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The trading and investing signals are provided for education purposes and if you use them with real money, you do so at your own risk.
This strategy uses a combination of three indicators - the Parabolic SAR, Relative Strength Index (RSI) and Average Directional Index (ADX).
Be aware that this strategy will not help you form a view on the price direction. Rather, it will help verify a view that you have already formed by either looking at a higher time frame or from fundamental analysis.
First you need to set up your chart. Switch your charts to a 15 minute time frame and add the Parabolic SAR, ADX and RSI to your chart.
Next, set the indicators to the following parameters – click on each link for instructions on how to do this:
Once you have set your indicators, you need to add some lines to your chart that will help you interpret and act on the signals they give you:
See the image below to see what your chart should now look like:
In the next lesson we will look at different ways to prepare and enter your trade.
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Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. The educational content on Tradimo is presented for educational purposes only and does not constitute financial advice.
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