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Forum: Rate my Software 08-12-2008, 04:07 PM
Replies: 18
Views: 3,600
Posted By Black Knight
Exactly, Brain... or on the importance of...

Exactly, Brain... or on the importance of back-up/disaster recovery plans or routine disk maintenance. ;)

Black Knight
fxKnight.com
Forum: Rate my Software 08-12-2008, 12:11 PM
Replies: 18
Views: 3,600
Posted By Black Knight
you cannot possibly trade without having a V8 440...

you cannot possibly trade without having a V8 440 cubic inch engine under the hood!

I never said anything of the sort. :) In the end the trader makes the profits, and not the hardware (though...
Forum: Rate my Software 08-10-2008, 05:24 PM
Replies: 18
Views: 3,600
Posted By Black Knight
Absolutely... great point, outspan. I didn't...

Absolutely... great point, outspan. I didn't pick my components because they were "gamer", simply because they either had features I wanted or because I liked the price/performance ratio. The...
Forum: Rate my Software 08-07-2008, 02:01 PM
Replies: 18
Views: 3,600
Posted By Black Knight
Lightbulb Building a Trading Computer

Okay, reconnecting with my inner geek...

Several of you have asked me about specs for building a powerful PC. While I do not claim to be an IT expert, I did recently build a trading workstation...
Forum: Forextown 02-26-2008, 10:00 AM
Replies: 53
Views: 2,656
Posted By Black Knight
Great point. I will keep this in mind for future...

Great point. I will keep this in mind for future posts, thanks.
Forum: Forextown 02-26-2008, 08:27 AM
Replies: 53
Views: 2,656
Posted By Black Knight
Agree 110%!

Agree 110%!
Forum: Forextown 02-26-2008, 08:18 AM
Replies: 53
Views: 2,656
Posted By Black Knight
Wow... I wish you good luck. You'll need it. ...

Wow... I wish you good luck. You'll need it. You really cannot afford to be unlucky with such big positions (relative to your account size). You're taking the "gunslinger" approach. I just hope...
Forum: Forextown 02-26-2008, 08:07 AM
Replies: 53
Views: 2,656
Posted By Black Knight
Well, here you made the assumption, I'm afraid. ...

Well, here you made the assumption, I'm afraid. I said it can be approached from two different angles, which is what people often forget. I never claimed them to be independent of one another. ...
Forum: Forextown 02-25-2008, 03:19 PM
Replies: 53
Views: 2,656
Posted By Black Knight
Rhody - point taken on assuming what is "obvious"...

Rhody - point taken on assuming what is "obvious" and what is not. Though I don't recall saying stops & position sizing were independent - quite the opposite:

"if you need to use more lots, you...
Forum: Forextown 02-25-2008, 08:55 AM
Replies: 53
Views: 2,656
Posted By Black Knight
Stop

You're misunderstanding what I said. Obviously you cannot just arbitrarily bring stops in tighter - the stop has to be proportionate to your time frame and to your particular trading system in order...
Forum: Forextown 02-25-2008, 04:57 AM
Replies: 53
Views: 2,656
Posted By Black Knight
Forward Testing

Some good points in that article. However I would caution against putting too much weight in back-testing. Back-testing is useful in weeding out systems that have flaws. But, when it comes to...
Forum: Forextown 02-24-2008, 09:46 AM
Replies: 15
Views: 1,498
Posted By Black Knight
Best I Know Of...

George Soros is widely acknowledged as the best ever, maintaining a lifetime average of 31% over 37 years of active trading. That's annually, by the way, not monthly.

The problem with all the...
Forum: Forextown 02-24-2008, 09:42 AM
Replies: 53
Views: 2,656
Posted By Black Knight
3%

Hi Under18,

I don't risk 3%, my maximum is 2% (meaning if I'm iffy on a position I often put on 1% or 0.5%). Yes, $30 on a $1000 account doesn't sound like much - but $1000 is not a whole lot to...
Forum: Forextown 02-23-2008, 11:39 AM
Replies: 15
Views: 1,498
Posted By Black Knight
Finding BK

We have a free chat room for traders (along with lots of other free goodies), but the powers-that-be here don't allow people to post links, even if it helps you and doesn't cost anything. Perhaps...
Forum: Forextown 02-17-2008, 08:33 AM
Replies: 53
Views: 2,656
Posted By Black Knight
Money Management 101

$1k in equity means you can use 1 mini lot if your stop is 20 pips away (2%), 2 mini lots if your stop is 10 pips away. Not a whole "lot" of flexibility. My advice would be either to trade on demo...
Forum: Forextown 02-16-2008, 10:10 PM
Replies: 53
Views: 2,656
Posted By Black Knight
Lightbulb Money Management 101

Hi there,

Your mistake is actually a rather common one among beginners... it is easy to get caught up in euphoria after a string of wins, only to do something really silly and give it all back to...
Forum: Forextown 02-16-2008, 09:53 PM
Replies: 15
Views: 1,498
Posted By Black Knight
Getting Good

Institutional traders do strike out on their own, quite often in fact. And the best ones in the private sector go on to manage private pools of capital.

If I were to sum up the keys to success,...
Forum: Forextown 02-16-2008, 09:39 PM
Replies: 9
Views: 595
Posted By Black Knight
Lightbulb Pivots & Fibs in MT4

Fibs and pivots are not the same thing, however when these levels line up, that particular support/resistance level is that much more powerful. If I'm in a trade and I see a pivot and a Fib line up...
Forum: Rate my Software 11-13-2007, 07:06 AM
Replies: 0
Views: 568
Posted By Black Knight
Exclamation Watch out for hotComm / 1st Works!

I really dislike making posts such as this one, but I feel it is my duty to warn people of prowlers and abusers out there in the trading world. No doubt, if you've spent any time in trading rooms,...
Forum: Rate my Software 09-28-2007, 07:59 AM
Replies: 0
Views: 304
Posted By Black Knight
Lightbulb Reconfiguring Fibs in MT4

It has just come to my attention that MetaTrader 4 handles and plots fibs a bit differently than other popular platforms such as eSignal, VT Trader, TradeStation, etc.

The attached document will...
Forum: Forextown 05-18-2007, 04:40 PM
Replies: 53
Views: 14,334
Posted By Black Knight
Forex Success Stories

George Soros happens to be a personal hero. And not just because of Black Wednesday, but because of the work of the Soros Foundation and the Open Society Institute (by the way, rumor has it that he...
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