Majority of traders use indicators, in a evergoing cycle of fine tuning, combining, searching. Majority of traders loose. Can anybody see a connection?

How many of Technical Analysis based systems are junk?

Simple proof of an indicator working would be a back tested system based on it, over a really long time span (that could be a 1 to dozens of years depending on what time frame the system operates in) I doubt there is one, or a combination. Another ...

How many of Technical Analysis based systems are junk?

My advice, do not continue adding filters or changing the parameters of your system. First get really used to whatever you are using and then, after you're comfortable with it, if you really feel that adding a filter will help, do so. Most traders ...

4hr Parabolic sar working well

Well, this wasn't the best day, but life goes on. So after that loss of 20 pips combined, i've made back 2 on a news trade I did not see many othe opportunities to trade to be honest. I wanted to try another long on the pound, but my confidence ...

A Trading Experiment

Well, i've finished my first trade. I entered long on at 2.0035, at the time conditions looked good. Original S/L was at 10 pips. The trade went in my direction and i was seeing 5 or 6 pips profit. Should have trailed the stop/loss behind but did ...

A Trading Experiment

Try {link Removed} , they have mt4 pro, very professional!

Range of instruments?

Update Thursday 19th: I only saw one good signal for entry, and that was Sell (GBP/USD) at 7:30, i did not take it as the price was close to the phsycological 2.00 level. Was a good decision it seems. I've missed a great trade on USD/JPY a GBP/JPY, ...

A Trading Experiment

Another piece of advice for those of you who care to listen. Try to avoid small profit targets: eg 10-20 pips, unless you have a rock solid method of catching such small price movements, but then you would not need much advice anyway. When you are ...

A Trading Experiment

OFC there is slippage, it's just that when you trade an exchanged product, you will never get an off-market quote, because you are trading "the" market. Not some b/s, "anything can happen market2 like the one currenex is giving access to. And if you ...

250 pips slippage on Currenex - ODL Securities

Well, all i have to say is that i'm now moving into the futures market. I just don't want to deal with this forex b/s anymore. I might open a small account with some retail broker to do a trade every now and then. Turbo is keeping his order, ...

250 pips slippage on Currenex - ODL Securities

the initial spike, and any price action right after the news release. The prices that are quoted must be derived in some sort of way, surely they are not random.

How does the price adjust after the News?!

I wasn't using the ESP, but another guy i know had it on, and he still got slipped, but i'm not sure what happened there.

250 pips slippage on Currenex - ODL Securities

To Darkstar, I would like to point out something else to you, in regards to why i think trades off the market should all be busted. Imagine you have a stop loss order 50 pips away from the current price for example, and for whatever reason liquidity ...

250 pips slippage on Currenex - ODL Securities

Thanks for your advice Darkstar. I'll keep this post updated. I also forgot to mention, i've talked to my other Currenex broker, and they have had a similar situation also. Basically they've told me that if the banks are allowed to offer any price ...

250 pips slippage on Currenex - ODL Securities

Hey Darky, I do agree with you but as i've said earlier, a client of a brokerage firm is supposed to be trading on a forex market. Market at which there is a certain price level - interbank (which is reflected by EBS feed, because this is where the ...

250 pips slippage on Currenex - ODL Securities

I was trading 2 mil, part of the order got filled at 1.5435 and then rest at 1.5661. ODL have also told me that I was "lucky" as someone got filled at 1.6000 which is close to 600 pips slippage. I hope they were joking.

250 pips slippage on Currenex - ODL Securities

Merlin, Actually, in a very strange way, i think it's quite likely to be turbo, where else would the 1.5661 come from, to the pip? But if it's not, i can call currenex directly, or odl for couterparty details.

250 pips slippage on Currenex - ODL Securities

Basically if I and Turbo can match out trade IDs, that means he was the couterparty. P.S I was thinking about how i can argue my case if at all. The only problem i see with such a trade that, if take to extreme, this means banks could enforce ...

250 pips slippage on Currenex - ODL Securities