Do you think Searching for AFL or similar make trader dump

Aarav11

Well-Known Member
#1
I always think that i want to learn how to trade. i start in that direction collect material from web but after some time i start to search for some automation which will help me getting the signals without putting any efforts and then i get lost in it.

End result :- i gain nothing.

Is this same thing happened with any of you also?
 
#2
I always think that i want to learn how to trade. i start in that direction collect material from web but after some time i start to search for some automation which will help me getting the signals without putting any efforts and then i get lost in it.

End result :- i gain nothing.

Is this same thing happened with any of you also?
Hello Aarav

Stop your search and start trading. I will give you a system, adjust the parameters based on the time frame and the chart you are trading :thumb:

Code:
_SECTION_BEGIN("JIMBERG TWIST");
Plot( C, "Close", colorDefault, styleCandle);  	
Len 	=	Param("Len",30,2,90,1);
Buffer	=	Param("Buffer",2,0.1,20,0.1)*C/1000;
Mid  	=	(HHV(H,Len)+LLV(L,Len))/2;
BO  	=	Mid + Buffer;
BD  	=	Mid - Buffer;
Buy 	=	Cross(C, BO); 
Sell	=	Cross(BD, C); 
Buy 	=	ExRem(Buy,Sell);
Sell	=	ExRem(Sell,Buy);
Short	=	Sell;
Cover	=	Buy;
Plot(BO, "Long Entry", colorBlue, styleThick | styleDashed); 
Plot(BD, "Short Entry", colorRed, styleThick | styleDashed); 
Plot(2, "", IIf(BarsSince(Buy) < BarsSince(Sell), colorBlue, colorRed), styleArea | styleOwnScale | styleNoLabel, -3, 100 );
PlotShapes(Buy  * shapeUpArrow,  colorGreen,0,L); 
PlotShapes(Sell * shapeDownArrow, colorLime,0,H); 
_SECTION_END();
Enjoy
:thumb:
 
#3
I think also in same way.after loosing a lot of money studied a lot about TA and find that it's not only strategy that make ur earning but also your money managment .

money management (mm) is very important think.
parttime trader what is ur mm ?
what strategy do you follow ?
 
#4
money management (mm) is very important think.parttime trader what is ur mm ?
what strategy do you follow ?
1. Keep it simple (do not use complex thing that you do not understand)
2. Do not over trade (open too many trades / too many systems / etc.)
3. Limit the risk on every trade (this is as per your comfort 1-3% of your capital)
4. Do not expect 1 big trade to make it big (be prepared to take 1000s)
5. Expect only 35-40% trades to be profitable

once you are comfortable with the above then

6. Scale-in additional quantity on to the winning trades.

This last part of MM will make a big difference but for that first basics have to be in place

Cheers
:thumb:
 

Aarav11

Well-Known Member
#5
1. Keep it simple (do not use complex thing that you do not understand)
2. Do not over trade (open too many trades / too many systems / etc.)
3. Limit the risk on every trade (this is as per your comfort 1-3% of your capital)
4. Do not expect 1 big trade to make it big (be prepared to take 1000s)
5. Expect only 35-40% trades to be profitable

once you are comfortable with the above then

6. Scale-in additional quantity on to the winning trades.

This last part of MM will make a big difference but for that first basics have to be in place

Cheers
:thumb:
Will try the AFL with the above MM rules with offline data. Thanks for the detailed rules.

lets see Dimakh ki batti jalati hai ya nahi :D
 

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