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Emotion in Forex trading

SurePath
dWaverFX
Jan 30 2019 at 12:50
게시물13
Establish emotional boundaries between you and the trade, accept personal responsibility for your actions and let it go.

AniLorak
Jan 30 2019 at 12:57
게시물920
niceGLer posted:
In coming friday, the 1st of February is the NFP release day. I've decided to stay on sidelines until next week. That is emotionally difficult not to take any action. Almost depressing.

I didn't trade so much on demo. Instead, I tried to limit my losses until I get the grip from trading.


Then now you are using micro account; isn’t? besides, if you are not confident enough; better to leave the news session.

Donald Betcher (DonaldB)
Jan 30 2019 at 13:03
게시물38
togr posted:
iamjacobs posted:
togr posted:
Emotions makes us humans.
They also make us so bad traders.


if(emotions makes us humans && emotions makes us so bad traders){
     Humans are so bad traders;
}else{
    You are in 5%, who have profit;
    You are an alien;
}


Human without emotion is not necessarily alien :)


Of course not :-)
Human ? (You are in 5%, who have profit) : alien;

But I'm also not sure if aliens have emotions...

Donald Betcher (DonaldB)
Jan 30 2019 at 13:03
게시물38
togr posted:

Or simply you convert your trading idea to robot.
Test it with tick data precision over years
Run it on demo
Run it on small account
Run it big
Became independent trader, trading for living.

That is my story in short.


This is a good idea to avoid a risks caused by emotions. But it should be adjusted all the time to make the EA working for each market style.

vontogr (togr)
Jan 30 2019 at 13:04
게시물4862
DonaldB posted:
togr posted:

Or simply you convert your trading idea to robot.
Test it with tick data precision over years
Run it on demo
Run it on small account
Run it big
Became independent trader, trading for living.

That is my story in short.


This is a good idea to avoid a risks caused by emotions. But it should be adjusted all the time to make the EA working for each market style.


Nope if you BT over 10 years there is no new situation
Everything happened already - recall Swiss bank peg removal

niceGLer
Jan 30 2019 at 16:23
게시물168
AniLorak posted:
niceGLer posted:
In coming friday, the 1st of February is the NFP release day. I've decided to stay on sidelines until next week. That is emotionally difficult not to take any action. Almost depressing.

I didn't trade so much on demo. Instead, I tried to limit my losses until I get the grip from trading.


Then now you are using micro account; isn’t? besides, if you are not confident enough; better to leave the news session.

 
Yes, I am using a very small micro account. I exceeded already my profit target for January. I know one can make huge gains during news releases, but it is also very risky. My current broker has made it too expensive to trade in very short time frames (~1 pips) so I am leaving those high volatility occasions unless I have a position already open and the situation favors me. Besides it seems that EURUSD and AUDUSD are ranging, in any case.

I think I am getting into trading, little by little. It took 4 long years, and it is actually easier and more boring than I thought in the beginning. Waiting game, I would say.

Taking part to discussions helps a bit ;)

Nasrul
nasrul_poyo
Jan 31 2019 at 07:29
게시물124
Emotion. Arghhhh. Whenever there is no setup to entry, my fingers shakingggggg. Then, i just enter the trade, and it becomes nightmare 😂

niceGLer
Jan 31 2019 at 10:03
게시물168
togr posted:

Or simply you convert your trading idea to robot.
Test it with tick data precision over years
Run it on demo
Run it on small account
Run it big
Became independent trader, trading for living.

That is my story in short.


This has been in my TO-DO list for awhile.
I've been programming with C during my studies. C is a procedural language like MQL4 is, mostly. Since MQL4 has also OOP characteristics, I'd like to program EA's in object oriented style. However, most of the examples and code have been done in old-school fashion. So not much help from there.

So my plan is:
1) Gain capital
2) Move to longer time frames
3) Have time for learning OOP programming language like Java (and learn OOP fashion)
4) Start programming EAs

I appreciate your suggestion. Any ways of making this quicker? I am a hands-on learner.

I believe that EAs are a tool for controlling emotions. Also, I would use them for gaining more time for something else.

Marcus (HyperAI)
Jan 31 2019 at 10:52
게시물16
nasrul_poyo posted:
Emotion. Arghhhh. Whenever there is no setup to entry, my fingers shakingggggg. Then, i just enter the trade, and it becomes nightmare 😂


Yeah.

My cures of it is to open and forget. Just set up a sl and tp.

The AI is the future.
Adribaasmet
Jan 31 2019 at 12:24
게시물951
HyperAI posted:
nasrul_poyo posted:
Emotion. Arghhhh. Whenever there is no setup to entry, my fingers shakingggggg. Then, i just enter the trade, and it becomes nightmare 😂


Yeah.

My cures of it is to open and forget. Just set up a sl and tp.


It’s a great practice; by the way, I already closed my balance section from my chart; so I don’t feel huge pressure during the opposite moves.

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