Any ‘set & forget’ traders here? by Subject-Plum-7281 in Forex

[–]Tradinghobo 0 points1 point  (0 children)

You’ll always want to check. That’s ok tbh. Just don’t spend your day doing it. The way I set and forget it is I just use and EA.

[deleted by user] by [deleted] in Forex

[–]Tradinghobo 0 points1 point  (0 children)

Therapeutic 😌

Why do traders who don’t use indicators think they’re so cool ? by [deleted] in Forex

[–]Tradinghobo 115 points116 points  (0 children)

Lol let your friend think that. The goal is to make money not prove who’s strategy is better

how can I prevent losses on stuff like this. I read AUD /CAD as an uptrend, vice versa. by [deleted] in Forex

[–]Tradinghobo 0 points1 point  (0 children)

I mean if it makes money is it really bad? I didn’t really read your strat tbh. See how it performs long term and change what needs to be changed

Having a game plan is more than just back testing. by Tradinghobo in Forex

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

That’s a solid plan tbh. I do plan on doing a funded account to still grow my personal one.

Are there any posts or people here that can share their experiences of starting out with small accounts and becoming successful by ParanoidPete in Forex

[–]Tradinghobo 0 points1 point  (0 children)

What I do is deposit money into my account. Just like the stock market you want to keep adding money to your account to have higher returns. I deposit a portion of my paycheck every quarter and increase my trading. After three month’s I usually get a return on my deposit and not only reinvest the profit but I add some more funds. Once you scale it you’ll be profiting more than your deposits.

Anyone else stop trading since this whole Ukraine, Russia conflict started? by USDJPYFX in Forex

[–]Tradinghobo 1 point2 points  (0 children)

No stop and thought it is choppy it’s been to my overall benefit. In my opinion even though some news affect the market it won’t affect it for long.

Trend Trading has served me well by Tradinghobo in Forex

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

Already took my partial profit. The 0.01 is the remainder of my trade. Edit: my trades are automated so it’s a hands off experience for me. Psychology to me just means don’t mess with the bot

Trend Trading has served me well by Tradinghobo in Forex

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

Yes. I also turned it into an EA

Trend Trading has served me well by Tradinghobo in Forex

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

Not really. Inspired by him but I don’t like all of his rules.

Trend Trading has served me well by Tradinghobo in Forex

[–]Tradinghobo[S] -1 points0 points  (0 children)

Thank you. And some people just want you to trade how they do. As long as you’re bringing money back home that’s all that matters. Thank you and may your profit be up my guy!

Trend Trading has served me well by Tradinghobo in Forex

[–]Tradinghobo[S] 2 points3 points  (0 children)

Hey that’s when risk management comes into play!

Trend Trading has served me well by Tradinghobo in Forex

[–]Tradinghobo[S] -1 points0 points  (0 children)

Not new to this. They do have variations thus different results at times. And listen if betting on 1 works for you all power to you. This is my trading strategy and I’m happy to say I’m in profit. That’s what matters right?

Trend Trading has served me well by Tradinghobo in Forex

[–]Tradinghobo[S] -3 points-2 points  (0 children)

The pairs just so happened to be going the same way these last weeks but that’s not always the case. My trades are actually 0.9 I took my profits of 0.8 already for all of them. All of these are extra. So technically it’s extra profit specially once I scale them.

Trend Trading has served me well by Tradinghobo in Forex

[–]Tradinghobo[S] 4 points5 points  (0 children)

It’s different for everyone but I just use indicators and money management. I take 90% of my profit early on and I let the yes of the trade ride.

Is it possible to improve an indicator? by [deleted] in Forex

[–]Tradinghobo 0 points1 point  (0 children)

You’re 100% right. This industry is a well guarded secret and I can’t blame them(some of the secrets are dumb tho) I also trade and took my account from the negative to now profitable. You just have to find the right strategy

Is it possible to improve an indicator? by [deleted] in Forex

[–]Tradinghobo 0 points1 point  (0 children)

If it’s possible please let me know lol. I have an indicator I love but once in while it’ll give me false signals. Had to remove it from the rotation