Dan, a stop loss is an exit and therefore influences the entry. The only true way to test the accuracy of an entry system is to have a timed exit. If you want a high accuracy system you only have to widen the stops and reduce the targets. System ...

New Guy and Exits

What would have to be ATR based?

New Guy and Exits

There is no trading "rule" that says you must round down. It is also highly unlikely that 1% is the appropriate amount to risk on each trade. If you lack the confidence to risk the correct amount you should be backtesting and/or demo trading.

Rounding down Position Sizing

Do you want the broker to tie the noose or will you be doing your own?

I want to find a broker provide 500 leaverage

Dan, I think you are doing some really interesting work here. I do think that your testing methodology has some flaws and I wanted to offer some advice. If you want to test the accuracy of the entry signal then you can't include a subjective exit. ...

New Guy and Exits

Very well written Jay. I wish you continued success.

What I learned this week

TradeStation

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TradeStation. With a modest monthly volume it's free.

Any Ideas on good charts, free too expensive

Noise is the "fog of randomness" that exists about price action. Most technicians define noise as anything inside of 3 ATR. To mindlessly say a particular time frame is noise would be inappropriate. Noise is always relative to the chart of interest. ...

What is noise?

Awesome post Bill. This is an excellent exercise for anyone beginning to trade. Trading is a business. No other type of small business owner would open up shop without at least considering many of the thought provoking questions you have asked here.

Achievable Goals

DRT, this ELD already exists in TS. Did you modify it in some way?

Trade the Curve

There are dozens of ways to spot an inexperienced trader. Here are three: 1. You trade flat markets 2. You announce your position publicly 3. You get it wrong. Happy Cinco de Mayo!

EUR/USD Trading Room

This applies to a lot of 1KT traders (especially the second part): Those who have knowledge don't predict. Those who predict, don't have knowledge. - Lao Tzu

Advice Only. 1 Liners Concise.

He who pick bottom get stinky finger.

Advice Only. 1 Liners Concise.

The only thing that we can say for certain about May 5th is that a lot of Mexican beer will be consumed.

EUR/USD Trading Room

You drew 29 lines on a chart and the market touched one of them. You must be proud.

EUR/USD Trading Room

EW traders don't know the correct count until after the move has finished. The best you can do now is to keep changing the letters and numbers every time the market does something that it's not supposed to do.

EUR/USD Trading Room

Typical trend trader...always a few months late to the party. : Let us know when you detect that the USD has started dropping.

"Trend" , how do you actually trace the current trend ?

In Bulkowski's Encyclopedia of Chart Patterns he rates the predictive power of diamons as "poor." His diamond examples often included many more candles and many times encompassed an entire head and shoulders pattern. Lastly, he included the entire ...

EUR/USD Trading Room

10% of your account was reserved for margin. The most you can lose is the remaning 90%.

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