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- How to earn more? Real advice from experienced traders.
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How to earn more? Real advice from experienced traders.
Biedrs kopš
229 ieraksti
Mar 17, 2023 at 13:21
Biedrs kopš
229 ieraksti
Hello.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?
Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.
I would like to hear real advice from real traders. Or to hear those who are in the same position as me.
That is why I create this thread. Welcome.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?
Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.
I would like to hear real advice from real traders. Or to hear those who are in the same position as me.
That is why I create this thread. Welcome.
Think thrice before opening an order
Biedrs kopš
1 ieraksti
Mar 18, 2023 at 13:59
Biedrs kopš
1 ieraksti
Hello
When you say technical analysis - can you elaborate?
When you say technical analysis - can you elaborate?
Biedrs kopš
229 ieraksti
Mar 21, 2023 at 15:45
Biedrs kopš
229 ieraksti
@JAM82 In trading, I use technical analysis. Fundamental is too heavy for my perception. And I do not see the point in it.
And from technical analysis I use indicators and the overall picture of the market situation. I watch the news, I read different opinions of analysts. And then on the basis of these data I build my analysis.
And from technical analysis I use indicators and the overall picture of the market situation. I watch the news, I read different opinions of analysts. And then on the basis of these data I build my analysis.
Think thrice before opening an order
Biedrs kopš
88 ieraksti
Mar 24, 2023 at 09:37
(labots Mar 24, 2023 at 09:38)
Biedrs kopš
88 ieraksti
@Rococo_XVII I've been trading profitably for about 12 years now. I'm a news trader.
early days were spent experimenting with things to reduce latency with mt4 orders like straddle trades otherwise you get slipped on the spike. then realised that a great number of brokers wouldn't allow straddle trades to be open like that before a news release (or at all in some cases). Spent a lot of time finding a source of news data fast enough to make it worth doing. Quickly realised that a lot of brokers' mt4 servers are setup to slip hard. built in lots of resilience to kill orders fast in emergencies. worked with data centres to ensure lowest rtt for broker comms....etc...etc
Net outcome is a very resilient, low dd, good returns system. lots of automated risk management. constant improvement on failures. long-term learning of how each trade behaves and therefore how to set up the triggers.
happy to discuss this further. depends what you're interested in really
early days were spent experimenting with things to reduce latency with mt4 orders like straddle trades otherwise you get slipped on the spike. then realised that a great number of brokers wouldn't allow straddle trades to be open like that before a news release (or at all in some cases). Spent a lot of time finding a source of news data fast enough to make it worth doing. Quickly realised that a lot of brokers' mt4 servers are setup to slip hard. built in lots of resilience to kill orders fast in emergencies. worked with data centres to ensure lowest rtt for broker comms....etc...etc
Net outcome is a very resilient, low dd, good returns system. lots of automated risk management. constant improvement on failures. long-term learning of how each trade behaves and therefore how to set up the triggers.
happy to discuss this further. depends what you're interested in really
Biedrs kopš
229 ieraksti
Mar 29, 2023 at 11:40
Biedrs kopš
229 ieraksti
Hi @B1FXprof
Have you been trading on the news since the very beginning? If we talked about me, I tried to trade on news. But it just so happened that I lost a lot. You are right that there are really strong slippages, so I changed a broker. But I do not risk to trade on the news anymore. How did you build your system? Do you have an adviser now?
Have you been trading on the news since the very beginning? If we talked about me, I tried to trade on news. But it just so happened that I lost a lot. You are right that there are really strong slippages, so I changed a broker. But I do not risk to trade on the news anymore. How did you build your system? Do you have an adviser now?
Think thrice before opening an order
Biedrs kopš
88 ieraksti
Mar 29, 2023 at 12:59
Biedrs kopš
88 ieraksti
Hi @Rococo_XVII Yes always news. The system I use was entirely developed around the fact that news releases are a measurable event with known timing and historical data to work off.
it's a failure model....so over the years there's had to be some emergencies in order to be able to build in resilience against what was previously unknown. the outcome is a LOT (excuse the pun) of built in risk management. Keeps drawdown very low and RR high.
brokers are an ongoing issue which takes a lot of time and effort. they're not there to pay out as you no doubt realise.
it's a failure model....so over the years there's had to be some emergencies in order to be able to build in resilience against what was previously unknown. the outcome is a LOT (excuse the pun) of built in risk management. Keeps drawdown very low and RR high.
brokers are an ongoing issue which takes a lot of time and effort. they're not there to pay out as you no doubt realise.
Biedrs kopš
2 ieraksti
Apr 04, 2023 at 07:12
Biedrs kopš
2 ieraksti
See the screen shot attached, and trade opposite what is sentiment showing you will earn alot, dont need any indicator or any EA, see your self then tell me
Biedrs kopš
229 ieraksti
Apr 06, 2023 at 20:24
Biedrs kopš
229 ieraksti
@B1FXprof How did you find a broker? Or do you keep changing them?
Think thrice before opening an order
Biedrs kopš
229 ieraksti
Apr 06, 2023 at 20:25
Biedrs kopš
229 ieraksti
Seems like you advertise your account mr. @SD2RS
Think thrice before opening an order
Biedrs kopš
244 ieraksti
Apr 10, 2023 at 13:52
Biedrs kopš
244 ieraksti
Oh it seems like you have not yet built the system that can bring you money. Rebuild your risk management. And money management.
Biedrs kopš
88 ieraksti
Apr 10, 2023 at 14:24
Biedrs kopš
88 ieraksti
@Rococo_XVII I change regularly, generally once I can see accounts have been flagged. I have access to current performance data on hundreds of brokers with multiple accounts at each. MT4/MT5 and cTrader (fix API)
Biedrs kopš
229 ieraksti
Apr 13, 2023 at 20:23
Biedrs kopš
229 ieraksti
@WhiteWitcher Hello. What is your trading system? How much can you earn now?
Think thrice before opening an order
Biedrs kopš
229 ieraksti
Apr 13, 2023 at 20:34
Biedrs kopš
229 ieraksti
@B1FXprof Have you thought about changing the system and trading without getting flagged?
Think thrice before opening an order
Biedrs kopš
1 ieraksti
Apr 13, 2023 at 22:59
Biedrs kopš
1 ieraksti
Hello all I am an expert ,do i even belong here?
Biedrs kopš
88 ieraksti
Apr 14, 2023 at 15:18
Biedrs kopš
88 ieraksti
@Rococo_XVII yes. if i changed it to being less successful that would do it
Biedrs kopš
244 ieraksti
Apr 17, 2023 at 19:43
Biedrs kopš
244 ieraksti
Oh my strategy based on technical analysis with Japanese candles and MA indicators. I have medium-term trading on the most popular currency pairs. On average, my profitability per month is 4%.
Biedrs kopš
88 ieraksti
Biedrs kopš
229 ieraksti
Apr 20, 2023 at 19:28
Biedrs kopš
229 ieraksti
Hi @BrzovicDario What are you an expert in? Can you tell me more please?
Think thrice before opening an order
Biedrs kopš
229 ieraksti
Apr 20, 2023 at 19:29
Biedrs kopš
229 ieraksti
@B1FXprof Do you mean in case your system crashes?
Think thrice before opening an order
Biedrs kopš
229 ieraksti
Apr 20, 2023 at 19:31
Biedrs kopš
229 ieraksti
WhiteWitcher posted:
Oh my strategy based on technical analysis with Japanese candles and MA indicators. I have medium-term trading on the most popular currency pairs. On average, my profitability per month is 4%.
Wow. Good income. What about drawdown? I would also be interested to hear about this.
Think thrice before opening an order
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