Recent content by tradethetrade

I think it is very important as we all know we should only enter a trade when we know what the loss and gain points are. The problem is that most traders don't have the discipline to follow either or don't know such rule exists, hence bad trading occurs. Having this parameter is essential as...

Lol, I should have been more specific. Let it run until your profit target is hit.

Have you found anything? Each trader/firm/fund has its own metrics to calculate trading performance. Retail traders are probably the ones that vary a lot. To me, the most important are Avg time on losing trades - the aim is to cut your losses short and this metric will tell you whether you...

Awesome advice provided by the community and I agree that the amount varies vastly by personality, markets and instruments. One point that was not discussed is the importance of spending some money on quality education first. We all have heard that the best education opens at 9:30 and closes at...

I'll give you my top reasons to daytrade and to give up daytrade. Top reasons are similar to yours Jdesey. Flexibility Earnings potential Excitement Simplicity Good work/life balance Status I quit daytrading because Loneliness Stress especially anxiety of FOMO fear of missing out. Degrading...

A few ideas to ponder. 1. Have you taken any courses? If you haven't, I suggest you stop right now and do so. 2. Go back to the simulator and backtest your strategies until you start making money consistenly for 1-2 weeks or within 30-50 trades. 3. You can open a forex account with a few...

This is easily programmable by a mt4 expert. You colud go to mql5.com marketplace and get it done for a few bucks.

This is my first post here so I won't spam with links, but there are much better tools to do basic and advanced backtesting that does not require programming at all. Even if you are really good at VBA, you'll get stuck at VBA's speed and architecture that were not designed for trading at all...