While it's not advisable to become entirely emotionless, you can develop emotional resilience by practicing mindfulness, setting clear goals, and following a well-defined plan. Establishing effective coping mechanisms, such as taking breaks during ...

How to Become Emotionless

Correct, portfolio is built using assets which offer cashflow, currency trading is a speculation, also since currency pairs relate via arbitrage, they have high degree of correlation, means there is little opportunity for diversification.

Should I make a trading portfolio?

I'm seeking guidance on some general framework for reading the market. Occasionally, I find myself torn between two equally plausible perspectives on the market, each supported by compelling arguments for selling and buying. Having the freedom to ...

How to read the market

But where to take profit? Manually or it's a kind of position that is held indefinitely?

The Myth of Averaging

Becoming emotionless in trading is unrealistic, but managing emotions effectively is key. Develop a well-defined trading plan, set clear entry and exit points, and stick to predetermined risk levels. Regularly evaluate your trades objectively, and ...

How to Become Emotionless

So what's the most important part according to your experience? Generating ideas of trading edge and ability to create rule-based systems based on them?

Trading Discipline !!!!

Utilizing paper trading serves as an invaluable resource. Without it, one would have to develop a personalized trade simulator to compile trade data and evaluate the performance of the desired trading system in a live environment. This would demand ...

Is demo a step before real trading?

Does trading view provide a high-frequency quality feed as part of their Premium service? I would like to connect my HFM account to such feed and run some backtesting but haven't been able to find any decent offer...

Any Advice for a Beginner?

Backtests are based on historical data and assumptions, which may not accurately reflect future market conditions. They can't account for unforeseen events or changing market dynamics. Trusting a backtest alone can lead to over-optimistic ...

Trust the Backtest?

The idea of making 10 pips a day to get rich quickly is a bit of a myth. While consistent gains are essential in trading, it's important to focus on risk management and a realistic trading strategy. Forex trading can be volatile, and aiming for ...

10 pips a day can make you rich quickly

I would go with the one that exists 969 days, it has 13.22% max drawdown, 1000 USD deposit and all-time gain isn't extremely high. For other system it is either too much drawdown or suspiciously low like 1-2% which is unrealistic in my view.

HotForex Discussion

Without knowing probabilities of outcomes this is useless. Try to play coin toss game with this knowledge when probabilities of heads and tails are unknown..

Forex EA for prop firm

It's unlikely you can find somebody who will teach you, because applying their skills on the market they can earn much more

A Cry for help

How it can be different from 4h? Can you explain what makes you think that it can be different? In my view you have to choose timeframes which are the most popular among trades, as you have higher chances that you will see same patterns that might ...

6h, 8h, 12h, d1, w1, 1M

The key issue that it is extremely hard or even impossible to differentiate a loss due to mistake and loss due to being unlucky. Same goes for profitable trades. All you can do is to access aggregate characteristics of your trading performance and ...

Why do Newbies Lose?

You choose the pair that has the lowest spread to avoid paying extra spread, start from the lowest lot possible and then double lot size if you lose the trade until you win or start over from the initial lot size if your trade was profitable. You ...

Success with Martingale & Hedge - Possible?

And what should be the optimal bet size for each risk reward ratio? Should we also change it or it should stay the same. Also I noticed that breakeven win rate from your picture can be calculated as 100 / (1 + R) + 1, where R is reward value in the ...

Moving on from 1:1 Risk-Reward

Well if you consider your financial bets (made via CFD trading) as assets, you can consider your current number of opened trades as portfolio. When it comes to traditional investing portfolio is a combination of assets purchased which aims to ...

Should I make a trading portfolio?

Basically this should be a feature of every EA, otherwise it would function as indicator, i.e. will help to make better informed decision about entry/exit.

my grail system

Nice brother, this really looks like something promising. Btw did you manage to achieve consistent results with it?

my grail system