I used the TIPU MACD Indicator. It’s a free download on the MT4 platform. I then just looked at Weekly, Daily and even 4 hour chart.
Am I flexible? That depends what kind of trader you are. If your a Position trader your going to hold your trades. If your a Swing Trader your going to close and re-open again on the corrections ( what I call the higher highs’s or lower low’s.
Never been a DayTrader however my profile says I am a scalper and use the Weekly/Day Chart to be successful at it. No matter what kind of trader you are the Trend is your Friend and you should never go against.
As I say Demo FIRST and absolutely Do Not close out all the Trades and re-open the SAME ones again. You have to watch for reversals when swing trading. I took profit 3 days in a row and went from $600 to $1950 but I learned the hard way by not watching for reversals.
I made that mistake once and never recovered.
My account is 1:1500 leverage Lot size .01 and using no s/l
Your account may be different from mine so use caution… I usually have 15 to 20 trades going at a time with a $200 account. For more information follow my link
TabiusLee
My Proof Profit Strategy
(Position and Swing Traders Only)