Good ol' I B F X uses the 00:00 GMT frame for their charts.

Another Daily Range Strategy GBP/USD

I'm not TKimble, but you are right marcf. TK reduces the straddle range to about 50 pips after one order has been triggered.

Part Time Wealth Building Trading System - Weekly Scalping

I find that most indicators just regurgitate price in a different way. Some traders seem to feel that indicators are predicting where to trade. They are really just following price and making price look a little different. Thanks Summitfx. As usual, ...

The Daily Fozzy Method

Kwackers... Your orders look almost right to me if you are only going for 30 pips. I think the take profit on the buy should be 1.9721 instead of 1.9711. I don't cancel my opposite untriggered orders until the next day. (There's a good reason for ...

daily range Strategy

No EA that I know of. I j just place the trades by hand. Takes 5 minutes on three different accounts. Backtesting is not very accurate using EAs on MT4 I'm afraid. If there is a moderator looking in, why are the tables etc. in the previous messages ...

daily range Strategy

I know you know this Matt, but just in case others are viewing, You can't backtest this with weekly bars. Probably best to use hourly if available, at least. Lot's of movements of 30 or 50 pips hidden inside the weekly and daily bars which could ...

Part Time Wealth Building Trading System - Weekly Scalping

Thanks for starting this. I'll be following your results closely and I'll try to trade along myself.

The Weekly Opening Range Method

Well, I kinda lost interest when I lost 40% of my live account in about a week. That was after three months of testing to gain confidence. Looking at other methods now.

Firebird EA - fixed version -

You just need the close price for the week. (or the open) You can get that off the daily just fine or whatever. Just for backtesting you want to make sure you use smaller bars to track movement of the price.

Part Time Wealth Building Trading System - Weekly Scalping

On I B F X your trailing stop would be break even after the 50 pip move in your favor. Then it would be pulled along as you go more in your favor. If you went 70 pips in your favor and then for some reason the market crashed you would be stopped out ...

daily range Strategy

Just a small word of caution here. ONe cannot test a system (backtest) using the weekly charts. Hidden within those weekly bars are lots of up and down moves which would stop out a 30 pip SL. I don't believe one can even accurately test using a ...

Part Time Wealth Building Trading System - Weekly Scalping

Just read the first 5 or 6 pages of the thread. The best stuff is probably in there. Look for posts by Kamando and Micardo for the basic stuff. Are you using the EA for backtesting? I can't think of any other reason. It only takes me 5 minutes a day ...

daily range Strategy

Steve adds ten pips cushion to the SL. So if the low was 1.3105 his SL would be 1.3095.

Steviet's Live Trades!

Like I said. This is real world results. Including my personal mistakes on addition for stop loss, and at least twice hitting the wrong button on trailing stop (or it just didn't work!) At least two of the holidays that I didn't trade were winning ...

daily range Strategy

Well, I am not Micardo but since Nov 15 I have been running a similar method to his and just wanted to share the results so far. I mostly use a 50 pip trigger from the daily open price (FXDD 5pm EST). But not quite. For buy stops I use 55 pips. ...

daily range Strategy

Beginner's luck???? I remember a couple of years ago when I was a beginner I had a record of about 2 for 10 and blew a $500 account in about a month. Why o why is doing MUCH better than that!

I haven't got a clue!

Metatrader "is " the platform at FXDD and I B F X. You download it with no costs when you sign up for a demo or live account. I use the 5 PM price. I don;t really know what the consensus is right now.

daily range Strategy

Brett... you are more or less following Micardo's original plan for Daily Range strategy. You don;'t need an EA. Here's how I do it. Every day at 5PM EST (22:00 GMT) FXDD gives a new daily candle. I check the opening price on that candle and place ...

daily range Strategy

These results are really rather mindboggling. A simple straddle and a 15 pip trailing stop and you made 720 bucks on 1 lot trades for the week. No fuss or muss. Small amount of time required. Simply amazing. thanks for sharing these results.

daily range Strategy

That's great. Amazing. And you are setting your trades at 00:00 GMT right?

daily range Strategy