Dave is a rookie. He'll have to get burned before he sees the flaw in his approach.

Can someone explain to me everything about stop/loss.

Oh and to naysayers saying that this is "only a demo account" - that is what I developed this system on - but I use Terranin's trade copier to port signals into an ECN... So there, A-holes! Just kidding.

Money Talks

It is a combination of 8 strategies, controlled by the ATR(48) indicator at the bottom. 3 different timeframes are used, all on EURUSD. This is to all the naysayers that say EAs can't be profitable long term. There are losing weeks (like week 7) and ...

Money Talks

Here we are, 7 weeks into 2009. I have screen captures of all trades taken... grand total for 2009, 330 pips after spreads. Now that might not seem like much, but it is pretty good for a mechanical system.

Money Talks

I get tired of reading "forget robots." I admit most are crap, but not all. I never bought an EA. I made my own. You can feel good knowing your strategies you bet on (vs. an invisible black box) and if the market goes against your patterns, you knew ...

Is There Really A Profitable Robot?

Well, there was no sarcasm. I simply stated facts.

A system that works for a part time trader with minimum screen time

Hanover: It has been a long time since you started your journey. I am wondering if you ever concocted a trading system that you trade real money with? Or - are you still searching? Or - you may have purchased a system to trade, or trade in a fund. ...

Perhaps the biggest piece of marketing tripe I've ever seen

hear here!

Perhaps the biggest piece of marketing tripe I've ever seen

If you don't want to lose more than 10% of your account to drawdown, why not put 80% of your account in a bank CD instead of letting it sit there doing nothing.

Let's see how this thing works

Hendrix, this thread is wishy washy. You are whining about things that are out of your control. Of course nobody wants taxes or their strategies to go bad.... But will be will be, not matter what we say or think or do. So the best thing to do is not ...

The Future of Forex?

God, that was too predictable. STOP FREELOADING, MOOCH!

The Future of Forex?

I wonder what jacko traders that could be losing money would say.... Hey dude, your sob story is rather pitiful. I spent thousands of hours on forex over the past 4 years. I have a very good shot at making huge returns this year (I made 3000% in ...

A system that works for a part time trader with minimum screen time

@rabid Do you take credit for the unforseen? Do you feel like a sucker for buying at the top of the real estate boom? (not saying you did) Do you feel like a sucker for losing half your 401K last year? (not saying you did) Do you take credit for ...

We are approaching VERY serious times

Nope.... I'm hoping for a very prosperous '09 but am not counting my chickens until they hatch....

We are approaching VERY serious times

i was assuming a 5 pip spread, thus 5,000 pips puts you at a net 0 pips. the point of this thread is, even if you have an edge, you have a lot to overcome.

Is 5000 pips in 1000 trades a lot?

it would also make sense that many people are listening to voices in their heads, because often a chart talking is simply saying "I just fooled you with randomness....."

We are approaching VERY serious times

i took an intellectual property course in my undergrad here are some facts: 1) anything you put into storable medium (paper & ink, software, sheet music) is already copyrighted the minute you create it 2) even though your work may be copyrighted, ...

Copyrighting Trading techniques

volatility was low from the Euro's inception (1999) until Lehman brothers collapsed.... at which point 6% of the FX market place disappeared.

Why the low volatility of EUR/USD in 2007?

i listened to a chart one time and it bankrupted my account.

We are approaching VERY serious times

i like what i hear.... only i would also add a time element - a 500 pip drop within 2 days without a 60 pip retracement, or something like that. very smart, nanningbob. i use a similar strategy myself, but on smaller timeframes. i never thought to ...

Nanningbob 60x90 EA