Trade management

1. There are 2 Trade Management Techniques Available
a. Dot to Dot
b. Grants Trade Management Technique
2. Trade Management Expert Advisors
3. Trade Management Scripts etc
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highlander
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Trade management

Unread post by highlander »

Hi I have been finding that I am mostly to slow in setting a pending order when i get a warning dot.The trade seems to take off while I am still setting the trade up.

1)Does it get faster with experience ?

2)I have been trying the trade management ea and clicking on buy or sell when a candle breaks out of the AIMS box is this the correct way to do it?

3)With this ea I am finding that when I click on the SL and bring it closer to the price,it moves but leaves a red line where it was,which flashes off and on slowly,but if the price comes back to the line I have moved it does not trip the SL it has to go back to the original position before it triggers.Could you describe exactly how this ea should be installed,maybe that is the problem
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Andreww
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Re: Trade management

Unread post by Andreww »

You may have made the same mistake as me the ea must be loaded on only one chart. If you have it loaded in say your 1minute and 5 minute chart it won't work.

Andrew
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immy
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Re: Trade management

Unread post by immy »

Answers:
1)Does it get faster with experience ?

Immy: I used to fin M15 very fast and would usually miss the setups because it was just damn fast. Then M5 looked like driving F1, M1 at that time used to be the unthinkable. M1 now is a boring slow moving chart for me! So yes, it does get faster. You adapt very quick, trust me! Pretty soon you'll be sitting there getting bored!

2)I have been trying the trade management ea and clicking on buy or sell when a candle breaks out of the AIMS box is this the correct way to do it?

Immy: No, this is not the correct way. You should ALWAYS set pending orders. The Dot candle must be inside AIMS Levels which means you always have time to set a pending order. In one of the recent videos about VE AIMS I have also shared quick ways to set a pending order. Please have a looksie!


3)With this ea I am finding that when I click on the SL and bring it closer to the price,it moves but leaves a red line where it was,which flashes off and on slowly,but if the price comes back to the line I have moved it does not trip the SL it has to go back to the original position before it triggers.Could you describe exactly how this ea should be installed,maybe that is the problem

Immy: As Andrew pointed you should remove ea from the m5 chart. If you have two MT4 charts or even platforms while logged into same account and trading the same currency pair, its a rule that EA must be attached to only one chart. that flashing red line suggest that you have two workers assigned to one task and they are fighting over it. :o3

I hope this helps!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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