Recent content by Garbanzo

Yes,indeed its a negative sum game but the fact that there are long term track records spanning decades of people beating the market refutes the notion that its impossible to make money in this "game".

Investment bankers are the praetorian guard of capitalism. They should be held as role models for their service to society,their role in the allocation of capital throughout the economy is absolutely vital for economic growth. The real *******s are the idiots running the central banks of the...

Yeah I understand that,I was just pointing out that its true,in options,it probably will have bad results unless you have inside info because the implied volatility will take care of it. In spot forex,there is no such thing as implied volatility increasing your position overhead,and also the...

Also for everyone out there thinking about the hurdle of having 2 accounts to trade this,you could probably just make EA to handle the long/short issue.

Hmmm... I think disagree with you on that and that certainly feels weird when you obviously have more experience than me! In my opinion,unlike in options trading,there is no increase in implied volatility that would make spot FX more expensive to trade if somehow it was known by the market that...

Here is a good source of data for backtesting: Finam Russian Brokerage Company:Data Export

Sugi Pulla System - UK Breakout Strategy: 370 pips in 2 weeks! Hello, I've been working on a strategy based on the 5min 7 am UK candle for the GBP/USD pair. Let's call it the sugi pulla system. Entry Rules: You are going to need 2 accounts for this otherwise you will have issues with the...

I have tried trading news in the past via straddles and got my **s whipped - not a pleasant experience. I've noticed that the price right after the news release,after traveling extensively in a direction often will reverse (whipsaw),this strategy basically entails catching the reversal from the...

How is this bad? They are providing extra liquidity to the system,all these moves are liquidity induced,not information induced and they are self defeating eventually. Just like statistical arbitrage.

Not really,all genuine brokers want you to succeed a =t what you are doing. The more money you make,the bigger your trades,the bigger their commissions. Besides,its much cheaper than acquiring new customers.

ofc people win in trading,its a zero sum game,if 90% lose where do you think the rest of the money goes? To winners.

To all of those of you who are editing the strategy I have a word of advice to you. Try and keep the success ratio (the % of trades that go your way) as high as possible along with your stops as tight as possible. Why? Because this way you can be almost certain you won't blow up your account...

Also,I just noticed,even though I don't pay much attention to the risk reward as long as there is a very high success ratio,you are risking more than double your take profit along with a lower success ratio so I don't think this is a viable option - it might be profitable,but only a limited...

Yes,that can happen and will affect the backtesting results adversely but 10 pips in 5 mins that's a fair bit of volatility. You could simply set the backtesting platform to count all 5 minute candles that reach both the take profit/or breakout and stop loss as losses and you completely get rid...

Could you perhaps post your excel/access file for the rest of us? We could use it as a template. I'd really appreciate that.