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RickM replied Oct 1, 2018Hi Tekkies My point is new traders here should trade demo for a few months to formulate a trading plan on how we are going to trade TMS. Some pairs will never work with TMS - Do you know which pairs to trade. Some market types do not work with TMS - ...
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RickM replied Sep 30, 2018Hi Iddd How do you get any benefit from trading with a live account on a small lot size straight away. Please explain. You are trading WITHOUT a plan, no idea on the strategy's profit factor, no idea about an acceptable draw back figure, no idea on ...
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RickM replied Sep 30, 2018Hi rsqu4red If you want a edge in the market, be patience. Almost nobody gets a edge under 5 years of trading Forex. Its kind a lot like a degree. The different here is its free because you can stay in Demo at no loss to your hard earned savings. ...
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RickM replied Sep 27, 2018It leads us to a pathway where position sizing can make the any low profit strategy become very profitable if we can alter the size of the trade when we see the strategy fall within the correct market type. In other words we only trade very large ...
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RickM replied Sep 27, 2018Reckless, dangerous, brave but profitable if your'e got the guts to risk large lot size trades with just a 10K account. The average profit factor is only 1.20. You would have to hope like hell you didn't start with a big draw back. If you were ...
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RickM replied Sep 27, 2018I hope I didn't look like I was supporting his badmouthing, I was however attempting to agreed with his opinion that taking a trade on a green over red TDI cross isn't a good idea. My testing results confirm to me that this to be a low profit ...
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RickM replied Sep 27, 2018Hi Tekkies I only use the TDI now day's on the M5 chart. It's used as a mechanical tool by my trade manager to open up trades on a breakout during London Open session. So when I see a breakout signal occur, I enter the EA on to the chart to open up ...
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RickM replied Sep 26, 2018Sorry Realjumper Professional traders are here, many come as invisible members. I could call out some surprising usernames but I wouldn't be popular. They come here mostly for the comedy session. However their is another reason they may visit this ...
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RickM replied Sep 26, 2018Iddd Why do you think other experienced traders REALLY left. I am interested in your answer.
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RickM replied Sep 25, 2018It doesn’t matter even if you know how the market works, only 1% could trade futures and make money with that knowledge like you do. It’s a skill that’s rare to find and almost never successfully copied.
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RickM replied Sep 24, 2018Hi Iddd Trade size is totally depended on size of account you trade, my problem is trading multiple EA’s requires a lot of equity as we have to divide it up between many accounts. This limits the size of any trade size because I can’t trade any ...
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RickM replied Sep 24, 2018I was getting a little worried you may have given up trading because your'e been too quiet for a few days. I moved from trading manually with a couple of strategy's to trading a portfolio of EA's to earn my wage. That portfolio turns over more than ...
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RickM replied Sep 24, 2018Many traders here are successful with H4 when using the TDI and I wish them good luck, I just refuse to wake up at 3am to see THAT H4 candle. I much prefer a 3-4 hour trading day in the evenings with a hot cup of coffee ( My EA's do my other trading ...
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RickM replied Sep 24, 2018That's my project at the moment to get the TDI automated correctly on a EA on the M5 time frame. Then I work on that strategy you whispered to me using MEME
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RickM replied Sep 24, 2018Did someone say M5 The best time frame to use the TDI indicator if your trading Multiple entry / Single exit if anyone ask for my opinion. Its the only time frame I use the TDI on at all. The idea is we build with every cross over a hour or too ...
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RickM replied Sep 22, 2018Having a higher draw back than 10% doesn't bother me provided the potential equity gain looks good, otherwise there is a better use for my equity. I had a couple of strategy's that pulled in over 100% equity gain a year but as the draw back was ...
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RickM replied Sep 22, 2018Looking at charts is always challenging because we sometimes we see trades setups that don't exist. We are looking at the forest between the trees hoping to predict the next candle move. What do you see it this pic. I see a large Wide ranging Tree ...
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RickM replied Sep 22, 2018Hi Tekkies Yes, I believe bar 3 or 4 is the correct entry bar because we have confirmation that the move is not false. A few pips lost is better than a stop loss being closed. I place a box around a consolidation area because it helps me monitor for ...
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RickM replied Sep 22, 2018Therefore on Monday, I will Buy if price breaks the BOX to the upside and the TDI signal looks strong. The good news is there's a bit of space above to the next Monthly line around 130 pips higher up. That will be my target.
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