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Hasanboy Beknazarov
Predicting Future Prices on the Forex Chart
This is the closest and most painful topic for traders 🙂
📊 Research (Trader Statistics)
70–90% of retail traders lose money
The main reason is not lack of accuracy, but poor risk management
📈 Realistic Forecast Accuracy
Basic technical analysis: 45–50%
Combined approach
(trend + session + volatility): 52–58%
Professional systems
(algorithms + risk control): 55–65%
High-frequency / institutional trading: 60–70%
(but this is inaccessible to retail traders)
🎯 Very Important Point
In Forex, 60% accuracy is considered extremely high.
🧠 Mathematical Reality
If:
Win rate = 55%
Risk/Reward = 1:2
👉 You will be consistently profitable in the long run.
🎲 What does 50% mean?
50% is a coin toss
Up ↕ down
No edge at all
🎯 What does 55% mean?
55% is an edge
It may look small, but mathematically it makes a huge difference
📊 Example
1,000 trades
55% wins → 550 wins / 450 losses
If:
Loss = 1R
Win = 2R
Result:
Profit = (550 × 2) − (450 × 1) = +650R
👉 Conclusion
This is the real secret of professional trading:
not chasing accuracy, but edge + risk management.
This is the closest and most painful topic for traders 🙂
📊 Research (Trader Statistics)
70–90% of retail traders lose money
The main reason is not lack of accuracy, but poor risk management
📈 Realistic Forecast Accuracy
Basic technical analysis: 45–50%
Combined approach
(trend + session + volatility): 52–58%
Professional systems
(algorithms + risk control): 55–65%
High-frequency / institutional trading: 60–70%
(but this is inaccessible to retail traders)
🎯 Very Important Point
In Forex, 60% accuracy is considered extremely high.
🧠 Mathematical Reality
If:
Win rate = 55%
Risk/Reward = 1:2
👉 You will be consistently profitable in the long run.
🎲 What does 50% mean?
50% is a coin toss
Up ↕ down
No edge at all
🎯 What does 55% mean?
55% is an edge
It may look small, but mathematically it makes a huge difference
📊 Example
1,000 trades
55% wins → 550 wins / 450 losses
If:
Loss = 1R
Win = 2R
Result:
Profit = (550 × 2) − (450 × 1) = +650R
👉 Conclusion
This is the real secret of professional trading:
not chasing accuracy, but edge + risk management.
· 2
Bwalya Tambule
Added topic Uninitialized Variable Help
I have the below code in my EA. When I compile Order ticket is said to be uninitialized and the OrderSend value is said to need checking. How can i fix this? void DeletePendingOrder( ENUM_ORDER_TYPE type ) {
1
Bwalya Tambule
Added topic Array Conflict Help
I have the following functions below. When one function is called up with out the other being called up, There is no conflict. The conflict is noticed when order blocks have to be drawn on the chart. When both functions are called up, the order
3
Bwalya Tambule
Added topic Order Block Script Help make Indicator
I have attached two order block scripts that I coded. Any kind soul willing to help turn it into a indicator. Am sure the community will benefit from such kindness
6
Bwalya Tambule
Added topic Finding Highest High Of Bull Candles Only
//+------------------------------------------------------------------+
7
Bwalya Tambule
Added topic Help in simplifying my Peak High Low Code
//+------------------------------------------------------------------+ //| Get H
2
Bwalya Tambule
Added topic error order select value to be checked
I am getting an error on the below code( return value of order select should be checked). Anyone able to help with removing error. Have attached full EA code int CountPendingOrders() { int TodayslimitedOrders = 0 ; for ( int
1
Bwalya Tambule
Published code Equity Trailing EA MT5
This EA started off as a job to trail equity. I then added the function of managing individual trades.
Thereafter I added the facility of manually putting the price of when it can send a grid of pending order's.
This EA does not have condition set in it to open trades. You have to determine that if market moves to an area you
believe you would open a grid of orders if you were by your computer watching the market. No what this EA helps is
you wake up in the morning you see the area you a grid to open. PUT THE PRICE FOR THE EA TO OPEN A GRID OF PENDING ORDERS.
If the market reaches the area price you have set. The EA will send the grid and will manage those trades putting Stop Loss (if you set it)
trailing(if you set it). Today 13 Sep 2022 the EA generates has NO ERROR when compiled
· 1
11928
1798
Bwalya Tambule
Added topic Equity Trailing EA MT5
For those who have searched and found nothing. Hear you are. Make sure Allow algo trading is checked . Place on a chart of a currency whose positions are opened. Otherwise would have loved it works on any chart but could get it to do so.
· 1
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