compuforexpamm's Posts

DIVERGENCE EA ERROR in Programming Sep 19 2022 at 16:18

DaxBot V2.1 VantageFX in Trading Systems Oct 31 2020 at 09:33

@Peele_Sanders This is actually quite a good robot. There is an element of doubling up but I am very comfortable with the way it is done. I am trading it on my 10k account and it does very well. It will still show me teeth and take a 30% bite out of the account but that will take me about 10 days to recover from. It will not blow the account overnight like a traditional martingale.The stoploss is 5x TP but it is a bit more sophisticated than that, using a trend change to exit. I have had 1 full stoploss in 102 trades and ended -0.05% for the day that time.By all means, do not waste your time t...

Help with MT4 in New Traders Sep 17 2020 at 09:11

There is a way where you can partially achieve this.If you have a buy that you want to scale out of, you can set a pending order for a sell ie a sell limit order at your TP.Then you can close both the buy and the sell at your leisure when you return to your computer. I would suggest you find a broker that supports "Order Close By" which will allow you to close the hedge with no commission or spread costs which is the same as having closed the order in the first place.In terms of the move to break even, look for a good trade manager EA that can achieve the functions you seek. Forex Fa...

Choosing the Right Broker in General Sep 11 2020 at 11:55

I have used both and they are both good brokers. I would tend to favour FP markets a bit as their swaps seem to be slightly better, but you won't go wrong with either.

Notification when there's no open trades? in New Traders Aug 20 2020 at 10:27

Ah, I forgot to mention, I made a small modification to the EA, so download it again from my last post.

Notification when there's no open trades? in New Traders Aug 20 2020 at 10:25

Hi,1. Yes exactly. In fact with the notifications turned on, you should get a notification straight away showing the trade status, So if there are no trades you will get a "All Trades Closed" message. If there is a trade open it will tell you that a new trade is open. 2. The EA will tell you 2 things :- a. When you go from 1 trade(or more) to no trades at all, and; b. when you go from no trades at all to 1 trade or more(it only reports the first trade).You can disable the notifications that you don't want, so if you don't want to be notified of a new trade...

Notification when there's no open trades? in New Traders Aug 20 2020 at 07:12

Hi,Yes you place your Metaquote ID into the terminal. To get your Metaquotes ID, open MT4 on your iPhone and select the setting button on the bottom right. Select Chats & Messageshttps://www.myfxbook.com/files/compuforexpamm/Metaquotes_ID1.jpgYour MQID is located at the bottom of the screenhttps://www.myfxbook.com/files/compuforexpamm/Metaquotes_ID1.jpgFrom there go to MT4 on your computer, select Tool from the top menu bar, and then select Options. On the dialogue that opens, select the Notifications tab and drop your MQID into the place for it.https://www.myfxbook.com/files/compuforexpam...

Notification when there's no open trades? in New Traders Aug 19 2020 at 14:56

Here you go.Drop it on any chart. Make sure the MT4 terminal is configured to send notifications or emails.

Market Impact of limit and stop orders untill executed. in Experienced Traders Aug 18 2020 at 05:52

Ok, I stand corrected.I do have some reservations though.......that study is over 10 years old, so I'm not sure how things would have changed with today's technology. Also I have reservations about applicability to the FX market, given the size and decentralised nature, relative to the market that they studied.

Bonus and Brokers in General Aug 14 2020 at 13:55

Actually be very careful where you take your recommendations from. There are many "review" sites that are simply undercover Introducing Brokers. They provide what looks like an objective review and/or analysis but actually don't care which broker you choose because they get paid by all of them.You also need to take a lot of reviews with a pinch of salt. If you see enough of complaints you will understand that forex has a bigger share of idiots than most places. Unfortunately these idiots tend to be quite vocal and shout down a lot of the good brokers. I mean literally calling a b...

Bonus and Brokers in General Aug 05 2020 at 12:17

A somewhat over cynical view. The reality is not that bad. Bonuses are a marketing tool for sure. A broker is a business after all and of course they use things like bonuses to lure people. It's no different to any other form of marketing.The problem with bonuses are two fold :-1. It is hardly ever possible to trade the volumes required to withdraw the bonus, especially for newbies. 2. Most traders don't read the terms and conditions and they end up claiming the broker is a scam because they did not understand that the bonus is not free money.I think both the Australians & ESMA hav...

Query about "Gap of pips from market price for ny modification on open orders" in General Jul 25 2020 at 14:20

Actually, I see Exness has stop levels on EURUSD. I think they are a great broker but I would not use them for scalping for example.

Query about "Gap of pips from market price for ny modification on open orders" in General Jul 24 2020 at 17:19

@saurabh_suman, just to be clear, I said that I will be more understanding if the is a stop level on a high volatility pair, but I don't like to see it on majors like EURUSD.I have several brokers that I use that I am happy with. Here is the list in no particular order :-Tickmill UK, Think Markets, IC Markets, Pepperstone, Activtrades, Exness, FP Markets, FBS, Orbex, FXPrimus, FxPro, Axitrader, FXTM, Alpari and Hotforex, Roboforex. FXTM & Alpari appear to be the same company.IC Markets in conjunction with FXPayback is great because it brings the commission down. Alternatively the VIP a...

Query about "Gap of pips from market price for ny modification on open orders" in General Jul 24 2020 at 06:14

I don't know where brokers get it from, but I am not aware that it changes but I suppose it is possible. It is presumably a function of the volatility of the instrument involved. I'm sure if you just browse your brokers, you will find any TRY pair would have a relatively large stop level. I generally avoid brokers that have stop levels greater than zero on something like EURUSD because to my mind it says that they have issues executing you trades. But I would be more understanding if they have a stop level on the EURTRY, for example. This is anecdotal evidence however.....I can't p...

Query about "Gap of pips from market price for ny modification on open orders" in General Jul 24 2020 at 06:08

Hi,It's called stop level and it differs from broker to broker as well as from instrument to instrument.You can find the exact specification in MT4 by right-clicking on the instrument in the market watch window. See attached screenshot.https://www.myfxbook.com/files/compuforexpamm/Market_watch.jpgSelect "Specification" from the context menu that appears and a box will appear showing all the contract specifications, including the stop level. See second screenshot.https://www.myfxbook.com/files/compuforexpamm/specifications.JPG

"Contract size in New Traders Jul 20 2020 at 07:41

I don't know about the calculator but I the contract size is different at different brokers.Generally when dealing with Forex, the contract size is the same everywhere, ie 1 lot = 100 000 units. With the advent of CFD's for commodities, Indexes, Crypto, and so on, they have had to get creative with what 1 lot is.You can imagine 100 000 units of bitcoin is hardly a practical size as BTC costs close to $10 000(or whatever it's price is today). BTC will therefore , generally have a contract size of 1.Because there is no real definition of what 1 lot is outside of forex, brokers are fr...

Market Impact of limit and stop orders untill executed. in Experienced Traders Jul 15 2020 at 17:55

Unfortunately not. Great question though.Price only changes when a transaction occurs. So an offer means nothing unless it is accepted. You may have a car that you value highly but you won't know the true value until someone hands you cash for it and the value then becomes that price that you exchanged at, not what you had in your mind, or advertised.Now clusters of orders(stop or limit) will affect behaviour of price action when triggered. Stop orders(normal stop orders & stoplosses) will trigger a run of pricing as they are often clustered together(fibonacci, last bar high.low, etc)....

Best Broker in General Jul 08 2020 at 04:58

Actually, FXTM is ok for managed accounts. I have some "throw-away" money with Alpari(they are the same company as FXTM) in a managed account that is doing ok.

Best Broker in General Jul 06 2020 at 11:43

I use all 4 and they are all good. My preference is for IC markets in conjunction with Paybackfx. FP Markets is a close second followed by the other 2.

Tickmill in Brokers Jan 03 2019 at 09:12

I have been trading with Tickmill for just under a year. I am more than happy to recommend them. Different things are important to different traders and for me it is the speed of deposit and withdrawal. In my case, I have found that their withdrawals are prompt, often within a couple of hours. Great broker.

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All Quotes
AUDUSD	0.661	USDCHF	0.90449
EURJPY	149.541	EURCHF	0.97355
EURGBP	0.85917	GBPJPY	174.049
EURUSD	1.07628	GBPUSD	1.25268
USDJPY	138.945	USDCAD	1.34271

EURUSD	1.07628	GBPUSD	1.25268
USDJPY	138.945	USDCAD	1.34271

Posts by kennyhubbard