:o
25% daily?
How will you achieve that without either executing 40-60 trades a day or grossly violating money management rules?
I remember another thread in which it took considerable effort of various experienced people to make you understand that 5% daily profit over an extended period of time just isn’t feasible.
Now I see you aiming for five times that and, frankly, I don’t know whether to laugh or whether to cry.
O.
Precisely.
In my opinion indicators are only useful offering additional confirmation for decisions based on price action, candlestick patterns/formations, and basic support/resistance calculations.
O.
how could i set up in MT4…
Do one chart for 1M Timeframe, and another for 5M Time Frame,
Mr, you use pretty low TFs with your strategy?
how often do you trade in a week?? plenty of times???
Interesting thread.
Indicators are not necessary at all. Lagging factor makes them useless. Study “levels” and “candles”(price movement). Most important is money management and waiting for those A+ set ups that come only few times a week. Also, trade many pairs(all major pairs plus all major crosses). And most important of all distance yourself from the need for money from trading if you can’t do that you will NEVER make money trading. You need money? Get a job and trade part time longer time frames. I spend a long time working in the futures broker monitoring margins desc(if you know what that is) most people here are writing things they are clueless about.
I am gonna stick to the 5min TF Money. I get too many contradictions using both. 1 Min is good for taking fast scalps but im finding im just not quick enough to close the trade and price reverses. Have you gone live with this yet Money?
money get on chat man 