Come across your forum accidentally . thanks for the investor account on the demo for the forexstay signal.
I am a programmer by profession and I do write EA as well. I have come a across many strading strategy. What is good I retain. Following is what is I think is crucial to stay in market long and profitable:-
4 main things that are important
1. The risk reward ratio must be good. At least 1:2 . The bigger the better.
2. Improve your winning rate. Refine your winning rate will greatly enhance the profit.
With high risk reward ratio 1:2 , not matter how back you are you only need to be right 35% to breakeven.
All you need is finding a good setups Good setup most of time appear at trendline bounce or trendline break out on daily or 4hr.
Where your stop is less and it have better reward.
3. Open trade base on risk percentage and your stop loss pips size. Let say you have account $100 and you willing to risk 5% for each trade
with a stop loss of 50pips and Tp 100pips. So you will be opening 0.01 lot . If Stop loss is hit you will be losing $5 and when Take profit you will be collecting $10
Lot size to risk = ( ( (RiskPercent/100) * Equity ) / stopLosspip ) / PipValueOfThatCurrency
With this you will know how much is risk loss each time and you can with stand how many times. Let say you risk 2% mean you have 50 times to wipe out your capital.
4. Improve the exit by dividing your target to multiple exit. Let say you have 0.03 Lot open with 1:2 risk reward ratio and you exit and close 0.01 Target 1 at 100% target move to BE+spread
and exit the 2nd target at 200% and close 0.01 plus and the last 0.01 leave it run until it reach another major resistance or there is break trendline. This would maximize the profit if the trend continue.
HELLO DEAR MEMBERS
I AM SO INTERESTED TO FIND A WAY TOGETHER A SAFE HEDGING STRATEGY ,
I THINK A WISDOM HEDGING STRATEGY WITH A STRICT MONEY MANAGEMENT RULE
CAN CHANGE TRADING BUSINESS FROM RISKY TO A SAFE , YES I MEAN EXACTLY A SAFE
BUSINESS...
AND WE CAN STAY IN THE MARKETPLACE AS LONG AS WE WANT AND FILL OUR POCKETS
FROM BANKS AND BIG HEDGE FUNDS AND SMART MONEY PROFESSIONAL TRADERS $$$$
I HAVE SEARCHED A LOT ON INTERNET BUT AS MUCH I HAVE SEARCHED THE NET
AS LESS I FOUND A GOOD STRATEGY THERE...
SO PLEASE PUT YOUR COMMENTS , IDEAS , FINDINGS AND INFORMATION THAT YOU TRIED THEM
AND GOT ANSWER FROM THAT METHOD...
PLEASE DO NOT FILL HERE WITH ANOTHER WEBSITES OR BLOGS LINKS ....
WE DO NOT WANT A LOT OF USELESS INFORMATION , WE ONLY NEED EXCELLENT AND PROVEN
INFORMATION HERE...
I APPRECIATE ALL YOUR OWN SELF PROVEN STRATEGIES EVEN IF YOU THINK THEY ARE LITTLE
OR HAVE WORTHLESS INFORMATION IN THEIR HEART.
THANK YOU SO MUCH AND I WILL PRESS YOUR HANDS WARMLY
YOUR FRIEND
SEYEDMAJID MASHARIAN