I. Introduction
In the dynamic and often unpredictable world of trading, risk management is a cornerstone of success. Among the tools at a trader's disposal, the stop-loss order stands out as a critical mechanism for controlling losses and preserving capital. This guide delves into the nuances of stop-loss orders, aiming to equip traders with the knowledge and...
One of strong topics i want to write about it for long time ago
TYPES OF STOPLOSS 🛑 :
MANUAL AND AUTOMATIC
FIRST / Manual Stoploss :
Trader wait for the candels to close below support for exit not just hit it !
Example for manual stoploss :
Most common using 15min - 1H - 4H - 1D - 1W candels closing below support area ..it can also used in alot of...
COME JOIN OUR FREE LIVE EFX TRADING SESSION THIS WEEK.
USE THE EFC INDICATOR OR OUR FREE RSI 80/20 STRATEGY FOR LIVE SESSION.
EFC INDICATOR SHOWS
1 - OPEN ENTRY SIGNAL
2 - STOP LOSS SIGNAL
3 - TAKE PROFIT SIGNAL
Strike Trader Elite Indicator (STE) shows Entry Signal Level
Strike Trader Elite Indicator shows Stop Loss Level
Strike Trader Elite Indicator shows Take Profit Level
Strike Trader Pulse Indicator shows Histogram crossover
PM me is you have any questions I can help you with about the STE Indicator
The weekly trade signals are very powerful to trade but the weekly stop losses are so large it makes you trade very small size positions.
It takes a long time for a weekly entry to hit it's first target.
This technique takes that built up explosive energy in a huge weekly pattern.
But to trade a size that will make it worth while and to get in and out of the...
Hey everyone
Seems I wasn't clear enough yesterday when sharing the Trade Manager. Sorry for that
Here's a quick video showing what you should do :
Add the Two MM Cross (Signal version) to your chart
Add the Trade Manager (Open Source Version)
Connect your Two MM Cross Signal to the Trade Manager
I created this dummy script for you to play with the...
In part 1 we discussed how to identify a trend and the importance of understanding the time horizon. Please start with that post so that you understand how I identify trends.
Rules of Thumb
The longer the time frame = the lower the risk
The shorter the time frame = the higher the risk
The higher the leverage = the higher the risk
The lower the leverage =...
