Again, trading is not about how many trades you are winning or losing, but how much money you make per month or per year, on average, per lot or contract.
PS: stop at 1.8150 was not triggered.
Post your live Forex trades here...
- Thread starter xelite777
- Start date
Again, trading is not about how many trades you are winning or losing, but how much money you make per month or per year, on average, per lot or contract.
PS: stop at 1.8150 was not triggered.
Total so far: minus 63 pips (23+20+20).
That triple-bottom formation on the AUD/CAD did hold after all, but that's another story.
Your trades via your automation system ?
Simply, is your system automatically entering/exiting the trades for you or your system is giving you trade signals in which you're manually entering/exiting the trades after receiving those trade signals.
I only ask because you talk a lot about automation system trading in lots of threads here at ET. In addition, lately, I've been seeing an increasing number of traders refer to themselves as using an automation system when in fact they are entering/exiting trades manually. Thus, there's an discretionary element to their trading because of the manual entries/exits and stop adjustments.
Hi Wrbtrader.
No, all my trades are entered manually and without any help from a computer program (commonly known as EA or Expert Advisor). The only automatic part is the stop/limit BUY/SELL order itself, and of course the stop loss and the exit.
Not at all, I only said we need to backtest our trading system (with or without a computer).
On the other hand, automating a trading system (so it can open/close positions automatically according to your system's trading rules) is totally optional and up to the trader.
Entering/existing a trade manually does not mean you are using a discretionary trading system, far from it. You can also adjust your stops manually (depending on price action for example) without necessarily being a discretionary trader.
However, if you second-guess a trade already in progress or deviate from your clearly defined trading rules then you are no longer a systematic trader.
Hope this clarifies.
