I see. I still think there are a large number of profitable traders who don't do such calculations, because they simply have 1 open trade at any time, or minimise their exposure in some other simple way. Whatever works for you man. I feel like the ...

Please can you describe what you mean by risk analysis? My example of '1%' was just an example. I could've said 2%, 3%. I can even get into a scaling plan which ensures my maximum annual drawdown is never more than 10% of my total account value in a ...

With respect, I disagree. I don't know how to calculate pip value, nor do I want to calculate pip value and lot size for every single currency-pair I trade, and correct it for my account being in GBP, and convert that into lot size. All I know is I ...

Agreed. As fundamental as this stuff is, why not use an automatic calculator. That'll reduce any human error as well. I never have to think about lot size, cost-per-pip, base-vs-quote currency. I just put in 1% risk and everything is calculated.

Yess that was it! My 'position size calculator' indicator that I use to enter was always trying to put itself on top. I wasn't having this problem with the USDX since I don't actually trade it so hadn't activated this indicator. Had a peak at the ...

I've never understood this either... people talking in pips per day. Your stop loss matters right? So if you make 5 pips per day, but your stop loss is 10 pips, that's probably not a very good strategy.

Turn off the PnL, or make all decisions on a separate account, and only use your main account to press buy/sell. Meditate. Become aware of your emotions and though processes. Have a rigorous system where you have to tick out your checklist EVERY ...

Talking in %'ages really bugs me, because important information is missing. Are you risking 0.1% to make 1%, great. Are you risking 5% to make 1%? Now if you're talking about making 1R every day, that's probably doable. If it's a simple system you ...

Like other have said, inside bars need to be traded with confluence of other factors. Trading every inside bar will lead to failure.

I mean, generally it's a pretty terrible idea. If it makes you money consistently (consistently being the key word), nobody can tell you you're wrong, then go for it.

Really depends on your lifestyle. The FIRE (financial independence, retire early) guys would aim for about 1M, then live off dividends and bond yields. 1M is getting much smaller nowadays though. I think the point is to create a bot or generate ...