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Please, Help Me Stop Making Profit...

profit collector
bansostra (bansostra)
May 10 2015 at 08:03
197 posts
Just Joking....

sorry, just want to express my feeling tired watching many threads discuss about trading analysis comes to nowhere

i eat books of forex a lot for five years come to realize that i'm not an analyst, testing many strategies wasting much money still comes for nothing, i just know than i'm not an analyst (it's only me - i don't talk about anyone did the same)

finally i decided to quit mastering analysis and start to sharpening skill for trading

let's analyst do their job for making analysis no matter if they are a trader or not, and let the trader do focus for the job making profit picking up some good analysis from good analyst that seem work for daily trading activity, save time for trading activity that's the idea, believe me it works 😄

now, my life much happier as a trader than before, trading should be fun not stressful



naveed505
May 11 2015 at 06:17
2 posts
i am already on the same track but not yet profitable :)

profit collector
bansostra (bansostra)
May 11 2015 at 10:08
197 posts
naveed505 posted:
i am already on the same track but not yet profitable :)


keep your spirit up bro...

doctornasir (doctornasir)
May 11 2015 at 23:34
7 posts
I have come to the conclusion after 14 years of 'trading':
Real trading is Fundamental trading
Indicators FOLLOW the market, so they have already missed the golden time
When an analysis is in in perfect mode of trading, a 'bad' news comes, and topples everything up

Sooooooooooo
Money management is the key........
Have a good money management, and ask your youngest son to press green or red... you will win

(Warning) your son should not be old enough to read BUY or SELL, just the colors

doctornasir (doctornasir)
May 11 2015 at 23:39
7 posts
I have got a got special martingale money management strategy, I call it SENSIBLE MARTINGALE, that needs a system / Expert advisor.

The money management is:
If on losing trades, the next trade size is ‘added’ (aggressive mode = 0.01 - 0.02 - 0.03) rather than multiplied, it can sustain up to 20 consecutive losses. But it can even sustain up to 50 losses if it is bit conservative.

It should have a system / expert advisor with following characteristics.
It should:
have only one trade open at a time
have TP 10 times more than SL (e.g. SL 10 pips with TP 100 pips)
have minimum number of consecutive losing trades: set of 10 losing trades is ideal (Every trades from 1 till 10 lost with 10 pips each, and Trade 11 won with 100 pips), 20 is good, 30 is acceptable, 40 is limit. After each set, only 1 profit trade is fine
trade as frequently as possible.
I don’t know if any EA with those characteristics exists or not. If there is any, I request to share with me.

profit collector
bansostra (bansostra)
May 12 2015 at 08:58
197 posts
doctornasir posted:
I have got a got special martingale money management strategy, I call it SENSIBLE MARTINGALE, that needs a system / Expert advisor.

The money management is:
If on losing trades, the next trade size is ‘added’ (aggressive mode = 0.01 - 0.02 - 0.03) rather than multiplied, it can sustain up to 20 consecutive losses. But it can even sustain up to 50 losses if it is bit conservative.

It should have a system / expert advisor with following characteristics.
It should:
have only one trade open at a time
have TP 10 times more than SL (e.g. SL 10 pips with TP 100 pips)
have minimum number of consecutive losing trades: set of 10 losing trades is ideal (Every trades from 1 till 10 lost with 10 pips each, and Trade 11 won with 100 pips), 20 is good, 30 is acceptable, 40 is limit. After each set, only 1 profit trade is fine
trade as frequently as possible.
I don’t know if any EA with those characteristics exists or not. If there is any, I request to share with me.


i'm sorry brother, money management is true help trader make profit but using martingale strategy with characteristic like that will only make an account burnt, find the logic, you will realize this EA will gain more losses rather than win😞

mavericks
May 13 2015 at 10:24
110 posts
bansostra posted:
Just Joking....

sorry, just want to express my feeling tired watching many threads discuss about trading analysis comes to nowhere

i eat books of forex a lot for five years come to realize that i'm not an analyst, testing many strategies wasting much money still comes for nothing, i just know than i'm not an analyst (it's only me - i don't talk about anyone did the same)

finally i decided to quit mastering analysis and start to sharpening skill for trading

let's analyst do their job for making analysis no matter if they are a trader or not, and let the trader do focus for the job making profit picking up some good analysis from good analyst that seem work for daily trading activity, save time for trading activity that's the idea, believe me it works 😄

now, my life much happier as a trader than before, trading should be fun not stressful





Problem with analysis technical/fundamental is that you are analysing chaotic market. No matter how good you get its still mostly game of chance.

By sharpening your trading skills you will be choosing a better road.

Regards

Get investors and get paid 15 percent of theyr profits. More on my website.
RedRhinoLab
May 13 2015 at 12:43
631 posts
doctornasir posted:
I have got a got special martingale money management strategy, I call it SENSIBLE MARTINGALE, that needs a system / Expert advisor.

The money management is:
If on losing trades, the next trade size is ‘added’ (aggressive mode = 0.01 - 0.02 - 0.03) rather than multiplied, it can sustain up to 20 consecutive losses. But it can even sustain up to 50 losses if it is bit conservative.

It should have a system / expert advisor with following characteristics.
It should:
have only one trade open at a time
have TP 10 times more than SL (e.g. SL 10 pips with TP 100 pips)
have minimum number of consecutive losing trades: set of 10 losing trades is ideal (Every trades from 1 till 10 lost with 10 pips each, and Trade 11 won with 100 pips), 20 is good, 30 is acceptable, 40 is limit. After each set, only 1 profit trade is fine
trade as frequently as possible.
I don’t know if any EA with those characteristics exists or not. If there is any, I request to share with me.


Yes I built very similar to your model that could sustain many losses in row then on winning trade it would sky rocket the gains.

https://www.myfxbook.com/members/RedRhino/ats-2-discuss-httpredrhinofxcomalgoendura/765389

I built that after building a simpler system ats1 that was pure martingale that double down after loss and it did well for over a year

https://www.myfxbook.com/members/RedRhino/martingale-1-year-b4-crash/688728

The strategy is actually very important and you must filter, filter filter to find a pattern that repeats itself regularly. PM if you want more details and open trade history. I haven't looked at these system for over a year but still have the code in archive.

RedRhinoLab
May 13 2015 at 12:49
631 posts
mavericks posted:

Problem with analysis technical/fundamental is that you are analysing chaotic market. No matter how good you get its still mostly game of chance.

By sharpening your trading skills you will be choosing a better road.

Regards


What skills are required to trade manually? What practice should we exercise and if it really worked , why can't we automate the same process? Many traders say that 'trade the fundamentals' but what are fundamentals besides deviations in the economical news releases? Can't that be automated as well and haven't we seen news trading in that style many years ago before liquidity turned dry and before mt4 brokers wided spreads to prevent news trading?

Thank you in advance for detailed reply!

tankbeta (tankbeta)
May 14 2015 at 04:44
170 posts
Learn from mistakes.

after that you earn

Plan your trades and trade your plans.
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