$1,000,000 challenge

Hi.
Since in the previous post we received specific figures to achieve the main goal, now is the time to consider the next steps.

Obviously, catching 100% of the movement of a currency pair is more than a naive desire.
It would be more reasonable to take 9 points on 10 currency pairs or 22 points on 4 or something like that.
Therefore, we need to choose or create a certain trading algorithm that will potentially bring us several points of profit per day.

I'll be grateful to you for your ideas, favorite indicators or strategies.

So. First, let's try some standard indicators. I attached a few indicators to the price chart, and that's what I got.


  It seems too much for manual testing and optimization ... 

 Most likely it is necessary to create an EA... Yes, it will be much easier for us to analyze the indicators using the EA. Great! I'll do it in the next post.

If the CP said that he will do this, then he will8). And do not remind him about it every six months;)

Hello everybody!

If guided by textbooks on mathematics from elementary school, then I could become a millionaire three times, at least for last year:o.

So I decided not to make money wait for me. I have done some research and amassed some developments and now I’ll show everything here.

it feels like this challenge doesn't need to be done

Why? 

interesting $1,000,000 challenge but is it still valid?

To aim for a million in forex trading, it's important to understand that it requires a strategic and disciplined approach. While I cannot provide specific numerical calculations, here are some general considerations:

1. Set Realistic Expectations: Making a million in forex trading is a significant goal that requires time and consistent profits. Set realistic expectations and understand that it won't happen overnight. Avoid get-rich-quick mentality and focus on long-term success.

2. Develop a Trading Plan: Create a well-defined trading plan that outlines your strategies, risk tolerance, and money management principles. Stick to your plan and avoid impulsive decisions driven by emotions or short-term fluctuations.

3. Educate Yourself: Invest in your forex trading education. Learn about technical and fundamental analysis, risk management, and trading psychology. Continuously improve your skills and stay updated with market trends and developments.

4. Risk Management: Implement effective risk management techniques. Determine the maximum amount you are willing to risk per trade and ensure it aligns with your overall financial goals. Use stop-loss orders to limit potential losses and protect your capital.

5. Consistent Profitability: Focus on achieving consistent profits over time rather than aiming for large, risky trades. Aim for a favorable risk-to-reward ratio and maintain discipline in following your trading strategies.

6. Diversify Your Portfolio: Avoid relying solely on forex trading. Consider diversifying your investments across different asset classes to mitigate risk. Explore other investment opportunities such as stocks, bonds, or real estate.

7. Patience and Persistence: Forex trading requires patience and persistence. Be prepared for ups and downs along the way. Stay committed to your goals, learn from your mistakes, and continuously adapt your strategies.

8. Seek Guidance: Consider seeking guidance from experienced traders or mentors who can provide valuable insights and guidance. Engage with the trading community, participate in forums, and learn from the experiences of others.

Remember, making a million in forex trading involves multiple factors, and success is not guaranteed. It requires a combination of skill, knowledge, discipline, and a bit of luck. Stay focused, manage your risks effectively, and strive for consistent profitability rather than focusing solely on the monetary goal.