Rick are you trading FX on Futures to utilise accurate volume?
Examples would be much appreciated.
Examples would be much appreciated.
I think Oanda FXTrade is unreliable 507 replies
List of unreliable brokers (updated once a week) 50 replies
NordFX stop hunting, unreliable with quotes 4 replies
Unreliable demo server 8 replies
DislikedI took this trade with Halis, ryuryu who was asleep at the wheel took the buy when it bounced at the bottom. Overall, Volume is in essence the fart bellowing out of a fat big trader's arse as he moves the market in a new direction. {image}Ignored
Disliked{quote} Hi Merka This was the high after New York open on Gold. I took a few longs on the way up but profited before the top as it paid enough. The money trade was to Sell when the imbalance flipped to Bid imbalance which I took with a large size trade. Trade lasted 15 seconds and provided half of my Monday trading profits - I meant isn't it obvious. Exhaustion event, strong flipping of imbalance, extreme bearish delta. Odds of winning was 98% at worst. I took this trade with Halis, ryuryu who was asleep at the wheel took the buy when it bounced...Ignored
DislikedWin rate by itself will not result in a profitable method. R:R must also be factored in. Some interesting scenarios below: Win rate 50% with 1:1 R:R per trade. Trader risks 10 pips to gain 10 pips per trade.Ignored
Disliked{quote} Bullshit. In this example you will have huge loss. Because of spread, fees, swap, slippage. RR 1:1 is NOT 50% winrate. Never. But why I'm surprised? {image} This is correct math (not your wonderland retired tired demo serious face math) With 1 lot size: Trade 1 win +10 pips - 5.5 = +4.5$ Trade 2 loss -10 pips - 5.5 = -15.5$ Net -11.5$ after 2 trades. Pretty big difference, huh?Ignored
Dislikedi take trade out of run if no signs avaible that price make the opposite?Ignored
Dislikedafter price is given signs that price tend to go another direction?Ignored
DislikedA good trader pick a strategy after his needs and build a suitable money management for it.Ignored
Disliked{quote} Because {quote} This is magic and bullshit {quote} This is magic and bullshit {quote} Who can't say how much 2 plus 2 is {quote} A good trader must know basic math first. That's why "It's unreliable". Because 99.99% are "retired demo traders" who even cannot open simple excel to check how the things works. But they for sure can post with serious face a lot of bullshit how we should trade.Ignored
Disliked{quote} Bullshit. In this example you will have huge loss. Because of spread, fees, swap, slippage. RR 1:1 is NOT 50% winrate. Never. But why I'm surprised? {image} This is correct math (not your wonderland retired tired demo serious face math) With 1 lot size: Trade 1 win +10 pips - 5.5 fee = +4.5$ Trade 2 loss -10 pips and - 5.5 fee = -15.5$ Net -11.5$ after 2 trades. Pretty big difference, huh?Ignored
Disliked{quote} We don’t need to care about long term intentions, what’s the point when you can make good profits every day and sleep while out of the market. It’s the best way to secure a wage if you need one. By the way, volume often does show us clear bottoms and tops, I can show you some if you like. CheersIgnored
Disliked{quote} Let's keep it civil. Tackle ideas you have issues with, not the people behind the ideas.Ignored
Disliked{quote} Your calculation makes only sense if you cut trade exact at 1:1. Why in the world i take trade out of run if no signs avaible that price make the opposite? Why in the world let my SL at place after price is given signs that price tend to go another direction? This discussion is realy anoying and food for all who never managed to control risk/reward. So at that point a high win rate is something they hunt for. A good trader pick a strategy after his needs and build a suitable money management for it.Ignored
Disliked{quote} Civil is at least not to provide wrong math. If these pseudo traders do not respect their interlocutors, why should we read this nonsense year after year? Are you not tired of this pseudo-scientific nonsense, magic, unrealizable expectations and beliefs? Anyway, sorry that hurt your feelings Green days for everyone! {quote} Got what? Guy said that 10 pip profit and 10 pip loss = 0 in sum, or 10 profit, or 10 loss. I said that this is bullshit. In...Ignored
Disliked{quote} Bullshit. In this example you will have huge loss. Because of spread, fees, swap, slippage. RR 1:1 is NOT 50% winrate. Never. But why I'm surprised? {image} This is correct math (not your wonderland retired tired demo serious face math) With 1 lot size: Trade 1 win +10 pips - 5.5 fee = +4.5$ Trade 2 loss -10 pips and - 5.5 fee = -15.5$ Net -11.5$ after 2 trades. Pretty big difference, huh?Ignored
Disliked{quote} This is too funny to ignore -- a 1-lot trade that wins 10 pips is worth $10 ??? Are you serious? And you're the idiot who lectures others about how to do math... Here we have the math moron attempting to teach others how to do addition and subtraction. What a joke... It's winter and I'm returning to hibernation -- but this was too juicy to pass on.Ignored
Disliked{quote} It would have been better to simply correct the error instead of attacking the person. Keep it civil.Ignored