Two free M5 trade ideas for today's London session (Prague time). Each idea expires at 13:00 Prague if price never reaches the entry. M5 | XAUUSD | SELL | Entry 3972-3975 | SL 3983 | TP 3955 Reason: M15 and H1 downtrend; sell an M5 rejection at the M15 EMA20 / broken 3975 support...
Hello, friends! Today I would like to talk about a word every trader knows, but one that raises more questions in practice than it seems: breakeven . Moving a stop loss to the entry price sounds simple...
You can open account at Roboforex with "CMNS" affiliate code to support me! Guide on opening Roboforex trading account here https://profitwinningsystem.com/how-to-start...
Calendar (Prague time, CET): 08:00 UK GDP, Q3 preliminary and September (GBP, risk sentiment) 14:30 US initial jobless claims (XAUUSD, NAS100, EURUSD) 16:00 US existing home sales (USD) 17:15 Fed's Goolsbee speaks (XAUUSD, NAS100, USD) 19:01 US 30-year bond auction (XAUUSD, NAS100) 20:30 ECB Pres...
BTCUSD: BUY 74000, SL 72000, TP 95000. The Freshforex birthday celebration continues! To celebrate our 22nd anniversary, we are offering: Swap-free trading until November 15! A 220% drawdown bonus from $220! Double cashback — up to $40 per lot...
This is a short guide to KIZAMI for gold traders on XAUUSD M5: what each part of the screen means, the few settings worth knowing, and how a trading day looks with it on the chart. The short version: every signal arrives with its own Entry, TP1, TP2 and SL, so the plan is fixed before you click...
Many MetaTrader 5 prototypes look fine on a single demo symbol in Strategy Tester yet fail silently—or oversize risk—when deployed onto real multi-asset or prop-firm accounts. Below are five concrete execution and risk guards we build into production MQL5 Expert Advisors. 1...
Is Drawdown Protection Essential in a Forex Copier? — COPYLATOR – MT5 Trade Copier Product link: https://www.mql5.com/en/ market/product/191385 The question sounds as though it should have a simple answer. Either a Forex copier needs drawdown protection or it does not...
Tilt and FOMO are two words traders borrowed for a familiar state: after a loss, or after watching a move run without you, decisions start to come from emotion instead of the plan. Emotional trading is part of trading psychology that no amount of strategy work removes...
Trader burnout and exhaustion are part of trading that few people talk about. Long screen hours, short nights, markets open around the clock and money moving on every tick add up. Mental health in trading is not a side topic: a tired trader makes different decisions from a rested one...
Overtrading and the lack of a daily loss limit are two of the quiet causes of a damaged account. Neither feels dramatic in the moment: one more trade, one more chance to make the day green. Together they turn a normal red day into a large one...
Revenge trading is one of the most common ways a normal losing trade turns into a bad day. It is part of trading psychology that almost every trader meets: a stop loss is hit, the market moves on without you, and a few minutes later you are in again, often with bigger lots, to win it back...
This is the user guide for DuoFX Trading Psychology for MT5 and MT4 , a trading discipline tool that watches every trade on your account for revenge trading, overtrading, losing streaks, the daily loss limit, trades without a stop loss and trades outside your planned hours...
This week I failed one of my own portfolio tests, and the fault was in the ruler, not the strategies. Early on Wednesday a five-part portfolio of my research legs cleared the return-to-drawdown line I had set for it...
The MT5 report lists two streaks side by side: the maximum consecutive wins and the maximum consecutive losses, counted in closed trades. A losing streak is the number buyers worry about...
JET Market Monitor US500 is a new indicator for MetaTrader 5 that shows the stocks that make up the S&P 500 index (about 500) in one panel, right on your chart...
Trading Pullbacks Through a Thermal Camera: Meet THERMA-X PRO Every trend trader knows the problem. The trend is clear, but when do you get in? Buy too early and the pullback keeps running against you. Wait too long and the move leaves without you...
Not all currency pairs cost the same to trade. A pair that moves a lot can look attractive, but if its spread eats a big part of that move, there is less left for you. Here is how the three groups of pairs differ, and a simple test to compare them...
GoldFever MT5 and MT4: daily breakout trading on gold with controlled risk GoldFever is an Expert Advisor for gold (XAUUSD and the symbol names used by different brokers) that trades breakouts of the previous trading day's levels...
https://www.mql5.com/en/market/product/207774 Adding a colored Moving average to renko trading can filter out bad trades. After a box forms pullbacks to boxes and using the MA to filter, the trader can stack odds in favor...