Re: МТ4 Trading Systems: WORKSTATION

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amdudus wrote: Sat Dec 30, 2017 5:48 am For those who are interested.
The experiment was conducted on a cent account for December with an investment of $7+ $7. The result in the screenshot.
Platform at the end of the year is as follows. It is not final.
In January of 2018 will continue.
For those who are interested and who's watching the thread.
I continue to improve the trading system and it has a slightly different look and a completely different result.
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Re: МТ4 Trading Systems: WORKSTATION

273
Phase of the price movement
In order to understand the big picture, I would like to refer to the principle developed by Stan Einsteina, which he calls "Phases of price movement". The basic premise of these phases is that the market found four ways to price behavior. It works for any currency pair, stock or index. The market may be in the phase of Foundation, lifting prices, consolidation, or falling prices. Phase 1 – Foundation: the price ranges before lifting; 2nd phase – the rise of prices: the price shows as higher highs and higher lows; Phase 3 – consolidation: price is in range before drop; Phase 4 – the fall of prices: price makes lower highs and lower lows.
Powerful aspect of these phases is that they allow you to know what kind of trading you have to use at a particular point in time. The idea is simple. In the phase of Foundation and consolidation of the price is in a sideways motion. The market is not under the control nor the buyers, nor by sellers. Traders can open long position (at lower range) and short positions (at the top of the range). Also traders can open positions on breakdowns within a specified range. No one knows whether there will be then the increase or decrease prices, however a strong breakout in one direction is a good indication that such a motion will occur. When the market is in the recovery phase or falling prices, traders should trade only in the trend direction. In other words traders will look for buying opportunity on a pullback during ascent, as well as the possibility of selling on a pullback during the fall.
The following are examples of these phases along with potential areas of trade (chart 1-3):
Question: how are you going to combine this concept with his timeframe on which you usually trade, to open their positions?
The first thing he wants to do for any trader is to identify the current market phase. For example, as shown on the right side of the 1st chart, the price broke the lower border of the consolidation phase. Therefore, we can assume that the phase of falling prices (phase 4). Therefore, the traders start looking for the right kind of trade (in this case, the opening of short positions on pullbacks). The 2nd chart shows how price behaved in the future.
In order to consider what happened kickbacks, they must match the interest level of prices (i.e. important moving average, a previous support level, trend line, etc.). In this case, the price rolled back to the previous support level which became a resistance level. Candle absorption added even more confluently, attracting more and more traders. An overview of the means to check what happens on the chart as if you looked at it from a great height.
What to do if you missed the opportunity to enter the market?
From time to time there are moments when you really miss the point of entrance. However, as long as the price is printing lower lows and lower highs, it remains in the phase of decline. In this case, the traders could seek additional kickbacks. As mentioned earlier, moving averages are powerful tools to be used in trending markets. The application of graphics to the previous exponential moving average with period 20 will give you additional opportunities to trade (see 3rd graph).
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Re: МТ4 Trading Systems: WORKSTATION

274
This may seem obvious, but if you haven't mastered your trading strategy or if you do not have a trading strategy, you will not be able to develop a trade regime. Many traders start in the wrong direction, because they still don't actually have a clear trading method, but, instead, they are a ton of different methods and trading "tips" that they read here and there, all mixed into one pile, "thinking" that got so your trading strategy.
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Re: МТ4 Trading Systems: WORKSTATION

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Psychological disaster in trading
Trade has the ability to bring together all the variables that can cause the perfect psychological storm. Two of the largest fear This storm generates in you two the biggest fear that people have:
1. Fear of losing money;
2.The fear of making mistakes. Imagine that you discovered a trading signal before placing an order, you completed the following steps:
• You regularly perform homework;
• You have watched the news;
• You have followed all the points of your trading plan that you have tested, and place an order;
• Your sales order is triggered, the market teases you with some profit, and then deployed to 180º and throws you;
• It was a small loss, but it turns out that all your efforts spent on the implementation of the ideal transaction, to no avail.
"No problem! – you might say. Next time, when I see profit, I'm going to fix it". So then you do. You are in a long position and suddenly see the red candle – you quickly press the "close order". Very often then what happens is the market keeps going in your direction, and you have to settle for 15 points, while the market was up 60 points.
Oops.
Disappointed, you decide that from now on will give the market an opportunity to level up your profit target or close their positions at the stop.
You only will need to place the order. All the rest let the market decide.
You do your homework. You enter the market.
Boom.
The market you are kicked. You were beaten, battered and thrown away. Now, in the next trade, you see how price is approaching a strong support level. You just KNOW that the price will defend ourselves, because that is what all say: the price will fend off these levels. Standard magical phrase "the more tests the level of support/resistance, the stronger it is" not true. You open a long position. The price breaks the support level. You fail. You return to the schedule, thinking that if you just learn it, you finally will receive a profit in their deals. Maybe you decide that you do not have enough information about the asset price. Maybe there is some indicator which will help you to become successful in trading. Now you decide to trade using indicators and are convinced that their signals are always correct. So, you set the settings. Check the higher timeframes, oversold/overbought, check the news.
. You check the retracement levels and stochastics, you call a friend. It's too late. The market will not wait for you, and while you thought to fulfill your order or not, the price left the zone sign and went in the direction of the goal that you wanted to install. Disappointed that you didn't get that finished, you either throw this strategy, or spend money in search of a new vehicle. Stop spinning like a squirrel in a wheel The point is probably not in the system and in yourself. Imagine that you and someone else apply the same trading system, but the man makes a profit, and you do not
What are they doing differently? And most importantly... how they think? Different? Is the concept of a psychological storm that occurs when someone bears the loss. It can begin before the loss will be recorded even when you see that the price begins to challenge your stop. At this point begin to be reviewed the domestic environment, where you will look at yourself, your technique and force yourself to react to the signals that are not in your trading plan. You can see how the looming storm clouds, and if you will not take any steps to control these conditions, then you will return to the right path of becoming profitable. Successful people, they look at the trade through another lens. Those who do so are well aware of, thanks to back-testing and live trading that "advantage" on their side. They know that on a larger scale, such as Las Vegas, they ultimately will find themselves on the winning side.
They know that the point is not whether they are right or not, but the fact that you need to win. The fact that you need to follow your trading plan. The point is that your curve capital gain was in ascending trend. They understand that on the micro level, at the individual level, the result is random. Every moment is unique on the market, and none of the "evidence" will never change it. They understand that they have a trade advantage, and they don't manage them at the micro-level. When their advantage shows the presence of variables that make up this advantage, they enter the market. The sequence leads to the result. Losers don't get the results. When successful traders open a position, they do it with the approach "let's see". They fully accept the risk that this entry will be unprofitable and take the loss.
Or that the next position can be unprofitable. To make a profit or incur a loss – they don't look at it from the point of view of "being right or wrong." They do not bind yourself with fear and not ready to celebrate if the deal were profitable. This is a business only. Their success at the micro-level really is that they follow their trading plan... regardless of whether they profit or suffer a loss. Loss, acceptance, and finally, right action is a skill that needs to take root in the minds of every trader. You will bear the loss... sometimes even pass through the whole strip losses. But how will you deal with them will be an indicator of your maturity as a trader. There is nothing to prove.
Try for the next 20 trading operations adhere strictly to your trading plan. Don't add or remove from it. Don't go on about intuition. Equally celebrate every win and every loss.
There are only two things you can control as a trader:
- To open a position or not;
- And how you will perceive the result.

Make the word "next" part of your shopping vocabulary and just open the next position in accordance with your trading plan.




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