BetTreader
Junior member
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Hello.
Yesterday I started trading on demo account I have made
few trades and i must say i didn't know exactly what i was doing
I have lost 2000$, fake money.
Today i tried to trade again.
I was trading the pair EUR/USD and I was holding an open position in the market more about 3 hours.
I have bought 2 lost (200000 USD) at 9:32 CET at price of 1.4602.
As soon i enetered the marked the price moved in opposite direction.![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
The price was fluctuating from 1.4570 to 1.4615.
I have closed the position at 12:47 CET at price of 1.4612 an made virtual profit of 200$.
If I would be entering and exiting the market in the right moment during this 2 hours i would make greater profit or if not that it would require me less time to make the same profit.
The problem is that I don't know how to correctly setup up the indicators to find out the correct entry and exit points.
In this trade i was using the:
MACD (first period = 12, second period = 26, signal period = 9),
SMA (period = 25, Shift = 0)
EMA (period = 26, shift = 12)
on 10min and 1hour charts
Can somebody explain what means the "signal period" in the MACD indicator and
what means the "shift" in the MA indicators?
How do you know if the indicators are set correctly for trading on a specific time frame chart?
Are those 26,25,12,9,0 the correct values to trade the 10min or 1H chart?
Should the values in SMA and EMA be equally set I mean if the period and the shift value in both should be the same?
How do you follow a trading system I mean
are you stuck watching the chart the whole day until the signal shows up?!
I find it boring to watch the price that goes 3pips up and 3pips down for an hour or so.
Thanks.
Yesterday I started trading on demo account I have made
few trades and i must say i didn't know exactly what i was doing
I have lost 2000$, fake money.
Today i tried to trade again.
I was trading the pair EUR/USD and I was holding an open position in the market more about 3 hours.
I have bought 2 lost (200000 USD) at 9:32 CET at price of 1.4602.
As soon i enetered the marked the price moved in opposite direction.
The price was fluctuating from 1.4570 to 1.4615.
I have closed the position at 12:47 CET at price of 1.4612 an made virtual profit of 200$.
If I would be entering and exiting the market in the right moment during this 2 hours i would make greater profit or if not that it would require me less time to make the same profit.
The problem is that I don't know how to correctly setup up the indicators to find out the correct entry and exit points.
In this trade i was using the:
MACD (first period = 12, second period = 26, signal period = 9),
SMA (period = 25, Shift = 0)
EMA (period = 26, shift = 12)
on 10min and 1hour charts
Can somebody explain what means the "signal period" in the MACD indicator and
what means the "shift" in the MA indicators?
How do you know if the indicators are set correctly for trading on a specific time frame chart?
Are those 26,25,12,9,0 the correct values to trade the 10min or 1H chart?
Should the values in SMA and EMA be equally set I mean if the period and the shift value in both should be the same?
How do you follow a trading system I mean
are you stuck watching the chart the whole day until the signal shows up?!
I find it boring to watch the price that goes 3pips up and 3pips down for an hour or so.
Thanks.