Hi there hanover, I have a trading system based on candle formation and momentum which is 100% mechanical with no discretion. I have made great returns using it but the problem with me is i am not fast enough to set the orders(some orders) and i am ...

Hanover replies to PMs

Hi antonsatu, 1)I don't really understand your question but if you mean how do i know the market will move in my favour three times of what i risked, then i must say i don't know it for sure. It is just that i am an experienced trader and based on ...

0 to 10000%: Big RR

You have to understand trading is not easy. It requires you to be able to understand the psychology of the market. In a way, you need to be philosophical about it. Try to structure your trades so that it can be profitable in the long run. Don't ...

0 to 10000%: Big RR

That is very true! I can vouch for that

What is needed to be successful in forex trading

Hi NaughtyPip, Thanks I don't trail my stop but i do have a break even once it reached certain pips and yes i do have a long term target about 30 to 60 pips. Depending on market conditions. You have to play around on this one. Which is why ...

0 to 10000%: Big RR

Hi Matheszabi, I seriously do not understand this post. However, you have a point there about the type of brokers traders should choose. Always choose brokers that are regulated by a strong regulator not just in some island. FCA(UK) and ASIC comes ...

0 to 10000%: Big RR

Hi L33, Many traders seems to be ignoring the fact that the market is in a way 'random'. To overcome this randomness they have to make use the edge that anyone can access, which is the law of probability. The law of probability alone might not be ...

0 to 10000%: Big RR

Thanks Mozak

0 to 10000%: Big RR

Hi Pipsalon, It depends but always more than 1:3.

0 to 10000%: Big RR

Exactly what i am trying to do! A+++ entry for Big RR and discipline. Thanks Festus

0 to 10000%: Big RR

Yes, what you've said is true. I was merely positing that one should see it as it is. Not to be influenced by illusions. Thanks, yours are good too actually

0 to 10000%: Big RR

Hi metta87, Yup, high RR is an important part. Without it i would have failed miserably.

0 to 10000%: Big RR

Yes. "Failure is the foundation of success, and the means by which it is achieved." - Lao Tzu

0 to 10000%: Big RR

Hi kofix11, Thanks Its hard to say. Probably experience. I have failed hundreds of times but I try to learn from it. Fail as many times as you can and learn from it. The important part is to learn from the failures. Many fail without learning ...

0 to 10000%: Big RR

You are welcome

What should be the ideal win rate of a successful EA?

Win rate does not mean anything if the ea loses money. For example, 90% win rate vs 50% win rate 50% win rate can be a winner and 90% can be a loser. The 50% win rate EA had risk reward ratio of 1:20 and 90% had risk reward ratio of 40:1. For 50% 1 ...

What should be the ideal win rate of a successful EA?

Try Darwinex. It is a good broker.

NDD execution with no requotes or ECN execution with no requote

1. Less leverage. Learn fractional reserve banking. 2. Liquidity on orders, he would be moving the market if there are not enough liquidity. It makes it harder.

Are there max lot sizes?

They have Lmax and 9 other banks in their feed. So their feed is reliable.

Which Broker are you using and Why?