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philmcgrew replied Sep 29, 2009Try this: url It's a lot less cumbersome than opening excel all the time. I calculates lots in standard, mini, and micro and will return results in any major currency.
looking for lot size calculator
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philmcgrew replied Sep 29, 2009Can I be your broker? I'll give you 3 pip spreads on everything.
A question about an idea I developed
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philmcgrew replied Sep 28, 2009Your code resides on your computer. I can't help you with that API and DLL stuff. Honestly, I pay a guy $100/hr to program and I do other things with my life.
automated trading systems/programming/back testing
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philmcgrew replied Sep 28, 2009To start, if you have a 50 pip stop and you risk 3% of your account per trade, you would need $83,000 USD just to support trading 5 contracts assuming a xxxUSD pair.
Exceptional or Normal Results?
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philmcgrew replied Sep 28, 2009Asking people on Forex Factory if they like MT4 is like asking a fox if they like the taste of chicken. Almost everyone here uses it. If you do, you will be locked into Forex only and you have to trade through some crappy little forex broker with ...
automated trading systems/programming/back testing
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philmcgrew replied Sep 27, 2009Your example is fine. You bought USD then the AUD went up so you will be able to purchase fewer AUD when you reverse the transaction. In short, you lost money. If you thougth the AUD was going up you wouldn't have purchased US Dollars.
Interesting Question
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philmcgrew replied Sep 27, 2009If you are Australian, you are already long AUD.
Interesting Question
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philmcgrew replied Sep 27, 2009He could go to the bank and buy US Dollars. They would most likely rape him on the spread though. You may pay a couple pips trading electronically but they will likely charge him several hundred pips for the transaction.
Interesting Question
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philmcgrew replied Sep 27, 2009I would find a new friend. Preferably one who was honest with you.
Exceptional or Normal Results?
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philmcgrew replied Sep 27, 2009I use this: url Make sure you select your timezone from the dropdown. Welcome to Forex Factory.
Market Opening Times?
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philmcgrew replied Sep 27, 2009Try the CNYUSD. It doesn't move very much.
Looking to trade very slow pairs, any suggestions....
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philmcgrew replied Sep 26, 2009Your broker takes the other side of the trade and you will always get filled immediately. Once your account grows to several million dollars and you start trading directly with banks, then you might have to worry about matching trades but for now, ...
Simple question! NobuyersNosellers!!
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philmcgrew replied Sep 26, 2009Hi StockJay, thanks for the feedback. I see what you are saying about scrolling. I'll point that out to the programmer but I'm not sure that can be fixed. As soon as you move your mouse, the number does update to the correct value. The table was not ...
Correlation
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philmcgrew replied Sep 25, 2009You could just go here: url It has 30 currencies and 4 different time frames. More than any other website.
Correlation
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philmcgrew replied Sep 23, 2009Congrats on figuring out the hedge ratio. If this works perfectly, you will make absolutely no money.
Help with Lot- range Calculations
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philmcgrew replied Sep 13, 2009This has nothing to do with banks. They don't know anything about your mini-lot.
Question regarding swap rates
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philmcgrew replied Sep 13, 2009It's just another way of your broker skimming some funds from you. It occurs on smaller accounts and is usually called a "maintenance fee" or some other clever name.
Question regarding swap rates
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philmcgrew replied Sep 11, 2009I wouldn't touch a system that had a profit factor of greater than 2 and I wouldn't give the person claiming a higher PF the time of day. Anything over 2-2.5 is curve fit and will not stand the test of time.
Is Gross Profit/Gross Loss > 10 possible?
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philmcgrew replied Sep 10, 2009Here is the one I use on every trade I take: url It lives in my task tray and is there when I need it. It can be used on standard lots, mini lots, and micro lots. The results can be returned in any major currency.
Position size, Pips and Leverage calculation...