I compared the MACD in MT4 with TradeStation for the same set of data, and same settings. It looks like the one line that shows up is the smoothed line (ie: the one that lags to the right side of the other line). Histogram looks the same.

Understanding Indicators

I think it's a satisfactory set up. Plug in those numbers into this simple monte carlo generator, set the number of iterations to 1000 lines or greater, and you can see a nice upward slope.

Is this a satisfatory setup?

Y'know, I think it was that same exact same issue of Futures magazine that got me interested in FOREX. I probably still have it around somewhere.

How long you been at this?

My father was an executive for UPS and I had a crap load of stock that tripled overnight in price when they finally went public in 1999. A few years later, my trading adventure began (Oct 2002), when I leveraged the stock's value to sell naked puts ...

How long you been at this?

Sort of... LBR named her indicator "Holy Grail", but it was in sort of a jocular manner because while it seemed to always have a profit, it rarely showed a signal, and it didn't catch the exact tops and bottoms of trends. A true "Holy Grail" ...

The HOLY GRAIL

It's a term used for the perfect indicator: one that never loses and catches the most amount of profit available in the market. Since such an indicator is impossible, some traders apply the term to a perfect methodology or money management strategy. ...

The HOLY GRAIL

Well at least we're not doing it in any temples. Unless someone has the bright idea of bringing their laptop to a Wednesday night Mass to trade the Asian session.

Is trading Forex immoral??

The way I see it, I have zero risk... so if I don't get the $1m, what did I lose? Nothing... what's the big deal? But trading doesn't really work that way: every time we enter the market there is the potential of losing money at any time. Saying ...

Money Management..keeping the money...

As for taking profits out of my gains, I simply divide what I made by three: one part stays in the account to compound, one part stays in the account but will be taken out when taxes are due, and one part goes into my pocket. Also, I believe ...

Money Management..keeping the money...

For myself, I would take the 10% chance of $1m. The reason why is that reward has both a higher absolute value ($1m) and theoretical value ($100k) for zero risk. Sure, you could say I risked my life in saving the child, but that event had already ...

Money Management..keeping the money...

Close EMA. The only thing an Open EMA does is lag the indicator one bar. Trust me... I've tested it a few times in the past.

Cornflower Hourly System

Yeah, I tested for the Series 65, but got too lazy to actually register for the license. As I said in my previous post, once you start charging a fee, or collecting money to manage accounts, this is when licensing becomes an issue. You ...

Forex Taxes

Except that governments don't print money, and most currencies are no longer backed by precious metals (ie: gold, silver) like they were in the past. Money is created by central banks leveraging debt. For every dollar that you deposit at your local ...

Is trading Forex immoral??

As I said in this post, if you have more indicators on your chart than articles of clothing you wear on an average day, then something's wrong with your method. It boggles my mind how some people try to "confirm" one indicator with a half a dozen, ...

The HOLY GRAIL

Why did you stop the monkey method?

Finally Naked

I think a majority of the 95% who are proved to be losers are also the type to bury themselves under indicators. There's nothing wrong with a little "window dressing" on your charts, but when you have more than three or four indicators, you're ...

Finally Naked

You don't need a license to trade any account that is not yours in US: stock, future, forex, etc. The only thing you need is for the account holder(s) to sign an LPOA agreement... and you do it for free. When you start charging fees to the account ...

Forex Taxes

Again, I'm going to pull out the weatherman analogy. Weathermen are not in the business of predicting weather, they're in the business of forecasting weather. The slight difference is that the latter involves probability. A typical weather forecast ...

Technical analysts are very confused

Really. Get rid of those oscillators and you can have twice as many charts!

Cornflower Hourly System

Actually, I know a futures trader who traded for a year and a half without a loss. However, he only placed roughly thirty trades in that amount of time. The way he put it, "I can trade by newspaper if I have to."

Technical analysts are very confused