How to Trade with the ADX - (It's More Than Just Crossovers)
How to Trade with the ADX - (It's More Than Just Crossovers)
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Part  So in the first week of this an account initially funded with $10,000 got to around $40,000 / $45,000, but it was wild. The drawdown swings were large. Equity swings were what I would describe as problematic. My broker agreed. I got a call from them and it went a bit like this; "Hi, Whatthefx (yes, me and the broker are on first name terms). One of your new accounts has done a lot volume this week. I was wondering if you're going to continue to trade so aggressively? Can we expect the same volume this week?" I replied; "Of course not. I started last week with $10,000 and now there is $40,000. It would be fair to assume I will trade four times as much volume this week". They advised me if I did this, in the near future we'd be having a discussion about re-evaluating how much leverage the broker would offer me. I told them I could not believe they'd speak to me like this after all we'd been through. "You've changed, man" I ruefully muttered into the phone. He told me risk compliance was getting edgy, and they felt the best solution would be to reduce my leverage. I told them to a hammer everything looks like a nail. They told me this hammer was about to come down. Long story short, compromises has to be made. I decided to split accounts and reduce risk acceptance on both of them (dramatically on the larger of the two accounts). I started an account with $25,000 running a very similar but slightly watered down version of the initial strategy. I then started another account with $50,000 and used this to trade against people who consistently bet against trending moves. Vrs scalpers results: https://preview.redd.it/f2ixgaz8lsh31.png?width=923&format=png&auto=webp&s=2aa495b2df70e32cd49d7ce6786a8dac652c928c As a recovered "Trend doubter", I understand the mindset of people who fade the trend too aggressively. There is a fine line between being an effective contrarian and just being dumb enough to think you're smarter than the entire market. When you're the latter, you come to learn the infallible truth in the saying "A fool and his money are soon separated". I take a bit of time to snoop on those I am reverse copying from. Through some statistical analysis and good old fashioned reading through their feeds on platforms they promote themselves I seek out the ones who have die hard doubt on the existence of strong trends and also with some ingrained belief that the fib levels are irrelevant. I find the ones most die hard against these things. It's easier to find committed doubters of fibs than it is of trends. I find those who are the most extreme on this bell curve. Some of them are practically evangelical about how sceptical they are of fibs. I take these people and pay particular attention to their trades. Most specifically I run analysis to see how the trades they make at important fib levels perform. I have a few I look at but the most important one for basic trend following is the 61.8% fib (explained in previous post). I find an extremely high correlation between the people who know so much better than us who like to use fibs and them consistently making losing trades at important fib levels. https://preview.redd.it/vxu0ehnrlsh31.png?width=266&format=png&auto=webp&s=cc5692b1677ae4a4af1c5ac7c177c4f3cc6680b3 This is all I need to feel confident sticking some money on this. I make some filters to allow me to copy their mistakes and dodge the times they are more likely to be correct. I add some other ways to identify strong trends. I include some aspects of ATR, ADX and MAs. I also do some lot sizes rules to prevent them from martingaling against me. I do not want to let them accumulate larger and larger positions against me on the slight breakouts of the 61.8% level, because there is a high chance of there being a retest of that level. If they close all their positions there, this will give me a net loss. Vrs trend faders results: https://preview.redd.it/bz7mp4xelsh31.png?width=913&format=png&auto=webp&s=91f17d291a135a772bbf5048a72b038fcba0c5a4
Tried to make a living out of Forex...Broke the account in the second month.
So, a few months back I saved some money and decided that I would be able to make a living out of forex making 12.5% per week, that was 2.5% per day from monday to friday. I had been in the Forex for six month in that time, with only $100 dollars account, and I had broke my account twice (One for not putting Stop-Loss and the other for not controlling my loss in revenge anger) But in the end I managed to make three months in a row making about 40-50% per month, and that was to me the sign that I had figured Forex. I used a combination of MACD, RSI, ADX. And always kept the lookout for the candlestick patterns, I also used Bollinger bands, but I never really checked them. My main Indicator though was the MACD, the rest was the confirmation I required. I negotiated only EURUSD and I worked with a 1:100 margin using a policy to hold 2,5% SL if I wasn't cofindent in the play but the indicators were saying I should go, and 5% if I was confident and the Indicators confirmed. I've made arrangements in my job and I saved enough money to live the way I am for one year and to put $2.000 in my Forex Account. My plan was to only start taking money out of the account after six months of gains. I quit my job in June, and 4th of July I started trading. First month I did well and got 50% even before the second week of the month, in the end of July I had $3.475,68 in my account. My confidence was high as was my spirit, everybody I talked too I would say how I found way to do something I loved and if I could keep my goals I would be a millionaire in less than five years; To everyone saying It was very risky I showed my gains from the first month and said I knew what I was doing. And then August came. First week of August I had three losses in a row, amounting to $400, and so I decided to take a quick break. One week reading and searching for what was wrong. When I cameback I had in me belief that I was going to make a good position on EURUSD. I don't know what I was thinking but I opened a position and I spike on the otherway around made me shiver so I moved the SL, believing it would eventually go the way I was planning; That day I went to bed and woke up with $1.000 less in my account, I was back to my starting $2.000 pretty much. What followed this week was the worst series of trade I ever did, each one pushing to lose even more. First I did a series of trades that downed me to $1.500, than I did a big trade that put me at $800, I managed to land a very good trade that took me all the way back to $1.400 and trying to duplicate the miracle I lost $800 in one single trade. Yesterday I lost $500 and right now I have $72 in my account. I don't know what I was thinking, I completely lost any of the things that made my set-up work, and now I've lost any chance to go back to where I started. I was overconfident and angry, and I know I have only myself to blame. I just needed to vent it to someone, and the worst part is that I'm ashamed to tell the people I've been bragging about the past month, to admit that I was not only wrong, but I lost everything on it as well. Guess I'l have to go back looking for a job and just suck it up. Thank you for reading all this way, and sorry for any grammar mistakes, I'm actually from Brazil and my english is not that good.
The cryptocurrency market is highly volatile with several pumps and dumps in a short span of time. This makes really necessary for the trader to understand the market trend. If the vision gets distracted from the correct focus, the users are likely to lose on trades, which Encrybit do not wish to happen, since the chance to have good returns comes rarely in such a volatile market. In Stock and Forex markets, the Screener Tool is already available to provide you inputs and statistics based on volume and price increase or decrease in certain time frame along with the technical indicator's value. Encrybit is including Crypto Radar feature into its exchange, which provides the facility for professional and beginner traders to search different tokens and pairs based on their increase and decrease value along with the well known technical indicators like RSI, ADX, MACD, EMA and SMA value in particular time frame. For example, a user wants to check the movements and changes of the ETH/BTC pair. They just have to jump onto the Crypto Radar tab in the trading platform and search the coin name ETH, provide a pair from either BTC or other cryptocurrencies and give a time frame like 1 hour; after the selection, users will see the current price as result, 1 hour high price, 1 hour low price and changes in price as percentage. By default a user will be able to see all the coins/tokens from the selected pair on selected time frame from the Screener, then they will have the ability to search the coins/tokens of their interest.
I'm sure it's been hit on before but I'd like the collective Reddit forex minds to assist again. I love forex, I love trading, I've got a good strategy. As for computer and coding I know next to nothing. So my questions is, how hard would it be to get an algorithm (on mt4) to act upon parameters like CCI on daily chart above "x" level then looking for CCI crossover. Which then allows it to look for adx signals on a 4hr chart. How hard would this realistically be and does anyone have a link or guide (in depth, very in depth) to do it through MT4. Thanks for the help.
Hello, I would like to share with you my issue, as previously mentioned I'm 17 and I never had a girlfriend or normal friends. Since the moment I can use my memory I don't remember having just one friend or girlfriend until this moment of my life. But there is the thing that makes this issue different from the others: I made changes, and there's not result. I started to worry about how I look, talk. Boosted my confidence and I have hobbies, the problem comes when nobody gets closers either by interest or my own motivation. Right now, I'm different from people around my age: I like formality and adult relationships, also I want to be a investor (maybe a business/financial analyst), I have knowledge about how to invest (technical analysis (RSI, Stochastics, MACD, ADX), trends and risk management). I've changed many aspects of my life and I don't see any results, I'm looking good, my confidence is pretty high (I'm not shy), I'm not fat, I'm tall (6' 2''). I'm an excellent student and looking forward for my future (I'll be using my part-time job to supply Forex trading). I would like to know your opinion about this issue. Thanks for reading. TL;DR I never had a girlfriend or real friends, I have done changes on my life and no results.
About to start trading for the first time. Anyone wanna talk?
I don't really have any specific questions, just looking for general advice. Well, maybe one...see the bottom. I've gone through most of the babypips school, and just finished reading Courtney Smith's book. I have somewhat of a bit of background in game theory due to hobbies (I was one of the better players in the country in the national tournament scene of a certain video game, and have close friends who have been ranked in chess and poker who I have been playing with and learned a lot of game theory from), and tend to prefer boring, "turtle" strategies. I considered scalping, but I don't think it will fit my lifestyle (time consuming). So, I'm probably going to look at position trading the daily charts, and I'll start mostly with the methods from the book I was reading. I want to be as disciplined as possible- picking entry/exit points before entering the trade, doing as much of it automatically via stops as possible (which I will look at and adjust only according to TA), and looking at my positions once per day. No emotion. On a long flight yesterday I finally sat down and wrote up a trading plan, buying on a few techniques, all of which have set stops. I'll calculate my position size so that if I am stopped out (stops based on technical analysis) I will lose 1% of my account value. This also means that positions with wide stops will not be very profitable. I will write down every trade and what signal I used to make the trade. Every thirty trades, I'll eliminate my worst-performing signal and replace it with a different one, and see how I do. I did some backtesting on EUUSD over the first few months of 2009. Trading on inside days seemed profitable, as well as reversal days. Channel breakouts were iffy...I used the ADX filter to exit, and that let me exit at really good times, but because the stops were too wide (for long position, I was buying at 55 day high breakout and setting stop to 20-day low breakout) I was barely making any money off of it and that was wiped out by the bad trades. I need to figure out where I can place tighter stops on Channel Breakouts without removing too many winning trades. My biggest concern is that inside days seemed too consistent...I usually made almost as much money as I was risking on my stop every time I did it, barring one or two times where I basically broke even. Seems like a couple losing trades could've set me back pretty quickly and I should be seeing more. I should probably do more backtesting, but I feel a trial by fire would work better. I'll probably just set the risk to 0.5% instead of 1% and start a very small account and see how it does (I'd have to lose hundreds of trades in a row to get wiped out). Am I doing this right? And, the real question- what broker should I use? Right now I'm looking at Oanda. I saw a poster saying good things about IB and I'd rather use Ninjatrader because I hate MT 4, so I might look at shifting over to them when I have more money, but I don't have $25k liquid cash available to open an account with them. Oanda's flexibility with position size seems ideal for my ~1% risk on stop plan. However, the more I read about Forex brokers, the more nervous I get...they seem to make money when you lose and engage in all kinds of unscrupulous tactics like stop-hunting, slippage failing to trigger stops, and raising the spreads during big moves. Feels more like playing against the house than trading. This alone makes me feel tempted to go trade stock options instead with the same plan and see if that works. Thoughts?
Step 2: Determining the Type of Forex Trade. The investor decides whether to trade Forex or CFDs. They then determine whether to purchase or sell. Once a market has been selected, the investor needs to know the current trading price. All forex trades are priced according to the price of the base and secondary currency. The base currency is located on the left, with the secondary currency on ... ADX allows Forex traders to determine whether the trend is strong or weak and thus choose and appropriate strategy to trade with: a trend following strategy or a strategy fit to consolidation market periods with no significant price changes. There is also additional line to be added to ADX indicator window - at 40 level. How to trade with ADX The ADX Forex Trading Strategy is based on the forex indicator called the Average Directional Index (ADX). This forex trading strategy requires the following:. Timeframes: use 15mins and above Currency Pair: Any Indcators: ADX & 14 EMA Here’s what you should know about the Average Directional Index Indicator: The ADX indicator is used to measures the strength of a trend and this can be ... The ADX allows you to measure the strength of trend. Wilder instructed readings above 25 are trending markets and readings below 20 are choppy or sideways markets. This of course is completely your call on what ADX reading will trigger you to trade. Below are general guidelines for how to interpret the trend. You can combine the ADX with any other indicator to add further confirmation to your trade entries. The methods of implementing the ADX into a trading strategy that are outlined within this article are just ideas. I would always ensure that I have good money management, trading discipline and a trading plan when using any forex strategy. To trade forex, choose a brokerage that is regulated by a major oversight body like National Futures Association (NFA) or Financial Conduct Authority (FCA) and open an account. Read and analyze international economic reports, then choose a currency you feel is economically sound to trade with, like the US dollar or Euro. Start placing orders through your broker based on your research findings ... Once the trend is identified, however, the challenge is DETERMINING THE BEST TIME to enter and exit a trade. The ADX is used to measure the strength or weakness of a trend and is therefore used alongside the +DM and -DM to determine the best course of action. Put together, Wilder created a framework for trading out of the ADX, DI+, and DI – the trio of lines. Top 10 Forex ADX Trading Systems ...
how to use best forex trading adx indicator strategy What is the ADX indicator? The Average Directional Index (ADX) Indicator, is another example of an oscil... Forex Trading Strategy Using The ADX And Moving Average Combination - Duration: 18:25. Robert Ross 37,943 views. 18:25. Secret Tip To Detecting Trend Changes As Early As Possible In Forex ... How to Use ADX to Identify Forex Trends. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO... Forex Trading the ADX Indicator: How to Avoid False Signals and Trade the Profitable Ones. http://www.topdogtrading.net/youtube-organic-forex Sometimes the s... All about Trading in Forex and Binary Option Marked. HOW TO TRADE WITH ADX INDICATOR ----- Disclaimer: Videos and other ma... (ADX) Indicator + Moving Average Forex Trading StrategyTwo EMA + ADXBest Strategy What is the ADX indicator? The Average Directional Index (ADX) Indicator,... There are very few standalone Forex indicators that don’t need any other indicators or techniques to generate really good money. The ADX is one of the few se... Watch our video to learn how to correctly analyze ADX signals, how to analyze the market by taking into account the Average Directional Movement (ADX) indica... สอน Forex เบื้องต้น : อินดิเคเตอร์ ADX เทคนิคดูแรงของเทรนด์ เทรด Forex มือใหม่ ...