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3 steps to turn around your trading in no time

  • #141
  • Jul 16, 2018 7:24am Jul 16, 2018 7:24am
Quoting petemech
Hi JM Thx for clearing that up for me understand it -but for 1 x thing How does Ea put your settings on a trade -automatically OR do you still have to click New Order button at top of MT4 ? SO IT is not a true EA -but an indicator- because it does not "ADVISE" anything ! Am i correct in thinking that ? Regards Peter
it is an adviser but does not advice just puts sl and tp for you. so some times in fast moving market you will tip tp without getting into hassel of manual work.
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  • #142
  • Jul 16, 2018 10:33am Jul 16, 2018 10:33am
do you still have to click New Order button at top of MT4 ?

Regards Peter
  • #143
  • Jul 16, 2018 10:40am Jul 16, 2018 10:40am
Quoting petemech
do you still have to click New Order button at top of MT4 ? Regards Peter
yes but once you click tp and sl will be automatically set.


how was your day? more 100 pounds added today?
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  • #144
  • Jul 16, 2018 10:57am Jul 16, 2018 10:57am
Quoting JmFinancials
Speaking from 10 years of experience in market. you can turn around your trading in simple 3 steps, try it on demo and thank me later. 1) you need ample amount of money in your account. there is no way to make living out of forex from 100 dollar account. 2) you need to remove your stop loss 3) zoom out on daily chart completely and see the picture crystal clear. thats it. Hope it helps some people who are working hard to make living out of forex market. FRUSTRATED TROLLS WILL NOT BE GIVEN ANY NOTICE BEFORE IGNORE BUTTON IS PRESSED, SO KEEP YOUR...

First one is ok but not impossible with proper discipline coz I have set an example for the same.

Second one is utter nonsense thing to do. Without proper SL in your trade it might gonna blow up the account when there is enormous volatility.

Third one every trader must analyse technicals in all time frames before entering the trades.

Its all about money management skill, proper discipline and mainly should learn must not to do things while trading.

Try these you can surely succeed.

Thanks
Nandi
  • #145
  • Jul 16, 2018 11:31am Jul 16, 2018 11:31am
Hi JM,
thx for reply
no unfortunately not traded since ( think i am a bit scared now LOL
but will start again to- morrow

regards

Peter
  • #146
  • Jul 16, 2018 11:33am Jul 16, 2018 11:33am
Quoting petemech
Hi JM, thx for reply no unfortunately not traded since ( think i am a bit scared now LOL but will start again to- morrow regards Peter
lower your lots you wont be scared.
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  • #147
  • Jul 16, 2018 11:43am Jul 16, 2018 11:43am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-07-16_221233.jpg Size: 63 KB
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  • #148
  • Jul 16, 2018 1:11pm Jul 16, 2018 1:11pm
Hi JM, can I please know how do you determin the trend to either go long or short? Thanks
  • #149
  • Jul 16, 2018 1:26pm Jul 16, 2018 1:26pm
Quoting emicovi
Hi JM, can I please know how do you determin the trend to either go long or short? Thanks
Trend is neither friend nor enemy, use strong support and resistance to get your entries and also general concise about the currency weakness or strongness can help taking trades. I try to take trades on strong reversal points of daily/weekly or monthly charts.

zoom out completely on daily charts to know whats exactly going on.
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  • #150
  • Jul 16, 2018 1:57pm Jul 16, 2018 1:57pm
please check this EA and someone tell me what numbers I enter in Tp,Sl and TS if I need 10 pips to 20 pips of profit?

thanking you,
Attached File(s)
File Type: mq4 HIDDEN TP, TS&SL_EA_FinalVersion.mq4   10 KB | 251 downloads
File Type: ex4 HIDDEN TP, TS&SL_EA_FinalVersion.ex4   13 KB | 208 downloads
  • #151
  • Jul 17, 2018 1:59am Jul 17, 2018 1:59am
Good morning to all
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  • #152
  • Jul 17, 2018 2:57am Jul 17, 2018 2:57am
Quoting T4Trade
please check this EA and someone tell me what numbers I enter in Tp,Sl and TS if I need 10 pips to 20 pips of profit? thanking you, {file} {file}
Okay, let me check! I’m going to update you very soon!
  • #153
  • Jul 17, 2018 3:10am Jul 17, 2018 3:10am
Quoting JmFinancials
{image}
How many have you sold so far?

Hehe
  • #154
  • Jul 17, 2018 3:21am Jul 17, 2018 3:21am
Quoting genghistar
{quote} How many have you sold so far? Hehe
sold what? diamonds?
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  • #155
  • Jul 17, 2018 3:56am Jul 17, 2018 3:56am
Quoting JmFinancials
{quote} sold what? diamonds?
Do you open new trades when you have 1 or more running trades in the negative?
  • #156
  • Jul 17, 2018 3:57am Jul 17, 2018 3:57am
Quoting Anusragger
{quote} Do you open new trades when you have 1 or more running trades in the negative?
depending on what lot size I am trading....If I am very confident I take one trade if not I break down in few.
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  • #157
  • Jul 17, 2018 4:10am Jul 17, 2018 4:10am
Quoting JmFinancials
{quote} depending on what lot size I am trading....If I am very confident I take one trade if not I break down in few.
What I meant was: if you have a couple of trades that are in loss for a couple of days, then do you still keep opening new positions? In the order direction maybe? Or other pairs?
  • #158
  • Jul 17, 2018 4:18am Jul 17, 2018 4:18am
Quoting Anusragger
{quote} What I meant was: if you have a couple of trades that are in loss for a couple of days, then do you still keep opening new positions? In the order direction maybe? Or other pairs?
thats the point my friend we should concentrate on entries so it comes out fast. but if it doesnt than we can either break the lot size or wait till it gets out.
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  • #159
  • Jul 17, 2018 4:19am Jul 17, 2018 4:19am
you can take different trades as well as long as your account balance permits you. there is no rule for 1 trade only.
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  • #160
  • Jul 17, 2018 11:35am Jul 17, 2018 11:35am
What about risk management and trading psychology? Did you read the book The Millionaire Traders? Here you will find interview of some millionaire traders. Many of them use stop loss. Even one of them started with only 1000$. Everything is relative in trading. What works for you may not work
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