I'm very new to this so looking for good advice from you the experts. In the past 24 hrs I'm down $110 on EURUSD using these values at 5M. Is there some other setting I might have wrong?
I'm very new to this so looking for good advice from you the experts. In the past 24 hrs I'm down $110 on EURUSD using these values at 5M. Is there some other setting I might have wrong? View attachment 1832
Please don't use 5M, it's too risky. I use either 15M or 30M. My advise to you is open two accounts, one is fake money, and the other is your real account. If you're using MT5, YouTube how to have two versions of MT5 on the same machine. After that, stop all trading on your real account, and when the week starts, just put some presets in the fake money account and test those settings. If they start making money, just copy them to your real account.
Make sure to get new settings and update them every week once or twice and test them for a while in fake money MT5.
Next thing, every week, you can search this forum for presets or go to https://store.galileofx.com/pages/performance to search for presets that suits you.
Going on 1H or more, is more stable but you need to keep those changing every week as well.
Well, there are a lot of pairs and probably his time won't allow him to test all of them. Testing so many combinations of settings takes time, and thanks to him he's doing this and posting his results. So, you have to go with his results. I advise you to test them on fake money account with MT5 first before moving those settings to real account settings.
Please notice my sentence: "No numbers means not tested so don't use this time frame"
The time frames with numbers are tested. No numbers means this pair of currency for no number time frame hasn't been tessted.
Please notice my sentence: "No numbers means not tested so don't use this time frame"
The time frames with numbers are tested. No numbers means this pair of currency for no number time frame hasn't been tessted.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.