=
Note: Conversion is based on the latest values and formulas.
How to Blow Your Account | Step-By-Step Guide 8 Nov 2022 · Hello, Traders What follows is a discussion of the behaviors, attitudes, and worldviews that will ultimately drain your bank account. 1. Trades are based on emotional decisions Each trading position needs to have a rationale. An expert trader’s entry is predicated on hard, cold facts, while an amateur trader’s reasoning is guided by gut instinct. 2. Stop loss …
Unveiling CueMaster: A Dynamic Trailing Stop Expert Advisor 10 Jan 2024 · If set to 0, it means no stop loss will be applied. Trailing Stop: Trailing stop functionality is controlled by the boolean variable Trall_on. If Trall_on is true, the EA will apply a trailing stop to the trades. Tral_Start is the initial trailing stop value in points. Tral_Size is the trailing step size in points. Money Management:
Is it good to use a trailing stop? - Beginner Questions 2 Jun 2023 · This is totally wrong, and you should never do this. Instead, determine your stop based on the swing levels. For example, in an uptrend, you should set your initial stop below the last higher low. As price goes up, once it creates a higher high, it’s also creating a new higher low, so adjust your stop to just below this new higher low.
Trailing stop - How? - Beginner Questions - BabyPips.com Forum 26 Aug 2007 · This parameter is entered as a percentage change or actual specific amount of rise (or fall) in the security price. Similarly a trailing-stop-limit order could be entered. Few brokerage firms will accept these orders as they must continuously keep track of the stock price and adjust the stop level” and now, an example: you long EURUSD @ 1.3600
Expert Advisors and Automated Trading - BabyPips.com Forum 27 Sep 2010 · I don’t know the exact meaning, but generally speaking it means when price foes in ur direction by X amount of pips, your Stop loss will reduce by X amount of pips. And so on and so forth. So is the “Trailing Stop” figure the number of pips or is the “Trailing Step” figure the number of pips in your direction? Thank you!
Trailing Stop and Trailing Step - Explained - Beginner Questions ... 7 Aug 2012 · The step tells the stop when to move up. If you have a step at 50 pips, when your trade is profitable at 50 pips, your step would tell the stop to move up to break even. When you hit 100 positive pips, the step would kick in, and move your stop to +50, and so on. Whereas, if you had a static number stop at 50 pips, once your trade hit 50 pips ...
What timeframe do I base my stop loss? - BabyPips.com Forum 5 May 2024 · Hi I’ve been demo trading for about a year learning and trying to finalise 3 strats. One thing that I can’t seem to get a clear answer on is this: I use 3 timeframes, 1 day main trend ID, 4 hour confirmation and my ‘trading’ timeframe, 40 mins for entry/exit. So multi-timeframe analysis there. However, I base my stop loss off the ATR so 1.5 to 3 depending. But what …
Why we should not move our stop loss? - BabyPips.com Forum 17 Jun 2014 · stop loss is a form of art. you need experience and skills to master it. when i first started, i was told to stop loss at 60pips. in currency pair such as yen, pound and euro, the up and down easily 100 pips at least. the best way to stop your loss is by technical and fundamental analysis. last month, i was holding to long GBP for 2 weeks by ...
What the hell is a trailing stop? - Beginner Questions 30 Dec 2017 · Trailing stop is your regular stop order but where you allow the stop order to move with the changes in price. For example: you took short position on US/EUR.But suddenly market changes in your favor, so you want to take profit as much as you can until price changes in a positive directions.
Ema Step System - Trading Systems - BabyPips.com Forum 8 Mar 2007 · Hi There, I am pretty new to this, but so far i have found just two systems that work for ME. The first one i use is the EUR/USD 45 pips a day system that was posted by James. I haven’t ever actually got 45 pips from this system, but 20-30 is common…i trade $4 pips currently, so it adds up to about $2K a month…I owe James a ty for that 🙂 The second was one that i …