Squid, Looks like it's me and you on the forum today When I first started out, I made all kinds of spreadsheets about how many pips I wanted to make and how much money that would yield. I thought that these were going to be my goals. In fact, to ...

What are reasonable goals?

Thanks. I actually learned a ton of stuff while I was doing it, so, I gained a lot from it. I'm glad when people find it useful.

BunnyGirl Cross system

Squid, When you're looking at your orders, right click over the order you want and select "Close Order". A close order box will come up. At the top, there will be a little box that, by default, lists the lots for the order. You can change that. Just ...

Another MT4 question

I'm not sure if ForexFactory will be adding the new BGX document or not, and I'm getting a lot of PM's on it. So, here's a temporary link for the document: url .

BunnyGirl Cross system

Hello, Bunnygirl's Quote: This was just the method Bunnygirl used to know when she could move to the next trading level. Throw out the comments about 2% for a second. Bunnygirl was basically saying that she needs enough money to cover 2 consecutive ...

BunnyGirl money management questions

I use this method too. It's not identical to live trading, but, it significantly improved my ability to trade my setups. The one thing I would add is that as you're scrolling forward, try not to look ahead. Ask yourself each time you advance a bar ...

Trading simulator or practice tool

I thought I'd jump in here to validate some of what's being said. If you all saw the thread I started on stop hunting, you'll know I have a trader friend with a very large account. Prior to his now infamous stop hunt, he was with InterbankFX. The ...

InterbankFX

Here's a question for everyone targeting pips. How are you calculating pips when trading multi-unit positions? If I trade with 4 lots, and I take profit at 10, 20, 30, and 40 pips, what's my pip count? Is it 100 pips total, or is it the average of ...

What is your monthly target?

Hey Squid, I agree with Akuma99. Those are some great points. At this point, I would also be asking myself some questions. 1. Did I enter and set stops based upon a known, defined set of rules that I'm trading by? 2. If not, which rule(s) did I ...

How did I mess up this trade?

Try this thread: url . You might find some useful indicators.

Questions on BunnyGirl Cross System

Feel free to take a look at the newer version of the BGX doc: url .

Questions on BunnyGirl Cross System

Actually, that is incorrect. You only put a buy or sell stop on in the direction of the cross. If the wma5 crosses above the wma20, then this is a bull cross, so you would be placing a buy stop order. If wma5 crosses below the wma20, then this is a ...

Questions on BunnyGirl Cross System

I think it's important to distinguish between the ebb and flow of the market and actual stop hunts that occur. I think I provided a clear case of stop hunting. A single trader was targeted and the price was significantly away from where a consensus ...

Stop Hunting

There is a bank holiday in the US and the UK. That means that the major liquidity for forex will be significantly dampened. As a result, some brokers actually do close shop. For instance, HotSpotFX, an ECN, will be closed on Monday until 6 PM. My ...

Quick dumb question - markets open Monday?

The markets are always open, but, your broker may not be. You need to check with your broker to see if they have holiday hours.

Quick dumb question - markets open Monday?

I'm a little confused. MBTrading describes themselves on their website as an introducing broker for MB Trading Technologies. Why are they described in this thread as an ECN, then? Their terminology they use regarding STP is the same as that used by ...

Info on ECN brokers

What kind of alert? Price alerts are simple. Indicator alerts do require a bit of coding.

Charting software

Westwood, This approach would only work for companies using MetaTrader. Brokers install a MetaTrader server which allows all of our trading clients to connect and trade. Sorry, I was under the impression that Xpresstrade was also MT4-based. stockwet

Switching Broker but keeping MetaTrader 4 ??

Hi Westwood, Here's what I do. First, I use the download from MetaQuotes.net. This ensures that I have a generic install of MetaTrader. MT4 is designed such that all you need to connect to a broker is a server configuration file. All you need to do ...

Switching Broker but keeping MetaTrader 4 ??

No. I requested this as a feature at the MetaQuotes.net site. To get around this, I created my own expert to take profit out and move stops to breakeven. It works pretty well. It's much easier than putting 3 different orders on and managing it that ...

MT 4.0 question