Recent content by Boletus

Well I was going to say, let's see which one of us is still around in 10 years -- me following the conservative advice of the old hands, or 4xpipcounter who laughs at 2% a week. But I see he's already given up and disappeared, at least from this forum ....

Thanks Oiltanker, good advice. I am going to leave the indicators largely alone for a bit, but I see that looking at long trends and timeframes seems to be a good way to go. I would now not dream of trading against a major trend.

A quick update now I have more experience .... You cannot simply execute a strategy involving one indicator and expect to make a profit indefinitely. I got over-excited during a phase when GPB/USD was in a "frothy top" and this strategy happened to work. But my original post was extremely vague...

I've read through this thread with great interest; fascinating stuff. Thanks to everyone who's contributed. But it strikes me that not everyone is on the same page here. I am a relative beginner at forex (1 year's part-time experience, not profitable yet) so I'm not offering advice, but I want...

Do you find it profitable, Dommo? Or still borderline at the moment? I'm happy with this way of working since I can code about as fast as I can think, but I wonder how easy it is to make profits this way? Also any API recommendations? Thanks!

Interesting discussion. I wonder if anyone here has tried writing (not buying!) an automated system that works with raw data rather than with data that's divided up into bars? I'm currently attempting do just that (not for futures but for spot forex); I acquired 10 years or so of data and I have...

Hi and welcome JA54. Great to see someone else joining who aspires to trade full time.

I know what you mean Hirnant, these 5 minute charts sent you crazy after a while. Well, this last series of trades has been gruelling and not very rewarding for me -- my profit has been in the region of 10 pips. I got stopped out 6 times (6 x 40 pips = 240 pips) and eventually made 250 pips on...

Cool, I hope this one comes off! As I say, I'm a rank amateur at forex, but this strategy looks promising to me. Yes, I'll even look at 5 minutes to try to find the turning point. Anything that helps. Your suggestion sounds very good to me; I'll definitely give it a go if the stochastic drops...

Yes, or at least I figure that when the price is at the band, there's an increased chance it's a major pivot. My whole strategy here is based on trying to spot the correct pivots while weeding out the bad ones, so anything that helps must be good. Well, I got stopped out of the above trade, so...

I'm thinking, the main problem with doing this is that it's not going to work when GBPUSD gets into a strong trend. Then hopefully it's just going to be a case of trading only in the direction of the trend. In other words, trading pullbacks and leaving contra-trend trades on the table.

Hi Hirnant, I wait till the stochastic hits the other side. Eg. if I sell short when the stochastic is over 80, I close the position when it's below 20. I actually have not followed this strategy since posting this - I got cold feet; but meantime I've LOST money on other strategies and this one...

Hi Gubbaboy, On IG you get not-so-very-great flash-based free charts by default, but you can also go into your account settings and enable advanced charts; these cost you 30 quid a month if you don't make any trades, but are free in any month that you make a trade. Then you can access these...

I missed a crucial bit of information off this. The stochastic has to be set to 21,3 on the four-hour chart. i.e. 21 four-hour periods, not 21 days. Possibly I've inadvertently "retrofitted" this value to a 3-month period, when this value isn't any good for any other 3-month period! Time will...

Hi folks, This is a very simple strategy for trading GBPUSD that I want to share with you; I have backtested it for 3 months (sadly this is all the data I have available in the charting system I use), over which time it generates, at the moment, a very good profit. (8470 euros in three months...