- Modify an Order Help!
- Questions from Beginners MQL5 MT5 MetaTrader 5
- Checking the minimum stop in EAs published in the marketplace.
Demo trade without a stop. Once you have results from a few hundred trades work out maximum adverse excursion statistics for the profitable trades. That gives you a reasonable starting point. If the stop is too big, reduce position size. You'll soon discover if you have a genuine edge.
The best what we have from the nature is our feelings, if you feel that it is not your trend close your position, better to stop your losses earlier then after some time when it will be 'very big'. for me better to open new position and close the possition it small '-' then wait for a long time for good time of the order, it takes a lot of time and nervous!
You need to apply correct money management to keep your account alive.
SL "size":
Depending on the time frame you trade on, you have to adjust your SL accordingly. It is clear that a day trader is using a different SL than a swing trader.
Risk per Trade:
But they both need to apply the same money management, which is ideal to be 2% equity risk per trade.
Lot Size:
This affects the lot size of course. The deeper the SL, the smaller the lot size
Percentage Ratio:
Depending on the system, it is necessary to keep a "healthy" win / lose ratio.
If your trading system keeps the rule TP / SL = 2:1, then a winning ratio above 40% is acceptable
Hope that helps
Setup your stop losses near important support and resistance levels.
Thanks for all your helps and advices! It seems i have many things should to study.
I prefer to use ATR in my S/L calculation. Thus, the vola of the last n-time points can be considered.
do you know teamview.exe version 6.0 . it is able remote computer and i can learn knowledge from everybody. hi. what do you useful for a beginner in forex market?
regards for you!
look, your question has only one answer - you have got to have the courage to risk your money because that is that forex is about.
but - you can't have the courage to risk your money if you don't have some extra 20,000$ to trade with.
in order to profit in forex - you've got to have money to make money.
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