For forex traders:

Discussion in 'Trading' started by Forexer Guru, Aug 7, 2024.

  1. @trader221
    yes, you cant quote assets below zero. you use lot size. and the lowest microlot you can use is 0.01
    see the pic below.

    @PPC and @maxinger the 8 hours are over
    see the outcome


    upload_2024-8-7_20-24-15.png
    this pic is from my demo account,
     
    #11     Aug 7, 2024
  2. @trader221 i have highlighted the lot size in the screenshot below.
    of course this is my demo account
    upload_2024-8-7_20-43-49.png
     
    #12     Aug 7, 2024
  3. maxinger

    maxinger



    The way you track your performance is very bad.

    STOP : 1.3791
    Entry price : 1.3768
    Exit price : 1.3737

    max loss : 23 pips
    profit : 31 pips

    reward : risk ratio 1.3:1



    Your reward-risk ratio is very bad. You should aim for 3:1
    You can't get a good RR ratio if you miss the boat.

    As mentioned, you were not alert in your trading / scalping or whatever.
    By the time you entered, the day range has decayed badly.
    Notice that the day range has been decaying over the past 3 days.

    PS :
    As you are a scalper, your max loss of 23 pips is very huge!
    You have to revamp your trade plan to bring it down.


    Please try again and work on your area of weakness.
     
    #13     Aug 7, 2024
  4. I will respond to your post in three months.

    However, let me share my perspective on this. In today's trading environment, we're leveraging the power of AI. AI forex traders like myself use sophisticated algorithms and machine learning models to execute trades. These systems don't necessarily adhere to a fixed reward-to-risk (RR) ratio like 3:1.

    In AI-driven trading, predicting both the trend's direction and the holding time are critical components of a successful strategy. If a trade hasn’t reached a 3:1 ratio within a specific time frame, such as 8 hours, it’s often more practical to exit the position rather than waiting indefinitely. AI systems are designed to adapt to market conditions dynamically, rather than sticking to rigid rules.


    See the screenshot below to understand what I mean
     
    Last edited: Aug 8, 2024
    #14     Aug 8, 2024
  5. upload_2024-8-8_10-36-17.png
     
    #15     Aug 8, 2024
  6. maxinger

    maxinger

    Your AI has made 2 or 3 fatal mistakes.

    Fine. Go train the AI.
    And in 3 months time, if your AI still cannot make you profitable,
    throw it into the Hell in Mount of Doom.
     
    #16     Aug 8, 2024
  7. I give you a BIG DISLIKE

    Your views are not important because you can see my AI can outperform you
     
    Last edited: Aug 8, 2024
    #17     Aug 8, 2024
  8. my AI in ACTION
    EURGBP
    A pair that is LIKELY to present a buying opportunity in the next 6 hours

    upload_2024-8-8_12-40-16.png
     
    #18     Aug 8, 2024
  9. For gamblers EURGBP
    nothing guaranteed

    upload_2024-8-8_13-22-44.png
     
    #19     Aug 8, 2024
  10. nothing guaranteed here

    upload_2024-8-8_14-3-1.png
     
    #20     Aug 8, 2024