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Psychology of Forex Trading

ChristianBeach
Feb 07 2019 at 12:25
12 mensajes
I too found converting a manual strategyt to EA very difficult. I think EA are better suited to non standard strategies. Trying to get support and resistance lines on an EA is almost impossible

Tcollinwood
Feb 10 2019 at 07:23
11 mensajes
What kind of strategy are better for EA? I have only learnt about support zones. Is MA cross suitable?

AniLorak
Feb 20 2019 at 07:04
920 mensajes
Tcollinwood posted:
What kind of strategy are better for EA? I have only learnt about support zones. Is MA cross suitable?


No; only moving average crossover trading strategy is not enough here; you know, trading is not much easy.

Adribaasmet
Feb 20 2019 at 07:26
937 mensajes
ChristianBeach posted:
I too found converting a manual strategyt to EA very difficult. I think EA are better suited to non standard strategies. Trying to get support and resistance lines on an EA is almost impossible


EA is a good option only for the EA developers; if you are trading manually then manual trading is the best choice for you.

SkeletonTj
Feb 20 2019 at 09:55
11 mensajes
But EA is good way to test a manual strategy. You can back test a strategy on mt4 in seconds. But would take days manually testing

Imamul
Feb 21 2019 at 10:55
576 mensajes
Actually only due to lack of trading knowledge is not the foremost reason for failing , according to me most of them are loser because of emotions and they try to take revenge when fall a loss. Nothing without it there is no reason behind major losses.

Alcides666
Feb 22 2019 at 07:41
10 mensajes
Maybe so but the losses start due to back knowledge. if they have good knowledge then wont has many losses and will be no need for revenge trading and emotion

Professional4X
Feb 22 2019 at 18:24
1189 mensajes
NascarLover posted:
That is true but some FX strategy cannot really be programmed well with EA.
It is difficult to program SR an strategy that use chart patterns / sloping trend lines. it is possible but not easy.


That's complete nonsense. It is a trivial matter to query the data on the MT4.


if(iSAR(NULL,0,0.02,0.2,0)>Close[0]) return(0);


https://docs.mql4.com/indicators/isar




Read the documentation, and take a look at the available source code examples.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Adribaasmet
Feb 24 2019 at 07:25
937 mensajes
Alcides666 posted:
Maybe so but the losses start due to back knowledge. if they have good knowledge then wont has many losses and will be no need for revenge trading and emotion

Exactly, I have also same opinion; knowledge is the key! When you have enough knowledge then definitely you’ll know what to do & what to avoid.

forex_trader_[565984]
Feb 24 2019 at 07:27
144 mensajes
In my experience, in order to be successful in trading one must be having a thoroughly tested trading system and must be having a trading plan and the trader must execute the trading plan in each and every trade without fail.

In other words, a trading plan must include everything to execute each trade without any emotions. So for a newbie trader it is best to choose a trading system which uses set and forget type of trades by placing pending orders with fixed stop loss and take profit before even the trade gets executed in market. In this way, there is no question of making trading mistakes with emotions.

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