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ScutumSobiescianum t1_j6bfjgi wrote

Oh my, seems like too many maths traders instead of momentum traders. Stop losses should always and forever be set not on numbers but on momentum trendlines. You’ll save yourself plenty of pain that way and maximise your risk reward scenario.

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United-Display-386 OP t1_j6bftak wrote

Involved to trading for last 2 years. Failed miserably because of emotional side do I decided to build an algorithm which can help people to avoid the same mistake ( I hope so😄)

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ScutumSobiescianum t1_j6bnp4z wrote

Drop the algorithms and go with actual state of play, in otherwords follow the trend. Trend is broken, you sell. Otherwise you keep moving your stop loss up to run with the momentum. Been trading for years and our records are for all to see, as long as you are disciplined and follow a strategy most trades are going to be winning ones.

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United-Display-386 OP t1_j6bhipu wrote

My algorithm works on fundamental ( which I hope I can spend as less as possible to trade but make up a stable daily imcome😁)

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