That's it. I also think that then more money will be spent on preserving nerves ))) Let's say to fly on vacation for a week and a half
I don't want to buy Medicines, it's not so effective. In General, the exchange is, of course, an exhausting place, but the opportunities here are much higher than in a stable job. The main thing is not to take it as a game yet.
Good evening friends! What is the difference between PIP and point? Here in MT4, too, something is not clear when measuring the distance with a cross (switches instead of an arrow), for example, from point A to B 300 units(higher or lower), to find out how many points you need to divide by 10? why is this? It's just that when you put a take and stop on the delay by points, you get the values of the point multiplied by 10. Or is pips the point*10"?
It's the same thing. Points are always a four-sign. A five-digit sign is a tenth of a point. MT is a stupid machine that doesn't know this, and points are the last sign in it. If the quotes in MT are four-digit, it will show you and count the four-digit points. If the quotes are five-digit, then the MT in this case will count the points as five-digit. This applies to all measurements, trailing, and other things.
If the point is the minimum step that the price can change by, it is clear that the value of the point will depend on the number of decimal places...
Bingo Bongo, I can't understand what you are based on calculating the item exactly by four-sign. Yes, this would be very good and would eliminate confusion, but what is your approach based on? What definition of item do you use?
The item has always been a four-digit number, and this is the correct way to Express it. It's just that all sorts of clever people have been making up nonsense lately - new points, pips, and other nonsense. Especially zealous about pips, supposedly it is a five-sign
As if there was no such thing as pips before the five-sign
What can I say about 10 points a day: so if you learn to do so much on average, you will be considered a very good, if not a great trader. You can have a small number of profit points and promote this advantage with the help of proper money management to a very decent profit. I also believe that if we talk about points, the quote should be four-digit. I remember back in 2005-2007,when there were no five-digit quotes.
With short-term trading, a stop loss of 5 points is a big risk, such a stop will "demolish" faster than the take profit will work. To trigger a stop loss, it will be enough to see the noise that always accompanies small time frames. On pepsoft, if you have time, it is better to work manually without departing from the monitor.
Entry on M5 and M15 we enter the market with three orders, TP 15 p, 25 and the third set in the middle of a strong zone. On this example, I will show the support of the third order with a TP in a strong zone, with a short stop. I will show you in real life what you can do with a Deposit of one dollar. When the first order is triggered, we set stops at +1. But never forget, this is the market, the price can turn around and go against our orders, the point is a short stop and 90% of profitable trades. The main thing in this system is to observe MM, which is very difficult when you feel like a market Guru and start increasing volumes.
You receive an acknowledgement signal on the M30 and we calm down and wait for price action on H1, if you enter with confirmation on the H1, it will be more secure transaction, that is, with a large percentage going in our direction, but the stop Los will be increased and when we rolled back prices to lose more, it is better to risk less stop and enter when the confirmation signal on M15, the probability is less than N1, the losses are minimal subject to MM.
The confirmation signal on H1, stop Los translate in the +1 and go to sleep, otaznik we put up, there will be profit and the activation of pending orders on the sat, if the price reverses, we will still be in the black, it's not negative, after triggering without loss, we will look for an entry point in the market from a strong zone.
I think many people will agree - I have met such situations on the market even without news release, when the MT4 terminal on the minute chart seemed to stop, but then at the end of the next minute drew a significant number of points at the 5 sign, once I met about 150. What small feet can be considered? - path to the depot drain.
And why not take advantage of this situation and earn 150 points for 5 signs with this movement, because with this movement to the top or bottom, the price in most cases returns to its original state. This will soon start happening more and more often, because now is the time to make wishes ... New Year. The main market participants will begin to close positions and calculate the earned profit for the year, so such movements will occur in the market. Good Luck To All!
I sit on the Jew without leaving (not yet on the real world). In the flat, I take rebounds from the outer Bollinger bands with standard settings. When there is a trend, it is even easier to enter, almost every trade works out. Stop 2 PP and profit 3 PP. The spread of 0.5 PP. Today, out of 18 "thought" trades, 13 are profitable. Since the spread affects we have an equal profit and loss on the trade. The main thing is that there is no tilt, and then everything will be cool.
The duration of the transaction is from 1-3 minutes in the trend to sometimes 15 minutes in the flat (there is a very narrow channel where you can't get anything).
I wrote about this approach in some topic about binaries. For me, it's the best, I've been testing it live for a few days now.
Trading for 1-5 minutes is possible without indicators, you need to apply technical analysis, the same one that now works on the hourly half. On a small timeframe, it is difficult to understand where the currency is moving, but the technical analysis itself works, levels, breakouts, bounces. You can trade for a minute, but you need to get the hang of it, and you need to understand that fluctuations are frequent, and there are few points. If the profit is small, it's fine, but I think it's easier to open one trade than a hundred, for this reason I don't go below 1 hour.
I read about this strategy at the time and even tried it, but I didn't like it, not for me. For scalping, I chose the moving averages 8 21 and 50. When 8 intersects both 21 and 50, plus a level. The probability of success in the transaction is very high, approximately 95%. Exit by price Action candles. It wasn't bad at the time. Then I got carried away with another vehicle, but now I'm going back to this vehicle.
It is traded both in the flat and in the trend, the main thing is to observe the risks.
I've popsoul all week, earned a 100 % led, but the bonus is merged, the volume is huge but the profit is not more than 10 points, just traded, on (1) hour watching the trend, for example a few candles down, and (5-15) minutes traded and watched the end of levels, almost profitable, but a little rushed and merged. I hope to improve from next month, well, and 100 % of the bonus is also not bad, but if I traded on my own, then everything is not so optimistic.
To enter the terminal once a day, you need to trade such a minimum lot that even if the price did not go to the profit of 1000 points, the Deposit was not significantly affected. In this case, you need a rubber depot size, or then the profit will be a penny. As a result, you have to monitor the terminal in order to earn money, but also take risks within the limits.
Many traders first look at large charts from 30 minutes to 1 day, and for the accuracy of entry, go to small charts, and look for entry points on them. After entering, for example, on M5, they go back to their work schedule, and accompany the transaction already on it. Some close part of the position when entering the M5, and the remainder is transferred to no loss, and if it is not knocked out by the price, then they again switch to their working time to accompany the transaction. I also do this periodically, and if the price is fast enough and far away from the opening price, I try to keep the deal, especially if the swap is positive.