Now you have understoodMT4Some practices of the indicator tools provided by the platform are now available for you to enterMT4It's time for the next stage of training:How to install expert consultants. An expert consultant, known in the foreign exchange world as“EA”Basically, it is a program that you install on the platform, once it reaches a certain level ...
Now you have set up yourMT4Account, now is the time to learn how to use it! We know, we know. With so many tags, windows, and buttons, if this is your first time using it,MT4The platform can look a bit intimidating. But don't worry, I won't bite! In addition, we will conduct the entire process ...
congratulations!If you have already taken this class, it means that you are now ready to open a presentation orlive MT4Trading account. Firstly, you should know thatMetaTrader 4(MT4)It is a simple trading platform used by a large number of traders and brokers. Traders use it to view real-time currency prices, ...
Your transaction log is a record of all transaction activities. A trading log provides any serious trader with a tool to help them evaluate their goals. Continuously successful trading involves three elements: having and executing good trading plans, including reviewing and improving trading systems in trading plans ...
After a series of transactions, you have collected some magnificent data, market and self observation records... How do you analyze it? It's simple: find what's feasible, continue to find what's not feasible, and quickly stop finding what's feasible and not feasible. It's about carefully observing and asking the right questions. Divide your trading results into several smaller groups ...
Your bottom line(All profits and losses)It can help you understand your overall trading performance, and recording data will help you discover which parts of your trading system, plan, and process allow you to move forward like a debugged racing car rather than a rundown old car. Your performance will help you determine what is feasible and what is not ...
Reviewing means looking at what happened before. When you end a transaction, calling friends, dancing, and drinking can be tempting, but it's important to review how your transaction was conducted, whether it was a profit or a loss. You need to review the entire process and discover which ones were done right and which ones were done wrong. You can ask yourself the following questions: ...
Before you consider entering the transaction, you should have a game plan. The game plan tells you how you will manage this transaction, whether it will benefit you or bring losses. It's easy to enter a trade, and only when you leave a trade can you determine whether it's a profit or a loss. Two traders, Zhang San and Li Si, may have engaged in ...
This is very simple. Based on the risk management rules set in your trading plan, you must determine the size of your position. This allows you to know what your maximum risk is. What are the risks you are willing to take in each transaction?1%？2%？5%？10%？！20%？！！！ Or will you bet your life on it?!!! ...
The entry trigger tells you when to "fire". The entry trigger tells you when you should enter the potential trading area for trading. That's your unique entry technique. Since you have determined where to enter the transaction, you need to decide how to enter the transaction. Are you just blindly entering the market for trading? If you want to go through ...
Every transaction you make should be well founded. This is also known as logic or fundamental principles. You're not a savage or a gambler, are you? Why did you choose to enter this area? Where are you going to pull the trigger?This area is determined by the set detection method you wrote down in the trading plan, regardless of whether you choose ...
The answer to this question is very simple... everything!!!! You write down everything you want and do before, during, and after trading. Trading is a performance ability, regardless of the trading style and method you use. The result is that you analyze the market environment, create plans or methods, and execute the plan ...
Most expert traders keep transaction logs and occasionally review their content. Do you know what most expert traders are? Although some of them do not acknowledge this... they are professional! They have money. They have a car. They have clothes. They have ice. We may be exaggerating a bit, but ...
Write transaction logs? Isn't that only done when foolish high school girls are foolishly infatuated with foolish high school boys? son of a gun! Okay, not necessarily... high school girls keep diaries. Traders record transaction logs. two different matters! Find out! For performance-oriented or goal-oriented traders, keeping a log is one thing ...
Many systems operate well, but due to the lack of principles among many traders, they are unable to follow the rules, resulting in losses. Your trading system is attempting to achieve the following2Goal: Being able to identify trends as early as possible. Can avoid double losses(Determine trends)。 If your trading system can make a profit, you can ...
![[Summary] Create your own mechanical trading system](data/attachment/portal/202303/02/175621c3w5xw3ff5ti9f29.png.thumb.jpg)
