Trading Strategies for Minimal Risk and Incremental Profits

Welcome on board! I'll be engaging in trading using a price action strategy, with a primary focus on observing changes in Heiken Ashi candle colors. During trending markets, I'll be closely monitoring 15-minute, 1-hour, and 4-hour charts. In the case of ranging markets, I'll shift my focus to 5-minute and 15-minute charts. Feel free to join me on this exciting journey towards success in the unpredictable world of trading!
Additionally, during news events, I will predominantly follow the 5-minute chart to mitigate risks. I've set my leverage at 1:1, so there's no need to worry about account wipeouts. Since I'll mainly be trading the Eur/Usd pair, sometimes some other major currency pairs, the maximum daily change is capped at 2%, ensuring that losses within a day won't exceed that limit. Given that excessive leverage often leads to account wipeouts, I consider controlling leverage as a key factor for success in trading.

Due to a sudden price drop in the Asian session, the chart indicates that the market is still within a range. Consequently, I plan to initiate a buy position with a conservative risk of 15 pips. If, during the UK session, the price remains stagnant or continues to decline, I will reassess my strategy and consider switching to a selling position.

Best quotes to read before jumping to start trading:

 

1. "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder
2. "In trading and investing, it's not about how much you make, but rather how much you don't lose." - Bernard Baruch
3. "The market is a device for transferring money from the impatient to the patient." - Warren Buffett
4. "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." - George Soros
5. "The market is a constantly changing puzzle, and you are the detective trying to solve it." - Jaymin Shah
6. "Risk comes from not knowing what you're doing." - Warren Buffett
7. "The stock market is filled with individuals who know the price of everything, but the value of nothing." - Philip Fisher
8. "The goal is not to be perfect by the end, but to be better today." - James Clear
9. "The market is a device for transferring money from the inattentive to the attentive." - Nathaniel Popper
10. "It's not the markets that need to change; it's the trader that needs to change." - Joe Ross

I initiated this discussion because, like many of you, I've endured significant losses, resulting in countless sleepless nights marked by the echoing thud of my own heartbeat. The relentless cycle often seems to persist until our trading accounts are entirely wiped out.
Over the years, I've closely followed numerous threads, each presenting seemingly intricate strategies. However, some advocate waiting for signals, which proves challenging as prices often shift before signals can be acted upon.
Achieving consistent profits demands a reduction in leverage to the lowest feasible levels.
Many threads delve into multiple currency pairs, a practice I've come to find convoluted. Personally, I've grown to believe it's futile, considering that minor pairs typically only exhibit significant movements when major pairs are in motion. Consequently, I've chosen to concentrate my efforts primarily on major pairs, particularly favoring the EUR/USD, occasionally venturing into other major pairs for trading.
chart of major and minor pair, minor pairs only move if major pair is moving, so why not focus on major pair only. I will be mostly trading Eur/Usd only, sometimes other major pair.

I shared a screenshot illustrating profits over 1000 working days, equivalent to approximately 5 years. This impressive outcome was achieved with a modest initial deposit of just $10, relying on a consistent 1% daily profit. Even when factoring in a mix of both challenging and prosperous days, the resulting account growth is beyond imagination.

Here is the indicator for Heiken ashi alert which I will be mostly using.

Observably, there is a noticeable escalation in randomness within minor currency pairs compared to major pairs. This heightened randomness significantly elevates the risk of stop-loss (SL) hits. Consequently, it is strongly advisable to focus exclusively on major currency pairs to mitigate this increased volatility and enhance the overall stability of trading strategies.
As Benjamin Graham wisely stated, "The essence of investment management is the management of risks, not the management of returns." In aligning with this principle, concentrating on major pairs provides a more structured and risk-aware approach, minimizing the unpredictability associated with minor pairs.
Warren Buffett's perspective further underscores this point: "Risk comes from not knowing what you're doing." By narrowing the focus to major pairs, traders can better understand and manage the inherent risks, fostering a more informed and strategic trading approach.
In summary, emphasizing major currency pairs not only aligns with a risk-conscious trading philosophy but also reduces exposure to the heightened randomness prevalent in minor pairs, ultimately contributing to a more resilient and sustainable trading strategy.

A shift in the direction of Heikin Ashi (HA) on the M5 and M15 timeframes has occurred. It is essential to monitor whether the direction on the H1 and H4 timeframes will also undergo a change. In the absence of such a shift, preparations should be made for a potential selling opportunity at a higher price.

Ideal buying opportunity, targeting take profit at approximately 1.10 and setting stop loss around 1.09.

Trading is dangerous at the beginning, if u put hard work to learn the process, it's easy and profitable...

That's right. The main problem is over confidence and risking everything for just one trade.

I experienced a loss in my recent trade, but given that the loss is below 5%, I am considering re-entering the market. It's crucial not to rely too heavily on one trade and maintain a balanced approach. I will refrain from entering a new trade today if this 1.0773 level also couldn't be held.

Maintaining equilibrium between sellers and buyers is crucial. A shift in the balance occurs when sellers exit their positions, leading to an increase in buyers. This moment of transition can potentially alter the overall market trend.


When the price surpasses the level of 1.0976, which had been a stable support for over a week following the NFP news, it suggests that a substantial number of sellers have likely exited their positions. This could explain the sudden surge in price.

The crucial factor is to limit the risk to no more than 2% in a single trade, as the future outcome is always uncertain.

As news came out from US (negative) and Canada (positive), I am selling USD/CAD pair.

Confidence in trading is attainable when risks are effectively managed; otherwise, it becomes an inescapable ordeal.

In trading, winning doesn't require always being correct; however, minimizing risk increases the probability of success.

Today Heiken ashi M5 signal is so clean in all major pair.

Greetings traders,

Introducing "240318-Optimistic-101" Expert Advisor:

I'm excited to present to you the "240318-Optimistic-101" Expert Advisor, a cutting-edge MT5 robot designed to maximize profitability in your trading endeavors. Your feedback and suggestions are invaluable as we strive to enhance its performance further.

In the comment section, you'll find detailed insights into its functionality:

"Signals" are generated through the crossover of Moving Averages (MAs), where one MA with a predefined period (currently set to 100) crosses another with a distinct period, considering shifts of 0 and 2 for each respectively.
"Buy profit" represents the cumulative profit from all open buy positions, while "Sell profit" reflects the total profit from open sell positions. "Buy count" indicates the number of active buy positions, and "Sell count" reveals the count of active sell positions.
"Buy Next Price" and "Sell Next Price" signify the prices at which the subsequent buy and sell positions will open, respectively, determined by the chosen grid size.
Trading activity adheres to specified start and stop times. For example, trading occurs between 9:00 and 16:00, allowing for strategic positioning within this timeframe.
The "SpreadFilter" function safeguards against excessive spread values, especially during critical trading periods.
Time synchronization with MT5 time streamlines trading operations, eliminating the need for manual adjustments, such as those for GMT or local time zones.

You have the flexibility to tailor the following input values:

"TimetoClose" governs the trade closure time, typically set to 48 hours.
"Start Trading Time" is set to 9:00, and "Stop Trading Time" to 16:00 for optimal trading sessions.
"FridayCloseTime" determines the weekend closing time for all trades.
"buyOrder" and "sellOrder" configurations enable selective opening of buy or sell positions.
"Lot" represents the initial lot size, progressively increasing with subsequent positions.
"Grid" value, currently set to 100 (representing 10 pips), can be adjusted to suit your trading preferences.
"TP" and "SL" values are set to 100 (10 pips) and 5000 (500 pips) respectively.
"ClosingProfit" and "AllClosingProfit" thresholds determine the closure of positions based on profit targets.
"MA period" defines the Moving Average period, adjustable to suit your strategy.
"maxspread" limits the maximum allowed spread.
The magic number allows for the simultaneous use of the Expert Advisor on different charts.
One important thing is that, it will open maximum one buy and sell position per bar in open chart.
Embark on your trading journey with confidence using "240318-Optimistic-101" Expert Advisor, and let's navigate the markets together towards success.

I'm currently unable to provide the MQL5 file. Now, I only have the MT5 Expert Advisor available. However, if the feedback is positive, I'm open to developing a similar version for MT4.

Note: try it with demo account first, never do live trading with real money if you are not sure about realibility of EA.

Thank you.

To reduce risk, reduce leverage.

If anyone has any suggestion about this robot, then please let me know. In strategy tester, when used in OHLC condition, it gives lot of profit, but need optimization for real tick.

Right, bro. That's why I have started trading with robot. No need of being emotional while trading.