That's great however I prefer PAMM accounts and signal providers from brokers to retain control over my account and control risk myself. Full management can be risky
Yeah correct it's just a way of marketing illegal forex trading (trading with bad brokers) because the idea of getting money under management is quite popular among traders. Also if you are really profitable they can steal your trading trick.
You had to try different brokers from your description it's likely that broker banned you because they traded against you and you made high returns, means loss for them. This is irrelevant for STP brokers like Hotforex or Tickmill
It's a combination of tools and approaches, there is no guide to profitable trading, because any publicly available guide will invalidate itself very quickly as soon as enough many people will start to follow it. That's why every approach is unique.
I use it with Hotforex and quite satisfied. Make sure you test it on demo with various settings, since different assets requires different values of the parameters of the EA
I use common levels like 20 and 70 to identify overbought and oversold levels, in my view it's better to stick to popular levels as they have greater chances to play out.
Great outline the problem is when you delve deeper into details complexity grows exponentionally. Trading is a hard business which requires a person to be multi-versed.
Trailing stops are great thing however not every trade goes in profit far enough where you can set trailing stop at breakeven and enjoy the safe trade. The share of such perfect trades from my experience is 20-25% only from all winning trades.
What trading terminal do you use? Hedge means a trading position which is intended to offset (compensate) certain type of bad outcome from another trading position. Like if you bought a stock you can protect yourself from decline of its price using put option.
I use only MACD and RSI to identify reversal and get momentum confirmation. Too many indicators can create conflicting picture that's why you have to pick right balance between complexity and accuracy (i.e. winning ratio) of signals.
I trade with Hotforex because my local banks won't give me leverage and without it short-term trading like scalping doesn't make sense. Also spreads at my local banks are pretty high.
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