Hei
Interested in your opinion - what is better to rely on in trading for you? Patterns? Tech analysis? News background?
Lately I have been experimenting a lot - I use several Expert Advisors (forex samurai robot, forex kickmax). I trade on the news. I started using the RSI + MA filter. Here are my conclusions:
1) I would not entrust my account to an Expert Adviser, but at the same time - with personal observation - it is quite possible. Samurai robot (H1) makes 2-4 trades per week and does not bother me much, makes a small contribution. Another adviser on m5 - I turned it off literally after 2 days. A lot of trades, very dangerous and just some kind of chaos in results.
2) Trading on the news (I found a device somewhere) - it’s clear that 50/50 - but in general I got a profit (I tried it 4 times, often I didn’t have time for the news - and I don’t use VPS. It turned out CPI, PPI and something else In general, 2 short TPs and one BE were taken.1 trade was in loss, but since the ratio of TP to SL on the news is 2 to 1, SL did not play a big role + part of the movement "eats" the gap from the price. Well, in any case, the TP/SL values were very small. I felt some pressure on myself 🙂 I was afraid slipparage, but all went good.
3) RSI + MA: the most favorite way, I take the direction of the trend from H1 by EMA, based on the direction of the trend, I adjust the RSI (so that there are more entry points along the trend).
And as usual 🙂 For me, the classics won, but everything is fine in the aggregate.
Profit to all, just thoughts out loud
Interested in your opinion - what is better to rely on in trading for you? Patterns? Tech analysis? News background?
Lately I have been experimenting a lot - I use several Expert Advisors (forex samurai robot, forex kickmax). I trade on the news. I started using the RSI + MA filter. Here are my conclusions:
1) I would not entrust my account to an Expert Adviser, but at the same time - with personal observation - it is quite possible. Samurai robot (H1) makes 2-4 trades per week and does not bother me much, makes a small contribution. Another adviser on m5 - I turned it off literally after 2 days. A lot of trades, very dangerous and just some kind of chaos in results.
2) Trading on the news (I found a device somewhere) - it’s clear that 50/50 - but in general I got a profit (I tried it 4 times, often I didn’t have time for the news - and I don’t use VPS. It turned out CPI, PPI and something else In general, 2 short TPs and one BE were taken.1 trade was in loss, but since the ratio of TP to SL on the news is 2 to 1, SL did not play a big role + part of the movement "eats" the gap from the price. Well, in any case, the TP/SL values were very small. I felt some pressure on myself 🙂 I was afraid slipparage, but all went good.
3) RSI + MA: the most favorite way, I take the direction of the trend from H1 by EMA, based on the direction of the trend, I adjust the RSI (so that there are more entry points along the trend).
And as usual 🙂 For me, the classics won, but everything is fine in the aggregate.
Profit to all, just thoughts out loud