Rectangle Reader supply and demand rectangle levels extender indicator for Metatrader 4
9th February 2014
Template Saver indicator for Metatrader 4
24th February 2014

Today’s supply and demand webinar concentrated on real time forward testing the supply and demand trading rules we’ve come up with at www.set-and-forget. I say “we”, because I see all of us like a trading group, the forex trading community we’re building here at Set and Forget. I am the one who has set the first initial stones, the ones that got the whole thing going, and others will come after me by adding new nuances (in fact one of our members, Robin already contributed a lot with quite a few incredible flow charts on the supply and demand processes and rules, and Sharon with her documents on the 3 type of trades available), new rules to filter out bad trades or even adding new entries based solely on supply and demand levels and imbalances.

I always encourage everybody to forward test any forex trading rules because in my humble opinion it’s the only way to gain confidence and become consistant trading any rules set, be it supply and demand, ema crosses, fibonacci, you name it. It’s just the way it’s, do not believe what I say or do, do it yourself. Step into the “believe stage” of your trading and get the most out of your marriage with the rules you will be embracing, it’s the only way. Your thoughts are physical, but you need to word very very hard to make them become real.

The video shows you how by following the rules and being patient, price will reach the high odds supply and demand levels you were looking to trade at.

The only thing we have to prevent us from blowing up our accounts is:

  • Our rules and trading plan
  • Our Stop Loss

Remember these rules can be extrapolated to other timeframe combinations, but at Set and Forget we are concentrated and focused on forex swing trading H4 and above levels for one single reason, it’s not just trading but a way of life. Most of us (some may love to be in front of the screen all day long) want to have a life other than a computer screen, H4 levels help you achieve that as you can see.

Enjoy the video, it’s a bit long (2 hours and a half) if you couldn’t attend the webinar. If you have any questions, feel free to ask them in at www.set-and-forget.com. The video will show you step by step how to test the rules and configure Forex Tester for your forward tests.

There is only one indicator I’m using for the tests is the Support and Resistance one, it will display the last week/month lows/highs, very useful for confluences when trading supply and demand levels. Download SupportAndResistance indicator for Forex Tester from here. I have not created this indicator, I can’t claim ownership of it.

 

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

2 Comments

  1. chia says:

    It was very informative video but after an hour the voice was gone unfortunately. Is there any other way to listen to it.
    Thanks

Leave a Reply

Your email address will not be published. Required fields are marked *

     
 

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.