ADX Forex Trading Strategy

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.
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Adx indicator How to use adx indicator for day trading [ Indicator ... how to use adx indicator for day tradingbest moving averages forex trading strategies ADX DMI Day Trading Strategy  How To Use The ADX Indicator ADX Indicator Video Tutorial - YouTube Learn Forex - Average Directional Index - ADX How to Use MT4 ADX Indicator in Forex Trading?

Beside the ADX crossover strategy which is based on the crosses of +DI and -DI, traders can also use the ADX indicator to supplement other trading strategies. For example, you might want to use a trend-following strategy when ADX shows a strong trend (value above 25), or a trading strategy that is more suited for ranging markets in times when the ADX shows an absence of trends (value below 25 ... J. Wells Wilder developed the indicator. Moreover, he also developed other very popular technical indicators such as RSI, ATR, parabolic SAR indicators, etc. Traders can use ADX indicator to almost all trading assets, including stocks, forex, mutual funds, and futures contracts. This article will help you to understand how ADX indicator works. Forex MT4 indicator Advanced ADX Download indicator: Advanced_ADX.mq4 How to use Advanced_ADX indicator Advanced_ADX sends 2 types of signals: Buy - when the histogram is green. Sell - when the histogram is red. When Long, the trading rules are: ADX indicator standard setting are 14. In most cases it is better to use standard settings just because majority of traders use them; result - everyone sees the same picture and gets the same signals at the same time. However, with ADX indicator specifically, Forex traders often look for alternative settings. 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 ... To use the ADX indicator in the Forex Market, you have to develop a strategy that uses the ADX to filter the trend. ADX – TRADER JOHN TUTORIAL FOR BEGINNERS. The Directional Movement (DMI), conceived by the famous technical analyst Welles Wilder, is an indicator that allows you to identify the first direction followed by prices. The indicator, which is usually calculated over 14 periods ... ADX Indicator settings. The ADX indicator uses a smoothing moving average in its calculation. We find out that the best ADX indicator settings to use is 14 periods. With our ADX indicator settings, you’ll have more accurate signals and it will help you get in a trade earlier. ADX Strategy – How to Use the ADX in Forex Trading; ADX Strategy – How to Use the ADX in Forex Trading; ADX Strategy – How to Use the ADX in Forex Trading . This is the second article in our ADX series. If you haven’t already we suggest that your check out the first article about the ADX Indicator. In that article, we covered the history of the “Average Directional Movement Index ... ADX is considered a “non-directional” indicator. It is based on comparing the highs and lows of bars and does not use the close of the bar. The stronger the trend, the larger the reading regardless of whether it is an uptrend or downtrend. How to Use ADX. When you’re using the ADX indicator, keep an eye on the 20 and 40 as key levels. Just read your great article on correct use of ADX indicator. Is the chart background coloring (based on ADX increase / decrease) indicator available for public use. If so, is that something you would be prepared to issue to my email? I use TC2000. Thanks in anticipation. Reply. Galen Woods says. May 11, 2018 at 1:12 PM. Hi Connor, I only have the indicator for NT7 right now. I’ll let you ...

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Adx indicator

All About The ADX Indicator (Average Directional Index) This Professional Forex video of ADX indicator that explaining and simplifying how traders can use the adx indicator with full support by ... The ADX (average directional index) is an indicator that shows you how strong a trend is. The ADX gives you a reading that generally ranges between 0 and 50. The higher the reading, the stronger ... How to use adx indicator for day trading [ Indicator Review ] The ADX indicator measures the strength of a trend and can be useful to determine if a trend is... Great video explaining and simplifying how traders can use the ADX Indicator. how to use adx indicator for day tradingbest moving averages forex trading strategies ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range ... 10 videos Play all Forex Indicators Trade It Simple MACD Indicator Secrets: 3 Powerful Strategies to Profit in Bull & Bear Markets - Duration: 23:13. Rayner Teo 884,228 views 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...

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