You have got to be joking. Set a couple of dozen of moving averages on 1-minute chart and you sell your system for 1430 EURO!?! C'mon, get real. Moving Averages are for losers - face it. Nobody has ever produced profits out of these tools in the long-term.
The whole idea of making '100 pips per day' or '20 pips weekly' is a beginners idea that is impossible.
You should take what the market gives you and what is your take profit in the system you trade. Lets say the volatility suddenly decreased. Do you still want to make 100 pips?
Focus on...
Nice tut.
Channels are indeed a reliable pattern, I personally traded them in a similar strategy - automatically, of course. Very good for beginners who have trouble identifying profitable setups.
Nice tut.
Pinalli - BB are useful for any trader and any timeframe! Even if you are a momentum trader you can gauge momentum with the middleband and if you are a reversal trader you can enter on the bands themselves.
It is a very powerful tool.
I understood what he meant, and it is incorrect.
If AUD and JPY are rallying at the same time the AUD\JPY should be flat, and it isn't. On the contrary, it is rising very strongly. Weekly chart shows the reason for the rising of AUD and the falling of JPY.
MACD Divergence is one of the most subjective and ineffective trading methods.. It cannot be tested objectively and its results are at best - mixed. Divergences in general are a very questionable issue in trading, they are also hard to trade well.
Pivot lines are better, though most of the...
How many times have you exited too early just to watch price advance to your profit target?
How many times you feared entering a position just to watch it succeeds?
How many times you broke your trading rules and wish you didn't?
No more!
Execute your Trading Plan Precisely and...
This plug in alerts you automatically when price is close to a trend line, so you will not miss potential trades. Works on both horizontal levels and trend lines.
Plug in is for MetaTrader 4 platform.
Download and Instructions
http://fxautomatic.com/trendline-alerter-metatrader-4.htm
Whats wrong with AUD\JPY ralling at the same time? What you are saying is inaccurate. Look at the daily-chart: After a big double bottom AUD\JPY has been rising continuously since the beginning of 2009.
Maximal drawdown is almost equal to the profit.. seems like a very risky EA.
How does it trade? What pattern? Does it trades the zero-line bounce on the MACD main line?
Don't lose faith.
There are some EAs that work. Of course, their developers won't share them for 97$, but I know that good traders can automate their trading strategies. I will give a little hint here: The profitable EA is not made of indicators...
There are hedge funds like the...
I like you P&F approach.. it is something rarely seen in trading forums - keep up the good work!
On the USD index - I will wait for a pullback to enter short. Already had my orders set...
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