Proper risk management?
Proper risk management?
Well this is it guys because today i would like to share this tool that can help us to have a proper risk management when it comes trading..
Its a free tool actually and it’s called winrate.io
This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage
Infact you can run your own strategy as well to see it if it’s good or not.
See the image below..
60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..
You can do back-test on Trading View as well if you can code script and have proper skills in trading. You can not code a good script which helps you to eliminate your emotion and get profit if you don’t know which indicators to add into your bot, script.
Script, bot only is helpful because it works 24/7 and does not have emotion like human. No fear, no greed, it works based on indicators you set it up. You can not apply trading method in a successful bot and get same win rate. Because when you do it manually, you will be affected by emotion, fear, greed which in turn reduces your win rate generally.