New To Forex and Need Advice! - Page 6
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Thread: New To Forex and Need Advice!

  1. #51
    Hi forexsoutheast.asia people,

    I'm new here and am overwhelmed with all of the articles on this website. So I gave I searching for now and chose this post in the hope that I'm posting this request in the ideal place. If not .... My bad, and please accept my apologies.

    Can somebody please advice me where to start looking for a semi automatic EA, with the following characteristics, ideally free:

    First trigger: guide commerce - Buy or sell thus one can use according any trading or system program.
    Initial lot: Fixed value or % of capital
    amount of PIPS or points either direction must traveling any leadership before (entered as a value), until 2nd condition activates:
    Second condition open another commerce: Again Buy or sell independent of initial trade with a lot size for a percentage of the initial lot or as a fixed value independent of the initial lot worth.
    Again an amount of pips must travel from second place prior to the 3rd buy or sell order is opened. Again orders must be independent from prior ailments.
    System EA must have the ability to open up to a max of 6 rankings per manual trade. This to allow some different combinations like:
    1st sell A amount Lot
    2nd sell B amount Lot after x pips
    3rd sell C amount Lot after y pips
    4th buy D amount Lot after z pips
    etc
    Safety:
    1) Maximum amount loss as a fixed value or as a funding percentage.
    2) Auto break even and variable amount of profit before break even is triggered. This must be applicable only before 2nd place is triggered and should hit to close the ea.
    3 Trailing stop
    P.S. System is based on both Martingale concept combined with hedge element. But with the possibility to adjust each individual worth separately to have complete freedom to adjust.
    Safety condition with the option to be turned off since you spot matches.

    Thanks in advance for any assistance or information you can provide.

  2. #52
    Quote Originally Posted by ;
    Hello forexsoutheast.asia members, I just started trading Forex about 2 months back and the previous 2 weeks I started trading seriously onto a demo account. (Feel free to check out my outcomes) And I do not know where to start. I love math so I know risk formulas. My Goals this week are : Discover how to use/make fashion lines Learn Order blocks/Order Flows Learn about other people's simple egies As of now I exchange through a few EMA's and other indiors, It is looking great but I'll share my egy when I have a bit more confidence in it. If you...
    Don't trade without a suitable plan. If there are doubts you should not be trading. If you haven't tested it you should not be trading, maybe not even in demo as you will gain bad habits.
    Don't take anything you read here at face value. There are a number of stone but there is a lot of shit.
    If you've got a egy test it on historic statistics for at least 100 trades per egy per pair per time period per time slot (aka time which you'll be trading at example: throughout the London session or from 3pm to 5pm).
    If you would like to use someone else their egy test it for yourself first.
    Don't rely overly heavy on indiors at first since indiors are futile without understanding how to read price action.
    After you tested a egy be sure to exchange it for a significant amount of time at a demo account so that you know you may implement it correctly and iron out any doubts so that you gain confidence.
    If you go live do not begin with all of your cash. Start small and add up to a reward for sticking to a plan that you know that works out of your testing and demo trading.
    Don't take a risk per trade aka 1 percent per trade but look in the maximum drawdown before a new high and figure out the % of maximum risk that you would like to take according to that.
    Don't concentrate on the cash but concentrate on the Procedure.
    Log all of your trades.
    Master the basics before trying to move on.
    Make sure you know the language.
    Last but not least provided that you do not give up you have a prospect of getting there.


    There you go
    If you have any questions feel free to ask.

    Thank you for reading

  3. #53
    Quote Originally Posted by ;
    quote Do not trade without a suitable egy. If there are doubts you shouldn't be trading. If you haven't tested it you shouldn't be trading, maybe not in demonion since you will obtain bad habits. Do not take anything you read here at face value. There are some stone but there's a lot of shit too. If you have a egy examine it on historical data for at least 100 trades per egy per pair per time frame per time slot (aka time which you'll be trading in example: throughout the London session or by 3pm to 5pm). If you want to use someone else their...
    Thanks! I knew a lot of the but I for certain discovered something amazing!

    Thank you! Cheers!

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