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8 Years Later - Still Not Winning

  • #721
  • Mar 13, 2021 11:42am Mar 13, 2021 11:42am
Quoting neesh24
STILL NOT WINNING.

I will give you a simple lesson . You have to loose $15 on trading , if you loose that $15 . That will be your 1st chapter complete .

condition is open a cent account with only $15 funded and fixe the lot size 0.1 no more than three running trades at a time . No SL only TP and break even . Use any system . Than let me know .
Attached File(s)
File Type: ex4 Forex Gump.ex4   53 KB | 507 downloads
File Type: ex4 Trade-Confirmed-Indicator_fix.ex4   248 KB | 525 downloads
File Type: ex4 LinRegressionBreakout_v1.1.ex4   20 KB | 474 downloads
File Type: ex4 automatic-regression-channel-v2.ex4   14 KB | 465 downloads
Neither a Bro Nor a Pro I am I
  • #722
  • Mar 14, 2021 11:52am Mar 14, 2021 11:52am
Quoting EcoTrader
{quote} R:R is a flawed assumption that doesn't materialise. Nobody can know where price will stall and reverse and any assumption is self diagnosed nonsense that leads to failure.
One can use RRR when you have a clear idea of what price is usually doing. The risk corresponds to a level at which you know price is not being hold against because your structure has been violated. Thus you put there your risk level.

The reward is because you know what is your market targeting and potentially getting expanded to.

Money management also involves taking sometimes partial profits an loses at different levels, because you never know how many of the analyzed targets are going to be taken before a reversal happens.

Another way of trading that is more complex consists on hedging techniques to reduce or just remove the risk from the table, being the worst possible result a breakeven scenario.

However, a purely RRR-based strategy is more than enough to trade successfully.
  • #723
  • Mar 14, 2021 2:53pm Mar 14, 2021 2:53pm
Quoting satish37
{quote} I will give you a simple lesson . You have to loose $15 on trading , if you loose that $15 . That will be your 1st chapter complete . condition is open a cent account with only $15 funded and fixe the lot size 0.1 no more than three running trades at a time . No SL only TP and break even . Use any system . Than let me know . {file} {file} {file} {file}
There appears to be a smart way to trade using the Trade Confirmed Indicator with another indicator called Channel Surfer. The idea is to only trade in the direction of the Daily Trend. If there is no clear trend on the Daily, then no trading is allowed on that pair. Find another pair with a clear trend. When a signal appears, mark it with a vertical line, and then drop down to the 4HR and either wait for another signal for confirmation or an obvious candle pattern that agrees with the Daily Trend bias.
Learn from your mistakes and march on.
  • #724
  • Mar 14, 2021 3:14pm Mar 14, 2021 3:14pm
Quoting here2there
{quote} There appears to be a smart way to trade using the Trade Confirmed Indicator with another indicator called Channel Surfer. The idea is to only trade in the direction of the Daily Trend. If there is no clear trend on the Daily, then no trading is allowed on that pair. Find another pair with a clear trend. When a signal appears, mark it with a vertical line, and then drop down to the 4HR and either wait for another signal for confirmation or an obvious candle...
how do u establish the trend of the day? with this channel surfer?
  • #725
  • Edited 4:30pm Mar 14, 2021 4:14pm | Edited 4:30pm
Quoting T4Trade
{quote} how do u establish the trend of the day? with this channel surfer?
The idea is if all three lines are moving up, then it is supposedly an uptrend. If they are moving down, then it is supposedly a downtrend. If they are flat, then it is supposedly ranging. I say 'supposedly' because it's not perfect. Sometimes a pair can break out from the channel and thus the channel might not be in sync with the price movement. So it is better to use the channel in combination with a 21 EMA and a 9 EMA for determining the Daily trend. I have attached an MTF MA indicator. Go into the settings and set it for 1 Day and change it to Exponential. Thus, it will show the Daily exponential moving average on every chart. That way, if you want to use the 4HR chart for trading in the direction of the Daily trend, it will make things clearer for you rather than using a typical MA.

Attached File(s)
File Type: mq4 mtf_ma.mq4   3 KB | 296 downloads
Learn from your mistakes and march on.
  • #726
  • Mar 14, 2021 5:10pm Mar 14, 2021 5:10pm
Quoting here2there
{quote} The idea is if all three lines are moving up, then it is supposedly an uptrend. If they are moving down, then it is supposedly a downtrend. If they are flat, then it is supposedly ranging. I say 'supposedly' because it's not perfect. Sometimes a pair can break out from the channel and thus the channel might not be in sync with the price movement. So it is better to use the channel in combination with a 21 EMA and a 9 EMA for determining the Daily trend. I have attached an MTF MA indicator. Go into the settings and set it for 1 Day and change...
i use TMS 5 ema and 10 ema for direction,but it is a good idea to see the channel trend lines on 1h chart.Thanks for sharing ideas my friend.I also use Double BB strategy for entry.
  • #727
  • Mar 14, 2021 6:09pm Mar 14, 2021 6:09pm
Quoting T4Trade
{quote} i use TMS 5 ema and 10 ema for direction,but it is a good idea to see the channel trend lines on 1h chart.Thanks for sharing ideas my friend.I also use Double BB strategy for entry.
What is TMS?
Learn from your mistakes and march on.
  • #728
  • Mar 15, 2021 10:00pm Mar 15, 2021 10:00pm
It also took me 12 years to start winning consistently. I thought I was just a slow learner, but I guess that's pretty common. The good news is, I'm having a great retirement. Hang in there! Most people quit just before they would be successful.
  • #729
  • Apr 4, 2021 1:12am Apr 4, 2021 1:12am
Just stop. If you can't be profitable in six months, it's not going to happen for most people. This is why 95%+ fail.
Love to talk on Discord: DividendGamer#1324
  • #730
  • Apr 4, 2021 4:03pm Apr 4, 2021 4:03pm
Quoting Varkeer
Just stop. If you can't be profitable in six months, it's not going to happen for most people. This is why 95%+ fail.
Never.
I'm actually getting ready to go live again.
  • #731
  • Apr 5, 2021 10:43am Apr 5, 2021 10:43am
I also started by completely losing my balance, and after that, I recovered and rehabilitated my self-confidence. It takes time, it's different for everyone, and it's hard. In general, the human brain is working according to one principle - to find the simplest and fastest way to solve a problem, but introspection and error solving is not the shortest, but the surest way to stability.
If there is no stability or profit, reduce the volume and look for problems, try on small volumes with minimal risk and once mistake will show itself.
  • #732
  • Apr 6, 2021 11:57pm Apr 6, 2021 11:57pm
forex is all about directions..so just focus in directions..so why focus indicators..daily candles tell you so much of the story for the next trades
  • #733
  • Last Post: Apr 10, 2021 7:45pm Apr 10, 2021 7:45pm
It is important how long it takes if you believe it to be so but time will never be on your side as no one is getting out of here alive
Learning to let go of outcomes, good or bad and mastering your trade management will improve your game.
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