dwenblade wrote:Tue Nov 30, 2021 11:26 pm Came across this . It may help to trade pullbacks on Binary or Forex .
Combine it with support and resistance with 5 bar expiry.

Ogee wrote:Wed Dec 01, 2021 6:23 pm Interesting, looks to be a mladen indicator I've not seen before. It's based on zig-zag so yes it will repaint or back paint.

pin12 wrote:Fri Dec 03, 2021 6:54 pm MACD + Bollinger Bands strong signals

Gives arrows to buy and sell. Works on all pairs.

Although risk management is one of the simpler topics to grasp, it seems to be the hardest to follow for most traders. Too often we have seen traders turn winning positions into losing positions and solid strategies result in losses instead of profits. Regardless of how intelligent and knowledgeable traders may be about the markets, their own psychology-will cause them to lose money. What could be the cause of this? Are the markets really so enigmatic that few can profit? Or is there simply a common mistake that many traders are prone to make? The answer is the latter. And the good news is that the problem, while it can be an emotionally and psychologically challenging one, is ultimately fairly easy to grasp and solve. Most traders lose money simply because they have no understanding of or place no importance on rink management. Risk management involves essentially knowing how much you are willing to risk and how much you are looking to gain. Without a sense of risk management, most traders simply hold on to losing positions for an extremely long amount of time, but take profits on winning positions far too prematurely. The result is a seemingly paradoxical scenario that in reality is all too common: the trader ends up having more winning positions than losing ones, but ends up with a negative profit/loss (P/L). So, what can traders do to ensure they have solid risk management habits? There are a few key guidelines that all traders, regardless of their strategy or what they are trading, should keep in mind.

Risk-Reward Ratio
Traders should look to establish a risk-reward ratio for every trade they place. In other words, they should have an idea of how much they are willing to lose, and how much they are looking to gain. Generally, the risk-reward ratio should beat least 1:2, if not more. Having a solid risk-reward ratio can prevent traders from entering positions that ultimately are not worth the risk.

Stop-Loss Orders
Traders should also employ stop-loss orders as a way of specifying the maximum loss they are willing to accept. By using stop-loss orders, traders can avoid the common predicament of being in a scenario where they have many winning trades but a single loss large enough to eliminate any trace of profitability in the account. Trailing stops to lock in profits are particularly useful. A good habit of more
successful traders is to employ the rule of moving your stop to break even as soon as your position has profited by the same amount that you initially risked through the stop order. At the same time, some traders may also choose to close a portion of their position.

pin12 wrote:Fri Dec 03, 2021 6:54 pm MACD + Bollinger Bands strong signals