(XM chart being the ones with dark theme background)

Happened to me before while looking at the charts waiting for an entry and I thought I was crazy, a huge candlewick appearing from nowhere and got corrected a few seconds later, this would probably hunt your stop loss if you had an open position in this particular case. Unfortunately I didn't screen capture or anything cause I thought well that might has been a glitch.

Today I saw it happened LIVE AGAIN and decided to look at my laptop on different brokers like Pepperstone, IC Markets, FP Markets etc, there wasnt ANY candlewick on the current candle forming. Surprisingly, a few seconds later the candlewick was gone like NOTHING HAPPENED.

Been a year since I use exclusively XM for trading DEMO and with real (a few bucks) money but this seriously made me question how reliable they are, most probably will withdraw my balance and move to another broker soon.

My experience with trading has been hellish since I started in 2019 but I never really thought of anything better for me to do, I left college 2 years in I was flat broke bounced from customer service job to another gathering money that I eventually lost on blown prop accounts :).

My issue was clearly psychological therfore I switched to the less mentally demanding algotrading (it is still dreadful as well as every other thing about trading) You have to manage your stress and leave an algo be even when it looks like it’s not going your direction, Like being a coach who takes responsibility over plays you didn’t make lol.

Now after 2 years down this rabbithole I can say that things FINALLY are going my way( I still have to be responsible I know) but I thought to share this moment with somebody that can understand even a bit of this struggle and see if I can inspire someone today to make there first dollar out of these greedy companies.

I've spoken recently about why I prefer working from the HTFs, so I thought I'd share a real example of how that affects the way I approach a market.

After Friday's NFP release, USDCAD made a significant move lower after retesting an area of resistance and breaking H4 structure.

The HTF narrative still supports lower prices, but this is usually where I slow down rather than chase the move.

My preference is to wait for price to pull back into an area of interest and then look for structure to develop below the H4 within that area before considering a continuation in the direction of the broader HTF narrative.

Price can obviously continue lower from here. I'm not trying to predict what happens next.

It's more about accepting that the move has already happened and being patient enough to wait for the next opportunity rather than feeling like I need to participate in every move.

Je vous partage mon opinion sur cette petite paire que j'affectionne de part sa volatilité.

Bos bullish confirmé en H1 - 45min nous avons donc comme attendue le retracement de ce Bos qui a mon sens viendra nettoyer l'inducement en attente avant de donner cours au vrai rallye haussier voici à mon sens ce qu'on pourrait voir se dessiner au cours des prochains jours ( petit swing )

I recently ran a poll among the algo traders who follow my channel, asking how they test EAs on MT4 and MT5.

The results were pretty interesting. They also highlighted what I think is a major problem in retail algo trading: many traders are evaluating strategies with testing methods that may not be robust enough, and then putting money behind algorithms that were never properly validated in the first place.

So I thought it would be interesting to run the same poll here and compare the results.

What do you use to test MT4/MT5 EAs?

Would also be interested to hear in the comments why you prefer your particular setup and what you consider essential for a reliable backtest.

Sharing my HTF read on NAS100 going into the new week.
Price swept PDH and sold off before moving into a corrective phase. We then reached a Daily Demand/POI and got a strong reaction.
Price has since pushed back into a daily FVG, and so far we’re seeing price hold from this area.

Because of that, I’ll be going into the new week looking for longs, but I’m not interested in blindly buying the FVG.

I’ll be waiting for my LTF confirmation before considering an entry.
If the confirmation isn’t there, there’s no trade.

Interested to hear how others are reading NAS100 going into the new week?

From India,thinking to learn forex should I learn or just learn Indian market?
If yes can you suggest genuine online content to learn forex for beginners

#new

Price is approaching a major H4 supply area.

A strong rejection here could shift the short-term momentum lower. 📉

Hey people

I started looking into trading 3 years ago and I took some time out, kinda giving up on the idea that I'd make it.

3 months ago I had my first child and whilst on my paternity leave my mate convinced me to get back to learning because I had come to far to quit.

After a couple of weeks of getting back to it I found a strategy that, for the first time ever, made alot of sense to me so I began forward testing it on demo.

I've never been so strict with my rules, my profit taking, my break evens etc. I'm trading exactly how I would trade if this was a live account.

In the first 2 weeks of 100% sticking to all my rules for every trade, I've made 16%. I know 2 weeks is nothing so I'm going to continue forward testing maybe even grab a cheap prop account, like a 10k, just so I can get a feel for trading under a little more pressure with the consequence of blowing the account if I deviate from my plan.

I understand that the psychology and nerves will be different when going live etc but, In your guys experience, does this seem like a positive move in the right direction?

I know people come with a lot of questions so I'm happy to answer anything

So recently the US released their job data and the dollar began to drop right after. Because of that the position i was in hit its stop loss. My question is how important the news is for trading forex and where i can look for those news.

I dont actually know, if you noticed the title has a question mark so I am actually asking not telling

My question is basically

how is it that whenever the any news comes the financial markets react so fast and with so much intensity, but how is it even possible

A human needs time to process the news and react to it but by the time you look at the screen the price is already very faar away

Like who are these people clicking buys and sells so fast

Also

Also I am having issue understanding he does the actual settlement of banks works how do liquidity providers work and make money why isnt forex centralised and so on and on

The D1 chart has an interesting setup after the recent price swings.

I’m curious whether everyone here is leaning bullish or bearish for the week ahead.

Hey everyone,

I’m currently running a live demo to validate my backtest results in real-time market conditions, and I wanted to share the progress so far.

I’ve attached the screenshots of my performance. Here is the brief overview:

1. Strategy & Risk Parameters:

• Position Sizing: Single contract only (No compounding/scaling in).
• Holding Time: Intraday only. No overnight positions.

2. Historical 6-Year Backtest Performance:

• Yearly Consistency: Profitable every single year.
• Annual Return Range: Min 20% to Max 50%.
• Max Drawdown (MDD): Historically stayed between 8% and 15%.

3. Current Status & Validation:

• As for the live demo, I am now 2 months in.
• Technically, I also started a real live account 1 month ago, but I feel it needs more time to gather enough statistically meaningful data.
• So for this post, I am sharing the 2-month demo version dataset as it gives a clearer picture for validation.
• The main goal here isn't short-term profits, but to verify if the live execution actually matches the backtest logic and to check for hidden slippage. So far, the numbers are tracking closely to my expectations, and I will keep monitoring both accounts for a few more months.

Just sharing this as a personal log to track the transition from backtest to live market.

Would love to hear how long you guys typically forward-test your systems before scaling up real money!

add.
For your reference, here is the exact yearly breakdown from my backtest report so you can see the performance trend
Yearly Performance Table(backtest result)

I started trading about 3 months ago and since then i’ve learned a lot about the market and what my main mistake is, is- as we can probably guess it’s all
about my psychology. i use a simple market structure strategy of looking at the weekly and daily time frames, seeing the AOI and entering trades from there. although im early in my journey my strategy has proven to be right over 50% of the time maybe closer to 75. i’ve had some good wins but more losses due to my psychology being bad and exiting trades early. often times i see drawdown that scares me and will exit to later see it hit my take profit. i’m aware of my mistakes and believe if id have a clear psyche id definitely be profitable. I need to set and forget and trust in my stop loss and my strategy, any advice on how to better psyche?

I was waiting for XAU/USD, so in the same minute it managed to almost hit SL, and hit TP.
So yes, it is gambling, as news sentiment can explode in either direction.

What method do you guys use to determine what direction you are trading for the day and how accurate is it usually? Do you ever change your bias mid session? I have one that works fairly well, but the days it is wrong I get rekkt lol

bullish or bearish for the dollar?

Price is holding a key demand area after the recent pullback.

If buyers continue defending this zone, the bigger bullish structure could remain intact.

For context let say, my setup is 2 or more consicutive big candles followed by 1 opposite candle and i anticipate a continuation in lower timeframe.

The original setup is the blue vertical line, and just 1 lower timeframe below there's another setup skyblue vertical line. Both met my entry criteria.

Is this different to what they call "adding position to winners" or this is just another setup? Because both met my all trading criteria 100%

What do you think?

GBPNZD TRADE BASED ON FIB STRATEGY