Recent content by TraderNorm

Hi Everyone, At times I try to download an indicator or script and I'm presented with script commands such as: if(Ask>iMA(NULL,PERIOD_D1,MA,MAShift,MAMethod,MAAppliedTo,0) { if(Ask>iMA(NULL,PERIOD_H1,MA,MAShift,MAMethod,MAAppliedTo,0) { if(Ask>iMA(NULL,0,MA,MAShift,MAMethod,MAAppliedTo,0) {...

"Forex Trading is very risky and it will not always work with one strategy, you need to learn a lot to survive in Forex." Hi SmartGeek, I can't tell if your above statement was intended for me per my queries above. If it was, do you have an answer to my questions? Thanks, Norm

STOP LOSS FOR HIGHER FRAMES + (different topic) 3-FRAME INDICATOR Hi Capt. and other Duck Hunters, SL FOR HIGHER FRAMES: Captain, your default stop loss for the D1, H4, M5 combo is 30 pips. Seems like that's comparable to trading the H4. Am I correct? Anyhow, if I were to trade a combo like...

Thank you guys for your input. Thanks to you, especially, Bootsyjam. "Liquidity hunting" does seem to be more accurate. Good concept. As for thinking through the broken 1-2-3 pattern, at this point my brain is broken after a long day, and I'll need to wait on thinking that through, but...

Hi Jiggly, How would you set up a trade so stop loss would be on opposite side of the field, trade AGAINST the trend? Seems suicidal. If you can tell me how do to it, I'll test it down the line. Thanks again, Norm

Thanks. Definitely worth thinking about. Norm

Seems like the best advice, after all db. Thanks, Norm

No, but it's much more likely when huge institutions trade or hunt stops because their huge volume can move a market up or down very rapidly. Norm

Thanks. I'll follow up on it. Norm

Great point. Thanks

"The market doesn't differentiate between stops and TP orders." Interesting point! Thanks

SO AS NOT TO MISLEAD, I'm the guy who started this thread, and I need to make a correction lest I mislead some. Increasing the stop does NOT reduce pip value. Pip value = pip decimal X units/exchange rate. Stop size in not in the formula. Also, thanks to all of you for your comments on stop...

Hi Mike, Yes. Forex. Read closely. I did not say just my stops. I said "pools of stops" - millions of dollars worth. Here are some articles: https://www.jarrattdavis.com/forex-brokers-hunt-stop-losses/; http://www.forexfactory.com/showthread.php?t=23495...