GBP/USD profitable results

[Morgan]

What did I do wrong? please tell me!!!!

First you should understand that trading is not mathematics. Don't try to find 100 percent wrong or right answer, there is no such a thing in trading. It is more about optimization and not clear answer

 

[Morgan]

a) In trading, certainty is achievable with the right formula.

b) Traders should optimize their trading for better results.

c) Understand that trading is not mathematics; it's more about optimization and lacks a clear right or wrong answer.

 

[Morgan]

Try to test first, or stick to the smaller lot size at the begining, if you don't have enough money on your account. Still the risk managemnet is the most important part of the profitable trading

The major reason why newbie traders don't make good results with robot or manual trading is because they think it is only wrong or right answer, and they are think that trading is like ATM machine, and that there are some secret formula...

 

[Morgan]

You are reading my mind: Trading isn't just about making money; it's about the journey, the challenges, and the pure joy of mastering the art of the market...so true

Trading Misconceptions

What misconception does the conclusion address regarding trading?

a) Every trade can be predicted with certainty.

b) Traders should always seek 100 percent accuracy.

c) Trading is a purely mathematical endeavor.

 

[Morgan]

I see many are using 200SL and TP.
Is it as effective to use lower SL and/or TP?
Or is the problem with lower that market movements trigger SL before TP hits?

Trading Misconceptions

What misconception does the conclusion address regarding trading?

a) Every trade can be predicted with certainty.

b) Traders should always seek 100 percent accuracy.

c) Trading is a purely mathematical endeavor.

 

[Morgan]

hi, please which broker you have account, because i tried this setting and made a backtest for the same period but i haven't got the same results.

Any regulated broker will do. My suggestion is to read some articles about forex trading, and about risk management and about traders mistakes....Some rules are the same for manual and for robot trading....So try to be self disciplined and don't let your greed ruin your account balance

 

[VuleV]

Aggressive settings with the conservative approach, as Emma mentioned , that is the major idea, but still you should be aware of maximum number trade, and lot size in correlation with your balance account....

 

[VuleV]

I see many are using 200SL and TP.
Is it as effective to use lower SL and/or TP?
Or is the problem with lower that market movements trigger SL before TP hits?

Adhering to the smallest lot size while embracing an assertive setup, modest lot size, and extremely conservative risk management, always the good advice. What is often problem is that we have no enough capacity to stick to it, but often push our robot to make us more profit, and then we obviously violate the rules of risk management.

 

[Natasa]

I was playing a bit without stop loss, not that I like that, but it turns very good
View attachment 2281

Amazing Emma, I can see mostly Aud/USD and Nzd/Usd ...still the same 20 pips take profit and 20 pips stop loss

 

[Tshoemaker08]

Looks like favorite settings for many of us! Bravo Morgan!

How are you guys getting it to do the buy side. I am only getting the sell triggers. Any help is appreciated

 

[Ric M]

Not too bad Cheers beautiful people
View attachment 1784

What settings and timeframe are u using. Thank you