SMA is a simple moving average. If it is set for 200 then it simply finds the average price over the last 200 candles. EMA is an exponential moving average. While the SMA gives each candle equal weight or importance, EMA gives additional weight to ...

Why Moving Average?

Wow. It must be an amazing life to spend it on a forum begging for work. Your trading must be going incredibly well.

Why Moving Average?

verify the rsi actually went down. It could be that at +1 candles it was 54.4444 and the current candle it was 54.4445. If you click on the target symbol at the top of your mt4 window you can see the actual values for all of the indicators on your ...

RSI not working properly on Backtest

"No report is required if the aggregate value of the accounts did not exceed $10,000"

If new US Forex restrictions hit

because at 10:1 you need 500k to purchase 5M. That leaves zero available equity to cover price swings against you. Since there will be at least 1 pip spread plus commission this will place your equity in a negative balance.

A Lot of Money and Risk

Over trading is a term coined by the weak minded who trade with emotion and are looking to place a label on their failure.

What is over-trading?

Using 10:1 leverage on a 500k account if you open a 5M position you will receive a margin call if it even lets you open the position. 5M or 50 standard lots is 500 per pip, with a stop of 40 pips that is 20k at risk which is 4% of the account not ...

A Lot of Money and Risk

Who told you that you need a 51% win rate? 100 trades: 49 trades lose for a loss of $4,900.00 51 trades win for a gain of $4,000.00 or 100 trades: 90 lose for a loss of $4,900.00 10 win for a gain of $5,000.00 which is better?? Yeah I know it is an ...

What stats are important? What's good enough to trade?

If a few hundred pips movement against you places you at risk for a margin call, then you are risking far too much on each trade. I normally do not trade with a TP. SL is determined by market conditions (i.e. time frame, volatility, etc). As far as ...

MT5 and forward???

This is a common problem, here are some suggestions: 1. Reduce your risk as low as possible. Doing so takes the edge off of fear of loss. As you develop as a trader you can increase your risk. 2. Clearly define your reasons for getting out of a ...

I exit too early...

Yes. exactly the same as with mt4. mt5 only impacts those who use hedging or open multiple positions on the same pair at the same time (FIFO). Since neither of those impact me, there is no difference. I did have to rewrite my EA for the new ...

MT5 and forward???

couple of good months not making up for your average yearly return of negative 80%.

Average Monthly Return

4,000,000 time of day is more of a function of what kind of spread do you want. After U.S. close but before Tokyo open spreads widen out too much. About 1 hour before Tokyo spreads start to narrow. This works out good for me because I mostly trade ...

when are trade positions too big?

trade the dailies and scalp when I get bored. Most of the time now I just come in around midnight GMT and move stops and place buy and sell stop orders. My initial success was with scalping. I like the speed just don't like the long hours in front ...

Id rather have a shot gun than a sniper rifle

1. I don't think, I trade. Your psychology only comes into play when you risk too much. My rules for entering and exiting a trade are very clearly defined and I follow those rules to the letter. To do anything else is suicidal. 2. Lose not loose. ...

Id rather have a shot gun than a sniper rifle

reduce your risk and trade the system like it should be traded. You are using a system that you say is about 85% accurate. Divide your lot size by 10 and continue to trade like you have been. Risking 15+% is account suicide. Do you think it would ...

Please help? Trades sometimes lose big at first, I have to wait out for retracement!

it appears you are trading without a stop, dangerous unless you are trading at a very very small risk per trade.

2 Crazy Days On EUR/USD - My Trade Log

Although I wouldn't trade 100 lots with a small bucket shop, 100 lots with larger brokers is not a problem. Forex is a multi trillion dollar a day market, 100 lots isn't even a blip on the radar. If you are large enough to trade 1000+ lots, chances ...

when are trade positions too big?

if your account is at 10k and you are seeing 1.5k drawdowns on trades then you are risking more than 15% per trade. It's no wonder you are getting nervous on trades that go against you some. You are risking 10 times more than you should.

Please help? Trades sometimes lose big at first, I have to wait out for retracement!