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1
Managed Accounts & Signal Services / Re: DIY Frequent Trader
« Last post by diyforexskills on Today at 05:04:57 AM »
Mix and Match

We closed out some nice profits this week but at the expense of accumulating some more open DD. I am gradually changing the strategies to ones with tighter exits but I am still uncomfortable with the size of open DDs. Having said that, I am also slowly recovering from some very large open DDs from legacy trades on the master account following some of the big moves last week. So a win for the long-timers, but not so good for those who have joined in the last month or so who never had these legacy trades in their accounts.

Hence I am now exploring a somewhat different approach - combining a ranging strategy with a trend strategy for each pair. The ranging strategy does both longs and shorts, while the trending ones have separate settings for longs and shorts; so three charts per pair. That way we can make make money under both market conditions. With the current strategies I always found it annoying when we missed out on trading some of the occasional big moves.

BTs for this approach for USDCAD are shown below. For the 6 months BT, trading 0.01 lots, the combined profit from these three strategies is around $2000, which would translate to a doubling of the account size. The future of course will never be as rosy.

All three strategies have both hard SLs at 100 pips (with current strategies open positions can go to -300 pips or so before at least partially recovering) and a dynamic one. And the trending ones have large TPs of course compared to only max 100 pips pips for the ranging one. Still not capturing all of the big trends but much more than with current strategies.
2
General Trading Discussion / Re: EUR/USD
« Last post by drunkfx on November 26, 2021, 05:20:52 PM »
Yes I also expect rebound to pull the price at least towards to major bearish trendline, should be around 1.15 level
3
General Trading Discussion / Re: Which is the best trading platforms
« Last post by drunkfx on November 26, 2021, 05:18:34 PM »
I think these days MT5 should be considered as well. MT4 is fantastic, but it is aging - Metaquotes announced quite a while ago that they won't develop it anymore, unlike MT5.

Yes i have noticed for a long time ago if Metatrader4 does not get support to develop and the company will focus on developing Metatrader 5, like as now Microsoft does not support windows 7 but still, many users choose windows 7, because comfortable to use, MT4 still comfortable to use among trader, as long as still can be used maybe still stick to use the platform.

Yeah but still for traders who got accustomed to using MT4, switching to MT5 makes little sense because all necessary features for trading remained the same.
4
General Trading Discussion / Re: EUR/USD
« Last post by Eliza Abrams on November 26, 2021, 02:57:37 PM »


    It pulled back from 1.1200 and I think next week we may finally see some correction forming.

5
Not good. I stopped mine a week or so ago. Loss after loss. Robinhood ea does better although its in a huge drawdown right now on the eur.
6
Please share your experience or thoughts about the Edge Miner EA by Forex21.

The developer claims it's a machine learning EA trading an advanced version of a mean reversion strategy.

https://forex21.com/edge-miner-expert-advisor   
7
General Trading Discussion / Re: What's your favourite currency pair to trade?
« Last post by fxopen78 on November 25, 2021, 10:38:59 PM »
Even with high spreads or commission long positions on USDTRY look quite lucrative.

If we can get the best time when the trend has been started, it will very lucrative, but when correction time, it will disturb psychology, the loss will be higher than trade on major pairs.
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General Trading Discussion / Re: EUR/USD
« Last post by fxopen78 on November 25, 2021, 10:35:40 PM »
The price today, EURUSD still in low trading volume, yesterday movement still move inside the bar, the next trading scenario, if price break low, then possible continue bearish, but if break high, maybe temporary bullish occurs.
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General Trading Discussion / Re: EUR/USD
« Last post by drunkfx on November 25, 2021, 06:00:09 PM »
Support at 1.1170 look quite solid also almost all bullish catalysts on USD have been priced. Only equities correction can help  it to shoot higher
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General Trading Discussion / Re: What's your favourite currency pair to trade?
« Last post by drunkfx on November 25, 2021, 05:58:37 PM »
Even with high spreads or commission long positions on USDTRY look quite lucrative.
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* Recent Posts

Re: DIY Frequent Trader by diyforexskills
[Today at 05:04:57 AM]


Re: EUR/USD by drunkfx
[November 26, 2021, 05:20:52 PM]


Re: Which is the best trading platforms by drunkfx
[November 26, 2021, 05:18:34 PM]


Re: EUR/USD by Eliza Abrams
[November 26, 2021, 02:57:37 PM]


Re: Edge Miner EA by Forex21 by Ron
[November 26, 2021, 01:19:20 PM]


Edge Miner EA by Forex21 by taru
[November 26, 2021, 07:30:23 AM]


Re: What's your favourite currency pair to trade? by fxopen78
[November 25, 2021, 10:38:59 PM]


Re: EUR/USD by fxopen78
[November 25, 2021, 10:35:40 PM]


Re: EUR/USD by drunkfx
[November 25, 2021, 06:00:09 PM]


Re: What's your favourite currency pair to trade? by drunkfx
[November 25, 2021, 05:58:37 PM]