The importance of backtesting and sticking to a strategy
Hi all, I just wanted to share my trading experience with you so far, and maybe help some people who may be in the situation as I am. I started trading about 2-3 months ago. I started with baby pips, opened a demo account, and got cocky a couple weeks into it and made a live account with $100, and every other week or so put $20 extra in. (thank God I didn’t put it more than that). Today, my account stands at around $68, with a total P/L of -$131.76. I have been really uncomfortable losing money, even if it’s not a lot, and that uncomfortableness forced me to realize my mistake. I thought I could half ass a strategy and be a winner in forex, and the market humbled me extremely quickly. I actually didn’t have a strategy at all. It was a lazy mix of a bunch of different typical strategies I saw on YouTube. I also let my emotions get into trades, after a losing trade I would get back in the market in the opposite direction to try and make up for my loss. All bad, I know. I was too cocky. Just like anything difficult in life, you cannot half ass forex. I spent all of Friday testing an EXTREMELY simple strategy on 4 major pairs, and out of 93 total trades over the last 6 months, the win rate of my strategy is 73%. From now on, I vow to ONLY make a trade when my strategy presents itself. Moral of the story is, if you think you can half ass forex, you better wake up right now. Find a strategy, backtest it, and only trade said strategy. Have some discipline. Here is my extremely simple, backtested strategy with a 73% win rate that I got from The Trading Channel on YouTube: Indicators: 200 EMA Requirements: 2 wicks IN A ROW that TOUCH the 200 EMA, that have candle bodies that both close above or below the 200 EMA. If both candles close above the 200 EMA, go long. If both candles close below the 200 EMA go short. Stay extremely strict with the rules of the strategy. Here are the pairs that I have tested this strategy on over the past 6 months, that total a 73% win rate: -GBP/USD: 18/27 winning trades (67%) -NZD/USD: 15/27 winning trades (71%) -EUUSD: 15/20 winning trades (75%) -EUGBP: 20/25 winning trades (80%) All backtesting was done on the H1 chart. I tried on the daily and H4 charts but the frequency just wasn’t enough. In the video that I got this strategy from he was trying to highlight the importance of the frequency of your strategy. Even if it may have a really high winning percentage, if it only happens once a year it’s not a good strategy. Also on a side note, I’ve seen a lot of conflicting opinions on whether or not the US election will effect USD pairs, do you guys think the election will mess with my strategy this upcoming week, or should I just trade my strategy and pay not attention to the results of the election? Thanks for reading, and happy trading Sincerely, u/emopatriot
Hi Everyone, So for the longest while, I have been looking for an indicator in MT4. I want a sma which changes colour like green, when it turns up, and changes another colour like red, when it goes down. I have seen people using this on other platforms, but I was never able to find something similar for MT4. Anyone know where to get such a thing?
My current Forex trading plan and results, what you traders think?
Chart Indicators: A. ATR(14) B. Baseline Indicator: Ichimoku[baseline] C. Volume Indicator: WAE_Ext D. Confirmation Indicator #1: EMA(20) E. Confirmation Indicator #2: WAE_Ext F. Exit Indicator: Price action -- Find, trade, and exit buy\sell position plan: Check FXTT Scanner[MT4:M30] verify with 2nd Conformation Forex Scanner[TradingView] check MarketMilk status if buy\sell position found make buy\sell trade[MT4] monitor buy\sell position(s) for exit on Tradingview[Heikin Ashi Chart: M15]. my current trading results using the above trading plan 10/05/20 week before 09/24/20
I was creating photos including trading tips and then I collected it to write an article on those tips !
I have so far created tips on strategies like • Price Action Trading • Range Trading Startegy • Trend Trading Startegy • Position Trading • Day Trading Startegy Price Action Trading :- This type of trading strategy involves the study of historical prices to formulate technical trading strategies. It is used by retail traders, speculators, arbitrageurs and trading firms who employ traders. Range Trading Startegy :- This strategy works well in market without significant volatility and no discernible trend. Technical analysis is the primary tool used with this strategy. Markets trends about 30% of the time which means the other 70% is a trading range. Trend Trading Startegy :- Trend trading attempts to yield positive returns by exploiting markets directional momentum. Position Trading :- This is a long-term strategy primarily focused on fundamental factors.This strategy can be employed on all markets from stocks to forex. Day Trading Startegy :- This is a strategy made to trade financial instruments within the same trading day. Its one of the most famous trading strategies. All these strategies are available on this source with pictures :- https://jaskaransaini.com/forex-trading-tips-with-pictures/ Indicator Basics are also here ! Indicator Basics MACD- BUY/SELL SIGNAL RSI- OVERBOUGHT/OVERSOLD BOLLINGER BANDS- VOLATILITY LEVELS 9 EMA- SHORT TERM TREND 21 EMA- ENTRY/EXIT POINTS 50 EMA- PLACE STOP LOSS 200 EMA- LONG TERM TREND VWAP- INTRADAY BREAKOUTS ADX- STRENGTH OF THE TREND
• PRICE ACTION TRADING RANGE TRADING STRATEGY TREND TRADING STRATEGY POSITION TRADING DAY TRADING STRATEGY Indicator Basics MACD- BUY/SELL SIGNAL RSI- OVERBOUGHT/OVERSOLD BOLLINGER BANDS- VOLATILITY LEVELS 9 EMA- SHORT TERM TREND 21 EMA- ENTRY/EXIT POINTS 50 EMA- PLACE STOP LOSS 200 EMA- LONG TERM TREND VWAP- INTRADAY BREAKOUTS ADX- STRENGTH OF THE TREND Price Action Trading :- This type of trading strategy involves the study of historical prices to formulate technical trading strategies. It is used by retail traders, speculators, arbitrageurs and trading firms who employ traders. Range Trading Startegy :- This strategy works well in market without significant volatility and no discernible trend. Technical analysis is the primary tool used with this strategy. Markets trends about 30% of the time which means the other 70% is a trading range. Trend Trading Startegy :- Trend trading attempts to yield positive returns by exploiting markets directional momentum. Position Trading :- This is a long-term strategy primarily focused on fundamental factors.This strategy can be employed on all markets from stocks to forex. Day Trading Startegy :- This is a strategy made to trade financial instruments within the same trading day. Its one of the most famous trading strategies. Source :- https://jaskaransaini.com/forex-trading-tips-with-pictures/?_gl=1%2Aks9kf3%2A_ga%2AYW1wLVNDZWZTcnlrbXdONGJ3UlBFSUVfWWc. Above article include trading strategy with pictures , please if you know another strategy. Please tell that in comments and make me know !
EMA Indikator runterladen ›› Ähnliche Indikatoren. HVR Indikator; ZZZ Indikator; ROC MA Indikator; CMO Indikator; Dt RSI Sig Indikator; QQE New Indikator; Anything Indikator; MPC Indikator; Schlagwörter Gleitende Durchschnitte, Trend Indikatoren ← SMA Kreuzung Buy/Sell Indikator → DMI Indikator. Professionelle Systeme. Ihre Vorteile Kauf- und Verkauf-Levels Empfehlungen Stop-Loss ... Make sure you price as well as evaluation EMA CROSSOVER Signal mq4 Indicator. This particular free of charge Indicator for the MetaTrader Customer is actually on the internet following a brief duplicate as well as insert. Obtain this particular Indicator right now free of charge – a person don’t need to sign-up it’s completly free of charge. The actual EMA CROSSOVER Signal mq4 Indicator ... EMA - Exponential Moving average - gives priority to most recent data, thus reacts to price changes quicker than Simple Moving Average. WMA - Weighted Moving Average - puts emphasis on most recent data an less - on older data. Most common settings for Moving Averages in Forex. 200 EMA and 200 SMA 100 SMA 50 SMA 34 SMA 20 EMA and 20 SMA 10 EMA ... The Ema Trend indicator is, as the name suggests, an trend-following indicator. It consists of four exponential moving averages. It’s goal is to identify main trend direction of any currency pair. It works best during strong trending markets. tren Default indicator input values are following: FastMAPeriod: 21, SlowMAPeriod: 34. How to trade with EMA Trend […] Forex Trading Strategies Installation Instructions. 200 EMA Forex Swing Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template. The essence of this forex strategy is to transform the accumulated history data and trading signals. Thank you for providing this EMA. Works perfectly, easy to set up Ein EMA Indikator wird umso präziser, je weiter Sie zurückgehen; im Idealfall legen Sie also sehr viel mehr zurückliegende EMA-Werte zugrunde. Jede Trading-Plattform, die was auf sich hält, stellt Ihnen den Algorithmus für den exponentiellen gleitenden Durchschnitt zur Verfügung. Sie müssen sich daher keine Sorgen um die Komplexität der Berechnungen machen. Werfen wir also jetzt einen ... The EMA indicator uses “period” and “price”, as does the SMA, but fresher prices are given more weight to make the indicator respond more quickly to market changes. Since it reacts more quickly, it is prone to generate more false signals. The EMA works well in tandem with another EMA in strong trending markets, but the use of an EMA in a sideways market is not recommended. Since the ... Location of the EMA indicator in the terminal Settings of the EMA indicator So, unlike to simple average, EMA can react to the price change only once, in the process of its receiving. Due to this fact, the exponential average is considered to be more preferable for usage in the process of trading on Forex. The EMA is a moving average that places a greater weight and significance on the most recent data points. Like all moving averages, this technical indicator is used to produce buy and sell signals ...
Adding EMAs (Exponential Moving Averages) to Your Chart ...
Join Lukas as he discusses how to trade with the EMA Indicator. Make sure to like this video and subscribe to our channel for more forex trading tips, strategies, and live trading sessions. More ... I recently polled viewers to find out if they knew how to add exponential moving averages to their trading chart; it's one of the indicators required to trad... 1. Stock Course & Private Group: https://learnplanprofit.net/lesson-library 2. Flipping Wheels Course: http://www.flippingwheels.net/ 3. Free Group: http://b... I Will Show This Video EMA Crossover Indicator Signal Live Trading ===== Download : http://tiny.cc/iixt3y =====... ForexMT4Indicators.com is a compilation of free download of forex strategies, forex systems, forex mt4 indicators, forex mt5 indicators, technical analysis and fundamental analysis in forex trading. All about Trading in Forex and Binary Option Marked. ¤¤¤ SUPER SCALPER EMA CROSS OVER STRATEGY ¤¤¤ EMA 200, EMA 50, SMA 8 + STOCHASTIC INDICATOR Can be best ...