the pattern. Anyway, as you can see on the chart, all three indicators gave buy signals towards the end of December. If you are happy with your results then you can go on to the next stage of testing: trading live on a demo account. As you become more familiar with various indicators, you will find ones that you prefer over others and can incorporate those into your system. How long do you want to hold on to your positions?
Exits For exits, you have a few different options. However you decide to calculate your target, just make sure you stick with. Another way to exit is to have a set target, and exit when the price hits that target.
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Entries Some people like to enter as soon as all of their indicators match up and give a good signal, even if the candle hasnt closed. It is ultimately up to the user to decide whether or not to take the signal and trade. A neckline is drawn by connecting the lowest points of the two troughs. While being aware of why a leading indicator may be wrong, theres no way to avoid them. Each of these indicators is designed to signal a possible reversal, where the previous trend has run its course and the price is ready to change direction.