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Thanks Erebus Yes absolutely, 4 hour trading ideas usually work well when they resonate well with what's going on with the daily chart. I am working on an alert feature that will alert us to 4 hour candlestick patterns while we're watching the daily chart. Stay tuned:)

Be careful with some of those recommendations, especially Hot Forex - which is regulated by an island of Africa. I wouldn't feel secure with my money with them.

I think I've come across that backtester before. I have developed a similar one for MT4 - that one has major issues when using pending orders. I will bring mine out soon, it works perfectly.

Hi Sunny, This is a common question, but I think the logic trap here is to set static goals like this. 'How many trades should I take a week' or 'how much do I need to make per month'. The market is dynamic and you need to be too. Some weeks you may need stay out completely because the market...

Nice setup Danny, the cad weakened a lot last session. USDCAD has a large bullish rejection candle also.

I am not into scalping as you know, but I do welcome the discussion here. Just because I don't get into it, doesn't mean other traders don't like it.

That's an excellent point, you may even have your chart set to 'bar charts'. Press ALT+2 to switch to candlesticks.

I can understand why you must be frustrated and I really think it comes down to this. The way I look at it is like so; The market cycles between moving and flat conditions. We've just come out of some nice trending conditions where nailing a good trade is much easier. These conditions come and...

Hi Danny, I like your USDCAD trade idea.

Can you please show me a screen shot of your chart

Your money should be in a segregated bank account, ETX should only be allowed to move your funds only WITH your permission - otherwise they can't touch it. What they will do is ring you and try sell you their service, and baiting you to you move over to them with offers. I have a contact in...

Hi Danny, I am glad you've found a level of peace with the markets. Thank you for your kind words and I hope your trading only continues to improve from here on in.

Hi tradergirl, welcome to the forums!

Welcome aboard Hayden - Thanks for the motivational feedback :) Looking forward to your posts.

Welcome aboard to all the new comers, look forward to trading with you all!

Yes, if you read the post very carefully you will see I was trying to mitigate the losses of one trade by hedging with another, which at one point there would be two trades open and one of them would have to hit a 1:1 target. But this is the part where I screwed up because I didn't factor in...

I don't know much about them, but I did my research and found Vantage FX Uk were a good broker - which are now changing their flag to Go Markets Uk. If you don't know I've organised anyone who joins up with them gets a spread discount. They are my broker now and I am very happy with them. They...

1 R is the total risk for the trade. 0.5 is 1/2. So if I risk $100, 0.5R is $50

If you read my post above, I made an error in my calculations which effected the outcome of the strategy. This was just an idea I put out - 'food for thought'. 0.5 risk comes from the split money management strategy. This is meant to be a combinations of failed trades, hedging and the split mm...

Ok I will look into it. Thanks for letting me know.