Look at any professional in any field, eg. sports. It hasn’t to be trading. They will tell you they improved most by learning from their mistakes. It doesn’t has to be looking at mistakes all day long, that’s not what I mean… Who cares about winning ...

Self funded vs prop firm… truth behind it

Hello fellow Dax traders. I have a quick question at the end of the year. Is it "normal/regular" to see such relatively large movements outside of the regular trading hours of 09:00 - 17:30 CET, such as here last Wednesday 12/20/23 I wish you all a ...

Carpe diem: Intraday tactics for Dax and Dow

A professional trader's prime objective is to preserve capital. I would therefore argue that your statement is not entirely correct. You learn most from your mistakes not from your successes. Therefore, you should rather look at your losses. The ...

Self funded vs prop firm… truth behind it

Here this might give you a few more ideas to improve your EA. For the entry, consider the following ideas/filters: - Wait for a retest of x bar's close after the breakout level (first M5/M15 bar close above/below the high/low of the initial balance) ...

Trading Initial Balances and EA

So what’s the solution? ;-)

Why do people entitle scalping as invalid trading approach?

Btw, this version doesn't work for me on the MT4 strategy tester. The version on post 1 works.

Trading Initial Balances and EA

No experience myself but it just makes sense to me to have a more dynamic approach for defining a protective stop. The markets are dynamic and so setting your stop loss at a fixed number of x pips/points away your entry in every situation might be ...

Trading Initial Balances and EA

The moving averages (even the blue ones) seem to lag behind price quite a lot. Right now there seems to be a new signal forming on GBP/USD but price already on the move while the blue ma's not even crossed the yellow ones. image I guess it's yet ...

Simple Forex CobraSystem Thoughts Please?

GU, stopped out. image UJ, stopped out. image

Simple Forex CobraSystem Thoughts Please?

You won’t be able to effectively forecast rather you get a trending or sideways day. Nobody can, otherwise trading would be easy and we would only enter on trending days and ride the trend as long as possible and stay out for most other days. About ...

Trading Initial Balances and EA

Try to implement a dynamic stop loss to account in for the instrument’s recent volatility of the market you trade. Something like ATR/ADR, don’t use a fixed stop distance in points, it’s meaningless. Regarding to exits. My own backtests showed best ...

Trading Initial Balances and EA

image

Simple Forex CobraSystem Thoughts Please?

Hey Karl. I just noticed that I apparently came across this strategy 2 years ago and tried it without success. Maybe you have to trade this over several markets at the same time or at least place more than order a day. I will still backtest it again ...

Prop Firm Hub

Okay, show me ONE. And then show me how the trader does it every year for the last 10 years. Everyone can be lucky. If you make such strong theses you should be able to substantiate them, everything else is populist nonsense. Thank you.

Self funded vs prop firm… truth behind it

Given these statistics, I would probably have a chance to trade for my life in Nigeria image

Prop Firm Hub

No, but in my opinion all the ICT and SMC stuff is solid crap. Who doesn’t claim to make a lot of money trading on YouTube! Only winners there ;-)

Prop Firm Hub

100 into 1000 into 30000 „in a short period of time“. That’s called gambling. You know how unrealistic such results are without taking HUGE risks, don’t you? You don’t need to open a trading account for it. Go to a casino somewhere, you CAN also ...

Self funded vs prop firm… truth behind it

Do you have a link to that signal provider?

Self funded vs prop firm… truth behind it

I also started to like trailing stops. They really seem to be helpful. What I'm still having a hard time with is whether or not i need to find multiple different strategies or if one is enough. Or how to deal with fundamentals, news etc. These are ...

Prop Firm Hub

Thanks for your comment. Yes. I know TT and used to watch his videos and live stream nearly 2 years ago but couldn’t really make use of it do build my own working trading plan. What Tom does is hard to copy and I don’t even want to simply copy ...

Prop Firm Hub