Recent content by TradeWizards

There are different methods for combining or obtaining confirmation: 1- Using multiple indicators for entry in the same timeframe at the same time. 2- Using one or more indicators in different timeframes of the same currency. 3- Using one indicator in multiple concordant and non-concordant...

Indicators are very useful when trading Forex, currencies or gold. They help us analyze the market and make more informed decisions. But they are not the whole story. That is why relying too much on them can sometimes create a false sense of control. First you need to understand that you are...

In trading, each person should act according to their own mood and you made the right decision. Trend trading and scalping each have their own specific conditions. I personally prefer to scalp using an expert advisor and follow trend trading manually.

In fact, you should try to make the situation real, otherwise the mind will make wrong decisions in critical situations. This will make you decide on trading positions more calmly in the future.

Trade with small volumes on real accounts or use nano and micro accounts

Using a demo account and strategy tester is only useful for checking the trading method and does not affect the control of real emotions in my opinion. You have two ways to master emotions: 1- First test and perfect the strategy, then work for a long time with volumes of 0.01 on an ECN or Micro...

I personally prefer gold scalping because extreme volatility in low timeframes with a strong filter can be very profitable. I recently wrote an Expert Advisor based on my personal strategy. You can test it for free in 1-5 minute timeframes. https://www.mql5.com/en/market/product/139945

I explored other ways to model the loss limit Watch this video:

I myself use locking or hedging most of the time, but it depends on the strategy and analysis. If your method is different, please explain more if you want.

I shared my experiences in this video.

Dear traders, if you are interested, let's discuss methods for determining the loss limit and reducing the loss limit.

If you are a scalper, I suggest you test this indicator: TW Scalper Shoot: https://www.mql5.com/en/market/product/132943 https://www.mql5.com/en/market/product/132237

I mean, set the amount of capital you enter into a trade within reason. (Lot size). If you mean market volume, this data is different for each broker and is calculated in different ways and is more effective for entry strategies. All brokers provide raw volume data and you can hover your mouse...

You are right about scalping on gold, but it is better if you use ECN accounts with low spreads. Of course, each currency has its own scalping strategy, I have seen many traders who use gold for scalping and make amazing profits. The secret to success lies in adhering to SL and volume management.

It depends on your strategy. This type of analysis is effective only for scalpers, and trading on M1 & M5 is very risky. The best way is to use expert advisors and calculator indicators, whose past behavior has been carefully checked before logging in with the Rail account. Test this on the M5...