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Autochartist tool is a great software it is available for free in HFM, it greatly reduces work on identifying patterns, perfect solution for technical traders

Yeah it is crucial to stick to your trading plan at least because you have to gather a trading sample to evaluate performance of your trading strategy and then make changes if necessary

Is it possible to run this bot on MT5? I use one from HFM and many indicators should be adapted to MT5 so I guess same here

Well you can try beeksFx a bit more expensive than others but performance is excellent. Some brokers like HFM offer it free of charge if you are an active trader.

Yeah probably they will discontinue support but for some time the app will still work, at least didn't notice any issue with HFM MT4 so far

It should include trading idea which you implement into rule-based trading strategy, how you enter and quit position, what are the size of stop loss and take profit, position size. You should also determine preferred timeframes, pairs for trading, etc.

I steer clear from taking trades during high volatility, avoid news trading and use fixed stop-loss, usually 20-30 pips away from entry to avoid waiting too long if my guess isn't correct

Personally, I prefer trading major pairs like EUR/USD and GBP/USD because of their high liquidity, tighter spreads, and the wealth of data available for analysis. Their relatively stable behavior makes them predictable, which aligns well with my trading strategy. That said, I occasionally dip...

Managing drawdowns is all about discipline and sticking to your plan. Smaller position sizes and strict stop-loss orders are great ways to keep losses manageable, and taking a step back during rough patches helps maintain clarity. Reviewing trade data and tweaking strategies when needed is key...

It is definitely MT5 because in my view it is the most efficient platform even compared with Ctrader

I prefer scalping over day trading because it allows to gain more experience in a shorter period of time. I think this is the key thing

You should be happy now brother if you had the balls to hold it till Trump election and after. I also keep long position on HFM with 1:1 expect it to reach 200K in 1-2 year

Please explain how I can install and try this EA for free on my HFM account? Is there specific knowledge required to correctly setup and run this EA?

I think you should try some good names like HFM, Tickmill, etc. they have large clients base, tons of review, miltiple licenses in different regions basically this reflects their successful business and standing in the industry

Yeah automated strategy works much better than manual trading because it helps to make trading decisions much faster which gives advantage

Thanks for clarification was looking for this feature, TradingView is definitely better in terms of charting capabilities

The ability to overcome the psychological impact of a loss is a key task for a beginner trader, as many lose control of the situation after experiencing a loss. They often start acting recklessly, trying to recover quickly by increasing risk, or, on the contrary, they wait too long to enter a...

I guess it is MT4 and maybe MT5 because they are very fast and have full-fledged backtesting tools. Also most fx brokers support it that's why I don't see reason to look for something else

Yeat it is important to find or define and trading edge, backtest it on historical prices to see if you really can beat the market and only then you can start on live account and work on your trading mindset

For me MT5 is better because it is faster and also there is python library which helps me to code custom EAs and trade with HFM