Forex Beginner Q&A | Forum profile

Quote: Originally Posted by max pips I also llove these kind of breakout systems and have been trading one myself. You'd be better of displaying your profit in percentages rather than pips. Making 3% on each trade with compounding will make you some pretty healthy returns. Do you only double once if you lose? Or do you martingale it. Also when I have checked time based breakouts like this I find that they work for a year or so and then...

Quote: Originally Posted by Viper101 I don't know why I don't use stops, I guess I never had to before because I'm right so often. Neither do I... Your system is worthless without a sound moneymanagemnt. With calculated risk vs reward you should afford to lose frequently. I personally prefer 1:2 or preferably more. (risk:reward) Then one winner evens for 2 losses etc.... Way better. In my own system winners usually accounts for...

I stopped reading on page 4 but heres a touch of reality for you. Even with allllllllllllllllll of your backtesting and modeling, if you did find a system with a 1 pip gain at 99.9% that doesnt not mean that the next trade is going to be the same. Statistically and probability with a hindsight backtested basis is great, but when you risk 40% of your account of a trade, with a SL in place there is absolutly no guarentee that your next trade...

I was also watching this morning,but following Cains set up,i cleared 33 pips. How often are you getting false breakouts Cain,as the same happened yesterday,but the both of them came good,so dose it really matter ?,as long as the balance sheet shows profit. This is a nice system Cain, thanks for sharing.

Quote: Originally Posted by Cain Maybe this can help you Hollandpippin. thnx cain but it cant do excatcly like ur method...i mean i cant set it up that when u have a buy the range is there calculated...if u knowq what i mean....anyway thanks dude

more on the system 1. the take proffit is the atr But we take way what we have moved for the day already so the ATR is about 151 pips we are moved about 30 pips so we are looking for about 120 pips Its friday so in fact likey 1/2 that I will be happy with. stop loss is 5 pips over the last swing high.

I also llove these kind of breakout systems and have been trading one myself. You'd be better of displaying your profit in percentages rather than pips. Making 3% on each trade with compounding will make you some pretty healthy returns. Do you only double once if you lose? Or do you martingale it. Also when I have checked time based breakouts like this I find that they work for a year or so and then fail. Still worth doing but will be...

Is there A program or some alert I can create in MT4 that will email me the price of eur/usd or any other currency every hour?

Quote: Originally Posted by Xenaga03 Is there A program or some alert I can create in MT4 that will email me the price of eur/usd or any other currency every hour? The coding to do this is very simple. The configuration of the SMTP is a challenge. Here is some recent info. http://www.forexfactory.com/showthread.php?t=116010 The MetaTrader forum is much better for explaining the problem and I suggest you review the postings there to get a...