Expert4x
Alex du Plooy discusses how to find good day trading settings without optimization, and his recent success in a trading evaluation. He emphasizes the importance of risk control and shares strategies for day trading, including direction, sensitivity, return on risk, and time of day. He also highlights the benefits of proprietary trading and the potential for skilled traders to trade other people’s money. He recommends investing in his two new day trading robots and creating personalized set files for professional trading success.
How to Find Good Day Trading Settings Without Optimization
Introduction
Becoming a professional trader requires skills and knowledge to find the best day trading settings. While optimization is a common approach to find the most appropriate settings, it has severe limitations. Finding good settings without optimization is the topic of this article, which will cover tips to be able to do that.
Using Day Trading Robots
Day trading robots have the potential to help traders find good settings, and they offer the ability to realize profits day by day, just like a traditional manual trader. Expert4x has developed two day trading robots that work on this basis, and traders are urged to invest in one of them. Day trading provides a fantastic opportunity for anyone to become a professional trader using other people’s money.
Managing Risk
While generating fantastic gains might be exciting for many traders, professional trading is more about never having drawdowns that threaten the balance on your account. Risk control is key to being a professional trader. Day trading robots provide the tools that traders need to apply good risk control strategies. Traders using these robots should have the ability to avoid big drawdowns and ensure that investment principles remain sound.
General Setting Strategies
Directional strategy is among the options that traders have to make regarding setting strategies. A trader may either reverse the trading logic or use the same direction. Often, the same currency on the same day could respond better to a reversal strategy in particular hours of the day, or a same-direction strategy later on when volatility plays a significant role. Setting sensitivity is crucial when it comes to fast or slow signals. Taking quick signals is ideal for fast settings that are best for traders who need swift signals, while slow settings are best for those who prefer the bigger settings of trend type strategies.
Return on Risk
Traders need to decide whether their targets should be bigger than their stops, whether their stops should be bigger than their targets, or whether they should be more or less the same. The choice of the return on risk can make a big difference, depending on how a trader wants to approach the strategy.
Day Trading Management Strategies
Traders must also know what limits to set when starting trading their account. For example, if losses become significant, hitting the loss target may necessitate stopping trading for the day and taking a break. Setting risk management tools for day traders is vital, as it can help a trader stay disciplined and achieve both long-term and short-term goals. Other key factors to consider include choosing the time of the day to trade and considering the volatility of the currency to be traded.
Conclusion
Learning how to find good day trading settings without optimization requires a blend of knowledge and skill. Traders need to use their best judgment and apply a disciplined approach, using day trading robots, and evaluating different setting strategies, return on risk, and day trading management strategies. While providing traders with great opportunities to earn stable incomes, day trading can be a challenge, but traders can learn and master these skills by updating their knowledge regularly.
