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Thread: How to detect changes

  1. #1
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    How to detect changes

    Ive used candle stick to trade, all awhile i cant find the right momment to place oder, most of the time movement start change eventhogh indicator shows the right time such morning star and others, which is the right graph should i chose either 24h, 4 h, 0r 1d

    Can any body help me

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  2. #161
    Trader J_C_Anderson's Avatar
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    For sure, indicators could provide information necessary to identify the optimal entry point. At the same, to be able to benefit from it, trader should have a set of rules describing the criteria he is looking for. For this purpose, it is necessary to analyse the way the particular indicator works to be able to understand the singals it provides. So, it will be useful to have enough data to be able to make reasonable assumtions on the performance of the indicator in long term perspective. For this purpose, traders could use special backtesting software like Forex Tester that executes simulated trades on historical data. In case if you want to test a strategy based on certain indicators, you can just describe it as an algorithm and then test in using historical data provided by brokers. By the way, you can choose the data provided with the broker you are working with to improve the accuracy of such testing. As the result, you will get a detailed report on the performance of your strategy, including such important elements as risk-reward ratio, win rate and maximum drawdawn. This information could be very useful if you would like to make changes to improve the performance of your strategy. Automated testing also helps to reduce time needed to test the strategy, so you will no longer need to spend many hours on testing like it was with manual (demo) testing.
    When you will have enough information to analyse it, you will be able to figure out the most important points and aspects to pay attention to. This will also help you to detect the changes that occur at the market - it is necessaru to update your strategy from time to time to keep it profitable.

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  3. #162
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    Committing errors can be great, successful approach to adapt new things. Indeed, all the senior traders carry positive change to their trading strategy by surveying their missteps. As a full-time trader, you have to record the subtleties of each exchange arrangement with the goal that you can survey it during the end of the week. This will assist you with pinpointing the key issues with your strategy inside an exceptionally brief time frame. When you know the issue, you will have the option to work out how you can utilize the demo accounts to fix the issues.

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  4. #163
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    It is a bit complex to know but everything is done through a previous analysis, for that you must learn a lot about currency trading.

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