Simple always comes before complex. Which means that if the forex market was to have opened trades to the public, for the first time today. Most of you would not of placed trades, as the Higher TF would not exist. 😑 So, tell me why you would RISK money trading higher tf, and trying to catch tops and bottoms, when you clearly don't have an understanding of the most simple form of trading, which is engulfing patters.
@alexforex007: yes, accuracy helps LOTS. eg. 50% loss = 100% gains to recover @Cholipop: yes, risk is VERY SUBJECTIVE. But ultimately, 100% of invested funds are always at risk. To have 0% risk is to not invest at all (in my subjective opinion 😀).
Its working No GRID, No MARG, No ARB, No HEDGE ,No HFT Open and Close single trade at a time Avg. Trade Length: 1 Hour Expectancy: 1.8 Pips Near 600 Pips Made in 2.5 months Verified Real Account (Double Green Ticks)
5astelija posted: Of course everything is possible with leveraged account. Just like anything is possible in poker and roulette. Is it expectable? Nope.
You can expect ANYTHING, but some of your expectations could never become reality.... That is the same thing in forex. Until we start to take out all the junk from our system, only then will you be able to turn 100 to 1000 consistently.
Well, thats partly right, though we should not think we are losing because there is 'junk' in our system. Simpler system isn't always a profitable system or even better than complicated system. Bad system is always bad system, which 90% of systems actually are.
How do you define a 'system'? A poor system is a system that does not have proven statistics and filters. One should learn how to filter the signals given by your system, because no system is perfect, it WILL fail at some point. The important thing is to be prepared, that's all, and keep pulling statistics and probabilities out of your system. This is just a game of probabilities.
System: The rules of opening and closing trades. If one's system gives bad signals and they need to be filtered, the system itself is bad IMO. How do you define failing? A loss trade? A drawdown percent?
When I build ea systems, I set the lot size small enough to prevent over 30% DD in multi-year backtest. Also the system should recover from any drawdown in less than 3 months.