The second strategy is a loser. For every 2 trades, you will lose the spread. Actually, I left part out. Assume a 1:1 Risk/reward ratio. You make 200, then lose 200 + spread. I'd rather make 1 pip every trade.

Now I know why 95% of traders are on losing side

Filter? — I've been working on the EA and see some troubles. How do you filter false signals? Going by MA cross for trend, waiting for candle to close with ADX > 35, enter at open of next candle: 15M EUR/USD chart: 10/18 12:00 Long - Good ...

iandekoker's 5 profit target trades

Treasure island for the trader, too. If it takes 1 pip every time, or even 99 / 100, I'll max out the leverage and be very happy with that one pip.

Now I know why 95% of traders are on losing side

I like it — iandecoker, Thanks for sharing this method. I try not to get excited about anything having to do with trading, a little bit of enthusiasm is a dangerous thing in the market! I guess what has me pumped is that, you're right in your ...

iandekoker's 5 profit target trades

They'll ask — ADX is called "Average Directional Movement" in the MT4 set of indicators. Attached is a template also. I recently did an indicator and EA for a friend that was very close to your strategy, I'll look at tweaking them for this ...

iandekoker's 5 profit target trades

I'm not defending either, but I can say that I'd rather have a system that takes 1 pip every time than one that takes 200 or 500 or (insert any number here) pips half the time.

Now I know why 95% of traders are on losing side

That's easy. Just read any advertisement for an ebook or course. Then take the course. It's as easy as 1 2 3 to make scads of money! Every chart they show you has an example of a huge move after applying a simple technique. It's so easy you don't ...

Now I know why 95% of traders are on losing side

Good post, I've certainly been guilty of all the above (1 through 6). I don't agree entirely, though. 1. Absolutely. 2. Different things work for different people. My impression is that there are more successful traders that trade on 30M and up than ...

Now I know why 95% of traders are on losing side

A couple thoughts occurred to me. Hanover said in a post that he could always find some reason not to take the trade. I agree, there will always be some signal or indicator that disagrees. Also, there was once or twice I felt really strongly about a ...

Thoughts of a shorting

Good for you! Man, I'm glad you took it.

Thoughts of a shorting

Mistakes I keep making — How to get burned: Have an open trade at news time. Trade against the trend. Go ahead and take the trade when you are not sure it is good. After opening a trade, sit and watch price on lower timeframes. Try to pick a ...

Transition from Losing to Winning

oh well — I guess I should have taken it. Had a power outage around 8:20, a local squirrel was doing some self-training on becoming an electrician. When power came back on, price was already close to the next resistance level, I didn't like ...

Cable Update (GBPUSD)

H&S — What a nice H&S on the 30M 15M..... Would rather be buying than shorting right now, but will have to take a decisive break below 40.

Cable Update (GBPUSD)

Pivot Points — Different people have their preferences for pivot points; ways of calculating, and what times to use as the start / stop. CarlC gave some good tips on this over in another thread url Attached is my comparison between different ...

Understanding Indicators

??? — Do you mean 2.0225?

Big Move on GBP/USD today Focus It

So simple an EA can do it — This looks like a good candidate for an EA....

Geico strategy---so simple a caveman can do it!

Thanks, MPP. Lately I wonder how much Jacko has in his accounts. I could make assumptions and guesstimate. They are big accounts, and I wonder what his yearly return is. Mainly I wonder because I get 20 - 30 % per year in mutual funds. What I did ...

Transition from Losing to Winning

Well, actually, I do have a system. I use trendlines and support/resistance, candlestick patterns, and a ton of other little things like "stay out at news time", "don't trade in the afternoon", etc. That's about it. I think that's all I need, and in ...

Transition from Losing to Winning

Thanks, guys. Yes, it's still real money. Not very much, but real. The chart above represents about $400 in losses over the months. I will not give up, but I thought I'd be farther along at this point. I've sold my house and have been moving for the ...

Transition from Losing to Winning

Stats — I'm not actually getting better. August has been a very busy month outside of trading so I only traded 12 days and didn't trade the other 11.

Transition from Losing to Winning