Hi Rosco, I actually said 1700 ET which is the NY time zone. Genrerally, rollover occurs around this time although, each broker may vary slightly. In forex you are borrowing real money and purchasing other currencies. You have to pay the interest on ...

Question about Change in purchase price

Rosco, if you held the trade around 1700 ET then the difference in price most likely reflects the interest you paid to put on the trade. Remember, you borrowed USD at 5.25% to purchase Euros at 3.50%. You are responsible for paying that differential ...

Question about Change in purchase price

To be fair, all moving average crossover systems work well in a trending market. That's like saying a rollercoaster goes faster downhill than uphill. I'll take a wild guess and say the system works well on the daily EURJPY since it has been in a ...

5/13/62 Ema

1. None 2. Fixed Size 3. Fixed dollar amount of equity 4. Kelly formula 5. Fixed risk (fixed fractional) 6. Optimal f 7. Profit risk method 8. Fixed ratio 9. Generalized ratio 10. Margin target 11. Leverage target 12. Percent of equity 13. Max ...

Money Management Percent?

This is quite possibly one of the most shortsighted comments of the new year. Assuming that a 3% fixed fraction is the best for your strategy and everyone elses is foolish at best. First, there are at least 10 mainstream position sizing algorithms. ...

Money Management Percent?

www.adaptrade.com They have a 30 day free trial. I have no affiliation with the author of the software and no motivation to suggest you consider its use. I do own a copy and use it routinely.

Money Management Percent?

mmccormac, this thread is about NOT complaining about brokers. There is already a thread about the broker you speak of. Please post there.

Broker Complaints …Get over it!

Are you taking the spread into consideration?

Visual vs. Actual

One more thing: Moving your stop to breakeven too quickly will kill your results. It will feel good, but you will leave a lot of money on the table. I did a study with a strategy below. The left axis displays accuracy or % winners and refers to the ...

Mathematician's help needed...

That is great advice (wish i would have said that ) All you need to do is go back and review your trades on a scaling vs. non-scaling basis and see which yields the better results.

Mathematician's help needed...

I have never understood why anyone would promote the idea of holding their stops to the last pip but scale out of their winners before the move is over. You need to cross the finish line with all your tires on the car, don't start taking a couple ...

Mathematician's help needed...

Yes, it pays interest. It's called a carry trade and a lot of people have figured this out. It is quite common for retail traders as well as hedge funds and institutions to hold long positions of just about anything against the JPY. In 2005 it was ...

GBP/JPY question

There is a good discussion of monitors/workstations here: http://www.forexfactory.com/forexforum/showthread.php?t=4520

Dual monitors?

I would give you my highschool sweetheart long before i would give you my system.

Should a new trader use several methods?

Umm, no...that didn't go so well. But, to continue your analogy, you should only date one at a time.

Should a new trader use several methods?

Despite being warned to the contrary, many beginning traders try to trade too many things at once. What eventually happens is that you chase so many trades that you end up missing the few that really matter. Trading multiple systems as a beginner is ...

Should a new trader use several methods?

Just to make sure we are on the same page a couple of assumptions must be discussed: First let's talk in US Dollars, let's asusme you are trading the EURUSD (since 1 pip = $1), let's assume you have a mini account where 1 lot is a $10,000 contract, ...

Question about leverage & lot size

Hey fxnoob. Your interpretation of MACD is quite reasonable. There are many uses for MACD but when you look deep into the construction of the code it is basically 2 moving averages. It is slightly more complicated but that explanation will do for ...

The MACD...

That is not correct. He has to put aside $50 as good faith. He is still welcome to lose the remainder of his accout in pursuit of profit.

Question about leverage & lot size

A mini account is $1 per pip. Leverage determines how much margin you have to put up to trade that contract. In your case it should be $50 which is 1/200th of a mini contract ($10,000)

Question about leverage & lot size