Recent content by Doctor Leo

timsk, it's easy yet maybe not quite correct. ProRealTime always offers a choice of options for almost any indicator. They serve as replacements for "close" value in any calculation. So, if you look formally at the Wilder's calculation, you'll see a "close" price there. Replace "close" with one...

But what of that? This is tradable only if you have an entry rule which allows to join this movement at early stages and an exit rule which allows to exit the closer to the climax the better. Look at similar situations which lasted about half of this movement shown — they all began...

In fact, the phenomenon you've noticed is much more interesting and maybe a bit more complex. Days-off gaps seldom occur, but if they do, most of the time they provide an opportunity to trade for far larger a time horizon than just 1 day. I would recommend to consider at least 1 week for a...

Let me offer you a simple experiment: plot the 30-min chart of euro/usd, T-Bonds and BUND, with trading sessions synchronized and you'll see one simple and wonderful thing.

Thanks, hwsteele! :) BTW this picture has been shot in my home city :)

From that, and also from the description of your system given above I can assume that it's discretional trading anyway. Not good for me, but maybe it works for you. Only be cautious. Also, could you please be a bit more formal in the description of the entry pattern — I mean, to avoid emotional...

Maybe it would be wise to share with people here at least the basic idea behind the system and its performance report, if you expected any follow-up?

It's fun to see that the only flag (in members' profiles) that is missing is that of my country :)

You got me right, papertrading is cool when forward testing a strategy or learning to obey your own rules. But only in case you do have some. Otherwise it's just a waste of time. Or maybe we're talking about different matters? You're not wrong in starting off with extensive use of indicators —...

All last 3 months is one single, huge, swellish downtrend, that's it. As soon as volatility and people's intentions change (and they will change) you will see quite a different picture, maybe even contraditory to what you see now. Testing on 3 months of history and then trading real money equals...

My 2 cents: you're still in the beginning of learning trading and thus you're all into some bands, averages and other stuff, more or less complicated. But from what I've read here I can see that you don't understand what all these indicators are intended for, what they actually show. I think...

Folks, pivot points were originally developed by floor traders as a brief and easy to calculate means of guessing the sup/res levels for the next session. Please note the word "session" here. FX is a 24h market with no dedicated daily session regardless of how you would divide the day. Since...

You can try two sources: http://www.dukascopy.com/swiss/english/data_feed/csv_data_export/ - data of very good quality, the only drawback - a limitation of 10,000 samples of any given period, so to get a history in 1 min format since 2001 you should do some manual work. But it's worth it...

Cable approached the target I spoke about in the beginning of May. Now expect the continuation of its upward movement up to 20500. This scenario breaks when price is under 19600.

Yes... but I'm a bit more optimistic about the future of cable. To be more precise, nearest future. The second half of this year :)