Ah yes right. I forgot to add those "claim that trading is not an easy business" people to my list. "Business" ... BWAAAAHAHAHAHA Look, a "business" is a mostly predictable environment. You open a business because you have something ...

Forex = legal scam

I agree with OP. Trading is a losers game. It is pure gambling but it gives you a feeling of having some choice and control. Of course the majority of people you meet claim to make money and all, but in the end if you dig deep enough you find out ...

Forex = legal scam

Project seems dead. Nothing is going on anymore in the Slack group, except usual small talk. No responses in Skype from this guy, no login access to the "infamous" software even though I nicely asked a shit ton of times. Seriously, thanks for ...

Forex Level II (Market Depth) follow me with order book

Guess that was a mistake. EN was good at 03rd Nov, not 4th anymore.

Monthly Profit - Daily Trading using SMA

I wonder how you get access to those price feeds. LMAX, Saxo, CQG and Rithmic don't allow small retail traders (FIX) API access. You need to have an "Institutional Account" before they take you serious. So if you buy this EA, how will you be able to ...

Latency arbitrage (HFT) delay broker quotes

If you buy AUDJPY, why not GBPJPY too? image

Monthly Profit - Daily Trading using SMA

Thanks!

Monthly Profit - Daily Trading using SMA

Ok, I just saw that setup people are talking about. Why is this a loss? You didn't move SL after 1-2 days of being in profit? A new bar was being formed in 2 seconds. Depending on where it opened - most likely above SMA - this would indeed be a Long ...

Monthly Profit - Daily Trading using SMA

No, I don't think so. Rule is When previous daily candle has clearly crossed SMA line You are dealing with the "current day candle" now here. Because what do you do if that "bullish candle", which broke through SMA, breaks through SMA again some ...

Monthly Profit - Daily Trading using SMA

You shouldn't do this. The market can do whatever it likes to do whenever and however it likes it to do. So there is no "if price reverses well", because after you entered the buy trade "price reverses well" again maybe. Stick with clear entry ...

Monthly Profit - Daily Trading using SMA

Since I'm trading, Monday is my favorite and Friday the most unfavorite.

Monthly Profit - Daily Trading using SMA

No, not of the candle that has closed. But of the current candle until it is closed.

Monthly Profit - Daily Trading using SMA

Ah I see. 08/26 ... Haven't checked in here since a while. Thanks.

Monthly Profit - Daily Trading using SMA

Yes, it is 3. Why 0 now? Did I miss something?

Monthly Profit - Daily Trading using SMA

Are you sure about E/G? EURGBP? Didn't close above SMA for me. image

Monthly Profit - Daily Trading using SMA

I wouldn't take that, unless you are looking for a short term move. Chances are high it bounces off at 100.820-100.557 area.

Monthly Profit - Daily Trading using SMA

I played around with it a little bit and added the entry conditions you mentioned. But this doesn't increase overall profitability because you will also get more false entries. Also keep in mind that using the new condition, the script will ...

Monthly Profit - Daily Trading using SMA

Indeed. Need to check this.

Monthly Profit - Daily Trading using SMA

For Short entries: - Current price must be below SMA - Last bar must have been opened above and closed below SMA - 2nd and 3rd last bars must have been closed above SMA For Long entries just vice versa.

Monthly Profit - Daily Trading using SMA

An image from the USDJPY chart to see the implementation "at work": image As you can see the script doesn't take all signals, because they don't match the criterias. You can fine tune it more, but then you also increase the chance of false ...

Monthly Profit - Daily Trading using SMA