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I am using an EA to trade. All I would like to warn you is not use IC Markets. The robot will make money for a week, then charts will start freezing and take profits will not be triggered. If an EA keeps on adjusting TP for open trades, their charts will freeze rendering the EA helpless. Targets...
I met a trader who has employed someone to babysit his trades. He places stop losses but not take profits. When he is away from the computer (he is busy), the trades caretaker closes trades once there they reach a certain price. The advantage he tries to gain is waiting for profits to run until...
Try this 50 pips a day forex strategy. It works very nicely in trending markets. Just look for a trending pair and apply the strategy. When one pair becomes choppy, look for another one. There will always be a trending pair on different timeframes.
I love cTrader because you can modify trade levels even when the market is closed. You can even delete or cancel pending orders. Once you save your profile on their servers, you can open your profile on other computers and your charts will look the same. How cool is that?
My robots had opportunities to open several trades on Monday market open but they failed. On checking the journal, it stated that the market was closed but it was open and that's how the robot identified trades and prices were moving. They would have been the most profitable this week. Does this...
I have traded manually for the last 3 years now. I make money but it's stressful. I doubt banks and successful hedge funds trade like this. I stand corrected. I think robot trading will be easier. I am testing several EAs. Please advise, which is the best way to do this? Anyone who can point us...
Some traders are too lucky based on where they trade from. We, in Kenya are among the luckiest. We have time to sleep. Frankfurt and London markets open at 10am and 11am Kenya time respectively. Newyork opens at 4pm Kenya time. Where do you trade from and what odd hours do you wake up to trade...
I happened to get into a discussion with a group of traders and this subject popped up. We didn't get into a conclusion on whether it's a science or an art. So, is it an art or a science and why?
Does anyone here use an EA that consistently returns at least 50% a month with acceptable drawdowns? Please share and if you have some proof, help us out.
This is a combination of Renko charts and other indicators to trade reversals profitably. It helps in avoiding early entries that lead to losses and late exits to maximize your profits
Does anyone has unlocked Money Pile EA here? I got their 15 days trial and it's profitable but their price is exorbitant. Profits are small but consistent. Here is their trial if anyone wants to try it out
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