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Who needs help?

  • #41
  • May 11, 2021 6:21am May 11, 2021 6:21am
Quoting kofix11
{quote} Do you trade by an EA or does an EA support your trading?
Yes I use EAs, it helps free up a significant amount of time, however it is not a requirement to successful trading
  • #42
  • May 11, 2021 6:24am May 11, 2021 6:24am
Quoting Rahmandorai
This is kind of practical threads Thanks for created. I have many question , recently i have a problem with how can i know the angle of the trend ? I used angle tool but it is not a perfect one ,if you change timeframe or zoom out &in the angle will change.
You need to lock in the chart ratio, Tradingview is great for this however I am PERSONALLY not a fan of such strategies although I do find them very fascinating, especially when you start to do research on WD Gann, a rabbit hole I won’t suggest unless you want some entertainment

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  • #43
  • May 11, 2021 8:23am May 11, 2021 8:23am
Hello everyone, I'm new here and I obviously need help, my EA's not trading, what do I can, please someone help me
  • #44
  • May 11, 2021 9:10am May 11, 2021 9:10am
All gaps are filled. Some immediately, some will take time.
My guess is during the weekend when market it closed events happen which affect the exchange rates. This change cannot be accounted for by the markets because they are closed. So, when market opens, it gaps up/down.
Another reason I can think of is interbank exchange is always open (again, a guess). So, their activities can also cause gap up/down.

Quote
how will this make me money once I get the answer
If we can think like professionals then we can profit from the knowledge because at the end of the day it is the professionals who move the market.
A trade should be based on an assumption based on facts
  • #45
  • May 11, 2021 11:49am May 11, 2021 11:49am
Why do I go on tilt and loose 70% of my account?
A trade should be based on an assumption based on facts
  • #46
  • May 12, 2021 5:15am May 12, 2021 5:15am
Quoting mikforfac
{quote} Great set of questions Use MAE/MFE From experience I have seen two types of return distributions (low win rate, high (relative) returns OR high win rate, low (relative) returns) mine was the former I feel yours is the latter which is characteristic of BE! Keep going you are very very very close! My first suggestion will help a GREAT deal Every trader has a unique system, these are one of the many natural phenomena of trading, we could all trade the same strategy and produce different results STRENGTH = DIRECTION which can be determined by...
Thank you
  • #47
  • May 12, 2021 9:30am May 12, 2021 9:30am
Quoting Llocdown
Hello everyone, I'm new here and I obviously need help, my EA's not trading, what do I can, please someone help me
You will need to post your EA or the area of you code you think is faulty
  • #48
  • May 12, 2021 9:34am May 12, 2021 9:34am
Quoting maverick2017
Why do I go on tilt and loose 70% of my account?

THAT'S TOO MUCH!!!!!!!! Decrease your lot size by a factor of 10.

You need to have rules in your strategy that only allow you to trade large lot sizes ONLY if you deserve to.

Don't worry though we've all been there and it can be hard to fight the urge to get a Lamborghini next week, especially when you FEEL that your right, but it's important to recognize when you're in this state of mind and ask yourself is this feeling deserved and if so am I allowed to act on this urge.
  • #49
  • May 12, 2021 10:11am May 12, 2021 10:11am
Quoting mikforfac
{quote} THAT'S TOO MUCH!!!!!!!! Decrease your lot size by a factor of 10. You need to have rules in your strategy that only allow you to trade large lot sizes ONLY if you deserve to. Don't worry though we've all been there and it can be hard to fight the urge to get a Lamborghini next week, especially when you FEEL that your right, but it's important to recognize when you're in this state of mind and ask yourself is this feeling deserved and if so am I allowed to act on this urge.
The problem is me on a tilt. If that does not happen then I do not loose so much.

I think that I do not completely appreciate the fact that market can do anything. So, I take big positions thinking that this trade will be profitable.
A trade should be based on an assumption based on facts
  • #50
  • May 12, 2021 12:21pm May 12, 2021 12:21pm
Quoting maverick2017
{quote} The problem is me on a tilt. If that does not happen then I do not loose so much. I think that I do not completely appreciate the fact that market can do anything. So, I take big positions thinking that this trade will be profitable.

It looks like you have found your solution to your problem, focus single-handedly on removing this habit from your trading and I'm sure you'll see better results
  • #51
  • May 13, 2021 2:32am May 13, 2021 2:32am
Quoting mikforfac
{quote} You need to lock in the chart ratio, Tradingview is great for this however I am PERSONALLY not a fan of such strategies although I do find them very fascinating, especially when you start to do research on WD Gann, a rabbit hole I won’t suggest unless you want some entertainment {image}
I am using MT4 . but thanks
I am not in an angles advanced strategies . I only use angle for the reliability of the trendline steep=less reliable
  • #52
  • May 13, 2021 3:30pm May 13, 2021 3:30pm
Quoting Rahmandorai
{quote} I am using MT4 . but thanks I am not in an angles advanced strategies . I only use angle for the reliability of the trendline steep=less reliable
Okay if that's the case then just make sure the chart ratio is consistent at all times (ie. you are not zooming in and out of the charts) as this will change the angle.

The angle is specific to your screen pixels and is not related to price, so for example if you where to get a different size monitor the angle reading would be completely different for the same trend line
  • #53
  • May 15, 2021 12:43am May 15, 2021 12:43am
hello i like your post "who needs help?"
i totally dont know how to interpret the financial calender. i only brow accounts all the time
help please
  • #54
  • May 15, 2021 4:41am May 15, 2021 4:41am
I have read that should be about 20-30 candles between the first two swings that you use to draw your trend to say this is reliable one. so i want to hear some other advises like that when i draw my trend. thanks

In the picture ,this is stochastic settings , I dont know what does slowing mean?
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  • #55
  • May 15, 2021 7:45am May 15, 2021 7:45am
Quoting Rahmandorai
I have read that should be about 20-30 candles between the first two swings that you use to draw your trend to say this is reliable one. so i want to hear some other advises like that when i draw my trend. thanks In the picture ,this is stochastic settings , I dont know what does slowing mean? {image}
I dont use the stochastic myself, however for information, the slowing setting adds smoothing to the %D using the Ma of the %D, aka the Slow Stochastic.

Smaller number is Faster, more choppy Higher number is Slower, more smoother.
It never gets easier, you just get better
  • #56
  • May 16, 2021 1:26am May 16, 2021 1:26am
Quoting Shabs19
{quote} I dont use the stochastic myself, however for information, the slowing setting adds smoothing to the %D using the Ma of the %D, aka the Slow Stochastic. Smaller number is Faster, more choppy Higher number is Slower, more smoother.

I know that the slow stochastic take the MA of regular "fast" %K and use it as %k. but here this is mt4 it does not show if it fast or slow stochastic, so i am confused about this "slowing" setting. So what do you say is this "setting adds smoothing to %D using MA of %D " %D itself is MA . I dont understand .
  • #57
  • Edited 2:31pm May 16, 2021 2:15pm | Edited 2:31pm
Quoting Rahmandorai
{quote} I know that the slow stochastic take the MA of regular "fast" %K and use it as %k. but here this is mt4 it does not show if it fast or slow stochastic, so i am confused about this "slowing" setting. So what do you say is this "setting adds smoothing to %D using MA of %D " %D itself is MA . I dont understand .
The slowing setting smooths the value of %K by adding an Ma to the %K
The signal line %D, as in macd is a moving average of the %K

Only way is to test out different settings to understand what each setting does.
Try setting the stochastics at %K =14, %D =1 then change only the slowing up & down
You should see that the %K & %D becomes a single line, and the single line becomes smoother or choppier by changing the slowing setting.
It never gets easier, you just get better
  • #58
  • May 17, 2021 4:08am May 17, 2021 4:08am
Quoting maverick2017
Why do I go on tilt and loose 70% of my account?
Maybe add some sort of shirt protection, where you set a max loss limit per day/week where when you hit that limit you stop trading.

It can be hard to stop trading when you hit your limit, but try to remember that there will always be good days and bad days, don't let a bad day cause any irreparable damage to your trading.
  • #59
  • Edited 6:52am May 17, 2021 6:39am | Edited 6:52am
Quoting maverick2017
I need help with exiting trades. Most of the times my trades are in profit but I don't exit. If I start doing this then my winning rate will be more than 60%. PLEASE HELP!!
Just a suggestion about exiting your trades.

You seem like you're a scalper, something you may want to look into is trailing stops. Basically wait until your position is in profit, once its in profit wait for 2 consecutive bars to go against and place your stop loss just beyond the 2 bars that went against you. EX: if youre long and in profit, place your stop loss just under the 2nd consecutive down bar.

A screenshot I pulled from your history.

Also something to keep in mind, is that if you have a 60% win rate that you need to run a RR ratio of 0.68:1 to break even. You could even just aim for a 1:1 for your TP and you would be in good shape.
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  • #60
  • May 17, 2021 8:38am May 17, 2021 8:38am
Quoting Anotan
{quote} Maybe add some sort of shirt protection, where you set a max loss limit per day/week where when you hit that limit you stop trading. It can be hard to stop trading when you hit your limit, but try to remember that there will always be good days and bad days, don't let a bad day cause any irreparable damage to your trading.
Hi Anotan,
Thank you very much for taking the time to help

I do this. Max. no. of trades per day is set to 4 and stop loss is also set between 4-6 points.
But my biggest losses have come when I'm over trading. My thought process when this happens is I need to recover my losses and I put too much importance on one trade. Even when this trade is in profit I don't get out because all losses should be recovered from this one trade. When I look back at the day then I think that should have exited the trade when it was in profit, atleast some of losses would have been recovered. But when I trade live, this thought doesn't hold too much weight and then I don't exit. It is the all or nothing mentality I think. There is something wrong. Why can't I be that flexible?!
A trade should be based on an assumption based on facts
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