Every trend has retracements, some smaller some larger. You do not need to use S/R to enter counter trend. In a downtrend, you could wait for the price to retrace to the nearest resistance level, and enter with the trend. Again, it is not the tools, ...

No more BS - What have you learned?

You are still working on your dream and that is great. The forex venture however is one of self discovery more than most people would care to admit. Having said that, may i make a suggestion. You need to keep an open mind. If something does not work ...

No more BS - What have you learned?

It depends on the country you live in. In the US this is regulated depending on the particular market you trade in. If you are wandering about doing this in the forex market, then I can tell you that this would be impossible, unless you have some ...

secret setup worries - frontrunning illegal?

Frontrunning as the name implies to a certain extent, is trading before other people. Usually such a strategy, would only be available to entities that can act as dealers (trading for their own account), and brokers (trading for their clients) at ...

secret setup worries - frontrunning illegal?

Just curious! — In this post you are talking about your balance on July 26th. Yet your current myfxbook system starts on august 27th. What happened to the previous system? I also noticed that your current open losses are about 40% bigger, than ...

Time Cell Trading

Should I go to work tomorrow, or take the day off? I am supposed to work, but bussines is slow this time of year and since i am the manager, I could take the day off. What do you guys think?

Should I become a full-time Forex trader?

This statement is the reason most people fail at trading. They see it as a get rich quick type of thing, as a make a lot of money with little effort thing. As the best way to become rich, buy an island an live happily after. Well, IT IS NOT. Forex ...

No more BS - What have you learned?

I read your post i just don't understand the reason for spending the time doing something that can be done without any involvement on your part with the same results. It would be a different story if you were better at it than the banks. Otherwise ...

Xaron's $1,000 to anywhere trading horror show

There are a lot of banks out there that offer CD accounts that pay over 2% without you having to do anything. And it does not matter how big your account is or how much 2% represents. You could just as well park all of that money in a CD account (or ...

Xaron's $1,000 to anywhere trading horror show

I quickly glanced at your code again and found another parenthesis missing. See if this helps: //OPENING ORDERS while(true) { if (Total==0 && Opn_B==true) { RefreshRates(); SL=Bid-stoploss*Point; TP=Bid+takeprofit*Point; ...

end of program... unbalanced left parenthesis

You are missing some parenthesis in the piece of code bellow, and maybe others. Try correcting this first and see if it compiles: My corrections are in red //TRADING CRITERIA MA_1_t=iMA(NULL,0,ma_1,MODE_EMA,Clo se,0); ...

end of program... unbalanced left parenthesis

Determining your PS based on the TF used to make trading decisions makes no sense. It also makes no sense to use the frequency of your trades for that. If your system has no real, definable edge, you will eventually end up with 0 in your account, ...

Position Size vs Time Frame

I have no clue what a good trader says or does not...

A good trader never says what he's buying or selling because...

dont have a lot of time right now, but look into global variables....

Can I stop an EA by itself

you are already as excited as it gets... forget about getting respect. forget about bragging. forget trying to show off. this are not the traits of a succesfull trader and all are things that will inflate your ego to the point where there is nothing ...

Are the best systems also the systems that fail most spectacularly?

They worked well even when they became "those", although it required some more optimization...

Seriously, does those EAs really work?

Im sorry for sounding negative but this kind of spreadsheets/calculations are for noobs to feel good about trading. They have little to do with the realyties of the trading world and provid zero insight into it

$500 Account - Salary + Retirement Plan

If i understand corectly the error is the result of one of the funtions in the EA being passed the wrong parameter. It also seems that is not something that the compiler can catch so finding the function thats causing this may take some time if the ...

Error code 4051

It would be difficult to say much without seeing the code but error 4051 is an "invalid function parameter value" error.

Error code 4051

I am not taking anything out of context. All i am saying is "garbage in garbage out". You have shown 2 equity curves of a garbage system, tested on inacurate garbage data and somehow that is supposed to support your claim that backtesting is ...

Another Reason Not to Trust Backtesting