These days, I tend to move stops slowly in the direction of my trade. In a perfect world, we would never want to hit a stop, since that will always take us out at a minimum profit point. Out of my last 42 trades, I hit a stop once. All the rest were ...

Multi-Lot Multi-Timeframe Position trading

I always use a wide stop loss. I try to never hit it. If I do, it was a black swan event, or I screwed up, or both. Out of my last 42 trades, I hit a stop loss once. I have no evidence my broker hunts my stop. But I have no doubt that if a huge ...

Do you believe brokers hunt your stoploss

J, I don't usually pay much attention to ABC and wave structure, but each person needs to find their own way. Yes, when I referred to setting to BE at 0.5 sl ahead, I was referring to the Emergency Stop. We always want to have one of those, but in ...

Multi-Lot Multi-Timeframe Position trading

J, sure. I'd rather secure a little profit, than have a reversal take it all back. I generally look for just a little at first, not to be greedy, like just moving sl a little above entry to take just a little in case of reversal. I like to move the ...

Multi-Lot Multi-Timeframe Position trading

Hi J, Sure, there are a number of things that I will do. First of all, I will always move the stop loss to break even at some point when well ahead in a trade. Usually, if I get somewhere between 0.5 and 1 X SL ahead, I'll move the SL to BE. That ...

Multi-Lot Multi-Timeframe Position trading

Greetings and Happy New Year to all. I can't comment on code since I haven't studied it. As far as stops are concerned, I typically either use a fixed stop or a ADR stop. I haven't found that fooling with stops makes many pips. Just use one. Another ...

Multi-Lot Multi-Timeframe Position trading

Hi J, This thread hasn't been active in a while so I just saw your post. The first question you asked could be phrased as, should one trade shorter term with tighter stops and take many small wins, or longer term with wider stops for a few big wins. ...

Multi-Lot Multi-Timeframe Position trading

I suppose "Holy Grail" could have a couple meanings with regard to trading. It could mean a system that wins for anyone who uses it. I don't think that sort of holy grail exists. No two traders trade exactly alike. But it could mean a system that ...

What Holy Grail really means in Forex?(Need experienced traders comment)

It's simple, but hard to do. Trade in demo just like you would with real cash for 5 to 10 years until you are profitable for 4 months in a row with no cheating. Then trade the minimum 0.01 lots per trade in cash until you are consistently ...

Help! What is the actual holy grail in forex? I'm tired of losing

Just to repeat my advice, there is NO reason to trade real money before you have demonstrated long term success in demo. If you decide to do it anyway, you are throwing your money away. Your odds of winning against the best traders in the world and ...

New To Forex and Need Advice!

I have heard of traders setting off a cascade of stops on purpose by trading a fairly small amount, maybe a few million, at just the right time, like very illiquid Sydney trading, but I'm not sure if it's true or just myth. I suppose it is possible, ...

Do you trade more than 1 million dollars in forex?

Post 87 by Anti-Scammer above is a dead ringer for my ex-wife. Unless someone is a very good personal friend or a family member, they will never share a profitable system. It's just human nature. If the scammer should happen upon a profitable ...

False Prophets

Only trade demo and study everything that seems important until you get three profitable months in a row. That might take years, or, it just might never happen for you. If you get 3 profitable months in a row with no cheating in demo, you can decide ...

New To Forex and Need Advice!

Win 90%? Simple, just set a 15 pip TP and a 300 pip SL and wait. You'll win 90% of your trades, but still lose money in the long run. Another is never lose a trade: anytime you lose just double the amount of the next trade (Martingale). It works for ...

Never Lose in Forex - Guaranteed

Not trying to be impolite, but if you need to ask that question, you should be trading demo at no more than 0.5% per trade. It will take years to get 3 months profitable in a row in demo. Then start cash at 0.5% per trade. It will probably take more ...

How Much Do You Risk Per Trade?

I strongly agree with the advice to start with demo accounts. It takes the average trader 5 to 10 years of practice to become profitable. There is no need to lose money all that time. Trade the demo exactly as you would live money, with the same ...

where do i begin?