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Who is interested to buy a software (custom development with source) which gives you real time tick from Forex and CFD (everything you metatrader broker provides) with no fees? :) You would be able to get all data streams with up to 100ms delay via mqtt. I can provide one but there should be...

I use MT5/MT4 as the data provider. Python calls the EA via zeroMQ and the EA responds with json formated data. Free and works perfectly

Well, you can limit them. Here comes the trick i was looking for for some years. I discovered it by accident. A) Book about trading psychology (bulletproof trader) say we should practice to visualise the worst/difficult situation in order to train your brain to not to flip out every time the...

I would say that depends on the asset you are trading. I always increase the position size. However I start with a very small one. And: my EAs are tested on several years of historical data with the analysis of events like nfps or covid. My worst trades come from manual "fun entries". :/ One...

Totally agree! One should stop interpreting the word "strategy" as the technique to find best market entries (like the one elephant metaphor from @piezoe ) I try to rather think of it like building a bridge: you don't know the direction of the wind, you don't know the amount of vehicles driving...

How much % per month or year do you aspire to gain from Forex trading? And if applicable, how much % did you achieve in the past?

1) compute the max number of consecutive losses. E.g. 10. 2) simulate positions in your algorithm - don't open real but virtual positions. And start opening real positions only after N (e.g. 5) virtual positions in a row were losers. 3) you might want to increase the position size after each...

No one is ever guilty. One sometimes just acts against the interest of too many people (or few powerful). ;)

I agree with all posts here. FX trading is by definition not safe. However, I can suggest here two safer ways to trade Forex: 1) buy a signal on mql.com which has at least 70weeks of history. You will need enough capital to gain around 1% per month minus the signal cost (~10k). 2) safe and...

Same shit happens to foreign investors in us regularly. Reasons are usually of political nature...

I would suggest to inspect the market of signals and strategies on MQL5. After that you will have a much better feeling about "what can go wrong". Observe several signals over some months. Many of them disappear from time to time after high-impact news (they blow the accounts and MQL5 deletes...

Hi, what is the blue line? Is it SMA(50)?

Thank to everyone (also @clockwork) for good opinions. I understand that everyone worked hard to find his/her individual trading style and I really appreciate every opinion. So given the passed time, I would like to describe here what I did and how it worked out. Here is the situation at the...

Thanks everyone so much! So far I see here several ideas for going up and going down: Up: - long term GBP will go up? Down: - retrace on sma200@4h - retailers are not ready (sentiment on fxblue shows that only 20% are long. As of my strategy, I really think to have one but it lost some...

Thanks

Hi, I would like to collect your opinions on my situation. I have 2 positions in gbpusd 1) 2 lot short @1.38300 , PnL -1200€ 2) 2 lot short @1.38680, PnL -550€ This is a current drawdown of 21% of the account. Given the current situation at GBP, I am not sure how the odds are that the price...

Thanks! Just ordered...

Thanks to everyone! Is there some public statistics of mean jump size in pips per type of news? I would guess NFP would be somewhere on top then.

You will like this project: free EA for Metatrader where the community can propose features and discuss strategies. https://communitypowerea.userecho.com/en/communities/1/topics/333-super-scalper-open-trade-towards-previous-closed-profit-opposite-previous-closed-loss This is a proposition to a...

I see quite a few strategies fail in the last days of July 2020. From the chart it looks like a strong trend upwards. I guess it is more smooth/stronger than usually and thus many strategies which rely on reversion fail here. Does anyone know what news it events happened at that time which...