Real help....please please...any profitable indicator???
The first thing you should do, when you find yourself in a hole is stop digging. You should have practiced with a demo account until you were consistently profitable. You lost your money. Your mistake, learn from it. Your want is irrelevant.
Trading forex Always comes with a risk and one important thing is to NEVER invest more capital than you can afford to loose! A basic important rule never to be broken.
Trying to get the Money back in a hurry now will only make you even more frustrated and this can cause even bigger losses. It's better to accept that you failed, now you learned a hard lesson.
Trading forex Always comes with a risk and one important thing is to NEVER invest more capital than you can afford to loose! A basic important rule never to be broken.
Trying to get the Money back in a hurry now will only make you even more frustrated and this can cause even bigger losses. It's better to accept that you failed, now you learned a hard lesson.
That's true.
Consider the lost money as tuition fees, in your way to learn how the forex market works.
That's true.
Consider the lost money as tuition fees, in your way to learn how the forex market works.
My mother always said "what you lose is the price of your education".
agree with her.
sometimes we spend money with other little things,go out for dinner,cinema,buying expensive shit.
if you put all your money that you are spending with this shit into forex,you will receive more than you would with this itens.
The first thing you should do, when you find yourself in a hole is stop digging. You should have practiced with a demo account until you were consistently profitable. You lost your money. Your mistake, learn from it. Your want is irrelevant.
Whoreader,trust me,DEMO is totally different from Real Account.
use demo to test your strategy.
so many strategies work and when using demo everything is beautiful,but the problem with the trades is the psychology,this is why so many trades lose money and this is why they cant use demo,because the pain of loosing real money is bigger and its hurt the feeling.
other problem is that people want to jump the first step,that is LEARN. all of them want to make money. This is why they lose all money. If everyone open real account and use microlot 0.01,maybe they lose all their money,but they will learn so much !,but not,they want to get money before learn.
Demo is waste of precious time, because time = money.
The real learning comes when your hard earned money is on the line.
Forum on trading, automated trading systems and testing trading strategies
Simple Ichimoku System - rules for the systems
Sergey Golubev, 2010.03.03 08:37
Stop loss and take profit.
Do not trade without stop loss. Especially if trading D1 or H4 timeframe. Stop loss value is the price of nearest dot or arrow (in most of the cases), or nearest support/resistance line (most often - borer of the cloud).
I am using price of dot/arrow for stop loss in most of the cases. Stop loss is not small by value for D1/H4 timeframe as we can see from the charts so we should have initial deposit enough to trade those timeframes.
Stop loss is moved by trailing stop. In my trades in the beginning of this thread I used trailing stop as 30 - 50 pips (4 digit pips). But in reality - it should be not less then 50. Stop loss should not be moved by trailing stop in aggressive way, especially on D1 timeframe. Let the profit run.
So, the trade may be closed by stop loss (moved by trailing stop). Or we can close the trade if price will touch/cross some support/resistance line (usually - border of the cloud) if we do not want to trade inside the cloud in ranging unpredictable market condition.
Classical Ichimoku indicator's stop los and take profit values suggested by the author of this indicator (Ichimoku Sanjin):
- if we are trading on the direction of the cloud so take profit values are Senkou Span A and Senkou Span B lines. Stop loss in case case can be somewhere outside the trend, or we can use Parabolic SAR indicator (Ichimoku Sanjin suggested Parabolic SAR indicator for stop loss in this case).
- if we are trading from the cloud so our stop loss should be somewhere near Kijun-sen line, next stop - Senkou Span A and Senkou Span B lines (borders of the cloud). Take profit in this case: Kijun-sen line reversal, or - how suggested the author of Ichimoku indicator - fix take profit value.
Generally - we can have 1 or 2 signals per 2 weeks per pair. And generally - we can have 100 - 300 pip (4 digit pips) per pair in a month (for D1 timeframe). It is just an averaging stats decribing by some traders.
Trading inside the cloud is one of the good trading technique to use this indicator. In this case the borders of the cloud (Senkou Span A and Senkou Span B) are support/resistance lines and some guiding lines for stop loss and take profit values (should be behind those lines), and we are trading on the direction of Tenkan-sen line inside the cloud in the ame way as we are trading inside the channel. Some traders are having the avegaring profit days as 40 pips (4 digit pips) just using this technique only.
But we all understand that in this case - the cloud should be big enough to indicate the ranging market condition. We can not use this technique in case of small cloud (flat).
Some traders stimated some stats for stop loss and take profit values for Ichimoku systems. We can use it for this system as some recommendations for example:
Stop loss (4 digit price pips):
- For M5 ... H1: some traders are using stop loss = 15 pips for all the pairs in any situation. Not for H4, D1 and W1.
- For H1 (in case we are trading on H1 timeframe):15 - 30 pips for EURUSD; 20 - 40 pips for GBPUSD; 35 - 50 pip for USDJPY; 30 - 80 for USDCHF.
- for H4, D1 and W1 timeframes: near the most strongest indicator's line or signal. For D1 it can be 100 or 200 pips.
- for H4, D1 and W1 timeframes: behind the cloud.
- for any timeframe: dot or arrow of PriceChannel_Signal indicator.
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Dear traders, programmers...
I am very disappointed about my trading results, and am in real need of any sort of help, I just want to get my lost money back, which was a total of 8 years of hard work.
I appreciate your kind support.