Why do you use it is better than candlesticks? What are its strength?

Renko Trading Discussion

Is it a kind of pattern recognition algorithm or smth?

Cycle measurement: the easy way

Do you mean markets became more rigged or what? Centralized is good but has many drawbacks, like manipulations

What happens inside of a brokerage firm/Exchange

Achieving a 20% return per month in trading is possible but highly challenging and risky. Maitaning such performance is really hard, probably I had 3-4 months in a row but not more. Such high returns typically involve significant leverage and ...

20% per month. Is this possible?

What it acceptable rate of return in your view? Is 20-30% a month like offered by some PAMM or copy trading services ok?

Looking for some Rookie traders who want to learn

I identify levels where I may cancel my forecast, so I would rather adjust lot size to those levels rather than targets to the money I'm willing to lose/earn. Prefer to utilize charts in full

The best idea for stoploss?

I would also suggest to check HFM, Exness and IB maybe you will find something suitable

Broker GMT+2

10% monthly without losing periods is unrealistic. No strategy in the world can deliver such performance. Same odds if you buy a lottery ticket lol

20% per month. Is this possible?

Based on my current personal experience, HFM is the best broker. They offer fast and hassle-free withdrawals (usually processed same day), competitive spreads with high ECN liquidity, and an easy-to-use online back office for managing multiple ...

Best Broker?

How do you explain why markets should follow your pattern, where predicting power comes from. If it's too complicated, not many traders can rediscover and follow it, creating self-reinforcing loop that explains predictability. That's why I'm not a ...

Guppy re-invented

Looks like it's about money management rather than improving accuracy of signals. I don't think you can improve results simply by "shifting weights", like RR 2:1 isn't better than 1:2, total result will be same, only win rate and profit per trade ...

Forex R-Multiple & Win/Loss Correlation Table

In my opinion trendlines work because lots of traders pay attention to them, including algos. This basically creates (not every time) a quite persistent market anomaly, basically a self-fulfilling prophecy

Why do trendlines work?

Bro just don't trade during news releases or use very small margin and high risk reward like 1:20. There will be sudden movement if you lose you los not too much but if correct prediction then you reap profits. Separate account is needed

I lost everything! 😭

Forex trading can be a negative-sum game for many due to transaction costs, such as spreads and commissions, which reduce overall profitability. If you don't have clear edge, i.e. which bread you take, you will likely lose

Forex - A negative sum game for losers

Combine a few complementary ones to confirm signals and avoid cluttering your chart. Understand each indicator's function and backtest them on historical data to evaluate performance. Adjust settings based on current market conditions to enhance ...

How to properly use indicators

While no field guarantees absolute success due to changing market conditions, investing in a course significantly enhances the likelihood of success. Education provides essential tools, skills, and knowledge needed to navigate and adapt to market ...

My Biggest Problem

Basically they protect themselves against sudden price movements, where the loss can exceed your margin and they will have to either sue you or cover the loss with their money with their counterparty.

Margin Levels and Margin Calls

This is how backtesting usually done. You can also try walk forward test to achieve more robustness for your system. It's simple yet effective

Curve fitting vs optimization

When you have to make decision fast, how you ensure that you open order with desired stop loss or take profit? Is there an EA or some software which sets this automatically?

Depositing Real Money 1st/2nd Time

To maintain motivation as a newbie in trading, set realistic goals and celebrate small wins to keep yourself encouraged. Continuously educate yourself and view losses as learning experiences rather than failures. Not sure if there are good sources ...

How do you newbies not lose your motivation?