Disliked{quote} Not confusing, Medici gave the correct and precise answer; it depends on brokers not on platformIgnored
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
Are you a trend trader or a counter-trend trader? 29 replies
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Discipline Trader and Voice Trader EA/IND 16 replies
Disliked{quote} Not confusing, Medici gave the correct and precise answer; it depends on brokers not on platformIgnored
Disliked{quote} Right thought! Than what is your entry criteria? Ok, you deal with yourself about first hour rule - "cut losers in the first hour". At the same time you know a price could hold in a flat for some time. In that situation your business will be close and open your orders again all the time while a flat. And how big drawdown you can accept? My thought determine the entry point, SL (not depending on time) and TP according to analyzeIgnored
Disliked{quote} you mean data on the weekends when there is no trading for private traders? than yes- mt4 doesn't display data in those times. Is prorealtime good?Ignored
Disliked{quote}[/b] It's the only software I've ever used, so I can't compare it with anything else I'm afraid, though I've always been happy with it. Perhaps someone else here can answer.Ignored
Disliked{quote} The best platform in the world at this moment in time is Ninja TraderIgnored
Disliked{quote} That's a debatable statement. No need to restrict people's perspective, I think. There are several worthy contenders beside NT, depending on what you are looking for. But, yes, NT is probably one of the most widely used. Which doesn't make it best.Ignored
DislikedHello traders, If I have a account balance on for an example $1000 and want to risk 2-3% per trade. How big lots should I trade with? If you know a good information site about this please let me know.Ignored
DislikedHello traders, If I have a account balance on for an example $1000 and want to risk 2-3% per trade. How big lots should I trade with? If you know a good information site about this please let me know.Ignored
Disliked{quote} A bit of simple maths is required - so 2% of 1000 = 20. So with a stop loss of 20, you can afford to trade i lot, and a stop loss of 10, you can afford to trade 2 lots. I'm assuming you've already traded a demo account successfully and you are now ready to risk money with a live account?Ignored
Disliked{quote} As an example, if your stop is 10 pips, and you're trading EUR/USD, then you want 10 pips to equal $20 (2%). Than means $2 per pip, which means a $20k trade size, i.e. 0.2 standard retail lots of $100k. In a formula: P * r / SL / 100000 standard lots, where P is your capital, r is your risk expressed fractionally (e.g. 0.02 in the example), SL your stop loss distance in pips, and 100000 corresponds to the $100k in a lot of currency bought/sold with/for USD.Ignored
DislikedHello traders, If I have a account balance on for an example $1000 and want to risk 2-3% per trade. How big lots should I trade with? If you know a good information site about this please let me know.Ignored
Disliked{quote} Thank you. This means if I open a $1000 account I need very tight SL right?Ignored
DislikedHello traders, If I have a account balance on for an example $1000 and want to risk 2-3% per trade. How big lots should I trade with? If you know a good information site about this please let me know.Ignored
DislikedAttached is an hourly chart, which I hope will give some idea of how I read where the main S&R levels are likely to be, and how I read where the main momentum lies and when we are due for a directional change. I've numbered the key areas, so I'll go through them one by one. 1/ Both the 100sma (dark blue dotted ) and the 200ema ( thick purple ) are above the price, which tells me that the overall momentum is down. The strong rally up to the 100sma I won't deal with as it is a counter-trend move, but certainly this is something that can and should...Ignored
Disliked{quote} Nicely done cat ! Concentrate attention to trade at 3b which carries the lowest risk with low swing point 2 as sl and high swing point 1 as immediate tp1. On 1mTF you will find lots of such setups. *For sl variation, it can also be set at 8400 and the risk is set at half of 4x of the original. This approach will suit those who prefer a higher win/loss ratio with a lower RR.Ignored
DislikedAnother instructional piece while waiting for the action to start, this time on range vs trend. The chart below is the DAX index from Tuesday this week. When a downtrend stalls it is easy to ask whether the trend is over now, and to start looking for reversal entries. Generally it is unwise to take trend-type entries in a range, and you may find yourself whipsawed for a while before the trend continues instead of reversing. Cat mentioned the EMA200 as one way to keep track of this. The downside of this is that a 200 period MA is a tad slow to react...Ignored
DislikedThanks! cat & medici. If you don't mind post more of those screenshotsIgnored