Posts by TheCyclist
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Good luck with that, good result so far, but not my cup of tea.
The only other broker I could find that offers anywhere near those trade sizes was Instaforex, and I wouldn't touch them with a barge pole. The reviews are so bad...
Where, there's no one doing those trade sizes. It's was IBFX or Oanda. That's that. As for the trade sizes, it's the ratio. On that amount of money only take one or two more steps this account is gone. I mean it's not a lot of money, heck I'll take a chance. If you make 6 monnths you're a gazillionare, but the big markets are coming, not always going to be quiet like this...
The results are great, but it looks super risky, the trade size range for just today was from 0.01 lots to 0.99 lots. Yikes ! What are you going to do in 2 weeks when IBFX is no more ?
Johnpaul77 In General Sep 11 at 21:16
Wasn't a scam. They did well for a lot of people for many years. But the volatility went to 7 year lows, it's been nearly impossible to make money lately, EurUsd is having 50 pip ranges for days at a time. Easy mistake to make if you have 10 or 20 thousand clients screaming for trades. Go too heavy, first volatility that comes along - WHAM...! And there you are contemplating your belly button wondering where the hell your life went. Going to be a long road back for them. And clearly they got properly ***** by their broker just to add to their troubles. The one thing I am getting from ......
Johnpaul77 In General Sep 11 at 20:10
Did you guys work out what they were earning ? I did, was over $40 000 a month between the four of them, excluding their own trading income.
Forex
Anybody from SA? In General Sep 08 at 16:23
Cape Town, now living in Thailand...
http://forex-strategies-revealed.com/mt4/trailing-stop-eas E-trailing is what you're looking for, it's the first one. Just run it on a separate chart as a separate EA...
MT will give a different result on the same data depending if you're online or offline. It will give a different result on a different machine which uses a different processor. It does make up data if it doesn't have any. And it goes almost without saying it will give a different result on different brokers. I've never been able to match a days trading to a back test for the same period. So the MT back testing you can throw in the dustbin. Don't waste your time. It's got little use other than to see if the code more or less works. Depending your skill level you'd be much better off using......
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