$2.74 To $2740 within 10 days

Beginner Questions
529

usually i am using 10 pips TP its always available

we have 3 options exit loss trades

1, SL
2, Hedge
3, Martingale

SL is normal method everyone is using tight SL and BE based on analytical skills

Hedge ( not in america ) to protect wrong trade they not using SL but waiting for retrace to close first trade

Martingale is account wipe method but can use with small lot size increment, this also need retrace

this three exit methods we can use in number of technical and fundamental strategies so the test actually never end …

530

And how come your account died? Your demo, to make it worst.

531

Last day i opened 3 extra trades was not good for MM,

532

That shows you are not doing it right. And its not even real money for you to be psycho about it.

533

lol

look the current open trades

usd/cad
usd/chf
eur/usd

leandar2 System | Myfxbook

10 pips TP, is it will go wrong side or will hit my TP or not and why? lets talk trades and charts

let me finish this 10 test journal also.

534

brokers trading against the clients trades is the reason clients always loss money cause they are making market against average micro traders also clients was involved leverage trap but not banks or brokers.

once i used traders real time sentiment to trade against average traders but that feed was not very real time check this here last 1 hours traders insight and trade against them for 10 pips …lol

Top Traders’ Insight - Imitate The Pro Forex Traders | eToro

535

Trust me on this leandar:

I your case and with this ‘strategy’: no ‘bucketshop’ broker needs to expend the effort to trade against you to take your money. Come to think of it: this being a demo a ‘bucketshop’ broker should be going out of their way to HELP you to make money with this ‘strategy’ so that you CAN double your money every day for a week or so and then ‘drop’ $10 000 into a live account at the same broker and, well, within 24-hours you’ll have paid for the Chrismas Party they just had!!! LOL!!!

Regards,

Dale.

536

lol, I don’t think Leandar will ever see the light … no matter how you argument or how often you repeat those arguments.
The reason for that, in my opinion, is not that he cannot understand but rather that he doesnt want to understand.
He is just so bent on getting rich quickly and has acquired so many bad and dangerous trading habits on the way that he is beyond salvation, hehe.
One can only hope that his luck will hold long enough for him to learn better (a paradoxon, I know), before he wipes out some real-money accounts … or failing that, one must hope that at least the well-being of his family does not depend on his forex ‘earnings’.

I for my part shall treat this thread as a ‘Pub Thread’, like Piptronix suggested … a place to go to chat with one’s friends and get some interesting info along the way. I have already profited from some of Dale’s and Buckscoder’s posts in this thread, so all is good for me.

Cheers,
O.

537

Yeh: and the best part is that you cannot get a hangover from being in THIS ‘pub’!!! LOL!!!

Regards,

Dale.

538

Yeah, true, but beware of the ‘Forex Flash’, hehe … a ‘Chart Overdose’ or a ‘Stochastic Poisoning’ can be very dangerous, too. And the only remedy known to man is ‘Massive Pip Intake’ … ‘Vitamin P’, ya know. :smiley:

Cheers (literally hehe),
O.

539

FAR too ‘clever’ and ‘sharp’ for me you are!!! LOL!!! I’m still in ‘recovery mode’ believe it or not.

Regards,

Dale.

540

Look gold weekly chart, it breaks major support next is 1478

1082×356

541

Okay, in the spirit of jumping from topic to topic in a pub I have a serious issue, on which I could do with some advice:

As some of you know, I’m not a newbie at trading … but I am a total noob at trading online and hence know next to nothing about online trading platforms such as MT4.

When in the chat room some days ago with Master Tang, I complained about not being able to place S/L and T/P when opening a position with MT4, due to my broker being ECN and thus using ‘Market Execution’, not ‘Instant Execution’.
MT said he had no problems placing S/L and T/P right together with the original position, even with his ECN broker.

Now I have been looking at the FAQs of my broker and found this, in reply to the question ‘I can’t place a stop loss or take profit order on my trade’: '[I]On market execution you cannot place your pending orders before execution of the entry order. After placing the trade, you can add your stop/limit orders through the Terminal.[/I]'
Meaning I have to open a position and then, once it’s opened, use the Edit Order function to add S/L and T/P manually.
While this does not present a problem in itself (even though it is a bit cumbersome) for the time being, since I will only trade manually, I wonder how to place S/L and T/P when using an EA, at a later stage.
Is it even possible to program an EA in a way that it will access existing positions to add S/L and T/P to it? And even if it is possible, wouldn’t it be a lot of effort to program it accordingly?

I am also wondering whether this is a peculiarity of my broker’s or whether it is thus with all STP/ECN brokers.

I would be grateful to get some feedback on this, especially from somebody like Buckscoder, who seems to be an expert on EAs.

Off-topic: One thing I liked about my broker’s FAQ page was their reply to the question ‘Do you offer bonuses?’ Answer: '[I]No. We ask traders to be wary of Brokers that offer bonuses and free money.[/I]'
I think this goes some way to show that a broker is serious, and is not an ‘Online Casino’.

Cheers,
O.

P.S.: Yay, post #100 … not too shabby, in two weeks.
P.P.S.: Another YAY!! (after having published the post) … I’m not a Newbie anymore, haha.

542

Oliver

I think your broker is FXCM they don’t give bonus and also not allowed SL/TP with their ECN account when open orders

we can create EA for ECN by using code “OrderModify()”

How do i Make my ea work with an ecn broker??? - MQL4 forum

543

Thanks for the link, Leandar, that’ll come in handy.
No, I’m not with FXCM … from all I’ve seen and read about them, they suck, hehe.
It’s good to know there is a way to add S/L and T/P when using an EA, by modifying the order … so it’s just a matter of learning the code, which can’t be too hard … MQL4 doesn’t seem to be a complicated language.

O.

544

Try this and share your ideas

Expert Advisor Builder for MetaTrader 4

545

Where did you get this indicator. Probably the best and most accurate indicator I have ever seen.

546

Unemployment Claims right now and Pending Home Sales m/m 1: 30 min later

547

Hello there
I haven’t worked with ea’s but I also have the problem of setting stop losses on market execution.
For me its a blessing in disguise because it forces me to place pending orders, and on pending orders you can set your stop and take profit at the time of placing the trade.
Why is it a blessing? Well because the fact that I was using market execution was proof that I was rushing into trades, not thinking them through.

Hope this helps.

Cheers
PS congrats on the upgrade to junior lol

548

Same like in skiing. That’s why I learned it right from the start. Like trading. :slight_smile: