I think so too, there's some nice supply zones coming up, one of them has to hold, the market can't go up for ever, this short squeeze will be over soon.

Cable Update (GBPUSD)

It didn't work out for me in the end, I hit my -2% equity so had to close out both trades, although it does work out more often than not. It depends on the situation, your lot sizes and how far away your price targets are. It could work nice on ...

Cable Update (GBPUSD)

I'm not really that good I just open a hedge when drawdown hits 1%, then I trade my way out. If I get it wrong a second time then I take a 2% loss. f you know price is going to bounce off somewhere rather than use a fix stop loss you can use the ...

Cable Update (GBPUSD)

Nice work, I am short but I have very low lot sizes. I've found hedging can be better than SL's for rescuing trades provided that you do not break the 2% equity drawdown rule. I look where supply and demand zones are and trail one side of the hedge ...

Cable Update (GBPUSD)

I wouldn't trade with Alpari because it's based in the UK. The UK has crazy liberal laws which protect rogue employee's, incompetent staff and criminals. As a consumer this quite often means that you get un unacceptable level of service or in most ...

Trades cancelled with broker

To be honest there are no other brokers worth moving to other than LMAX and dukascopy. All of the others are junk, including mb trading and oanda. LMAX will be offering MT4 by late Jan 2012. So I guess that gives GoMarkets about a month to sort out ...

GoMarkets Discussion

So once a trade is opened the magic number can never be changed?

Change magic number of open trades?

Is there no way an EA can disable an EA, I've heard that this is possible? If anything can be programmed then surely the function that the button does can be programmed, or at least something to the same effect. Some of the EA's that I use are ...

Disable EA's when profit target reached?

Anyone could be forgiven for thinking you are talking about the UK and not forex. For the last 20 years political correctness and left leaning governments have created a country of takers, rules created to protect the ignorant, the stupid and anyone ...

EURUSD

GoMarkets is a STP broker so they make their money through spread. Because of this you can't expect them to refund you slippage. I know you don't want to hear this but seriously, I don't see how a business can take onboard losses that they have no ...

GoMarkets Discussion

I am testing a similar strategy, it's called correlated martingale although my setup uses a open equity stop loss aswell. url The problem with the system is forex being forex means you are eventually going to have all trades in negative and hit ...

Basket Hedge Volatility Strategy - Wanna help?

He said Janurary to February.

LMAX = revolution?!?

I spoke to LMAX on the phone today and he said they are looking to aggregate all liquidity together so that MT4 clients can trade with non MT4 clients. He also said that they want to attract EA traders and feel this kind of liquidity will be good ...

LMAX = revolution?!?