r/Forex

I was looking at gold chart and according to my analysis gold gonna give a great sell setup in today's NY session.

WHAT DO YOU GUYS THINK,

Currently holding a long audchf position for positive swap gains

While i understand the logic that that a simple move against me will wipe out the capital / swap gains, for some reason im extremely drawn to this idea / very drawn to the idea of averaging in small amounts just for swap income

I know that my reasoning for position is stupid. The whole basis of this is stupid

Im just venting

Feel free to bash me in the comments to make me wake up

Maybe some lessons need to be learned in blood / gotta burn my hands to learn a lesson

I was busy backtesting EURUSD changed source and got completely different results. Damn.... Same settings, same python same C++ , same parameters. Ducascopy 14 missing bars over 5 years, Histdata 8 missing bars that was my best free option, Broker Export Mt5 22 missing bars, Yahho finance basically unuseful. So 2 sources were really different from eachother. So what are you guys using for Forex?

I know plenty of people don't understand capital importance when it comes to trading forex...

so let's talk about how much money you really need to make a full time living from trading.

if you're from a third world country where you can live a very decent life with a few hundred bucks per month income...

Assuming you can make 20-30 % returns per year with a very decent risk control system... you could do very well with idk... 20k in capital.

On the other hand... If you live in New York or someplace with an extremely high cost of living... where you need 100k or so per year just to exist... you're looking at atleast 500k in capital requirements.

Once you account for all the variance, losing streaks, bad periods, etc etc etc... even that might not be enough to CONSISTENTLY pull those returns.

I already see kids who watch TJR and LamboRaul commenting how they make 20-30 % per month and not per year and how they will take their lunch money and turn it to half a million in 6 months.

That's not how it works.

REAL, sustainable, long-term trading is based on math, risk control,... not on "fair value gaps" and 1:30 R:R trades.

not going to pretend i'm some genius trader. i'm not.

i bought a prop firm challenge. passed all 3 phases. got funded on a $20K account.

week 1 — ran it up to +$932. needed $68 more to hit the withdrawal threshold. sixty-eight dollars.

instead of being patient i started firing trades without analysis. pure impatience. burned $520 of profit in back-to-back trades chasing that $68.

week 2 — reset mentally. came back focused. built it back up to +$732. four hours left before the window closed. same thing happened. quick unplanned orders. lost everything down to $233. missed the threshold completely.

after week 2 i sat with it honestly for the first time.

my setup was fine. my entries were fine. my SL and TP placement was fine.

the problem was purely psychological — revenge trading and greed at the finish line. that specific moment when you're close and you start thinking "just a little more" is the most dangerous state a trader can be in.

what i changed:

i built one hard rule around profit protection. once i hit a certain threshold during the week, that amount is mentally locked — i treat it as already withdrawn. i don't touch it. if i lose the rest trying to push further, fine. but that locked amount never gets touched.

simple concept. hard to do manually. so i automated it.

the account right now: $20,226 equity. withdrawal button is active. profit recognized: $226.

small number. but it's clean. and for the first time i'm actually going to withdraw it instead of burning it trying to make it bigger.

that's the real story. not glamorous. but if you've ever been $68 away from something and blown it — you know exactly what i'm talking about.

anyone else been close and burned it? what was yours?

📅 2026-05-19 14:00:25 UTC

🏆 XAUUSD

📊 Bias: Market bias is currently bearish. The price has declined from the previous close of $4541.60 to $4484.90, breaking below the 10-period SMA of $4540.10. The recent hourly candles indicate selling press

💵 DXY: $99.31 (flat)

⚠️ Macro Risk: Medium

⭐️ Quality: 65/100

🎯 Best Session: New York

🛡️ Support: $4467.10

🔴 Resistance: $4541.60

💧 Liquidity Zone: $4540.00

❌ Buy Invalidation: - Buy invalidation: A close below $4467.10 would negate the bullish scenario.

- Sell invalidation: A close above $4541.60 would negate the bearish sce

❌ Sell Invalidation: - Buy invalidation: A close below $4467.10 would negate the bullish scenario.

- Sell invalidation: A close above $4541.60 would negate the bearish sce

🏦 Prop-Firm Safe:

A conservative approach would involve waiting for a confirmed breakout above $4541.60 with a tight stop-loss just below this level, ensuring minimal risk exposure.

⚡️ Aggressive Scalper:

An aggressive setup could involve shorting at resistance levels around $4541.60 with a tight stop-loss, aiming for quick profits on small price movements.

⚠️ Trading involves substantial risk. Past performance is not indicative of future results.

"I'm building a 100% automated scalper bot on MetaTrader 5 for Gold (XAUUSD)" The system runs Python, executes through MT5 API, no manual touch.

I've spent weeks on the core architecture — entry detection, exits, risk management, multi-agent voting, macro filters, news lockdown, regime detection, broker-side fail-safes.

But before I lock my final rule set, I want to hear from real scalpers — what fixed, non-negotiable rules SHOULD a scalper bot follow?

Specifically asking about:

1. Time filters — Which hours/sessions do you avoid no matter what? Any specific windows you only trade?
2. News rules — How long before/after news do you stay out? Any news you trade through?
3. Day-of-week filters — Mondays? Fridays? Any day you never scalp?
4. Spread rules — Max spread you accept? Mid-trade emergency exits on spread spikes?
5. Volatility filters — ATR-based skip rules? Skip when ATR too low or too high?
6. Loss limits — Daily loss cap? Consecutive loss limit? Drawdown brakes?
7. Re-entry rules — Cooldown after a loss? After SL hit on same setup?
8. Entry confluence — Minimum confluence factors required? Block on conflicting signals?
9. Exit logic — Fixed TP or trailing? Move SL to breakeven when? Partial closes?
10. Position sizing — Fixed lot or risk-based? Scale with confidence?
11. Anti-revenge logic — Any rules to prevent the bot from chasing after losses?
12. Hard stops — What triggers you to KILL the bot for the day?

What's worked for you? What rules saved your account? What rules made it worse?

Open to any insight — even brutal "don't even bother automating this" reality checks.

Thanks in advance 🙏

47 days of consecutive wins and suddenly my last 3 losses are like 600-700 pips against me, each time I'm busting my account my total loss is like 21k in just a week.

3 times was during the US session, AMERICA can go f*** themselves in the a** whats wrong with these people.

Currently the 3rd time it's like down 700 pips in 30 mins. America can go f*** yourself.

How do people make money in US sessions?

Title: Looking for real long-term experiences with MT5 EAs

Hi,

I’ve been researching some popular Expert Advisors for MT5 and wanted to hear from people who have actually used them on live accounts for a while.

Specifically:

• Forex Fury
• XAUBOT
• Waka Waka EA
• Quantum Queen
• WallStreet Forex Robot

I’m mostly interested in:

• How they performed over the past year (especially during volatile periods)
• What kind of drawdown you’ve seen in real trading
• Any major problems or surprises?
• Are they still worth using in 2026?

I plan to test on demo first with strict risk management. Any honest feedback would be appreciated.

Thanks!

I run an EA, it doesn't spam orders and takes only 1-2 trades a day but often times closes trades within few seconds, does this breach their rules?

I want to know a Good Prop Firms for me but I see so many scamming prop firms and 5ers has really good reviews but it seems they are a little strict on fast scalping

Hi all, I was wondering if anyone can share a strategy/setup, even if it's not profitable strat. I'm open to any advice or tips as well.

I'm a beginner trader(3+ years not profitable) and the market just seems like noise. As someone who has been studying the markets as much as I can, I cant seem to figure out or notice a pattern I can trade off of. Whenever I open the charts I honestly feel lost . I understand the game right now is to track whatever you can and I guess that's what I'm having difficulty with. My challenge right now(as I believe) is that I can't make sense of the noise so I'm asking if anyone can share, with screenshots if possible, what a setup looks like. It doesn't have to be a profitable one. Even if you share something from today's price action and tell me 'notice that ...'

I don't know if this will help me in anyway but I'm hoping it sheds some light or offers a different perspective as I may be stuck in a loop. Right now I'm using tradingview's replay feature to watch price action behavior as well as live charts. If it helps I'm also available for calls as well.

Thanks

(posting this on the main trading reddit subs in case you see this again)

Any serious microscalpers or FIX API users here? I’m currently building low-latency FX/XAUUSD scalping systems and wanted to know whether FIX API genuinely improved execution quality, slippage, and fill speed compared to MT5 in real live conditions. Also curious about which brokers handled aggressive scalping flow properly without issues. Would appreciate hearing real experiences from traders actually running live microscalping systems.

If you used an AI tool for chart analysis, what would you actually expect from it? I don’t mean another “buy/sell signal” app.

I mean something that looks at your chart and helps you understand the setup better.

Personally, I’d expect things like:

- trend structure

- support/resistance levels

- bullish and bearish scenarios

- invalidation points

- risk/reward zones

- whether the setup looks clean or forced

- a second opinion before entering a trade

I don’t really trust tools that just say “buy now” or “sell now.” But I do think AI could be useful if it explains what it sees on the chart and helps reduce emotional decisions.

Curious what other traders think. What would make an AI chart analysis tool actually useful for you?

Hey everyone... i have a strategy that i tested over 4 Years of data (856 total trades) , it currently has a 46.5% WR with +270% over 4 years .
2022: +49% , 43.5% WR
2023: +54% , 46% WR
2024: +97% , 51.5% WR
2025: +70% , 45.5% WR
- All trades were taken on EUR/USD and briefly the strategy follows ICT concepts... i use strict rules on the higher time frame to determine my daily bias , then go on the 15m / 1H to mark key levels (i use highs/lows , OBs, and FVGs) , then for execution i use a 5m inverse fair value gap... Note that i have strict entry rules and filters that i have stuck to on all the trades , there was no element of discretion.
- Anyways , although i have gathered this much data and it obviously shows profitability i still have a lot of doubts to whether this will work or not... Afterall market conditions are constantly changing. i still haven't tested enough in live trading , i only have 22 trades using that strat in live trading so far so its nothing yet...
- But i guess my main question is how really is all that backtested data reliable, and does that mean i have a "proven edge" now or does it actually mean nothing? I'm having a lot of doubts and would like to hear your opinions, thank you in advance..