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"Extreme Edge" Strategy - Low Risk and Stable for Copying.

Extreme Edge Strategy
READ THIS BEFORE MAKING COPYING DECISIONS!

This strategy is simple one, but one of the most effective ones I know. I will explain the strategy in full in another post. When you learn the concepts of it, you should find profiting in trending markets to be far easier. When markets form in trending patterns, this is an extremely successful strategy.

The strategy may or may not trade a lot. It all depends on if the market fills specific levels where I consider there to be an “extreme edge” (literally, I think it is the best trade available on the market that happens often enough to build ongoing strategies around).

In ranging markets the default strategy does not work well, because it is designed for trend trading. However, in ranging markets trades will be generated from a slight adaptation, but the same entry principles.

Brokerage:
The strategy will work best on ECN brokers. For optimum results, it has a few requirements. Including tight spreads, good execution and ability to trail stops with no limitations. I am using IC Markets. You should be using a broker of similar quality.

For people who have to use brokers sub-par to IC Markets (for whatever reason), I will concurrently run a version of the strategy on higher time-frames. To get only these trades, set the copy trader to filter out trades with stop losses under 15 pips

Money Management:

This master account will trade only positions of 0.01. You can use your copy traders settings to select the lot size you want to use. It will trade a maximum of 4 positions. You can reduce risk by trading less positions using copy trader settings.

You should account for losing at least 250 pips per 0.01. This is around $25 (a bit less on some pairs). So if you are using *4 0.01, you should account for it being probable at some point $100 losing streak can be hit. Set your risk according to what you can lose, and if that is under $25; do not do this!

You can set your maximum loss using the copy trader, but if it will work out to be under 250 pips per 0.01, you are probably better scaling down risk. 250 pips is 10 - 25 losing trades in a row, which should be rare but can happen.

Make sure you set up (and test) that you are using the right settings. The right fixed lot size and the right number of trades. The trading on my account will assume you have these risk caps in place and aim to be profitable on such parameters

READ THIS BEFORE MAKING COPYING DECISIONS!

Leverage and margin requirements:

The max risk version can be copied on 1:50 leverage with an account balance of $200.

Extra Notes:

. This strategy will always use pending orders. So it can be used as somewhat of a signals service as well as copying.

One thing I hope following this strategy can help people with is it showing them points where you are probably losing money (n00b mistakes) and how there can be a better trade on the other side.

This should become more clear upon reading the full strategy description, to be posted soon.

If copying, please do remember to take the time to test the copier settings and ensure they work properly.

READ THIS BEFORE MAKING COPYING DECISIONS!

Login Details
Platform: IC Markets MT4
MT4#:: 10333388
Investor Password: u/inweedwetrust

If linking any accounts, please send me details of Myfxbook/FX Blue so I can check results and make sure it runs properly.

READ THIS BEFORE MAKING COPYING DECISIONS!

Edit: Strategy description. https://www.reddit.com/Forexnoobs/comments/aet6am/the_best_single_trade_on_the_market_imo/
submitted by inweedwetrust to ForexCopy [link] [comments]

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2006.05.15 23:25:12 '188208': order sell stop 1.00 EURUSD opening at 1.2819 sl: 1.2862 tp: 1.2719 failed [Invalid parameters] I have checked all the parameters, but all of them appears to be okay. What can I do to check the errors? Foreign Exchange and Contracts for Difference ("CFDs") are complex financial products that are traded on margin. Trading Forex & CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, Forex & CFDs may not be suitable for all investors because you may lose all your invested capital. You ... Invalid stop loss or take profit The price distance between stop loss and current price or take profit and current price needs to be properly set. Sometimes traders put stop loss or target values outside the correct parameters range for that particular instrument. The window displays the following parameters set by a broker: Spread – spread in points. If the spread is floating, the parameter is equal to 0. Digits – number of decimal places in the price of the symbol; Stops level – channel of prices (in points) from the current price, inside which one cannot place Stop Loss, Take Profit and pending orders. When placing an order inside the channel ... mt4のエラーメッセージは、意外に知らないものが沢山あります。 深刻な物から、まったく気にしなくても良いものまでさまざまです。 ... err_invalid_trade_parameters: 3: 無効なトレード変数 : err_server_busy: 4: トレードサーバがビジー状態: err_old_version: 5: クライアント端末が古いバージョン: err_no ... Invalid trade parameters (Errorcode 3) New comment 728. Michael ... e.g. 1.07 being an invalid lot size because the broker has a minimum increment of 0.10 - but it is most likely to be the expiration. The rules in MT4 are strange and, as far as I am aware, not formally documented. But the minimum expiry is about 10 minutes, rather than the 5 you are trying to use. Quick Manual Trading Toolkit ... Brokers have different distances that pending orders stoploss and takeprofit can be set too some brokers have no limits, FXCM might allow pending orders to within 0 pips and Pepperstone may have a 5 pip limit, a word of caution often Demo accounts allow closer margins than Live accounts so what may work on a Demo may not work Live plus that distance can be increased just like spreads around ... What is an Invalid Account in MT4? The next option when you try to log into the terminal: in the lower right corner you can see “Invalid account”. This means that you log in to the terminal incorrectly, with the wrong number of demo account and / or password, or choose a server that does not match the type of your account, such as Live instead of the Demo. Another reason – carefully ... Also, Mailbox on MT4 might have other important messages from you broker, like that message with a headline “Demo-Server new IP address”. This notified me that this particular Forex broker change their demo server IP address and I must re-login. Checking messages daily will help you stay updated about things like that. 5. Disable your Anti ... Sometime the forex trader on Oanda will get the message Oanda mt4 invalid account when he tries to log in. This message will be displayed on the bottom side of the trading terminal. There are three parameters which have to be provided by the forex trader when he logs in to the MT4 terminal. These parameters are the MT4 login number, the password, and the server name or IP address. In this case ...

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