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Thanks all for the comments/replies. I am a programmer turned trader and I have created trading systems and tested my strategy with backtesting in MQL4/MT4 with 4+ years of back data and this system was kind of promising though it was not a great winner. I also tested with forward testing with...

Yes and No. You have limits on how much you can exchange. If it exceeds certain limit, you have to show the source of your funds and have to explain whether you have paid tax on the income or not etc.. This measure is to force people pay tax and declare their sources of income correctly.

I understand it is not believable. But this is not demo. I have to admit that I took very high risk in initial trades but later scaled down. Let us say I took 1X$ to 10X$ in 1-2 weeks and move by profits of 8X$ and start with 2X$ again. No Paper trade. I have done enough demos. I trade with my...

Hello All! Nice to be back in this site after a long break. I have been trading on and off with mixed success and failure though in my last successful period, I was able to convert an account with 1X$ to 3 or 4X$ in 30 to 45 days. Though I had a system my losses were due to my own breaking the...

It is mainly to erase black money and/or to invalidate counterfeit currency allegedly printed and circulated from their 'neighbor' :). Also this is move is to avoid ML (Money Laundering) which is done thru illegal outfits in Middle East (called Hawala).

Had a look at python code. Not much difference or difficulty compared to other programming languages. Instead of finding which language is best, you should have a system which is profitable. Of Course coding does help to test your systems faster. Goodluck.

It would be great if any retail firm allows currencies with 50:1 leverage (current US regulation). Is there any US firm which allows leveraged gold spot trading? TIA

Question to Handle123 >> Nice to see your post on managing the trader/business setup. Thanks for sharing the info/setup. It doesnot matter whether it is true or not, it does sound like a solid plan. (based on posts who are not believing you). You need not answer this if you donot want to...

Tiki, Your post with so much details scared the hell out of me, and it took me some courage to open up this thread again! :) Thank god I am in good health.. (or it appears to be).

I think there is an option to get screen print of any operation/trade in MQL4. Thru a program (EA) you can make it do these steps and and or write any values you want to track in a file.

You dont like MQL4 Programmers? :) j/k. I did check on that hf manager. He seems to be managing large fund where he allocates accounts to various traders. The project involved writing that stuff in C++ or C# api. And the platform is not MT4. He was not asking for sending the info to other...

I am a trader as well as a trading system developer/programmer. I have developed/tested quite a few trading systems in MQL4. I was asked to develop a mirroring system from a platform to send/copy trades to another system. Though I could develop such a product (either alone or with the help of...

Why you need 6 monitors, why cannot you just buy a big screen TV(LCD) and use it as a 2nd monitor. Few pro.traders I know use big screen TV as secondary monitors.

Last year's top fund made around 40% in a year. I know one hedgefund manager who trades almost all major markets, says 20-30 % is the reasonable expectation per year if the funds are doing good. And they all have very strict drawdown limits, max loss per trade/position etc. And hedgefunds...

Nice to see someone building a plane:) I dreamed of building one (when I was in probably middle school/elementary) and remember asking some basic/stupid questions to my elder bro who is an Engineer. Fast forward after so many years, I still have the dream of flying solo on my own plane...

The MT4 EA/indicator code is in your local PC. Unless they have a virus to steal your code from your pc there is no way they can take the code. But if they really want to find out how you are trading they can analyse your entry/exits etc but that can be done by any brokers (not necessarily only...

If you can do some little programming you can do this thru Metatrader4 platform. I guess it should be possible in other platforms too.

Pls explain me how the remaining 3% you expect would be able to get from the trade details (entry time/exit/lot size) would help the investor to decide? And what mechanism you have that this data will not be used to reverse engineer the strategy? Thanks

04-11-12 09:46 PM See AUDUSD rising ? Gold/USD will follow. Buy NOW, exit at 1693. >> It never went above 1680 that day and still falling now. BTW, interesting thread. Would have attracted more attention if it was not started 'Dear Losers' :) Whatever happened, happened for...

Tango 6 Alpha/TRO, Thanks for answering my post which I thought didnot get posted. Again, TRO, instead of posting the same text so many times, you could simply document a 2 page PDF/document with clear entry/exit instructions with screen shots (remove any unnecssary colors/indics and just...