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The5ers - Trading & Growth Program

  • #581
  • Nov 26, 2020 8:10am Nov 26, 2020 8:10am
Quoting Koop
{quote} haha, and i'm not even trying yet. Just take your time and figure things out before you commit. Can't be asking how and what to risk on trades and still thinking on rushing into a challenge.
Yes, I can not say I am not....

On my head it will be 2% of stoploss, which is 5 dollars.

Or devide the stoploss for 20-30 times.... Which is about 12 or 8 dollars.

I hope there is someone just think the same ....
  • #582
  • Nov 26, 2020 8:46am Nov 26, 2020 8:46am
Happy Thanksgiving to all of you! It seems to me that a public option toggle is needed in the 5%er's dashboard!

Es
  • #583
  • Nov 26, 2020 8:50am Nov 26, 2020 8:50am
My biography....You sound like my wife...but I will not give up.

Es

Quoting Techanalyst
{quote} I agree. That's what happens when people don't know how to trade when they are starting out, or they've been trading for years but still not profitable. So they start looking for Holy Grail but there isn't one. Sometimes you have to relax and admit to yourself that you are just not right for the specific career, and you need to find something else that you will be good at that job.
  • #584
  • Edited 10:05am Nov 26, 2020 8:51am | Edited 10:05am
nizent,
Yes you are correct. many small trades can get you where you want...keep them all at 1.5 max stop loss (over that is for aggressive plan users only) and remember the exposure rules of your plan.

nizent, I do not know what plan you are in but if it is the aggressive plan then you only have 40 trading days (2 months) to make this happen. In my opinion the less stressful 120 trading day plan (6 months) is far better especially for a newer trader. The drawdown rules remain the same in both plans and why anybody would want so much stress with the aggressive approach is beyond me. BUT!, I am told there are valid reasons and trading systems out there that require more aggressive measurs (most of them).

What I do is use this EA on a dummy chart in my platform: Here
This EA allows me never to forget my SL and TP..AND it allows me to drag them around on the chart after they are set. Just click on the TP line and close it if you wish. It's a very simple EA and you must have a SL & TP set in the inputs of this EA (not zero's). You can also get those fancy trade panels...but they are not needed...I do not need a toggle to wipe when I go #2.

P.S. Here is a quick calculator for stop loss: Link

ES

Quoting nizent
{quote} Yes, I can not say I am not.... On my head it will be 2% of stoploss, which is 5 dollars. Or devide the stoploss for 20-30 times.... Which is about 12 or 8 dollars. I hope there is someone just think the same ....
  • #585
  • Edited 9:54am Nov 26, 2020 8:57am | Edited 9:54am
Well...I can agree with OutThere on this one. Better to post general questions like this here also. It will help many...where a chat is personalized only to you. But Koop in another post has a deeper point to another trader in which I agree with. This should not be a trading 101 thread. So by combining the two quotes below use moderation in how you post to this thread.

Again...all we need is a toggle on our dashboard (that makes a snapshot and creates a sharable link or widget) to make public or not (The 5%er's traders dashboard). We already have a way to share the graph from the dashboard. I used the download ping option on my graph to post it here see below:
Attached Image (click to enlarge)
Click to Enlarge Name: dju8i014.png Size: 22 KB

ES

Quoting OutThere
It'd be nice to know if one can make a TE or MFB account with their 5ers account. It'd be also nice to find out the answer on this forum instead of having to join some live chat.
Quoting Koop
{quote} haha, and i'm not even trying yet. Just take your time and figure things out before you commit. Can't be asking how and what to risk on trades and still thinking on rushing into a challenge.
  • #586
  • Nov 26, 2020 9:14am Nov 26, 2020 9:14am
nizent,

Here is something else that you might like..(see attachment). Good trading to you and Thank You for your participation in this Forex Factory thread. I look forward to your posts about your progress and any questions that you may have for the thread author here. There are many readers lurking here...even guests. We are all hoping for you as it will make it seem possible for us!

ES


Quoting ElectricSavant
nizent, Yes you are correct. many small trades can get you where you want...keep them all at 1.5 max stop loss (over that is for aggressive plan users only) and remember the exposure rules of your plan. What I do is use this EA on a dummy chart in my platform: Here This EA allows me never to forget my SL and TP..AND it allows me to drag them around on the chart after they are set. Just click on the TP line and close it if you wish. It's a very simple EA and you must have a SL & TP set in...
Attached File(s)
File Type: ex4 DonForex Equity-Balance Monitor.ex4   356 KB | 333 downloads
  • #587
  • Nov 26, 2020 9:48am Nov 26, 2020 9:48am
Quoting ElectricSavant
My biography....You sound like my wife...but I will not give up. Es {quote}
I wasnt talking to you SON.

Sincerely,

Your daddy.
  • #588
  • Nov 26, 2020 9:56am Nov 26, 2020 9:56am
I know you were posting publicaly to someone else...but it caught me too...Isn't that the whole idea behind a thread like this?...to help discuss, contribute & learn within the Thread Authors topic for MANY.

ElectricChasingHisHopes&DreamsSavant

Quoting Techanalyst
{quote} I wasnt talking to you SON. Sincerely, Your daddy.
  • #589
  • Nov 26, 2020 10:42am Nov 26, 2020 10:42am
Quoting ElectricSavant
My biography....You sound like my wife...but I will not give up. Es {quote}
I must realize.
I am still newbie even already about 5 years in forex...
Just wait my skill becomes better then I will join...
Today is a day when I realize I can't trade LTF. I can't scalping...
Makes me think twice...
  • #590
  • Nov 26, 2020 10:47am Nov 26, 2020 10:47am
Good for you. No sense in wasting the participation fee until you are ready.

nizent, I cannot admit to you how many years I have been trading as it is too embarrassing. Never give up.

ES

Quoting nizent
{quote} I must realize. I am still newbie even already about 5 years in forex... Just wait my skill becomes better then I will join... Today is a day when I realize I can't trade LTF. I can't scalping... Makes me think twice...
  • #591
  • Nov 26, 2020 10:52am Nov 26, 2020 10:52am
Quoting ElectricSavant
Good for you. No sense in wasting the participation fee until you are ready. nizent, I cannot admit to you how many years I have been trading as it is too embarrassing. Never give up. ES {quote}
15++ years you joined FF at Apr 2005. Really? I am still in school.
  • #592
  • Nov 26, 2020 11:08am Nov 26, 2020 11:08am
Guys... turkey day only comes once a year.

You think about tomorrow which is Friday. And on Monday, which is the last day of the month. They won't be easy at all.
But there is nothing easy in this world. Even a simple office job has its bad days (many).

Today is a day to cut your veins, like trading, but I'm home ... I smoke ... I eat ... I read the news .... I look at the Internet .... I go to the bathroom and dress as I want.
Yes .... Trading is a really bad job.
I've seen things you people wouldn't believe
  • #593
  • Nov 26, 2020 11:56am Nov 26, 2020 11:56am
Quoting ElectricSavant
Good for you. No sense in wasting the participation fee until you are ready. nizent, I cannot admit to you how many years I have been trading as it is too embarrassing. Never give up. ES {quote}
Lol. ES, I've known you since practically day one that you started posting. I've been around a long time too under different nicks n different forums. I have probably had a few run-ins with you too. I must admit, you've calmed down quite a bit through the years. Lol.
Good trading and never give up.
  • #594
  • Edited 12:33pm Nov 26, 2020 11:57am | Edited 12:33pm
nizent,

When you are not born with the skill to trade and you are stubborn it may take a while. but I never said that you did not have the skill to trade, so do not get sad. Just keep trying ok? and for the rest of you folks too! never give up...the skilled ones need our money but your day may come!
Es

Quoting nizent
{quote} 15++ years you joined FF at Apr 2005. Really? I am still in school.
  • #595
  • Edited 2:33pm Nov 26, 2020 12:00pm | Edited 2:33pm
Thank You my friend. I wish I knew who you were but maybe not...lol...but Happy Thanksgiving to you and thanks for the nice post.

ES

P.S. The Traders that I have run-ins with sometimes become best of friends...we wash off the blood and pick ourselves up off the ground....

Quoting OutThere
{quote} Lol. ES, I've known you since practically day one that you started posting. I've been around a long time too under different nicks n different forums. I have probably had a few run-ins with you too. I must admit, you've calmed down quite a bit through the years. Lol. Good trading and never give up.
  • #596
  • Nov 26, 2020 12:07pm Nov 26, 2020 12:07pm
Quoting ElectricSavant
Thank You my friend. I wish I knew who your were but maybe not...lol...but Happy Thanksgiving to you and thanks for the nice post. ES P.S. The Traders that I have run-ins with sometimes become best of friends...we wash off the blood and pick ourselves off the ground.... {quote}
I've been on forex tsd, Elite trader, Oanda's old forum, IBFX and maybe some more. Those were the good old days when nobody knew enough to be a guru and no one had written trading rules to follow and there weren't so many available indys and EA's and certainly no funding company. Happy Thanksgiving to you too.
  • #597
  • Nov 26, 2020 12:33pm Nov 26, 2020 12:33pm
Beautiful. With calm waters, souls relax.

Since the day is practically over, tell me what you think about the "game" I have been holding since yesterday.
But first a nice fact.

Slippage has always been a trader's problem.
From the tests I am doing, it seems that the situation with The5%ers is good. Because the Broker he uses is impartial.
I found both positive and negative slippage. And anyone who has been in the game for a long time, knows what I'm talking about. Excellent rating.
I performed two distinct operations on two different pairs, within a couple of minutes. These are the results.

Attached Image

Attached Image


I back to my "game".
The skill exercise, consisted of maximizing productive use of my monitor space.
The image contains every visible millimeter of the monitor and, as you can see, there is not even the bottom bar of Windows (useless to keep it always in view).
What do you think? Is it a pleasure??

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-x-itexsys-limited.png Size: 179 KB
I've seen things you people wouldn't believe
  • #598
  • Nov 26, 2020 12:41pm Nov 26, 2020 12:41pm
Quoting Trader-IT
Beautiful. With calm waters, souls relax. Since the day is practically over, tell me what you think about the "game" I have been holding since yesterday. But first a nice fact. Slippage has always been a trader's problem. From the tests I am doing, it seems that the situation with The5%ers is good. Because the Broker he uses is impartial. I found both positive and negative slippage. And anyone who has been in the game for a long time, knows what I'm talking about. Excellent rating. I performed two distinct operations on two different pairs, within...
Very nice. I like how you split the up and down candles into different visual formats. It's very important to distinguish between the two.
As for slippage, I have done away with it by not worrying about it. Just like the spread and the swap. Those things are like flies in the ointment and you just can't get ointments without the floating flies on top. Gotta use the clean parts when you can.

PS: Since we are using 5%ers thread, I like to put in a plug for 5%ers. Since I have been looking around for funding companies, I've found 5ers to be pretty much the best in many respects so far. Very impressed with them. No one tops them in my view so far. Looking forward to sign up with 5ers soon.
  • #599
  • Nov 26, 2020 1:04pm Nov 26, 2020 1:04pm
Quoting OutThere
{quote} I've been on forex tsd, Elite trader, Oanda's old forum, IBFX and maybe some more. Those were the good old days when nobody knew enough to be a guru and no one had written trading rules to follow and there weren't so many available indys and EA's and certainly no funding company. Happy Thanksgiving to you too.
I agree. My best tools (which I have been using for many years now) were all written between 2006 and 2012. And the mql was just starting. Yet even now they have an enviable quality.
However, I also remember arguments between users in the early years, as happens today. We are human beings (maybe).

Ps:
I also agree on slippage, swaps and spreads. You cannot fight these "enemies" every day and the only wise thing is to ignore or embrace them.
But for sure, having them on our side is better.
I've seen things you people wouldn't believe
  • #600
  • Nov 27, 2020 7:27am Nov 27, 2020 7:27am
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