How To Keep Your Trade Profitting

Often people said, trust your signal or indicator!. How shall we trust if our trades often produce very poor results. Often also, due to the poor outcome of the trades, traders keep on changing their indicators. Sometimes, their chart is fully loaded with all sort of indicators, until they made theirself confusing, which indicator shall they refer to. Sometimes, the indicators plotted on the chart producing contradict results between each other, hence adding more headache to the trader. Stop doing that!. If you keep continue changing and trying indicators from one to another, you're ending no where. You are totally wasting your precious time. In the first place, you should realize that non of indicators are 100% perfect. So, why must you bother keep on changing it? Probably you should accept the fact that loosing some trades are part of traders' job scopes. Just can't avoid that. So how to solve this problems? Here may be the best practice that I myself have been doing all this while (ever since I have managed to trade with profit)

• Choose only 1 standard indicator together with their family (relevant files)
• Please understand how your indicator works or performs
• Perform back-testing
• Perform forward testing with demo or virtual account
• Control your greed
• Be always patience and control your anger
• Do not listen to others such as rumors
• Ignore news or don't trade news
• Do not trade in shorter Time Frame such as 5 minutes and 15 minutes. The best is 60 minutes or 240 minutes.
• Confirm trend by at least Daily, weekly and monthly is better.

Do you need simple indicator that is very basic yet proven to almost 90% perfect? You may not need to download it anywhere, it is just inside the default of Meta Quote Language 4 (MQL4).

• and......it is purely a moving average exponential and a combination of
• Modified Releative Strength Index (RSI) ......... and
• MACD (modified parameters)

* Those indicators are default. Look at the image below as for a start.

The above is purely indicating the use of default indicator(of course it is modified) available with all standard Metatrader platform. Now look at the below picture.

In the above example chart, you can start taking a LONG position once all the 3 criteria meet the requirement. Please observe all the 3 circles:

• Make sure the EMA 4 crossing the EMA 7 towards up position
• Make sure RSI12 crossing 50% line (blue line)
• MACD (setting 12, 26,9), where the FAST EMA (vertical bar) crossing the SLOW EMA (RED LINE) is happening prior to the above 2 conditions met!

Please take note that the minimum Time Frame used must be equal or greater than 1 hour. The best is 4 hour time frame. In order to ensure that the position you are taking is at lower risk (but normally no risk at all), you shall counter check the following:

• both in the TF4H and TFD1 are in the same way, best if TFW1 also indicates the direction
• EMA 50 is below the price (yellow line)

Shall all the above are met, you can take a LONG position with a peace of mind. Try it with a demo account or practice account and not only relying on the back testing result though it can clearly show the exact result.