People tend to treat something new with a grain of salt. Sometimes it comes to the point where new information is so incompatible with their firm beliefs that it results in a stream of ill-considered criticism.
Have you ever thought about how the "Against the Crowd" trading strategy should work in reality?
We want to share some of our best practices and strategies based on the analysis of traders' open positions. You can use them as a basis for making trading decisions or as an additional signal for an already proven strategy.
More specifically, we will test the divergence on classical indicators such as MACD, RSI, and Stochastic.
Today, we'll test Bollinger Bands. They are a set of three moving averages, all of which have the same calculation period. But the standard deviation (price range) is added to or subtracted from the upper and lower ones.
Today, we’re going to test 3 indicators: Relative Strength Index (RSI), Commodity Channel Index (CCI), and, at our reader's request, Williams %R indicator. What do they have in common, and why have we decided to test them together?
In Forex, the spread is essentially one part of the cost for you as a trader to open any trades. It counts into the total price of trading.
In this article, we’re going to test a classical Moving Average indicator.
So you have everything ready, your terminal is up, you open a few charts and start looking for opportunities. What crucial questions should cross your mind at this point?
Surprisingly, the main reason behind destroyed deposits is not an ill-designed strategy or a harmful money management method, but a trivial lack of discipline among traders themselves.
