Simple H4 Mobile Trading System
I've opened a thread on the journal forum to share this strategy since I'm still testing it. The results were promising, so I decided to share them here.
Please note that I have only started for 1 month and the results are not enough to draw any conclusions. Some people have tried it and had positive results. Please visit here for details: https://www.forexfactory.com/showthr...7#post11550457
Too many traders focus on risk-reward ratio (RR). However, this is what they assume if price action (PA) gets to where they want it to be. Often, however, PAs don't reach the level they want and reach SL
I asked myself how to become a consistently profitable trader? So my conclusion is that the win-loss ratio is more important. Money management is undoubtedly fundamental.
All you need to execute this strategy is your phone. I only trade all USD, EUR, GBP and JPY currency pairs
***background***
Last June, I spent about $10,000 to learn Forex from someone I once considered a "mentor," and then I learned I could get the same knowledge for free on Babypips.
I lost another 10k using the method he taught me and the strategy of jumping to FF. He had decades of experience trading Forex, and that same year he lost $40,000 of my mom's $50,000 capital. This shows that he is just an incompetent trader (liar).
However, I am not a person who gives up easily. So based on those lessons learned and my knowledge, I came to this conclusion. There is no need to blame others and be a crybaby. I can't get my money back.
Not exactly my strategy, but I hope it does work so I can pay my mom back. If you're interested, feel free to try it, and if it doesn't suit your style, you can skip the topic. No one is forcing you to try it, so don't type unnecessary comments.
**********renew************
September 18: +26%
October 18: +15%
November 18: -3% [Target price 150]
December 18: +11%
January 19: +14.7%
Please note that I have only started for 1 month and the results are not enough to draw any conclusions. Some people have tried it and had positive results. Please visit here for details: https://www.forexfactory.com/showthr...7#post11550457
Too many traders focus on risk-reward ratio (RR). However, this is what they assume if price action (PA) gets to where they want it to be. Often, however, PAs don't reach the level they want and reach SL
I asked myself how to become a consistently profitable trader? So my conclusion is that the win-loss ratio is more important. Money management is undoubtedly fundamental.
All you need to execute this strategy is your phone. I only trade all USD, EUR, GBP and JPY currency pairs
***background***
Last June, I spent about $10,000 to learn Forex from someone I once considered a "mentor," and then I learned I could get the same knowledge for free on Babypips.
I lost another 10k using the method he taught me and the strategy of jumping to FF. He had decades of experience trading Forex, and that same year he lost $40,000 of my mom's $50,000 capital. This shows that he is just an incompetent trader (liar).
However, I am not a person who gives up easily. So based on those lessons learned and my knowledge, I came to this conclusion. There is no need to blame others and be a crybaby. I can't get my money back.
Not exactly my strategy, but I hope it does work so I can pay my mom back. If you're interested, feel free to try it, and if it doesn't suit your style, you can skip the topic. No one is forcing you to try it, so don't type unnecessary comments.
**********renew************
September 18: +26%
October 18: +15%
November 18: -3% [Target price 150]
December 18: +11%
January 19: +14.7%
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