Thomas Woody
Thomas Woody
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6+ years
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2
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101
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Thomas Woody Published product

The Fibonacci Wizard looks for divergences indicating potential reversals.  When a divergence is detected, the EA will open 1 trade with a profit target based on user selected Fibonacci Retracement level.  If another divergence is detected prior to reaching the profit target, the EA will open another trade of the same size and recalculate the profit target.  This will be attempted until a profit target is reached or the EA reaches the user defined maximum number of open

Thomas Woody
Trading is hard. Even the little mistakes can have a negative impact on your bottom line. Below I have shared mistakes that I’ve made in the past, grouped into 4 different categories. Hopefully you can avoid these mistakes yourselves...
Thomas Woody
Thomas Woody
Excited about my new VPS! Way better than Amazon's EC2 and Lightsail!
Счастлив, что получил новый VPS! намного лучше, чем Amazon AWS!
https://support.routerhosting.com/aff.php?aff=792
Thomas Woody
In this series of blog posts titled “The Goal,” motivated by a book of the same title, we have been talking about how traders can sometimes lose the big picture. We have looked at the downfalls of trying to live up to labels or “putting ourselves in a box...
Thomas Woody
In my last blog I talked about how easy it is to get distracted from “THE GOAL.” As traders, our goal is not to have a high winning percentage, a low risk/reward ratio, low drawdown, or a high rate of return. Our goal is simply to make money...
Thomas Woody

The Goal

19 August 2019, 08:11
The word “trading” by itself is not very specific as it can refer to a variety of financial instruments and strategies. Think of the following questions you may ask yourself or be asked by others: · What kind of trader are you...
Thomas Woody
In my last post, I said I’d provide an update after the first of the year. Well it is now May, so I guess it qualifies as “after the first of the year.” In the earlier part of the year I did very little trading with my live account. I was running two strategies on my demo account...
Thomas Woody
Thomas Woody
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Thomas Woody
Recently I decided that I needed to pause the two automated trading strategies that I had been running. One had been tested to the point that I was comfortable running it on my live account and the newer one I was running on my demo account...
Thomas Woody
I still remember what my 6th grade computer teacher told our class on the first day of the semester. We were using Commodore Pet computers at the time and a lot has changed since then but the concept hasn’t...
Thomas Woody
Stupid Things I Do! Part Deux Hello traders, welcome to Part 2 of Stupid Things I do. The items I’m listing today all stem from having an attitude about trading that is way too relaxed or just straight up not being in the right frame of mind. 1...
Thomas Woody
I’ve heard it said many times that it is best to learn from the mistakes of others instead of making the mistakes yourself. I completely agree with this philosophy. However, I also believe that pain is an excellent teacher...
Thomas Woody

A Robot Pit Crew

13 September 2018, 19:40
I am not a profitable trader… yet. Why start my very first blog post with these seven words? Consider it a confession and a goal. Why confess...
Thomas Woody
The currency I trade the most frequently is the USDMXN. My dedication to this currency pair has been an evolving process. It all started when I watched a video by Rob Booker describing the consistency of USDMXN price action in the morning...
Thomas Woody

Linus's Law

13 September 2018, 19:25
One of the podcasts I enjoy listening to during my 2 hours of commute time each day is "How I Built This", it is a podcast in which Guy Raz from NPR interviews entrepreneurs and innovators. In a recent episode, Guy was interviewing Jimmy Wales, the founder of Wikipedia...
Thomas Woody
When I was stationed on a nuclear submarine, we had a rule we called the 50/50/90 rule. It was something like this, "if a sailor has a 50-50 shot of guessing something right, there is a 90 percent chance they will get it wrong...
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