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My stops vary depending on the volatility of the pairs traded. Generally they vary between 50 and 100. You could try 1. to get your entry closer to the extreme of the day and be prepared to have a number of orders that don't trigger. or 2. have a looser stop perhaps based on ATR(10). A...

Many thanks. Solved my problem. Exactly what I wanted. Regards Morty

Hi, I can't find the currency pairs I used with MetaTrader. Most demo servers used to supply price feeds for CHFJPY and NZDUSD amongst others. These seemed to have disappeared. Have I missed something? Do you know where I can download MT4 that has NZDUSD at least? Regards Morty

Probably to do with the date. Regards Morty

The market makers love news releases, there is no quicker way to separate a trader from his trading capital. Assuming some degree of honesty, if the market suddenly moves up (after a unexpected number), how many sellers do you think there will be? If no one is prepared to short a rising...

Hi, Could someone help me with this? I would like to plot the average body size, as a custom indicator, in Metatrader. Programing is not my strong point. The calculation would be the average of the absolute (getting rid of the sign) of the difference between the open and close ie...

Canadian GDP :D Regards Morty

Hi, Deutsche Bank is definitely not FXCM. DB provides liquidity for market makers including FXCM and Saxo Bank. DB is huge in FX. FXCM is just a minnow in comparison. I have an account with both. The pain is not being able to have the DBFX Trading Station and FXCM Trading Station...

I think the stock indices and forex certainly behave in similar fashion technically. It is rare to see statistical analysis and technical analysis being used in the same sentence! Statistical analysis of technical indicators makes for unpleasant reading: I have to admit I sometimes use...

Were you trading the NFP release yesterday when this happened? Regards Morty

Thanks. I agree. The highly correlated pairs interest me. You gave an example of a yen neutral hedge with GBP/JPY and EUR/JPY. Do these set-ups work i.e. do they remain neutral over time? Or does a gradual exposure to the market occur. Regards Morty

Sorry I mis-understood you. I was describing a way of laying off some of the exposure with a hedge (in the way equity traders use the word). The interest being an extra boost to profits not the main reason for setting up the trade. What is your experience with setting up these sort of fully...

I don't know about EUR and CHF - interest differential looks a bit narrow. Look at GBP/JPY and EUR/JPY. The correlation is 95% positive. If you went long GBP/JPY, in January, you got +$22 per day and short EUR/JPY -$11. Net $10. EUR/GBP yielded about 50 cents. Of course subparity crosses are...

Same currency = limited. You could take a view that you don't know which way the market is going to go. You enter the hedged position. When the trend is established, you close out the +ve position and wait for the -ve position to retrace beyond the spread (plus debit interest); you then have a...

FXSol has had a hedge facility, within the same account, for some time. Otherwise look for brokers who permit subaccounts. This means you see both accounts with one log in. Simply go short in one and long in the other. Are you doing your own correlation calculations or are you relying on...

This is my experience as well. One thing I do now is I think of everything in percentages. Initially, when you first step up, profits will look huge and negative positions will look devastating. This may tempt you to stray from your plan. Always convert what you see to a percentage so that you...

Where to put the million, that's the question. I would be inclined to trade with an outfit that provides the bucket shops with their liquidity. If you stay with a bucket shop, they may not be able to tolerate your scalping 100 lots (the max leverage you'll get) and only staying in the market...

I wonder if I could introduce a topic in parallel with this: MNI post order summaries around 4:30 and sometimes update in the NY am session. Essentially these reports show where the strong demand and supply are for the day (GBPUSD, EURUSD, USDJPY and EURJPY). See attached. I don't trade these...

Thanks. GBPJPY has been a gold mine today: I missed the move in London but caught 239.93 to 239.73 and then part of the next leg down 239.30 to 238.77. I contemplated going short again around 239.30 but settled with my 73 pips. Of course it then plummeted to 237.42! Best wishes Morty

Thank you for taking the time to answer, Do you know what the brokers actually do to lay off risk? In a very simplistic system, the broker could, for example, go long automatically when the trader went long. If no leverage were employed then a successful trader would have the broker's...