dmedin

There are so many other indicators I have to test. And other variables to consider for example the slope of the 200 EMA. And then of course I will eventually have to start writing Pine scripts and backtest shares. Oh I have many hours of work ahead of me 🤯💨

Do you find it easier to trade coffee than the other commodities (which don't require so much margin)? I've heard that many traders specialize in particular commodities or markets.

I need to program myself a system, so I don't miss out on trades overnight or when I'm trying to pretend to work during the day

A local Java server running on Windows? Must be secure AF, I'd totally trust my money with it

Any tips, Tom? 🤓

100 backtests of the U.S. dollar index, H4 timeframe with R:R of 1:1.5 gives 53% win rate 25.61 points But the first trade is in October 2015, and the last trade is dated 3rd August this year! And for 2019, the account lost money! That would take a fair bit of patience to endure in 'real time'! Time to test hourly ... And then try optimizing and tweaking things 🤯

Where did you get that thingy from, Tom 🤓

My results so far suggest using 1:1.5 instead of 1:2 risk-to-reward yields far better results on four-hour forex

Big improvement in results so far using 1:1.5 instead of 1:2 🤓

Unlikely to see any of those on the web platform soon if ever. But you can get them on IG's version of ProRealTime.

Yikes, I was thinking about using them as a backup broker in the future. https://www.cftc.gov/PressRoom/PressReleases/8224-20

Shame a single contract requires £1000 of margin. That's almost as much coffee as I drink in a typical week

Backtesting FX this weekend. Going to try for risk-to-reward of 1:1.5 instead of 1:2. I like H4 for forex so that I can capture significant moves at minimum bet size. But will obviously have to test H1 as well.

Why didn't I take out this short trade on FTSE 100 as the rules of my system dictate? Because the entry signal was generated at 1am when I was in bed 😢

Noooo I should try your 5 min system on the DEMO to keep me occupied instead 🤓

Ending the week on a positive note.

Still open, but looks unhealthy AF. Overtrading, bad timing and breaking your rules leads to losses nearly 100% of the time: so find something else to do during the day. God only knows what though. Selling TA courses maybe?

How many clients have actually lost money because of this? Curious to know. The Monday 'daily pivots' are obviously wrong just from the way they look. But does it affect the calculations of moving averages, MACD, etc too? If so then all of these indicators could potentially be off. And all because of IG's 'exclusive' weekend markets. Which are absolute and utter garbage with enormous spreads and next-to-no trading volume.

Do you use online banking? It doesn't matter how great you think you are, that's not the point. If IG's internal systems get hacked, your money is gone. I suggest you get some education on this matter before you proffer your opinion.

Ex-poster Mercury used a 88.6% retracement level in his charts and I was wondering where that came from (had never encountered it before, not even in the Elliot Wave Principle book by Prechter and Frost). This is a good article on Fibs in general and he goes into specifics about 88.6% further down. https://www.dailyforex.com/forex-articles/2011/05/fibonacci-and-forex-ratios-and-retracements/7850 Personally, I have often seen 88.6% being a valid reversal point.

Nope! Another fakeout. Had about a dozen of them in a row this week

Oh Tom, I thought DAX was above to reverse but it's back down now.

Lost control of my emotions today. Need to become a 'mechnical trader' and not have emotions 🤖

Total disaster of a week. Will do some backtesting of FX pairs this weekend and go back at it next week. Got nothing else to do

Need the DAX to keep falling to S3 Yes, this is a legitimate trade per my 'system'.