Splexin's Posts - Page 4

fx revolution coming soon to your trading platform in Experienced Traders Oct 21, 2011 at 13:35

fx revolution coming soon to your trading platform in Experienced Traders Oct 21, 2011 at 12:13

LOL...and all on demo........When I had a demo account I traded up to 40% in 8 days with less than 2% drawdown....11 trades at very low risk and using less than 1:10 leverage. I did not win every trade (70% win) but did have a nice 3:1 reward/risk ratio. 30 pip SL and 100 pip TP. 20 trades and no losers? Are you using a stop loss?

Stop Hunting (I think) Got Me in Experienced Traders Sep 22, 2011 at 12:56

You must've read my mind because I was thinking about this. But I mean is it truly effective? When I add SL and TP to an order on my platform, it goes straight to the server, so even if the platform freezes or my computer fails those points are still in place. What happens if the EA stops working or platform freezes (preventing EA from working).....suddenly now you have no SL at all.

Stop Hunting (I think) Got Me in Experienced Traders Sep 21, 2011 at 21:38

I read that ATC is a IB for FXCM....which as you may/may not know was recently fined $2 million for slippage malpractices. Any comments on that? I still might give them a try.

Stop Hunting (I think) Got Me in Experienced Traders Sep 21, 2011 at 21:15

I have more than $5K and I do not need hedging. The thing is some ECNs charge spread + commission. I would rather pay one or the other. If they charge commission then why do they need to charge spread and likewise.

Stop Hunting (I think) Got Me in Experienced Traders Sep 21, 2011 at 19:55

SL: 30-40 (adjusting position size accordingly, I risk 2% or less)TP: 75-100 (if exceed, move SL to break-even and let profits run)

Stop Hunting (I think) Got Me in Experienced Traders Sep 21, 2011 at 19:51

I'm U.S.-based so trading style isn't really an issue. We've got restrictions galore including 50:1 leverage. I don't trade robots. I don't trade news. Just a simple intraday system. But I prefer a broker with low-spreads yet high reputation. Someone who isn't going to take my thousands of dollars and run away. That's why I like Oanda. They're pretty simple.

Stop Hunting (I think) Got Me in Experienced Traders Sep 21, 2011 at 19:42

Recommend best ECN? I've looked at commission brokers before but most have spread also, and their spread is not any lower than my current broker's spread. I'm at OANDA btw....I like them a lot but sometimes I think they stop-hunt.

Stop Hunting (I think) Got Me in Experienced Traders Sep 21, 2011 at 19:34

Today I just had to scream. Placed a Sell order. Stop loss put at 1.38 EUR/USD....first mistake was putting it at round number (wanted to move it, but alas went on lunch break instead). Of course you know what happened to EUR/USD after that. My target was 1.3660. Just over a 100 pips in an hour...which would've made my day. Keep in mind that this wasn't a "news trade." I had previously placed a Sell Limit order last night and it was only recently triggered. Had nothing to do with FOMC.I sat there and argued with my broker that the High for the hour only registered at 1.37982....

Obama’s Dodd-Frank Act - How can a US Resident use better trading conditions. in General Sep 13, 2011 at 17:50

I'm sorry but I can't help but laugh at "sinister limit.""Trading strategies used by many traders requires 1:200 and even higher" <---- Oh yeah...you mean gambling, arbitraging or scalping??Honestly I do not like additional regulation any more than the next guy, but 1:50 leverage is PLENTY enough to keep a trader profitable. I actually trade on 1:10 leverage (most positions 1:5) and forex is my full-time job. And I started with $1500. I do on occasion risk more by employing 1:20 or 1:30 leverage, but anything more than 1:50 is really foolish and risking too much...

Contest - mirusevxs33 in Trading Systems Sep 06, 2011 at 17:47

I was about to ask how do you ever take the time to poop....then I saw it's Automated 😁

Successful Trading on Demo Account vs Live Account in New Traders Sep 06, 2011 at 12:26

Maybe so, but I have taken trades where I thought the spread would be covered but after trade execution completed that was not the case. The thing is, taking only 1 pip profit is not really enough breathing space and I have yet to see a martingale that survives the long-term. Have you tried taking 2 pips, or perhaps 5?I might be somewhat biased, as even my worst winning trades usually bag 50 pips or more.

Successful Trading on Demo Account vs Live Account in New Traders Sep 05, 2011 at 17:12

1. Spread99% certain that this system would not profit in long-term on real account.

Tracking manual oanda account? in General Sep 03, 2011 at 20:41

Correct.No, open orders placed on FX Trade do not aggregate to MT4, and I am unaware of any method that would allow it to do so; however, open orders placed on MT4 will aggregate to FX Trade.

Tracking manual oanda account? in General Sep 03, 2011 at 12:13

I am not 100% sure about the upper/lower slippage limits...Oanda's MT4 does not have slippage section...and I never use it even on FX Trade since quotes are usually quick and accurate enough. But I do know that if you place a limit order on FX Trade then it is stored on server and once it activates it will show up on MT4 as open order regardless of initial parameters. Yes you can trade whatever you want in FX Trade, and it will just show up as fractional in MT4. For example, 150000 in FX Trade would show up as 1.5 in MT4; 10000 would show up as 0.10, 1000 would show up as 0.01, etc. MT4 al...

fibionacci retracement in New Traders Sep 02, 2011 at 20:29

I love Fibs.....also look into S/R levels and pivot points.....indicator called AutoPivot is great. You can also find one called AutoFibo that draws Fibonacci for you and highlights retracement area....

$6K Practice ($6K Real) in Trading Systems Aug 21, 2011 at 01:27

Following weeks of calculations and observations, I demonstrated a gain of 35% in 8 days on a $10,000 account (1:50 leverage) risking 2-3% per trade using my manual trading system. I profited $2,000 in the first three days alone; an extraordinary figure yes, but then again, I am convinced my system is extraordinary when followed with patience. It is not a perfect system but with a R/R ratio of 2.25:1 and max risk-per-trade @ 2%-3% it is optimized to withstand losing streaks. I have also tested with real money.This week I established a $4,000 demo account (same broker, leverage, etc) to prep fo...

Upcoming Contest Q&A in General Aug 17, 2011 at 20:10

BAHAHA! This totally made my day! 😁Looking forward to the competition, though I'm in U.S. I still like to play for fun. I don't really see it as a contest though...more like a gambling opportunity. Realistically not very many people can throw in $50,000 for a real account and high leverage really has no logic other than deceiving people into thinking they can "get rich quick" with less money.I think all the FX contests here should be based on a scoring system. In other words, you get so many points for gain, so many points for drawdown, profit factor, etc etc. Alpari&...

hello everybody,, in General Aug 11, 2011 at 12:38

Looks good except you're not using SL or TP. In my opinion, for manual trading using one is a must. But, at least you are not over-leveraging, like many newbies make the mistake of doing. I also recommend trading demo with the same amount as you will be depositing live. If you trade on a $10,000 demo account but can only put $1,000 into a live account then your results will be very different. I have learned this from experience.

Tracking manual oanda account? in General Aug 05, 2011 at 14:08

Yes, MyFxBook will collect all previous history, but only from your MT4-enabled OANDA account. In other words, if you have traded on a primary account and then create a MT4-enabled sub account then only trades made on the MT4-enable account will aggregate.

All Quotes
AUDUSD	0.6522	USDCHF	0.91266
EURJPY	166.797	EURCHF	0.9789
EURGBP	0.8575	GBPJPY	194.471
EURUSD	1.07242	GBPUSD	1.25026
USDJPY	155.546	USDCAD	1.3654

EURUSD	1.07242	GBPUSD	1.25026
USDJPY	155.546	USDCAD	1.3654

Posts by forex_trader_33781