How to use the Forex indicators in metatrader

MetaTrader has a wide range of indicators of technical analysis that you can use. Technical analysis is a method of analysis of price movement. In the analysis there are various indicators that noodles could help us to determine your trading decisions. There are dozens of indicators that can be used. These indicators will be very useful in helping you determine when determining a BUY or SELL.

In MetaTrader indicator this indicator, are divided into several categories, namely:

1. Trend indicator to find out the price trend

2. Oscillators, indicators for the analysis of recurrent patterns

3. Volumes, indicators for the analysis of volume

4. artificial indicators Bill Williams, Bill Williams

5. Custom, you can add your own indicators

An explanation of the use of technical analysis indicators above will be discussed in another chapter.

To add an indicator technical analysis top menu and Insert enough > Indicators. For example could be added to the indicator Moving Average like the image below. Set the parameters and click OK.

To set the parameters or

remove the indicator,

right-click the indicator.

In the dialog box that appears,

Please select to delete

or modify it.

If the chart has a lot of indicators might be a little troublesome. Therefore we can right click on the chart, in the menu that appears select Indicators List. A dialog box will appear, showing the entire existing indicators in the chart. You can just delete or modify it.

Pull The Money Out Of Your Victory

   If it's already quite often win, fortunately, and capital and forex

You gain quite a lot, consider to

interesting most or at least a small portion and money

You. Put into savings.

   Some people are tempted to profit, so profits continue to be added to the margin. Continuous gains usually make the trader becomes increasingly careless and greedy. At one point when he defeated the great loss he usually. When that happens, most of the money will be lost.

   When you save the most money, and once you experience misfortune and loss of your money does not entirely disappear, there are still those who are already drawn.

As tips. Pull the money bit by bit until it meets your initial deposit. For example You deposit $100. You win and got $10. Drag $5 to your account. And so on until you pull the total was $100. So at least you're BEP (break event point). If for example your money runs out or suddenly brokernya cover and can not withdraw the funds, then no need to despair. The savings is still there and you just lose time and energy.

Suppose the money withdrawn it as your gift. It will increase our motivation for trading forex with better

DO NOT FORGET TO TAKE PROFIT

It is important for traders to have a trading target plan i.e. take advantage (TAKE PROFIT = TP) in addition to the loss (STOP LOSS = SL). With fluctuations in forex is very high, You need to set realistic targets on each trade. The magnitude of the target plan is certainly different for each trader. Scalper just need some points to close position. While traders who have a longer time horizon will be closing its position when it's getting hundreds of pips.

There are several ways to specify how the level of take profit. The first is directly set straight how pip profit you want. Another way is to use indicators of technical analysis to define when the right time to close the position.

You can use the level of TP and SL as a strategy. For example you can specify close the position when the profits had already reached the pips, and sell when prices are already down the pips. That certainly pips take profit should bigger and pips stop loss. For example:

Take Profit /Stop Loss
200	100
100	50

The magnitude of the target points above are not absolute, depending on your own as a trader. The question in your mind is probably why should set a target of trading. The answer is we never know what will happen tomorrow, after tomorrow, or next week. Maybe today we fortunately. Tomorrow we can also lose. So it is very important for us to set a target.

Suppose you diligently do trading. In trading 10 times not necessarily always good thing isn't it? Chances are Your profit is 50:50. So You 5 times the profit and loss time 5. See the following table to see the simulasinya (100 pips take profit and stop loss 50 pips).

No	Transaksi	Pips
1	Profit	100
2	Loss	-50
3	Profit	100
4	Loss	-50
5	Profit	100
6	Loss	-50
7	Profit	100
8	Loss	-50
9	Profit	100
10	Loss	-50
	Total Profit I Loss	250

And simulation above, seen that with a moderate loss of profit and probabiitas there are at least 250 pips profit. Of course if you are more careful and more proficient using a variety of analysis to trading, the result will be much greater.