Search results

Are you a scalper or a swing trader? What is your average holding period?

From 52 AUD, this week I am up to 71 AUD. I am trading the smallest contract which my broker allows, 0.01 lot. Sticking to a system has made me to be profitable till date.

Could you explain a little further why you are saying it doesn't work in long term? I am not a mean reversion trader, but I would like to know. Assuming that this strategy works currently, why would you say it would not work in the long run?

Mind to elaborate what is 'edge in nature'? As far as trading is concerned, edges could be found on both ST and LT.

I was not being clear sorry. What I actually meant was this: Let's say our short-term system averages about 10 points profit and our long-term system averages about 100 points profit. In terms of percentage, the commissions would be more for the short-term trades.

The MACD edge looks very good. But can you explain your rules? Because from what I could see, you are not taking all the trades/signals.

1. Short-term (ST) will make you pay more commissions per trade. 2. ST trades more frequently, hence, make more money in the same period of time compared to long-term (LT), assuming that risk per trade are the same for both. 3. ST is relatively more stressful. More time spent on...

If not charts, TA, or PA, then what would it be in your opinion? What would you consider to have an edge?

Last few weeks my equity went down below 30AUD. Today, I am up, 52 AUD now. I have been trying a few systems a long the way which contributed to my losses. Now, I am sticking to one system. Hopefully I will see my account grows gradually.

http://www.babypips.com/school Good place to start.

I suppose Hongkong or Singapore?

I am not sure if that would affect my profitability, but thanks for the advice.

No, I don't really understand the market micro structure. However, I will read about it.

Any particular reason for that?

My equity has gone lower now, to around 30 AUD. I am thinking of going demo for now, until I am more consistent.

No, the data will be downloaded from your broker, not Metatrader. The best quality that you could get is the 1-minute data (OHLC). The movements inside the 1-minute data will be interpolated

Usually the broker with Ninja Trader provides the tick data, therefore, the data is reliable, no interpolation like Metatrader. What do you mean by "data provided by the trading platform may be different with the data from the broker"? Aren't all the data provided are by the brokers?

I have tried Tickstory, very slow to download the tick data. I believe most of the traders here don't use Metatrader. The software that you are offering is solely used to obtain tick data, am I right? For example, if I am using Ninja Trader, I don't need this particular software because my...

In which part of the body specifically?

Hi surf, Would like to hear an opinion from you. Is a 100% discretionary approach (profitable) considered an edge to you?