Let me share a thought...
I turned profitable (consistently) when it hit me that every trade need not be profitable and that it is fine if some days are loss makers.
Trading methods? Hardly matters really, but I am a breakout fanatic...
8:00am-8:30 am EST breakout... Yesterday's high/low breakout, Big Dog break out - (http://www.forexfactory.com/showthread.php?t=103682) and so on.
My tp/sl in every trade is now 20/20 (That mystical number again!) On 10 or 12 charts this is extremely satisfying to work with. You're limited only by the real estate available on your monitor and the processing power at your disposal.
EDIT: An indispensable tool I can't do without is trailingstop ea which can set TSL at any number you want, even 5 pips.
I turned profitable (consistently) when it hit me that every trade need not be profitable and that it is fine if some days are loss makers.
Trading methods? Hardly matters really, but I am a breakout fanatic...
8:00am-8:30 am EST breakout... Yesterday's high/low breakout, Big Dog break out - (http://www.forexfactory.com/showthread.php?t=103682) and so on.
My tp/sl in every trade is now 20/20 (That mystical number again!) On 10 or 12 charts this is extremely satisfying to work with. You're limited only by the real estate available on your monitor and the processing power at your disposal.
EDIT: An indispensable tool I can't do without is trailingstop ea which can set TSL at any number you want, even 5 pips.
Attached File(s)
TrailingStopEA.ex4
8 KB
|
303 downloads