Top 10 Free MT4 Forex Indicators - Blackwell Global

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?
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The Greatest Guide To What is Forex? - BabyPips.com - YouTube How To Trade Divergence - YouTube PRICE ACTION # ESTRATÉGIA DAY TRADE │Melhor setup para ... Babypips Forex Education: Elementary - Grade 5: Popular ... Forex: BabyPips - YouTube My Divergence Trading Strategy Explained (LIVE Forex Trade ... Babypips Forex Education: Elementary - Grade 3: Moving ... ADX DMI Day Trading Strategy  How To Use The ADX ... Babypips Forex Education: Elementary - Grade1 : Forex ...

Average Directional Index (ADX) ADX measures the strength of an ongoing trend. It is an oscillator indicator, with values fluctuating between 0 and 100. A reading below 20 indicates a weak trend, while a reading above 50 signals a strong trend. ADX can be used to establish whether an ongoing trend will hold or whether a potential trend reversal is expected in the near future; thus helping ... babypips — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! — Indicators and Signals Thursday, 27 February 2020. Adx forex babypips O BabyPips ajuda os comerciantes individuais a aprender como negociar o mercado cambial. Apresentamos as pessoas ao mundo do comércio de moeda e fornecemos conteúdos educacionais para ajudá-los a aprender a se tornarem comerciantes rentáveis. Nós também somos uma comunidade de comerciantes que se apoiam na nossa jornada de negociação diária. Adx forex babypips O guia do iniciante para ... ADX itself is a lagging indicator; you need the companion Directional Movement Indicator to give entry signals. You exit on price, often assisted by divergence. There is a wealth of information in the ADX/DMI becuase it shows trend strength and momentum, and both bull power and bear power, simultaneously. You don’t need any other indicator ... BabyPips.com helps individual traders learn how to trade the forex market. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey. ADX Overview The ADX (Average Directional Index) is a creation from technical analysis legend J. Welles Wilder. It's clear that Wilder was attempting to do two things with the ADX indicator: inform a trader when the When trading, it can be helpful to gauge the strength of a trend, regardless of its direction. And when it comes to evaluating the strength of a trend, the Average Directional Index is a popular technical indicator for this purpose.. The Average Directional Index, or ADX for short, is another example of an oscillator.. ADX fluctuates from 0 to 100, with readings below 20 indicating a weak ... ADX is up and MACD is below the water line or 0 line then you trade short. MACD is at an extreame and so is ADX then MACD does a cross to the other direction and the ADX starts to go to flat or non-trending situation then you trade in the direction of the MACD crossover that is for extreame sisuation. I will be posting some examples soon.

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The Greatest Guide To What is Forex? - BabyPips.com - YouTube

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... In this video Jay Wayne will show you how To Trade Divergence ..... Welcome to babypips.com "School of Forex Trading Education" from forex beginner level learning all nitty-gritty for Forex trading beginners to professional a... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The Popular Chart Indicators and/or Technical Analysis Trading Indicators are the 1. Moving average (MA), 2. Exponential Moving Average (EMA), 3. Stochastic ... Trend Detection Software- https://bit.ly/37yi0vY Forex Backtesting Simulator- https://ForexSimulator.com Indicators- https://PipsAhoy.com/downloads Good brok... No vídeo de hoje eu vou mostrar uma estratégia de price action muito interessante para quem quer fazer Day Trade no Forex, Mini Índice e Dólar. - Curso de Fo... https://rebrand.ly/cfxcp The fx market, otherwise called the foreign exchange, was first developed in 1971. Regardless of being in existence for over 35 year... https://bit.ly/2TEdSSR Have a great trading day or months! Thanks for your feedback! We have actually noted it. We prepare to add this performance to brand-n... A moving average (MA) is a technical indicator that is commonly used in technical analysis. The reason for calculating the moving average of a stock is to he...

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