no your not missing anything, its just a very lame policy that allows them to take money out of traders pockets with no risk to them. If they honored stops the same way it would be a different story. Anyway I am done complaining. Thanks for listening.
That is right, but they had the nerve to fill both short orders at the exact same time at 2 different prices, that were 30 pips apart and 50 points above market. Basically I took the risk, they took the reward.
The EURUSD just gapped down over 50 pips, I had 2 systems that were short over the weekend, the girl informs me that Profit Targets are guaranteed, but Stop Losses are not. How convenient for them. I hope they buy something nice with my money.
my 2 cents.....
If every time you are loosing a trade you average down, you prevent yourself from being wrong, thus inhibiting your growth as a trader. Being a good trader = being good at taking losses.
In essence we are cutting off the feedback from the markets when we do this...
In the past I used this program called market system analyzer to compute the correlations in a basket of systems. Works decent and you can monitor equity curves as well. My systems run about the same edge as yours basically 60 percent with equal target and stop. Good luck
think about a roulette wheel with 2 green spaces representing the the spread. Vegas makes buildings off those.
Even with a 20 point target your at at 10 percent disadvantage. Go for larger time frames.
I find the target approach is the only thing that worked for me as well. The reward is often how much free time you have after you hit the target. Many days I was done after the first couple hours.
I got laid off from a job once and while I was looking for a job I started trading doing...
yea, I did a few years back when I was trading stocks. He is amazing, has great set ups every day, and another great feature is the chat room. some really good traders in their calling shots. I made something like 300 percent in like 3-4 months. granted i was gun slinging. I trade totally...
Someone who is good at trading has no need whatsoever to charge for advice. It is simply a waste of time. It is so boring listening to spammers trying to sell snake oil. I have worked for some of the most "famous" stock traders in the world, programming systems, and doing market research...
I use 100 tick, 1 min, 2 min charts. As far as the frequency, over 8 trades a day on the same instrument. I do not have a CME membership so I cannot scalp a few ticks. I am going for a couple of points on average. I normally have about 10-15 trades a day.
Hello all, I wanted to start a thread for filters, basically the narrowing of down of a trading system from a core amount of trades.
An example would be a speed filter like
z= absvalue(c-c[1]);
if [conditions] and z > z[1] then.......
I think this was in an old stocks and commodities...