Wednesday, December 13

How Forex Trading Software Can Impact Your Long-Term Profitability

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With the Foreigh exchange (FX), Than 90% trader usually losts and close account when touch margin call. WHY?

Im dealer at bank, and I have 4 years experience in the FX, 3 years experience in Gold Market and 2 years experience in Derivative.

I’d like to share any experience which can help any newbies or trader.

In this Articles, i introduce about Long term in the FX market according to technical analysis.

1. The First, Need set up trading system

TRading system is system which includes many different tools support.

+ Tool: How to identify trend up or down trend. + Tool: Oscalator for signal. + Tool: Wave and entry, exit.

1.1 Tool: How to identify trend up or down trend.

I used to 1 SMA ( simple moving average) and Four WMA ( weight moving average) and bollinger band (BB). SMA 20 WMA 60 WMA 100 WMA 200 WMA 300

The market is up trend if price above four WMA and sliding above SMA, BB open. The market is down trend if price under four WMA and sliding under SMA, BB open.

1.2 Oscalator for signal.

i used to MACD and Stochastic. MACD set up (6,14,5) and Stochastic Fast set up (9,7,1) ( with meta trade 4).

BUY if MACD line above zero line and signal line cross MACD by under AND Stochastic Fast cross 25 by under. SEL if MACD line under zero line and signal line cross MACD by above AND Stochastic Fast cross 75 by above.  

1.3 Wave and entry, exit.

i used to software which can calculate any wave. May be i will wait WAVE 4 or WAVE 5 if i’ d like sell and WAVE 2 if i’d like SELL Which appear on the chart.

2. And the Second, To comply with rules set out.

2.1 BUY convergence factor.

– The market is up trend. – BUY if MACD line above zero line and signal line cross MACD by under AND Stochastic Fast cross 25 by under. – WAVE 2 has been completed.

2.2 SELL convergence factor.

– The market is down trend. – SEL if MACD line under zero line and signal line cross MACD by above AND Stochastic Fast cross 75 by above. – WAVE 4 or WAVE 5 have been completed.

I hope my experience will help some trader.

Good luck !

By HoaKT

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