Forum Forexroasted

ah ok. so check if it ever slips in my favour too. got it

asking with hard numbers is the key. 'can i have a discount' gets nothing, 'i traded this many lots last quarter, here is my cost, what volume rate can you offer' gets a real response. brokers have rebate tiers they dont advertise. you only access them by demonstrating the volume and requesting directly.

looking to consolidate to 1 broker. currently split between 3 because i kept opening accounts every time someone in a thread said theyre 'the best'.

narrowed it to tickmill pro and oanda core. spreads quoted as roughly similar on majors. tickmill commission is higher per lot but their raw feed seems cleaner in my casual testing. oanda has zero commission but spreads widen more on news.

for someone trading mostly EU/asian session, which one will save me more long term?

also encourage them to post their own ideas back, not just react to yours. a one-way flow where you call and they watch is signal-selling with extra steps even if no money changes hands. a real peer group is multi-directional, everyone posts plans and everyone gets critiqued, including you. symmetry prevents the guru dynamic.

no. answer is no. been in dozens

entering at the second peak instead of on the neckline break is the whole mistake. before that break theres no double top, theres just two pushes that might still resolve upward. the pattern only exists once the middle low gives way. trade the confirmed break, not your prediction that the second top will hold. it converts a guess into a structural signal.

edgewonk has been excellent for me. its more customizable than tradervue but takes longer to set up. for traders who want very specific custom metrics and analysis it wins. for plug-and-play tradervue is faster to value.

for me delays correlated with: 1) first payout after evaluation always slowest (full KYC review). 2) larger payouts (>$5k) often triggered additional verification. 3) using wise vs bank wire affected timing. 4) any change to my registered details delayed 1-2 cycles. predictable patterns once you trade with them long enough.

been thinking about removing all indicators from my charts. currently using ema 20 and 50 plus rsi. they feel like a crutch and i suspect they're just lagging price. everyone talks about pure price action being the final form but i don't see much discussion about how the transition actually goes.

what does the learning curve of moving from indicator-based to pure price action look like, and what do you miss vs gain?

if you want bigger size without leaving profit exposed, most firms offer scaling plans or additional accounts rather than requiring you to leave earnings in to grow. that way you increase allocation through the firms own program while still withdrawing your profits. you get larger size and keep your earned money safe. dont conflate trading bigger with hoarding profit in the account, theyre separable.

inside bars seem like they should be one of the cleaner patterns to trade since the range is so defined. but i've found the false breakouts are frequent enough to make them frustrating. every time i think i have a clean inside bar setup it reverses on me.

what separates inside bars that become good trades from the ones that fake out? trying to understand the filter criteria.

the proxy point is worth repeating for forex traders, you read the currency futures positioning as a stand-in for spot sentiment since spot has no central reporting. its imperfect but its the best broad gauge available. combined with watching only the extremes and always confirming with price structure, COT becomes a useful slow background input rather than the confusing wall of numbers it first looks like.

got mine from $7 to $5 over about 3 conversations across 6 months. first ask got a flat no, second ask with a competitor quote got me to $6, third ask after another 3 months of consistent volume got to $5. patience matters. they watch if you actually leave after saying you might.

been trading funded accounts for 3 years. personal policy that has worked well: withdraw the majority of the profit split whenever the account is up more than 8%. this keeps the account funded for scaling but gets the actual cash secured regularly. i've had two firms fold during this period and the policy meant i'd already extracted most of what i'd made before either went under.

ftmo and the5ers get all the attention but there are a lot of smaller firms doing good business quietly. curious to hear from people who've used firms outside the top 5 and had good experiences. specifically interested in any that have better payout splits or more flexible rules than the big names.

screener for forex also works better as a daily alert system rather than real-time scanning. set up the conditions you care about, create alerts, and let tradingview ping you when something triggers rather than manually checking the screener output. most forex traders don't need to screen hundreds of pairs in real time - they need to know when their specific conditions appear.

also check their liquidity in the specific sessions you trade. some brokers have excellent eurusd london session fills and mediocre asian session. the aggregate spread shown on comparison sites may be skewed by the session they optimise for. test during your actual trading hours.

ran wine/mt5 on linux for 8 months. it worked fine until a major mt5 update in month 5 broke wine compatibility. spent 2 days troubleshooting before giving up and switching to a windows vps. the cost saving over those 8 months was about $80. not worth 2 days of troubleshooting risk on a live trading setup. switched permanently to windows vps at $25/month.

i've noticed that big news events often cause a sharp spike that then reverses partially or completely. theoretically you could fade the spike - sell the top of a big up move or buy the low of a big down move after the initial reaction. but the execution seems incredibly difficult with slippage and spread widening.

does anyone actually execute a news fade strategy profitably? what does the setup look like mechanically?

weekends arent traded but positions held through weekend gaps can suddenly drop or rise significantly when markets reopen monday. brokers and props worry about overnight/weekend gap risk. most prop firms either: 1) require closing positions before weekend, 2) limit position size for weekend hold, 3) calculate weekend exposure differently. swing traders need positions held weeks, so weekend rules become recurring constraint.