Greetings, fellow traders!
As a seasoned veteran of the financial markets, we've witnessed firsthand the transformative power of trading, its ability to elevate individuals to new heights of financial freedom and fulfillment. Yet, we've also observed the struggles of many aspiring traders, their goals & dreams marred by a lack of guidance and a clear...
Since creating the Logical Trading Indicator, my trading game has changed in a big and positive way. But I have been curious as to how I can make an automated strategy with it and how much it makes. The Logical Trading Indicator has many different signals and alerts that you can use to create your own trading strategies that work best for your trading plan.
Over...
In my trading career beyond having a strategy (actually multiple depending on market state and asset class) to base my trades on nothing has ever been as important as having a Trading plan. In this post I want to share with you my personal trading plan to help you create a set of rules that will help you stick to your plan and keep your emotions in check so that...
Taking AUDUSD as an example here, the spread is not the smallest relative to ATR nor the largest.
The formula to get a breakeven winrate is 1/(1+reward/risk).
Because we want winrate*reward = loserate*risk <=> winrate*reward = (1-winrate)*risk <=> winrate*reward + winrate*risk = risk (never 0) <=> winrate = 1/(1+reward/risk)
For example with a 20 pip stop,...
Let’s talk about SRC profits. We’ll talk about what they are, why you must have them, and how to generate them.
So let’s get started.
What are SRC Profits?
Lately, I'm seeing all of these YouTube videos showing claims like this where someone said, “I made $1,088 in profits day trading.”
Or someone claiming, “I made $1,253 in profits in three minutes.”
Wow,...
Same strategy. 4 options on how to manage trades.
Can use anything from a really tight stop and win very often but small to a very wide one and rarely win but win big.
Which method really makes the most money?
Let's look at the numbers after 100 trades:
Strat 1 with a ridiculous winrate and profit factor
=> 1 RR 95 Wins 5 Losses => Get 90R out!
Strat 2 with...
NYSE:AEP
People like to use indicators or oscillators many times to predict the next trend.
Actually they can help you, but they will always be late.
And above all, what do you do if they are in contrast with each other?
Most importantly, do you have a backtest that proves in the long run that their use is profitable and valid on multiple markets and assets?
We...
BITMEX:XBTUSD
BITSTAMP:BTCUSD
BINANCE:BTCUSDT
Timeframes on Ribbons: 1H -> 45H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
This Tutorial Idea Indicates some important trading signals of Bitcoin given by the indicator since 2018 January, in order to help users of the indicator learn how to identify opportunities.
Some Typical Trigger Signals:...
In this educational screencast I answer some of the issues I've been asked about by new traders. I emphasise in that profitability it is not mainly about methodology or indicators. It is about something pretty nebulous and unseen.
This post is compliant with Tradingview's house rules on text based posts.
