free ticket to write and claim anything..

The brutal truth of day trading

Not all brokers. Scammers yes - they need 2 traders, their "consultants" for trader A tell "SELL" for trader B the same time the same symbol tell "BUY". With "all in". One of the traders loses all, but another wins huge. Then for that "winner" their ...

The brutal truth of day trading

Dont see here in FF 95% heiters. Maybe 10% like Peter trolls etc.. to see max drawdown, lots size, averaging levels count, trading start/end times, trading history length.

The brutal truth of day trading

Then why not show some nice account? Why not expose in details how to enter how to exit trades in public thread? Would get much more positive feedback than from private groups...

The brutal truth of day trading

RickM talking about exact money he operates. 100k, 10k, 50k... "accounts" and "profits"... RickM mentions "trading group" a lot in his posts... RickM talking a lot about his "edge" regarding volumes... liquidity... That might trigger questions to ...

The brutal truth of day trading

He said "not trading for living"... It means he trade but not "for living".

The brutal truth of day trading

Good. You just discovered a stable and profitable strategy "Go opposite of pattern signal". I was thinking about this. Actually after joined this thread and read so many frustrations. Then made some EA... The idea is simple - do the opposite as all ...

The brutal truth of day trading

80% traders lose. Ok. Chose 10 unexpierenced traders. Split capital to 10 parts. Copy their trades but in oposite direction. If trader open SELL - open BUY. Proportional deal volumes. Exit when trader close deal. This approach should give positive ...

Expert Advisors optimization & backtesting

All "edges" people try to trade are statistical and therefore results fluctuate. Nothing works "stable" in longterm. And still you can earn money out of all this stable "unstability" by using quantitative data proccessing & making portfolious of n ...

The brutal truth of day trading

When people are uncertain what they do then they argue when others tell "you do wrong" or "I do different". Traders here are uncertain of their outcome. Therefore arguing.

The brutal truth of day trading

Good source. Agree on that. Fluctuations all around no matter what to use for entry/exit.

The brutal truth of day trading

Even if such "master" algo exists... it can be beated with other algos then. If a man something built then another man can destroy that.

The brutal truth of day trading

From wikijob: An expert advisor (EA) is a piece of software that takes care of analysis and uses internal algorithms and technical indicators to notify you when a trade should be taking place – finding the best entry points for high-probability ...

The brutal truth of day trading

And here we come to real ugly truth about day trading.. If day traders would implement their trading strategy in an EA and backtest some 10 years past... Most of who trade 1M or 5M or even 1H charts would see they wipe out entire accounts. Without ...

The brutal truth of day trading

Averaging is just a tool. If have SL for all opened levels total drawdown then it is safe approach. Problem is when all levels must be closed. You still have money on account and you can afford to open 3 more levels but you have to close all and ...

The brutal truth of day trading

image I see averaging used. Is there some SL or limited averaging levels count?

The brutal truth of day trading

Allways wonder how "red news" are processed... How many people involved and how much time before "official announcement" drafts of announcements exists and who have access... For example in stocks... Before company anounces earnings report... And ...

Is it possible to reinvent the wheel?

image This trader's account balance is 300 usd and the account operates with 2.8 mil $ >10900 investor's money. The average monthly profit is 20-30%. Using the averaging - dangerous method. But somehow Asia trading session seems "safe" (was once ...

The brutal truth of day trading

Thinking about this occasionally. Making some EAs to hunt for extremely rare but highly profitable entries.. Would be good to make from 100 $ to 400 000 $ with 12 great trades in a row. 100 200 400 800 1600 3200 6400 12800 25600 51200 102400 204800 ...

Pyramiding EA

No association with Peter. Just noticed that FF can be full of fake profiles managed by scammers. Those identified by FF were not very smart... they didn't used proxies to diversify IP addresses. But there exist smarter scammers for sure... Forex ...

The brutal truth of day trading