What you'll learn
The step by step process of constructing an expert advisor from scratch
Adding a custom chart appearance to an expert advisor
Working with candlestick patterns
Developing a multi timeframe strategy
Principles behind hedging strategies
Loss recovery techniques
Trade management ideas
Requirements
Basic knowledge of the MQL5 language
Description
While short-term predictability exists to some extent, long-term market prediction remains a complex task for most trading systems based on technical analysis. This inherent unpredictability poses significant problems for trading systems, particularly those based on traditional methods with fixed stop loss trade management. Over time, these systems can become ineffective as market conditions evolve.To address this issue and enable continuous profitability in the markets, it is crucial to adapt our approach and prioritize how we exit losing trades with minimal losses. This may involve delaying exits and focusing on locking in profits when our market direction predictions are correct. By implementing such a strategy, traders can navigate changing market conditions while still achieving growth and persistence in their trading accounts.In this course, I am excited to introduce you to the Harriet trading strategy. The Harriet strategy is a robust hedging approach designed to capitalize on strong momentum conditions in the market. It employs creative, yet simple and ingenious methods of trade management to maximize profits when correct about market direction and minimize losses when incorrect. By adopting this strategy, traders can steadily grow their accounts over time, irrespective of the dynamic market environment.The primary objective of this course is to raise awareness about trade management techniques that help reduce the impact of losses and enhance the chances of account growth, regardless of unforeseen market structures. This fosters a reliable trading edge that can withstand the test of time without the need for extensive parameter optimization, which often leads to overfitting, inconsistency, and low reliability in future markets.It is important to note that this course is intended for educational purposes only and does not constitute investment advice. While the Harriet trading strategy offers valuable insights and techniques, it is not a guaranteed path to instant wealth. Nonetheless, experienced strategy developers and algorithmic traders can find value in exploring new ideas and approaches to gain an edge in the market. These concepts can be applied to their own trading strategies to effectively manage the impact of losing trades.I invite you to join me in this course and delve deeper into the Harriet trading strategy. By enrolling, you will unlock a world of ingenious trade management creativity and discover how to navigate the markets with greater resilience. Click the enroll button now and embark on a journey towards new heights of trading success.
Who this course is for
Anyone seeking new ideas on strategy development
Prospecting algorithmic traders
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