Title: Stoploss and Take Profit for Newbie Trader. ( Summary indicator ) Post by: anhchangdeptrai13 on April 18, 2018, 08:53:59 AM Briefly summarize indicators, purposes and uses:
The major indicators used for surfing: stoploss and take profit. 1.Blinger band Parameters : (30,2,2) Rules: + Suitable for the market sideways, oscillating waves are not large + Buy when price hits BB top + Sell when price hits BB bottom 2.MACD Parameters : (12,26,9) Rules: + Mainly to determine the trend of the market. Forecasts are quite slow compared to real time. Only for reference, should not be used to enter the command. + Buy when MACD cut up + Sell when MACD breaks down 3. Parabolic SAR Parameters : (0.02, 0.02, 0.2) Rules: + Used to lock in profits. Use when the market tends to be strong. Absolutely not used in the sidewaymarket + Buy when PSAR is under candles + Sell when PSAR is on candle 4.Stochastic Parameters : (14,3,3) Rules: + Buy when Stoch cut to 20 + Sell when Stoch cut 80 5.RSI Parameters : (9) Rules: + Buy when the RSI rises to 30 + Sell when RSI is down 70 6.Ichimoku Kinko Hyo Parameters : (9,26,52) Rules: + Buy when Tenkan cut to Kijun + Sell when Tenkan cut down Kijun + Buy when Chikou span cut up BB or candle + Sell when Chikou span cut down BB or candle These are the best indicators to enter when trading. Trading when there are more than 3 indicators with the same signal All indicators are available at Tradingview.com. Definitions and extensions you can search at Google.com Below is a chart of indicators for the last five years (The index is in the Forex market and it shows the profit, the efficiency of the indicator) Crypto market has a large fluctuation range so the indicators below are for reference only. Thanks for Reading. GOOD LUCK |