Recent content by FXCode

thierry - Give me a winning system, I'll take care of money allocation :-) Really, if you have a winning algorithm, just allocate 1% of money on every trade. This is definitely the easiest part of any system. And if a system requires complex money management, it is usually not really profitable...

Truth is most people who really know how to develop trading systems, and I mean REALLY know, not just mega-optimizing the entire world into their strategy.. They won't talk.

It depends on the signal! Assigning a standard SL is wrong. SL should be placed according to the signal upon you trade.

datetime dToday = iTime(Symbol(), PERIOD_D1, 0); datetime dYesterday = iTime(Symbol(), PERIOD_D1, 1); Hope it helps

double h = High[iHighest(Symbol(), 0, 10, 0)); double l = Low[iLowest(Symbol(), 0, 10, 0)); Gives you high\low of range of ten previous bars.

The best way is to choose a trading system (optimally, a chartist one), and trade it with maximum discipline no matter how much you lose. Read 'Trading In The Zone' by Mark Douglas. It is a must book for any trader.

You can sometimes see correlative patterns in two pairs (EURUSD and USDCHF for example), which can be used to confirmation. If you see a Channel in EURUSD and the opposite channel in USDCHF, but the EURUSD already broke out and the USDCHF is struggling with support\resistance, you may want to...

Nice trading there :) What's your strategy? (Indicators or Price Action)

Have an system you wish to automate? Have an interesting idea for indicator? We can help. FXCode is a group of developers with expertise in the field of Expert Advisor and Custom Indicators Development in Meta Trader. We can code an EA, translate from other trading platforms and build an...

That's right. One of the main concepts in Douglas book : 'Trading In the Zone'. A must for every trader.

Breakout system generally just stop working after a period of time.. Mind taking the risk that it will be this time? Support and Resistance are much better signals, in my opinion.

The Island Pattern is also very profitable.

Post forward-testing results please.

Experience Experience Experience. Learn the types of gaps, breakaway\exhaustion\etc. I know traders which trade only gaps - 1 hour per day and they are very profitable.

Very interesting technique. Thanks for sharing.