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Is forex education misleading or everyone is stupid?

  • #581
  • Jan 31, 2022 11:02am Jan 31, 2022 11:02am
Quoting ohitsyou
{quote} Okay -- the Fed rules -- perhaps, I don't know and I don't care. You guys complain about brokers, MT4 and MetaQuotes -- they're not the Fed!! There is a big difference between the Fed and Metaquotes. I assume you guys trade, right? But you are so angry -- or, at least ryuryu is. If you are so angry then don't trade. You guys have the luxury of choosing whether to risk your fun money trading forex. That's a luxury that billions of people on this planet don't have. If trading makes you so angry then why trade? Seems like an easy problem to...


You're wasting your time with these ones.

They're believers.
  • #582
  • Jan 31, 2022 11:06am Jan 31, 2022 11:06am
Quoting imoh4king
Hi CT, this is actually my second post on FF. I understand your skepticism on the long term profitability in the Forex market. But have u comprehensively done any research on how profitable news release can be?
And it's not skepticism. I've done my research and came back with Facts.

You're welcome
  • #583
  • Jan 31, 2022 11:11am Jan 31, 2022 11:11am
Quoting joyny
{quote} Brokers work with liquidity providers (big banks). Each broker can work with several liquidity providers. Info from metatrader web site: {quote} Here indeed brokers can share their deals to match sides - even without liquidity provider involvement. All is calculated and distributed to get all sides satisfied. {quote} not a big deal to integrate thousands of servers to exchange info in milliseconds. and still, there are differences - charts are not equal for different brokers. {quote} Huge...
Facts!!

What are the believer's replies? I muted them
  • #584
  • Jan 31, 2022 11:17am Jan 31, 2022 11:17am
Quoting pizd0s
{quote} Profitable enough if you spend some time finding a broker with decent execution and pick news that usually offer good momentum like NFP, some other US data and rate hikes from several central banks, especially BoE or Bank of Canada which are less predictable than other central banks.
Momentum? What does momentum even means? Have you gave it a though? Like does price have resistance? Like wind or what curent? Or you actually believe the Forex market have buyers and sellers fighting for profits? Like they do on the stock market?

These marketing words are so funny.
  • #585
  • Jan 31, 2022 11:22am Jan 31, 2022 11:22am
Quoting ryuryu
{quote} I heard that fairy tale many times. I think it is lie. Brokers don't have any liquidity. Liquidity are stops. They can't obtain them from another broker or market. All they take is tick data to be able to draw their charts. That's why all the chart all over the world are equal. There is no feedback. Everything works one way. If somewhere "there" somebody buy immediately it will reflect all the brokers. But if any person buy or sell on broker it will never affect no "big" market ahead no other brokers. Never. And that's why they are hiding...
Joynay gave you facts and even provide you with sources.

What do you do? Instead of going there and learn about STP or EC... You start your BIG essay with words "I THINK"

  • #586
  • Jan 31, 2022 11:39am Jan 31, 2022 11:39am
Quoting MoneyZilla
{quote} all brokers do have the right of keeping the a-book. the a-book trades go live on the market, the b-book trades are just a mt4 server play. they are like a demo trading, but with real money instead. how exactly the brokers do use the b-book and why use it in precise? i have no idea. they have the right to move clients from b to a and the other way around anytime they want. the b-book is an officially there for their service. sounds shady and in a way it is, but it is still legal and there are no penalties for using a b-book, as it is seems...

With this logic of yours, says this guy or business with the largest inventory of gold do really control the price of gold. Say he now want to sell his gold for the price he want, but price is not there, so he'll have to 'control'. How does he do it? Does he tell other big guys to play along in the market and allow his 'manupulation to workout.

Or all the big players have their time tables where they share chances to manipulate? How exactly does it work?

Or the big guy is the only one who 'control'. This might make sense if there's only person or just a handful, a Mafia like damn there's a possibility of individuals with such money
  • #587
  • Jan 31, 2022 12:01pm Jan 31, 2022 12:01pm
Quoting captalTrader
{quote} With this logic of yours, says this guy or business with the largest inventory of gold do really control the price of gold. Say he now want to sell his gold for the price he want, but price is not there, so he'll have to 'control'. How does he do it? Does he tell other big guys to play along in the market and allow his 'manupulation to workout. Or all the big players have their time tables where they share chances to manipulate? How exactly does it work? Or the big guy is the only...
imagine you want to buy cheap from me, one of the biggest gold inventory guy around? you and a couple of other enthusiast, try very hard to bring the price down. lets say you were very successful and manage to drop it from 2000 to 1800. somehow. in a magical random way. well, i can buy now cheap. from others that also see 1800... cause, if i have a huge inventory? suppose i might have the cash to buy it, as well... thank you for your efforts.

the more i buy on the market, and not selling it, the higher the demand will be, eventually. sooner or later. people will be ready to pay more for the gold, me and just few others can deliver to them, at a desirable/profitable price, for us. we might compete in between each other. someone can sell a little bit cheaper in some times, in other times, someone else will be the cheaper guy, ext. overall, there will be a fixed price range... i hope you understand that.

they are selling most of the inventories (not all) higher and then the demand drops, naturally. and they start to buy at cheaper prices and sell again at the higher prices, ext. ext. ext.

me is a small biz owner. in 2008-2014 we lost on average between $25k and $30k usd. each month. in eurusd exchange rate. we were doing nothing. just exchanging usd for eur and gbp. i can only imagine on a large scale, what insane profits some usd inventory holders generated from selling eur high and buying the usd for coins... and we were doing real 1:1 currency exchanges, required just to operate the business... this is insane.

when you see a currency to drop down in value, this means, the inventory guys are collecting it, at cheaper prices, just to sell it later at a lot higher. and they do not play for 30-50 pips, the "professional" traders here nail almost instantly. they are after 30-50 cents, at least, if you know what i mean.
Maadik Hugiis. IQ 69.
  • #588
  • Jan 31, 2022 12:13pm Jan 31, 2022 12:13pm
Quoting GEfx
{quote} Couldn't agree more, and it just keeps going and going.
So the red thingy on your handles means you're the 'Gurus'

That guy have a trading team? Like a big retail trading company? Or his calling his telegram subscribers a team?

What is it with red sticker guysem I disturbing your Guru business?
  • #589
  • Jan 31, 2022 12:24pm Jan 31, 2022 12:24pm
Quoting MoneyZilla
{quote} imagine you want to buy cheap from me, one of the biggest gold inventory guy around? you and a couple of other enthusiast, try very hard to bring the price down. lets say you were very successful and manage to drop it from 2000 to 1800. somehow. in a magical random way. well, i can buy now cheap. from others that also see 1800... cause, if i have a huge inventory? suppose i might have the cash to buy it, as well... thank you for your efforts. the more i buy on the market, and not selling it, the higher the demand will be, eventually. sooner...
Another example of supply / demand -- as old as time. And, yes, supply / demand may be manipulated -- so, what else is new. You'd do the same if you had the resources.

But you guys blame your losing trades on brokers and Metaquotes. Your example above has zero relation to the off-shore FX broker you trade with who operates out of their garage. Your broker and Metaquotes may fiddle with the software to skew your cent trading in their favor, but that is way different than believing there is an evil Swiss banker hiding in a cave in the Alps pulling levers that cause you to lose your $10 trades.

You guys are confusing two unrelated issues -- (1) why you lose trades, versus (2) global currency manipulation.
  • #590
  • Jan 31, 2022 12:26pm Jan 31, 2022 12:26pm
Quoting MoneyZilla
{quote} imagine you want to buy cheap from me, one of the biggest gold inventory guy around? you and a couple of other enthusiast, try very hard to bring the price down. lets say you were very successful and manage to drop it from 2000 to 1800. somehow. in a magical random way. well, i can buy now cheap. from others that also see 1800... cause, if i have a huge inventory? suppose i might have the cash to buy it, as well... thank you for your efforts. the more i buy on the market, and not selling it, the higher the demand will be, eventually. sooner...
Why are they not trillionares already? Sounds like the most lucrative and easiest business in the whole world.

What do you thing about the FACT that speculators accounts for less than 20% of the whole market. Do big players play both on the speculative side and on the utilitarian side? How do they influence the 80% side, the utility part of it?
  • #591
  • Jan 31, 2022 12:38pm Jan 31, 2022 12:38pm
Quoting MoneyZilla
{quote} } if (ticket > 0) { break; } err=GetLastError(); if(err==4 || err==128 || err==136 || err==137 || err==138 || err == 141 || err == 145 || err == 146) //Busy errors Sleep(2000); else break; } if (err==129 || err==132 || err==136 || err==138 || GlobalVariableGet("fakeError") > 0) speaking of mt4/5. us cent accounts are important. here is why. i have lost $50,000+ US Cents (equals to $500 US Dollars), instead of losing $50,000 US Dollars, while testing the EA on a live US Cent account. and it was a brilliant idea to use a live USC instead of...
There are a lot of asynchronous, inter-dependent moving pieces between the **virtual** button you click that is displayed on your monitor and the eventual opening / closing of a trade thousands of miles away. The moving pieces include short and long-haul networking, server machines, 3rd-party software, routers, banks, etc. And it all occurs within seconds. The errors can be caused by a zillion things you are not aware of between the chair you are sitting in and some bank on the other side of the planet. The Sleep(2000) instruction in your code is a HACK and reveals the programmer doesn't understand why his/her code sometimes doesn't work -- but inserting some random delay seems to help with a "race condition". A "race condition" has nothing to do with ethnicity -- rather, it refers to a traffic jam that occurs when multiple pieces of code are executing at the same time that occasionally result in deadlock. Welcome to the Internet...
  • #592
  • Jan 31, 2022 1:01pm Jan 31, 2022 1:01pm
Quoting ohitsyou
{quote} There are a lot of asynchronous, inter-dependent moving pieces between the **virtual** button you click that is displayed on your monitor and the eventual opening / closing of a trade thousands of miles away. The moving pieces include short and long-haul networking, server machines, 3rd-party software, routers, banks, etc. And it all occurs within seconds. The errors can be caused by a zillion things you are not aware of between the chair you are sitting in and some bank on the other side of the planet. The Sleep(2000) instruction in your...
how about invalid price error message? i have tried on average like 5-6-7 times, manually, per order ticket, to close them after the ea could not close them because of one of the errors in my list. pretty sure i have logs and there are some logs of how the 2000 solves the similar problem successfully, which means the HACK works, as in this particular error, the ea did what she was supposed to, despite of the mt4 server efforts to interupt it...

and we had issues with just one particular broker. 9 out of these 10 errors were handles exclusively thanks to this broker. which i am deeply grateful to, by the way... lets see what else the mt4 server keeps in her pockets. ready to handle it. whatever it might be...

Quoting ohitsyou
{quote} Another example of supply / demand -- as old as time. And, yes, supply / demand may be manipulated -- so, what else is new. You'd do the same if you had the resources. But you guys blame your losing trades on brokers and Metaquotes. Your example above has zero relation to the off-shore FX broker you trade with who operates out of their garage. Your broker and Metaquotes may fiddle with the software to skew your cent trading in their favor, but that is way different than believing there is an evil Swiss banker hiding in a cave in the Alps...
why are you talking to me about that? when i did complain about any broker in the past... i don't know... 3-4-5 years or more? hello?
you are deeply confused... are you sure this post of yours is for me and not anybody else?
Maadik Hugiis. IQ 69.
  • #593
  • Jan 31, 2022 1:33pm Jan 31, 2022 1:33pm
Quoting MoneyZilla
{quote} how about invalid price error message? i have tried on average like 5-6-7 times, manually, per order ticket, to close them after the ea could not close them because of one of the errors in my list. pretty sure i have logs and there are some logs of how the 2000 solves the similar problem successfully, which means the HACK works, as in this particular error, the ea did what she was supposed to, despite of the mt4 server efforts to interupt it... and we had issues with just one particular broker. 9 out of these 10 errors were handles exclusively...
Timing issues -- they occur in **all** real-time software.

Do you really think your cent account is so important to your broker? Your broker sits at his/her machine all day waiting for you to press the BUY/SELL button?

I've used over a dozen brokers (plus prop firms) trading EAs. Occasionally there are errors, but most of the time I can trace them to my bugs. Your programmer either can't or won't fix their bugs, so they've convinced you it's the broker's fault. If the errors are related to "handles", then it's the programmer's fault.

Regarding the Sleep(2000) -- has it occurred to you that might be machine-related? On a faster machine or faster network maybe you could get by with a Sleep(1000). Or maybe if the algorithm was optimized for performance a Sleep(500) would work? A Sleep(2000) works but a Sleep(1999) doesn't? That number '2000' is milliseconds. Are you going to claim a 2000 millisecond delay fixes a problem, whereas a 1999 millisecond delay still fails? Come on -- this is silly...
  • #594
  • Jan 31, 2022 1:36pm Jan 31, 2022 1:36pm
Quoting MoneyZilla
why are you talking to me about that? when i did complain about any broker in the past... i don't know... 3-4-5 years or more? hello?
Okay -- I apologize. You and ryuryu were both complaining so I grouped the two of you together. Perhaps not this time, but complainers usually travel in packs...
  • #595
  • Jan 31, 2022 1:56pm Jan 31, 2022 1:56pm
When a system or process is controlled it means it is deterministic -- i.e. predictable. So, who here claims that FX is deterministic? Probably no one.

Now -- someone will probably claim that must be someone on the planet, somewhere, who does know what the next price will be. Okay -- let's say that's the case. But so what. If the price appears random or chaotic to you then WTF difference does it make that there may be someone on the planet for whom it's not random or chaotic. You trade with the tools and skills you've acquired and currently have on hand -- not someone else's. If price appears random or chaotic then that's your reality and I would claim it's best to trade from your reality than from someone else's. There are a handful of good traders here. But they succeed not because they believe price is controlled -- rather, they succeed because of the tools and skills they've honed over the years.
  • #596
  • Jan 31, 2022 2:02pm Jan 31, 2022 2:02pm
Quoting ohitsyou
{quote} Timing issues -- they occur in **all** real-time software. Do you really think your cent account is so important to your broker?
in this particular case, where it did pull out 9 out the 10 errors, the account was not even mine. it belongs to a close friend of mine, where i trade his and my money, 50/50 split for the balance/profits. on my accounts with the very same broker, i did experienced nothing. all was good. but his account could not close trades for few months in a row. the mt4 server time outed when the ea or me (manually, introducing me to invalid price message) wanted to close a trade. and occasionally when we wanted to open a trade with the ea did time out, too. this second one problem was handled very quickly by the dev. the closure issue lasted like 3+ months. and every month, a new error was introduced, which made me very excited as my error handle list was getting bigger, aka healthier, and all this is nothing, but all good news for my ea's troubleshooting logic. i spared myself over $49,500+ USD for that error handling and do regret about nothing. this is how this game is played...

Quote
Regarding the Sleep(2000) -- has it occurred to you that might be machine-related? On a faster machine or faster network maybe you could get by with a Sleep(1000). Or maybe if the algorithm was optimized for performance a Sleep(500) would work? A Sleep(2000) works but a Sleep(1999) doesn't? That number '2000' is milliseconds. Are you going to claim a 2000 millisecond delay fixes a problem, whereas a 1999 millisecond delay still fails? Come on -- this is silly...
2000 is just 2 seconds, right? just a time value. could be any value. i was referring to the try again after 2000 ms. nothing in particular about the 2000. try again works flawlessly at the moment. eventually the mt4 server accepts the close trade(s) instructions and closes whatever is asked every 2000 ms (when necessary)...
Maadik Hugiis. IQ 69.
  • #597
  • Jan 31, 2022 2:07pm Jan 31, 2022 2:07pm
Quoting ryuryu
{quote} I'm not angry! I'm surprised! When a person with poker face tells me that the price is moving because he drew a line I'm surprised. I even sometimes check, maybe I was transferred to the 13th century, for example, and now it’s not 21. And yes I don't like metaquotes and they should remove demo trading! No demo! Only real money! We need more degen gamblers!! All these masters of rectangles and random lines on the chart are so tasty!!! But 99% of them are demoing! Not good!!!!
Just wondering whether you would be able to open up a thread, detailing how you trade?
As you have said on multiple occasions, lines and rectangles don't work although, I don't recall anyone saying price would move when they drew a line.
Perhaps they drew a line based on a mathematical calculation that you hadn't thought about.
Maybe you have been given some secret 'source'.....
Anyway looking forward to your new thread.

M.
  • #598
  • Jan 31, 2022 2:54pm Jan 31, 2022 2:54pm
Quoting MoneyZilla
2000 is just 2 seconds, right? just a time value. could be any value. i was referring to the try again after 2000 ms. nothing in particular about the 2000. try again works flawlessly at the moment. eventually the mt4 server accepts the close trade(s) instructions and closes whatever is asked every 2000 ms (when necessary)...
Correct -- 2000 milliseconds is 2 seconds. You claim there is nothing magical about '2000' -- except that it "works". You don't know what it fixes or even why it works. Yet you are willing to blame the broker's server. If there is a problem with the broker's server is it a network problem? A 3rd-party software problem? A hardware problem? An evil, greedy person problem?

This is the way things work on the Internet -- it's not perfect. MT4 is not the first program that doesn't work perfectly on the Internet. However, because your money is involved then you expect it to work flawlessly. But that is your (and ryuryu's) misplaced expectations...
  • #599
  • Jan 31, 2022 2:58pm Jan 31, 2022 2:58pm
Quoting captalTrader
{quote} So the red thingy on your handles means you're the 'Gurus' That guy have a trading team? Like a big retail trading company? Or his calling his telegram subscribers a team? What is it with red sticker guysem I disturbing your Guru business?
The red badge means you post too much over a certain period and you therefore attract more likes than most other members.
I have no commercial interests, stop assuming red badge members always have an agenda.
Trading thin liquidity at the boundary of the charts
  • #600
  • Jan 31, 2022 8:00pm Jan 31, 2022 8:00pm
Quoting MoneyZilla
{quote} in this particular case, where it did pull out 9 out the 10 errors, the account was not even mine. it belongs to a close friend of mine, where i trade his and my money, 50/50 split for the balance/profits. on my accounts with the very same broker, i did experienced nothing. all was good. but his account could not close trades for few months in a row. the mt4 server time outed when the ea or me (manually, introducing me to invalid price message) wanted to close a trade. and occasionally when we wanted to open a trade with the ea did time...

Hi Moneyzilla,

Is the error you having a Requote error message? On EA it may be a few error codes related to ask/bid price.

The issue is not too much related to sleep() or the speed of machine you use, more on the connection speed and delay between your machine and broker’s. It can be the 100ms delay causing the error, as broker has updated the price but your machine is still sending orders based on old price.

VPS may help
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