Recent content by TradeWizards

Your method is a good and successful one too. To be successful in trading, we must do everything we can to avoid acting emotionally and to be able to execute the strategy perfectly and without errors. Any method that has high accuracy and minimizes emotions and human error is a successful and...

Risk management is the biggest challenge for every trader. And many factors affect it. The most basic thing that determines risk is the SL distance and its management, which must be controlled accurately and without emotions. To control it, I first check a strategy on the chart and strategy...

I personally use different strategies. First I test the indicators on the demo chart and test the basics of entry and exit points for different conditions based on various indicators and then I convert them into a single indicator by programming and then I test it in the MetaTrader tester...

I prefer gold, pound and yen for scalping because they have strong markets and short strong movements. I recently created an expert advisor for scalping on these currencies. MQL5 Algo Trading Community Friends who are interested in collaborating in the field of programming and scalp, we can...

The time frame depends on your trading style. I use the 15 minute time frame for scalping gold.

Hello Technical tools are very useful for analysis. But because it requires confirmation from several indicators to make a decision, the chart usually becomes crowded and causes errors in performance. I suggest using combined indicators that do not clutter the chart. You can see examples of...

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.