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NZD/USD rocketing!!!!

Emma said:
Risk reward ratio when you trading with the Galileo FX

Question 1: Understanding Risk-Reward Ratio

1.1 Define what the Risk-Reward Ratio is in forex trading.

a) The percentage of profitable trades in a trading strategy.

b) The relationship between the potential loss and potential gain in a trade.

c) The duration of time a trader holds a position.

Question 2: Identifying Risk-Reward Ratios

2.1 If a trader sets a stop loss at 50 pips and a take profit at 100 pips, what is the Risk-Reward Ratio?

a) 1:1

b) 1:2

c) 1:3

Question 3: Evaluating Risk-Reward Scenarios

3.1 A trader decides to risk 2% of their trading capital on each trade. If they have a Risk-Reward Ratio of 1:2, what percentage of their capital will they gain if the trade is successful?

a) 2%

b) 4%

c) 6%

Question 4: Comparing Risk-Reward Ratios

4.1 How does a Risk-Reward Ratio of 1:3 compare to a Ratio of 1:1?

a) The potential profit is three times greater than the potential loss.

b) The potential profit is equal to the potential loss.

c) The potential profit is half of the potential loss.

Question 5: Analyzing Trade Outcomes

5.1 In a series of trades with a 1:2 Risk-Reward Ratio, if a trader has a success rate of 40%, is their trading strategy likely to be profitable in the long run?

a) Yes

b) No

c) It depends on the lot size.

Question 6: Practical Application

6.1 Explain why a trader might choose a Risk-Reward Ratio of 1:2 over 1:1 in their trading strategy.

a) To minimize losses.

b) To achieve a higher success rate.

c) To potentially increase profits while accepting a higher level of risk.

Question 7: Calculating Risk-Reward Ratio

7.1 If a trader sets a stop loss at 30 pips, what should be their take profit level for a Risk-Reward Ratio of 1:3?

a) 10 pips

b) 60 pips

c) 90 pips

Question 8: Risk Management and Profitability

8.1 How does maintaining a favorable Risk-Reward Ratio contribute to effective risk management in forex trading?

a) It ensures every trade is profitable.

b) It helps control potential losses and maximize gains.

c) It eliminates the need for stop losses.

Question 9: Trade Decision Based on Risk-Reward

9.1 If a trader has a choice between two trades: one with a Risk-Reward Ratio of 1:1 and another with a Ratio of 1:3, how might they make their decision?

a) Choose the trade with the lower risk.

b) Choose the trade with the higher potential profit.

c) Both a and b.

Question 10: Realistic Expectations

10.1 What is a realistic expectation regarding the Risk-Reward Ratio for every trade?

a) Every trade should have a 1:1 Ratio for consistency.

b) It depends on market conditions and individual trading strategies.

c) A fixed 1:3 Ratio guarantees profitability.

Answers:

1.1 - b) The relationship between the potential loss and potential gain in a trade.

2.1 - b) 1:2

3.1 - b) 4%

4.1 - a) The potential profit is three times greater than the potential loss.

5.1 - a) Yes

6.1 - c) To potentially increase profits while accepting a higher level of risk.

7.1 - c) 90 pips

8.1 - b) It helps control potential losses and maximize gains.

9.1 - c) Both a and b.

10.1 - b) It depends on market conditions and individual trading strategies.
Click to expand...
This is very nice of you Emma, and it is very important in order to get the best results, but still I do like 1:1 risk reward ratio the most, how about you?
 
Emma said:
I am sharing it all the time :D so will do it again...bullish consecutive signals: 3 bearish signlas: 3 SL: 200 and TP 200 time frame 5minutes...Although I sometimes close the trade manually...I am trading where there is a higher liquidity, so no trading during the off hours....hope that helps
Click to expand...
I am using the same aggressive settings and I like it the most. There was one guy who tried with 100 points stop and 200 points take profit, which make him 1:2 risk reward, but I am not sure that he get the best results, If he read this please share the conclusion...
 
Emma said:
Risk reward ratio when you trading with the Galileo FX

Question 1: Understanding Risk-Reward Ratio

1.1 Define what the Risk-Reward Ratio is in forex trading.

a) The percentage of profitable trades in a trading strategy.

b) The relationship between the potential loss and potential gain in a trade.

c) The duration of time a trader holds a position.

Question 2: Identifying Risk-Reward Ratios

2.1 If a trader sets a stop loss at 50 pips and a take profit at 100 pips, what is the Risk-Reward Ratio?

a) 1:1

b) 1:2

c) 1:3

Question 3: Evaluating Risk-Reward Scenarios

3.1 A trader decides to risk 2% of their trading capital on each trade. If they have a Risk-Reward Ratio of 1:2, what percentage of their capital will they gain if the trade is successful?

a) 2%

b) 4%

c) 6%

Question 4: Comparing Risk-Reward Ratios

4.1 How does a Risk-Reward Ratio of 1:3 compare to a Ratio of 1:1?

a) The potential profit is three times greater than the potential loss.

b) The potential profit is equal to the potential loss.

c) The potential profit is half of the potential loss.

Question 5: Analyzing Trade Outcomes

5.1 In a series of trades with a 1:2 Risk-Reward Ratio, if a trader has a success rate of 40%, is their trading strategy likely to be profitable in the long run?

a) Yes

b) No

c) It depends on the lot size.

Question 6: Practical Application

6.1 Explain why a trader might choose a Risk-Reward Ratio of 1:2 over 1:1 in their trading strategy.

a) To minimize losses.

b) To achieve a higher success rate.

c) To potentially increase profits while accepting a higher level of risk.

Question 7: Calculating Risk-Reward Ratio

7.1 If a trader sets a stop loss at 30 pips, what should be their take profit level for a Risk-Reward Ratio of 1:3?

a) 10 pips

b) 60 pips

c) 90 pips

Question 8: Risk Management and Profitability

8.1 How does maintaining a favorable Risk-Reward Ratio contribute to effective risk management in forex trading?

a) It ensures every trade is profitable.

b) It helps control potential losses and maximize gains.

c) It eliminates the need for stop losses.

Question 9: Trade Decision Based on Risk-Reward

9.1 If a trader has a choice between two trades: one with a Risk-Reward Ratio of 1:1 and another with a Ratio of 1:3, how might they make their decision?

a) Choose the trade with the lower risk.

b) Choose the trade with the higher potential profit.

c) Both a and b.

Question 10: Realistic Expectations

10.1 What is a realistic expectation regarding the Risk-Reward Ratio for every trade?

a) Every trade should have a 1:1 Ratio for consistency.

b) It depends on market conditions and individual trading strategies.

c) A fixed 1:3 Ratio guarantees profitability.

Answers:

1.1 - b) The relationship between the potential loss and potential gain in a trade.

2.1 - b) 1:2

3.1 - b) 4%

4.1 - a) The potential profit is three times greater than the potential loss.

5.1 - a) Yes

6.1 - c) To potentially increase profits while accepting a higher level of risk.

7.1 - c) 90 pips

8.1 - b) It helps control potential losses and maximize gains.

9.1 - c) Both a and b.

10.1 - b) It depends on market conditions and individual trading strategies.
Click to expand...
Risk reward at least 1:1 with this robot will bring positive results at the end of the day, but only for the most patient
 
Emma said:
These days AUD/USD and NZD/USD I am trading with 0.05 lots, with 200 points stop loss and 200 points take profit on m5 time frame, with 3 consecutirve bullish and 3 bearish signal, and I am trading whole day, so that's why is this small lot size, and I have positive results, since sl and tp are the same , so risk reward radio is 1:1 , so far I had around 28 percent negative trades , but much more positive wthich brings me at the end great results.
Click to expand...
Hi Emma,
Could you kindly share the Risk, Trailing Start and Trailing Step for this set?
 
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