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- Hammertop replied Jan 21, 2023
Quite a few (if not all) commercial Trade Manager EAs offer the option to limit the max lot size. Plenty on the mql5 site with the option to try them. You just need to find the one you like best.
- Hammertop replied Jan 21, 2023
That's exactly what I was concerned about. Some people might be lead to think that's the correct way to go till the account is blown. If you know what you're doing, hats off to you though. For the record, a friend who was lured by buying ...
- Hammertop replied Jan 20, 2023
That sounds more sensible, and IMHO absolutely mandatory. I also just realised that I overlooked the picture and the overall gain includes other trades prior to that up move, so the R:R was .even worse...Insisting on this kind of trade management ...
- Hammertop replied Jan 20, 2023
I'm not sure I understand well: you went on and on selling on that up trend? If you don't mind sharing, what was the max drawdown compared to that $9 you got in the end? At a glance, there were about 30 pips on that up move (surely not extreme: even ...
- Hammertop replied Nov 14, 2022
Hahaha! 2 facetious posts and both on benajah's threads? Might you be someone who has been blocked by him? For sure your will to learn or understand rather than complain seems very little motivated
- Hammertop replied Nov 14, 2022
Well done! Looking forward to SA #2 I usually trade normal Forex pairs based on strength, but I'm trying to approach indexes as well due the high volatility and possibly fast trades.
- Hammertop replied Nov 14, 2022
Thanks for sharing. Could you please expand on the SL? If you don't wait for the bounce, wouldn't the hit rate be quite low, especially on the US30? Which wouldn't be a problem if you do trade with that R:R but I'm just curious what the average ...
- Hammertop replied Nov 8, 2022
Way to go, mate! After all what we need to succeed, as George repeated many times, is only a little edge, which is momentum on our side, but the most important role is played by trade managemeent. The sooner we get that the ...
- Hammertop replied Oct 31, 2022
...and another one. SL moved to b/e at +9 pips then price cruelly and quickly reversed and took my stop. Capital was preserved. Next one around the corner...
- Hammertop replied Oct 31, 2022
About trade management I'd like to show a sequence of a trade I just closed. Easy to show only winners but I think that losers can teach us more than the former at times. Beside being right or wrong to open it where I did, Pic 1 shows the entry. In ...
- Hammertop replied Oct 30, 2022
Hi mate. Sorry for late reply but I seldom read FF nowadays (just for fun). I personally don't use a number of pips cast in stone. Bear in mind I trade M1, so, too close will wipe me out far too often. It's just a visual thing and a feeling by ...
- Hammertop replied Oct 4, 2022
By "as soon as possible" I mean giving it a little room to breathe. Sometimes I just start moving the stop closer before taking it to b/e. I'm sorry but there is no hard rule. Quite some trades will end up at b/e. We just need to wait for the next ...
- Hammertop replied Oct 4, 2022
Hi. Sorry for late reply. I just move the stop to b/e as soon as possible and trail usually on M1. No predefined rules.
- Hammertop replied Jul 29, 2022
Although I don't belong here (not enough patience to trade such high TFs: I was just lurking around), I think I can answer that question. Just set up the fibo tool as you see in the picture. Hope that helps.
- Hammertop replied Jul 20, 2022
That's amazing, BlueRain. Just what I was looking for. Thank you so much
- Hammertop replied Jul 19, 2022
Thanks very much, tintep. It looks like it has the same source code but someone modified it to add a button. I will check out the website mentioned in the code which I didn't know.
- Hammertop replied Jul 19, 2022
I'm sorry but that's all I have. I don't even remember where I downloaded it. Unfortunately the website mentioned in the code doesn't even exist anymore EDIT: I just did a quick search on the Internet and quite a few sites provide it. ...
- Hammertop replied Jul 19, 2022
Hello. Any chance to add 2 options to this ATR indicator in order to change both the period and the time frame on which the ATR is calculated? I believe by default the period is 7 and the time frame is D1 at the moment. I would really appreciate it. ...
- Hammertop replied Apr 1, 2022
Ok, thanks for clarifying a bit and for the new version. I will give it one more try. As for the problem I reported (not closing a a positive trade that went up to 65 pips and then retraced back to negative) could that be related to a temporary ...
- Hammertop replied Mar 18, 2022
Just posting this one to keep the thread alive and to point out once again how good this strategy is, if there was still need. I decided to close as the price didn 't shoot up through the high of the day. I'm a bit puzzled as to why nobody ever ...