Niclas, Author at Niclas Hummel Trading

Author: Niclas

Manage Trades with Scripts in MT4 – The Comfortable Package

July 29, 2020
Niclas

You want to take a trade with given risk parameters and have to measure the pip move, then calculate your position size and then open the order tab, clicking the volume field, and then placing the order… Well...

10 Tips For Better Risk Management in Trading

July 26, 2019
Niclas

“Trading is managing risk and being a trader is being a risk manager.” This simple statement implies two realities: There is always riskThe only thing you can do is manage it So what...

Risk Simulation: What can you expect from your Trading System?

May 1, 2019
Niclas

A Monte Carlo simulation projects your trading system’s equity curve into the future. You only have to know the average loss, average win and hitrate of your system. Because I could not find a good...

How much Money can you make in a Year Trading?

April 19, 2019
Niclas

The dream to make a fortune trading in just a year is what gets many traders in the game. Committing to the profession of a trader one spends a lot of time and energy on learning and practicing this...

Top Quotes of Trading Legends

January 1, 2019
Niclas

Learning from succesful people always makes sense. Moreover, they were successful because they learned and continued to learn from others. Here are 9 traders who made a fortune trading in the past. George...

Stopping the Habbit of Repeating Mistakes

December 19, 2018
Niclas

Insanity: doing the same thing over and over again and expecting different results. This quote from an unknown source declares almost everyone for insane. What is insanity? It’s a state...

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