so what leverage are you using and why should you check this only 3 times per day [any particular reason]
What's the tool that helped you most in trading? 49 replies
What helped you the most? 52 replies
Trading psychology - Share what has helped you the most 27 replies
Do you continue your search after you have found a profitable strategy? 11 replies
How long do you hold a trade and are you profitable? 22 replies
DislikedWell I saw the light only this month, then I found free platform forex strategy builder. Then I constructed my system on indicators, for different timeframes they are different. For example in pic below I found daily strategy, you need to look at her once about three days. Also I made strategy for M1, it's also works... But you need to test strategy every month, look is that strategy works or not.Ignored
DislikedNo, I check this only every third day, because is system on daily timeframe. Leverage is optimal 1:100. Money management, indicators values , SL and TP are picked by you. Then you change for example SL your balance is changing every second, because this platform dont need time like MT4 tester and dont need expert advisor. Simply you generate trading system which has worked best last month and go scalp on TF M1...Ignored
DislikedHello guys,
here is what helped me the most: Sticking to money management rules. I only risk 1% of my capital that I have in my account. I determine the trade risk (stopploss - entry) beforehand and then I calculate how much trade size is: Account Risk / Stoploss Entry = X$ Per Point -> That`s my trade size. Knowing these numbers beforehand really got me a long way down. Of course the most challenging part is to stick with these ratios.
CheersIgnored
DislikedHello guys,
here is what helped me the most: Sticking to money management rules. I only risk 1% of my capital that I have in my account. I determine the trade risk (stopploss - entry) beforehand and then I calculate how much trade size is: Account Risk / Stoploss Entry = X$ Per Point -> That`s my trade size. Knowing these numbers beforehand really got me a long way down. Of course the most challenging part is to stick with these ratios.
CheersIgnored
DislikedSo say I have £500 in my account, to apply your formula I would:
£500 x 1% = £5.00
Say the difference between the stoploss and entry point is 20 pips, so £5.00 / 20 = 0.25. So that's £2.50 per pip?
Correct me if i'm wrong.Ignored