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Showing results for tags 'ideas'.
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I am seeking thoughts and ideas for a system that is simple, can withstand the changing market conditions (including summer conditions), and one which can gain consistently. I ask not only for myself but for many who are in a similar position in these forums. I'm looking for something in which I can set pending orders, or place orders at a given time (due to working a full-time job). A breakout system comes to mind, but am interested in finding something during ranging markets as well. I would risk $1/pip per $1,000 (adjusting the lot size accordingly). Ideas for money management would be a big help too; I don't like anything less than 1:1 risk/reward. I've been studying what's out there the past year; I'm very familiar with the basics and beyond. Yet, I cannot settle on any system I'm comfortable with. I am also a MQL4 programmer and can program a system if it works and someone here is willing to share it (for anyone interested). Anyone have any idea for something that might be what I'm looking for? Please do not send affiliate links; I am looking for a system I can manually trade or one in which I can program on my own. Thank you to anyone who responds!
Hello! Right. I want to start a new thread for all to discuss homework and prep. What you do(broadly or specifically - up to you!), how much time you spend on it overall etc.. To me this is pretty essential for ANY trader to be successful imho. But hey, disagree if you like, that's the purpose of this thread. So as a framework for the topic(and I know some things are also covered elsewhere):- Preparation for session - levels, other technicals, events and anything else. Theory for what may happen and plan of how to trade the possibilities - for day, week, month or whatever your timeframe may be. Journalling - of day and trades taken/missed etc. Research and metrics - statistics and analysis to get a better feel of specific markets. Time spent - realistic amount of productive time you spend/you can spend on these areas. Post your thoughts and questions on as many or as few of these subjects as you like. If there's anything I've missed which you would like to add, by all means do. Please stick to the topic though!!