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I have a question. I'm a newbie

  • #21
  • Jan 6, 2021 2:39am Jan 6, 2021 2:39am
sometimes i have sen any kind of analysis not works , because there is nothing 100% in Forex trading and no one can predict the real faction of this market with certainly.
  • #22
  • Jan 6, 2021 4:17am Jan 6, 2021 4:17am
it's very common attitude , because the market moves at random most of the time , so our money management even not works at that time , but it occurs not regularly.
  • #23
  • Jan 18, 2021 8:47am Jan 18, 2021 8:47am
I have been studying forex for about 10 years now and There is still so much I don't know. I have a personal trade strategy that seems pretty legitimate. I have back tested it manually and it seems to do well. I want to automate it so I can run it through a strategy tester but I dont know coding. I am afraid to pay someone to code my strategy because I will lose all rights to my strategy, I think. I don't know any other traders so I am asking for everyone's opinions.
  • #24
  • Jan 18, 2021 12:42pm Jan 18, 2021 12:42pm
The forex market is the most profitable online business. Many people earn a lot of money from this market every day with their knowledge and experience.
  • #25
  • Jan 19, 2021 12:37am Jan 19, 2021 12:37am
I trade using candlestick formations very similar to the common fractals strategy and I only trade weekly charts. I enter all trades using stop orders. I use 14 period ATR to decide stoploss and take profit levels. I scale out of all trades. I would greatly appreciate it if I could get some information here from knowledgeable traders. I would love to share the details of my strategy and get some feedback. I guess it doesnt matter if people know my strategy so long as I can get help automating it.
  • #26
  • Jan 19, 2021 6:36pm Jan 19, 2021 6:36pm
This thread is a ghost town...
  • #27
  • Jan 20, 2021 1:23am Jan 20, 2021 1:23am
Moving Averages are one of the most basic way to do you trading. It is good for newbie.
  • #28
  • Jan 20, 2021 9:30am Jan 20, 2021 9:30am
I agree. One of the first indicators I learned how to use was MA. It was easy to understand and quite practical.
  • #29
  • Jan 20, 2021 10:26am Jan 20, 2021 10:26am
newbies are doing better now than they used to be. because, the information is so much now. Besides, forex brokers are equally important
  • #30
  • Jan 20, 2021 10:55am Jan 20, 2021 10:55am
In earlier times me in trading I use this MA 24 and 120 in 1 hour time frame (it means 24 hours, and multiply 5 we get 120). But now I use 100, 200 MA and its really works for me
Become ambassador of happiness, Follow with your own risk
  • #31
  • Jan 20, 2021 11:39am Jan 20, 2021 11:39am
Quoting WillGagnon
The forex market is the most profitable online business. Many people earn a lot of money from this market every day with their knowledge and experience.
True. In forex trading there are many opportunities to make money. But few traders are making money from trading.
  • #32
  • Jan 20, 2021 5:56pm Jan 20, 2021 5:56pm
Quoting J01000100
I have been studying forex for about 10 years now and There is still so much I don't know. I have a personal trade strategy that seems pretty legitimate. I have back tested it manually and it seems to do well. I want to automate it so I can run it through a strategy tester but I dont know coding. I am afraid to pay someone to code my strategy because I will lose all rights to my strategy, I think. I don't know any other traders so I am asking for everyone's opinions.
Does anyone know how to automate a trade strategy?
  • #33
  • Jan 23, 2021 10:11am Jan 23, 2021 10:11am
You need either an existing EA or to make one from scratch which is not at all easy.
  • #34
  • Jan 28, 2021 1:13pm Jan 28, 2021 1:13pm
Forex market is the place where you can earn a huge amount of money with your knowledge and experience.
  • #35
  • Jan 29, 2021 2:46pm Jan 29, 2021 2:46pm
Quoting J01000100
{quote} Does anyone know how to automate a trade strategy?
I can automate trading strategy as I know programming.
I'll do it for free but keep in mind the drawbacks:

an EA will run as long as you keep your PC open
if you can't do that, you'll have to pay a virtual private server to keep it open for you

extra drawback:
EAs lag a lot compared to live trading and get worse results normally

Good side:
I can backtest your strategy from 2012 until 2021 and let you know how it does by taking all opportunities
  • #36
  • Feb 24, 2021 5:32am Feb 24, 2021 5:32am
Quoting SamGoi
Forex trading has a lot of analysis but I think the best analysis is the context in the market. If you can understand the sentiment of the market, you can easily make a profit.
I agree with you, the Forex market keeps changing, it is very necessary to adapt with the market conditions and build the strategies accordingly.
One should also keep patience while analysing the market rather than getting nervous and making an unfavourable move.
  • #37
  • Feb 24, 2021 5:40pm Feb 24, 2021 5:40pm
Quoting budda
I've been paper trading...
What I've been using may not be useful to you but I will share it with you nevertheless.

SMA(7) at D1, H1, and M5.
SMA(200) at H1
BB(7 or 14 or 21, dev. 1)
  • #38
  • Last Post: Mar 1, 2021 6:32am Mar 1, 2021 6:32am
Rule of thumb, lower TF require shorter MA
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