Hey everybody,

I'm new trading forex.... I've been studying for a few weeks now and opened a demo account 1 week ago. I'm only using around $1.5k of margin on the demo account ('cause that's the money that I have on real life... lol) and in 7 days my profit was $3.9k.

I'm using an strategy and I would like your opinion (experienced ones) please... What I do is wait for a "cross-over" on the MACD and Stochastics indicators (around the same time) on the 10min chart. Then I look at the 5min and 1min chart waiting for a good entry point. Then I buy the pair...

After I bought the pair I always look at the 1min and 5min chart for some movement against my position. Since I'm tradingon the 10min charts I can't exit without a loss. If I see the the 15min our 30min charts also have the same "cross-over" for the MACD and Stochastics indicators (favoring my position) I know is a stronger trend and I can "afford" loosing some pips on the 1min - 5min chart.

Of course I always look the 1hr- 4hr - 1day chart before buying a position. If possible I alway like to buy the same direction the "big charts" go...

My question is... do you think it works that strategy or is just "beginners luck"

Don't wanna go ahead and move to a Live account without hearing some opinions.

Tks!