EMA-4-MTF-Strategy

Forexcube

Master Trader
Dec 2, 2009
50
1
67
Switzerland
www.forexcube.ch
Stop Loss

Stop Loss

Set stop loss orders in Forex, otherwise one day it will eat up all the profits if you don't use a stop.

How wide a stop should be?

It depends on:

* a time frame,
* volatility of the market price,
* the point where you entered the market,
* a lot size you trade with
* etc.

In practice
you use the widest point you could still afford comfortably and till which your trading position can remain open.


This is sure not a agreeable thing to accept but it allows traders to pick wider stops (e.g. 80 pips on 1 h TF), thus giving the market a room to evolute the price actions and choose a direction in which to trade without triggering the stop ahead of time.

Smaller size stops could be made and have to be selected wisely. Taking a rule of set number of pips, like 20, 30 or 40 etc. for stops isn't the best choice, however the simplest.

To do something else, focus on support and resistance levels in the market and make sure to place your stop according to those important levels like

* price swings,
* trend lines,
* Fibonacci levels and
* Pivot Points.
 

Forexcube

Master Trader
Dec 2, 2009
50
1
67
Switzerland
www.forexcube.ch
CornDec09, Daily - EMA-4-MTF

CornDec09, Daily, 2009 oct. 12

EMA-4-MTF-Strategy on daily chart could added much help in not sitting on the computer all the time, ...but pyramiding in an upward trend with corn will subvert morality, if only because poor country people don't have anything more to eat;...that's the same tragic drama like "the bowl of rice" and suchlike.

So take E (Entry short) - O? (Exit) or E - O along and do not participate at O/E (Entry long) - O? (Exit)

Kindest regards
 

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Last edited:

Forexcube

Master Trader
Dec 2, 2009
50
1
67
Switzerland
www.forexcube.ch
Indicators

Indicators

Indicator #MarketPrice v_1_4

Heikin Ashi SWAlert

Template:
EMA 9-0, 20-0. 55-5, 120-5, #marketprice v1_4

EMA Parameters:
Period 9, Shift 0, MA method: Exponential, Apply to: Close, Style: LimeGreen
Period 20, Shift 0, MA method: Exponential, Apply to: Close, Style: Red
Period 55, Shift 5, MA method: Exponential, Apply to: Close, Style: MediumBlue
Period 120, Shift 5, MA method: Exponential, Apply to: Close, Style: MediumVioletRed
 

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