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从概念到盈利交易 (From Concept To Profitable Trading)

author emer | 0 人阅读 | 0 人评论 |
来源:ForexFactory · Trading Systems · 原帖链接
原帖作者:Rush2112
发布日期:First Post: Oct 21, 2019 4:44am | Edited Jan 27, 2020 11:23am

From Concept To Profitable Trading

Traders,

I am starting this thread to document the complete process of “From Concept To Profitable Trading”. This is a multi-year commitment where I am going to make the process of starting from scratch with a concept and building into a profitable trading system.

Philosophy

My goal is to become a professional trader earning income through trading and to say goodbye to my day job in the near future. Trading has always been a passion of mine and I have traded stocks and forex over the years as a hobby since 2001. Over the last year, I have been trading the futures market and looking to apply similar concepts to a Forex battle plan.

I have had a successful business career (still in progress), just entered my 50’s, and my kids are now older about ready to leave the nest. Those of you with a young family knows the challenge of providing for them and attempting to make a change from stable employment to trading. With those responsibilities winding down, I am now in a position to chase my passion.

I would imagine most people on Forex Factory are in a similar position. You love trading and you are trying to figure out how to make it your day job. I hope this journey will help some of you in some form or fashion.

Much of the information about completing this process is detailed. Instead of writing a novel here, I will share as much information via short videos (approximately 20 mins) of the information I am processing. Instead of reading pages and pages of information, short videos may be easier for people to follow. In addition, I will create a YouTube channel called “From Concept To Profitable Trading” which will store videos generated.

As you can see from my philosophy, I treat this very seriously. Trading is a business and money is involved, so it should be serious. If you decide to participate in this thread (and you are welcome) - be respectful, stay on point and have transparency. People who work together learn from each other for continuous improvement. As I will explain in some of the concepts, we will fail, make mistakes and lose trades – that is part of the process and the business. If you are participating in Forex Factory for social media enjoyment and to create drama, please go to another thread where that is the intent of the owner.

Finally, I believe in keeping it simple. No indicators will be used, simply price action, structure and a few drawing tools.

Objectives

To systematically create a profitable trading plan AND execute it consistently to achieve 20 pips per day

Develop a profitable trading account with minimal financial investment and risk

Document this process to share for the benefit of others

Process

Review Market & Institutional Trading Model Concept - Post #8

Trading Idea To Match Market Movement - Post #12
- Probabilities, Risk:Reward, Stop Loss

Money Management Plan - Post #14

Draft Trade Plan

  1. Overview - Post #18
  2. Pre-Trading Analysis - Post #19
  3. ABCD Pattern Criteria - Post #28
  4. Trade Entries - Post #29
  5. Trade Management / Money Management - Post #30

Discipline and Emotional Control

Open $1,000 Demo Trading Account With Public Results Viewing For Transparency - Complete and attached to the thread

Adjust Trade Plan Until Positive Expectancy and Profitability Is Achieved - Complete

Open $1,000 Live Trading Account With Public Results Viewing For Transparency - Complete

Once $2,000 Has Been Achieved, Remove $1,000 Investment

Continue To Grow Live Trading Account By Following The Trade Plan

Tools Used On My Charts

MT4 Renko Bar Chart Converter

This "indicator" will take your online chart and convert it to a Mean Renko Bar chart, which is offline. Since MT4 does not have Renko capabilities, this file helps develop/convert the chart for analysis into a Mean Renko Chart. The offline chart is real time and is built from your online chart. All is the same and you can perform all functions, but you must maintain the connection with your online chart. For example, if you delete your online chart, of course the offline one will not work. I use the chart and set it to the ATR based measurement of the bar size, which will auto adjust as the ATR expands and contracts. To view the longer term (similar to an H4, I use 3X the ATR setting and manually change). I am not affliated with the company who produced the file, however it is a $45, one time lifetime license. You can find it at https://ovo.cz and is called Mean Renko Bars.

ADR

This indicator is from Davit's Pivot Trading thread. It is simple, clean and easily adjustable. My settings are below:

Attached File(s)
File Type: ex4 ADR_v21.ex4   11 KB | 532 downloads | Uploaded Jan 27, 2020 4:40am

Attached Image (click to enlarge)
Click to Enlarge

Name: ADR Settings.png
Size: 65 KB


Swap

Pretty simple and just to be aware of swap values, should positions be held overnight. Settings are below:
Attached File(s)
File Type: ex4 Swaps Spread for Chart Symbol.ex4   22 KB | 432 downloads | Uploaded Jan 27, 2020 4:41am

Attached Image (click to enlarge)
Click to Enlarge

Name: Swap - Spread Settings.png
Size: 66 KB

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