This is swing trading methodology, no scalping.
The default risk is set to 2.0 (2% risk per trade), which is moderate risk tolerance.
Maximum allowed account size is 8k USD
Users' recommended risk setting is 1.0x (2% risk per trade)
For conservative or large accounts, use 0.5x (1% risk per trade).
For aggressive, use 1.5x (3% risk per trade). Anything greater is NOT recommended
Expected R:R ratio > 2 to 1.
Expected DD** < 15% (more than 7 consecutive losses to break that assumption)
The market is a battlefield, not for thrill-seeking and windfall profits. Every moment is filled with uncertainty, danger and pitfall. The object of battle is victory, not lengthy campaigns. General position holding time is from one day to weeks.
Preserving capital (risk management) is first priority, growing capital comes second. There is no such thing as ‘IF’ and ‘HOPE’ in the market. There is consequence for harbouring this thought. Hold onto losing positions indefinitely results in less benefits and more harm. Loss is capped at 2% per trade** (Slippage occurs when there is big volatility).
The more transactions, the more likely to make mistakes. Frequent trading doesn't necessarily lead to more profits. However insufficient activity is unprofitable, best way is to balance. Sustained profitability can be expected only by doing the right thing. Approximately 10 transactions monthly. (Every trade is separated in half because MT4 doesn't allow partial close. The # of trades is actually 1/2 less than what is shown)
**Based on default risk calculation
The default risk is set to 2.0 (2% risk per trade), which is moderate risk tolerance.
Maximum allowed account size is 8k USD
Users' recommended risk setting is 1.0x (2% risk per trade)
For conservative or large accounts, use 0.5x (1% risk per trade).
For aggressive, use 1.5x (3% risk per trade). Anything greater is NOT recommended
Expected R:R ratio > 2 to 1.
Expected DD** < 15% (more than 7 consecutive losses to break that assumption)
The market is a battlefield, not for thrill-seeking and windfall profits. Every moment is filled with uncertainty, danger and pitfall. The object of battle is victory, not lengthy campaigns. General position holding time is from one day to weeks.
Preserving capital (risk management) is first priority, growing capital comes second. There is no such thing as ‘IF’ and ‘HOPE’ in the market. There is consequence for harbouring this thought. Hold onto losing positions indefinitely results in less benefits and more harm. Loss is capped at 2% per trade** (Slippage occurs when there is big volatility).
The more transactions, the more likely to make mistakes. Frequent trading doesn't necessarily lead to more profits. However insufficient activity is unprofitable, best way is to balance. Sustained profitability can be expected only by doing the right thing. Approximately 10 transactions monthly. (Every trade is separated in half because MT4 doesn't allow partial close. The # of trades is actually 1/2 less than what is shown)
**Based on default risk calculation