Experts' answers
Question
In the last month I made 24 entries into the market, the monthly result is a 2% capital gain and 70% of the positions were not losing, that is, they were on the plus or zero. Nevertheless, it worries me that I earned little, I feel like standing still. Several times I had such a case: I have SL equal to 20 pips, the market went 20 pips in my direction. I think to myself that it would be a shame to give away the whole 40 pips when the market retreats so I decide to move the SL to zero.
Of course, the market reached my SL and closed it, then finished the correction and reached my TP and even exceeded it by eight pips. It's something I have often. Maybe I shouldn't move the SL so quickly, what do you think?
Answer
The answer to this question will give you the tests, not me. I am not familiar with your system. I infer from your question that you do not have a set way to manage the order from opening to closing. And that means one thing to me - you don't have a finished work on the system. You should know exactly what to do when you are in the market. To find out, I suggest reviewing the last, lets say, 100 historical signals. Look at what the market did after the signal and what you should do. Keep asking yourself this question - what should I do when the market does x?
Then, when you have already processed 100 positions - it is worth doing the same on a demo or on a simulator, for the reason that practice shows that the market looks different at the moment of the order and you can't see certain things when they are drawn. You can see them only from the perspective when they have already drawn. Therefore, in addition to historical analysis, you need to practice on a demo or on a simulator. This way you will educate your decision-making processes when managing an open position. The fact that you are coming out at zero is a good sign, you have a workable system now only work out the details of position management and profits will grow.
Give it a boost 🚀 and drop a comment so we know to publish more for you. Chect the footer. Cheers!
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Question
In the last month I made 24 entries into the market, the monthly result is a 2% capital gain and 70% of the positions were not losing, that is, they were on the plus or zero. Nevertheless, it worries me that I earned little, I feel like standing still. Several times I had such a case: I have SL equal to 20 pips, the market went 20 pips in my direction. I think to myself that it would be a shame to give away the whole 40 pips when the market retreats so I decide to move the SL to zero.
Of course, the market reached my SL and closed it, then finished the correction and reached my TP and even exceeded it by eight pips. It's something I have often. Maybe I shouldn't move the SL so quickly, what do you think?
Answer
The answer to this question will give you the tests, not me. I am not familiar with your system. I infer from your question that you do not have a set way to manage the order from opening to closing. And that means one thing to me - you don't have a finished work on the system. You should know exactly what to do when you are in the market. To find out, I suggest reviewing the last, lets say, 100 historical signals. Look at what the market did after the signal and what you should do. Keep asking yourself this question - what should I do when the market does x?
Then, when you have already processed 100 positions - it is worth doing the same on a demo or on a simulator, for the reason that practice shows that the market looks different at the moment of the order and you can't see certain things when they are drawn. You can see them only from the perspective when they have already drawn. Therefore, in addition to historical analysis, you need to practice on a demo or on a simulator. This way you will educate your decision-making processes when managing an open position. The fact that you are coming out at zero is a good sign, you have a workable system now only work out the details of position management and profits will grow.
Give it a boost 🚀 and drop a comment so we know to publish more for you. Chect the footer. Cheers!
More & Follow: www.tradingview.com/u/drSwierk/
