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Setting up MetaTrader for Prop Firm Trading. And why I did it I've been focussing on coding Ai to trade on my behalf and therefore haven't been trading In realizing that I would need a track record of the Ai to beat I decided to get back on the markets. So I moved some funds around and started trading on a Crypto exchange where I would put my own money into the trade. What a f#$@%$ headache that was. Personal exchanges are there to make money for themselves as priority, and only kinda be there to facilitate your trades. Typical crypto exchanges (maybe others too) are unethical as well as unnecessarily complex. As you've heard I took a 38% profit, which took a long time to make, and because their contracts section forced me to buy Bitcoin to put in the trade..even though I made a profit, the overall amount decreased in value, essentially creating a loss. Grrr! So to hell with those gross exchanges and back to trading OPM (other peoples money)! In this video I'll show you how I have my MetaTrader 5 set up. I'm just waiting for the account login details to arrive and I'll that fully set up soon and ready for action asap Welcome to the real world of trading
BINANCE:BTCUSD.PEducation
by Blayno_MTOPS
US30 Simple 8:am StrategyToday I'm explaining a very simple strategy that I use for trading US30 during the NY session. Basically just wait for the 8:am EST candle to close Once the candle closes, if it's red, you would enter a sell position with a 100 point profit target with a stop loss at 100 points as well. If it's green, enter a long position with a 100 point profit target and 100 point SL. If you end up getting stopped up, it's not a big deal. The following day you would just double the position size. Make sure you avoid trading Wednesday especially if there's anything related to the FED such as an FOMC. In terms of volume size to trade, for every $100k, start with a 1 standard lot position. If stopped out one day, the following day trade 2 lots, or execute two 1 standard lot positions at the same time. This is a very simple strategy with an 80% win rate. That's it - That's all Trade Safe
BLACKBULL:US30Education
by Michael_Harding
1
What is FLAT in the markets, practical tips☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Education
by Yelli_trades
Using Fibonacci Spirals With Fib Price TheoryEven though I was interrupted by a phone call (lol) hear the end of this video, it still clearly illustrates how to use Fibonacci Price Sprials in conjunction with Fibonacci Price Theory to identify breakouts and targets. Remember, I don't believe Fibonacci Price Spirals are very useful for targeting/predicting trends. I do believe they act as a means of identifying phases/cycles related to price though. And that could be helpful for traders trying to catch/identify opportunities for trades. Hope this helps.
AMEX:SPYEducation
by BradMatheny
Anchored vWAPs to Define Value Channels of Reaction ZonesIn this video I share a simple TA method I use when I've identified two significant levels. For this example we're using the anchored vwap from both the most recent significant high and significant low. Once we have those defined and price begins to trade Within These two levels I like to draw what is called a value Channel. A value channel provides me with areas on the chart that are high probable reaction areas. the trade system I trade I look for reaction areas and I trade around them. we see in this example that the rejection happened at a significant area of this value channel and if price continues down I share where the next reaction area will be where we'll look for Price support. I also add to the chart and indicator called RD Key Levels . these are key levels that the market uses for reaction areas in just about any day one Trader should know but it's great to have them on their chart. I bring this up because it does appear that BTC is reaching for a weekly open test. that would be my target on this trade and would be the highest probable reaction area I'd be looking for. If anything wasn't clear please ask questions and I will provide answers or a quick update.
INDEX:BTCUSDEducation
by RexDogActual
1
Stop Loss Placement: Let Your Trade Cook!Intro I tried to talk through stop-loss placement in 3 minutes here. I do not think justice was done. So let's take a look at exactly what I mean when I say "Let Your Trade Cook". Proper stop-loss placement is critical to a successful trading plan. Don't Place Your Stop Like Everyone Else You are guilty of this, if you have been stopped out many times just to see the price move immediately back in your favor. The picture below represents a bunch of pullbacks some long and some short and it has been color-coded to define entries combined with stop losses. Blue = Entry Black = Typical Stop Orange = A Good Stop To Let Your Trade Cook Red = An Aggressive Stop To Let The Trade Cook Conclusion Hopefully, the video along with this image provides you with a better system for discretionary stop losses. I tend to favor the idea that just above or below a momentum bar in the previous swing as my stop loss.
AMEX:IYREducation
by JoeRodTrades
Keltner Bands Pullback StrategyHere we take a look at trading pullbacks using the Keltner Channels. I cover the initial setup, the types of entries, and trades to avoid. This setup contains 3 parts: The channel touch The Pullback The Entry The Channel Touch Here is an example of the beginning signal in our setup, a band touch. The top and bottom bands represent the ATR (Average True Range) of a loopback period. So a touch of the band indicates volatility in the underlying stock or commodity. This also presents us with a chance for a nice pullback with continuation. The Pullback The pullback is simple, it is a reversion to the mean. So, the price pulls back to the mean (the ema) that the Keltners are based on. From this point, you can start to determine the entry. The Entry Depending on your style, a stop order, or limit order trader, you get to create your style to enter the trade. The following are some ideas: zero line MACD cross, second entry (price action) long or short, a trigger zone (for limit order traders), and an ema touch (limit order traders). Zero Line Entry Price pulled back and crossed the zero line on the modified MACD indicator. Second Entry Long (High2) The entry is the second attempt to break the previous bars high in a pullback. The Trigger Zone I created these based on an internal Keltner channel. You can set your limit orders anywhere inside of them. EMA Touch Whenever the price touches an offset ema you can enter. So you can place and move your limit order as the ema moves. I like to offset by one because you are guaranteed a price touch (ema doesn't move). Backtesting is also my accurate with an offset ema. Conclusion The Keltner channels offer an extremely powerful way to determine a potential pullback within a trend. They also help define trends (on the first touch) and help objectively identify climatic behavior. This strategy as a whole allows for high-quality setups and the flexibility of entering and exiting trades based on trading style. I like to shoot for a 1:1 based on stop placement.
AMEX:IYREducation
by JoeRodTrades
3
1-Indicator Strategy For Beginners...The Stochastic Hey Rich Friends, Happy Wednesday! I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details. Adding the STOCH to your chart: 1. Search the indicators for "STOCHASTIC" and click once to add to your chart. The only thing that I modify is the thickness of the lines but feel free to make further changes to your liking. 2. Make sure that the "indicators and financial values" option is ON. Right-click your scales, select labels, and make sure "indicators and financial values" is checkmarked. Entry signals for a buy: - The STOCH is facing up - The fast line (blue) is above the slow line (orange) - The STOCH has crossed above the 20% level, from oversold, back into the blue-shaded area Exit the trade or take profit once the STOCH has crossed back below the 80% level, from overbought, into the blue-shaded area. Entry Signals for a sell: - The STOCH is facing down - The slow line (orange) is above the fast line (blue) - The STOCH has crossed below the 80% level, from overbought, back into the blue shaded area Exit the trade or take profit once the STOCH has crossed back above the 20% level, from oversold, into the blue-shaded area. I hope that this video helps someone become a more independent and profitable trader. Let me know in the comments if you try this strategy! Peace and Profits, Cha
Education
0
by MoneyMantraCha
35
The Anti: A Super Powerful 1:1 SetupIn this video, I discuss The Anti a trade first mentioned by Linda Raschke in her 1996 book Street Smarts. Her version used a Stoch indicator but, I prefer a modified MACD indicator. To take this setup, you first need an indication of market reversal. In our case that will be climatic activity. So this trade has 4 parts: Climatic activity or other indication of possible market reversal First leg MACD or Stoch slow line change of trend MACD or Stoch fast line hooking back into the slow line (against the trend)
GEducation
by JoeRodTrades
3
A Trading Plan MUST Include A Sound Risk Management StrategyOne of the biggest mistakes a trader can make is to neglect the aspect of risk management. In this video, I divulge the most pivotal lesson I’ve gleaned from my experience in trading. During the initial years of my trading journey, I disregarded the importance of risk management, which proved to be detrimental in a significant way. The watershed moment of my trading career came after incurring substantial financial losses. This experience was a stark revelation of the imperative nature of a robust risk management strategy for trading success. It was an excruciatingly costly lesson. Should you have bypassed dedicating time to understand risk management, you might be on the brink of a potential calamity. By watching this video, I hope you can sidestep the blunder I once made in the nascent stage of my trading endeavors.
Education
by fxtraderanthony
Three Aspects of a Trade Entry, Risk Management, ExitWelcome to our discussion on the three vital aspects of a trade: Entry, Risk Management, and Exit. Mastering these components is crucial for successful trading. Let's delve into each aspect, understanding their significance and how they contribute to your trading strategy. Entry: The entry point marks the initiation of a trade. While it may seem straightforward, it sets the foundation for your entire trade. When choosing an entry point, consider factors such as market trends, support and resistance levels, and technical indicators. Your entry should align with your trading plan and signal a high probability of profitability. Remember, a well-timed entry can maximize your potential gains and minimize risks. Risk Management: Effective risk management is the cornerstone of trading success. This aspect requires careful consideration and planning. Assess the amount of capital you're willing to risk on each trade and set appropriate stop-loss levels to limit potential losses. Remember, preserving capital is paramount to long-term profitability. Exit: The exit point marks the closure of a trade and realization of profits or losses. While it's often considered the simplest aspect, it's equally critical. Establish clear exit criteria based on your trading strategy, whether it's a predetermined price target, trailing stop, or technical signal. Stick to your exit plan without succumbing to emotional impulses or market noise. A disciplined approach to exiting trades ensures that you capture profits while minimizing potential losses. Importance of Each Aspect: Entry: Sets the stage for the trade and influences its outcome. Risk Management: Protects your capital and ensures longevity in trading. Exit: Determines the realization of profits and mitigation of losses. In summary, prioritize each aspect of the trade process, giving due attention to entry, meticulous risk management, and disciplined exits. By mastering these fundamentals, you'll enhance your trading skills and improve your overall performance in the markets.
CBOT_MINI:YMM2024Education
by CFRN