What's the most important part of a Forex trading system?

[anurag bhargava]

its a mix of everything,if u really want consistency,then have to focus on everything.

there are certain pillars which support your skills,so cant miss anyone .

but in my opinion should learn first is to when to enter a trade,and then comes everything after that. 

[Jose Francisco Casado Fernandez]

All the things mentioned are important, but in my opinion, money management is vital. Regards.

[[Deleted]]

Plan

[Vitor Oliveira]

As someone above said, money management is vital.

[William Roeder]

Vitor Oliveira: As someone above said, money management is vital.

Definitely

1. In code
   • You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
   • Account Balance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the SPREAD, and DeltaPerLot is usually around $10/pip)
   • Do NOT use TickValue by itself - DeltaPerLot
   • You must normalize lots properly and check against min and max.
     
   • You must also check FreeMargin to avoid stop out
2. Use a GUI: Indicators: 'Money Manager Graphic Tool' indicator by 'takycard' Forum - Page 5