crixus replies to: There is no Magic Moving Average


Without intensive risk management, you will lose many trades. No matter if you are a scalper ( e.g take profit before a 1:1 risk:reward is achieved) or a trend follower (leting the trade run and following with trailing stop) your nr.1 goal shall be the risk management! Always. So, cover after a quick explosion, (close 50% of your lot size and move stoploss with 2-3 pips in favor of breakout to cover the trade costs) this way you will have a risk-free trade with no loss and will filter many bad trades wich have fake strong momentum. Like this one.

“Remember that if you practice strict money management rules, you will become the casino and in the long run, you will always win.”

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