1. If you don't adhere to money management rules on a demo, don't even start, as it will be a waste of your time (or worse: gambling). As you say: it is preparation for live trading (for all aspects of trading). People who tell you something else either don't really trade or try to fool you. 2. It ...

If you're thinking in terms of "good news so this will get stronger" you will always get caught out. Look for areas where liquidity sits and think if I were a bank where which liquidity pool would I drive price to on the back of news. Look to see if that happens, wait for confirmation and ...

Looking at EURUSD to complete this sell model it is in at the moment which seems to be supported with DXY doing so with a buy model.

Deep progressive house for me!

I started out EA trading and got slapped about a lot for going live too soon with little to no knowledge (I was THAT guy). Soon enough I realised that to get anywhere I needed to scrap the idea of making money until I could get my trading to a consistent level and learn how to do this myself, and no...

Maybe not having one is the problem. Simply put it's a set of repeatable rules that determine trade size, entry and exit. And has been tested over x number of trades and found to have a positive expectancy. A plan backed by statistics becomes a 'profitable strategy'. Without a plan you're relying o...

When you say you've made X number of pips what are you actually telling us? How does that translate to account growth? 500 pips with a 400 pip stop loss is different result to 500 with 100 if you see what I'm saying. You refer to institutional traders in your post and I think they would talk in term...

Welcome to the forum! How long have you traded for? Is it going well? I'm fairly new here too.

Welcome! I'm fairly new here too. Interesting to see you're working on an EA. I'm still not sure I trust EAs but will check out your results and follow your progress anyway as always open to change my mind in the face of evidence.

Yes I think moving to a micro account is a sensible next step once you graduate to live trading from demo. It's not about the money that can be made but exposure to the now real risk of losing money. So best to mitigate that with a micro account and then not overload your brain as you get used to it.