This is a demonstration of making executions on the MCX on CrudeOil Mini Futures that are INR denominated derivative contracts of the WTI Futures contracts that are traded on the NYMEX.
Any trader in India who wants to trade the ICT concepts on international markets without setting up a foreign brokerage account can try to do so using the Commodities futures traded on the MCX. The price fluctuation of the USDINR leaves you a little bit exposed to some moves. However, most of the time, you can see a near perfect correlated move in both WTI and MCX:CRUDEOILM1! This is a demonstration using Paper Trading on TradingView.com. Please don't try to randomly trade any strategy using actual money. Remember you only risk what you can afford to lose in a responsible manner. It's all on you. You can't come after me if you try this with live funds and lose money. This is something to test.
Welcome to the TradingView community. Good work on your first analysis. Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/
Welcome to the TradingView community. Good work on your first analysis.
Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/
regards,
Vanathi