Would the same data i.e. EURUSD M1 from Tradestation be more reliabble than the data obtained from Alpari MT4 using the above method ? Please let me know your thoughts. Many thanks. :)
Hi,
There are old threads re: this created a few years back in a few forums. When I read them I realised the informations in those isn't valid any more. Hence raising it here.
Has anyone recently downloaded historical data for forex (e.g. EURUSD M1) from the Alpari MT4 demo account. This is...
Hi,
I am trying to test an intra-day strategy in GBPUSD. Is there any charting software/data package wherein I can make hypothetical trades in the past and figure out the draw-down that would have been made while I was in a trade before I closed it. I want to see the max drawdowns for each...
Ok 100k is a standard lot. We could potentially trade outside London session as well. What's the number of standard lots of GBP USD that one could trade following the same signal ? What would be considered too many? Following the same signals, would 100 standard lots be too many or 500 standard...
Hi,
I have a simple day trading forex system using GBP USD fx pair with trades aiming 20-30 pips. Entries use stop orders. I am expecting myself and a few other to follow this system. What's the max no of lots (10k units) that we should consider trading amongst us based on liquidity of GBP USD...
This question is for Mathew or anyone else who knows about how C2 works
I have a forex system which I want to validate via Collective 2. But I have noticed that the prices quoted for the forex pairs vary across brokers. Which price source does Collective 2 use to validate the forex trades. E.g...
LEVELII,
Your feedback definitely helps..I am more towards Swing trading although many would say one shouldn't hold overnight position in the current volatile market.
Will ask you if I have any more specific questions.
Thank you..
Regards,
victor123
Does Alan offer a complete strategy ?
I have a feeling that Alan teaches you lot of useful things. You then have to come back and piece them together to create a complete strategy. Am I right ? The point I am trying to make is just Learning how Alan trades L2 is'nt enough to be profitable. All...
Hi,
I am teaching myself C++ with a view to using it in buliding trading systems or derivatives applications. Is there anybody out there who would be willing to use my skills in the near future, possibly within a month ? I can work for you one day during the weekend. Happy to work for free or a...
I can't quite get this
Many people say that you can not or should not put a huge amout of money in day-trading as this itself could cause slippage or result you not getting decent fills. So, large funds look for longer term trades. But traders in many of the biggest institutions regularly...
What I meant by point (3) was that you can use the profits earned in one day to increase the size of your bets in the next day. This is because you are opening and closing postions on a daily basis. A Swing trader can do this less often. Generally speaking if you are using Speadbetting or buying...
Perhaps I should have been more specifc. I am looking at a strategy which makes 30 -40 points average profit, sometimes a lot more. Average loss 5 points. Wins 70% of the times (should get better). Trades in the first 2 hours after pits open. If you are only watching one market you may get a...
Hi,
I think Day trading is definitely more profitable than Swing / Position trading provided the following are true.
(1) The trader is equally adept in Day / Swing / Position trading.
(2) The same level of risk is taken.
(3) While day-trading the trader does not overtrade.
(4) The trader only...
Just like mechanical systems work for a limited period, is the same not true of discretionary strategies using price action and chart set-ups ? What I mean is that could the chart setups that are profitable today become unprofitable in a few years from now ? And then the trader needs to start...