TradeWizards's Posts - Page 2

What method do you use to draw past support and resistance levels? in Experienced Traders Jan 28, 2025 at 05:55

Please discuss ways to draw past support and resistance levels and Fibonacci if you have any ideas or methods.

How to become emotionless trader? in New Traders Jan 23, 2025 at 13:52

You’re right.But if you turn the strategies into Expert Advisors and test them first and let them make the decisions for you, this problem is solved.You just manage your risk and monitor and have fun.

How to become emotionless trader? in New Traders Jan 22, 2025 at 14:50

It's not the only way, but it's the best.

How to become emotionless in forex? in General Jan 16, 2025 at 14:35

This algorithm is not dependent on market ticks and the entry points and TPs never change. And there is no difference between the real market and the past data.I post screenshots of live market signals on my profile page about every day.

How to become emotionless in forex? in General Jan 15, 2025 at 14:09

The most powerful strategy I designed is related to the combination of several trend strategies that filter the entry points and a pattern is used to communicate positions and drawdown control, which is a special combination of grid and hedging methods.Fibonacci and some principles of price action are also used in this pattern.I haven't released this Expert Advisor yet, I just released one of its trend indicators called TW Trend Sniper, you can see it on the MQL5 site.

How to become emotionless in forex? in General Jan 14, 2025 at 15:41

Yes, I am a MQL programmer and I use my own specialized robots.You can search for TradeWizards on the MQL5 site and see my strategies and articles.Ask me any specialized questions you have

How to become emotionless in forex? in General Jan 13, 2025 at 16:57

Most of the strategies that are based on technical analysis have fixed and certain principles and have specific algorithms in different conditions. If you test EA in similar conditions in the past, then the same thing will happen in the future.The basis of the problem in trading occurs when you want to adapt to unexpected conditions at a critical moment. This creates a disaster mentally and practically.The best traders only follow the pre-established rules, which is the main feature of EAs.Read the story of the successful strategy of the turtles.Never analyze in a moment of crisis.

How to become emotionless in forex? in General Jan 13, 2025 at 05:23

Using Expert Advisors is very effective in trading success.But it must be tested before use in all critical situations and be compatible with your trading mindset.An expert advisor who has gone through the news and geopolitical events and economic crises of a currency pair in the past, can be successful in the future as well.Robots cannot predict the future, they only execute patterns without human emotion and error.

How to make much profits in New Traders Jan 04, 2025 at 05:05

The goal of trading in Forex is only short-term profit, and when you focus on a specific currency, this becomes easier and you master technical patterns and fundamental trends, and you will be more successful both psychologically and practically.But if the goal was long-term investment and holding, we should have made this range of goods and currencies a little wider

How to become emotionless in forex? in General Jan 02, 2025 at 14:36

Risk management is a very complex subject, contrary to everyone's imagination.It should be designed according to the volume of capital and currency you trade, the fundamental situation, and the type of strategy and trading pattern.The percentage of capital inflow in a trade should be adjusted to the total balance.Never see your trades separately.Use compensating patterns to control the growth trend of the balance.The risk to reward of each trade and the total trades should be examined.Policies and geopolitical trends, etc. are very important in the volume of trades and determining the long...

How to become emotionless in forex? in General Jan 01, 2025 at 07:35

The important thing is that you find a way to create a calm mind so that you can be your best self.Nobody is perfect, but they can be their best self.Fear and greed are both factors of failure. They are the result of a mind with scattered data. Any way you can find to invite it to silence and peace is right. Sometimes music and dance also work.I have been meditating for years. And it is not just for trading, it is effective for all aspects of life.Mark Douglas's books also offer good ideas.

How to become emotionless in forex? in General Jan 01, 2025 at 07:11

I spent a long time studying bots and signals, analyzing patterns and profit and loss factors, and used many of them and made good profits, but risk management was still necessary.I used to prepare a trading journal from them and researched their annual data.The most important factor in an algorithmized strategy is not the strategy itself, but the risk management model and the communication structure of each transaction.I have seen algorithms with 90% success that have been called margin during the crisis, but algorithms with 50-60% success that have never been called margin.It got a little co...

How to become emotionless in forex? in General Dec 30, 2024 at 12:20

It was very difficult to control the stress of losing and the excitement of winning, and I controlled myself by not trading and meditating. Later, I became friends with a person who was a programmer and together we started converting strategies into indicators and then into robots.It was hard work, but when you trade without stress, even small profits become pleasant.

How to become emotionless in forex? in General Dec 30, 2024 at 08:06

I have been trading forex for 10 years.For the first 5 years, I traded manually and controlled my trades using Mark Douglas books and risk management, which was a very difficult task. But it was effective.I have been a MQL programmer for 5 years now and I convert my strategies into algorithms, indicators and robots and I am much more comfortable.I have been selling my products on the MQL5 site for a year now.I am friendly to answer any question you have.

How to become emotionless in forex? in General Dec 28, 2024 at 08:02

I was doing manual trading for 5 years but now we are a team of MQL programmers and we only use algorithms and money management strategies.

How to become emotionless in forex? in General Dec 24, 2024 at 16:11

I have been trading for 10 years and like all traders I have tested many ways and lost a lot of money.But by reading the books "The Disciplined Trader" and "Trading in the Zone" by Mark Douglas and by frequent practice and creating personal discipline I was able to control myself.I have been a MQL5 programmer for 5 years now and use my strategies as Expert Advisors.If you have any questions, I will help you.

How to become emotionless in forex? in General Dec 24, 2024 at 06:46

You made good points, having a trading journal is very important.But it is important to note that there is a fundamental difference between a demo account and a real account. When you work with a demo account, your mind behaves differently than a real account, and emotions create havoc when dealing with real money, and a demo account is only useful for testing and reviewing strategies, not controlling emotions.So when entering a real account, trade for a relatively long time with minimal volume and with complete calmness so that your mind gets used to the profits and losses of real money.

How to become emotionless in forex? in General Dec 23, 2024 at 15:22

The first step is to set yourself some rules for emergencies before you start trading. Like stop loss etc.The second step is to stick to them and never open a new trade until you have completely recovered your emotions.Try to neutralize the emotional feelings of profit and loss before entering the next trade.

How to become emotionless in forex? in General Dec 22, 2024 at 09:11

There are several ways to control and override this:1- Creating conditions for emotional and psychological control.2- Test and practice for mastery and self-confidence so that fear and greed disappear.3- Use robots and algorithms instead of personal trading.4- use signals and experts.If you can't find a way to control your emotions when trading, you're doomed to fail in the long run.

The end of 2024. in General Dec 22, 2024 at 09:01

We hope your Christmas is loaded with fun, laughter, and some awesome financial wins. Let’s kick off the new year together with lots of good vibes and great profits!Cheers, The Trade Wizard Team

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