We had a thread on this subject just a few days ago. Where did you gather your statistics that show 90% of traders losing money?

Big Sandwich System

Hope this helps.

50 +/- MACD 4hour

I'll run it and post it here. Bear in mind this is not a test of the original system. I am not trading 2 lots with 2 different profit targets. Why not? Because I don't know how to program it that way...LOL I noticed that it can be done. If I get ...

50 +/- MACD 4hour

I just finished a backtest for 5/31/2006 to 6/01/2007. I used 1 lot- 1 Stop Loss and 1Profit Target The best combination was SL= 100 pips TP= 60 pips Minimum difference between the MACDs (1st and 3rd)= .00038 Results= +3540 pips Avg. per momth = +295

50 +/- MACD 4hour

There is a thread going on this. You might want to look at it before you buy the book. url

Trading Chaos?

Well written plan. You're already way ahead by defining exactly the way you are going to do it. I'm still trying to write my code. I can't make it work yet. I don't agree with your plan on doubling up after X losses. The only time the trade size ...

50 +/- MACD 4hour

I drank a cup of tea one morning. I looked in the empty cup and noticed the leaves made patterns. The rest is history

Knowledge is Power

Is forex trading gambling? - Yes. Is forex trading immoral?- No. That's my take on it. One note- The lengthy explanations of trading or gambling filling a social function are irrelevant to the question. An action does not have to perform a social ...

Is trading Forex immoral??

Look back at posts 22 and 23. it pretty well lays it out.

50 +/- MACD 4hour

Here's where you can get Alpari's data. url

50 +/- MACD 4hour

I'm looking at a busy afternoon. If I don't get the code written today, I will tomorrow. Its a little tricky, because it just dawned on me that I'm going to have to work with 5M or 15M bars and shift the time frame to get the 4H MACD readings. I ...

50 +/- MACD 4hour

That sounds great. EOD data is daily bars.

50 +/- MACD 4hour

EOD data feed won't help you with this system. Try exporting data of a smaller time frame than 4H from MT4. Try 5M or 15M. Then display it in 4H bars. You can also pipe free 1M streaming data from MT4 into AmiBroker. You can display it in any time ...

50 +/- MACD 4hour

Try going to "preferences" on the top tool bar . Then select "intraday" and set it up for 4H. After you've done that, right click a chart and select "intraday" then select "240". Here's a screenshot of the preferences menu. Its an icon on the top ...

50 +/- MACD 4hour

I will as soon as I write it. It will be later on today. OOPS- I was thinking of Ensign when I said it had a free FXCM feed. AmiBroker doesn't have that.

50 +/- MACD 4hour

OK- Keep open the position, but do we open a new one also? AmiBroker has a free FXCM feed for live forex data. Problem is, it isn't very reliable. I don't know of another cheap source for real time forex data. You can backtest with AmBroker without ...

50 +/- MACD 4hour

Its an endless discussion because it was never decided which moral standard we're basing "immoral" on. Despite all the discussion, no one has said they thought trading is wrong.

Is trading Forex immoral??

Dean, If I'm reading this right, your 18 losses on the 45 pip PT test would have equaled 0 pips if you had set the SL to break even after making 30 pips. If that's true, you would have made 720 pips on the second lot. Am I missing something? Also- I ...

50 +/- MACD 4hour

Is it moral to run a movie theater knowing that some people will blow money on movies they should be spending on food? I don't believe we have a moral obligation to run someone else's life for them. I've been in a lot of casinos and I've never been ...

Is trading Forex immoral??

That did it. Many thanks

50 +/- MACD 4hour