I think it is much more complicated now if you put yourself in the shoes of someone approaching the markets for the first time. Information is only an advantage if you know how to filter it, and nowadays there is a lot of it, plus the competitive ...

What is your edge?

It depends on the context, there are cases where stop loss and take profit are more than enough and adding one of these elements can degrade performance.

How to manage running trades

Perfect here, having read the first post you already have enough information to understand that there is no hedge in the long run by coding the system and you have shown that, that is why I had recommended avoiding backtest to derive certain ...

Yet another simple trading system

Hi ninjadave I premise that I don't like this financial instrument and I don't know it but never mind, studying the MYM futures I tried to keep your settings with RSI observing the volume this week. Without much effort I filtered on a daily basis ...

Yet another simple trading system

If you have chosen to go the discretionary trading route one solution might be to implement a volatility indicator of your choice, this should help keep you away from those time periods that prevent you from trading calmly. But the choice of ...

Yet another simple trading system

If a trading system is good it does not care too much about the news, whether it is red orange or yellow, I think it is more of a problem at the discretionary level because of the high volatility that makes it difficult to identify the correct ...

Yet another simple trading system

Hi ninjadave, why is the RSI set at 21 periods? How did you derive the +3/-3 range for entry and stop?

Yet another simple trading system

In Europe, I am thinking of Malta, a country with affordable taxation, great climate, excellent IT facility and the ability to move to neighboring nations in a short time.

Best countries for daytrading in 2024?

They have done a good job at the marketing/advertising level by attributing resonant names to their systems and appearing on major platforms such as youtube. Their presence was so constant that I sometimes wondered where they found the time to trade.

Your opinion about SMC/ICT