Ask @ Elite to have a look for you when he's freeOriginally Posted by ;
https://www.forexforum.co.za/trading...newbi-log.html
Ask @ Elite to have a look for you when he's freeOriginally Posted by ;
https://www.forexforum.co.za/trading...newbi-log.html
I think so! Even, I have such a lousy experience with internet egy and EA! Asa result, I am trading with my private trading egy which I made according to my trading knowledge and expertise.Originally Posted by ;
Many EAs will work only in a specific environment or condition the creator visualised. IF the end user do not have the very same views, then chances are it will fail. Whatever the EA can doexactly the same thing each one of us may perform.
I have a daily pip goal to achieve. While others agree or not, I stand by this egy, because I profited from itthose who copied my trades also profited. I will listen to everybody, but I will accept what gains me.
I don't think in carrying open positions and searching for a 500 or 1000 pip move to occur in my own favour. I will break this down to daily targets and just achieve it. This way it enables me to achieve my goal and lets me examine new egies. However, my goal stay frozen to the time examined variety of pips to be earned every day. While trying to get this goal, I had losing trades too. That's part of trading. I take losses . I take that I make mistakes and will make it in future too. But I am careful to see that losses are on the side and profits on the higher side. It is possible to stay profitable, but we throw it away in expectation of a much bigger one which takes time to develop. Market are volatile and it never travels one way. One violent move against the tendency for a short interval and if it hits the stop loss, that is enough to turn the profitable trade to a specific loss.
This is what happens to EAs most of the time. Markets are unpredictable and will remain so indefinitely. Earning 100 pips a day is possible, if you break it into a couple of trades to achieve. If one is a full time trader, it is the way to go. If you dont have the time to be full time trade, then look for some other time tested egy that will provide you that outcome. I trust manual trading over depending on EAs.
Daily limitation and monthly cut off. Forex is a business of risk and chances. Your risk and chance will come. Over leverage and you are walking on thin ice.Originally Posted by ;
It will not only break your confidence and also your fantasy. Many infants can stand up following a fall. Not many people are able to do the same.
Don't be like me anymore. Do you prep and swallow the loss. And return again and again trade. Lose small. Reduce self. Lose big. Lose goal.
It wouldn't be for sale or free if the EA worked. If you were able to create 100 pips a day with that EA you would be a millionaire in 3 weeks. I say it is unlikely