chrisbenjy

size of sl on its own has nothing to do with the quality of a system, especially if it is out of context. 8-20 pip sl might seem alright on a intraday scalping strategy on a low timeframe, but is suicidal in long term swing trading. However, judging performance based on sl is pointless unless you also analyse the tp. If the sl is twice as big as the tp, then this is unlikely to be very profitable in the long run unless you can predict the market correctly almost all the time. 1:1 is as low as you should aim, and in my opinion is acceptable in all circumstances if the probability of a winning trade is over 50%.

The connection problems are because of the FBI tapping into your line and monitoring your activities because you been watching naughty movies!

Good names. Isn't Stormin Norman already a mod?

This is a really good film. I've seen it many times.

Yeah, I've heard complaints about FXCM all over the place. Mainly things to to with their MT4 bridge connection which is apparently useless.

Both EA's and manual trading can be profitable. Not every profitable manual system can be a profitable EA, e.g. one with discretionary factors. On the other hand: it does not act on emotions; if programmed correctly it is less prone to error; and an EA is very quick at decision making. Also, You try doing what an EA does, calculating support and resistance levels, calculating stop loss based on these levels, then calculating trade volume based on the stop loss and risk, scan prior price action and indicator values looking for a trade signal, check the trade is acceptable (e.g. price is within the previous days range, etc), then send an order: all within one tick. This is a huge advantage with scalping strategies. I personally use both EA's and manual systems. I am working many hours a day trying to create my own profitable systems.

Hey, What do you think is the best platform for creating automated systems and custom indicators? I've learned to program MQL, but i'm looking to compare MQL with languages from other platforms and expland my programming skills. Thanks Chris