SharePosts by tumbleweed
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He is still trading. He got caught in a central bank manipulation, as we all have. The stops just need to be tightened to avoid catastrophic draw downs. It is probably a good idea to be very cautious now as currency wars are taking place and central banks are debasing their currencies ahead of the anticipated U.S. QE2.
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The BOJ will continue to weaken its currency over the next several weeks. Their exporting companies are not making enough if any money with the yen at its current level. Therefore, the USD/JPY will rise and the GBP/JPY will rise as will other yen currency crosses. This will continue until the market catches on and then the yen could become higher than it is now.
Google Translator
Банк Японии будет продолжать осла&......
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The results displayed on myfxbook.com look very good. Do you have plans to release a new EA which reflects the combination of Overdrive and Revolution? An adjustable or tighter stop loss would be appreciated as a 328 pip stop loss could result in a margin call.
A very low percentage of account equity would have to be used per trade to withstand a 328 pip stop. Can you control stops with risk settings? It would be educational to review results based upon the various risk settings. You surely have a winning strategy.
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Arbatov, I just want to give you some words of encouragement after the large draw down. You have a good strategy as you have proven over the past two months. It is not necessary to achieve huge profits of a thousand or thousands of percent within a year to be successful. If you will tweak your trading strategy to reduce risk and yet have good returns, it will pay very well in the long term. A good return with Forex is 10% per month. If you achieve 50% to 100% per month consistently, you will make yourself and your investors so much money within 3 years, that you will not know what to do wi......
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I have been watching this robot for a few months on bestforexrobots.net and Forex Tool Shop, and now, myfxbook.com. Yes, bestforexrobots reflects a 328 stop loss per the EUR/USD, but overall results are not bad. The account is currently in a fairly large draw-down. This robot could blow an account, and in fact the balance did go below zero in testing at bestforexrobots.net Forex peace army reflects profit at something over 5% per month. I don't understand the difference in profit from so many sites and brokers. If the developer is running this EA in combination with another, for myfxbook......
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The daily chart reflects what appears the formation of an extinguishment candle, CCI: 280 at peak, now 236, (an historic high since chart begins in April 2010) Stochastics: 95, RSI: 62 (another high for period). It may roll over. I too, have been caught in a Central Bank manipulation on the JPY. It is best to exit when the candle pierces the moving average lines against you; especially when a parabolic sar forms in the opposite position to yours. The bankers trade the 4 hour time frame. They have been in this long position for a while, now; lets hope they let it wind down. If you are t......
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Yes, its possible. I had a lot of fun trading this pair during the Asian session, years ago. The trick is a lightning fast execution and ECN. Steve, please let me know when you release the final version. And, thank you for your contributions to myfxbook.com
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Oversubsribed. It did not work as represented and got my money back from Clickbank.
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Their customer service is great. At the time I was trading they were changing their platform over to a new version and it had bugs they were trying to work through. The indicators would dissapear or the colors would partially or all change to yellow. There were some requotes during volatile markets.
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Some of the tightest spreads in the industry. IB has an excellent reputation, but it is not for the new trader. They neglected to tell me they shut their platform down at night for maintenance. Since my programmers wrote a program to specifically trade on their API, this was a major disappointment. So, it is not for automated trading, until they can get around this issue. Also, the API kept disconnecting. A real bummer. If you trade manually and have your own platform or are willing to lease one of the platforms they offer, this could be a good choice. They offer trading stocks, opt......
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