Massive rally into the US close I think.. But we'll see

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 ...

So risking 49 pips to make 39? That way ruin lies!

Where is your stop and TP?

Good spot! Haven't finished my coffee yet. Hit 10300 in overnight futures.

Still the futures market. Tends to rally at 7am then dump to the 8am open.

Cash market doesn't open until 8am GMT+1

DAX is going to gap down to open about 10440-445. Be interesting with the positions Bag has held overnight to the long side.

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 ...

Hardly ;-) But thanks! I'm working on a version five this weekend.

Forgot to stop the EA there when making a change.. Very quickly closed a load of trades at the spread loss!

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 ...

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.

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 ...

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 ...

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 ...

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, ...