LAB 6 - Opening Online Banking

This online internet banking is for real account forex. As for me, I'm using Bank Muamalat.

To open Bank Muamalat internet banking, you have to go to this website i-Muamalat

Then, Agree the T&C.

Then, fill the form that appear. Choose IB Pin

Before that, you have to get the IB Pin at Bank Muamalat ATM.

LAB 5 - Buy Limit & Sell Limit

Today we are still going to use Pending Order(P/O) type. But now, we are learning how to Buy Limit and Sell Limit.

There is Pivot Line to set Buy Limit and Sell Limit.

1. Click New Order > Pending Order type > Buy Limit. At price - minus 50pip from 1.2183.

2.  Click New Order > Pending Order type > Sell Limit. At price - add 50pip from 1.2313.

This is the record.

LAB 4 - Buy Stop & Sell Stop

There are two types of market order. Before this, we were using Instant Order or also known as Instant Execution (I/O). Today we are going to use Pending Order (P/O) type for Buy Stop and Sell Stop.

BUY STOP and SELL STOP

1. Click New Order at the top of the panel.

  

 2. Then, at Type column, choose Pending Order.

3. At the Pending Order Type, choose Buy Stop.

 

4. at price put the current price(Magenta line) plus by (+0.0020)

 5. For Sell Stop, repeat step 1-2. Then, choose Sell Stop at Pending Order Type. at price, put the current price(Magenta line) minus by (-0.0020)

Set Stop Lost, Take Profit and Trailing Stop

1. Right click on column S/L Buy Stop, then click Modify Order

2. At stop loss, minus 50 from price. Take Profit, add 50 from price.

3. Repeat step 1 for Sell Stop. Then for stop loss add 50 from price and take profit minus 50 from price.

4. Buy Stop and Sell Stop have the same step to set Trailing Stop. Right click on Profit column of Buy Stop or Sell Stop > Trailing Stop > 15 points.

LAB 3 - Buy and Sell

So today is about how to buy and sell 'money' from insta trader (forex)

Lets get start!

1. Click Insert > Indicators > Trend > Moving Average

Period : 9 

Style : SpringGreen

2. Repeat step 1 and set :-

Period : 26

Style : Red

 This line will appear!

3. Click Insert > Indicators > Oscillators > MACD

Set on Parameters tab:-

Fast EMA : 12

Slow EMA : 26

MACD SMA : 9

 Set on Colors tab :-

Main : Silver

Signal : Red

 

click OK and the screen will appear like this!

 4. Now, to Sell and Buy. Click New Order at the top of the panel.

 5. Click Sell or Buy!

So, how to know when to open sell or open buy // close sell or close buy??

1. Open Buy

• 9EMA(Line SpringGreen Color) is higher than 26EMA(Line Red Color)
• MAIN(Histogram Silver Color) is higher than SIGNAL(Line Red Color)
• MAIN(Histogram Silver Color) is higher than 0.00

2. Open Sell

• 9EMA(Line SpringGreen Color) is smaller than 26EMA(Line Red Color)
• MAIN(Histogram Silver Color) is smaller than SIGNAL(Line Red Color)
• MAIN(Histogram Silver Color) is smaller than 0.00  

3. Close Buy

• MAIN(Histogram Silver Color) is smaller than SIGNAL(Line Red Color)
• MAIN(Histogram Silver Color) is higher than 0.00  

4. Close Sell

• MAIN(Histogram Silver Color) is higher than SIGNAL(Line Red Color)
• MAIN(Histogram Silver Color) is smaller than 0.00 

LAB 2 - Change the properties

 1. Click File > New Chart > Forex Major > GBPUSD

  

2. A screen will appear.

3. Right click on the screen and choose Grid

 4. Click shift end on the top, then zoom in 3 times and candlestick.

5. Then, right click on the screen and click Properties on the screen to change the colour of Bar Down, Bull Candle and Bear Candle.

Bar Down - Red

Bull Candle - Green

Bear Candle - Maroon

 

 

LAB 1 - Opening An Account

1. Click Next> and choose New Demo Account  and click Next>

  

2. Fill in your Personal Details. For Deposit, change 5000 to 1000 USD. Tick the checkbox at the bottom and click Next>

3. Done! The account is already registered!