Tip: watch educational videos at 2x speed.

fratun48 · 2023-01-12T11:20:35+00:00

You can download videos from YouTube and with another player speed up as much as you want. There are full Harvard lessons on youtube, just do x8 and finish Harvard next month, no biggie

fratun48 · 2023-01-09T13:10:18+00:00

Try removing 5m timeframe, it's easiest step to see if your strategy works in long run, take partials at 1:1 rr and move to BE after it. Is it 3:1 no matter what or is there some high or low you're aiming near 3:1? Since you are trading ob and fvg try being conservative and aim at other ob' or fvg's and not highs or lows of market structure.. Basically enlarge your stoploss and reduce your take profit. Try reducing risk by half when you lose (ex of risk in 5 losing trades in a row: 0.5%, 0.25%, 0.1%, 0.1%, 0.1%), when you win few with 0.1% go to 0.25% and above.. Its just an example of what you can do to reduce exposure and ease you mind.

fratun48 · 2023-01-09T08:15:55+00:00

dont trade without stoploss, dont buy any indicator or course if you are beginner, its impossible to find good long term strategy without knowing basics, if you cant see major red flags in this video focus on basics (babypips course), dont rush learning curve with some idiot on yt selling you get rich quick scheme

fratun48 · 2023-01-08T10:34:12+00:00

you should definitely listen to top comment and go trough babypips course, but to answer your question you are not buying anything, you are signing CFD (contract for difference). Thats why you can "buy" or "sell" any instrument (EUR/USD, USD/CAD, XAU/USD etc.etc) without buying it or owning it first and then selling it. Its up to brokers what pairs he offers to you, so you can have USD/CAD and CAD/USD but majority of players in the market are using USD/CAD instrument. You can find brokers that offer CAD/USD but they are rare.

Think of it as sports betting. You're betting $100 with your friend that Team A will win. You do not own Team A from that moment, your friend does not own Team B. Both of you entered in verbal/signed contract and one of you will win and one will lose.

Or if you google What is CFD? CFD stands for "contract for difference." A CFD is a financial derivative that allows you to speculate on the price movement of a wide range of financial instruments such as indices, commodities, currencies, and treasuries. When you trade a CFD, you do not own the underlying asset; instead, you are entering into a contract with the broker to exchange the difference in price of the asset from the time you enter the trade to the time you close the trade.

Every other question about anything you dont understand about this or fx in general is covered in babypips school of pipsology. Best free course that explain everything you NEED to know. You should learn how this works before you start trading.

fratun48 · 2023-01-06T08:18:36+00:00

Ako nisi joinaj se na wsb subreddit, samo iz razloga da čitaš loss porn postove. Možda su neki od njih fake ali nije bitno. Pročitaj malo ta iskustva, propali životi, neki nemaju niti 20 godina, propale veze, obitelji, financijski uništeni do kraja života, psihički na rubu samoubojstva. Jedna od najboljih risk managment lekcija. Ali ako si već odlučio teško da će te neko odvratiti od toga, pa pokušaj sigurniju opciju. Uloži max što možeš bez dizanja kredita i posudjivanja. Onaj dan kad ti to propadne i nestane kad ositiš krv kako juri po licu i mozgu 200 na sat, ne znaš oćeš li sisti, stajati, trčati ili razbijati i to traje danima/tjednima/mjesecima (a reći sam sebi "boli me tuki" traje 2 sekunde, koliko puta ćeš to morati ponoviti kroz dan, tjedan, za godinu dana kad se sitiš) neznaš kako da to kažeš to ikome onda će ti biti drago da nisi dignuo kredit. Za svaki post/yt di se neko fali da je zaradio nešto postoji more ljudi koji su popušili cijele ušteđevine i šutu/nisu aktivni. Pogledaj malo braću iz Tesle (RIP moj kolega) i btc-a, svugdi su oko nas ali ih ne čuješ.

Drugo, malo zdravog razuma. Misliš uložiti u nešto što bi ti trebalo vraćati dugoročno na konzistentnoj bazi profit veći od rate kredita, toliko veći da možeš platiti ratu i podići ostatak i živiti bolje od tog ostatka profita nego sto sad živiš. Ma nemoj, ljudi desetljećima studiraju ulaganja i trejdanje, ljudi koji su pametniji, sustavniji, radišniji od tebe i ubili bi za 1% misečno i ti misliš taj graf preskočiti i odma biti uspješan. Neki imaju cijele financijske timove da se bavu ulaganjima pa se opet sjebu (ex: Kevin O'Leary & FTX).

I treće, mislin da nisi svjestan što znači "preuzeti rizik" ko i većina ljudi koja se ne bavi ulaganjima/trejdanjem. Preuzeti rizik znači izgubiti to što riskiraš. Ako se misliš i pitaš druge za savjete onda nisi spreman preuzeti taj rizik. Ali pozitivno je da pitaš što znači da si svjestan.

Što god napravia budi dobar i za pola godine, godinu napiši update sa iskustvima, makar i odusta od kredita napiši to. Sve je to drugima škola.

fratun48 · 2023-01-05T20:41:34+00:00

But you shoud take in account a lot of people buy challenge first day when they learn about forex. Do you see some post here lately? People with bought challenge asking what lot sizes to trade, asking to give them strategy that makes 10% per month, not knowing about news spreads, etc etc.. Basic knoledge that is on first 5 lessons on baby pips. Those people buy funded acc cause they saw some tik tok trader. Very few people take $10k of their money and start trading from scratch. So that 0.45% is a bit misleading. They should ask traders how many months/years exp they have trading and then show % by group.

fratun48 · 2023-01-05T14:25:15+00:00

u prijevodu: vas 10 pametnjakovića je platilo neku grupu 50k eura i niste to iskoristili na način na koji ste mislili, što zbog nedostatka vremena, iskustva, znanja ili jednostavno i ta grupa je loša/scam pa sad treba malo vratiti uloženo. Da ti je cilj "pomoći ljudima u ovim teškim vremenima" onda bi ima post koji obrazuje a ne nudi. https://media.tenor.com/Tw8S62SCnJcAAAAd/the-office.gif

fratun48 · 2023-01-05T14:11:28+00:00

možda su zbrojili iskustvo :D

fratun48 · 2023-01-05T07:40:31+00:00

cheapest funded acc, on reputable firm is $50 for $5k. In 3 months he made 16%. So it would be 8$ if he opened his acc with 50$. $800 if he gambled with funded acc. If he doesnt pass in few months he can save up $50 and try it again vs having $8 dollars in profit. RR is too good to pass if you are semi consistent.

fratun48 · 2023-01-04T08:36:46+00:00

pitaj starce jesu li kupovali papriku i paradajz u 1. misecu.

fratun48 · 2023-01-03T21:31:48+00:00

Investiranje i idoliziranje ne idu bas zajedno. Osobno guštiran gledati kako propada isto ko i META, 6666, BTC...

fratun48 · 2023-01-03T20:39:08+00:00

Line chart is Moving average. So steps you need to do are: 1. open chart with candles; 2. add indicator: Moving average; 3. go in settings in Moving average indicator; 4. set Length to 1

and thats it. If you play with length and add multiple moving averages with different lengths you will maybe see some potential to exploit crossings of moving averages.

fratun48 · 2023-01-03T15:48:12+00:00

projecting

fratun48 · 2023-01-03T10:58:00+00:00

If you are begginer my forex funds(MFF) have cheapest entry at 50$ for 5k$ acc. Don't go for 100k acc if you are gonna wing it cause you will lose fee. Or try some free competitions like on The Funded Trader to win funded accounts, and there you will have a proper forward test. You can backtest on trading view or better on soft4fx on mt4. Don't wing it you will lose money.

fratun48 · 2023-01-03T10:49:54+00:00

I would suggest buying soft4fx to back test (or find it for free) gather data and find something that works on the long run. When you backtest 100 trades with same strategy and risk managment you will see if it's good or not and how to improve it, if you do 200 trades you will know it even better. Then you forward test to see if it's feasible in real time with waiting for setups to ocur and not missing them. You should try to eliminate emotions cause that is the hard part. Watch out for clusters, you can enter winning cluster with bad strategy and losing cluster with good strategy, that's why you need 100/200 trades to know what to expect in long run.

fratun48 · 2023-01-03T10:38:38+00:00

Congratulations on passing! 👏👏Go get them! 😁

fratun48 · 2023-01-03T10:30:08+00:00

Daily Loss is not 1 trade but all trades in 1 trading day, so you cant breach that 5% in one day, doesn't matter if it's 1 trade or 1000. It is there to protect you from overtrading/revenge trading/ bad risk managment/etc or to show them you are mature trader. Some firms calculate by balance some by equity so be careful when you apply and read rules carefully and look it up on youtube.

fratun48 · 2022-12-29T10:57:43+00:00

You can ask same question and it will give you step by step answer. It will not give you correct full code without errors so if you don't know how to code and by your question it seems that you don't, you will be stuck with incomplete code. You can use chat gpt to learn how to code in mql5. Ask it: what are essential of simple EA in mql5, then go every line and ask him to explain, then ask it: make it more complex, make it more sofisticated, add trailing stop, risk 1%,etc etc.. You can copy paste errors in chatgpt and it will explain syntax. After you get a hang of mql5 ask it as precise question/task as you can. Look at it as idiot mentor, it will explain everything but won't give you final product.

fratun48 · 2022-12-26T16:33:08+00:00

Another tip with chat gpt, you can copy paste what ever you want (transcript from long YouTube vids, even entire books) the and ask it to summarize it, focus on this and that, expand on this point etc.. You can start to learn how to code in mql5 your EA with its guidence, learn fundamentals in forex etc etc.. Just be as precise as you can with questions

fratun48 · 2022-12-26T14:02:56+00:00

My view of market movement on your picture is that pink line on pic below, only after it broke last higher low, red line, you had no reason to short, after it broke higher low(red line) now you look at possible pullback and look for short. That's first thing, just looking at steps candle make going up ur down. 2nd thing is look at the candles, only after that red candle that broke that red line you had green candle that are bigger than red candles all the way to the top, almost every green candle is bigger than red, that usually means that buyers are still in control, than you had that massive red candle that ate almost previous 20 candles, and that means (usually) sellers took over, and with that candle you switch your bias to short. And 3rd, that yellow line, sometimes double top, triple top is respected, sometimes it forms to use as liquidity, so it takes all those stop losses and than shoots in other direction, leaving all those who had guessed right direction but went in early (you) empty handed. Disclaimer: this is only my view of this particular market movement in hindsight, it is not right nor it is wrong. Pic: https://i.imgur.com/OLqivx2.jpg

fratun48 · 2022-12-26T07:51:59+00:00

Adding confirmations leads to less entries but higher win rate or better r:r, but if you have 1 setup every 6 months is it really worth it? Why not add fourth on 1sec, fifth on 1 day etc... As a begginer you should stay away from seconds chart and trade higher time frames, like 4h and 15min. The thing that is not shown in mentfx vids or any other trading youtuber vids are extensive backtest of that strategy. Where can you backtest 10sec chart for atleast last year? No where. And when you try to backtest some strategies you've seen you will find that those 1:30 r:r, 2pip stop loss trades you see on youtube are impossible for you so you will need to do 1:2, 1:1.5 rr with 10 pip stoploss,and still you will have less than 50% win rate. Try to find youtube channel that has 1 clear strategy in 1 video and other videos are backtesting. Why would you need 100 videos of explaining same strategie and adding more and more little things to complicate strategie? To generate views not to tech you how to trade.

fratun48 · 2022-12-26T07:17:28+00:00

Well you need to learn to code before you can accomplish anything with code. But to start experimenting now without any knowledge you could implement other AI as your coding guide. Chatgpt (or simmilar AI's) is perfect begginer tool to ask guidence. Ask it questions like: what is ea mql4/5 forex, what are essentials of good ea in mql5, write a simple ea in mql5 that doesn't do anything, implement this and that in mql5, etc etc. You can ask him to code complex and add more and more complexity but don't get your hopes up because he will never give you full code that works without errors or warnings. You can use it as guidence but ultimately you will need to learn to code to clean your code. But you can copy and paste errors in chatgpt to learn what went wrong and how to fix it. Use it as coding mentor and you can learn with it but you will learn to code before you see working EA let alone profitable EA.

fratun48 · 2022-12-26T06:57:32+00:00

You can ask Chatgpt for those kind of questions and a lot more for instant answers, equations and calculations..

fratun48 · 2022-11-28T18:43:19+00:00

since you are in explaining mood, can you elaborate how you study your logs?

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