My Trading Holy Grail

expiated said:
I trade via OANDA using the MetaTrade 4 platform they offer, which means there is no charge for data feeds, and I have no idea what people are talking about when they mention commissions in connection with Forex. I believe that outside of the spread, the only cost I incur comes from margin if I hold a position overnight (Swap?) which I almost never do as a day trader. The record pictured below is typical, where my total deductions after ten trades amounted to -16¢, and if fact, two trades later (my 12th trade, not pictured) I received a Swap of +20¢.

View attachment 200952

Since my lot size was only 0.05, I was making only a few bucks per trade. If I had been trading through my old broker, E*Trade, each transaction would have cost me $6.95, or $4.95 since I make more than 30 trades per quarter, so that it would not have even been worth it to trade at all!

To me, there is no best pair. There are some exotic pairs that I think are really BAD, and it seems to me that it takes a somewhat larger account balance to trade the Cable (Sterling/Pound) pairs, but other than that, I will trade any of the majors (i.e., AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF and USDJPY).

On second thought, often USDCAD and USDCHF do not travel a lot of distance, but USDCAD moves like CRAZY on news, so if you get in early going in the "right" direction, there are times when even these pairs can offer significant gains.
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i think i will stick with ES, it is something i understand better and news does not affect my trading strategy so atleast that is something of an advantage to me. I just thought i could apply my trading strategy to other markets but it seems like ES will keep me busy for time being.
 
tenny1886 said:
i think i will stick with ES, it is something i understand better and news does not affect my trading strategy so atleast that is something of an advantage to me. I just thought i could apply my trading strategy to other markets but it seems like ES will keep me busy for time being.
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tenny1886 said:
i think i will stick with ES, it is something i understand better and news does not affect my trading strategy so atleast that is something of an advantage to me. I just thought i could apply my trading strategy to other markets but it seems like ES will keep me busy for time being.
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Makes sense to me. With the amount of time I've invested in Forex (i.e., the degree to which I am familiar with the way exchange rates move) and the amount of success I am having buying and selling this category of assets, why would I switch to any other instrument(s)?

Though to be honest, after a year or two implementing my strategy (successfully) in a live account rather than virtually, I will probably begin looking into applying it to gold and silver, since I feel these commodities trend significantly better than currency pairs.
 
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expiated said:
Though to be honest, after a year or two implementing my strategy (successfully) in a live account rather than virtually, I will probably begin looking into applying it to gold and silver, since I feel these commodities trend significantly better than currency pairs.
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Clarification: I will probably begin looking into adding gold and silver—not switching to gold and silver.
 
I've made another welcome discovery with respect to the (red) center line of Lee Leibfarth's Adaptive Price Zone (APZ) which is that it makes an even better zero-lag moving average than my (green) instantaneous moving averages, which I've always liked better than the Hull and other so-called non-lagging MAs.

New MA.png


So by noting the position of the APZ zero-lag moving average in relation to my own instantaneous moving averages on a one-hour chart, I have an even better sense of exactly when the intraday trend is reversing direction and whether it is more bullish or bearish at any given moment.
 
milsongondim said:
Hi there, do you know if there is/are breakers in the USA that operate with Megatrade5 platform? Thanks
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If you mean "brokers," I personally don't know of any. If I understand correctly, in addition to foreign currency pairs, MT5 enables individuals to ALSO trade stocks and futures Contracts for Difference (CFD) instruments. However, since trading CFDs for stocks and futures is not permitted in the USA (as I understand it) there is little incentive for U.S. brokers to offer the updated MetaTrader platform.
 
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