The 3 things you need to know to be successfully in forex trading

After trading for few years in forex, attending many courses, get to know many people and many trading strategies. There are lots of trading strategy that earn profit consistently and there are many which does not. The only things which I found to enable you to be successful are 3 which I list down below

Maximum drawdown

This is an important key indicator of any trading results and have to be treated with top priority when choosing strategy to run on your MT4 EA platform. Any EA can have huge profit but is the losses that makes people scare and blown out thousand dollars trading account. If you set the maximum drawdown correctly, calculate it accordingly to your account margin with lots of buffer, you will achieve trading success consistently for years to come. Usually mine is 100% to 50% of the available margin.

Profit Factor

This is an easy formula. Just take the Profit divide by losses. Anything that is between 1.8 to 3 would be good. And it usually have to be over 30 to 52 weeks and more then 80 to 100 trades, then the profit factor would be consider a good indicator. As the fore market changes, some strategy actually works at some time and then dont work after that.

Constant modification

Usually a good strategy can be profitable at max over 1 to 2 years. And would have to be modify to achieve profitable over next few years. No single strategy can be profitable at all times. And using different currency to trade also plays an important part as currency market changes every 3 months according to supply and demand. So trends, sideway and gapping are always here and there. Therefore, always adjust your EA accordingly.

Click here for world best selling forex trading VIDEO: FAPTURBO 2

No comments:

Post a Comment

Top Forex Automated Trading Expert Advisor (EA)

Forex EAROI (Monthly)Profit FactorMax Draw DownS3 ScoresStar
FAP Turbo207%31.770.32%280 points5 starsRank 31,123
GPS Forex Robot28%3.935.68%260 points4 starsRank 283,290
Forex MegaDroid19.8%NANA250 points4 starsRank 72,310
Leo Trader Pro32%2.855.84%250 points4 starsRank 213,570

Fully editable *.mq4 files that compile successfully with no errors (3MB zip file with 200+ EA codes. Including 40+ strategies from the Strategy Book. You can download the Free Strategy Book by joining my email newsletter on the right side of this website. Click "Buy Now" to make payment and instant down the Best Forex Ranking Cook Book at USD $79 (One time payment only) Click here for more info

Please inform me if unable to purchase or download (send to