Average earnings are nearly zero since forex is a zero-sum game, but in fact negative because of the spread.

Hi smilee, thanks for sharing your system: it appears very promising. I was wondering as to how exactly you use the indicator. Would I be correct to say that one only goes long if the candle is blue, and vice versa for the shorts. Or am I missing ...

With a reward-to-risk ratio of .33 he'll need 75% of his trades to be winners in order to break even (somewhat higher because of the spread). He seems to be doing fine so far.

Wow, strange synchronicity! I was having precisely the same problem as you. The solution I stumbled upon is FxBTStation. It is the backtesting module of FXSpyder's trading platform. The language it uses is a variation of Javascript, which has a ...

The primary reason for not sharing a profitable system is that once too many people start using it, the system loses its edge and stops being profitable. If you ever develop a winning system, never ever share it with anyone.

I would go with a broker with no minimum lot size. Oanda or Marketiva would be good choices.

Well, it took a $100,000,000 investment, but Oanda has finally developed a sleeker website. It was about time!

It's good to know that it can be done.

If you mean in comparison with the previous day's close, then it would just be [(Today's_Close - Yesterday's_Close)/Yesterday's_Close]*100%.

You could try [(High - Low)/Open]*100%.

Exactly. I don't understand why so many people are making such a hullabaloo over Time's request.

Excellent point, chevelle. Total pip count is absolutely meaningless if you don't know what those pips are worth.

The best indicators? Your eyes and brain.

There doesn't exist any money management scheme that'll turn a trading system with negative expectancy into one with positive expectancy.

Yup, that article sums it up pretty nicely.

Actually, I'm making it simpler than it actually is. In this case, PIP_Value = Pip_Value*Position_Size. Sorry if I've confused you.

You're right. We Americans want all the money for ouselves

Ah, yes...the legendary FarhadFX!

You're making it more complicated than it actually is. Pip value is just Risk/Stop_Size.

Your friend is right. Both scenarios have the same expected payoff per trade, so there won't be any major differences in long-term profits. But having a 90% hit rate will make drawdowns less severe.