------------------------------------------ Result: image Two bars of Daily data yield a wealth of information about the short-term market. With more bars of data as input into a new kind of technical analysis, the precision is even greater. The ...

Why do indicators not work/work? Why is Forex not truly random?

The problem is that my trading system is not straight out of "How To Trade Like a Rookie 101" course. So, I would need code writing skills that can keep up with my trade logic writing skills, as the two are no where near being equal. Writing solid ...

iExpertAdvisor: A Nightmare Experience

Its definitely the tool and my patience for actually learning how to trade, overrode my desire to learn how to code, as knowing how to develop trade logic that actually works, trumps knowing how to code by about a billion times a billion. Its ...

iExpertAdvisor: A Nightmare Experience

Cheers! Double Cheers! LOL! Wait a minute! Then the Bot is your ultimate Freaky Solution. All traders are control freaks, if they tell you the truth. Code your Bot with what you would do in any given situation, and the Bot becomes just as ...

Do Software Developers Make Better Traders?

Had the same problem on Windows7. Initial install path was under c:/program files (x86)/[MetaTrader Install Directory Name]. I deleted current installation and re-installed directly off the root (c, renamed liveupdate to liveupdate.old and problem ...

crashes using mt4 build 419

Predictive Modeling for Traders 101: The Basics There is a difference between the Probability, and the Density (Distribution) of the Probability. You need to invoke Time. 80% accurate over what time interval? 70% accurate over what time interval? ...

Trying to calculate the probability of an indicator being correct

Current Price = 61555.

Why do indicators not work/work? Why is Forex not truly random?

There has not been a truly new indicator design concept introduced to the general public in eons. Thus, the over-use of the same mathematical concepts, tends to reduce the overall effectiveness of most TA. In addition, most TA is predicated on some ...

Why do indicators not work/work? Why is Forex not truly random?

How much is enough? Again, all of my posts here, go right back to the central question: Why am I in this business? If I can define why I'm in the business, then I can define a specific revenue target per trade and that determines whether I am ...

The life of a trading system on Forex Factory

It can be very intense. Some people can handle it. I can't see myself trading like that on a consistent basis. I'd personally go nuts. However, creating a Bot to do that dirty work, is a different story. Of course, you'd be talking about a Scalping ...

The life of a trading system on Forex Factory

I trade to grow capital. So, if its not about profitability, then I'm in the wrong business. I might as well go start a McDonald's franchise, and put a permanent cap on my revenue. But, if I don't want a permanent cap on my revenue, then I can see ...

The life of a trading system on Forex Factory

Learning how to trade through research = 10 years (total & still learning) Developing proprietary indicators = 10 years Developing proprietary trading systems = 8 years Profitability across various forms of signals = 2 years Profitability across a ...

The life of a trading system on Forex Factory

The rules for TA are only difficult, when not understood. It is not the rules in and of themselves that are difficult, but designing the trade logic that wraps the rules together, is what many people find challenging. Here are some visual rules: ...

Do Software Developers Make Better Traders?

Yes.

Has anyone opened an offshore corporation or LLC for forex trading?

No doubt, one of the most powerful 1hr presentations on Traders psychology that I have personally seen. Aside from the sales pitch at the end of the presentation which I do not endorse (having said that - it would be more than well worth the money ...

Lesson from the Top (Videos Thread)

More than anything, this was about putting on a television production and not real trading. These people were asked to learn a new profession, in an impossible time frame. You just can't pull the average person in off the street and teach them this ...

Do Software Developers Make Better Traders?

Having a mathematics background helps because it allows you to contemplate the exploration of data in ways that might not otherwise be available to the trader. Beyond enhancing the creative exploration of data, advanced math seems (at least in my ...

Do Software Developers Make Better Traders?

Left Brain/Right Brain syllogisms are well known by now. image An "amazing trader" is definitely a goal worth shooting for, no doubt.

Do Software Developers Make Better Traders?

I would agree with everything you stated more or less, but would also take a different track on using a Multi-Bot approach. My entire trading system is too complex for MQL to handle, for a number of good reasons. So, I've recently begun taking some ...

Do Software Developers Make Better Traders?

That was a very interesting video. I had heard about the MT4 Dealer Plug-In before, but had not heard that someone had produced an MT4 monitor for detecting such things as spread widening that was out of normal spread patterns. I'll have to take a ...

Do Software Developers Make Better Traders?