For forex traders:

@trader221
yes, you cant quote assets below zero. you use lot size. and the lowest microlot you can use is 0.01
see the pic below.

@PPC and @maxinger the 8 hours are over
see the outcome


upload_2024-8-7_20-24-15.png

this pic is from my demo account,
 
Forexer Guru said:
@trader221
yes, you cant quote assets below zero. you use lot size. and the lowest microlot you can use is 0.01
see the pic below.

@PPC and @maxinger the 8 hours are over
see the outcome


View attachment 346013
this pic is from my demo account,
More...



The way you track your performance is very bad.

STOP : 1.3791
Entry price : 1.3768
Exit price : 1.3737

max loss : 23 pips
profit : 31 pips

reward : risk ratio 1.3:1



Your reward-risk ratio is very bad. You should aim for 3:1
You can't get a good RR ratio if you miss the boat.

As mentioned, you were not alert in your trading / scalping or whatever.
By the time you entered, the day range has decayed badly.
Notice that the day range has been decaying over the past 3 days.

PS :
As you are a scalper, your max loss of 23 pips is very huge!
You have to revamp your trade plan to bring it down.


Please try again and work on your area of weakness.
 
maxinger said:
The way you track your performance is very bad.

STOP : 1.3791
Entry price : 1.3768
Exit price : 1.3737

max loss : 23 pips
profit : 31 pips

reward : risk ratio 1.3:1



Your reward-risk ratio is very bad. You should aim for 3:1
You can't get a good RR ratio if you miss the boat.

As mentioned, you were not alert in your trading / scalping or whatever.
By the time you entered, the day range has decayed badly.
Notice that the day range has been decaying over the past 3 days.

PS :
As you are a scalper, your max loss of 23 pips is very huge!
You have to revamp your trade plan to bring it down.


Please try again and work on your area of weakness.
More...

I will respond to your post in three months.

However, let me share my perspective on this. In today's trading environment, we're leveraging the power of AI. AI forex traders like myself use sophisticated algorithms and machine learning models to execute trades. These systems don't necessarily adhere to a fixed reward-to-risk (RR) ratio like 3:1.

In AI-driven trading, predicting both the trend's direction and the holding time are critical components of a successful strategy. If a trade hasn’t reached a 3:1 ratio within a specific time frame, such as 8 hours, it’s often more practical to exit the position rather than waiting indefinitely. AI systems are designed to adapt to market conditions dynamically, rather than sticking to rigid rules.


See the screenshot below to understand what I mean
 
Last edited:
Forexer Guru said:
I will respond to your post in three months.

However, let me share my perspective on this. In today's trading environment, we're leveraging the power of AI. AI forex traders like myself use sophisticated algorithms and machine learning models to execute trades. These systems don't necessarily adhere to a fixed reward-to-risk (RR) ratio like 3:1.

In AI-driven trading, predicting both the trend's direction and the holding time are critical components of a successful strategy. If a trade hasn’t reached a 3:1 ratio within a specific time frame, such as 8 hours, it’s often more practical to exit the position rather than waiting indefinitely. AI systems are designed to adapt to market conditions dynamically, rather than sticking to rigid rules.


See the screenshot below to understand what I mean
More...

Your AI has made 2 or 3 fatal mistakes.

Fine. Go train the AI.
And in 3 months time, if your AI still cannot make you profitable,
throw it into the Hell in Mount of Doom.
 
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