According to the testimony of several participants, the Workshop held at Amaris Hotel, Surabaya on January 26th - bringing unique material and opening new insights. Rarely found, other trading seminars that lift trading techniques based on Divergence signals. That is also the reason why participants willingly come all the way from outside the city of Surabaya.
Workshop material was presented by Rico F. Yapotra, a professional trader with trading experience using Divergence for 5 years. According to him, commonplace if not many other educational media carrying the unique trading techniques. Because the Divergence signal is actually a deviation from the movement of the indicator. So it takes preparation and capital management skills qualified before trying this "typical" trading signal.
Risk Control Is The Key To The Success Of The Trading System
Before entering the trading system discussion, the speaker insists that there is no Holy Grail method in the Forex market. That is, the trading system he taught will not magically produce a 100% Win Rate. But need to be underlined, a professional trader does not need a perfect trading system to generate profits. They put forward the rules of open and close tight position so that trading account can generate bigger profit than accumulated losses.
Reviewing the Contrarian trading system, Rico F. Y. first introduces the concept of majority trader sentiment. He explains in detail how to choose the most potentially traded pairs based on the balance dynamics between the Buyer and Seller. His name is Contrarian, meaning the trading system is designed to counter the sentiments of most traders.
Once the target pair criteria are met, participants are taught to identify Divergence symptoms in the indicator of choice. Rico F. Y. says, he relies on RSI and MACD indicators as the main benchmark for Entry.
Again, the speaker reminds that the obligation of the trader is to comply with Entry (open) and Exit (close) positions. The next price issue will move where, it's actually beyond the power of the trader. Therefore, the mentor re-emphasizes the importance of risk control in the next session, namely Trading Psychology.
As a professional trader, Rico F. Y. always prioritizes how much risk to be ready to accept every open position. Of course, the magnitude of this risk is not determined simply. Therefore, the speaker requires the participant to use the lot calculator.
Before proceeding to the next material, the committee gives time for the participants to perform the Friday Prayer. At the same time, participants can also enjoy special culinary from Hotel Amaris - starting from Main Course; Hainan soup, grilled honey chicken, kwetiau fry until dessert; ice tape, Fruit Slice, and so on.
The Power of the Probability Concept
With a clear mind and a stomach filled, the Workshop class is gassed again at exactly 13:00 pm. Moving the clutch from trading system and risk management application, Rico F. Y. menggeber trading paradigm with Positive Expectancy bonus material.
To demonstrate the power of Positive Expectancy, Rico instructed some participants to throw double-sided coins several times. Before the experiment runs, he launches a question to the participants, "if the coins have [the sides] of pictures and numbers, right? Percentage of possibilities if I throw [the appearance] of what image? "
Some of the participants responded with hesitation, "50 percent?" Rico again challenged the participants with the follow-up question, "if I throw 10 times, is the result always 5 5?"
From these experiments, participants get insight valuable, how professional traders can make a profit even though occasionally they have to bear the losses.
Application of Trading Divergence System In Live Trading
Two hours before the Workshop ended, the speaker used the remaining time to practice how his trading system works. All participants are also ready to follow the practice through each trading terminal.
The first step, the penyilik looking for a pair with the dominance of Bearish or Bullish sentiment. Next, Rico uses Divergence trading signals to identify trading opportunities.
Before opening the position, once again Rico reminds participants to use a lot calculator to calculate the number of lots, risks and profit targets. After all Entry rules are met, then the market order is executed.
Finally, when the Exit rules have been reached, then the position must be closed, whatever the outcome - Win or Loss. The goal is, by following strict Entry and Exit rules, the total profit gain is projected to outweigh the temporary losses.
After the Workshop ended, communication between participants and presenters continued. Seputarforex prepares an online container in the form of Telegram group so that participants can discuss the development of Skill trading based on the material that has been studied.