Aby korzystać z czatu, zaloguj się.
Powrót do kontaktów

90% are loser ..why ?

DailyProfits (mohdforex)
Dec 04 2018 at 00:48
24 postów
yellowman94 posted:
togr posted:
AkbarM posted:
it frustrates me when people say that most people lose due to emotions etc. It is because they don't have a good strategy and it is near impossible to find one online. Any trader with good strategy would make money and wouldn't need to worry about emotions


These are 2 different things
1. Have a great trading plan
2. Execute such plan flawlessly

Just a few human beings can execute the plan 100% correct.
It is much easier, cheaper and more consistent to use EAs.

agreed!


Very true!

Gasley
Dec 05 2018 at 11:49
10 postów
EAs are very consistent in producing losses!!! But if you want to make profit from Forex trading you will need to trade manually. I have yet to find an EA that works longer than a couple of weeks. Most destroyed my account

vontogr (togr)
Dec 05 2018 at 12:15
4862 postów
Gasley posted:
EAs are very consistent in producing losses!!! But if you want to make profit from Forex trading you will need to trade manually. I have yet to find an EA that works longer than a couple of weeks. Most destroyed my account


That is not true.
These are 2 different things
1. Have a great trading plan
2. Execute such plan flawlessly

Just a few human beings can execute the plan 100% correct.
It is much easier, cheaper and more consistent to use EAs.

Professional4X
Dec 06 2018 at 06:47
1189 postów
Gasley posted:
EAs are very consistent in producing losses!!! But if you want to make profit from Forex trading you will need to trade manually.



The EA is only as good as the strategic capabilities that it is programmed to understand.

If the EA is designed to watch for moving average cross overs, then that is all it is going to do.
It won't know to watch for stochastic values, or candle patters, or whatever else you want to use in your strategy.

An EA just removes the emotional decisions from the situation, and trades according to whatever guidelines and rules you provide it.

If a trader is manually trading a strategy which is profitable across a wide range of market conditions, then it would be reasonable to consider that an automated system using the same strategy would also be profitable, providing of course the market conditions have remained the same.


Gasley posted:
I have yet to find an EA that works longer than a couple of weeks. Most destroyed my account


Did you create the EA yourself to accurately model and replicate your profitable strategy? Or did you just download an EA from someplace and expect it to be profitable for you?

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Denis
Kalamo
Dec 12 2018 at 07:28
108 postów
Gasley posted:
EAs are very consistent in producing losses!!! But if you want to make profit from Forex trading you will need to trade manually. I have yet to find an EA that works longer than a couple of weeks. Most destroyed my account


You must look deeper and deeper for good EAs, I have 4 good ones myself. Money management and diversification is also important with your EAs, don't put all your money on 1 system.

You can also use Martingale or Grid system to grab profits on the Forex market. These systems are made to blow up one day or another if you are greedy or if they are used with high volatility pairs. I use 1 Martingale and 1 Grid system on low volatility pairs and I the further I went was over 800% before blowing up the account. If you withdraw profits constantly it makes you a winner.

To get back to the main topic, 90% are losers because they don't have enough money involved to split their investment in at least 5 accounts.




Pacifico
Dec 12 2018 at 11:10
10 postów
I am not convinced that martingale and grid system are good. There is no way of knowing when they will fail. It is fine if you get a good patch and make 800% before they fail but equally you could have only been using it for a month before it fail and wipe out your account. Matingale is best avoided.

Professional4X
Dec 13 2018 at 07:39
1189 postów

Pacifico posted:
I am not convinced that martingale and grid system are good.



With a large enough account balance, and the smallest possible trade units or lot sizes, martingale and grid systems can be extremely profitable.

However martingale and grid systems are not the same thing. Grid systems do not always use Martingale.

Martingale is generally used to calculate the size increment level of the next trade that you are going to open.

Martingale doesn't have a specific entry and exit point.

Your entry and exit points would be determined by your trading strategy.
Martingale determines the size of the trade.



Pacifico posted:
There is no way of knowing when they will fail.


In general it should be noted that all trading strategies will incur losses at some point.



Pacifico posted:
 It is fine if you get a good patch and make 800% before they fail but equally you could have only been using it for a month before it fail and wipe out your account. Martingale is best avoided.



Again, the same could be said about all trading strategies and the discipline level of the trader.
Emotions in trading will typically be a greater threat to the investment capital than a martingale system would.

Martingale is a calculation method used to determine the lot size of the trade.
Your entry and exit points are determined by your strategy.

If a trader is using a high risk strategy with a small account balance, then there is a far greater risk of blowing the account.

If a trader is using a low risk strategy, trades very carefully using very small trade sizes, and has a large account balance, then there is less of a risk of blowing the account.

There are many things that have to be considered.






If it looks too good to be true, it's probably a scam! Let the buyer beware.
PinguPeter
Dec 13 2018 at 11:17
11 postów
Very interesting points about martingale. I also thought that it was a high risk junk strategy but now I understand that it is more about determining lot sizing. Very interesting food for thought. I may adapt some of my risk parameters based on this

Rohit (Rohitfx)
Dec 14 2018 at 08:54
23 postów
Martingale is a cost-averaging strategy.

It does this by “doubling exposure” on losing trades. This results in lowering of your average entry price.

The idea is that you just go on doubling your trade size until eventually fate throws you up one single winning trade. At that point, due to the doubling effect, you can exit with a profit.

Martingale is a cost-averaging strategy. It does this by “doubling exposure” on losing trades. This results in lowering of your average entry price. The idea is that you just go on doubling your trade size until eventually fate throws you up one single winning trade. At that point, due to the doubling effect, you can exit with a profit.

Martingale can survive trends but only where there’s sufficient pullback. This is why you have to watch out for break-outs of significant new trends – watch out especially around key support/resistance levels.

Trading pairs that have strong trending behavior like Yen crosses or commodity currencies can be very risky.

The best way to find yourself is to loose yourself in d services of others genuinely.
Mohammadi
Dec 14 2018 at 10:12
886 postów
Forex trading business is much better option than any other profession! Forex trading business is also available for the part time Forex trader, since market is open for 24 hours! BY the way, Forex business is not appropriate for the greedy people who want to make quick success here!

Zaloguj się aby skomentować .