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- 41 Results (2 Threads , 39 Replies )
- alexmccullie replied Jun 30, 2023
What is the rush to lose money as most new traders do? Instead build your knowledge and experience and develop a well tested trading plan before putting even the smallest trade on a live account. That's what happens in every other professional field ...
- alexmccullie replied Jun 21, 2023
I often use an ATR calculation
- alexmccullie replied Jun 21, 2023
A quote from blueberry markets: The Opening Range Breakout (ORB) Strategy involves taking forex positions when the currency pair prices break below or above the previous day's high or low. The opening range price is what you see during the first ...
- alexmccullie replied Jun 21, 2023
A while back I completed a forex Udemy course, where the instructor promoted a system of taking a trade in the trend direction with fixed SL and TP pips. If stopped out take a same size reverse trade. If take profit then open another trade in the ...
- alexmccullie replied Jun 21, 2023
Despite the desirability of those exotic sports cars (so often promised in this industry), I deliberately trade low risk with low returns. It's a fun part time activity that engages and tests my emotional control and planning skills. But, ...
- alexmccullie replied Jun 20, 2023
Re the hidden stop loss (and I have two typically in my EA - hard as a stop loss order and soft as EA controlled). How do you account for potential disconnection of your bot from your trading account API? I don't like the risk.
- alexmccullie replied Jun 20, 2023
A person's trading style is very personal and needs to suit one's lifestyle, commitments, desires, personal psychology, knowledge, and experience. Sharing trading strategies is more about sharing trading ideas to evaluate, adapt or reject. And I ...
- alexmccullie replied Jun 10, 2023
Yes, you can be self taught, but allow for considerable time and effort (e.g. 12 to 24 months) to start trading with your real money. Filtering out exaggerated internet claims will be a big challenge. Finally I'd set yourself a meaningful target ...
- alexmccullie replied Jun 9, 2023
Curious to wonder how things worked out some 20 years later
- alexmccullie replied Jun 8, 2023
There are so many aspects to trading success that have been covered extensively elsewhere. The two big ones are personal psychology and risk management. Ironically new traders are impatiently obsessed with trade entry systems. To me this is the ...
- alexmccullie replied Jun 8, 2023
As a curiosity I previously posted the same information in another forum but declared it as coming from ChatGPT. Including personal observations with this information would make it more engaging.
- alexmccullie replied Jun 2, 2023
Aside from the obvious - education and practise, you'll need to understand and accept (1) you can never truly predict the movement of prices at any time (regardless of analysis): (2) all price analyses are built on the assumption that the past ...
- alexmccullie replied May 24, 2023
Most are based on the assumption that past price action can be a prediction of future price action. Of course it cannot with any certainty. However it's all about improving the odds in your favour. So traders often use multiple analyses looking for ...
- alexmccullie replied May 20, 2023
We are unable to predict price movements with any certainty. Therefore you will have losses (from wrong guesses) and even have many in a row. The 50/50 probability that is often quoted is strictly from the law of large numbers, but not really ...
- alexmccullie replied May 3, 2023
I see stop loss and lot size as being quite different aspects of risk management. To me a stop loss sets a level when the trade is lost and likely not to be recoverable. It has the extra benefit of allowing to sleep at night. I use ATR or MA or, ...
- alexmccullie replied Dec 6, 2016
I meant this image of the open and take profit positions.
- alexmccullie replied Dec 6, 2016
On the plan was profitable... Â A selling order opened at 0.74832 with a take profit at 0.74366 (lots: 0.21) for a profit of $131.59. Opened at 2016.12.05 20:45:04 and closed at 2016.12.06 10:13:11
- alexmccullie replied Dec 3, 2016
Also fxRulesEngine LITE is running on a 5 minute chart. Alex
- alexmccullie replied Dec 3, 2016
Here is a simple example ofÂÂ trading resistance zones with hedging using fxRulesEngine LITE. I just picked AUDUSD. I used a free indicator (sr_zones) to identify support and resistance zones. I identified to price levels above and below a ...
- alexmccullie replied Dec 3, 2016
Hi bent78 have fun. Please tell me if the Quick Start is unclear. Alex