Exercise for Newbs using VHands

hello newbs

here i will provide the greatest testing tool ever made
youv seen it before, vhands

please go read vhands original thread

this tool difers in many ways, iv modded it

the diference is, it trades on real account
it has ability to close all at equity level
it now has breakeven

i wont go into detail how to load it
if u dont know that, then go read other post

this thread is more about how to trade it

please please go read original thread for how to use

it has pdf n all

i will ignore questions that i think dont respect this

ok i dont know how to preserve these first post

so i cant

this thread may get very big

il try to update this first post with the most important or links as we go

most important is money management

i use default, which is 1
though id wrather use 0.5


this thread is for the use of vhands wrather than the details

so lets skipp the bull

the main purpose is

to practice many hours

some ppl need hundreds, some thousands

what ever it takes to get u making real money

now for the first exersice

by default this version closes all trades if you reach a !% equity increase

you can change this, but i suggest u leave everything default
as im actually in real life trading this default

use with any system
the system does not matter

ask me n il slapp you lol

but seriously
i will make it a point to ignore any questions iv already answered

if you cant read the thread, trading isnt for you


ok first exersice

trade trade trade

do not close any trades, wrather in profit or not

your mission is to trade untill u reach 1%
at which time the ea will close all for you

do this over n over untill u are firmiliair with the ea

now for number two

intentionally open bad trades, make it so bad that u have 50% drawdown

now get out of it

do this over n over untill u learn how to recover

now your ready for the final

trade over a long period of time and show steady profit

thats it

im finished

heres 1 that i found profitable

draw fib on previouse day, if price abive 50, buy, if below sell

no shittin on that, i tested it my self, with a little knowledge u can make a system of it

Hi, how did you test it?
You mean above as position or as value of the fib?

i drew fib from high low of previouse day

and trade it in tester using vhands

if below the 50 im short, if above im long

theres more to it, takes practice
watching price action n just learning the pair
that part isnt explainable

thought id point out, i was very wasted when i posted this thread
i sure look like a ass huh lol

sorry

This I understand, but seems interesting, as with some pairs works and with others don't. But you didn't answered my question....
When you mean below/above the 0.50 fib you mean the position of the price or the value of the fib level that the price is closest?
Ex. if the price is around the value 0.618 after a previous day uptrend it will be below the 0.50 as position, but above 0.50 as the value of the fib (0.618)....
So, which is the correct approach?