Stop losses in FX (Forex) is an order to trade at a price level that is less favourable to you than the current available dealing price.
To make your life easier, there’s a useful indicator called “Chandelier stops” (from TradingView) which performs this function. Pro Tip: You can use 2 ATR to ride the short-term trend, 4 ATR for medium-term trend, and 6 ATR for a long-term trend. You don’t need a chart to tr...
you can link them together. Here's how to do it:a. Log in to your TradingView account.b. Navigate to the “Trade Panel” section at the bottom of the screen when you have a chart open. You can also setup a connection by going into the “Broker Integration...
TradingView / Investopedia How To Use the Supertrend Indicator The supertrend indicator isn't just for pinpointing entry and exit points. It can also be used to set upstop losses. For example, if you are in a long position, you can place a stop-loss order at or below the supertrend line...
TradingView.com. What Assets Can Be Traded Using Futures? Futures contracts are financial instruments that allow investors to speculate or hedge their bets on the price movement of a specific security or asset in the future. There is no limit to the type of assets that investors can trade usin...
Stop-loss orders:A stop-loss order instructs the broker to automatically close a trade at the market price once the currency pair trades at a predefined exchange rate level that is generally worse than prevailing rates. This type of order is intended to limit potential losses by preventing cont...
Where is yourstop loss? How will youexit your winners? Once you’ve developed your trading plan, then you’re ready to backtest your trading strategy. And here’s how… How to backtest trading strategies in MT4 or TradingView This is an approach to backtesting forex with your trading stra...
Attention Traders, Optimus Futures would like to wish you and your families a Happy Thanksgiving! For... TradingView TradingView Desktop App Vs Web for Trading Futures November 4, 2024 Optimus Futures The article on TradingView Desktop Vs Web is the opinion of Optimus Futures, LLC. Let’s face...
Traders using the Alligator Indicator can access the complete indicator on popular trading platforms like TradingView, which offers a range of customizable technical analysis tools for your strategies. How Does The Alligator Indicator Work? Since the market evolves from trend to range as Williams has ...
Use a platform or software that lets you draw fibonacci retracement levels. Many trading platforms, like TradingView, have tools for this. 4. Locate the fibonacci retracement tool Look for the tool in your charting software. It’s often a diagonal line with percentage levels (23.6%, 38.2%, ...