Trading 111: Developing a Trading Plan for Live Trading on MT5

Course info:

What You’ll Learn

In this lesson, you’ll learn how to:

✅ Define your trading strategy (entry & exit rules, risk management).
✅ Set daily, weekly, and monthly trading goals.
✅ Create a checklist for live trade execution.
✅ Track performance with a trading journal for continuous improvement.

Introduction

A trading plan is essential for transitioning from backtesting to live trading. It provides structure, prevents emotional trading, and ensures consistent decision-making in real market conditions.