Thanks KP, I think this makes sense. So I like to trade the D1 candles as I have a full time job so find this easier as can do my analysis in the evening etc and then enter trades after the candle has closed for the day at 10pm UK time. So in your ...

Thanks for these. So if I understand your method correctly did you (or would you) have shorted AUDCAD when the candle opened on the 17th July? The candle on the 16th clearly passes through the SMA as a sell signal on this day?

Yeah so on that GBPUSD trade you went short at under 1.31505 and the stop loss was up at 1.33645 ish? If you were to increase your position size would you not need a pretty hefty account to cope with that sort of potential drawdown?

Is it me or are your stop losses a long way from your entry?

Hi All, I'm a bit confused by what are essentially retail traders trading with other peoples money. I've been approached by a forex 'training' company who also appear to manage other peoples funds. Do they not need licenses etc to do so? They also ...