HI Professor. Please can you explain more about automatic trading. I’ve heard about it but never really looked into it.
Hi, generally automatic trading is a trading via Expert Advisor also call EA. It is a code installed in trading platform like Meta Trader 4 which execute and manage trades instead of you. Of course, you have to know how to build and test strategy to achieve strategies which will have a chance to be profitable in the future.
I posit that the answer to this question will depend largely on the strategy you eventually decide on.
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Personally I know that it is possible to trade while working a 9 to 5. All you do is find a strategy that allows you to look at the charts once per day. Either in the morning or evening after work.
That’s what I do even though I do not have a 9-5 as you ask, but I got some sh*t to do with my time.
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Ohright yes I see, Thank you for helping me understand, I’m still a novice so still trying to understand!
Oh wow very sad!
I’ve only been on the forums for 2 weeks but I love and appreciate the help & wisdom I can get.
I appreciate and applaud you and Flamingo for taking your time out to help and answer my questions.
What is the next best FX forums to use if you Pro’s are migrating?
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If you’re working full-time, the D1 time-frame can be practical, you will just need to see the chart after the NY close, and set your entry and stop-loss orders from that. Forget about live entries and managing positions, set your orders, sleep, work and come back the next night.
Trend-following strategies fit this style. Plan your response if trend continues - you may wish to pyramid. Plan what you will do if price spikes in your direction.
Never set an entry order without an attached stop-loss order. After NY closes Friday night, don’t set any entry orders until it has closed Monday night.
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Thank you for your response, It’s made things a lot clearer for me!
I’m currently looking at the Camelback technique that Flamingo suggested so I will incorporate what you said about the NY Close and only enter after the Monday Close!
Sounds good. You could be more aggressive and start entering orders during the NY Monday session. But spreads when only Asia is open and has only just opened can be so wide that everything gets triggered: then when you look at the chart you find you have entered where price never reached and where you never would have pressed the buy/sell button if you’d been watching.
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Okay brilliant that’s good to know!
What is Pyramid?
Pyramiding can be used when you have a position which has gone well into profit but you expect price will continue moving in your chosen direction. As in trend-following.
It is simply adding another position to the one already open. The trigger for this could be another chart entry signal, or it could simply be the profit level the trade has reached. It’s recommended that the stop-loss for the initial trade is adjusted so that you are not increasing your capital risk.
It’s easier to do than to explain but it reduces your win rate so it’s worth demo trading to make sure you have the technique straight.
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I’ll miss you both @flamingoproxy and @Pipsteroid.
I learned so much from you two. The forums won’t be as fun and informative without you.
Thank you for all your contributions to the babypips forums.
Godspeed.
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I feel very lucky to get the massive help & wisdom I did from them 
If I would’ve made this post a day later I would’ve missed the opportunity! 
I don’t really know them as I’m a fresh novice to the forums however in the interactions I have so luckily had with them I can tell they are true professionals in their craft 
I will not take any of their advice for granted!
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hahah yeah I meant finishing, not quitting 
yes actually you are one hour infront and during winter even 2 hours (or was it the way around 
) non sense daylight saving…
yes you really should check the characteristic of each trading session, it seems that price moves sideways during asian session, trends during london and reveres during N.Y. session. so if you finish work at 5pm you could focus on N.Y.-session-pairs and apply a reversal strategy. Happy trading
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Trading while working a 9-5 job can be tough, but it’s doable! Some folks trade after work, focusing on specific currency pairs. Others sneak in trades during breaks, but it’s essential to stick to a plan and avoid impulsive decisions. Choose pairs that suit your schedule and learn to manage risk. Remember, patience and continuous learning are key to making it work.
Lower you daily trading count, and look for more stable pairs to work on.
Hey there! Trading while holding down a 9-5 job is definitely doable, but it requires some planning and discipline. Many traders find success by focusing on longer timeframes or swing trading, which allows them to make decisions without constantly monitoring the markets during work hours.
Some tips that might help:
- Set Clear Goals: Define what you want to achieve from trading and how much time you can realistically dedicate each day.
- Time Management: Use breaks or lunchtime to quickly check on your trades or set alerts for significant price movements.
- Choose Suitable Trading Times: If you prefer more active trading, evenings or early mornings might be better times to trade when you’re not at work.
- Automate Where Possible: Consider using trading bots or setting up automatic stop-loss and take-profit orders to manage your trades.
- Education and Strategy: Continuously learn and develop a solid trading strategy that fits your schedule and risk tolerance.
Remember, finding the right balance between your job and trading is key. It’s about making informed decisions and managing risk effectively. Good luck with your trading journey! 
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Hey! Great tips—setting goals and managing time are key. I agree, automating trades and having a solid plan really helps balance trading with a 9-5. How do you usually fit trading around your work? Any tools or strategies you recommend?
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Not sure if this is still an active topic, but I can write a bit about my journey.
I started trading 15 years ago, while working a 9 to 5 job. Very many late nights reading, studying, testing and trading in other time zones. I was lucky to be located in Europe where we can trade the US markets that are open in the evenings after most people have left the office. It was still tough going though, where my focus was split between my day job and trading the markets. I used any and all available time between meetings, coffee & lunch breaks etc to look at the markets.
Personally my brain is wired to only work on 1 thing at a time, so my trading wasn’t profitable at all. My problem was that I was too undercapitalized to go full time and my mental focus was sub-optimally split between my day job and trading. It was then that I decided to make a change and focus my 9 to 5 time on building up capital while continuing to learn so that when I was ready I could put all my mental focus on trading later.
I can say with confidence that I learned 10x more in my first year as full time than the previous 12 years combined. The extra mental overhead capacity makes all the difference.
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Now I trade on the daily at around 22.00 CET. I work as a bus driver. So there are plenty of breaks at 10 minutes or less where I can place trades. I like indicators, but I can’t bring my laptop to work so I am locked to the old ■■■■ indicators on the MT4 mobile app. Also I have just about time to log every trade to see what works. About 90 % of strategies does not work.