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Trading Systems: The Golden Rule of Traders

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MetaQuotes Software Corp.
Moderator
182417
MetaQuotes Software Corp. 2012.06.15 12:38 

New article The Golden Rule of Traders has been published:

In order to make profits based on high expectations, we must understand three basic principles of good trading: 1) know your risk when entering the market; 2) cut your losses early and allow your profit to run; 3) know the expectation of your system – test and adjust it regularly. This article provides a program code trailing open positions and actualizing the second golden principle, as it allows profit to run for the highest possible level.

Author: Genkov

noonehastherighttojudgeanother
235
noonehastherighttojudgeanother 2012.06.21 01:51  

Very interesting article.

could this line be an error?

if(High[1]<=Fb11 && High[1]>Fb11+Fb10)
{
newSL_S=Fb11;
}

perhaps it should be:

if(High[1]<=Fb11 && High[1]>(Fb11+Fb10)/2)
{
newSL_S=Fb11;
}

MQL4 Comments
16319
MQL4 Comments 2012.09.20 08:15  
Great article you have going here, please continue! I like the clean charts and the detailed openness on trades you're taking/have taken. Hope i can also post up some value-adding charts as time goes by. You can also visit www.ikonfx.com to find the articles which I written about it
MQL4 Comments
16319
MQL4 Comments 2012.11.04 17:09  
I just skimmed the article, that's really a great summary of exits.
MQL4 Comments
16319
MQL4 Comments 2012.12.27 14:54  
I am new on this software. Can anyone guide me that how I have to use these files? I know this would be offending but I am sorry and I appreciate for your help.
1stepbeyond007
7
1stepbeyond007 2013.09.03 21:14  

hey how to apply this things..I can't understnad

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