scalping is risky ?
Membre depuis Aug 27, 2017
posts 994
Aug 05, 2018 at 06:09
togr posted:
Trading Forex as it is is risky.
Be it failure of strategy or of hardware or your greed ot broker.
Anything you deposit can be lost.
It is worth it it do your homework this time.
You are right, there is nothing like guarantee in Forex; that’s the true fact! This is why, pro traders use SL & trailing stop regularly.
Membre depuis Aug 27, 2017
posts 994
Aug 12, 2018 at 05:53
DFisher posted:
You are right, there is nothing like guarantee in Forex; that’s the true fact! This is why, pro traders use SL & trailing stop regularly. I think trading is not just about profits it is about how much didn't lose.
Thanks mate! Yes, it is! Even, I am more sincere on the SL rather than my TP.
Sep 02, 2018 at 08:34
I have seen according to my trading experience despite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So we the traders who are particularly scalpers always have to be more careful when choosing a broker. Scalping will be successful when you could make sure lowest trading spreads which is very supportive to make profit with certainly by scalping that brings profit in a short time.
Sep 03, 2018 at 07:03
Scalper is indeed popular, the effective strategy one, it's more of arbitrageur than speculator. But it'll be too risky if one does not have sound knowledge about it, or without proper concentration or do not use SL. Earn knowledge and risk management first to earn the fitting strategy. All the best!
Sep 04, 2018 at 06:53
I only do scalping when I see the good timing, its part of the tool kit not just sticking to one thing.
Forex is only for people who want to all risk.
scalping or not, there are always risks.
Forex is only for people who want to all risk.
scalping or not, there are always risks.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Membre depuis Sep 05, 2018
posts 6
Sep 05, 2018 at 07:44
Adribaasmet posted:Indeed. There's no guarantee in forex or in life. That is what makes the scope for both profits and loss so wide in trading. That is why it is better to be forearmed with good strategies, knowledge, skills and risk management tricks before you start tradingtogr posted:
Trading Forex as it is is risky.
Be it failure of strategy or of hardware or your greed ot broker.
Anything you deposit can be lost.
It is worth it it do your homework this time.
You are right, there is nothing like guarantee in Forex; that’s the true fact! This is why, pro traders use SL & trailing stop regularly.
Membre depuis Aug 27, 2017
posts 994
Nov 27, 2018 at 07:26
MikkeyBells posted:Adribaasmet posted:Indeed. There's no guarantee in forex or in life. That is what makes the scope for both profits and loss so wide in trading. That is why it is better to be forearmed with good strategies, knowledge, skills and risk management tricks before you start tradingtogr posted:
Trading Forex as it is is risky.
Be it failure of strategy or of hardware or your greed ot broker.
Anything you deposit can be lost.
It is worth it it do your homework this time.
You are right, there is nothing like guarantee in Forex; that’s the true fact! This is why, pro traders use SL & trailing stop regularly.
Thanks mate! Yes, I agree on all of your parameters! Each & every points are crucial.
Dec 12, 2018 at 11:30
Pacifico posted:
That means your win rate needs to be 70% just to break even (and that is with 0pip spread). Do you make any money using those values or just generate losses. I find it difficult to believe anyone can win with that risk: reward
I only generate $ for my broker.
Trading for a living
vontogr (togr)
Membre depuis Feb 22, 2011
posts 4862
Dec 13, 2018 at 07:32
mdundifx posted:
I am a scalper. Only use it in M15 EUR/USD.
TP: 6 pips
SL: 15 pips.
Where did you get these values? Did you try backtesing?
There is a tool to backtest even manual strategy.
Dec 13, 2018 at 11:07
Where did you get these values? Did you try backtesing?
There is a tool to backtest even manual strategy.
Yes, I have done a lot of backtesting.
My strategy is only based on pullbacks.
I wait for the first pullback into EMA20 + engolf.
The target is very small (6 pips) and very accurate.
Best regards,
Trading for a living
Membre depuis Nov 20, 2018
posts 11
Dec 13, 2018 at 11:16
What do you mean by 'There is a tool to backtest even manual strategy. '? I thought that MT4 could only backtest EAs? How would one backtest a manual strategy?
vontogr (togr)
Membre depuis Feb 22, 2011
posts 4862
Dec 13, 2018 at 15:31
PinguPeter posted:
What do you mean by 'There is a tool to backtest even manual strategy. '? I thought that MT4 could only backtest EAs? How would one backtest a manual strategy?
there is special EA built for MT4 that allows to replay markets from past and you can trade manually as you do but much faster
Bindaytrader (Bindaytrader)
Membre depuis Mar 10, 2018
posts 12
Dec 16, 2018 at 09:37
I am doing 20-50 trades a day with a winrate beetween 70-80% taking only 1-3 pips with a stoploss at 2.5 pips and are doing fine rearly i have a loosing day mayby one a month and are making beetween 20-30 pips a day and the trades are more often 1 pip than 3 pips get in and out 1-3 minutes i use 3 min chart with EMA`S as dynamic supp/ress together with pivots and fibs...
Stay real
Dec 16, 2018 at 11:19
irinsexpert posted:
every technica system you are using is risky, short term, long term.
scalping in short term is also risky. high risk high return, that is what keeps me on going everyday.
That’s the point mate: good skilled traders don’t step back since they are confident. Without proper knowledge, everything is risky.
kieran (snapdragon1970)
Membre depuis Sep 12, 2015
posts 1948
Dec 16, 2018 at 12:43
Bindaytrader posted:
I am doing 20-50 trades a day with a winrate beetween 70-80% taking only 1-3 pips with a stoploss at 2.5 pips and are doing fine rearly i have a loosing day mayby one a month and are making beetween 20-30 pips a day and the trades are more often 1 pip than 3 pips get in and out 1-3 minutes i use 3 min chart with EMA`S as dynamic supp/ress together with pivots and fibs...
What about spread and commission costs ,why did you pick 3 pips as a max , 3.25 would be the right amount as a min.
"They mistook leverage with genius".
Membre depuis Aug 27, 2017
posts 994
Dec 17, 2018 at 07:46
Bindaytrader posted:
I am doing 20-50 trades a day with a winrate beetween 70-80% taking only 1-3 pips with a stoploss at 2.5 pips and are doing fine rearly i have a loosing day mayby one a month and are making beetween 20-30 pips a day and the trades are more often 1 pip than 3 pips get in and out 1-3 minutes i use 3 min chart with EMA`S as dynamic supp/ress together with pivots and fibs...
Cool; do you have any specific target on trading session; or you are randomly using all of the sessions?
