My way ... and the result

DixaDex

Trader
May 31, 2023
4
0
6
44
World
Greetings!

I wanted to tell you about my experience in Forex and what I came up with in the end.
Back in 2003, I got acquainted with such an interesting concept as Forex, there was a restless involvement in this interesting activity. My eyes were glowing, I wanted to earn a lot and quickly.

At first, like all beginners, I opened demo accounts and "played", but in the end I always almost got a plus, profit! I was shocked, and my aura was filled with an incredible energy of freedom and understanding that-THIS IS IT! I'm a master! What's so hard about it? After all, you can earn money!
I later realized that this was the "novice effect".

On the wings of happiness, I went to the bank and took out a loan for 3 000 USD.
I opened a real account, credited money to a trading account, and when I saw real money on my trading account, a certain veil of simplicity disappeared even then.
There was a certain slight fear, doubt.

On demo accounts, I traded without a system, using most of the cluster indicators: MA, MACD, and others. I used classic technical analysis with support and resistance levels. But that wasn't the system. I traded "like everyone else".

Before opening a trade on a live account on the EUR/USD pair in 2004, I thought for about an hour, analyzed something, it is not clear what. I looked at the indicators, rechecked them, and decided to open my first trade on a live account.

I didn't really follow the economic news at the time, and I thought that this was some kind of unimportant parameter. And that was one of the first mistakes...!
After opening the deal on the same day, I got on Nonfarm Payrolls.

At the release of data on this news, the price began to fluctuate very powerfully, in my veins the blood gradually froze and warmed up sharply under the release of adrenaline, and after a while it froze again, this was the beginning of steel hardening…
I then opened a trade without applying "risk management" and one trade was like 10% of the deposit. The price immediately went in the negative direction of my trade by more than 170 points and grew…

When I saw after 4 hours that the price is slowly growing and does not return back, I was discouraged and very depressed – after all, all my dreams collapsed at once.
The deal was suspended for 7 days, every day I prayed that the price would come back…
I got up at night, watched the chart on the monitor, but the price was at higher levels and continued to grow.

It was a shock!

Apparently since then the first gray hair began to appear

After 7 days, I plucked up the courage and closed 55% of the deposit at a minus, at a loss.
The weekend came, and I spent the whole two days analyzing my mistakes and understanding the "zen" in the Forex world.

And it was decided to create its own trading system. I used banal methods to find matches from one point of historical quotation data to another point. I compared the data.
Several dozen trading systems have been developed. The systems were based on indicators, without indicators, on the search for evidence, etc.…

Before 2005, I still leaked (lost) the balance of my credit money in my live account.
I concluded that it wasn't mine. And he continued to do his main business, in particular in the field of programming.

But the idea of the possibility of a stable income on Forex did not let me go…
 

DixaDex

Trader
May 31, 2023
4
0
6
44
World
I remember learning about the "Metatrader 4" trading terminal in 2005, and some brokers have already started implementing this technology. I downloaded this terminal and began to study this program.
I was shocked by how flexible and convenient it was to use this terminal, everything was perfect. Necessary classic indicators, ease of working with charts.

The option of opening and closing orders, limit and stop orders (pending) was implemented efficiently — it was just great!

This is what was so lacking to develop a good strategy. Just this one!

Trading in the style of "Hedging" - +++ !

The icing on the cake was that MT4 had its own programming language MQL, with which you can make your own indicators, scripts, and robots. When I found out about this back in 2005, I was-amazed!
After all, I suffered, "on my knee" invented my own strategies and systems. But they could not be effectively tested on a large history of quotations. And then such a gift! Wow! It turns out that you can also test the robot on the history of any currency pair! Applause to the developers! BRAVO!

And then I began to glow again with a bright flame, I could not see anything in front of me and around me.
I only saw THE TARGET! And this goal was the perfect trading system! A trading system for Forex, thanks to which I will be able to earn steadily and for a long time, as long as Forex exists!

The state was as if "you fell in love". You flutter like a butterfly, and you know that you can do ANYTHING!

Nothing is impossible-no!

Especially thanks to such a unique tool as the MQL language and the "Strategy Tester" in MT 4.
In anticipation, I began to delve into the MQL language. After learning the basics of the language in 4 days, I started writing my own indicators and robots. I implemented my ideas and best practices. What was on the sheets was saved in "Word documents" - I transferred it to the program!

I was 100% sure that the "grail" is already mine, I will develop it, invent it! There are no other options!
I remember in 2005 there were about 20 different ideas in terms of strategies, all of which I implemented for 2 years, until 2007.
This period was special for me, I took off the layers of rose-colored glasses for 2 years, each layer, each time. At first, the layer of rose-colored glasses was so pink that I was just glowing with happiness

My stage was like this:

1. There was an idea, usually before going to bed, or at night. I wrote it down in my notes.
2. I thought about this idea carefully;
3. "Hands" performed a check on the chart;
4. I was convinced that yes! It will work perfectly. Joyful expectations
5. Started writing the indicator.
6. I checked the indicator on the chart "with my hands", checked the entry and exit points. Joyful expectations
7. To test the indicator and entry and exit points from the market – I wrote under the robot indicator;
8. I TESTED it on stories!
The saddest item on this list is the 8th item. Many experienced people will understand me.

Testing for stories showed the realities of life, as if you were doused with ice water. Removed a layer of rose-colored glasses.
The strategy tester showed "draining the deposit". Relentless decline in the graph curve ... losses... losses…

Apparently, when I developed a strategy and tested it for a short period of time, I subconsciously ignored some losses, I only saw good things! Profit. But this is nothing more than a "human factor", and a computer is a computer…
My thoughts then ran through waves of " you're a loser...you're a loser..." …

I understood that to achieve success, you need to go forward. You should not give up, because after a series of failures, there will always be a successful option, success, discovery!

I knew it.

And I was convinced of this later.