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Another at first, second, etc. - delusional idea, a fried beard, meet - "A no-loss system with elementsof martingale for the poor"!
I think there is more psychology in the market than mathematics
What is a psychology in the market? Explain it to me.
Do not confuse the commodity market and the currency market. Currency is primarily for settlement and lastly for investment and speculation.
So the only psychology in the Forex market is your own, and no one else's. But it does not affect the market.
There is no "psychology of the crowd", "bulls", "bears" and other romanticism in Forex.
I think there is more psychology in the market than mathematics
What is a psychology in the market? Explain please.
Do not confuse the commodity market and the currency market. Currency is primarily for settlement and lastly for investment and speculation.
So the only psychology in the Forex market is your own, and no one else's. But it does not affect the market.
There is no "psychology of the crowd", "bulls", "bears" and other romanticism in Forex.
If the theory does not bring practical results, then it is an empty talk, discard it (the theory) without regret! :)
The reversals, waves - the notions are so vague (in realtime, of course), that they all are not just ideas, but some kind of metaideas, far from being actually implemented in the robot code. To be specific, the thread won't turn into a fruitless rant about philosophical principles of being...
Matemat, what do you think about closing trades with small take profits?
I think there is both market psychology (similar to the psychology of crowds) as a bigger system and trader psychology as a smaller system. it is useless to study market psychology - it just wastes your time. it is important to understand yourself.
then... concerning mathematics. it is essential! and more from the money management perspective. Then you must know about mathematics, because money management can ruin a good system and pull out a less profitable one. After all, trading is simple in itself.
basically, what I write is more of a flood. because I don't share ideas, due to lack of them.
my principle is the importance of a set of tools. and everyone has his own.
to finish a quote from "Vatel" : Harmony and Contrast. That is what beauty is made of. (c)
including forex ;)
Leonid's post that suggested mixing a lot of seldom but aptly, probably trading, into one EA has slipped and disappeared... (Already jammed, or I've become blind:)) The idea has been floating around for a long time and I want to try it, but I have only 2 Expert Advisors, so it would not be enough ...
I have one more subset of this idea: the market is conditionally divided into 3 phases: 1.UPTREND 2.DOWNTREND 3.FLAT. For each of these phases (for the first and second, one EA will do), we select an EA whose task is to chop a cabbage in "your own zone" and not to severely lose money in someone else's zone (that's all). And then there are 2 options: either parallelize them all, each of which works with its own orders, or transfer the order management from one to another estimating the current situation. Of course it may come down to "Who knows what is around the bend?", but taking into account that the change of trend (especially on higher TFs) occurs less frequently than its continuation, and all we have to do is to earn more than to lose, it may work.
Z.U. I am going to try it now.
I think that with your ambitions (without sarcasm) it would be better to choose profit not by small amounts, but by waves that you try to catch - well, not by 100%, but at least by 40. In any case, it will harmonize with the source from which you picked up your system. Remember the truism: "let profits grow, limit losses"?
And you shouldn't strive to bring absolutely all trades to profit. Better instead to optimise the profit factor (say 5 is already very good). Pardo seems to have a very good optimization criterion, but I don't remember it now. It's definitely not the maximum profit.
P.S. The good thing about swing trading is that the result of a trade (modulo) is roughly proportional to its holding time (with a small spread, or rather variance). This implies that the deposit changes roughly in proportion to the time. And you have trades with a result of a few pips and a few hours of holding time. Why do that when you can ruthlessly cut off a trade with a move against you and open the opposite one?
By the way, someone once wrote that stochastics are asymmetric, saying that you always lose on shorts.
There was such a topic. They sorted it out and came to the conclusion that stochastic is symmetric and the problem was elsewhere.
But the trend in stochastics must be taken into account.
I think that with your ambitions (no sarcasm) you'd better select the profit not by a bit, but by waves, which you try to catch - well, not by 100%, but at least by 40. In any case, it will be in harmony with the source from which you got your system. Remember the truism: "let profits grow, limit losses"?
And you shouldn't strive to bring absolutely all trades to profit. Better instead to optimise the profit factor (say 5 is already very good). Pardo seems to have a very good optimization criterion, but I don't remember it now. It's definitely not the maximum profit.
Mathematician, by 5 do you mean stop loss or take profit?
And you're right about maximum profit, you can't make all the money. :)