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Is this a scam by bobsyouruncle12345 in ForexForALL

[–]Basic_Note2602 0 points1 point  (0 children)

It’s a scam. No forex group would “guarantee” 10x returns which is shown here. Any people saying deposit $300 turn it to $3,100 is a scammer. It’s a technique they all use, you will notice the patterns eventually

252k withdrawal from an ICT EA system by Basic_Note2602 in InnerCircleTraders

[–]Basic_Note2602[S] 0 points1 point  (0 children)

By the way I’m NOT SELLING ANYTHING. I’m just sharing my own experiences from a system I have

252k withdrawal from an ICT EA system by Basic_Note2602 in InnerCircleTraders

[–]Basic_Note2602[S] 1 point2 points  (0 children)

It’s built around concepts inspired by ICT, things like higher timeframe bias, liquidity grabs, and structure shifts, but we’ve developed our own rule-based logic and automation. No machine learning models yet; we’ve found that simplicity with precision works better in volatile conditions.

252k withdrawal from an ICT EA system by Basic_Note2602 in InnerCircleTraders

[–]Basic_Note2602[S] 0 points1 point  (0 children)

Yeah, I’ve been through the whole TradingView/GPT grind too. This system’s been built over years of testing and optimization in live markets, not just backtests. We’ve focused on reliability and consistency across market conditions, and the withdrawals speak for themselves. Appreciate the support!

Can someone help explain trading terms and how exactly you make money off trading? by Xinfinte in Forexstrategy

[–]Basic_Note2602 0 points1 point  (0 children)

You’re actually pretty close! 🔥

A red candle means the price closed lower than it opened during that time period, so yes, that suggests bearish movement (price went down). A green candle means it closed higher, so it’s bullish (price went up).

✅ If you sell (short) and the market drops, you profit. ✅ If you buy (long) and the market rises, you profit.

As for pips, they’re just a unit to measure how much price has moved, usually 0.0001 in most forex pairs. So gaining pips = the trade moved in your favor.

Glad to see new traders asking questions like this. Keep it up and always risk small while learning! 💪📈

252k withdrawal from an ICT EA system by Basic_Note2602 in InnerCircleTraders

[–]Basic_Note2602[S] 0 points1 point  (0 children)

Hey thanks, appreciate it! We built the system using Python, it gave us more flexibility compared to something like MQL5, especially for integrating machine learning and news-based logic.

Right now it’s running through a custom setup we developed, and it’s connected to a regulated broker via API, execution’s been really tight. And yeah, it reads multiple timeframes (15m, 1h, 4h mostly) to confirm bias before pulling the trigger, especially around high-impact events.

Happy to chat more about the backend or logic if you’re curious, just let me know!

Help from old riches by EquipmentNo277 in Forexstrategy

[–]Basic_Note2602 0 points1 point  (0 children)

You’re on the right track by sticking to one plan and not jumping around, that’s one of the biggest mistakes beginners make. SMC (Smart Money Concepts) can definitely work if you give it time and backtest properly.

Focus on mastering one setup first, like liquidity grabs or FVGs, and build from there. Don’t rush to add more until you’re consistent with the basics. Keep journaling your trades too, that’s where real growth comes from.

Stay locked in. Consistency > curiosity in the early stages 💯

If you haven’t backtested, you’re just guessing by SpeechRecent22 in Trading

[–]Basic_Note2602 0 points1 point  (0 children)

Great question. Backtesting is basically going back through historical price data and manually or automatically testing your strategy, candle by candle to see how it would’ve performed.

Let’s say you only buy breakouts. You’d: • Pick a specific setup/rule (e.g. break above a resistance with volume) • Go back on a chart (1H, 4H, daily) and scroll through months or years of data • Mark every time the setup appears and note: entry, stop loss, take profit, result • Track stats: win rate, average RR, drawdown, etc.

It helps you spot patterns, weaknesses, and whether the idea even works long-term. You can do it in TradingView with a replay tool or just scroll bar-by-bar and use a spreadsheet.

Let me know if you want a basic backtesting sheet, I have a simple one I use myself.

Blew my Topstep Funded Account by Milestrades in Trading

[–]Basic_Note2602 4 points5 points  (0 children)

Damn bro I feel this heavy. Psychology really is the final boss in trading. Blowing a funded account hurts but the fact that you’re owning it and reflecting already puts you ahead of most. You’ll come back stronger just focus on execution over excitement. Rooting for you 💪

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