It really does depend how you use them. I'll give you an example. A simple SMA cross doesn't tell us much in itself, we have to understand what is happening to make the cross. If the price moves enough for the SMA to cross quickly, and the price is ...

Do Indicators Help or Hinder?

I see no drawbacks to a Forex diary, it's something I recommend regularly as a way of keeping yourself with the system and making sure you don't get slack.

Keep a Forex Diary

The dodgy brokers simply hedge your position if you are a losing trader. All this crap about market makers, brokers, and all hunting your stop loss is just not true. The fund managers that are trading hundreds of millions overnight couldn't give a ...

Do you believe brokers hunt your stoploss

that's going to be pinging every candle depending on what setting you have for historical data. Some systems have smart trends lines and resistance, maybe that would be more fit.

EA for same open/close candle and same high/low wick

There are lots of ways they earn against you. They earn spread They hedge against bad traders They keep your money as long as they can and try to prevent you from taking it out. They charge commission They use things like social traders to increase ...

Do you believe brokers hunt your stoploss

It's pretty bad lol

Statistical proof of the 90% rule

It's posts on subjects like this that make you want to tell people to not come to this website.

Buy and sell at the same time/Hedging

Some people do, I've seen people do quite well. Eventually they pretty much universally take a massive hit to their account, unless they are trading with tiny leverage.

does anyone else not close losing trades?

Please don't trade for swap unless you are happy on a 1% annual return...don't ....do....it.

earn from swap

If you are just sitting at home playing on demo, no. If you are dealing with other people's money, or having your performance measured, it's definitely stressful for a long time. Eventually you will become more sure that if you take a break and come ...

Is Forex stressful?

You'll end up losing money doing that trade, the difference isn't enough and you have to pay spread and pray you are right 100% of the time. Swap isn't really worth it at all IMO at the moment, you need massive trade for it to do anything. If you ...

earn from swap

I put 5...but basically it's 5-7 for me at a max, generally 2.

How much drawdown can you tolerate?

the volume indicator shows how much trading is going on at that time, the volume of it. if you just right click on your chart you can see volumes, or hit ctrl L. There is a whole set of indicators on volume also.

Indicator related to volume

Hi Darren, No, I use a mostly technical, but generally, I have a direction based on a few things such as current sentiment and my opinion of the economy and try to be aware of news events. I think I stopped having a "system" a while back, except for ...

Expert Advisors

The most important management deals with your stop loss in relation to your risk. Knowing your risk on each trade. After that, I always split my trade into 2 and take profit on one as soon as I think there's any type of reversal, and then I leave ...

Money Management

I'm fine with the parameters, and I'm fine with being late. Anyway, I'm very happy with my system, I work in trading and my trades are very successful - I would just like to know about the EA and whether anyone knows where I can get it.

Expert Advisors

My advice is: Remember there is never a gun to your head when trading, you need to be able to wait for the right trade.

Putting a Gun to your Head - 1 Piece of Trading Advice

It's not the same thing, they don't mirror each other with the settings I use. 12/26/9 on the MAC, btw.

Expert Advisors

My risk reward on 2% is anything from x1 to x5 so far. Again, it's all money management. The reason people who trade systems get such different results, is that you need a lot of knowledge to have the edge...of when to get in, when to get out, and ...

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