15d (edited) • 💬 General discussion
REALLY IMPORTANT: Set Your Expectations
The bot does exactly what you set it to do, with no emotion.
We can’t control the market but we can control our strategies within the market.
The challenge is seeing the right set up for the conditions of the market.
The bot allows you to enter automatically with conditions that you choose.
You want tight losses? Set it up like that
You want exact 1:3 ratios? Set it up like that
You want to allow drawdown? Set it up like that
You want maximum of 4 trades running? Set it up like that
You want break even set as early as possible? Set it up like that
You want trailing with a big gap? Set it up like that
You want it to only manage trades that you place manually? Set it up like that
Are you getting the idea? It’s not designed to be perfect in every market with one setting. That’s impossible
It’s designed to allow you to trade how you want to automatically, without emotion, whether you’re looking at the charts or whether you’re asleep.
I have it programmed with virtual stop loss so I can stay in trades without losing and then supplement it with manual trades that it manages for me. That’s my style. But my style probably won’t work for you because you’ll get nervous when you see trades in hefty drawdown.
And that’s perfectly ok.
You find your style of trading and program the bot to trade that way for you.
Over the weekend I’ll be putting out some set files (pre loaded settings) for different market conditions, so you can experiment on your demo account and find the ideal settings that you feel most comfortable with.
I expand on this more here: https://www.skool.com/gold-trading-bots-2132/classroom/7242447d?md=b01ea04beb0d4d2389af42522fbb914c
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REALLY IMPORTANT: Set Your Expectations
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