least in your first stages, you better check before each trade, since the pip value varies based on which pair you're trading and on the pair ...

0.01 pips

You can certainly program it yourself, but you'll likely won't be able to display the graphs on the broker's platform, which means you'll have to re-implement from scratch all the indicators, etc. that you want to use on that timeframe, along with a ...

10 sec. charts

... you pip pip pip pip.

You Know You've Got It Bad When:

I'm not aware of any brokers that offer such a possibility, but what you could do is just implementing it on your own through your broker's API, trading through an EA. If you want to have that feature while you trade manually, there is another ...

If Done Trailing Stop

No, when you test on MT4 you do so locally, no data is being sent by your host so there is no way someone could "spy" you. The only data sent to the broker's servers are your orders, not your indicators, so it would be extremely hard for them to ...

Is it worth Learning, Finding & Testing a Strategy?

Well, in a way, charts in general offer very little information on the market. A bar is by nature a little bit of information, which doesn't show you how much activity occurred at what price; or what kind of people were doing the trading (handful of ...

Are charts a little bit deceiving?

I believe it's 0.25 pips, charged on a separate account -- doesn't take your trading money to pay for the API. The main drawback is that, if you want a clean job (which you might wanna do, if you're risking your own money you'll need to ...

Oanda Java API