One can trade with momentum indicator only. One can trade with price action only. The idea of this indicator is just to prevent to enter too quickly in the market.

Yet Another very simple Fib Strategy

So you multiplied your account by 2347 ? Yeah sure...

Is it possible to make 2% in month with 50k

correlation... But i can't see the point as there are correlation indicators to do this.

Two Currency In One Chart Window

Hell no What i mean is that you can do the same thing with an easier setup (ok there is only 40+ pips here and not 55 but you get the idea )

bringin sexy back - stochastics

Pretty instructional, thanks for the effort

Is This My Holy Grail EA :D

It's better to simply NOT trade on a day like this Hint : remove some indicators, you can't even see the price on such chart (why do you keep the price by the way ? )

bringin sexy back - stochastics

Even if the setup looks good to me, i would no trade it because the market is allmost closed today (no NY, no London)

bringin sexy back - stochastics

This was not a good setup. The price retraced even higher than the previous swing high cancelling the down move. If the price retrace more than 50% you sould just forget about the trade. The probabilities are just too weak for the signal to be ...

bringin sexy back - stochastics

Sorry i was not looking this thread. I would have say you have done nothing wrong, stay in the trade.

bringin sexy back - stochastics

maybe something went wrong as predicted... Using so much leverage on an account can only lead to failure if you dont have a 100% safe proof strategy (this is called the holy grail and as such do not exists)

5k into 28k in 17 days -- testing a new strategy

This one was a good trade. The last one you are pointing could have some potential so but the retracement is pretty high allready. Also it would be the 3rd leg so personnaly i would wait for another setup.

bringin sexy back - stochastics

maybe you could point out on the graphic where you see it...

bringin sexy back - stochastics

I dont see any short trade on the chart :?

bringin sexy back - stochastics

Still doubts, what was you profit/risk expectation for this specific trade ? At what level of loss did you planned to close the trade ? I now have a maximum of risk/trade of 1% and i started with 5%. I reduced this %age as my account growth and i ...

5k into 28k in 17 days -- testing a new strategy

My broker dont do this and probably most broker dont do this and in fact i've never heard of any broker doing this... Also all your trade are profitable but you can't know for sure as you have never suffered a margin call like you said and you dont ...

5k into 28k in 17 days -- testing a new strategy

Then i suggest you use a real broker that do not close your orders at 00:00. I think you will have a big surprise !

5k into 28k in 17 days -- testing a new strategy

There is a big reason why i would not have taken this trade. The consolidation took far too long comparing to the duration on the last move.

bringin sexy back - stochastics

Are we reading the same statement ? I see several trade open and closed the same day so how come a swap could cause this ? 591615 2008.05.16 17:05 sell 5.00 eurusd 1.5501 0.0000 1.5494 2008.05.16 23:59 1.5595 0.00 0.00 0.00 -4 700.00 And there is ...

5k into 28k in 17 days -- testing a new strategy

Average profit trade: 492.60 loss trade: -902.00 that is the only figures i need to know to see that your "strategy" will fail...

5k into 28k in 17 days -- testing a new strategy