I can be considered as new to trading, and while I know that stumbling, falling and getting up from that is the path of learning to walk, I would also really like to receive some guidance from seniors to avoid such obstacles.
First of all, I am trying to trade in equities not in Forex and it is an intraday strategy. But I believe, while the constructing building may change, the tools should mostly be similar!
I have a simulation where I am calculating Candle-Type, SMA(5, 10, 15, 20), EMA(5, 10, 20), RSI, Pivot-Points, MACD, PSAR, Stochastic, ORB, PRB, GAP, Doji, Engulfing, Hammer-S.Star, ATR(14, 20), Supertrend, ADX, B.Bands(5, 20).
I have tried some simulations like BUY when all signals point to Buy and SELL when all signals point to Sell or on different values of the above indicators. I have 2 exit points 1. price hit Stop-Loss(Trailing-Stop-Loss) or price hits back after Target is reached(Target also moves like if a target is reached another is formed).
While I admit I have some good Gains, I also hit some Losses and the end result is always backstabbing.
I am wondering, if you seniors have any Suggestion/Advice/Trick for me. Any Logic?
I am ready to be a gofer as I am receiving you siniors benevolence and as primarily a coder, I am somewhat good at this.
Thanks & Regards