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what i mean is your strategy sounds incredibly risky. take a look at some of the trends that occur in currencies. some go on for months and months as the currency rises of falls several hundred pips. I would never risk getting caught on the wrong side of one of those moves - trading w/out stops...

This is wild. I don't mean to kick a person when he's down, but check out VictorSafta's bio. This guy could be looking after your money. Or your grandmother's. You can have an "It's my way or the highway" attititude about a lot of things in life, but the market's not one of them.

This is a great question. Come on you experienced traders, how do you think you'd make out?

:D :D :D

Celine Dion:eek:

Baggerlord, That was big of you to admit you were wrong. Good on you. I've been - silently - following this thread since it began. I've found it absolutely fascinating. Without a doubt, it is the most interesting thread on ET - and that's saying a lot. However, since I don't trade the...

NihabaAshi, That was a terrific post you just offered up. It's posts like that make this board worthwhile. Just thought I'd let you know that. Regards. chaos

Chuck T, Hmmmm... not really sure what you're saying. Perhaps you could provide specifics as to why your data is better. But even if your data is better for some objective reason (less data error, for instance), there would still be this: If I'm going to trade with a particular broker, it...

Corso, Have a look at this from the Oanda forum... http://www.oanda.com/products/msgboard/msgboard.htm. Also, do a search on trailing stops because there have been a number of discussions about how they could be automated. Hope it's helpful for you, chaos

If what you're looking for is a forex data feed and charts, MGForex offers a package for about $40 per month. They offer a dde link, which I use to import data into Excel. Their charts are pretty good, but I haven't used that many other chart programs, so I can't really rate them. MGForex is...

For those interested, here's a good place to look: http://finance.lycos.com/home/research/ec_help.asp?page=Housing_Starts

Hi all, Could anyone tell me which economic reports are the most likely to have an impact on the US dollar? The Purchasing Managers' Index released today is obviously one of them. Many thanks in advance, chaos

If price was different to the market to your disadvantage, would it not be to my advantage then if I took the trade going the other way. All in all, if such a price difference existed occasionally or much of the time, from the perspective of individual traders, it would even out in the wash...

Hi DB, as always, you make a very good point. By the way, your keeping it simple thread has taught me a great deal about trends and breakout trading. Thanks for all your hard work. Just a thought - you might want to consider adapting your method to trade the US dollar crosses between 7:00 and...

Hi Wrappers, thanks for your input. When you say immense, are you referring to the coding, data or both? A currency trader I know has created a program along the lines of the one I have described. Although he hasn't disclosed to me the exact specifics of his system, he uses many of the trend...

Hi maxpi, i have only a passing knowledge of ADX but will look at it in due course. for now i am focused on developing a system to identify trend direction and support and resistance levels. my theory is that if multiple methods are used, the trend identification should be high probability...

Hi harrytrader, I'm not sure, due to a small typo in your post, what you mean... will you answer this week, this way or something else? One way or the other, nice to hear from you. :) Nobody else appears to take an interest in this topic. :confused:

Thanks harrytrader, Sounds like you've been there and speak from experience. Would you mind elaborating on the sorts of problematic situations that arise with this kind of multiple-indicator system? I could imagine, for example, missing some moves because not all the indicators were giving...

Hi everybody, I would like to develop an trend-indentification program in Excel that will sound an alert whenever the indicators in the program all agree, or a substantial number of them agree, that a trend is about to begin or has begun. My initial goal is to use the system to trade...

BigGun, I spend time here because I am interested in technical trading in general, not just in technical trading in forex, and this is the best technical trading forum on the Web. If you are new to trading as I am and want to learn as much as possible about it, this is the place to come. I'm...