Who it is for: traders who trade single US stocks as CFDs. PropStockDip is a small add-on with a small return that changes a lot from year to year, not a main strategy...
After this guide PropDip runs on your broker's S&P 500, Nasdaq 100 or Dow chart, the panel shows the last cash close with RSI(2) and both averages, and you know what the journal says on a trade day...
I run a personal account and funded accounts from one Windows VPS and wanted trades from one to appear on the others without placing them three times. Below is how I set it up with plain MetaTrader 5, including the mistakes that cost me money first. Every account here belongs to me. 1...
After this guide PropFlow runs on your broker's FTSE 100 chart, and on USDJPY if you want the second module. The panel shows the next event day, and you know which journal lines to expect on a trade day and what they mean...
After this guide PropCorrelation sits on one chart of your account, you can read its headline in two seconds, and you know what the numbers in the matrix do and do not tell you. Time needed: about five minutes...
Fibonacci extensions are among the most used tools in chart analysis, and the claim behind them is a forecast: after a structure such as a double bottom, price has an elevated tendency to reach certain multiples of the first leg, and the zone from 1.618 to 2.0 is where moves end...
The idea is old and plausible. A trailing stop reacts to price, not to structure, and routinely hands back part of the gain. A structural exit should do better: flatten the position as soon as the second consecutive counter-candle on M5 shows the trade is invalidated...
A breakout setup in the US midday lull showed +0.90 R per trade at a 60% win rate, positive every single year since 2015. It would have been by far the best setup in my system. It was a bug, and the bug is one that any backtest with volume confirmation can reproduce...
"Can Day Trading Really Be Profitable?" by Zarattini and Aziz (SSRN 4416622) is probably the most read intraday paper of the last years, and the opening-range breakout it describes turns up in the Market and in the Freelance section every week...
Someone shows you a strategy with a 67% hit rate. Before you ask anything else, ask for the stop and the target. If the stop is twice as far away as the target, 67% is exactly what a coin flip produces...