Posts Tagged metatrader
I have been backtesting this system which looked really good using the Metatrader software. Basically, it told you when the market was trending up or down and if you place a trade when the trend changes and just follow it (from the backtesting), you would be in the money!
However, there are indicators in Metatrader which repaint. What this means is that you may be given a signal to enter a position but if the markets move the opposite way, the indicator suddenly disappears. What this means is
July 15, 2011
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For those who follow the blog and wondering where I have been over the past few days.. the company I work for sent me overseas for a few days for some work! However, I was still able to trade the GBPUSD currency pair using todays modern technology. I couldn't do every day as I was travelling quite a bit and there were some periods where I didn't have an internet connection.
However, I thought I'd just write about my thoughts about my trading on my business trip.
Ok, I took my laptop and
May 14, 2010
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I made two trades the other day which worked nicely. I placed these trades on the 2nd September around 22.00 GMT.
I went long EUR/AUD at 17353 with a 100 point limit and a 50 point stop.
I also went short AUD/USD at 8366 with a 100 point limit and 50 point stop.
I woke up the following day, both targets hitting their limits and making me 200 points!! Hoorah!
September 4, 2008
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