take the opposite trade solution - Page 3
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Thread: take the opposite trade solution

  1. #21
    Interesting article http://www.fxempire.com/eduion/advan...rading-system/, titled How to undo a losing MT4 expert advisor into a profitable Currency Market trading system?

    Their decision: Our conclusion is that loing a consistent loser for a reverse trade egy is as hard as finding a consistent winning EA.

  2. #22
    Quote Originally Posted by ;
    I started a demo account. I soon found I have a special talent for losing money like I went from 20k to 10k in a couple of weeks. So I believe that the answer is quite simple and all I have to do is choose the opposite position to the person I think I should consider.
    With EA at least you understand that system/rule is obey without emotion and as a consequence of that benefit when you reverse most losing EA you receive temporarly little win profit for a particular period of time.

    However, when it come to human talent in losing reversing signal won't ever succeed because human emotion alway get in the way, it's probable you will stop reversing your signal that the initial 20 trade. You may come to some SHOCKING realization that you reverse the 20 gift losing signal and STILL LOSE . . .Which can just MEAN 1 thing... drum rollllllll -- You actually have a gift in WINING


    But these talk if individuals doesn't recognize it is very heavily depend on plogy ability....
    Controlling/believe your EA will triumph in the future need plogy
    Even in the event that you've got a FIX mm platform, fix sl and tp system... It still need Plogy to stay with what you think UNTIL THE END of your LIFE.

    The difficulty I see is that most individuals do not 100% believe in anything they haven't actually successfully DONE in actuality and that require time.

    So ask yourself, building an auto isn't difficult, companies already build car so that you already understand that. You believe that certain it's not impossible.
    But before you actually build a car yourself. The LOGIC of you being able to build an automobile because individuals have DONE ... is impossible.

    It is a significant barrier to master plogy.

  3. #23
    Quote Originally Posted by ;
    It is a significant barrier to learn plogy.
    Plogy does not have to be a issue.

    People make it a problem because they overleverage themselves mentally. Many traders wish to generate a sizeable income too fast, and/or they find presentation or microlots (10c/pip) too boring. However, they should persevere with microlots, then only increase standing size when both their account dimensions, and their belief in their egy, justifies it. Rushing into trading lot sizes that are too big, and with less than complete assurance in a egy, is simply asking for trouble.

    Second, by applying a little intelligence and self-honesty, it isn't difficult to ascertain whether one's biggest plogical problems lie with entrances, or exits. For most people, it is exits, and understandably so, since that's when there's money at stake. Hence it is arguably better to plan the trade in advance, such as predetermined SL and TP amounts, when feelings are somewhat less compelling. Afterward, unless it could be shown objectively that market probabilities have changed, there is not any legitimate reason to correct these amounts while the trade is in progress. Hence if exits are a issue, simply set a TP or a trailing SL, and wander away from your computer.

    Thirdly, traders must trade only with money that they can afford to lose. As the saying goes, scared money never wins. Know the risk before entering a trade, and whether or not it causes feelings of discomfort, either reduce position dimensions or do not take the trade.

    Also, setting goals can cause difficulties. For starters, earnings from trading does not necessarily arrive in a constant amount of $X each week or per month. If a goal is not being fulfilled, the trader is forced to overleverage himself, or overtrade (i.e. deviate from his trading plan).

    Above all, if a trader does not have 100% assurance that his egy (both entrances and exits) is profitable, he will never be able to exchange it consistently, especially if he encounters a couple of losses.

    The main point is that we're able to make trading plogy as easy or as complex as we wish to. But we shouldn't fool ourselves only after demoning that we've got a true methodological advantage should we ever start to look at emotions as the primary cause of any trading collapse. If we don#8217;t even know how to trade profitably, then no amount of discipline, positive thinking or ptherapy is going to suddenly make us a winner.

  4. #24
    Bubayaga, IMHO, your stop loss is too tiny. It'll get hit 95% of the time and drain your account.
    Such small stop is just for really, really goooood traders.
    You need to spend time studying tape. Only you may loe your time period and speed of trading.

    Good luck

  5. #25
    I wish 95 percent had been the case because then swapping the tight stop levels for tight tp levels might have been powerful.
    I think I'll leave the straddle idea alone for today. Might revisit it later. or not.

  6. #26
    That is a good call..not that exchanging places hasn't worked for a few traders but they possess the required trading expertise . .good luck.

  7. #27
    You have a very long way to go. But to acknowledge that you're constantly losing is an excellent beginning. Try another thing - trade the exact same manner, just with the tiniest place on a huge demo, but never put a halt to any of those positions. Place and leave them. You may be surprised after a while And there'll be many more questions after that. .

  8. #28
    OK SO why market manufacturers use reversal trading to make millions usd???

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