well, that's true if you develop a system and only then check it's KPI's, or reuse existing systems you find out there. I personally develope my systems by myself, and take my RRR preference into account when building the system, not after that

Using 1:1 risk/reward in trading as a psychological edge

I'm using a similar method. I'm always setting SL first of course, most of the time below/above the last swing low/high (but not less than X pips, depends on the TF and volatility). TP is 1:1. and I'm setting a fixed amount of $ to set my position ...

Using 1:1 risk/reward in trading as a psychological edge

well, that's exactly what I didn't want this thread to be - yet another trading techniques thread anyway, nothing too excited I'm afraid. mainly price action patterns. like breaking S/R level, retesting, and continue the breakout. or ...

Using 1:1 risk/reward in trading as a psychological edge

Oh god… I’m on GMT-2 so I’ve just woke up and got all your great feedback. First, I really happy about this discussion – this is exactly the direction I wanted this thread to go. Discussing the mental implications and not tech analysis / math ...

Using 1:1 risk/reward in trading as a psychological edge

Just realized that... this EA indeed modify orders so it's a problem Thanks guys anyway, and great hack Honestknave!

Enable/Disable external EA

Trade Explorer — Hi Nexas, ForexFactory have a great tool named Trade Explorer. You can see all trades in real time + charts. People can share their TradeExplorer and others can track & learn a lot from it. For example, my trade explorer: ...

Day Trading for a Living

Thanks! I actually took NB main concepts from 5.0 & 10.0, and made my own adaptations. I enter a counter-trend trade after I identify a weakness of a well-defined trend (I occasionally use the NB meter signal and/or FX5 MACD divergence). I set TP ...

NB Counter-Trade Trading

Going live! — After 4 months of trading demo, I feel comfortable to go live. Isn't 1/1/2012 the most appropriate timing? you can see the results so far on the beginning of the following thread using ForexFactory "Trade Explorer": ...

Nb 10.0 range trading system

Going Live! — After 4 months of trading demo, I feel comfortable to go live. Isn't 1/1/2012 the most appropriate timing? you can see the results so far on the beginning of this thread using ForexFactory "Trade Explorer". I'll make the live ...

NB Counter-Trade Trading

So far so good — Just wanted to let you know, that I'm continue using NB concepts from his original system (4H), with a few adaptations to my trading style & beloved indicators, with gr8 success so far (3 months of trading on 4H charts - only ...

Nb 10.0 counter trading system

I love Forex Factory! — If you'll scroll to the beginning of the thread, you can see my Trade Explorer for the account I trade this method on. It's better than any status summary I could have post. Thx FF for gr8 product, and NB for gr8 job & ...

NB Counter-Trade Trading

Sell: EURNZD @1.75769, TP @1.74610 Buy: CADJPY @75.279, TP @76.367 Floating: EURGBP. Entry @0.85739, TP @0.86350 (-36 pips)

NB Counter-Trade Trading

Status — Wasn't here for a while, so here is an update. As it takes me a lot of time to prepare this report, I'll do it from now on only once a month or two. On the other hand, I'll update about trades in real time. Floating trades: EURGBP. ...

NB Counter-Trade Trading

weekly report - 11.9 - 17.9 — Very weak week... Mainly trying to recover on the GBP pairs, and these positions are still floating. Attached detailed report (closed & floating trades) for the previous week. Weekly pips: +127 Floating pips: -626 ...

NB Counter-Trade Trading