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You could learn a lot from triple A and Mav's posts. Bottom line is that using scaling (in or out) should be based on whether scaling improves or worsens your net performance and NOT on common sense (which often turns out to be wrong).

Yes exactly. There are some traders who vary trade size based on % of equity. The net effect is that they trade smaller after losses and bigger after gains. I don't do that because of the equity drag it introduces, and that was what I was trying to illustrate in the previously posted example...

Miami: I like to think this is a technical glitch and not intentional on IB's part. Maybe I'm being naive. If IB really wanted to fix this they could open an account and throw several K in it. Then have one of their techs put in limit orders on IdealPro near or at the best bid/ask at...

Let me try to add something to this thread. Acrary in one of his very insightful posts talked about "drag" that can be introduced in an equity curve by reducing trade size after losses. As a result I always keep my trade size constant until after a new equity high, when I am free to increase or...

Excellent points. I've been studying the weekly charts of late also to get more perspective on the magnitude and character of the moves we've been seeing in EUR/USD. And I think your forex proverb speaks the truth about the macro level of participation. Thanks for the insights.

If you're losing money 1:1 leverage is too high.

You're going for a home run. 200-300 pips happens how often exactly and how long does it take for the trade to unfold? With 30-60 pip stops you'll probably have a win rate somewhere in the neighborhood of 20%. With that low a win rate you can have 20-30 consecutive losses easily and the method...

Once you start making money with FXCM you'll probably want to close your account as you'll start seeing those things. Forex is ruled by the hourlies and higher. Setups on lower than hourly charts are virtually meaningless in forex. Use short term charts for timing only. Every day is a new day...

prefect spelling too

I agree and that's the way I implemented it because you simply can't count on a fill in the spot market when it is "out of line", but you can sometimes get one in the futures. And on further reflection you're also right about the extra fill being a waste. The original poster was looking for a...

Ok I'll throw you a bone since you seem to be determined to give it a try. I've been down this road and feel that the risk is too great. When you go this route you expose yourself to a high degree of execution risk, betting on the fact that you can get filled in two markets at prices that will...

Give it a try and let us know how you do.

They don't report the news reports that traders care about. And when they do report the news it is invariably late, sometimes like minutes late, so no value there. Bloomberg's orange bulletins put CNBC to shame.

You're looking for an easy free lunch and there isn't any. The premium/discount on the futures equates to the interest you will either pay or get paid on the cash so no dice. The futures are arbed to the cash so a divergence coming into expiration is a remote opportunity, particularly for a...

As a caveat I'll just note that I'm not actively trading or following the stock market but I have been noticing a lot of "the top is in" type threads. Something to note is that one of the signature characteristics of a bull market is the slow grind with contracted ranges and "slow" movement. It...

see this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=74914

You should really be more concerned about the quality of your own analysis. DTR is providing high quality analysis in this thread and backing it up with account statements showing his position size. I appreciate his work and want to thank DTR for this thread. I don't care if DTR shucks corn for...

Surely you jest.

Hypo, you must be the only one left who still trades that POS NQ. My personal NQ anti-trade system assures that I never initiate a trade in that market. How's that for a comprehensive approach?

It works well for me. Since FX is a 24/6 market, automating it helps significantly. As for the MQL4 contest posted in the previous link it's a total sham. Nobody with a decent autotrading system would give it up unless they are stupid. The contest isn't real money results and you give up...