Sorry if this sounds condescending, but it's really not rocket science. The answer is consistent risk per position. How much you lose on any given position is one thing that you can control. Whether you choose fixed lot, fixed dollar, or fixed frac ...

Making small gains each day + losing it all in 1 day

Depends on your strategy. For example, you could use FA/D1 to determine direction and then S/D, VSA, etc on shorter TF to time your entries. Each to their own.

One stop shop for fundamental analysis links

Good call, USD has been weak and EUR, GBP and NZD strong:

Fundamental Trading Always beats Technical Trading 100%

When I said "bad trading decisions", I was intentionally unspecific, these could be the result of many of the items I listed here, or possibly others. Whatever the reason for a decision, the resulting action is potentially reversible, e.g. leaving a ...

Forex - A negative sum game for losers

You're correct, I did, e.g. here.

Forex - A negative sum game for losers

Do retail traders lose because of broker costs (spread, commission, slippage,.....), or because they make bad trading decisions? Costs can't be avoided, but bad trading decisions are reversible. If it's possible to trade badly, then it's possible to ...

Forex - A negative sum game for losers

You might find some useful material in the links here. There's a link there to a thread of jakeparkin's; as far as I can tell, he uses a similar approach and logic to Samson85 here. For possible alternative newsfeeds to RANsquawk, see posts #14, ...

Fundamental Trading Always beats Technical Trading 100%

Agree, good post, fundamental trading can be very rewarding, but (like everything else) with the proviso that you know what you're doing. Pairing a strong currency against a weak one can improve your odds. Having access to an institutional grade ...

Fundamental Trading Always beats Technical Trading 100%

Zack, I've compiled the attached Year separators (b600).mq4 code using Metaeditor/compiler build 600, and there are no errors. However, you will first need to download the two mqh files (that were very generously created by pips4life) into the ...

Hanover replies to PMs

Please read the last sentence in post #1069. That's why I didn't post the MQ4 file originally. I posted it later only because you asked me for it. Compile errors are not the cause of any subsequent performance issues. If there are compile errors, ...

Hanover replies to PMs

For placing market orders with a fixed SL and TP, I sometimes use the attached script. It's also capable of placing multiple orders with different TPs, for scaling out. The script was written using Metaeditor/compiler build 509, hence it will likely ...

Calculating position size automatically

I use UniqueID only in situations where the user might want to attach the same indicator multiple times to the same chart. This allows each instance of the indicator to generate unique object names for itself, so that it doesn't get confused. ...

Hanover replies to PMs

This is possibly the least CPU intensive indicator that I've ever written! It plots the lines once, when the indicator is attached to the chart, and does nothing on every price tick thereafter [the start() procedure merely does a return(0)]. You can ...

Hanover replies to PMs

Fixed bug: the News Downloader.exe app now correctly handles ampersand ( & ) and semi-colon ( ; ) symbols in the FF calendar HTML. Download latest version from post #1.

Plot News / Downloader version 4.00

Agreed, fundamental factors form a big reason why all currencies move. However, the triangular relationship EURUSD/GBPUSD=EURGBP is inviolable, hence trading EURUSD against GBPUSD will always be mathematically identical to simply trading EURGBP. Any ...

Arbitrage EA

EUR/USD divided by GBP/USD = EUR/USD x USD/GBP = EUR/GBP (If you doubt that price follows the algebra, take EURUSD's current bid price, divide it by GBPUSD's, and compare the result to EURGBP's -- the variance should always be less than 0.5 pips). ...

Arbitrage EA

For better or worse, it's obviously a (capped) martingale. By merely looking at the equity curve, the telltale sign is how the pos sizes increase exponentially every time the equity dips, causing immediate recovery; except on two occasions where the ...

Scalping-pro - the next Holy Grail?!

RR is determined by exit, not setup/indicators. For example, setting TP=100 pips, SL=20 pips will always give you 5:1R regardless of what entries you choose.

searching for a strategy with RR 1:5

Apparently you misread my post, especially the very first sentence. I never said that MT4 was an institutional grade trading platform, I merely listed some reasons why it is the most popular choice of the masses. Sorry if I'm merely stating the ...

Questions about MT4 usage

Many thanks for the info. ________________________________ Exotic currencies are not supported. You can find this code in the ExpandCcy() and ReduceCcy() modules here: //+------------------------------------------------------------------+ string ...

Hanover replies to PMs