Super Loser EA | Forex Factory

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Super Loser EA

  • #1
  • First Post: Oct 29, 2018 3:16am Oct 29, 2018 3:16am
sorry i am too confused.
if you can not predict the market price,how do you know you will make money?
it's not about patience,if you have no strategy but only patience,i think your equity depends on your luck.
it's not about money management. in a casino,if the gamble is going to lose in probability ,money management are all going to losing money from casino.
can you just explain to me ,a loser rookie. thank you very much
  • #2
  • Oct 29, 2018 4:34am Oct 29, 2018 4:34am
Quoting chineser
sorry i am too confused. if you can not predict the market price,how do you know you will make money? it's not about patience,if you have no strategy but only patience,i think your equity depends on your luck. it's not about money management. in a casino,if the gamble is going to lose in probability ,money management are all going to losing money from casino. can you just explain to me ,a loser rookie. thank you very much

Don't worry, such confusion is quite normal, trading requires an attitudinal approach that is somewhat different from your regular day to day life.

You need to understand that trading is a probablility game. You develop a solid method with an edge and then take all trades that comply with your setup. These are good trades, all others are bad. Now, good trades can & will lose, and equally bad trades can & will win.

Point is, make just all the good trades with an edge and you will net a profit at the end. During the journey you must exercise good MM and risk control so a run of losers will not blow your account. And you need emotional stability to keep on going through good times without greed and more difficult periods without despair or revenge.
  • #3
  • Oct 29, 2018 6:14am Oct 29, 2018 6:14am
Quoting chineser
sorry i am too confused. if you can not predict the market price,how do you know you will make money? it's not about patience,if you have no strategy but only patience,i think your equity depends on your luck. it's not about money management. in a casino,if the gamble is going to lose in probability ,money management are all going to losing money from casino. can you just explain to me ,a loser rookie. thank you very much
Inserted Video
  • #4
  • Oct 29, 2018 7:12am Oct 29, 2018 7:12am
Quoting Tomcat98
{quote} https://www.youtube.com/watch?v=bRCtBRsLPmk
thank you
  • #5
  • Oct 29, 2018 10:27pm Oct 29, 2018 10:27pm
Quoting Tomcat98
{quote} https://www.youtube.com/watch?v=bRCtBRsLPmk
I really liked this video because of the statement on horizontal market (support/resistant level), that’s really true!
  • #6
  • Oct 30, 2018 4:13am Oct 30, 2018 4:13am
Quoting ZikriIrfan
{quote} I really liked this video because of the statement on horizontal market (support/resistant level), that’s really true!
me too .it tells the truth.
  • #7
  • Oct 31, 2018 7:04am Oct 31, 2018 7:04am
I think there are two type of trading: "Manual trading" and "Automated trading". If you would like to trade manual, you should learn how to make Fundamental analysis and Technical analysis, in order to know how the market works and predict the future price successfully. If you don't like manual trading and prefer the automated trading- then you have to find some profitable EA (which is not easy). When you find any EA- how you will know if it is profitable ? - You just have to test it. You have to make a "Backtest", you have to test it on demo (minimum 2-3 months), and if you notice any grow- then you could try it on live. I hope these tips were useful
  • #8
  • Nov 23, 2018 1:37am Nov 23, 2018 1:37am
My Broker provides me the usage of exellent EA for free. The value of a pip/point in each of the instruments I want to trade in along with additional useful details and settings could be reviewed by using this Expert Advisor.
  • #9
  • Nov 30, 2018 4:26am Nov 30, 2018 4:26am
Quoting chineser
sorry i am too confused. if you can not predict the market price,how do you know you will make money? it's not about patience,if you have no strategy but only patience,i think your equity depends on your luck. it's not about money management. in a casino,if the gamble is going to lose in probability ,money management are all going to losing money from casino. can you just explain to me ,a loser rookie. thank you very much
I really agree with you; 1st of all; traders need to ensure first their own trading knowledge! Then the others parameter like, money management, risk management, profit ratio etc. knowledge is the key.
  • #10
  • Dec 4, 2018 7:23pm Dec 4, 2018 7:23pm
You can make the money without predict the market. You just need a good plan and more money.
  • #11
  • Dec 9, 2018 9:49am Dec 9, 2018 9:49am
The forex world is very bit different from casino world. You can analysis the price using technical indicators and market prediction.
  • #12
  • Dec 16, 2018 2:29am Dec 16, 2018 2:29am
Quoting MeadeDevan
The forex world is very bit different from casino world. You can analysis the price using technical indicators and market prediction.
Of course, there is a huge difference! In addition, pro traders are making money here because of their trading skill, nothing else.
  • #13
  • Dec 16, 2018 2:41am Dec 16, 2018 2:41am
If you trade in Forex trading with no analysis
, there is no different between Forex and casino, just trade at random, you can get maximal result , on the other hand you can be loser within very short time
  • #14
  • Jan 31, 2019 3:55am Jan 31, 2019 3:55am
or just follow a copytrading , some of developers can assure you in profitable strategies
  • #15
  • Feb 8, 2019 4:20am Feb 8, 2019 4:20am
copy trading sometimes bring good result but not for all time,
when we tired for losing by manual ,
then it can be a part of trading , appreciate for sometimes.
  • #16
  • Feb 15, 2019 1:13am Feb 15, 2019 1:13am
Quoting JamesFaulkn
copy trading sometimes bring good result but not for all time, when we tired for losing by manual , then it can be a part of trading , appreciate for sometimes.
Yeah JamesFaulkn, you are most probably right
  • #17
  • Feb 15, 2019 9:16am Feb 15, 2019 9:16am
You need to trade with an edge. You can't do this in a casino (without any bonus/promo of course) as the odds are always against you. You're edge comes from 'knowing' something. That something may come from an indicator or pitchfork etc....you may still lose a trade when you have an edge but long term you will come out on top.

Switch the tables round and you're a casino operator. You now have an edge on every game you offer. Joe public might beat you one night and so might many others but you don't care cause long term you know you cannot lose. The maths don't lie. You need this mentality as a trader.
  • #18
  • Feb 22, 2019 10:35am Feb 22, 2019 10:35am
Myfxbook link?
  • #19
  • Feb 22, 2019 10:46am Feb 22, 2019 10:46am
Quoting mod-x
You can make the money without predict the market. You just need a good plan and more money.
for ensuring real profit how much important a good trading plan , i know . but i think in spite of having good plan there is no way to earn regular profit if you don't know how to manage money when trading practically.
  • #20
  • Feb 23, 2019 11:28am Feb 23, 2019 11:28am
For sure.
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