In the above chart if you institute the algo, the price isn't traveling fast enough, so what could happen is the price stays on the line and crosses back and fort over it. Thus accruing huge transactional costs. You want market conditions where ...

Line in the Sand

image a simple line...

Line in the Sand

the above is intraday chart of E-Mini SP500 Futures, notice how after news event the market moves or travels fast, that's the condition your looking for. Also notice the moving averages never cross over really intraday. Anytime price approaches a ...

Line in the Sand

image

Line in the Sand

A human can't execute fast enough in most instances, you definitely don't want to trade within the first few minutes of a news event. The brokers will rape you on your fills citing fast market conditions. Wait till the market calms down after a news ...

Line in the Sand

Post your current MQL 4 compatible code. And I will help you through it.

Line in the Sand

your range between your high low for the day is too wide, thats why your having huge drawdowns, if price keeps hitting the high and hitting the low intraday, you will end up churning your account and accruing huge costs for the reversals. Just pick ...

Line in the Sand

You need to look at statistical outliers in terms of most technical analysis parameters. How: 1) trendlines 2) support/resistance 3) moving averages - you need to trade a derivative that is highly liquid and with a broker that won't cheat you out of ...

Line in the Sand

url some price action

Spectre's Corner

A bigger edge: -Pick news reports or events to trade on specific times and dates. -Avoid high probability of consolidation times and dates. -If you try to trade it every day and backtest it, the reversal costs will mount quicker. -You need to ...

Line in the Sand

expecting 124 in the coming months.

Spectre's Corner

On 100,000 account, 1% is 1000 USDJPY spread is usually 3 pips. 3 pip spread x 33 reversals x 9.17 dollars/pip = 907 dollars or close to 1% now take a look at price action and how many times certain points get retraced and when they rarely get ...

Line in the Sand

I want all my posts deleted.. here. at this site.

BOJ afoot

nah.. id rather enjoy the 3 pips..... laterz..this is my last post here..at this site.

BOJ afoot

10-15 minutes...watch what happens. 116.39 now..10:41

BOJ afoot

Now, the IMF clearly states that members should avoid manipulating exchange rates in order to gain an unfair competitive advantage over other members and defines such manipulation as protracted large-scale intervention in one direction in exchange ...

BOJ afoot

On September 11th, the Prime Minister was re-elected with tremendous support. An issue that he based his re-election on was the privatization of Japan's post-insurance arm, the Kampo. I understand legislation will move toward the Diet to reform ...

BOJ afoot

url

BOJ afoot

DJ newswires reported 116.00 is being defended.. There is a paper on BOJ intervention, maybe you should look it up. And watch the tick action.

BOJ afoot