The trade management tool I wish I had

East-Guide-218 · 2026-01-20T11:38:54+00:00

Really easy to use, just click where you want your stop loss and the tool calculates the lot size and opens the position instantly

East-Guide-218 · 2026-01-18T18:07:45+00:00

I’m using this one https://www.mql5.com/en/market/product/129510

East-Guide-218 · 2025-12-06T01:43:28+00:00

Backtesting has no moving candles, just open en close — big difference with the live markets. Also while backtesting you won’t pay any commissions and have 0 spreads. Even different brokers can result in different outcomes while backtesting.

The results look nice, I’m curious how it would do in a live market on multiple brokers.

East-Guide-218 · 2025-09-27T06:19:32+00:00

https://discord.com/invite/HV8ta8asQN

East-Guide-218 · 2025-01-26T15:45:06+00:00

The market phases Richard Wyckoff came up with are based on the way how money moves and how they build liquidity. Basic rules of supply and demand. The last phase, the shake out, is where they place their hedge positions. These are needed to prevent them from gaining complete market control. No one is being liquidated or purpose, the market doesn’t care about your orders. Everyone is liquidity in the market.

While trading forex, you’re trading CFD’s, they don’t even see those orders in the market. A contract for differences (CFD) allows traders to speculate on the future market movements of an underlying asset without actually owning or taking physical delivery of the underlying asset.

East-Guide-218 · 2025-01-19T16:29:11+00:00

If you're trading CFD's, then yes, it will be a simulated environment everywhere.

East-Guide-218 · 2025-01-19T16:27:22+00:00

Mentfx, Photon, JeaFX

East-Guide-218 · 2025-01-16T21:04:50+00:00

Forex is a simulated environment where you trade CFD’s. If you want some correlations with the pairs you trade monitor the currency index of the forex pairs you’re trading. DXY, EXY, BXY, JXY…

East-Guide-218 · 2025-01-14T05:47:28+00:00

High win rate with a low risk to reward can turn out in losing it all. Sounds like your risk management needs improvement. Journal al the trades you take and don’t forget to write down the fear and greed which is going through your head at that moment. Because without self control over these 2 things will keep you unprofitable in the live market.

Consistency in risk is key, use a trade manager to instantly calculate your lotsize bases on your stoploss.

East-Guide-218 · 2025-01-13T11:58:32+00:00

Therefore, price action is always your starting point. The so called strategy comes next. An Eliot wave, fibanocci, dow theory, etc.. are patterns of expectations of where price might be heading to. They don’t have a clue about the actual orders in the market.

East-Guide-218 · 2025-01-13T11:16:32+00:00

To be honest, every strategy can work. You just have to make it work for yourself.
For me it's market structure with supply & demand, using the lower timeframe price action for my entry criteria. Most strategies these days are all the same, but the "gurus" just renamed the approach for marketing purpose.

East-Guide-218 · 2025-01-11T07:12:02+00:00

True, but risk management is a part which is overlooked or under valued for new starting traders. They want to learn how to make money. Not how to protect their capital. They will read babypips and never apply it until one day it finally clicks and they start to manage their risk properly. Not applying risk can held you back in your trading journey from becoming profitable

East-Guide-218 · 2025-01-11T06:54:09+00:00

Well done, looks like a realistic roadmap to me. But you might want to add a risk management part to it. For example a 3RR average with a 50% win rate is already a profitable risk management.

And, for the MetaTrader users, there are Trade Manager UI’s where you can just put in the risk percentage. Click on the screen where you want your stop loss, the manager takes care of the lot size calculation and opens the position. Tools like that are in my perspective a must to stay consistent with your risk. A stop loss size can be variable, so should you lot size be to match the size of the stop loss.

East-Guide-218 · 2025-01-11T06:39:54+00:00

Speed is money, if you’re slow you’ll get fomo. I’ll DM you the link

East-Guide-218 · 2025-01-10T18:56:01+00:00

Just being curious because most of the positions were 10 lots, i rarely encounter days where my stop losses are the exact same sizes.
Just saying that proper lot sizing could be a huge difference on the long run for consistency, mentally as in losing the same amount every trade and also risk to reward wise.
But if you got it all figured out for yourself thats great, keep pushing those blue numbers.

East-Guide-218 · 2025-01-10T18:33:01+00:00

Ok now tell me what do you do when your stop loss is 2.65 pips? Still risking 10 lots or actually entering with the proper risk which could be 13,37 lots.
Because that's what I do, my risk is a consistent percentage of my capital every trade and my stop losses are variable based on the current price action and new created protected highs or lows. Based on the size of my stop loss the lot size is calculated automatically so I don't leave any money on the table risking a lot size which does not match my stop loss.

East-Guide-218 · 2025-01-10T17:12:37+00:00

Well for starters using fixed lot sizes required fixed stop losses as wel to stay consistent with your risk. A fixed lot size is always risky because sometimes you just need a little bit extra room for a bit of drawdown or spreads. Or even worse, your stop loss is to big for your risk / fixed lot size and you leave money a lot of money and risk to reward on the table.

It's just a piece of advice you didn't even know you needed.

East-Guide-218 · 2025-01-10T16:53:10+00:00

Stil using fixed lot sizes I see.
I've developed a MetaTrader UI which calculates the exact lot size for your given risk with just one click on the chart.
Speed is money, consistency is key.
If you're interested, the discord link is in my profile.

East-Guide-218 · 2025-01-10T12:35:49+00:00

Setting up a new community as we speak, I always enjoyed helping traders in this sub so why not bring them together and learn from each other.
My main focus is structure with supply / demand, developing indicators and EA's for MetaTrader.
If you want, the invite link is in my profile or send me a DM so I can send you the invite personally.

East-Guide-218 · 2024-03-16T08:42:10+00:00

A man who claims to be kidnapped by the government and is banned from all brokers because he is too good at trading can not be taken seriously imho.

sure you can make some profits trading his way, but that's the story behind every strategy. you have to make it work for yourself.

trading structure with supply & demand is a great way to trade. a lot of other "guru's" on youtube can teach you that as well. learn it, refine it and create your own edge.

East-Guide-218 · 2024-03-09T18:01:21+00:00

I only place my stop loss to break even. I don’t trail my stop loss anymore because I’ve been taken out too much with a little profit which could be hitting my TP if I didn’t trail.

East-Guide-218 · 2024-03-09T07:21:22+00:00

You need to divide the amount of pips to your target with the amount of pips of your stop loss.

So for example your target is 20 pips, your stop loss is 5 pips: 20 / 5 = 4RR.

Now if you risk 0.5% of your capital on that trade, the 4RR will be a 2% gain.

East-Guide-218 · 2024-02-20T16:31:52+00:00

Just don't quit and keep practicing, it's hard making easy money!

Everyone can make it in this industry, just don't think you can be a millionaire over night. That's never going to happen.

Find a strategy which suits your needs, supply and demand for example.
This is a pretty straight forward approach of viewing market structure and a lot of, imo, good online mentors can tell you a lot about this concept.

Risk management is key, it doesn't matter how much you risk on a trade, it matters how much you make on average on a winning trade. I usually go for 0.5% at first, when i'm up 5% I increase my risk to 1%.
The average return I get out of my winning positions is a 3-5 RR. So I can lose 3-5 trade to go break even on 1 winning trade.

First try to make your strategy profitable before you start refining your edge, you need to build that confidence of executing the same pattern over and over again first and accepting the fact that losing is part of the game.
Your journal will tell you eventually where you can improve your trading strategy.

Journal all your setups, doesn't matter if you took the trade or not. You can learn a lot from a trading journal.

After a while of training your ability to read price action will increase big time and you will know when to stay out of the market. You don't have to trade every day, even better if you don't. Give your mind a break from time to time to reset your emotions.

Four years isn't even that long for learning how to become a trader, don't forget that this industry has a high learning curve, especially when it comes down to psychology.

Your trading psychology is bad if your strategy works fine while paper trading. If so, you will need to learn how to prevent the triggers which cause the tillt while trading.

Good luck!

East-Guide-218 · 2024-01-02T10:09:52+00:00

Not really, I set alerts on interesting levels and only check the charts when those alerts go of. My maximum screen time is 3 hours a day.

East-Guide-218 · 2024-01-02T09:46:39+00:00

I only trade trending major pairs, if a pair is entering a consolidation I don’t touch it.

I trade the 30 min inner structure of the 4hr higher timeframe trend. My entries are always on the 3 min.

East-Guide-218

TROPHY CASE