He enters every day in time span from 10pm. So he use 1M or 5M timeframe and some RSI or Stohastic with period less than 5 bars.

Can anyone figure this strategy out?

Look at losing trades. He use averaging (same volume for 3 deals, then x3 for 4th deal) to get out from losers.  image  image image Averaging step is 55 pips

Can anyone figure this strategy out?

Yes. You are correct. This is basic logic - buy on lower price, wait, then sell. Price difference is your profit. Trade stocks with this. Use revolut or etoro. Do not use leverage. Use only BUY. Trade only stocks from DJI Index for example ...

Trading is this Simple? Finally Explained simple and clearly!

If found mathematical edge then program EA acording to that. Why fight emotions? Let EA work for you. Zero emotions. And continue to find another mathematical edge.

Rules of Successful trader

Right. Charts are already history. No chart, no indicator and no magical support/resistance lines or channels lines a lot of people love to paint on charts - nothing that can guarantee info about the future. So all reduces on patterns statistics ...

The brutal truth of day trading

manual trading is not safe when flash-crash too. No stop loss working then... therefore diversify with n accounts your capital. use brokers/regulations where you are protected from negative account balance. when you open 1 deal - all your money on ...

The brutal truth of day trading

Therefore Trade Explorers for MT4 and MyFxBook for all trading platforms exists. FF ratings (diamond badges) should be based on trading results. Or should be added some additional badge/icon indicating real trading results score. But FF do not ...

The brutal truth of day trading

I see that was a pain for you. That's good. No pain no gain. If you want to succeed: 1. Find some regular job... with boss. 2. Do the best you can in that job. 3. Then will open some new doors in your life (and/or in your forex EAs).

Let's be honest-do you like to trade?

In order to lead you must learn how to follow. Respect your boss because of that. Dont expect any man to be as good example for you. All man have issues... But you need to learn how to be humble and follow orders. Any legitime business can be good ...

Let's be honest-do you like to trade?

Fully agree. No challange needed here anymore.

The brutal truth of day trading

There is only one answer - challange! EAs vs Manual. 1 year. 95% winrate manual trades versus 100 positions automated trades. The winner takes all glory & respect. RickM vs ryuryu! The final battle. Live on myfxbook.

The brutal truth of day trading

How many pips needed to consider entry is wrong? Few pips is how much? 2 or 3? When they realise wrong entry how fast they get out - is speed based on time or pips?

The brutal truth of day trading

tnx. This is 1 EA. Have a lot of EAs because of statistical fluctuation. There might be drawdowns periods for any good strategy. Those periods can be >1 year. image Here another real result for the same strategy but diversified (3 symbols EURUSD, ...

The brutal truth of day trading

Hey robots4me! In my post I tried to give simple advice to get statistics for every strategy you are going to use no matter EA or manual. What I see with manual trading.... people pick up indicators, see in charts some profitable entries and decide ...

The brutal truth of day trading

You go to investor and try to pich "i will earn money with this awesome strategy X. I did 3 trades and all win. Give me 100k capital." You are that investor. Every time a "guru" is pitching you an strategy you must ask some aditional info... and yes ...

The brutal truth of day trading

"The more actions (trades) you do the more mistakes can be made." I see from thousands (? ok dont know but did/still doing a lot) backtests/optimizations and simulated forward tests of EAs - overtrading is relevant to EAs too... EAs are not intended ...

The brutal truth of day trading

Need to wait additional ~2 years. Now Darwinex score for "Experience" is only 1.8...from 10.

The brutal truth of day trading

Yes this Darwinex is 1 EA. Have 3 brokers, 10 accounts. On some accounts only 1 EA, on some 20 EAs running. On account where 20 EAs running total ~3000 deals in 24 months. It's ~130 deals on average per month, about 3 to 20 opened deals at the same ...

The brutal truth of day trading