Recent content by Spellkiller

sure. I agree with this quotation. stress is the response of something we choose. if we choose trading, overleveraging and get stopped out, then there's a stress :) at the same time I think that stress impact can be belittled via different spiritual practices like meditation. we make wrong...

Sure, the point is to understand the level of "impactfulness" of the news released. For instance, some major ones like a typical FRS meeting are crucial for the market and depending on the decision of the FRS market reacts differently. My friend once had a chance to leave opened positions...

Whenever I want to select a copy for trading his strategies, I, of course, like many traders assesses profitability first. This is the most crucial criteria, how much profits he has managed to acquire due to his strategy. Then, of course, I scrutinize the strategy itself trying to point out its...

Hm... They may actually. It depends on the side to look at this situation from. Abusing from the point of funds can be natural to poor quality brokers or even scam ones. They can easily cheat on clients, while decent brokers tend to ensures high quality conditions and only then impose some...

That’s some newbie trading math! xD It will never be as smooth as you have described. You have to withdraw some part of the profits from your account to break even in the beginning. Also it depends on the strategy you trade. But the general rule of thumb is to withdraw profits on a regular basis.

I do respect scalpers. Scalping is art of handling your own nerves. That’s how I understand it. From time to time I scalp, but I do this rarely. Perhaps, soon I will never get back to it. I feel more confident on higher timeframes starting from H4.

Ideally, we should create trading plan and it should be detailed enough and come with alternative scenarios something like this – if it doesn’t go this way than I should… Nevertheless, my experience showed that trading plans are nearly worthless. It’s because it’s impossible to predict the...

It is possible, I believe. Hard, but possible. There are multiple variables that should align. Like even your personality traits must fit into this sphere. Some people are just not born for this kind of activity. But for others, hard work and emotional stability will do the job.

Well, not really. I test it on various timeframes right now, just to see where it gives better results.

It is possible. But it requires a lot of testing on a demo account. And you have to be patient with it, so it potentially can take a lot of your time. Plus when the trading algorithm is not worth it, but you spent so much time on testing, it kinda can be frustrating.

Not really. It will be a bit complicated to explain exactly how it works. But in simple terms it’s some kind of an arbitrage advisor. At least one of them. At the moment I’m doing some testing and tweaking on a demo account. It shows decent results, not very stable though. I'm trying to figure...

Yeah, yeah mate. Trade.com is completely approved for algo trading. On both MT4 & MT5 platforms. I assume as long as the broker has MT apps in its repertoire, it’s highly probable you can deploy trading bots as well. But check the broker's specifications anyways, just not to get yourself in trouble.

Sure! If you like GBP assets, there is a chance you’ll like EUR/GBP. It’s also volatile af :) Aren’t all of the GBP traders adrenaline junkies? hahaha. But frankly speaking I think about algo trading with these pairs so I look for an appropriate place to do so.

What do y’all think about crosses like EUR/GBP and GBP/JPY? specifically about their spreads at trade.com. I ask this because I think I have figured out the movement patterns on these ones. Plus they brought me some dividends in the past. So I look for a broker with tighter spreads to relocate...

I passed the stage where I could sit for hours and watch what was happening on the monitor and count how many good opportunities were missed too. Now I just accept that such opportunities are presented almost every day. In the financial markets one has to think fast and soberly. We need people...