Guys Today i will tell you how One Click Trading Option in MT4 can wash your account ..
When new traders practice on demo they place random lots size .
Mostly they use 0.01 --- to --- 0.10 for money management practice.
So they open many chart like forex pairs , Index , Stocks Commodities ect .
They trade on all charts and place randomly trades..
Some Stocks or Commodities only allow Standard lot..
So they place standard lot like on OIL .
Mostly All Demo Traders use One Click Trading for place trade because its easy ..
One Click Trading is easy and fast for demo trader because demo trader use Facebook , Youtube ect on background .
So Now When they open real account in same broker and use same MT4 , Same Charts , Same Templates they mostly forget to edit One Click Trading lot size ..
And when they place first trade and click on ONE Click Trading , Trade Place with same Lot Size which they use on demo .. And Mostly its 0.50 or may be standard lot ..
Which is not according with capital and risk percentage ...
When they realize, they place wrong lot size which is Big .
So now they think if our first trade hit SL its not good for starting real account.
So they place Big SL and Small TP .. And Guess What SL hit because fear come .
Then they place double lot size to recover loss , as you know, all new traders do this ...
And again this time SL , SL ,SL Account Wash...
Now Another One Click Trading Trap ...
For Example you place trade with 0.10 lot size and your trade in profit and you want to close half trade or above half manually. So for this purpose you double click on order and close above half which is 0.06 .
Now the close lot size 0.06 automatically apply on One Click Trading and also on all charts ..
So next time when you click on One Click Trading You will see 0.06 already Set in One Click Trading . Many times Trader see big candles and Volatility and quickly click on One Click Trading Button and enter with 0.06 lot size which is already set in One Click Trading .
So Avoid One Click Trading System ...
Now Another One Click Trading Trap ...
When you open those charts which only allow standard lot like OIL, index or Some Stocks.
One Click Trading Automatically Set Standard lot ...
And when you Drag and Drop any Currency pair from Market Watch on Same Chart then you see Bullshit One Click Trading still show Standard lot for Currency pair ...
Why Trader Drag and Drop currency pair on OIL, Stocks , Index Chart ..Because you wanna use same template with all good settings ..
Many times trader place standard lot accidentally just because One Click Trading System ..
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Now My Recommendation ......
Always use New Order Button .
Now Share this information with your Friends ...
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