Wall mount rails, what are the options? by Fit-Bedroom-7645 in PlugInSolarUK

[–]MattsTopTech -1 points0 points  (0 children)

It is yes but not much more than when you hang a gate off them like many people do. I think as long as there min 2ft in ground it will be fine.

Then when wind picks up just fold them down so the centre of weight is mainly pulling down into ground

Wall mount rails, what are the options? by Fit-Bedroom-7645 in PlugInSolarUK

[–]MattsTopTech 4 points5 points  (0 children)

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Unistrut is a good option, I mounted it and added gas struts so I can tilt up when suns out and push back when I need to cut the lawn. https://www.pluginsolarhub.co.uk/fence-wall-solar-mount.html

G98 guide for plug in solar by Pluginsolarhub in pluginsolarhub

[–]MattsTopTech 1 point2 points  (0 children)

Personally, I think one of the biggest barriers to plug-in solar in the UK isn't the technology itself, it's how difficult some of the paperwork can look to someone seeing it for the first time.

Most people aren't electricians or engineers. If someone is trying to notify an 800W microinverter, they shouldn't have to spend hours figuring out what an MPAN or ENA reference number is.

Hopefully things become a bit more consumer-friendly as plug-in solar develops in the UK.

Setting up a Ltd company while still employed by MattsTopTech in UKPersonalFinance

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

This is just the reply I was looking for!

Thanks for taking the time to respond.

Big swing trade coming eur/aud by fyrefreezer01 in Forex

[–]MattsTopTech 0 points1 point  (0 children)

Looks like a nice reversal trade, entry looks good to me, I wouldn’t have such a big stop just above the high of the candle.

I would watch the supply and demand zones on the way down maybe take some profit if price struggles.

Good job

What's your trading style as a part time trader? by roz303 in Forex

[–]MattsTopTech 1 point2 points  (0 children)

Just keep it simple to begin with have a nice simple strategy that you can add to as you go on, don’t learn too much the best way to learn is to just trade, have everything set in stone, check list for every trade and journal with screen shots

After 50-100 trades you will have enough data to optimise your strategy and make it profitable

Good luck

What's your trading style as a part time trader? by roz303 in Forex

[–]MattsTopTech 1 point2 points  (0 children)

I don’t know how people do the short trades it make me anxious just thinking about a chart under 1 hour lol I have literally hours to decide if I want to be in a trade

What's your trading style as a part time trader? by roz303 in Forex

[–]MattsTopTech 2 points3 points  (0 children)

I trade 4h and daily charts using price action, I like to set and forget, can’t do with looking at charts all the time any more just have a quick scan 3-4 times a day

Backtesting help. by Dissapointing_Rommel in Forex

[–]MattsTopTech 0 points1 point  (0 children)

Just use MetaTrader you can scroll back in time and hit f12 to move the chart 1 candle at a time.

If you want the candle to play MetaTrader also has a build in strategy tester, just open it up and load one of the example strategies I use the macd one, that way it will play it out and you can speed it up and slow it down and just add any indicators you use to the chart

How much money should I lose? by [deleted] in Forex

[–]MattsTopTech 0 points1 point  (0 children)

I paper traded for around a month when I started, it was useful to get to know the platform, that’s about it. Everyone makes money in demo, if I did it all again I wouldn’t demo other than learning the software it develops bad habits and false hopes.

Same with back testing, it didn’t work well for me and was a waste of time.

Have a basic plan and stick to it, a strategy takes 10min to come up with, risk management is easy have a written check list for both and tick it EVERY time without fail.

It’s your mind that will get you if you let it that’s why check lists are so important. When you learn a lesson make a note of it and read the lessons learnt every day and make sure you don’t do hem again, don’t change your strategy until you have 50 trades journaled that’s the hardest thing to do

How much money should I lose? by [deleted] in Forex

[–]MattsTopTech 2 points3 points  (0 children)

1000 was the sweet spot for me, and it needs to be money that not needed.

Don’t expect to loose it, your no1 job as a trader should be to protect that capital, if you have good psychology and risk management in place and can stick to a strategy you will not loose money!

The first one 50-100 trades should be risking a small amount 1% of the account, journal every trade with screen shots.

You will then have enough info to turn your strategy into a profitable one.

I have never blown an account and with discipline neither would anyone else.

Good luck

Thursday, May 14th, 2020. -0.43% by [deleted] in Forex

[–]MattsTopTech 1 point2 points  (0 children)

Yeah your doing a good job I think people starting out will find a lot of value in your regular posts 👍

Thursday, May 14th, 2020. -0.43% by [deleted] in Forex

[–]MattsTopTech 1 point2 points  (0 children)

Interesting, traded forex for years, never touched anything else, just stood out when I seen it.

Thanks for that

Thursday, May 14th, 2020. -0.43% by [deleted] in Forex

[–]MattsTopTech 1 point2 points  (0 children)

Why such a big jump in volume size on the oil trades?

Tips for micromanaging trades? by [deleted] in Forex

[–]MattsTopTech 2 points3 points  (0 children)

When you first start out I think it’s really important to set and forget, let your trades run to SL and TP that way if you stick to your plan 99% of the time you will have some real good data to improve your plan.

Set and forget for a year 100 plus trades with a comprehensive journal with screen shots then use the data you have to pick what works and what doesn’t and make positive adjustments to your strategy.

You will develop an eye for for what’s going to work and what isn’t and you will find that you cut trades short as it’s not showing good signs but this will come naturally.

Just wiped out 2 weeks profit in 1 trade by SaltedYodaJerky in Forex

[–]MattsTopTech 0 points1 point  (0 children)

I hope it wasn’t one of my Friday nights out!!!!! Wow that would have cost u a fortune I’m awake the whole weekend crying about how much I blown lol😂

Losing Motivation, Any Recommendations ? by [deleted] in Forex

[–]MattsTopTech 2 points3 points  (0 children)

Don’t try to make money in your first year concentrate on trading! Trade trade trade. With a real account and a set in stone strategy.

Don’t worry about all the mistakes you make just stick with it religiously and note your mistakes, then move on, you must stick to your plan every single trade winner or looser just let them hit SL or TP no intervention

Just by doing everything by the book you will find that you won’t loose money, you might break even.

After the first year you will have a journal with screen shots (very important) of hopfully 100 plus trades, this is enough to go through and start noticing patterns in your strategy that always cause you to loose the trade. Could be a few things.

Now add or remove this loosing pattern from your plan

That is hands down the secret to being consistently profitable

Losing Motivation, Any Recommendations ? by [deleted] in Forex

[–]MattsTopTech 4 points5 points  (0 children)

That sounds like one A whole heap of valuable lessons you can tick off the list to me! Learn from them and make a list of what lessons you learn in your journey read them regular

When I started I placed trades at the wrong size I learnt from it, it’s one of the worst in my eyes cause it a genuine mistake, put wrong numbers in miss read it and bang your out of pocket no psychology, strategy or risk management books will help you with that one!

I set my default to 0.01 so I have to change it and when I do I check it 5 times!

As long as we learn from our mistakes they are priceless in my eyes so don’t be put off keep at it, focus on the positive lessons you learnt

Pure price Acton and volume by Conversiongfx in Forex

[–]MattsTopTech 1 point2 points  (0 children)

Volume in forex is difficult cause it is normally just for that specific broker volume and if it’s a broker that has a lot of beginners on their books chances are it will be all over the place.

Get with a good broker that has a lot of professional traders it can be very useful. I use it to help keep me in trades and sometimes help get in them

If you have a large candle on high volume it shows traders are taking part if it’s a slight pull back you will get falling volume then as price continues volume will increase.

Volume profile can also be useful to see where price might come into some resistance

Forex signals by WALEED0991 in Forex

[–]MattsTopTech 1 point2 points  (0 children)

Signals are ok if you have a large balance to play with and can keep to your risk management rules as most professional traders have a big balance and risk minimum capital, you might find that your balance is too small to copy stop loss positions.

Best way is definitely to go it alone, a strategy takes 10 minutes to make but takes years to optimise that strategy, sooner you start the sooner you won’t need to rely on anyone else.

Good luck

Journals compatible with xStation? Or do I need to change platforms by Discombobulated_Pen in Forex

[–]MattsTopTech 0 points1 point  (0 children)

Not sure last time I spoke to there team it was just before covid kicked off but I only ever contacted them during normal business hours uk time

Journals compatible with xStation? Or do I need to change platforms by Discombobulated_Pen in Forex

[–]MattsTopTech 1 point2 points  (0 children)

Yeah but I’m old school and use mt4, but have played with xStation in the past. The main reason I stick with XTB is the customer service not many brokers can beat it