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Findforex_demo
What would you rather use for trading?
in
New Traders
Jun 12 at 17:09
To start, I suggest using simple indicators such as moving averages, RSI, Ichimoku, ....Social trading has the risk of being dragged into some point of market to be hunt by the brokers. So avoid it!!!But for the Expert advisors, learning how to create a robot to backtest your trading strategy is an advantage. However to have a constantly profitable robot you need high level of programming, mathematics and statistics. So It is a team work.
Regarding EA robot, do you think high profit or low DD is your first chiose
in
New Traders
Jun 12 at 17:05
The best result comes with highest number of "Recovery Factor".It includes both drawdown and profit. But you need to consider other factors based on your account type. If you are trading on prop firm accounts, you need to be carefull about daily drawdown which is also not shown in most trading instruments reports like mt5 or mt4
I am new to Forex and I am about to start my first trades.
in
New Traders
Jun 06 at 19:45
Hey, Ollie.Believe me or not, I wish I could go back to 3 years ago and start my career with the simplest strategy available and focus on it for the next 2 to 3 years!Different indicators, youtube videos, trading tools like Ninja, TradingView,.... cannot create a trader.That's the general part.But for your setup:First of all, you confirm wich setup is good for you, not other traders. Go back to the last year and start from 2023/01/01. Check your setup for this period. Check how your setup responds to trend moves and range periods. Every setup or trading method is good for an small portion...
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