Hello traders
Let me highlight what the BEST Trade Manager can do for you.
The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios.
We made it as such the visual rendering is also very nice on mobile devices.
Reviewing:
- How to connect your own...
Before I get into this it is important that you know the points A and B are not valid wave tags but are only on the chart for illustrative purposes.
When I first got into the markets, I found myself sticking to a bias based on any first sign or pattern I found on the chart. The beginning of my forex journey is a story full of losses and blowing of accounts. But...
Captian Jean-Luc Picard is a character from the series Star Trek.
He is many Star Trek fans favorite Captain because of his combination of class, wisdom and wit.
This particular statement was spoken to the Android Data who was failing in his attempts to be more human.
Tim has found this encapsulated his early trading experiences to a tee.
Early in Tim's attempts...
Hello traders
I. Daily tutorial publishing challenge officially begins
Starting today, I'll be publishing every night what were the setups given by the Algorithm Builder Indices .
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You'll find more information about that script in this script...
Hello traders
I. Daily tutorial publishing challenge officially begins
Starting today, I'll be publishing every night what were the setups given by the Algorithm Builder Indices .
----------------------------------------------------------------------------------------------------
You'll find more information about that script in this script...
Hi everyone
On Today's tutorial, I wanted to highlight how you can upgrade your own indicator to work with the Trade Manager
Let's take the dummy example of the double MM cross
Step 1 - Update your indicator
Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!)
So it should...
Every time it is different, but in general I would say there are 5 type of trades:
1- Just nosedives and never goes into your favor. Straight down (up). The ones to avoid, which you want to get out of as quickly as possible. Will destroy your account really fast if you do not cut it.
Not much you can do about this type. Obviously you get stopped and that's it. I...
This is shared experience, on how curves can be exploited. It requires much experience timing and trading management.
Curves don't rule the markets - obviously. The markets will do their own thing. Generally though, there are some probabilities that emerge, which can be exploited.
In this video I discuss, using a recent live trade, how dynamically managing trades is superior to the "set it and forget it" approach to stop loss and profit taking levels.
In this video I use the recent losing gold trade to talk about how to manage trades like a pro. You do this using 3 main principles 1)Risk small amounts of capital, 2)Don't over-trade, 3)Don't ignore counter-position price action.
This chart will give you a better view to the ongoing trade "Go Long BTCUSD", with all indicators in visible (Pivots, Opening Range) to see the trade progression, trailing stop losses and profit targets.
What you are seeing here is trade management. By managing the trade properly we are able quickly eliminate the risk of the trade being a losing trade, by bringing...
This is an observation with educational purposes, for myself and for the people who might find it useful.
First of all, the results that are shown here are made from the last 13 trades that were published and TRIGGERED, here in the website. Each one of those trades are measure in terms of risk to reward, in other words terms of risk units.
Remember when you are...
