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

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Samiul Alam
280
Samiul Alam  
  • 6%
    (2)
  • 23%
    (8)
  • 20%
    (7)
  • 29%
    (10)
  • 23%
    (8)
Total voters: 35
anurag bhargava
482
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
3209
Jose Francisco Casado Fernandez  
All the things mentioned are important, but in my opinion, money management is vital. Regards.
Beijing Wangshunda Technology Co. Ltd.,
365
Xiaoyu Du  
Plan
Vitor Oliveira
330
Vitor Oliveira  
As someone above said, money management is vital.
whroeder1
15321
whroeder1  
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    • You place the stop where it needs to be - where the reason for the trade is no longer valid.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
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