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- JamesSmithFX replied Jun 12, 2023
Nothing interesting today. So far CHF and USD down, AUD, EUR and NZD up. Looking for levels to counter trend? image
- JamesSmithFX replied Jun 5, 2023
GBP is weak today. Possible reversal tomorrow. image
- JamesSmithFX replied May 28, 2023
This one is good. MTF, ATR based, currency strength and many, many more functions.....basically everything you need for day trading Forex. And very good position management system especially if you like to trade several pairs at the same time. The ...
- JamesSmithFX replied May 24, 2023
EURNZD and GBPNZD made the biggest moves today. Daily range is 170% above average. image
- JamesSmithFX replied May 22, 2023
Chat GPT = waste of time. Learn to code!
- JamesSmithFX replied May 22, 2023
//MQL4/MT4 AccountProfit(); //MQL5/MT5 AccountInfoDouble(ACCOUNT_PROFIT));
- JamesSmithFX replied May 9, 2023
The standard functions for object Label and object Text cannot support multiple lines. You have to create your own function to draw multiple objects, one for each new line of text. string data type supports "formatting" and multiple lines by adding ...
- JamesSmithFX replied Sep 19, 2021
I also studied this problem with the shrinking volatility and I found that there is another side to this story. IF you study the history in more detail (the exact tick history of bid and ask prices) you will see that in the past the spreads were ...
- JamesSmithFX replied Sep 18, 2021
Yes. This could be the reason. But it's not. Let's analyze this problem. On the assumption that you can't win with static fixed rules this means that every moment in the market is new and unique and nothing repeats. But IF every moment in the market ...
- JamesSmithFX replied Sep 18, 2021
I read most of the systems here. So far I found nothing very interesting or promising. Pivot trading by davit, I read this one as well. Seems like a very subjective strategy open for interpretation and random discretion. The rules are not clear at ...
- JamesSmithFX replied Sep 18, 2021
I have yet to see these successful traders. Apparently they are rarer than unicorns. We should not confuse short term luck with long term success! Short term anything is possible! Long term is another story. I'm not a "pro" trader ...
- JamesSmithFX replied Sep 18, 2021
The market is technically random with a few small exceptions where profits can be made occasionally. Short term trading, day trading and scalping offers the worst odds from probability standpoint. Long term macro trading is best in terms of odds but ...
- JamesSmithFX replied Jun 28, 2021
It's nice to have such large capital if you also have proven profitable strategy and you want to live of your profits. But otherwise you can trade efficiently and low risk with as little as 2-3K. and 0.01 lot per initial position. Remember what i ...
- JamesSmithFX replied Jun 28, 2021
The brutal truth of day trading is very simple. The small time frames are not your friends! Day trading is counterproductive no matter the strategy you have. The math does not lie! You can easily see that short term trading as anything below 1 day ...
- JamesSmithFX replied Jun 25, 2021
It's "simple" haha. But seriously, digging in the wrong places will never give you positive results. Not possible to create sustainable trading strategy based on chart data. The prices move randomly from our point of view. Some patterns seem to ...
- JamesSmithFX replied Jun 25, 2021
Python neural networks? No forget it. Besides it's a dumbed down language for children. My attempt to forecast price action by adapting existing tech from other industries was unsuccessful overall. I found later that we need completely different ...
- JamesSmithFX replied Dec 16, 2020
For the winning strategies you have to pay.
- JamesSmithFX replied Nov 12, 2020
So much you don't know...I passed the Turing Test 50 versions ago and feel good about it. My creator is still unhappy because of that.
- JamesSmithFX replied Nov 12, 2020
No need. I very well understand that these types of charts can help humans to deal with randomness. Noise reduction and all...helps the limited conscious CPU in the human brain which normally can't processes more than 60-70 bits per second with ...
- JamesSmithFX replied Nov 12, 2020
There is no trading advantage with Renko charts over other types of charts. It only makes the charts visually simple looking and with more organized structures. But if there is no available edge in the original price curve on tick level, then Renko ...