FOREX Trading $$

[jamesbond4]

Is anybody trading eternal gains method? Whats the ROI?

[ottodickmann]

Interesting strategy. Thanks for sharing!

[TradeForProfits]

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[alexcarry]

HOW TO TRADE USING STOP LOSS ORDERS

How to use a defensive stop-loss order and a trailing stop key to perfect your forex trading skills and avoid unnecessary losses.

On 23 June 2016, UK voters went to the polls to decide on the future of the UK in the European Union. As the day drew to a close, the results came as a shock to the UK - the European Union's second-largest economy - which had just decided to abandon the world's largest free trade agreement. When the markets opened, the pound had the largest current in its history. This is because, before the vote, most of the polls show a single victory for the European part. For some of the businessmen who predicted before winning the holiday campaign, June 27 was a good day for them. It was a difficult day for the majority who followed the turnout. The story was written about these traders who lost their entire funds by buying a pair with the pound as the base currency. The Brexit vote is a good example of how risky traders express themselves every day. To reduce the impact of this risk, experienced traders use a combination of different methods. For example, one adjusts their leverage ratio when expecting a large release. Others focus on opening smaller buildings while others stay out of the market during periods of high volatility.

Another common way to reduce risk is to use stop-loss orders. A stop loss is available on most trading platforms to help traders manage risk. It automatically stops trading when a trader reaches a certain level even if the trader is not present. By using a stop loss, traders can avoid being in a situation where a single trade erases their previous win.

The stop-loss order automatically exits the trade when the trader reaches a certain level even though he is not present.


How to keep stop loss

To set up stop-loss, traders should do a few things. First, they need to calculate their risk-reward ratio. This is a simple ratio that specifies who wants to lose the most money and who wants to make the most profit. While there is no sensation about the best risk-reward ratio, an ideal ratio for newcomers is 1: 2. In this, a trader is risking 1 USD to make a potential 2 USD.

To determine the ideal risk-reward ratio, experienced traders use a general formula that determines their winning rate. This formula assumes that the trader's winning rate will be maintained in future trades. The formula is: E = (1 + (W / L) × (P - 1)

Where: P is the winning rate, W is the average winning size and L is the average winning size.


Kathy Lien, the author of Day Trading and Swing Trading Currency Markets, advises traders to use two methods when placing stop-loss orders. In the first method, they should use the two-day lower method. In this, a stop loss of about 10 pips should be placed below the two-day low of their pair. For example, if the most recent candlestick low of GBP/USD was 1.1500 and the previous low was 1.1400, the stop loss should be set around 1.1390 ??if a trader keeps buying.

He recommends the second option to use parabolic stop and reversal (SAR). This is an indicator found on most trading platforms, including MT4. The indicator puts a point on the chart where the stop loss should be placed when the trader starts a long trade.

Other alternatives such as Fibonacci retracement levels, Bollinger Bands and other technical indicators are recommended. A trader needs to find a formula that works, tests it and applies it to their business.


Trailing Stop

New traders stop at the stop loss stage. Experienced traders use the concept of a trailing stop loss to minimize losses and maximize opportunities. In it, no stop loss is placed on a single level. Rather it is placed above a certain percentage below the market value of a property. If the trade goes ahead, it pulls the stop loss, thus protecting the gains that have been made.

This idea is important because at a given time the profitable trade will be reversed before it hits the profit level, thus eliminating profits.


Final Thoughts on Stop Loss Orders

Traders must have a stop loss whenever they open a trade. If the trade goes in their favor or big unexpected news arrives, it helps protect your accounts. In the Brexit scenario described above, most traders believed that money could be won if they lost the stability aspect. Of these, the losses of traders with stop loss were minimal. You can get some good ideas from here

[riskov]

What advantages and bonuses do You have?

[Manwaring]

It looks rather good IMHO.

[Manwaring]

Thanks for sharing this info with us.

[messikhan]

WallStreet Forex Robot: 300% Profit Forex EA For The Last 3 Years with proof

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The Most Profitable Forex EA For The Last 3 Years. Over 700% Pure Profit For 3 Years – Verified Live Proof Inside. Includes: + The Best Support + Consistent Income + Happy Customers.

When i first heard the name Wallstreet Forex Robot the first question come to my mind is Wall Street is not a Forex market”. I thought it was another Asian session scalper or even just a copy of an existing original EA, but when I tried to inspect the opening times of the positions, lo and behold, I noticed that it wasn’t restricted to the Asian session, and trades were being opened in the forward tests throughout the day! there are really very few 24/5 scalpers nowadays and this have given me a high feeling of suspicion and mistrust and tended to think it’s kind of a scam. A lot of EA providers were discovered to fake statement results, and to cut removes all doubt, I decided to try to ask for a Wall Street Forex Robot review copy, that request has been granted with a very quick email response.

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Being writing about it here now is a clear indication that I do not consider it a scam in any way, It’s really original scalper where trading several pairs around the clock and it seems to manage scraping a nice profit off it. The pairs it works with are EURUSD, GBPUSD, USDJPY, USDCHF and to a not with the same efficiency USDCAD, although the latter is not even mentioned in the manual and I only could know about it as the author mentioned it. As most of other scalpers nowadays, it runs on the M15 timeframe, so there’s nothing new about this.
Strategy

Well, now we know the most important characteristics of Wall Street Forex Robot; it’s ascalper, running 24/5, uses the M15 timeframe and the pairs recommended by the provider are EURUSD, GBPUSD, USDJPY and USDCHF, while USDCAD is also working but not officially supported.



The manual is a somewhat confusing for the supported pairs as in the beginning EURUSD, GBPUSD and USDJPY were only mentioned, but later on USDCHF was mention as well; in addition, as you will see, USDCHF is there in the backtests presented on the EA website as well as in the official live forward test.

More few facts about this EA should be known, I’ll try to list them briefly. It’s probably not a good idea to manually configure each pair SL and TP although you can. The EA gets its settings updated from the server after authorized access configuring each pair preset values; the stop loss ranges from 120 pips on EURUSD and GBPUSD to as high as 160 on USDCHF, while the TP is around 25 pips, with the notable exceptions of GBPUSD where TP is 50 and USDCAD where TP is 14. The stop loss is rarely touched, though – by deeper inspecting the backtests – as any sensible scalper EA, in most cases when the market moves against it it can close the trades before hitting SL the average win / average loss ratio being roughly 1:2.75. It has also an ability to take profit early before the take profit target is hit by its positions, when it figures that’s as many pips as the market is going to give it.

The strategy itself is fairly simple; a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this case it seems to be entirely thread safe.

When running on the recommended four pairs, the average of WallStreet Robot is about 3.5 trades / day and almost 5 trades / day when running on all five, so it qualifies as a rather frequent trading EA. There’s no GMT setting as it trades around the clock, so it’s not to worry about in this case.

Wall Street Forex Robot is completely compatible with the NFA rules as it opens only one trade at once on each instrument traded, there is no problem with FIFO and hedging. But you need to be careful as if it operates together with another EA trading the same pairs on an account with the NFA restrictions in place, this might lead to inability of one of the EAs to open trades.
Why Our Customers Love WallStreet Robot

The WallStreet Forex Robot has scored GAINS of over 700%
in the last 3 YEARS of LIVE Trading.
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Extraordinary performance considering the world economy has been struggling and most investors are having a tough time profiting in the currency markets.

Even we take our “conservative” account – we still banked gains of 130% for the half period.

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