talking about all those forex experts out there, giving advice and helping new traders :)

How to Calculate a Stop Loss using Excel

I found a video entitled like this on Youtube. Dude, seriously?!

This is why many traders fail, because they have been taught that their trades must have fixed SL, TP etc. The markets are much more fluid than you think. You cannot ‘predict’ the stoploss or the takeprofit no matter how many calculations you make. You can, at most, estimate them… which case you do not really need so many calculations. Better focus your time and mental energy on something else.

I’ve managed to watch 30′ of that video, BTW.

robotfx-fluid:

EURUSD

Now this is how to manage a losing trade so it will always be in profit. And this is exactly what the RobotFX Fluid EA does.

Those 95% losers in the forex game are losing mostly because they do not know how to manage a losing trade and they either use a stoploss or wait and hope until it is to late.

In this picture I entered long on EU at the wrong moment. The price dropped soon after. Instead of panicking and closing the trade, I opened a short, double the size of the long. This way I was covered if the price would have dropped further. The price dropped indeed, triggering the BE for the sell, but then rised again, closing the sell at BE profit (1 pip).

Even better, it continued with the original trend, so eventually the long trade close in profit, too (28 pips). And so, one losing trade became 2 winning trades. Only thanks to the RobotFX Fluid EA.

It takes all kinds

Says someone on the biggest trolling site on the net, reddit.com:

“Yes, but you trade 0.01$/lot” - like that’s the reason I’m winning my trades. So I replied:

“I trade 0.01$ because I’m using a free 30$ bonus from XM, which btw doubled in one week. But wouldn’t the result be the same if I’d trade 1$/lot?! The strategy doesn’t change, you know?”

He didn’t agree with me.

Sometimes people are to dumb to be taught, no matter how hard the teacher tries to explain them. I’ve done my best with text, pictures and audio-visuals. If he still can’t understand…. well, some are just not traders. Go buy some signals form a ‘mentor’ lol

But you know, I’m no rocket scientist. And knowing that, I cannot even think about arguing with a rocket scientist. I’ll just take whatever he says for granted.

Why none of the winning strategies on ForexFactory works for me?

You might have asked yourself a few times.

Well, strategies are born from an idea, an opinion. And we all know that “

Opinions are like assholes…everyone has one”.

Long story short. A forex trading strategy will serve the trader who designed it and maybe… just maybe a few other disciplined enough (or brainwashed, sometimes) to follow it without questioning. That’s because trading is a little more of a mental game than you may think.

Your perfect strategy has to be one built by you, for you. It must suit you and your way of thinking/trading. That’s why professional traders always say to stick to a strategy and improve it.

It is better to just pick a strategy, anyone, and try to adapt it for you… even if the result will be completely different, instead of changing your forex trading strategy every week.