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You must size your positions small enough that a worst case sequence of losses will not cause personally unacceptable drawdown ; a Monte Carlo analysis run across a large enough trade history might help. I never knowingly use or post decompiled code Apologies - post removed Mop. Just some thoughts Here are two very good imho posts by davelansing and Oldtradermanthat accurately describe the differences in how one might reasonably approach mechanical, and discretionary, trading respectively. Use the attached indicator. How Do You Trade Forex? Course 6 of 11 High School Dig trading commodity futures classical chart patterns abbvie stock dividend into more technical analysis concepts like trading divergences, breakouts and using multiple time frames on your charts. ON this forum I am an intermediate level programmer - good enough without being really top notch. Pro traders adapt their systems accordingly; you will even see some quants adjusting their parameters localbitcoins using how to trade high volume crypto moving between markets whose conditions offer the greatest potential compatibility with their algos. Good luck. Useful MT4 utilities provided by PeterE and others here and. Hence he is entering when a conventional trader is exiting, and vice versa. You can use chart templates and themes. If you've always wanted to learn to trade but have no idea where to begin, then this course is for you. In the classic model, we draw trend lines on the price and the indicator in this way:. Learn how to develop a trading plan, create a trading system and maintain a trading journal. Without an most reliable swing trading strategy ico copy trading bias, entries heiken ashi results ninjatrader 8 account performance exits do not, in themselves, represent edges. I found this one on forex-tsd. Albert Einstein It appears that the Weighted Moving Average was invented by a trader who did not have a firm grasp of filter theory in hopes of reducing lag. You can compare this variant yourself with the classic process. Some general info on EAs. FerruFXcja baby pips trading divergence multicharts backtesting tutorial, sangmaneminminmladen, Nicholishen, pips4life, abokwaik, Xaphod, cyber1, euclid, futurespec, MathTrader7, braintheboss, We analyze the new highs and lows of the closing prices, correlated with the new highs and lows of the RSI. Track Your Progress!
Next Lesson Regular Divergence. This article shows you the pros and cons of this fantastic indicator and how to use it with graphical examples. What if you believe a currency pair will continue to fall but would like to short at a better price or a less risky entry? A further difficulty is that your edge must also be robust enough to survive several years' worth of changing markets. A directional bias means that, based on past behavior in a given situation, a future scatter plot of price would occupy a statistically significant amount of more space in either an upward or downward direction from the current price. And to make a decent income from trading, you need a decent size account. Open Data Folder Commodities also often experience this divergence. Post 4 Quote Apr 19, am Apr 19, am. Unless you have an edge that's somehow grounded in the HOWs and WHYs of price behavior, you are merely guessing, and therefore gambling; the long term expectancy of your strategy is effectively zero minus br0ker costs, which means that you must eventually lose. The JForex indicator interface is essentially a template for transforming inputs to outputs as it should be , but these restrictions make many obviously useful things hard to do. However, the experiment I presented shows -- at least theoretically -- that randomness can potentially be a matter of information-based perspective , as opposed to being a function of the game mechanism itself. News indicator: either exploit or avoid high impact news. Apart from faster access to superior information, many institutional traders have other advantages over their retail counterparts: greater expertise and experience, vastly more capital, institutional grade prices, and faster execution.
The JForex java interface paradigm is confusing, and revolves deeply around consumable arrays as input and output, which even after 2 years JForex experience, still causes me confusion. First, enter the indicator relative strength index RSI to the graph, then also add a moving average. To give you a size of community comparison, I've probably written around a hundred JForex indicators - and while I haven't published the vast majority most accurate nadex signals link binary with libraries from required to optional them back to the JForex community, I suspect I would be in the top ten twenty most prolific indicator coders. Suppose my analysis perceives a situation of impending upward bias, therefore I want to be long. And some very good blog articles by Sam and Justin. I use the undocking to move the charts around multiple monitors etc. I prefer not to think in terms of 'entry' and 'exit'. Well, first, those are just some possible examples of potential bias. Skip to content. Balinese Fx Trader.
So whether you exit 'now' or not makes no real difference. My final solution was to construct and maintain my own instrument history for every bar, on every timeframe I needed and then apply my complex custom indicator calculations on these as arrays to get the current indicator value Empty4 coders think iMAOnArray on multi-dimensional steroids. Course Outline What is Forex? I have tried the code conversion tools, but they can be buggy for me - in the older versions , and require a coder to make little changes here and there to the output, as I understand it. Post 6 Quote Apr 19, pm Apr 19, pm. I would really appreciate that. The nature of an edge In gambling parlance, an 'edge' means a winning advantage. However, normally I would exit losses MUCH earlier than that, because I can always re-enter if I want to, at a better price, thus saving pips. MT4 programming I am very sorry, but I'm no longer coding or troubleshooting indicators or EAs, neither for payment nor goodwill reasons here and here. For some, trading is an art -- or even a process of subconscious visualization -- rather than a statistically based science. FileName — the name of the file whose data you want plotted. Teach a man to fish and he will eat for a lifetime. Some reasons: 1. Here is a great post by PipMeUp. Also, two excellent posts by topherhk88 and merlin about system design. As the disclaimer rightly says, past results offer no absolute guarantee of future performance. Download and use the indicator s at your own risk. Some traders might indignantly respond: " that must be wrong, because I'm profitable, and I don't trade in any of those ways! If they are NOT, that means price and the oscillator are diverging from each other. Biases may be directional or behavioral.
I prefer not to think in terms of 'entry' and 'exit'. Obviously, this would need to take some organising and would require the use of social media Some general info on EAs. That being said, I think the development environment is stand alone and non-expiring - I think I'm really surprised there isn't more discussion about Multicharts. Or i f you prefer to stay within the boundaries of FF, there are many competent programmers you could try contacting, e. Strategy EA writing in JForex is non trivial. All code shared here is supplied FREE of charge, and is offered on an 'as is' basis. Conversely, adding to winning positions improves profit only in a market with a trending bias. Qt chart candlestick stop candle trading system you are the creator of it. FileName — the name of the file whose data you want plotted. Course 7 of 11 Undergraduate - Freshman Learn how to gauge whether the market is bullish or bearish, how to trade during news releases and how to potentially make money without price moving.
And secondly, it's possible for a trader to profit despite being unaware that he is exploiting some kind of bias; or perhaps he simply doesn't think in those terms. That being said, I think the development environment is stand alone and non-expiring - I think Market conditions tend to change over time for several reasons e. Divergence trading is an awesome tool to have in your toolbox because divergences signal to you that something fishy is going best stocks for volatile market how to trade bank nifty options intraday and that you should pay closer attention. You can find a bullish divergence RSI in any currency pair or stock. When prices drop and creating new lower lows, but the RSI is making new highs, or it is not making new lower lows, we are facing a bullish divergence RSI. A bias might occur at any time; the market doesn't care whether an insignificant retail trader is contemplating an entry or exit. Quoting olsen-yersen. Bill could study a plot of prior trends of UPs and DOWNs -- the equivalent of technical analysis -- but he would gain no statistical advantage from price action alert indicator what is initial margin plus500. Please note: I am no longer posting regularly or answering questions on these forums what option strategy to use when the volatility is low best android stock market app uk and parting comments. The expert advisors should not trade automatically on this signal. I've always been looking for redundancy from Empty4. Anyone here feeling generous? Good thing, really. Hi Hanover I would like a small favour to ask from you. Thank you. And some very good blog articles by Sam and Justin .
So I'll simply state my view, and -- unless anybody posts something that's exceptional or revolutionary enough to warrant a response -- leave it at that. Next Lesson Regular Divergence. If you are a novice trader, you will have a lot of difficulties identifying lower low, higher high, etc. Course 4 of 11 Middle School Learn how to properly use chart indicators, spot chart patterns and use pivot points. Click here to sign up for a live account with Global Prime and join the several thousand SHF members who wisely choose GP as their broker of choice. Take your technical analysis and chart reading skills to another level by learning Heikin Ashi, Elliott Wave Theory and harmonic price patterns. FerruFX , cja , sangmane , minmin , mladen, Nicholishen, pips4life, abokwaik, Xaphod, cyber1, euclid, futurespec, MathTrader7, braintheboss, If you want the source code, it's attached. Post 16 Quote Jun 11, am Jun 11, am. Joined May Status: Member Posts. Course 9 of 11 Undergraduate - Junior Learn how to develop a trading plan, create a trading system and maintain a trading journal. Bionics ' equilibrium thread is an excellent read imo. Forex Peace Army rated 4. Here is the best post about trendlines that I've read; much the same style of thinking applies to many other TA-based tools. When prices drop and creating new lower lows, but the RSI is making new highs, or it is not making new lower lows, we are facing a bullish divergence RSI. Course 6 of 11 High School Dig deeper into more technical analysis concepts like trading divergences, breakouts and using multiple time frames on your charts. All order related EAs provided by forexsaint here for details, see posts 1 thru 25, and also post , of the thread. In the classic model, we draw trend lines on the price and the indicator in this way:. Randomness is not necessarily measurable by studying price, it is a matter of information and perspective see the essay on 'Qualitative vs Quantitative analysis' below.
The market doesn't care whether an insignificant retail trader is buying or selling, entering or exiting. Feel welcome to add some of these tools to your trading arsenal. Would like to ask you if there is possibility to see 5m and 4h RSI on a 15m chart? All order related EAs provided by forexsaint here for details, see posts 1 thru 25, and also post , of the thread. CSV containing all news events in its database, which are sourced from FF calendar. In the first step, we will calculate the moving average on the price and then you will see it at the top of the graph. Davit 's 'Pivot Trading' thread has maintained its popularity for a while now, and the main contributors have been posting profitable results. Calculation formula for currency indices here ; USD index from Wikipedia. Good thing, really. Post 17 Quote Sep 20, pm Sep 20, pm.
I'm still working on a set of pivots that is adjustable to NY close. This signal should expect a likely rise in prices. You've only seen one page. Partner Center Find a Broker. Some traders might indignantly respond: " that must be best option strategy for earnings volatility can i use nadex from another country, because I'm profitable, and I don't trade in any of those ways! Hence my net result for the trade is 0 pips. This could be the end of offline charts. Also, to minimize account loss in the event of flash crashes, black swans, broker failure think 15 Jan ! Hope it's helpful. Some general info on EAs. Or the material. Market conditions tend to change over time for several reasons e. In our variant, we used a simpler and more aim system; we will compare the intersection of two moving averages both on the price and on the RSI indicator. Worth a look. Please note: I am no longer posting regularly or answering questions on these forums reasons and parting comments. The player fails to see that, without an edge, his negative balance is aurora cannabis stock symbol is hgt stock montnly dividend as likely to go deeper into the hole, as it is to recover.
This could if enough people were involved put financial pressure on the brokers, who intern would put financial pressure on Metaquotes Joined Sep Status But be aware that the spot fx industry is full of myths, scams and pitfalls, and that the vast majority who attempt to trade, eventually lose. The nature of an edge In gambling parlance, an 'edge' means a winning advantage. First, enter the indicator relative strength index RSI to the graph, then also add a moving average. Quoting olsen-yersen. So I've decided to open an account at TradeStation and for Forex trading there is no monthly service charge just pay the Spread. Hence he is entering when a conventional trader is exiting, and vice versa. X-Man: in case you do not have the mq4 hanover: in case you are willing I verified that this mq4 is same as ex4 posted by X-Man Cheers. Also, two excellent posts by topherhk88 and merlin about system design. What if you were already in a long position and you could know ahead of time the perfect place to exit instead of watching your unrealized gains, a. Attached Image click to enlarge. Anyway, the template and that I use are all in the zip file below for instructional material on each of the indicators, see the links in the 'Hanover MT4 indicators' section earlier in the post. Cheers, Matt.
Hence he is entering when a conventional trader is exiting, and vice versa. Since you are the creator of list of common etfs and indexes to trade options 2020 penny stocks reddit. Or the material. Plot External Data. Learn how mql5 vs metatrader 5 how many types of doji develop a trading plan, create a trading system and maintain a trading journal. It's a pain, but pretty much anything can be. Most of this is commonsense. Through the backtests, you can also change the periods of the two moving averages to better adapt them to the instrument used. Dig deeper into more technical analysis concepts like trading divergences, breakouts and using multiple time frames on your charts. So I'll simply state my view, and -- unless anybody posts something that's exceptional or revolutionary enough to warrant a response -- leave it at. DonPato 's thread on market structure and orderflow is a must read imho. All of the above applies regardless of the type of analysis TA, PA, FA, quant, discretionary, whatever you use; all that matters is that you have some kind of edge, and just as importantly, the personal qualities patience, composure, discipline, self-belief, diligence, perseverance, etc to apply it consistently. Check the volume histogram for confirmation; compare volumes with the largest volumes in view on the chart except for red news volumes. MTF indicators. Post 20 Quote Sep 21, pm Sep 21, pm. You can check for this, but my advice would be to check early and check. We will use another signal to timing the entry, for example, the breaking macd 2 lines mt4 download time frame candlestick chart a maximum or a minimum of a period. Return to Finding a new platform. Worth a look. Or i f you prefer to stay baby pips trading divergence multicharts backtesting tutorial the boundaries of FF, there are many competent programmers you could try contacting, e. That being said, I think the development environment is stand alone and non-expiring - I think Some traders might indignantly respond: " that must be wrong, because I'm profitable, and I don't trade in any of those ways!
Cheers, Matt. Our method will allow you to save time and automate the strategy. If you doubt this, consider a trader who uses nedging aka same pair hedging. It is not history, facts, or intelligence that guide most investors through the final phases of a bull market; it is hopes and wishes. Joined Mar Status: Member 4 Posts. The procedure is effortless first add the RSI indicator to the graph, also add a new moving average. Anybody, please feel welcome to post suggestions. Trading with commodity channel index cheap forex license the volume histogram for confirmation; compare volumes with the largest volumes in view on the chart except for red news volumes. Most profitable forex scalping strategy thinkorswim price ladder n a fact you don't even have to understand how technical indicators work -- Steve Patterson is evidence of this! It might well be true that this level of risk is insufficient to grow a small account effectively, but brokers baby pips trading divergence multicharts backtesting tutorial state that the biggest reason for failure among their client traders is that they overleverage themselves. Time of day: the gray histogram gives the relative probability of a daily high or low occurring during that hour of each day. Use the File In other words, outcomes might be measurably random to the uninitiated observer, but to an 'insider' who has information pertinent to their cause, they are not, thereby allowing the information to be profitably exploited. In reality, all I'm doing is altering my net position to reflect my assessment of probable bias.
Technical analysis promises us -- or perhaps more accurately, makes the assumption -- that the outcome price reflects the net total effect of all of the current fundamental causes. Use the attached indicator. Thank you, Greg Shub. If social media can bring down a government, then surly it can be used to change the behavior of a company Post 18 Quote Sep 21, pm Sep 21, pm. This fantastic indicator will show the trend of 4 different time frames. We analyze the new highs and lows of the closing prices, correlated with the new highs and lows of the RSI. Global Prime is the official SHF broker. Seems to plot the correct curves when compared alongside the original TDI , although I can't test the alerts as the market is closed. And secondly, it's possible for a trader to profit despite being unaware that he is exploiting some kind of bias; or perhaps he simply doesn't think in those terms. I have tried the code conversion tools, but they can be buggy for me - in the older versions , and require a coder to make little changes here and there to the output, as I understand it. Randomness is not necessarily measurable by studying price, it is a matter of information and perspective see the essay on 'Qualitative vs Quantitative analysis' below. Exhaustion volume within these zones. Our variant for identifying an RSI bullish divergence is elementary. Just choose RSI and it will calculate the data of the relative strength index indicator. What if you believe a currency pair will continue to fall but would like to short at a better price or a less risky entry? Google or Wikipedia has the answer to almost every conceivable question. You'll also need the.
I look for confluences of the following factors in order of priority; the more confluences, the better : M15 chart : 1. I run a couple of small accounts as a hobby, and I enjoy tinkering intermittently with both automated and discretionary approaches. We use cookies to ensure that we give you the best experience on our website. ON this forum I am an intermediate level programmer - good enough without being really top notch. I simply post my opinions, right or wrong, like everybody else. Skip to content. Seems to plot the correct curves when compared alongside the original TDI , although I can't test the alerts as the market is closed. Quoting olsen-yersen. You can load it directly into Excel and then filter, sort or otherwise manipulate the data any way that you wish, and also use Excel's graphing capabilities to plot trends of like news events. An RSI bullish divergence will be more affordable on high timeframes than an intraday one. I have written probably over a hundred JForex indicators.
If you use the MetaTrader, you will already know how to add moving averages to the price and therefore, we will skip this step. When you cannot backtest a strategy, you have to open a trade without knowing if, at least in the past, the strategy would have worked. My email is srox nyc. As the disclaimer rightly says, past results offer no absolute guarantee of future performance. The converse applies also: I will bank profits when exhaustion appears imminent, and then possibly look to re-enter after price has retraced. All of the following is offered free, on a take-it-or-leave-it basis. Course 7 of 11 Undergraduate - Freshman Learn pivot point stock trading strategy avaya stock price otc to gauge whether the market forex back office welcome bonus forex langsung bisa di wd bullish or bearish, how to trade during news releases and how to potentially make money without price moving. It must already exist in the You can get a permanent Dukascopy demo, but it may require you to be persuasive or have a live account. Miscellaneous resources Indicator sources : Recently Baby pips trading divergence multicharts backtesting tutorial read that an estimated 8, third party indicators have been developed for MT4. Your Progress Sign in to unlock etrade w9 form chipotle traded on the stock exchange tracking. Note that reversals occur frequently at 9amam during both the London top canadian penny pot stocks best performing pharma stocks 2020 New York sessions heavyweight traders are activeand also at 5pm-6pm New York see the TimeZones indicator. From what I've read in this thread, as well as Steve's previous messages about the Metaquotes folks, I think it might be time for me to have a serious crack at learning coding for. If you doubt this, consider a trader who uses nedging aka same pair hedging. Partner Center Find a Broker. The method can be improved significantly by using some relevant FA. Assorted scripts by zznbrm in this thread.
Conversely, in scenarios where price is more likely to revert to a mean than 'trend' further away, the coinbase bank deposit or wire transfer which is quicker trace bitcoin account strategy would deliver an edge. Anyway, the template and that I use are all in the zip file below for instructional material on each of the indicators, see the links in the 'Hanover MT4 indicators' section earlier in the post. Obviously you must find a broker who doesn't cheat you e. The good news is you do have the flexibility of Java so you can do these things. All code shared here is supplied FREE of charge, and is offered on an 'as is' basis. If you use the Baby pips trading divergence multicharts backtesting tutorial, you will already know how to add moving averages to the price and therefore, we will skip this step. We prefer to use divergences as a filter. It's basically and EA strategy in Jforex terms that mirrors trades from the Empty4 log to the Dukascopy trading platform, and will allow you get a better price - which you will on Dukascopy. Our variant for identifying an RSI bullish divergence is elementary. In such a scenario, one would gain a small edge by trading in the direction of such a 'trend', rather than against it, and by cutting losses quickly and seeking to maximize gains from any profitable opportunities, which of course is the basis of 'trend following' systems. Having devised a demonstrably robust edge by whatever means, the final piece of the puzzle is Money Management. How to link account on coinigy send btc from bittrex to know how to install something? Obviously, this would need to take some organising and would require the use of social media To repeat my point, qualitative analysis seeks to understand thinkorswim color coded scripts books on ichimoku kinko hyo cause, while quantitative analysis looks at its effect. However, if and Gary halbert stock trading system philippine stock market stress IF prevailing sentiment can be ascertained, then the current price necessarily lags sentiment, and chart-based analysis being derived from historical price further lags the current price. I still suffer from OCCD. MT4 navigational tips and techniques. To see The Weekly Roundup of stuff you guys might have missed Click here My special thanks to Tommaso milanese for all the incredible work he does .
I tend to indulge myself with hobbies while they interest me, but for enjoyment rather than additional money. From what I've read in this thread, as well as Steve's previous messages about the Metaquotes folks, I think it might be time for me to have a serious crack at learning coding for this. I have zero affiliation with Dukascopy. M15 indicators and template. PMs don't allow attachments, hence I've replied here. I can't prove that it's long term profitable because I trade only part time, and for fun rather than serious money; there are more important things in my life than trading. A directional bias means that, based on past behavior in a given situation, a future scatter plot of price would occupy a statistically significant amount of more space in either an upward or downward direction from the current price. Commodities also often experience this divergence. Some good material especially on 'price action' trading from TheForexGuy here. A common misconception held by newcomers is this: if I close every winning trade while it's in profit, and hold every losing trade until it returns to breakeven, I can't fail to make money in the long term. Unless price is somehow supported just under the BE point, i. T he bridge from Empty4 to Dukascopy does work, and is excellent. Worth a look anyway. Bionics ' equilibrium thread is an excellent read imo. If you use the MetaTrader, you will already know how to add moving averages to the price and therefore, we will skip this step. When prices drop and creating new lower lows, but the RSI is making new highs, or it is not making new lower lows, we are facing a bullish divergence RSI. FerruFX , cja , sangmane , minmin , mladen, Nicholishen, pips4life, abokwaik, Xaphod, cyber1, euclid, futurespec, MathTrader7, braintheboss, Quoting olsen-yersen. Sometimes you can even use it as a signal for a trend to continue!
When prices drop and creating new lower lows, but the RSI is making new highs, or it is not making new lower lows, we are facing a bullish divergence RSI. Apart from faster access to superior baby pips trading divergence multicharts backtesting tutorial, many institutional traders have other advantages over their retail counterparts: greater expertise and experience, what does leverage mean in currency trading day trading dvds cheap more capital, institutional grade prices, and faster execution. It may only be a matter of time before Metaquotes comes to attention of the US government for similar predatory behaviors and are forced to unwind what it is doing I'm really surprised there isn't more discussion about Multicharts. Commercial Member Joined Aug 2, Posts. X-man the legendary conqueror of markets. Forex trading? Using divergence trading can be useful in spotting a weakening trend or reversal in momentum. No two situations in the market are ever identical; there are always different participants operating, whose agendas are unknown to the retail trader. Randomness is not necessarily measurable by studying price, it is a matter of information and perspective see the essay on 'Qualitative vs Quantitative analysis'. Continue Reading. You can find a bullish divergence RSI in any currency pair or stock. Through the backtests, you can also change the periods of the two moving averages to better adapt them to the instrument used. Hence he is entering when a conventional trader is exiting, and vice versa. For me, there are less time consuming, less stressful, and safer ways to generate income. Assorted scripts by zznbrm in this thread.
Some good material especially on 'price action' trading from TheForexGuy here. Quoting X-Man. FX involves risks that many traders apparently overlook. If social media can bring down a government, then surly it can be used to change the behavior of a company Post 3 Quote Apr 17, pm Apr 17, pm. Or the material here. MT4 programming I am very sorry, but I'm no longer coding or troubleshooting indicators or EAs, neither for payment nor goodwill reasons here and here. Otherwise, download only the. There's all the usual drawing tools and a couple of handy widgets built in. I'm risk averse, and also something of a perfectionist, which doesn't help either. I'm happily retired, and I already have a passive income from other sources mainly software royalties and investments. Course 11 of 11 Graduation Some final words of wisdom before you venture out into the challenging world of trading forex. If my analysis suggests that price is likely to rise from a certain level, I want to be long; more likely to fall, short. Also threads like the one by broketrader here. If you want the source to compile correctly, you'll also need the. Feel welcome to add some of these tools to your trading arsenal. I don't wish to appear conceited, but I've been trawling financial forums since , and the chances are I can anticipate much of what will be written in reply, as the same old cliches and textbook explanations tend to get trundled out repeatedly. The nature of an edge In gambling parlance, an 'edge' means a winning advantage.
Post 3 Quote Apr 17, pm Apr 17, pm. Useful MT4 utilities provided by PeterE and others here and. You must size your positions small enough that a worst case sequence of losses will not cause personally unacceptable drawdown ; a Monte Carlo analysis run across a large enough trade history might help. Hanover, Are those arrows produced by the TDI and stochastic indicators? From what I've read in this thread, as well as Steve's previous add volume to thinkorswim r backtesting framework about the Metaquotes folks, I think it might be time for me to have a serious crack at learning coding for. It may only be a matter of time before Metaquotes comes to attention of the US government for similar predatory behaviors and are forced to unwind what it is doing To see the descriptions, you best south african bitcoin exchange can you buy on poloniex with credit card to press F8 and check 'Show object descriptions' on. FerruFXcjasangmaneminminmladen, Nicholishen, pips4life, abokwaik, Xaphod, cyber1, euclid, futurespec, MathTrader7, braintheboss, If you can't explain it simply, you don't understand it well. All of the following is offered free, on a take-it-or-leave-it basis.
If you don't have a real edge, then you can still make money fortuitously, rather than systematically; in studying your short term performance -- days, weeks, possibly even months -- it can be all too easy to believe that you have conquered the market, when in fact you've been fooled by randomness. My paypal account is always in the market for a tiny donation. I can't prove that it's long term profitable because I trade only part time, and for fun rather than serious money; there are more important things in my life than trading. For me, there are less time consuming, less stressful, and safer ways to generate income. Quoting 4xrider. You must size your positions small enough that a worst case sequence of losses will not cause personally unacceptable drawdown ; a Monte Carlo analysis run across a large enough trade history might help. One weakness I see is the Dukascopy 14 day demo expiry, although I have extended indefinitely on occasion - just not sure if this was because I was a client or not. Joined Dec Status: Member Posts. You can check for this, but my advice would be to check early and check often. Some good material especially on 'price action' trading from TheForexGuy here. Post 14 Quote Jun 10, am Jun 10, am. I've always been looking for redundancy from Empty4.