Guys, any idea why like this? To big Spread
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- #82
- Dec 23, 2021 6:43pm Dec 23, 2021 6:43pm
- Joined Jul 2011 | Status: Gold Again | 10,592 Posts
Guys, any idea why like this? To big Spread {image}
How are the other pairs?
Compare with the brokers spread as shown
It takes a lot for me to IGNORE you, but you can try.
- #84
- Edited 8:41pm Dec 23, 2021 8:26pm | Edited 8:41pm
- Joined Dec 2018 | Status: Trader | 4,600 Posts
- #90
- Apr 5, 2022 2:55am Apr 5, 2022 2:55am
- Joined Nov 2015 | Status: Trader | 2,525 Posts
IMHO Forex hasn't changed a lot, it just has less movement than the stock market or indices. I'm now (since 2021) trading a lot SPX (sometimes DOW and Nasdaq too). The trading conditions & leverage are quite the same as in FX, but the volatility or movement vs spread is 8-16 times higher. A quick comparison: https://abload.de/img/movementcomparisonh2jto.png {image} SPX moves so much during the US sessions, like 200-1000 "pips" up and down. When there is a lot of movement, there is also a lot of opportunity.
For scalping should I trade index futures or CFD? I am presently trading scalping futures and paying less than 1 pip /tick (for 2-way trading costs) .
My scalping system is a semi-automated one and needs volatile pairs and lower trading costs.
I have yet to find a CFD broker who can match fixed $ commissions charged by futures brokers. All of them inflate spreads to earn a commission.
I have described my system in detail here:
https://www.forexfactory.com/thread/...verse-retirees
Practice makes a person perfect
- #93
- Edited 4:13am Apr 30, 2022 3:58am | Edited 4:13am
I could not resist making this post. Not because I want to say "Told you so!", because it is painful to see someone lose $10,000, but as a warning to others reading this thread who might have believed the strong opinion of @gepards.
He has been warned several times by @PaulMF and others:
Yet, he insisted Martingale and Averaging Down strategies can be safe. As Paul predicted, time did tell:
Let this be a warning to new traders to stay away from Martingale and Averaging Down strategies. Their equity curves will look very tempting, but you can be sure that eventually the roulette table will give you 40 times "Red" in a row and wipe out your account!
My EA backtested with 10 years of history. Worked excellent then and now too allready 1 year with real money. {image} Go here audited myfxbook results so far. [...] People do not understand how to use properly averaging/martingale/grid or anything "danger".
I've seen many systems that rely on this same approach. All of them, finally, blow the account. That's why I see this system as not promising. It lacks of smart trading logic and relies completely in one of the following two things:
- There is an unlimited balance in your account, or
- The market will always revert back to a previous price.
And both of them are not true. Neither a trader will have unlimited money nor the price will always revert back to a needed price.
Let this be a warning to new traders to stay away from Martingale and Averaging Down strategies. Their equity curves will look very tempting, but you can be sure that eventually the roulette table will give you 40 times "Red" in a row and wipe out your account!
I could not resist making this post. Not because I want to say "Told you so!", because it is painful to see someone lose $10,000, but as a warning to others reading this thread who might have believed the strong opinion of @gepards. {quote} He has been warned several times by @PaulMF and others: {quote} Yet, he insisted Martingale and Averaging Down strategies can be safe. As Paul predicted, time did tell: {image} Let this be a warning to new traders to stay away from Martingale and Averaging Down strategies. Their equity curves will look very tempting,...
Problem was my EA didnt worked by mistake did not closed on SL 20% of account. Shit happens. You can use martingale/averaging if using SL and because of SL it is safe approach.
You can see for example here with MSFT my another EA closed on global SL all opened positions and all is fine here:
Yes, sadly here on GBPUSD SL did not triggered by error in EA. My mistake
Anyway those 10k USD is 100 usd because it is a cent account. Not big damage for me... all other account compensate. Now blowed out 3 accounts - and I keep them in myfxbook for reference.
I am a newbie so errors and mistakes are normal learning process.
Here my approach proves that capital must be divided in minimum 10 parts/accounts for various strategies (diversification). Even I blowout that account - i risked less than 3% on that entire account of my working capital. I am still in the game