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philmcgrew replied Jan 7, 2007I've never met a happy scalper but I'll take your word for it. If i'm not mistaken it's 14 pips in 48 trades, not per day.
Martingale EA. Almost can't lose!
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philmcgrew replied Jan 7, 2007If you want to move your money then do it and get it over with. But don't make the mistake of thinking a forex salesperson gives a crap about your success. You already elected to give them your money so clearly that wasn't a deciding factor in ...
Forex.com trader worried
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philmcgrew replied Jan 7, 2007Maybe in an ideal world. To be frank, I wouldn't waste my time trying to make 14 pips in 48 trades.
Martingale EA. Almost can't lose!
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philmcgrew replied Jan 7, 2007I think I would like to be the broker in this ill-conceived scheme

Martingale EA. Almost can't lose!
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philmcgrew replied Jan 7, 2007So you made 14 pips. How many did your broker get?
Martingale EA. Almost can't lose!
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philmcgrew replied Jan 7, 2007Since there are virtually no gaps in forex i do not see the advantage of using the last candle close vs. the current candle open. This would seem to be of much more importance in the stock or futures market. If you do get this programmed it would be ...
Improved Rsi Needs Code
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philmcgrew replied Jan 7, 2007How many pips did your broker make in all of this?
Martingale EA. Almost can't lose!
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philmcgrew replied Jan 7, 2007The formula is this: Notional value x (base currency interst rate - quote currency interest rate) / (days in year x conversion to USD) The US has a rate of 5.25% and JPY has a rate of 0.25%. In the USDJPY pair the USD is the base and the JPY is the ...
Rollover Interest
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philmcgrew replied Jan 6, 2007I read the report, have several Gain accounts and know many others who also trade through them. I agree with turbo, the NFA saying that they did not know a company had 16,000 accounts and made $50 million is a joke. Someone should fine the NFA is ...
Forex.com trader worried
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philmcgrew replied Jan 6, 2007Thanks for not letting facts get in the way of rendering your opinion.
Forex.com trader worried
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philmcgrew replied Jan 6, 2007Scott, thanks for taking some of your personal time to test this. I wish more people would test ideas before throwing them out for general discussion. One quick question for you...does your EA consider commissions?
The 5 minute daily forex strategy
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philmcgrew replied Jan 5, 2007Hanover, thanks for some amazing posts. This should be required reading for all.
Systems and vendors
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philmcgrew replied Jan 5, 2007I mistakenly assumed that you had some idea about how we should trade this report since the title of your book was "Trading the Non Farm Payroll Report Like a Savage Pip Fiend." The spreadsheet that you produced shows you making 2356 pips so it ...
Trading the Non Farm Payroll Report Like a Savage Pip Fiend, by Rob Booker
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philmcgrew replied Jan 5, 2007Rob, Can you update us on how your NFP system performed today and how we would manage the position for the rest of the month?
Trading the Non Farm Payroll Report Like a Savage Pip Fiend, by Rob Booker
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philmcgrew replied Jan 5, 2007I'm not sure I understand your point. Isn't that why it's called a turning point?
Trend is your friend (Image attached)
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philmcgrew replied Jan 5, 2007He doesn't have an EA. He tested over 400 trades. If he honestly and objectively tested, it's time to let it rip (on a small account). There is no basis for suggesting 3 more months of testing.
Question on forward testing
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philmcgrew replied Jan 5, 2007If you conducted your testing in an objective manner and acheived realistic results over a sample of 400+ trades there is no reason to believe that your strategy won't continue to perform well in the near future. In this case, my suggestion would be ...
Question on forward testing
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philmcgrew replied Jan 4, 2007To be frank, you are going to have to talk to your broker and see what kind of excuse they offer. Most charting platfroms show the bid price so it's a little more difficult to get one over you when taking a short position since you would be selling ...
unexpected behavior of sell stop
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philmcgrew replied Jan 4, 2007Your point is well made. Unfortunately, you can't list 5 uncorrelated currency pairs.
concurrent uncorrelated positions
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philmcgrew replied Jan 4, 2007At least you got the date right. Any technical or fundamental reasons why you would make such a statement?
Aussie Pairs