Recent content by ExpertTradingAdvisor

Is anyone trading this system live? There are a ton of posts in this thread, seems like this system must be pretty good.

Does anyone have a live trading statement using this system? I wonder how well it works in live trading, most systems do very well in backtests and demo but then as soon as I trade them live they fail. Why is this?

Has anyone tried programming some of these indicators together into an EA? Indicators have rules that I am sure could be programmed into an ea.

For some reason my DDE server does not want to work. I have it enabled in the tools/options, but it doesn't update the spread sheet.

That is amazing results, 7383 pips on beta system? What period of time were these pips made?

I think it is possible to achieve 1000 pips per week. However it would probably be easier to do this trading on hourly charts or higher. A scalping system would be almost impossible to get that many pips consistently every week.

I think the reason for this is because FAPTurbo trades in the asian session when there is low volatility and spreads are high. The problem is that thousands of traders are using this system and this I believe will cause the system to fail over time.

The head and shoulder's pattern on the daily EURUSD chart are saying the price may be heading back down. There is a small HAS pattern and then if you look back further or on the weekly chart you can see the longer term one forming.

When you place trades on a demo account I think it is wise to treat it just like a live account. Otherwise, when you go to trade real money your emotions will destroy your account and you will make different decisions than you did on the demo.

It is true that 95% of trades loose their money. That is why I gave up manual trading an created an EA to place the trades for me. There is no emotion involved this way.

Another thing you may want to look into is an automated trading system. This way you can let it trade for you while you are trying to learn the market.

You might want to try posting in the thread that says indicators programmed for free. Maybe they can code the ea there for you.

You can sometimes find people in forums that will code something easy for you for free and usually very quick. Learning to code can take a lot of time.

I find that it is best to have a risk reward of 1:1 or better. Otherwise if you are risking 100 pips to make only 5 pips then you will get nowhere. You would need to be over 95% accurate just to breakeven. Trading profitably always comes back to good money management.

Seems like the EURUSD daily chart is forming the right shoulder of the HAS pattern. There are actually 2 HAS one short term and one long tern if you look back further on the charts.