How to earn more? Real advice from experienced traders.
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Apr 20, 2023 at 20:06
@Rococo_XVII no sorry, I mean....brokers flag accounts as in they notice how the system is trading them and change their performance. Usually by increased slippage settings or, if they're kinder, just giving off quotes or market already moved responses to orders. Bear in mind mine is all news trading. once a broker is unhappy with my system it's easy for them to push the account to a certain bucket.
I've seen it over hundreds of accounts over the last ten years. I could go into more detail but that's the short version. The system never crashes. It's not that kind of beast.
I've seen it over hundreds of accounts over the last ten years. I could go into more detail but that's the short version. The system never crashes. It's not that kind of beast.
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Apr 23, 2023 at 15:47
SD2RS posted:When i saw this i didn't understand anything from it when to sell or when to buy and at what position ?
See the screen shot attached, and trade opposite what is sentiment showing you will earn alot, dont need any indicator or any EA, see your self then tell me
https://t.me/Huntmod
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Apr 24, 2023 at 16:24
SD2RS posted:
See the screen shot attached, and trade opposite what is sentiment showing you will earn alot, dont need any indicator or any EA, see your self then tell me
I see what pairs you trade and that's it. Where is the trade itself? Where is profit and drawdown indicated? Nothing is visible at all.
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245 ieraksti
Apr 27, 2023 at 19:37
Rococo_XVII posted:WhiteWitcher posted:
Oh my strategy based on technical analysis with Japanese candles and MA indicators. I have medium-term trading on the most popular currency pairs. On average, my profitability per month is 4%.
Wow. Good income. What about drawdown? I would also be interested to hear about this.
Oh this is bad situation for now lol. I have 28% of drawdown for now. And I'm looking for ways to solve this issue. For me, this is already like a loss that could be a profit.
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Apr 27, 2023 at 19:38
I would like to say that Market is constantly changing.
As soon as I develop my analysis, only trading will begin to bring me a profit of about 5% per month, sometimes it happens one-time and trades up to 10% of the balance in profit.
A very little time passes, about 2 months, and everything, everything that I did, works exactly the opposite. And I start to lose and lose and lose again.
So now I'm just looking for profitable traders who are really professional.
Looks familiar?
As soon as I develop my analysis, only trading will begin to bring me a profit of about 5% per month, sometimes it happens one-time and trades up to 10% of the balance in profit.
A very little time passes, about 2 months, and everything, everything that I did, works exactly the opposite. And I start to lose and lose and lose again.
So now I'm just looking for profitable traders who are really professional.
Looks familiar?
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Apr 27, 2023 at 22:08
I think what helped me was trading with a win loss ratio of 2:1 or if 2 seems too far, reduce to 1.5:1. I do switch from 2 to 1.5 sometimes. Once a trade is placed based on your analysis. Stick with it. Do not be troubled and let the market do its thing. If you can win just 45-50% of your trades and still be profitable.
A Day @ A Time
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Apr 28, 2023 at 12:57
RaftRob55 posted:
I would like to say that Market is constantly changing.
As soon as I develop my analysis, only trading will begin to bring me a profit of about 5% per month, sometimes it happens one-time and trades up to 10% of the balance in profit.
A very little time passes, about 2 months, and everything, everything that I did, works exactly the opposite. And I start to lose and lose and lose again.
So now I'm just looking for profitable traders who are really professional.
Looks familiar?
If a trader is really not able to earn money on his own and constantly loses, then he should admit to himself and look for other ways to get profit.
Think thrice before opening an order
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Apr 28, 2023 at 12:58
WhiteWitcher posted:Rococo_XVII posted:WhiteWitcher posted:
Oh my strategy based on technical analysis with Japanese candles and MA indicators. I have medium-term trading on the most popular currency pairs. On average, my profitability per month is 4%.
Wow. Good income. What about drawdown? I would also be interested to hear about this.
Oh this is bad situation for now lol. I have 28% of drawdown for now. And I'm looking for ways to solve this issue. For me, this is already like a loss that could be a profit.
Do you really think it's really great drawdown? I would not say that.
Think thrice before opening an order
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Apr 28, 2023 at 13:02
JTCarcil posted:
I think what helped me was trading with a win loss ratio of 2:1 or if 2 seems too far, reduce to 1.5:1. I do switch from 2 to 1.5 sometimes. Once a trade is placed based on your analysis. Stick with it. Do not be troubled and let the market do its thing. If you can win just 45-50% of your trades and still be profitable.
You know, it's a good idea. But I always want to have more. Although I always try to subdue impulses of greed. It always ends badly.
Think thrice before opening an order
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Apr 28, 2023 at 13:04
B1FXprof posted:
@Rococo_XVII no sorry, I mean....brokers flag accounts as in they notice how the system is trading them and change their performance. Usually by increased slippage settings or, if they're kinder, just giving off quotes or market already moved responses to orders. Bear in mind mine is all news trading. once a broker is unhappy with my system it's easy for them to push the account to a certain bucket.
I've seen it over hundreds of accounts over the last ten years. I could go into more detail but that's the short version. The system never crashes. It's not that kind of beast.
I get it.
Think thrice before opening an order
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229 ieraksti
May 05, 2023 at 11:42
Does anybody have other advices??
Think thrice before opening an order
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245 ieraksti
May 09, 2023 at 18:58
Oh each spoke about what works with him. Try at least something, and do not go into denial all the time. lol
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46 ieraksti
May 10, 2023 at 03:46
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions. I believe that a combination of EA and manual risk management is ideal. Most trading can be left to the EA to execute trades according to your pre-established strategies. When there are major market changes, you can intervene manually. Of course, this requires a keen sense of the market.
The market always has unpredictable fluctationes，risk management is always the number one priority
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May 10, 2023 at 12:23
EmilyLee posted:
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions. I believe that a combination of EA and manual risk management is ideal. Most trading can be left to the EA to execute trades according to your pre-established strategies. When there are major market changes, you can intervene manually. Of course, this requires a keen sense of the market.
I would note that if you want to trade using an adviser, then it is important to have the skills to create it. Alas, not every trader can do this.
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May 10, 2023 at 14:11
I agree it is possible to skillfully combine expert and manual trading. I also agree for this it is desirable to create this EA by yourself. Unfortunately, there are many crooks among those who sell EAs.
Think thrice before opening an order
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46 ieraksti
May 11, 2023 at 02:44
DenverRRR posted:Yes, the EA was created by ourselves to repeatedly validate the data before launching in the marketEmilyLee posted:
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions. I believe that a combination of EA and manual risk management is ideal. Most trading can be left to the EA to execute trades according to your pre-established strategies. When there are major market changes, you can intervene manually. Of course, this requires a keen sense of the market.
I would note that if you want to trade using an adviser, then it is important to have the skills to create it. Alas, not every trader can do this.
Although the profit is only 10-15%, but we are looking for stable long-term profit
Often risk and profit are directly proportional to each other
If you want to pursue higher profits, you have to take higher risks
This is not what we want to see
You make 50% or even 100% profit today, and tomorrow the position is burst, so it is meaningless
This is gambling, obviously, this is not in line with the original purpose of our entry into the foreign exchange market
The market always has unpredictable fluctationes，risk management is always the number one priority
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May 11, 2023 at 03:07
Rococo_XVII posted:Yes, creating your own EA is not an easy task
I agree it is possible to skillfully combine expert and manual trading. I also agree for this it is desirable to create this EA by yourself. Unfortunately, there are many crooks among those who sell EAs.
First of all you need to know how to program, translate your strategy into code and verify it again and again, test the data of the last years and make it trade according to the rules you set
Why sell an EA?
I think the market is constantly changing, and EA's need to learn and update
A smart sales should bundle the benefits with the guest
Offer free EA and manual risk control
Only when the guest is profitable, you can get a share of the guest's profit
It's like you went to a great restaurant
The waiter's service makes you feel satisfied, and you are willing to pay the tip for it, right?
The market always has unpredictable fluctationes，risk management is always the number one priority
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May 15, 2023 at 14:18
Oh it is somehow strange for me to hear about a free EA.
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May 15, 2023 at 17:29
WhiteWitcher posted:I think you misunderstood what I meant
Oh it is somehow strange for me to hear about a free EA.
It's not free
If my EA signal makes you money and you are willing to use it consistently
I will charge you a share of your profits
Of course, if you don't make money, I can't receive your share, and if it doesn't make money, I don't think you will continue to use it, right?
The market always has unpredictable fluctationes，risk management is always the number one priority
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May 16, 2023 at 10:33
EmilyLee posted:DenverRRR posted:Yes, the EA was created by ourselves to repeatedly validate the data before launching in the marketEmilyLee posted:
Indeed, one of the downsides of manual trading is that it's difficult to resist the temptation of greed and make mistakes due to emotions. I believe that a combination of EA and manual risk management is ideal. Most trading can be left to the EA to execute trades according to your pre-established strategies. When there are major market changes, you can intervene manually. Of course, this requires a keen sense of the market.
I would note that if you want to trade using an adviser, then it is important to have the skills to create it. Alas, not every trader can do this.
Although the profit is only 10-15%, but we are looking for stable long-term profit
Often risk and profit are directly proportional to each other
If you want to pursue higher profits, you have to take higher risks
This is not what we want to see
You make 50% or even 100% profit today, and tomorrow the position is burst, so it is meaningless
This is gambling, obviously, this is not in line with the original purpose of our entry into the foreign exchange market
I agree that any profit always has a certain share of risks. But if you burst at once, this already speaks of incorrectly calculated risks. How do you calculate risks in your EA system? For which specific traders is it suitable?
