Natasa
Member
Such a beautiful green
The best feeling!
NZD/USD rocketing!!!!
- Thread starter Emma
- Start date
The best feeling!Thank you so much!
When I started to trade I started to love that color sooo muchSuch a beautiful green
Morgan
Member
Sl 200 TP 200 time frame m5, Bullish signals: 3 Bearish signals: 3 ....But still the most important part is to stick to conservative risk management
deltaga73
New member
thank you
Hello, very glad to hear that
, I am from Belgrade, Serbia. Regarding only bullish trades it is not important what do you place in a bearish signals, it does not count, since the robot will not open any bearish trade if you check only bullish, so you can leave it empty as well. And when I trade only bullish I place usually 3 signals on bullish ...hope that helps
This is text book example how trade should look a like, Slow without greed, and consistent profitability.
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.
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.
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.
I am sharing it all the time
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 helpsWhen it comes to the quantity of trades incorporated into my setup, it's a recurrent topic worth considering. It poses a thought-provoking question, and as of now, I lack a definitive answer. There are instances where I shadow the bot's decisions, halting it manually once a satisfactory profit is attained. Alternatively, there are occasions when I forgo setting a stop loss, choosing instead to close the trade manually. Nonetheless, I propose initiating with the most modest lot size, particularly when dealing with a limited balance account, as a precautionary measure against unrecoverable losses. It's essential to be realistic—anticipating substantial returns with a $500 account isn't practical. Exploring risk management is crucial; there's a wealth of informative articles available on the subject. In conclusion, my perspective leans towards adhering to the smallest lot size while embracing an assertive setup.
Alex Trader
New member
And when it comes to perfect time for closing the trading day, it's always a matter for debate...Determining the opportune moment to conclude daily trading is a perpetual consideration. The challenge lies in defining when profits are sufficient or losses have reached an acceptable threshold. Personally, the desire for increased profits often tempts me to keep trading, leading to a reluctance to close trades at a minor loss. Unfortunately, deviating from my own prudent rules results in larger losses. Striking the balance between ambition and adherence to established guidelines remains an ongoing challenge in my trading journey.I am sharing it all the time
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