Yea, I know the feeling

Here is a good practice. For every trade we have a good odd of price hitting the TP within 24 hours (~94%) but for whatever reason, soon after you placing the order you realize that you violated one of the rules. Close the trade no matter if its in profit or loss (most likely in a loss). Soon you should see that the…[Read more]

Yea, I know the feeling

Here is a good practice. For every trade we have a good odd of price hitting the TP within 24 hours (~94%) but for whatever reason, soon after you placing the order you realize that you violated one of the rules. Close the trade no matter if its in profit or loss (most likely in a loss). Soon you should see that the…[Read more]

Yea, the start date/time of the account was a little off. I had closed trades in there from a previous system. I uploaded a screenshot reflecting trades just based on this system. Average duration dropped to about 2hrs. I have a few bad habits so I had a few “bad entries” where I had to wait 4-6hrs for that really threw off those short quick…[Read more]

I’m working on a couple of indicators based on multi currency money flow. Don’t have anything significant yet worth sharing

Hi all,

Here is the result of my trading thus far. It’s working out pretty well. I placed a pretty bad trade that caused a 30% draw down but lesson learned. This is why its important demo trade with this system or start with a very small account size that you don’t mind losing. It will take time to master just like anything.

Green pips and good…[Read more]

Hi all,

Here is the result of my trading thus far. It’s working out pretty well. I placed a pretty bad trade that caused a 30% draw down but lesson learned. This is why its important demo trade with this system or start with a very small account size that you don’t mind losing. It will take time to master just like anything.

Green pips and good…[Read more]

No, you need to have large amount of funds, I’m talking about at least $200k etc to justify the initial costs of dealing with the inter-banks. They cost a lot per month just for the trading terminals.

Also I want to make something clear, the tick data can be a bit misleading. Because you only need a few ticks in a raw the wipe out an entire…[Read more]

This I think is a worthy idea to explore further. I also ran into this thread last year and spend a few months working on it and spent a lot of hours. I had a script communicating with a Node.js script I wrote and MT4. I wasn’t able to reproduce good results. Sometimes it was good at predicting news but other times it gave false signals. It could…[Read more]

This I think is a worthy idea to explore further. I also ran into this thread last year and spend a few months working on it and spent a lot of hours. I had a script communicating with a Node.js script I wrote and MT4. I wasn’t able to reproduce good results.

Here is the answer:
Success Count:3609957 Fail Count:130043 Success p: 96.5%
This is for a TP of 0.20% per trade giving myself 250pips before a margin call of 50% of account value.

If you were to take 100 trades, 96.5 will hit 20pip TP and 3.5 will margin call. If one were to ignore compounding, meaning each trade one would take a fixed .20% TP…[Read more]

Here is the answer:
Success Count:3609957 Fail Count:130043 Success p: 96.5%
This is for a TP of 0.20% per trade giving myself 250pips before a margin call of 50% of account value.

If you were to take 100 trades, 96.5 will hit 20pip TP and 3.5 will margin call. If one were to ignore compounding, meaning each trade one would take a fixed .20% TP…[Read more]

Based on your math (which looks correct for the most part), this looks like a holy grail system! I appreciate you taking the time to demonstrate this.

You don’t need a broker. Time to find some investments and trade directly with the inter-banks and pay a very tiny commission. Just send me 1% of the millions you make each year as a “thank…[Read more]

Based on your math (which looks correct for the most part), this looks like a holy grail system! I appreciate you taking the time to demonstrate this.

You don’t need a broker. Time to find some investments and trade directly with the inter-banks and pay a very tiny commission. Just send me 1% of the millions you make each year as a “thank…[Read more]

Thank you so much for the quote! It was an interesting read.

This gave me an idea! Let’s say that I had 2 accounts, each with $100. I go long on one account and short on the other with a lot size equal to 1pip = 0.5% of the account. Now, what is the probability that both will hit 20pip TP before one margin calls, what about for 10pips? I d…[Read more]

Thank you so much for the quote! It was an interesting read.

This gave me an idea! Let’s say that I had 2 accounts, each with $100. I go long on one account and short on the other with a lot size equal to 1pip = 0.5% of the account. Now, what is the probability that both will hit 20pip TP before one margin calls, what about for 10pips? I d…[Read more]

Thank you so much for the quote! It was an interesting read.

This gave me an idea! Let’s say that I had 2 accounts, each with $100. I go long on one account and short on the other with a lot size equal to 1pip = 0.5% of the account. Now, what is the probability that both will hit 20pip TP before one margin calls, what about for 10pips? I don’t…[Read more]

Thank you so much for the quote! It was an interesting read.

This gave me an idea! Let’s say that I had 2 accounts, each with $100. I go long on one account and short on the other with a lot size equal to 1pip = 0.5% of the account. Now, what is the probability that both will hit 20pip TP before one margin calls, what about for 10pips? I don’t…[Read more]

There is 94% chance that the price will move to 1.40 AND 1.4006 within 24 hours

That’s a very interesting question! This is a bit similar to what I did with Zelo a while back with price levels. To answer your question, one would need to run some statistics. The probability would change when you make it conditional because you are no longer…[Read more]

More good news guys!!

Before the 94% with 3pip TP was for a trade ending within 24 hours. I now caculated the probability ignoring the time but for actual pip draw down of 100. The 100 pip draw down is when an Oanda 1:50 margin would have a margin call assuming each trade made 0.5% with 1pip TP (this is actually not possible with 1:50 margin, in…[Read more]

More good news guys!!

Before the 94% with 3pip TP was for a trade ending within 24 hours. I now caculated the probability ignoring the time but for actual pip draw down of 100. The 100 pip draw down is when an Oanda 1:50 margin would have a margin call assuming each trade made 0.5% with 1pip TP (this is actually not possible with 1:50 margin, in…[Read more]