Multi-Symbol Trading Manual – My Trades – January 24, 2024

By following these 5 things, you can start trading multi-symbols without using EA. But it’s not easy. This is where the monitoring problem arises. I’ll share the problem I encountered and how I solved it. With multi-symbol trading, traders require very fast performance because prices move in milliseconds, but placing an order and entering sl tp entries typically takes 15 seconds or more, no matter how fast, and this also opens up the possibility of human error. there is. Small mistakes can lead to financial losses. Therefore, traders must place orders manually using EA. For example, traders are encouraged to create semi-automated systems that perform 80-90% of the analysis automatically and 10-20% with manual intervention from the trader. for example.

For MT5: https://www.mql5.com/en/market/product/97761

For MT4: https://www.mql5.com/en/market/product/97767

It’s a very handy utility, multi-symbol, that simply double-clicks on the chart to display alerts and notify you when prices are reached. You can switch charts on the same chart and warnings will not be deleted.

Without an alert system, you cannot perform multi-symbol trading, including retail trading methods such as pivot Fibonacci, chart patterns, etc.

• 3. Trade monitoring : It is impossible and very dangerous to maintain the position and track it manually in multiple symbols, but signal search can be done by programming in mql5, so it is not a problem.

Therefore, the trader must code the strategy search signal, but only make one trade, and until the trade is closed, the trader is advised not to open another trader for peace of mind. This can be done with a fully automated system, but it should not be done manually.

Each symbol has its own characteristics. For example, what works on a gold chart cannot be guaranteed to work with the same accuracy on EURUSD. So keep this in mind. A strategy may reflect 60-70% accuracy, but it will not work 100% the same as working on a single chart. For example, if you have done research on a gold chart that gives you a sniper accuracy of 95%, the same would work for other symbols such as EURUSD, but the accuracy may not be exactly 95%, it may be 60%. So, always focus on one chart, stick to it and slowly expand to other charts. For me, 5 symbols are enough, but there are over 240 symbols in cryptocurrency and I can’t trade them all knowing that our strategy will work on every chart. The reason is clear. Although there is not enough backtesting data for each symbol, you can put in 6 months of effort studying a single symbol and you will find it more rewarding than studying multiple symbols, so multi-symbol trading should only be done by successful people. Single symbol trading.