thanks for the advice. and i looked at all the pairs and found similar movements... much more correlated than i thought. when things are breaking out at the same time and looking similar, i'll try to pick one currency (or diversify)

correlation coefficient, which timeframe coefficient to use?

i made a mistake with the title. it should be: WHICH CORRELATION COEFFICIENT TO USE AND WHY (e.g. daily, hourly, weekly etc) when deciding if a trade is too correlated or not to take?? (don't want to double up on risk) i re-posted the topic in a new ...

which time frames to use

i'm new to it as well. you should do what i do - get a strategy going and then manually backtest it on past charts. it's time consuming, but you will see every kind of wave/situation you can come across and get used to it and know what is worthy ...

Trading without stop-losses

go to your library - they usually have the most up to date and popular books on forex trading. i picked up a few technical trading (forex) books from there, and those books are quoted online and in forums. library has up to date stuff, and you can ...

what is the best forex book?

i know some people who trade stocks and leave their stop loss out of the market. the beauty of this is that you don't get stopped out from market fluctuations, and often their trades continue higher. if however the candle closes past the "mental" ...

Trading without stop-losses

hi. i'm still new to forex and I would like some 'basic as' code to function as a script. i just want to attach the script to the metatrader chart so it draws on the chart for me. can someone give me the code for it. it's merely this: plot point for ...

ATR Trailing stop loss indicator

For a beginner i would recommend sticking with the 1-2% risk ,as per numerous tutorials on the web. it's also used in share trading (though i'm a beginner at that as well), and for very good reason (to stop one from loosing all their money too ...

5% risk per trade?