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Mastering the Art of Stop Loss 40 replies
Mastering Trade Management / Stop hunters 27 replies
Quantify the market - breakout or fakeout 52 replies
Breakout or fakeout? 0 replies
Your Anti-Fakeout Systems / Methods 5 replies
Disliked{quote} eeeish... had you noticed the formation early and taken it, you’d have hit your tp early. all the same you’re still good. FxC changing people’s lives. Mine is changed already. ATB.Ignored
DislikedHi guys, here an MT4 indicator to identify the fake out candles with timeframe of M1 to H4 and hope that it helps. The indicator inputs is self explanatory, example: PreviousCandleBodyPIPSH1 = 0.0005; //previous candle body length >=PIPS, H1 is the timeframe CurrentCandleWickPIPSH1 = 0.0002; //current candle wick length >=PIPS, , H1 is the timeframe CurrentCandleBodyPIPSH1 = 0.0005; // current candle body length >=PIPS, , H1 is the timeframe Feedbacks to make it better or right are welcome! Good luck! {file}Ignored
Disliked{quote} hello , first you started shorting EURAUD, each time seen on the mangenta vertical line. then the downswing didnt revisite your TP (red line) from trader to trader i am interested in how did you manage these losses on paper? did you cut them during the day? did you hedge them? or do you still holding the five short positions? its nothing to offend you, i am just curious how you manage these losses to learn from it. {image}Ignored
Disliked{quote} This should make that easier for you, from now on Ill try to take more screenshots. The 0.03 lot trades where on the 1 hour TF....gonna stay from the lower tf's for a while from now on.{image}Ignored
Disliked{quote} Kindly work with me in private on this please, and not post versions here - I don't want people's time wasted trying something that has not been tested. Plus I can give you pointers that I have gained over the last 3 decades working with programmers, who seem to be more analytical for their own good, when most of the time there is a much simpler approach without all the extra technical stuff. Thx P.S File must be in MQ4, or I wont touch it. I have to be sure the underlining code is not malicious.Ignored
Disliked{quote} after nearly 30 years of trading i am always skeptical when someone says "he never made any loss" to quote you. it was a simple question without any ulterior motives. just out of curiosity how other traders deal with loses. "dancingphil" e.g. hedged his positions. "lemercenaire" also has its own method to deal with paper losses. also "ghostbiker" has its own way to deal with temporary losses. none of the mentioned traders refused a discussion or was somehow offended. a pity, because it's obvious that the 5 positions currently have not reached...Ignored
DislikedMr.X I know this is a waste of your time. I just have a question if its possible if you can maybe highlight the set-up on the succeeding posts? That would help us new traders to understand more of the concept. Thank you Mr.X God bless you always!Ignored
Disliked{quote} This should make that easier for you, from now on Ill try to take more screenshots. The 0.03 lot trades where on the 1 hour TF....gonna stay from the lower tf's for a while from now on.{image}Ignored
DislikedThank you FXCyborg for this 2nd method as it design for longer terms. This suits me great. Keep going, learning so much from your experiance Highest Regards!Ignored
DislikedThis system has added more confirmation to my strategy. Really grateful sirIgnored
Disliked{quote}what's your rule to enter the trade? only candle shapes? Hi kasrafx, No definitely not trading blindly, Counter trend trades at S/R and over extended moves Without going through all the trades i'll use this GBPUSD as an example. {image} Having said that not all trades where ideal, I was looking at the bottom of the range/previous low. This one was very risky IMO and I got nailed on the spread which I didn't check before entry.{image}Ignored