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Showing 20 of 170 results by forestx
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Topic
Board Trading Discussion
Topic OP
65% win rate but break even
by
forestx
on 20/10/2024, 13:46:51 UTC
Hi - this relates to trades on Forex but relates to trading in general
I am testing some pinescript code to trade in lots and risking 1% per trade
On my strategy testing code I noticed shorts doing better than longs
So did a short only test and on EURUSD got a 61% win rate and on AUDUSD got 65% win rate however I got less than 2%.
Is it my code thats the issue or what could cause this.I have taking 137 trades and  According to winrate.ie I should be at 33% profit
Post
Topic
Board Bitcoin Technical Support
Re: Ledger transfers
by
forestx
on 23/09/2024, 14:35:56 UTC
Tried googling the address cant see any mention of exchanges
I am able to find it on the block chain
Post
Topic
Board Bitcoin Technical Support
Topic OP
Ledger transfers
by
forestx
on 23/09/2024, 14:02:13 UTC
I fear I have done something very stupid. I got into crypto in 2017 but am a small time investor. I haven't been active since late 2022
I am getting my Laptop fixed/replaced and logged on to see my ledger holdings and delete the desktop app.
I noticed my account was about half what it should be and have an unexplained transaction of 0.22btc out of my account.
I logged on to Binance the only other place I have any serious BTC on hold and it wasnt there.

Looking again at my Ledger and transactions I think I may have transferred money from BTC to USDC in order to protect it during the bear market but forgot about it. Either that or its been stolen
I am pretty sure its the former but is there any way to check.
Either way I am down about 0.22BTC of what I should or thought I had
Post
Topic
Board Trading Discussion
Topic OP
telegram signal copier and trailing stop loss
by
forestx
on 11/08/2024, 16:13:18 UTC
Hi
I have coded a bot that sends signals to telegram. I want to use it to automate my own trades on MT4. The issue I am having is I want a trailing stop loss
So after first target reach stop loss moves to break even and then close position if and when the something happens ie Macd changes color or super trend changes

So signal opens
Buy BTCUSD
id: BTCUSD60141
SL: 60024.568
TP:60352.876

Thats fine have that and can tell the copier to move the sl when tp hit but how do I then close the trade at the right time

My plan was just to have
idL BTCUSD60141 close all

will that work or is there a better way to do it

Thanks
Post
Topic
Board Trading Discussion
Topic OP
getting past break even
by
forestx
on 18/03/2024, 13:58:47 UTC
I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.
Post
Topic
Board Trading Discussion
Re: MT4 and automation trading with multi tp
by
forestx
on 08/01/2024, 14:43:14 UTC
While there is no tools to covert pine script to MQL there are tools to link TV alerts to MT4 including Capitalise AI which I intent to test first. I am just trying to figure out if it will actually work and do what I want and if people have experiences with it or other tools
Post
Topic
Board Trading Discussion
Topic OP
MT4 and automation trading with multi tp
by
forestx
on 08/01/2024, 13:39:25 UTC
I am looking at ways to automate my mt4 trading. I have a strategy that when back tested on TV is working. It is built on pine script and uses the atr to set a stop loss and first take profit. When first tp is  hit it removes 50% of my position resets the sl at entry and then exists at atr cross.

This is all coded in pinescript but uncertain if it can be utilised easily on MT4. I have a demo account and the brooker allows capitalise ai which I plan to use but is this possible can I set multi tp and trailing stop losses or what is the best way to deal with it   
Post
Topic
Board Trading Discussion
Topic OP
pinescript bot trading and lot size
by
forestx
on 08/12/2023, 12:52:15 UTC
This a question more about pine script and maybe more applicable to forex trading but hoping someone maybe able to help

I am working on a new strategy using atr as a stop loss. However I only want to risk 1% per trade.
I am creating the code to calculate the pips between stop loss and entry and i have the formula to calculate the position size to take to risk 1% or whatever.

I want with this to create a strategy that will trade automatically via web hooks and capital ai - is this doable like will it work can I automate lot sizes in such a way or will it create errors or is there another way to do it
Post
Topic
Board Trading Discussion
Re: binance vs decentralized exchange
by
forestx
on 09/08/2023, 09:38:03 UTC
Looking at it while nothing wrong with DYDX per-say but as others have said there are pros and cons
The main pro is obviously that there is no KYC
I also think although I could be wrong but I don't think there is no  commissions at least up to a certain level. However dont know if I am charged more on another side.

The disadvantages is just more coins on binance also easier to fund account.
Another thing is - its easier to set up scripts and auto trade in binance. I have looked at ways of setting up pinescript to auto trade on DYDX or other dex but is complicated involving VPS. If anyone knows differently please let me know
Post
Topic
Board Trading Discussion
Topic OP
binance vs decentralized exchange
by
forestx
on 08/08/2023, 14:47:07 UTC
I have been meaning to get back into trading and futures for a while. I left binance do with KYC but thinking of sucking it up and excepting it. Looking at alternatives though dydx came to my attention. What are they like and is there any other good Perpetual exchanges that are non KYC

Post
Topic
Board Trading Discussion
Re: MT4 lots and leverage
by
forestx
on 19/07/2023, 13:45:56 UTC
I am still confusseed
I cant find crypto related advice on MT4 attempted another trade yesterday with $2600. Went to put 1 volume again in the trade but got a message saying I dont have enough funds so lowered it to 0.5
Was instantly down $300 I know there is a spread but 10% difference is a lot

I also cant see where to to set the amount I am using per trade so I am not putting on the full amount

Post
Topic
Board Trading Discussion
Re: MT4 lots and leverage
by
forestx
on 18/07/2023, 14:55:12 UTC
I have been trading crypto for a while and with leverage on Binance.
I have had a break for a while and wanting to restart hence me looking at different platforms

My issue is more with MT4 and understanding how to set leverage or lots on it
Post
Topic
Board Trading Discussion
Re: MT4 lots and leverage
by
forestx
on 18/07/2023, 13:59:24 UTC
according to this article 1 lot in crypto equals one base unit
so in btc 1 lot = 1 btc

https://cryptoaltum.com/en/blog/information-hub/how-to-calculate-crypto-margin-and-profit
Post
Topic
Board Trading Discussion
Re: MT4 lots and leverage
by
forestx
on 18/07/2023, 11:09:05 UTC
Yea I dont like MT4 but seems the main tool that is used especially with demo accounts
So I had a starting balace of 5000 I out in a short with volume at 1 I thought that was one btc so leverage around 6x
was I buying 100,000 btc  Shocked
Post
Topic
Board Trading Discussion
Topic OP
MT4 lots and leverage
by
forestx
on 18/07/2023, 10:36:30 UTC
OK I was looking at other brokers and trading platforms recently and noticed most use MT4
I signed up for demo account with one downloaded MT4 to my desktop and put on my first trade btc/usd.

I lost but thats not the issue - I am trying to figure out how lots and leverage work with it
In binance its easy select -coin - select leverage select how much of balance you want to use.
With MT4 I need to select volume with I believe is lots. But what is a lot in btc or crypto and how do i set leverage.

I place da short trade btc/usd at 1 volume. Lets just say to trade was a mess

If I have a balance of $2000 and want to trade it all on btc/usd with a 10x leverage how do I do that

Thanks

Post
Topic
Board Marketplace
Topic OP
transfer lightening to onchain - bluewallet
by
forestx
on 11/04/2023, 21:26:59 UTC
OK I have a bluewallet with €100 in  lighting wallet
apparently they are closing down  the wallet and I need to transfer it to an onchain or other lightning wallet by the end of the month but I dont know how
I tried zigzag.io but it wouldnt except my onchain wallet address

What is the best way to do this I see no options in my bluewallet app

Thanks
Post
Topic
Board Trading Discussion
Re: Binance aml/kyc in the eu
by
forestx
on 29/11/2022, 14:43:46 UTC
seems ridiculous and a massive invasion of privacy
Whats the story with forex do you need to go through all this with forex brokers 
Post
Topic
Board Trading Discussion
Topic OP
Binance aml/kyc in the eu
by
forestx
on 29/11/2022, 10:35:05 UTC
Is anyone else getting a message when they login in asking for more personal info regarding KYC and AML
What I find most shocking is they want a facial scan as well as a letter with home address

I am previously up to date with it all ie passport and photo of me with it
These new requirements seem an over reach
Do I need to do it, currently I am not buying btc or other coins on the platform but am day trading
Can I hold it off or what is the story
Post
Topic
Board Trading Discussion
Re: leverage trading method and psychology
by
forestx
on 12/09/2022, 13:16:14 UTC
well the plan was to increase leverage from 10x -50x the strategy I have back tested has a 93- 96% success rate on the 1 minute chart at 50x leverage but that 4% will liquidate you
The plan was one quick scalp a day a move of 1/2% which would gain me 5-10% on my account

I think the theory is sound just need to work on the execution  Wink
Post
Topic
Board Trading Discussion
Topic OP
leverage trading method and psychology
by
forestx
on 12/09/2022, 12:54:27 UTC
OK I decided to try my hand again at leverage trading
The plan was to watch the market and when I see it making a move in down direction go in with high leverage for a small move with no stop loss
This went well 1st week and was up 30% but then went down hill fast

The issue I have is not so much bad calls but getting scared
I will go in with 10-20x leverage and see my money drop like a stone be down 20% and exit only to see it climb back up and hit the TP or climb higher
This has happened three times now.

One issue I have other than getting scared is to do with time restraints I am trying to find a trade quickly and not giving it enough time also aping in and usual sh*t
I am trying to come up with a strategy that works as close to 100% as possible and have found one on BTC/USDT with an average of 95% success rate. Other pairs are also high 80s to mid 90s
I have stopped trading for a bit and am doing more tests and paper trading

Is there a way to make this work or do others mainly trade with leverage how do you handle stop loss and take profit