Using Multiple Profit Targets (Forex News Trading)
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@BarbaraKozak09 I'd be careful... they say that about most EVERY robot, and after years of testing them I have yet to find ONE that doesn't lose money, if allowed to run long enough. Best advice we can give is to learn how to trade on your own 0- even IF you end up using a robot or signal service down the line, as least you can evaluate their calls objectively, instead of just following blindly.
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is that method fit only for sideway trend?
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just wondering what is the winloss ratio of your news trading system
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how do i plot the 200 average?good video..
ginola73 3 years ago
Varies by trading platform... select moving average from your list of available indicators, put in 200 periods, simple, and apply it to the close.
fxKnight 3 years ago
Just so you know, money management has FAR more to do with your ultimate success or failure than the win/loss ratio of any system. That being said, our results have been 77% wins over nearly a 4-year period so far, and tight stops have easily taken care of the rest. Cheers.
fxKnight 3 years ago