Disliked{quote} Just my 2 cents. Would you be using the same amount of dollar size to trade when you go live? Even when you use the same dollar amount to trade on demo, you are bound to have issues when you go live. Would be of great advantage if you use the same contract size for demo and treat the account as if it was a live account so that it will be a smooth transition from demo to live. Hope it helps. Happy trading and all the best!Ignored
I appreciate your advice....definitely i cannot use the same size in my live...........but if the strategy works in Demo irrespective of the contract size it will work in Live...
One of the key take homes in yesterday's live stream is the identification of the Rotation Candle and the SOSs (SOS 1, SOS 2, SOS 3)........these are the major mistakes i made in yesterdays trades.....I actually took a lot of notes in yesterday's live stream.....today I've also learnt when you notice a Rotation candle is forming.........the tick counter plays a big role in timing your entry............timing the number of ticks remaining and also observing the rotation candle to see that it fulfills the characteristics.......well this is something i still need to test over time....to be sure my conclusions are right.......hence testing everything on demo before i go live...
I've been trading Forex for two years now.....just that i want to change the platform to NT and also focus more on Futures............I hope everything plays out well.
Cheers!!!!