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Forum elementary

  • #1
  • First Post: May 30, 2021 12:00am May 30, 2021 12:00am
Is the factory still alive? Have you learned anything? Since signing up 13 years or so ago, one thing I learned is that you don't have to to be positioned in the market everyday to be successful. What about you, what's one thing you have learned?
It's me...
  • #2
  • May 30, 2021 7:12am May 30, 2021 7:12am
Learned about the misinformation that surrounds to the concepts like "Tight stoploss" "Play it like a casino" "Keep your R:R above 1".
NaviHH
NaviManual All Time Return: 193.1%
  • #3
  • May 30, 2021 9:45am May 30, 2021 9:45am
I have learnt a few things:

 

  1. Always trade with a clean chart, indicators are useless and will damage your trading.
  2. Try to trade the way suits you, don't try to copycat others.
  3. If you can't trade the higher TF, you won't be able to do it on a 15m chart.

  • #4
  • May 30, 2021 10:41pm May 30, 2021 10:41pm
Quoting NaviHH
Learned about the misinformation that surrounds to the concepts like "Tight stoploss" "Play it like a casino" "Keep your R:R above 1".
Wait you mean to say there is misinformation on these threads?
It's me...
  • #5
  • May 31, 2021 6:50am May 31, 2021 6:50am
Quoting AgentFx
{quote} Wait you mean to say there is misinformation on these threads?
Dont know if its irony


What I mean, not only in forexfactory, in the whole internet.
They teach us that we have to think like they want us to.

-Just get rid of the useless information they have gave you, and here comes the question of "What is useless?", to anwser it, go live trading with a very small account and try different approaches (hedge-trading, grid trading, even martingale, carry trading, spread betting, vanilla options..., go further and do a research by yourself)

-Research how a broker works, in forexfactory we have a lot of users, some have worked in Banking and know how they operate, just look for those users and read everything they say.

-Go make an EA, not to automate your strategy, creating an EA will teach you(if you are smart enough) how you have to think in order to be profitable.

Maybe for someone what I say makes no sense.

Cheer, AgentFx

PD:English is not my main language.
NaviHH
NaviManual All Time Return: 193.1%
  • #6
  • Jun 1, 2021 11:43pm Jun 1, 2021 11:43pm
Quoting NaviHH
{quote} Dont know if its irony What I mean, not only in forexfactory, in the whole internet. They teach us that we have to think like they want us to. -Just get rid of the useless information they have gave you, and here comes the question of "What is useless?", to anwser it, go live trading with a very small account and try different approaches (hedge-trading, grid trading, even martingale, carry trading, spread betting, vanilla options..., go further and do a research by yourself) -Research how a broker works, in forexfactory we...
"forexfactory we have a lot of users, some have worked in Banking and know how they operate, just look for those users and read everything they say"

I would be careful with these guys they might be on the opposite side of your trades !!! Yikes

"Maybe for someone what I say makes no sense."

It makes perfect sense.

"Go make an EA"

The problem with EA is they are only as good as a traders strategy. If the strategy starts to fail all it knows is to continue, that might be bad for your equity curve lol. I have worked with some amazing developers, and have found the best Ea are the ones that learn and adapt. Those are prone to fail over the long run also, even if they look good on back testing. But this conversation is probably better discussed in another thread.
It's me...
  • #7
  • Jun 1, 2021 11:57pm Jun 1, 2021 11:57pm
Good thread
  • #8
  • Last Post: Jun 6, 2021 3:22am Jun 6, 2021 3:22am
Quoting AgentFx
{quote} "forexfactory we have a lot of users, some have worked in Banking and know how they operate, just look for those users and read everything they say" I would be careful with these guys they might be on the opposite side of your trades !!! Yikes "Maybe for someone what I say makes no sense." It makes perfect sense. "Go make an EA" The problem with EA is they are only as good as a traders strategy. If the strategy starts to fail all it knows is to continue, that might be bad for your equity curve lol. I have worked with some amazing...
I am also very interested in traders working in banks. do you know what topic they are on on forexfactory? Or what are they talking about? I want to consult and learn from these bank traders. thank you
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