DonaldDuckie replies to: Trend Following Quest

brokertrader, I have 2 suggestions for you, not forcing you to accept.

  1. You are taking too much risk. First you must understand compound interest. By compounding small wins, it will get you more than having a roller coaster ride although roller coaster ride is fun and exciting.
  2. Respect the higher time frame trend. If you want to trade with trend, you need to look at multiple timeframes. For me, I look at Weekly, Daily, H4 and finally H1 before deciding what to do. This is the reason why I build an automated EA because it is too time consuming and confusing to keep looking at charts.

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