The formula I'm using : Initial loss = spread * leverage / (amount of pips to lose to lose the position). It's the "hidden" commission charged by the broker. It's more important when the spread and leverage are high. By the way, a 50,000 lot trade ...

Which MM or ECN brokers can beat Oanda Spread?

Congrats for your trades, you show potential Spelling out your strategy will make it easier for you. You don't have to make it public but creating a rulebook and "updating" it just like a computer program will help you build up your ...

College student learning to run with the Big Boys

It looks like my initial message wasn't clear. The loss I was talking about is relative to the position, not the account size. Ie, one trade. 1 EURUSD lot traded with Oanda = 0.5 % initial loss that you have to win back on the trade. 1 EURUSD lot ...

Which MM or ECN brokers can beat Oanda Spread?

What's more, a 0.9 pip spread with a 1:50 leverage gives you a 0.5% loss on any initial position. A 2 pip spread with a 1:200 leverage gives you an automatic 4% loss on any initial position... No matter how you put it, Oanda looks to be the best for ...

Which MM or ECN brokers can beat Oanda Spread?

Yep I'm sticking with Oanda and I only trade Eur/Usd and Eur/Jpy. I made some incursions into the Gbp/Usd and other minor pairs but they weren't as successful as the 2 main pairs.

Which MM or ECN brokers can beat Oanda Spread?

Haha Oanda and their autotrading feats are great. I have yet to see a solid broker with lower spreads. 0.5 pip brokers charge lots of commission.

Which MM or ECN brokers can beat Oanda Spread?

OakMonster, the important word was limit order.

Which MM or ECN brokers can beat Oanda Spread?

Thanks MoneyMaker

The best way to trade is one trade a day

Of course, but do you know another broker with EURUSD spread less than 1 pip and autotrading on 10 seconds chart or lower ?

Oanda's quick pricing

They will never do it : they would lose the $600 monthly fee they charge for their API.

Oanda's quick pricing

hahaha I've also had reversal that continues to reverse... a real spread eater Well today I use micro lots to test new EAs but I didn't think of that when I started

The best way to trade is one trade a day

Great idea but it's kinda harsh... I'm developing my autotrader and given that I don't really know how to program it's taking some time but after 4 months it seems like most of the bugs are finally out. You can't imagine how destabilizing it can ...

The best way to trade is one trade a day

My guess is that it's a personal problem. I "burn out" on thursday due the trading pressure and I go in a tilt mode. The pattern is frightening : it happens every 2 thursdays. Haha I didn't know I was so sensitive but the numbers are right in front ...

The best way to trade is one trade a day

MyFxbook will only give me daily charts, I guess I'll have to do it through excel. But I've just noticed a funny thing : virtually 80% of my losses since Jan 1 happened on Thursdays... haha I know what to do now : divide tradesize by 10 on that day. ...

The best way to trade is one trade a day

We're running in circle, let's just end it here lol Back on topic, my first trades of any day are usually the most important ones. If they are profitable the day has a very good chance of being profitable. Why ? Certainly because I use a trend ...

The best way to trade is one trade a day

I wouldn't bet on conventions when 99% of traders are losers And my opinion is simply that your way to calculate a profitable system doesn't take enough factors in account. It's certainly very useful but it can still kill your account.

The best way to trade is one trade a day

Profitability might be where the problem comes from. Profitability alone doesn't mean anything if you don't take in account other factors. For example, the mentioned system would be worthless to me if it had to be applied to a yearly chart. Or if it ...

The best way to trade is one trade a day

The worst one is the entity between the chair and the keyboard. It will nullify the best technical tool.

What is the most reliable and profitable technical tool?

Thanks for the info on hedging but it does seem quite complicated without a clear edge. You create one according to your exposure but it does seem completely different from normal trading. Writing a put & call option gives you the time premium but ...

Oanda's quick pricing

Haha I started trading using options, I lost many accounts that way and I'm kinda allergic today. How do that work out for you ? Is it more profitable than say, a carry trade ?

Oanda's quick pricing