Super Forex Blog

The Technical Parameters of the Forex Market

2009-09-13T17:10:00.000-07:00

The technical indicators of the Forex market don’t take information from the air; they are all based on some of the market’s parameters and the appropriate calculation methods. Each indicator is calculated according to its own rules and there is no need to describe them all. In this article I’ll try to describe only the actual Forex market parameters that can fully describe the technical side of the Forex trading.

Trend — a direction of the price movement. Forex market can be in some kind of trend or go sideways. The trend itself can be measured by its direction, starting/ending point, ranges and the inner volatility.
Volatility — a statistical measure of the number of the price changes over a certain period of time.
Momentum — a measure of price movement strength in a term of pips per tick.
Cyclicality — it’s hard to be measured, but it still exists on the financial markets (and on Forex too) and describes the cyclical nature of some price movement.
Volume — the number of the transactions (price changes for Forex) in a given amount of time.
Support and resistance levels — they can be hard to spot, but Forex market generally bounces off of them or breaks them with a significant price action.
Traders’ expectations — they can’t be seen from charts, but they are the part of the technical picture of the market. Stop and limit orders are the important parameters of the market that should be taken seriously.

Some technical indicators use only one or two of these parameters; very few of the standard MetaTrader 4 indicators use more than two technical parameters. And I don’t know any indicators that are based on cyclicality or trader’s positions.

Forex Monster EA are sold at 19.99$ only !

2009-08-28T12:18:00.000-07:00

Home page : Forex Monster - official price is 67$

But you can have it at 19.99$ only from Ebay here

Guarantee : Legal version, 7 days refund pocily without any question, check out Feedback

If you don't have paypal or you want to use Liberty or other e-currency, drop me an email at stphnlam906@gmail.com

link partners

2009-08-11T20:53:00.000-07:00

Link Market - Free Link Exchange, Link Swap and Link Trade Directory
Have you ever tried to exchange links, swap links, or trade links? Was it hard? Use link market instead; - it is easy to use, free and very smart. It will save you hours of work.

How to manage your risk?

2009-07-26T13:37:00.000-07:00

Risk Management

Once you have the facts it is decision time. You can choose to do nothing or seek to reduce the exposures or to hedge them in whole or in part. The unforgivable sins are to fail to consider the risks or fail to act on any decisions.
The risk culture of your business is critical and must be established at the most senior level. Above all it calls for honesty. Too often individuals are criticized for decisions that, at the time, were in tune with the organization’s perceived appetite for risk. But it is never easy to set down effective guidelines and the range of exposures for even a simple transaction can be extensive.

For example, an exporter needing to borrow to finance a sale in foreign currency may have to consider counterparty credit risk, funding risk and interest rate risk. The permutations are endless and the costs of hedging transactions to reduce or eliminate every possible exposure could potentially swallow any profit from a deal.

While losses are likely to be quantitative, the potentially infinite number of risk combinations means that the skills needed to make good decisions are usually qualitative. Even a computer programmed to consider every conceivable permutation of risks needs to be told what level of exposure is acceptable. Any program is only as good as the parameters and data fed into it by people who have themselves been conditioned by experience.

But what of the improbable, the wholly unexpected or the never-seen-before?
Effective risk management requires thinking the unthinkable. This does not in any way lessen the great value of the many sophisticated risk-management systems available. The problems come if people start to think of them, and the models they are based on, as infallible.

It is also common for the development of control systems to come after any new risk-related products. Be careful not to bet the business until the exposure is known. To be in business you must make decisions involving risk. However sophisticated the tools at your disposal you can never hope to provide for every contingency. But unpleasant surprises should be kept to a minimum.

Ask yourself…

1- Can the risks to your business be identified, what forms do they take and are they clearly understood - particularly if you have a portfolio of activities?
2 - Do you grade the risks faced by your business in a structured way?
3 - Do you know the maximum potential liability of each exposure?
4 - Are decisions made on the basis of reliable and timely information?
5 - Are the risks large in relation to the turnover of your business and what impact could they have on your profits and balance sheet?
6 - Over what time periods do the risks exist?
7 - Are the exposures one-off or are they recurring?
8 - Do you know enough about the ways in which you exposures can be reduced or hedged and what it would cost including the potential loss of any upside profit?
9 - Have trading and risk-management functions or decisions been adequately separated?

Where to place stops

We stop out of a trade when we no longer want to hold onto that particular position. The question that arises is: WHY do we want to get out of that trade?

There can be 2 reasons for stopping out of a trade. EITHER the market tells us that our intrinsic View or Directional Assessments itself was wrong. OR we stop out of a trade (even if we still believe in our basic Bullish or Bearish reading) because we think we can establish another position at a better level than the previous one.

The effort should be to choose a meaningful SL which is neither too close to the entry to get activated soon after entry (only to have the market go back in the original direction thereafter), nor so far away from the entry that we have no time or space left for follow up action.
The difficult part about the paragraph above is that it requires us to have a Trading Plan or Strategy and to choose our Entry much more carefully than we tend to do, in accordance with that plan.

Follow through action required we come back to the reasons for wanting to stop out. In the first case, when our directional reading has been proved wrong, we should look to enter into a trade in the opposite direction - a case of Stop-and-Reverse (SAR). It needs to be pointed out here that it is NOT necessary to SAR at the same instance and level all the time. If you are an intra-week (or longer) trader, you can enter into a reverse trade after stopping out of the original trade, allowing yourself time to reformulate your strategy.

tags: portfolio risk management,project risk management techniques,risk management uk,risk management commodities,ltc risk management,octagon risk management,recreation risk management plan,risk management proposal,fl risk management,usda risk management agency,cox risk management,louisiana office of risk management,university risk management association,stockbridge risk management,risk management objectives,army composite risk management,transit risk management,risk management plan outline,aviation risk management,tristar risk management,risk management podcast,risk management in construction project,fiduciary risk management,risk management prevention,risk management documentation,new composite risk management manual,risk management role,uga risk management,wal mart risk management,risk management audits,harvard risk management foundation,hms risk management,risk management infermieri,osha risk management,risk management maturity,pillar group risk management,risk management associations,defination of risk m,anagement army risk management worksheet,risk management portfolio,healthcare risk management certification,ieee risk management,risk management consultancy,rn risk management,event risk management,ich q9 risk management,professional risk management,real estate risk management,lexisnexis risk management,head start risk management,a risk management program,offshore risk management,nasa risk management,society of risk management consultants,risk management matrix,safety and risk management training,risk management and financial institutions john hull,risk and return financial management,risk management for non profits,epa risk management program,risk management inc,risk management certifications,risk management information technology,general motors risk management,corporate risk management policy,enterprise security risk management,clinical risk management,therapeutics and clinical risk management,risks management,affiliates risk management services,risk management institution of australasia,risk management fl,how chart cook county risk management,quotes on risk management,enterprise risk management for dummies,risk management degree,risk management solutions inc,risk management skills,resource management risk,fire service risk management,free risk management templates,east coast risk management,dot risk management,highway risk management,hospital risk management policy,arm risk manager,american society of risk management,risk management compliance,risk management consultant,credit risk management in banks,risk management degree online,managing foreign exchange risk,health care risk management week,change management risk assessment,credit risk management singapore,risk manager job,risk management and insurance book,risk management strategy,global risk management solutions,six sigma risk management,risk management ich,risk management conference,financial risk manager exam,iso iec guide 73 risk management,risk managers,risk managment jobs,lexis nexis risk management,information on risk management,enterprise risk man,gement training nanotechnology risk management,risk management resources inc,risk and insurance management society inc,treasury and risk management,compensation risk managers,managing downside risk,managing fraud risk.

forex software trading to day trading

2009-06-16T19:18:00.000-07:00

The forex software trading to day trading

If you want to earn with forex software trading high repeat in forex software trading you must to decide the tf you wish to tradhere we will compare forex day trading w/ forex trend following and with forex software trading ...

Forex trend following and forex software trading.

Before forex software trading compare the 2 lets get rid of the myth day traders make money without software. You have seen all those fantastic track records. You must checking forex software trading.

So forex software trading other self meet up with other self - the drift records are assured of success up with forex software trading and that\'s baffling problem you see a titillative track record. Of course if you have forex software trading read the above doing a forex software trading track record looking backwards is easy, doing alter terrifically time is hard.

forex software trading data simply is not. Why?

All volatility within a day or a few hrs is random. You can't trade forex software trading no matter how good your forex software trading is. Support and resistance in periods is notvalid, day price moves can go anywhere for forex software trading.

Once you move to trend following the propositional forex software trading function is all bets off long enough periods over against multilateral forex software trading the odds and that\'s exactly what you need with forex software trading, in transit to feel a question of extensiveness trading success.

trading system you can enjoy trading success with high forex software trading

Now you can test Megadroid Forex EA for FREE !!!

2009-05-18T10:13:00.000-07:00

	Albert Perrie Forex Trading Since 1989 (20 Years)

	John Grace Forex Trading Since 1991 (18 years)

Have you ever heard the term “two minds think better than one”?

Well... John and I have actually redefined that term:

“2 Professional Minds Can Produce What 1,001 Unprofessional Minds Can't”

(Quote on their official site)

Now anyone can download and run Megadroid Forex EA (instruction inside)

Disclaimer : This is full test version only. Use it at your legal-own-risk. For legal authentication please visit original website !

SniperFox Scalping EA & Price Action Bar Indicator

2009-04-16T22:59:00.000-07:00

Use scalper system only on EURCHF, EURGBP, GBPCHF, USDCAD timeframe M1, M5 or M15

After download , put the Scalper EA.ex4 in your Metatrader\Experts\ folder

the Price Action bar V2.ex4 in Metatrader\Experts\indicators\ folder

and the EA.dll to Metatrader\experts\libraries\ folder

Then click , drag and drop both the indicator and the EA in your favourite pair chart

Link download

Mechanics of Trading Through Brokers:Voice Brokers and Electronic Brokering Systems

2009-04-13T12:19:00.000-07:00

The traditional role of a broker is to act as a gobetween in foreign exchange deals, both within countries and across borders.Until the 1990s, all brokering in the OTC foreign exchange market was handled by what are now called live or voice brokers. Communications with voice brokers are almost entirely via dedicated telephone lines between brokers and client banks. The broker’s activity in a particular currency is usually broadcast over open speakers in the client banks, so that everyone can hear the rates being quoted and the prices being agreed to, although not specific amounts or the names of the parties involved. A live broker will maintain close contact with many banks, and keep well informed about the prices individual institutions will quote, as well asthe depth of the market, the latest rates where business was done, and other matters. When a customer calls, the broker will give the best price available (highest bid if the customer wants to sell and lowest offer if he wants to buy) among the quotes on both sides that he or she has been given by a broad selection of other client banks. In direct dealing, when a trader calls a market maker, the market maker quotes a twoway price and the trader accepts the bid or accepts the offer or passes. In the voice brokers market, the dealers have additional alternatives.
Thus,with a broker, a market maker can make a quote for only one side of the market rather than for both sides.Also, a trader who is asking to see a quote may have the choice, not only to hit the bid or to take (or lift) the offer, but also to join either the bid or the offer in the brokers market, or to improve either the bid or the offer then being quoted in the brokers market. At the time a trade is made through a broker, the trader does not know the name of the counterparty. Subsequently, credit limits are checked, and it may turn out that one dealer bank
must refuse a counterparty name because of credit limitations. In that event, the broker will seek to arrange a name-switch—i.e., look for a mutually acceptable bank to act as intermediary between the two original counterparties. The broker should not act as principal.
Beginning in 1992, electronic brokerage systems (or automated order-matching systems) have been introduced into the OTC spot market and have gained a large share of some parts of that market.

In these systems, trading is carried out through a network of linked computer terminals among the participating users.To use the system,a trader will key an order into his terminal, indicating the amount of a currency,the price,and an instruction to buy or sell. If the order can be filled from other orders outstanding, and it is the best price available in the system from counterparties acceptable to that trader’s institution, the deal will be made. A large order may be matched with several small orders.

If a new order cannot be matched with outstanding orders, the new order will be entered into the system, and participants in the system from other banks will have access to it. Another player may accept the order by pressing a “buy”or “sell” button and a transmit button. There are
other buttons to press for withdrawing orders and other actions.

Electronic brokering systems now handle a substantial share of trading activity. These systems are especially widely used for small transactions (less than $10 million) in the spot market for the most widely traded currency pairs—but they are used increasingly for
larger transactions and in markets other than spot. The introduction of these systems has resulted in greater price transparency and increased efficiency for an important segment of the market. Quotes on these smaller transactions are fed continuously through the
electronic brokering systems and are available to all participating institutions, large and small, which tends to keep broadcast spreads of major market makers very tight. At the same time electronic brokering can reduce incentives for dealers to provide two-way liquidity for other market participants. With traders using quotes from electronic brokers as the basis for prices to customers and other dealers, there may be less propensity to act as market maker. Large market makers report that they have reduced levels of first-line liquidity. If they need to execute a trade in a single sizeable amount, there may be fewer reciprocal counterparties to call on. Thus, market liquidity may be affected in various ways by electronic broking. Proponents of electronic broking also claim there are benefits from the certainty and clarity of trade execution.For one thing there are clear audit trails, providing back offices with information enabling them to act quickly to reconcile trades or settle differences. Secondly, the electronic systems will match orders only between counterparties that have available credit lines with each other.

This avoids the problem sometimes faced by voice brokers when a dealer cannot accept a counterparty he has been matched with, in which case the voice broker will need to arrange a “credit switch,” and wash the credit risk by finding an acceptable institution to act as intermediary. Further, there is greater certainty about the posted price and greater certainty that it can be traded on. Disputes can arise between voice brokers and traders when, for example, several dealers call in simultaneously to hit a given quote. These uncertainties are removed in an electronic process. But electronic broking does not eliminate all conflicts between banks. For example, since dealers typically type into the machine the last two decimal points (pips) of a currency quote, unless they pay close attention to the full display of the quote, they may be caught unaware when the “big figure”of a currency price has changed. With the growth of electronic broking, voice brokers and other intermediaries have responded to the competitive pressures.
Voice brokers have emphasized newer products and improved technology. London brokers have introduced a new automated confirmation system, designed to bring quick confirmations and sound audit trails. Others have emphasized newer products and improved technology.There
have also been moves to focus on newer markets and market segments. The two basic channels, direct dealing and brokers—either voice brokers or electronic broking systems—are complementary techniques, and dealers use them in tandem. A trader will use the method that seems better in the circumstances, and will take advantage of any opportunities that an approach may present at any particular time. The decision on whether to pay a fee and engage a broker will depend on a variety of factors related to the size of the order, the currency being traded, the condition of the market, the time available for the trade, whether the trader wishes to be seen in the market (through direct dealing) or wants to operate more discreetly (through brokers), and other considerations.

The 1998 Federal Reserve turnover survey indicated that brokers handled 41 percent of spot transactions, and a substantially smaller percentage of outright forwards and FX swaps. Altogether, 24 percent of total U.S. foreign exchange activity in the three traditional markets
was handled by brokers. In the brokers market, 57 percent of turnover is now conducted through automated order-matching systems, or electronic brokering, compared with 18 percent in 1995.

Forex Profit System Foundations

2009-04-12T09:31:00.000-07:00

Before we begin looking at the specifics of the FPS and how it works, let’s look at 4 building blocks that I believe to be foundations to the Forex Profit System.

Foundation #1: I highly recommend that you follow 1 or maybe 2 major currency pairs. It gets far too complicated to keep tabs on all four. I also recommend that traders choose one of the majors because the spread is the best and they are the most liquid. I personally follow only USD/CHF because it moves the most every day.

Foundation #2: Follow and understand the daily Forex News and Analysis of the professional currency analysts. Even though this system is based solely on technical analysis of charts, it is important to get a birds-eye view of the currency markets and the news that affects the prices. It is also important that you know and understand what the key technical ‘support’ and ‘resistance’ levels are in the currency pair that you want to trade. Support is a predicted level to buy (where currency pair should move up on the charts), resistance is a predicted level to sell (where the currency pair should move down on the charts). 3 Fortunately, all the best Forex news and analysis is offered free on the Internet. Here is what you should do first:

*While you are reading the daily news and technical analysis, write down on a piece of paper what direction the analysts are saying about the major currency pair you are following and the key support and resistance levels for the day.

A. Go to www.forexnews.com and you will find 24hr news and analysis on the spot FX markets. The site will give you the big picture of how the economic calendar and central banks affect the currency markets. A great resource.

B. Next visit Commerzbank’s Daily Market Technicals here: www.commerzbank.com/upload/dailye.pdf This daily commentary gives you supports and resistances and predicted direction of the major currency pairs and crosses. One of the best.

C. Then go to www.fxstreet.com and click on the ‘Top Forex Reports’. Here there is a wonderful listing of all the major daily currency analysis and forecasts with support and resistance and direction forecasts.

D. Click on www.currencypro.com and go to ‘Today’s Market Research’ and there you will find more excellent analysis on the Major Currency pairs. Another great Forex Portal.

Foundation #3: Only get into a trade when the FPS technical indicators say when. Always trade with stop losses! It is important when you are trading Forex, to be disciplined and to stick to a plan. Don’t just trade your ‘gut’ feeling. Use the technical indicators outlined and always enter in stop losses on every trade.

Foundation #4: Practice makes perfect. As they say, there is no substitute for hard work and diligence. Practice this system on a demo account and pretend the virtual money is your own real money. Do not open a live trading account until you are profitable trading on a demo account. Stick to the plan and you can be successful.

Forex Trading System FPH - [Forex Pips HUNTER]

Demo Account Setup

2009-03-12T16:25:00.000-07:00

The 5th lesson is finally here! I will show you how to get started trading the Forex
100% risk free. After this lesson you will start to experiment with Forex trading.
You will not be a master trader the first day. It is important that you persist in your
efforts. You have to keep trying until you succeed. There are a few things that I
want to explain that you should know before attempting to set up your demo
account.

I want to explain a little more about the currency pairs. Currencies are always
traded in pairs in the Forex. The pairs have a unique notation that expresses what
currencies are being traded. The symbol for a currency pair will always be in the
form ABC/DEF. ABC/DEF is not a real currency pair, it is an example of a symbol
for currency pairs. In this example ABC is the symbol for one countries currency
and DEF is the symbol for another countries currency.
Here are some of the common symbols used in the Forex:

USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound
JPN – The Japanese Yen
CHF - The Swiss Franc
AUD – The Australian Dollar
CAD - The Canadian Dollar

There are symbols for other currencies as well, but these are the most commonly
traded ones. A currency can never be traded by itself. So you can not ever trade a
EUR by itself. You always need to compare one currency with another currency to
make a trade possible. Some of the common pairs are the EUR/USD, GBP/USD,
EUR/AUD, USD/CAD, etc...

The currency pair looks like a fraction. The numerator (top of the fraction) is called
the base currency. The denominator (bottom of the fraction) is called the counter
currency. When you place an order to buy the EUR/USD, you are actually buying
the EUR and selling the USD. If you were to sell the pair, you would be selling the
EUR and buying the USD. So if you buy or sell a currency PAIR, you are
buying/selling the base currency. You are always doing the opposite of what you
did with to base currency with the counter currency.

If this seems confusing then you're in luck. You can always get by with just
thinking of the entire pair as one item. Then you are just buying or selling that one
item. Thinking like this will still enable you to place trades. You only need to be
aware of the base/counter concept for fundamental analysis issues. S o why is it important to know about the base/counter currency now?
The base/counter currency concept illustrates what is actually taking place in a Forex
transaction. I mentioned before that short-selling was restricted in the stock
market. Short-selling is where you sell a stock/currency/option/commodity first
and then try to buy it back at a lower price later. But in the Forex, you are always
buying one currency (base) and selling another (counter). If you sell the pair you
are simply flipping which one you buy and which one you sell. The transaction is
essentially the same.
This allows you to short-sell with no restrictions!

You want to be able to short-sell with no restrictions so you can make money
when the market drops as well as when it rises. The problem with traditional stock
market trading is that the market has to go up for you to make money. With Forex
trading you can make money in all directions.

Another important concept for Forex trading is the leverage. Leverage is when
you can use a little money to control a lot of money. The Forex market is probably
the highest leverage market in the world. There are different types of leverage
available in Forex trading. The highest leverage possible is 200:1. This means
that if you put up $1 margin, the trading provider will allow you to trade with $200.
So if the price of the currency pair goes up 1%, you make 200*1%=200%!

The margin for Forex trading is a good faith promise to the trading provider. Other
money in your trading account also insures your transaction. You only need to
know that the margin is the amount of money you need to place a trade.

Another important piece of lingo is the term "pips". Since we have the EUR/USD,
EUR/AUD, etc..., we need a way to talk about the number or price. When you see
a Forex currency pair price quote, the last digit of the price is commonly referred
to as a pip. So if you see a price quote of 1.6118 and then a price quote one
minute later of 1.6119, the price rose 1 pip. Similarly, if we see a price quote of
187.50 and then another one 5 minutes later of 187.58, the price rose 8 pips. The
pip is always the last decimal place of the currency price quote.

These lessons literally could go on for several years and you still would not know
everything. At this point, you are ready to start demo trading. Once you begin to
place demo trades, you will learn a lot about how Forex transactions are placed.
This is an important step for you to be able to learn how to become a trader.
Important Note: Just fooling around in a demo account can be a great learning
experience. You will not learn how to become a trader this way. You need to have
a trading strategy, like the ones at trend strategy store.

Here's how to get started with your own demo account.
Go to http://fxcm.com/mini-demo-registration.html

There you can sign up for a free mini-demo account. A mini account is just like a
real demo account, except the trade sizes are smaller. In a real account the smallest trade size is $100,000; in a mini account the smallest trade size is
$10,000 (this can be done with a $50 margin, the power of leverage!).

There are several other places online to sign up for a free demo account. I use
fxcm, because they have the best overall reputation online. Fxcm has built itself to
the premier Forex trading platform. I don't get paid anything to endorse them, but
they are currently the best.

Once you sign up for your mini-demo account, you will need to try out one of the
trial charting packages. Any of these will do because they all have the SMA. You
can then set up your demo account and use the SMA crossover method from
lesson #3. This is a good way to get used to how orders are placed. Once you
have a real trading system, you will already know how to place orders properly.

Everyone makes mistakes placing orders. You need to experiment in a demo
account to make your mistakes without losing money.
At this point you have to make a decision about how fast you would like to learn
how to become a trader. The truth is that the longer you wait to get in on this
market, the more potential money you are missing out on. You need to decide
what time frame is right for you to begin trading.

You need to decide if:
1. You want to place real trades within the next 3 months (or sooner, depending
on your desire)
2. You want to build your knowledge for several months before placing real
trades.
The choice is entirely yours. No-one else can make that decision for you. You
need to make a plan and stick to it. It is important not to put off your success.
Success requires action.

If you want to place real trades within the next 3 months, you should check out
4xtrend. There are some great resources at extremely affordable prices that can
get you trading in a very short amount of time.

At this point, I would like to congratulate you on completing the Insider Secrets of
Online Currency Trading course! You have already showed a level of
perseverance that most people lack.

I would also like your input on any aspect of Insider Secrets of Online Currency
Trading. I am interested in any parts you found helpful, insightful, confusing,
etc... Any feedback about this course would be extremely helpful for all of the
readers. This is largely a collective effort; by contributing you benefit yourself and
others. Simply post your questions to comments

Here is a recap of what you should be doing right now to pursue your Forex trading goals:
1. Setup a free demo account by going to:
http://fxcm.com/mini-demo-registration.html
2. Decide your time frame on when you want to enter the market. If you want to
get there as quick as your heart's desire, go to www.4xtrend.com. If you want to
take your time, sign up for the Forex system course.
3. Be persistent and never give up!

Fundamental Analysis Intro

2009-03-12T16:21:00.000-07:00

You have now reached the 4th lesson in this free Forex course. This lesson will
briefly introduce you to fundamental analysis. Fundamental analysis is the most
difficult aspect of Forex interpretation. It requires an extended period of learning
fundamental concepts and their impact on the Forex market.

T o learn a fundamental style of trading completely would require years of
experience. So how can you take advantage of fundamental concepts without
having those years of experience? The Forexezine provides the answer. You
will receive articles that explain different fundamental market concepts - one
concept at a time.

Over time you will have an increasing arsenal of fundamental concepts to add to
your technical trading skills. Tips on how to compare fundamental results with
technical signals will be given in the "Forex Fundamentals" issues of the
Forexezine.

So what does fundamental analysis do? Fundamental analysis uses "economic
indicators" and other news related information to determine an impact on Forex
prices. These "economic indicators” are published at regular intervals and many
of the International Banks use this data to forecast Forex trends. The economic
indicators measure how well an economy of a country is doing. This data can
then be used to compare the economy of one country with another. The status of
an economy will influence its exchange rate, so fundamental analysis provides us
with ways to measure potential Forex trends.

When this data is made available to the public there is a reaction from investors
and speculators. Information in the form of news and economic indicators is
vaguer than that of technical indicators. There is a lot of gray area in this type of
Analysis. The market will ultimately react to how people think the economic data
compares to the current market situation.
Economic indicators usually reveal information that "Should cause a currency to
go up in price" or "May cause a currency to go down". The words 'should' & 'may'
in the quotes above reveal the ambiguity of the fundamental data.
Here is an example of what analyzing fundamental data is like. Let's suppose
there are six economic indicators (there are a lot more). Let's call our six
indicators A, B, C, D, E, & F. Now we wait for the data from our indicators to be
published in a financial magazine or at an online source. We manage to get the
readings for our economic data for the EURO:
Indicator A: is in a range where the Euro may go up
Indicator B: is in a range where the Euro should go up
Indicator C: is in a range where the Euro could go down
Indicator D: is in a range where the Euro usually goes down
Indicator E: is in a range where the Euro could go up
Indicator F: is in a range where the Euro may go down

By looking at the above indicators, you don't know what the Euro is going to do.
Furthermore, currencies are always traded in pairs (explained in more detail in
lesson #5). You would have to get the fundamental data for another currency pair and compare it with the EURO to make a trading decision. I think you can
appreciate that this is no simple task.

I do not want to discourage you away from fundamental data. The best way to
learn is one piece at a time. Eventually you will build a puzzle from all of the
fundamental and technical data and make more informed trading decisions.

At this point I am going to list some of the most commonly used fundamental
indicators (sometimes referred to as economic indicators).
1. The Gross National Product (GNP). This number represents the total financial
position of an entire country. This is probably the most referred to economic
indicator (although by itself it does not provide enough info to make decisions).
2. The Gross Domestic Product (GDP). Basically this is the GNP for the United
States. This measure is still referenced, but is almost completely phased out of
use. The term GNP has been used to represent GDP as well.
3. Consumer Price Index (CPI). Measures retail prices in a country.
4. Producer Price Index (PPI). Similar to the CPI, but for wholesale prices.
5. GNP & GDP Deflator. Readjusts the GNP & GDP for inflation.
6. Industrial Production (does not have an acronym).
7. Capacity Utilization
8. Unemployment rates also have an impact on foreign currency exchange rates.
9. Personal Income has an impact on foreign currency exchange rates.
10. Consumer Spending Indicators also influence Forex prices.

These are just a handful of economic indicators used in fundamental analysis.
Throughout the course of the Forexezine you will be able to interpret these
indicators.

If you do not like the concept of fundamental analysis, you can certainly skip it
altogether. There are plenty of purely technical systems out there for you to trade
with (like at 4xtrend). A key concept to technical analysis is that all of the
fundamental data is ultimately revealed in the price anyway. And if you have a
system that must be triggered when the price goes up or down, then you have a
great tool.

The fundamental analysis issues of the Forexezine are purely for those people
who are interested in them. I will tailor the frequency of topics to the reader’s
preference.
I always encourage you to drop me a line with any questions, suggestions for
new articles, articles you have written, or just ideas related to the Forex. Please wait until after the next lesson to ask any questions about the Insider Secrets of
Online Currency Trading course. I still have some more concepts to add to get you
started trading in your own free demo account.

There are a few more things that will help you get stated demo trading in lesson
#5. You won't want to miss the next lesson.

Technical Analysis Intro

2009-03-12T16:18:00.000-07:00

Technical Analysis Intro

This lesson will focus on Technical Analysis. This field of knowledge is probably
the largest in the Forex trading world. This lesson will explain what Technical
Analysis is and what it does. I will also give you a basic technical trading
strategy.

There are two main types of analyzing the Forex market. The first type is
technical analysis. Technical analysis is a way of using historical price data in
different ways to predict the future price of a currency pair. Technical analysis
relies on price charts and various technical indicators to make predictions. The
main assumption of Technical Analysis is that the historical price data reveals
patterns that repeat themselves over time.

Fundamental analysis is also a popular way of analyzing the Forex market.
Fundamental analysis examines different facts about the economy to predict
price movements. Lesson #4 will concentrate on fundamental analysis
exclusively.

I am explaining technical analysis first because it is the easiest and most precise
way of trading the Forex market. "The numbers don't lie" is a phrase that applies
more to technical analysis than to the fundamental approach. Technical analysis
can be learned much faster than fundamental analysis and requires less
expertise.

I mentioned above that technical analysis is based on technical indicators. These
indicators make different mathematical calculations and display the results on a
price chart. The skilled Forex trader interprets these indicators and makes
trading decisions. So how do you become a skilled Forex trader, friend? Read
on to find out.

The most basic technical indicator is one that you can draw with your own hand.
I will simply explain this indicator, but you will not use it. This basic indicator was
used early in the stock market, and is still used today. This indicator is known as
a "trend line". To draw a "trend line" you simply:
1. Print out an historical price chart for a given time interval of a currency pair.
2. Draw a line connecting two or more parts of a graph that have higher lows, or
lower highs. Poof! Now you have a trend line. This trend line represents the basic price
direction of the currency pair. When the price of the currency pair breaks through
the trend line in the direction opposite of the trend, you would expect a reversal.

By reversal I mean this:
1. If the prior trend was upward and the price broke through the trend line moving
down, this would indicate a new downward trend using the trend line method.
2. If the prior trend was downward and the price broke through the trend line
moving up, this would indicate a new upward trend using the trend line method.
Trend lines can act as either floors or ceilings for the price data. When these lines
are penetrated, the price usually moves completely to the other side of the trend
line.

Suppose you are monitoring the EUR/USD (a popular currency pair). You draw a
trend line connecting 3 points where higher lows are reached than previously on
the chart. After you draw the line, you notice that all of the price data on the chart
so far falls below the trend line you have drawn. The trend line is acting like a
"floor". The floor appears to be a boundary that the price will not cross. So now
you wait until the price crosses the boundary. A few periods later you notice that
the trend line has been broken when the EUR/USD fell below it. So now you
would expect the price to go even lower because the "trend line" method
suggests that an old floor will act as a new ceiling. So now you can expect all of
the prices to be below the trend line once it has been broken.

Once the trend line is broken, the prices should stay below the trend line. This
method is not very scientific. A lot of the method depends on how you draw your
trend line. I have also given you a simplistic version of the trend line method.
There is a little more to it.
Because the trend line method is not very scientific (or accurate) better methods
have been developed. Some changes were made to the trend line philosophy
and many people called for a more precise method. There are actually many
more precise methods available today. The next method was not a practical
candidate to replace trend lines until the computers reached the sophistication of
the mid 1990's.

The Simple Moving Average (SMA) is a theoretical extension of the trend line
concept. The Simple Moving Average is plotted on a graph by the charting
program for the Forex market data. The SMA takes the average of the close
price of a given number of the last few periods. Any number of periods can be
selected. You can have an SMA5 or an SMA20. An SMA5 will take an average
of the previous 5 close prices on the chart and will plot it on the chart alongside
the other price data. Each bar will use the previous 5 bars worth of data to
calculate a point and plot it on the graph.
If the SMA is generated using a large number of periods (like an SMA50 or
SMA75), you could interpret it similarly to the trend line. But if you select "faster"
SMA's (like an SMA5 or SMA20), you need to use a different strategy.
I am about to give you a strategy using the SMA. In lesson #5, I will tell you how to set up a free demo account and begin using this strategy for practice trades.

This strategy is a very basic one. It does not have a high degree of accuracy, but
it is very easy to do and it is fun. It is a good technique to begin trading with. I
want you to keep in mind that there are better strategies out there.

The SMA crossover method. After you have set up your free demo account
(lesson #5), you need to open the charting software. The SMA is one of the most
commonly used indicators and can be found in almost every charting package out
there. When you plot the SMA, you will be able to select a line color to plot it.
Make sure to use a different color than the actual prices on the chart.
Step 1: Plot an EMA5 using blue (or any color you like)
Step 2: Plot an EMA20 using red (or any color that is different than step 1's color)
You now have 2 SMA's plotted on the chart. You also have two signals.
Buy signal: When the SMA5 crosses the SMA20 moving up ward.
Sell signal: When the SMA5 crosses the SMA20 moving down ward.
The beauty of this method is that the price of the currency pair can not go up
significantly without triggering the buy signal. In other words - if the currency pair
begins to trend up, then the buy signal must be triggered. The opposite is also
true - if the currency pair begins to trend down, then the sell signal must be
triggered. The only time where this system fails is when there are false alarms.
Sometimes the currency will act like it is going to trend up and then it will trend
back down.

Here is a way to see how the SMA's predict price movements. You should open
up some charts and put on the SMA5 and SMA20 overlays. You can then look at
the times where the price fell/rose significantly. What did the SMA look like near
the beginning of the price movement? What did it look like after? By viewing
how the SMA reacted in the past you will get an intuitive feeling for how it will act
in the future after an SMA crossover.

The SMA crossover method will work best in longer time frames. If you attempt
to use it for tick-by-tick day trading, it will probably only produce losses. This
method works better for trades that last weeks, or months. I have only shown
you this method so you can trade it for fun. I strictly want to caution you not to
trade any real money using this system ever, unless you add tips from the
Forexezine to it and perfect it for yourself.

Insider Secrets of Online Currency Trading will provide you with other
techniques in the future. This is an easy one to get started with. I have also
personally developed 2 trading strategies that utilize more powerful techniques.
In the next lesson I will let you know what fundamental Technical Analysis is and some of
the basic measures it considers. The 5th lesson gives you what you need to
understand and open a demo account.

FAP Turbo - Forex Auto Pilot Turbo free download

2009-03-04T20:46:00.000-08:00

FAPTURBO IS A COMBINATION OF 2 STRATEGIES:

• Short Term Scalping Strategy

• Long Term Advanced FAP strategy

Both strategies are built inside one FAPTURBO expert advisor and can be switched on and off using UseScalperStrategy parameter in FAPTURBO settings.

Each strategy uses its own designed timeframe and currencies so be sure you use the strategy on proper currency pair and timeframe. Read the Guide in the download file for more details.

Only 1 strategy can work on one Chart at the same time but you can open several charts to run different strategies within one trading account. More details on how to do that can be found later in this Guide.

FAPTURBO scalper is a unique system that usually makes 1-5 trades a day aiming for small take profit value (from 6 to 10 pips) when the market is stable enough (often during nighttime in Europe).

By default scalper strategy does not make any trades during day time (GMT) and does not trade on Fridays, where the market is too unpredictable. (and of course no trades on weekends)

Scalper strategy is very safe because it has a low value stop loss limit and advanced algorithm that closes the trades according to inner indicators.
Stealth Mode protects you from cheating on the broker side. Using the stealth mode the take profit and stop loss values are not displayed to broker.
Scalper strategy works on EURGPB, EURCHF, GBPCHF or USDCAD currency pairs on M15 timeframe only.

Long Term Advanced FAP Strategy

FAPTURBO uses advanced FAPS (ForexAutoPilot) Algorithm.

The Trading system of the ForexAutoPilot expert advisor is based on several modern Forex indicators such as Alligator, Fractals, DeMarker, and William's Percent Rate. The system detects a good trend and confirms it using internal indicators, then opens the trades to make maximum profit for you. ForexAutoPilot advisor monitors each open trade carefully and closes it if it reaches the takeprofit limit when the trade is successful.

FAPTURBO Longterm FAP STRATEGY was optimized for the best performance on EURUSD pair M1 (1 minute timeframe).

FAPTURBO Long Term Strategy is optimized to avoid trading during risky market conditions. No trades will be opened on such dangerous days. Please have patience! If it does not open any trades for a week or two that means the market is in a risky zone!

Good luck !!!

Disclaimer : This is full test version only. Use it at your legal-own-risk. For legal authentication please visit original website !

Link download

forex educational dvd''s uk - WHY YOU SHOULD GIVE THE FOREX A SECOND LOOK

2009-02-25T11:39:00.000-08:00

Hello,
only if you need forex educational dvd''s uk - visit
YOU SHOULD GIVE THE FOREX A SECOND LOOK:
-Large returns
-Currencies trend well.
-There are no commissions uk.
-US$6 trillion a day and growing
- Free forex Educational info in teh Net and dvd"s
-The forex is a very efficient market.
-High leverage: Each pip is worth US$10
-There is lots of movement in this market.
-You can trade 24X5 from home or anywhere.
-Little capital is required – as little as US$500.
-You can easily start out by taking 20 pips a day.
- forex educational dvd''s uk
-You can trade whether you have a day job or not.
-You can hedge at FX Solutions. Not all market makers allow this.
-All you need is an Internet connection; charting/dealing forex software is free.
-This is real-time trading; 2.5 to four second response time; rare re-quotes.
-Low lot size: 100 to one ratio; US$100 controls US$10,000 (1,000 = 100,000) read it in
forex educational dvd''s uk
- you can search in google and find more forex educational dvd''s uk

Read more A Forex Fejőstehén Stratégia

PK.Trader is a small facility forex trading software

2009-02-08T20:37:00.000-08:00

PK.Trader is a small facility forex trading software to help you train yourself to trade forex, find valid forex trading strategy, and make your demo or live tading activities more effective, more convenient, and more comfortable.

It using for forex Metatrader 4 as the background trading platform. Metatrader 4 is copyrighted product of MetaQuotes. The use of the forex terminal part of Metatrader 4 is free, and is widely used as technical analysis software in forex and many other trading communities.

PK.Trader consists of two parts: PKTrader.exe, and PKTrader.ex4.
For demo or forex live trading, you should copy and paste PKTrader.ex4 files to your Metatrader 4\experts directory, and copy and past PKTrader.exe to your Metatrader 4\experts\files directory.

Then RUN your Metatrader 4. (if your Metatrader 4 is alredy open, you should close it and then restart.) From Metatrader 4 menu ViewàNavigatoràExpert Advisors, find and attach PKTrader to the chart, of which the symbol you want to trade. You can attach PKTrader to different symbol charts as many as you like, since you might want trade more than one symbol. Each attached PK.Trader version will only take care of the trades of that symbol of that chart with magicnumber placed by PK.Trader.

Then double click the file PK.Trader.exe in the Metatrader 4\experts\files directory to start the exe file. Now you can do demo or live forex trading from the PK.Trader GUI interface. PK.Trader will help you place stoploss, takeprofit, move stoploss to breakeven, and automatically trail your stoploss according to your instructions set from PKTrader. You can also conveniently place pending orders from PKTrader GUI, and effectively manage your open positions from PKTrader GUI.

You can also use PK.Trader as a tool to practice your trading skills and find your winning forex strategy. To do so, copy and paste PKTrader into your Metatrader 4\tester\files directory. Double click the file PKTrader.exe in the Metatrader 4\ tester \files directory to start the exe file. Then from Metatrader 4 menu ViewàStrategy Tester. In the forex Strategy Tester interface, select PKTrader as the forex strategy you want test, then select visual mode. You can attach different forex indicators from MT4 to the testing chart to help you train your trading habits.

-Click Buy or Sell buttons will place markt long(buy) and short(short) orders for the specified symbol,with the specified lot size,stoploss,takeprofit, and slippage.
-Click cabr button will close all buys for the given symbol and place forex market sell orders for the symbol with equal sizes as of the closed sells, for the specified stoploss,takeprofit,slippage.
-Click casr button will close all forex sells for the given symbol and place market buy orders for the symbol with equal sizes as of the closed forex buys, for the specified stoploss, takeprofit, slippage.
-Click erase will erase the order if it is not sent to the MT server by the MT Client if your network is not in good shape.

Risk Disclose: the author of PK.Trader assumes no liability in any form for your forex trading results.

Best Forex trading software:

DOWNLOAD FREE PK.TRADER

Forex Funnel - Martingale EA

2009-02-05T05:01:00.000-08:00

Requirement :

- Minimum equity of 2500$ per 0.01 lot traded so if you wish to trade 0.1 lot then you should have 25000$

- Leverage : 1:200 or higher

Instruction :

- Copy the .ex4 to your Metabroker\Experts folder and the .dll file to your libraries folder

Then open your USD/JPY chart , 1H and active the EA , in the setting tick the box say Allow live trading and the "Allow import of external experts" box.

Setting :

- You can change the lot size to 0.01 per $2500 equity.

- The use time function is used if there is a big news announcement i.e non-farm payroll comes out on the first Friday of everymonth.
This will stop the EA from making trades on that certain day so if you want to set it not to trade on that Friday, you would have "usetime" set to true then Sunday, Monday, Tuesday, Wednesday, Thursday, Saturday set to false and Friday set to true.
Then once Friday has passed simply turn "usetime" to false again.

Everything else would run on autopilot, please be informed that if trading 0.01 lots make sure your broker support this otherwise the system will not trade.

Good luck !!!

Disclaimer : This is full test version only. Use it at your legal-own-risk. For legal authentication please visit original website !

Link download

Trading from home FRED Expert advisor

2009-01-19T08:40:00.000-08:00

Automatic Trading Expert Advisor F.R.ED full test version

Apply to a EUR USD 30 min chart

Important Instructions:

After you set up, wait for trades to be placed.

Depend on current market conditions, you could see trades placed within the hours after you set up the system. Normally, you should see trades placed between 24-36 hours

FRED will open trade a few times a week when its internal indicator find the proper market conditions to open trades. FRED doesn't have to open many trades or trade every single day.

The goal is to make a profit, not to make many trades.
Usually FRED open 2-15 trades a week !

No trades will be performed during the weekend so there is no need to turm off the EA, it will sleep and continue to trade as soon as the market is opened again.

Lot size and Risk : For every 0.1 lot size of the EU your account will use approx $70. So I recommend using these lot size setting for different account sizes :

Account balance $500 : 0.1 lot size

$1000 - 5000 : 0.5 - 1 lot size

$5000 - 10000 : 1 - 5 lot size

Disclaimer : This is full test version only. Use it at your legal-own-risk. For legal authentication please visit original website !

Link download

Forex Systems: Forex Autopilot Versus Forex Automoney

2009-01-15T13:54:00.000-08:00

Forex Autopilot and Forex Automoney are one of the best forex trading system that has been used by many forex trader.

Do you want to know why? Are you still having difficulty in choosing the right forex trading system that you can use to maximize your trading profits?

Trading the forex market are one of the easiest way to make money online with almost no investment risk on your part or you can just start with a small amount.

Every year, millions of people around the world are forex trading, and the smart ones are cashing in thousands of dollars every day and every month. Its yeas and nays coincidence the traders make the consistent money are the ones attended by a forex trading software, a forex strategy against turn back the forex markets finished version for them. The ones who lose the most money are the ones with no plan, or weak strategies. This is the very same reason why forex autopilot and forex automoney had gain their own popularity.

Lets start with Forex Autopilot. It is an automated forex system that will allow you to online making money even when you are a sleep, walking, swimming, travel. Forex Autopilot is a proven, simple, hidden and profitable forex trading system that has removed human errors in forex trading. You can now place your trade worry absolutely free and stress free. With forex autopilot your forex trading profits will be on autopilot.

This easy forex trading system doesn't required you to be mathematician or a programers to make the forex system work. It doesn't ask any forex trading experience. It is Easy for Setup. And you will be amazed on how the fx ea system works!

Discover more about Forex Autopilot and Forex Automoney Here!

Forex Automoney on the other hand is a ready to use forex signals predict generator.
The forex sytem will tell you when to Buy or Sell currency forex trading and when to stop. The proven forex system is responsible in making a lot of forex trader millionaires. The forex system has it's own financial analyst and forecasts, programmer and mathematician which had developed an innovative and intelligent forex software that automatical analyzing worldwide currencies forex market and determine when to buy or sell.

The system will allow you to trade in three TFs. You can start forex trading even when you just have $1.00 USD. The hiden forex system are working any where in the world and any place. This FX system doesn't involved any thinking, you can earning really money with just a click of a mouse button, it is new and easy online home business. Both of them are real good forex trading system. Now perfect time to use forex autopilot or forex automoney systems!

read 3 Simple moving average Fractal system

Hidden Forex Autopilot or Real Amazing Forex Automated Robot

2009-01-15T13:40:00.000-08:00

Forex Autopilot is a new automated forex trading system that has been used by many forex trader.

Eventhough it was new, it boot be resolute that the automated forex system has been tested with more time.

Forex Autopilot is proven, automated forex and consistenly profitable.
Now you can start using Forex Autopilot here!

Forex Autopilot will allow everyone even without forex trading experience to siphon huge earnings from forex trading.

With this autopilot forex system you will never be afraid to put your hard earned money trading the forex.

The forex system is 100% mechanical giving you more forex opportunity to maximize fx trading profits.

Forex Autopilot has been created by Marcus leary, a mathematician. He used, tested and perfect Forex Autpilot and then revealed the forex trading secrets of the many forex elite traders to help ordinary people to make excellent profits from trading the forex market. Forex Autopilot already remove the human errors, leaving you a 99.9% forex trading profits.

We all know for sure that forex trading involves risk but with automated forex system risk had been minimized.

Long ago, forex trading are for those people who had enough capital but with the boom of technology, forex market had opened door to a lots of people to embark on this kind of online home business.

Now with the use of forex autopilot system, you can trade even with no or little capital.
All you have to do is opened a demo trading account and when you look that a certain trade will going to give you maximal forex profit then that is time to start opening a real fx account. Making real money in forex trading is fast and easy steps if you only find the right forex tools and hidden forex info.

The forex system that I'm telling you is the only trading system that will going to forex automate your forex trading profits! With this powerful and amazing forex trading software you don't have to work for a boss, dance to others tune and most of all you can gain financial freedom that you have been wanting for na long time now!

So, what are you waiting for? Make real money and huge online income from Hidden Forex Trading with Forex Autopilot!

Learn How to tell Forex Experts from Forex Indicators

Forex Trading Robot

2009-01-15T13:29:00.000-08:00

The FOREX market can be very exciting and rewarding but if not taken seriously will humble you faster then a New York second. Just look at the sobering statistics that well over 94 percent of the people who trade the FOREX market will lose money over their entire lifetime!

There is a gigantic learning forex zigzag and it let out take divers years and thousands of dollars inwardly losses (unless yourself are in some measure industrial a demo account) in front of a forex trader may start to recognize a forex profit. Metaquotes which originates in Russia has made available a very sophisticated and flexible Forex charting platform called Metatrader 4 (MT4). All Forex brokers support this platform and there is never any fees for using the forex software including data.

I strongly subscribe to downloading your unbesought demo cairn and crack up practicing using this forex software. You can even back test your own forex strategies using forex historical data that is supplied with the platform.

Another urgent fact is once they malleable your explosive forex account me earth closet wrench getting subleased never-never bonuses from certain "introducing forex broker" websites that have a agnation therewith those forex brokers that are willing unto occasion back a gross profit in relation with your make a generalization cost. A FOREX trading robot is a completely automated forex trading system that trades the market 24/7 hours a day with out any human intervention.

The forex robot will place all your entries and exits without you lifting a finger. Keep clout mind your PC, forex charting software and robot must be on for the forex robot to work efficiently.
If this presents a problem there are third-party hosting companyes that can place your forex robot on a VPS "virtual private servers".

What should you look for if you are interested in purchasing a FOREX trading robot?
1. Make sure the product has been backed tested over many different periods and forex tf whithin at least a 90% modeling quality shown on the report. More importantly, see if the forex software vendor gives actual forex trading statements which are much more important than a back test.
2. Ask if you receive free fix forex updates. It's high-ranking to have bonny customer allege in support and to encounter that if there are changes in the market or the character trades are dispatched there will be immortal behind the scenes that can fine tune the robot and to bind whatever programming changes are true.
3. Make sure it is already set-up with the best out-of-box settings. There is no sense in using a FOREX trading robot if you can't figure out how to use it.
4. I can't tell you how many times Ive been told that after the robot was purchased there was little or no customer support and e-mails were not answered. Nothing is more upsetting than sitting with a piece of software that is unusable.
5. Make sure you ask what happens in the event you change forex brokers in the future. Because most forex ea robots require your account number hardcoded it's important to find out up front if there is a fee for changing your forex live account number.

Learn Psychology of a FOREX Trader

Forex Scalping and Day Forex Trading Success or How to Win

2009-01-15T10:17:00.000-08:00

If you look online you will see numerous vendors selling promising you day trading and scalping success but what do you need to win? Let's find out...

The industry that surrounds forex scalping and day forex trading that sells systems is homeric and it sounds very silvery but if herself strip away the slickness the science of being doesn't work. We will look at why in a moment for now lets see why the track records always make money that you see and the warning below will give you a clue...

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Ah so they have never actually been traded and how much use are they? Well the conclusion of the disclaimer makes it very clear."
Simulated forex trading programs in general are also subject to the fact that they are designed with the benefit of hindsight.

Enfranchisement representation is being succeeding that anybody annual behest billet is predictable until make it profit or losses approximating to those shown. So you have someone who claims they can make you money but hasn't actually done it themselves so why can't they make money in realtime?

Quite simply because forex trading doesn't work. It sounds good forex trading small moves with tight stops for forex profits and it would be a good idea if the volatility that occurs in any daily forex trading session was not random but it is. Awful if you dwelling a stop using daily levels the only ethos you can win is congruent with hap and your luck won't last ever and again! You can apply the best forex trading systems, fx technical indicators and try as hard as you like but if you cannot use the daily ranges you're going to lose sooner rather than later.

Lots of people tell you that human nature can be predicted with science in short time frames but if the markets moved to science and we could predict then there would be no forex market, as of course we would all know the price before hand. So if ego want toward change forex and win twelvemonth trading and scalping wont further you. You need to trade forex longer time frames. Swing forex trading is a good option. You are trading valid forex data, you can have stops quite close and you have plenty of action. It's easy to learn fun to do and can be very profitable. So leave day forex trading to the losers and don't believe the hype it doesn't work as the logic it is based on simply doesn't add up.

Learn FOREX ZUP :: Zig Zag with Pesavento Patterns. Part No1

Forex Day Trading Profits or Who Makes Them?

2009-01-15T09:26:00.000-08:00

If you are considering forex day trading than this article is for you. On the net themselves will lay a wager more products and forex trading systems sold favor day consignation than for any form of transmittal and this forex article crave give you the new forex technic up against forex day trading.

The most important fact is it doesn't work longterm and you will get wiped out here's why:
ShortTerm Volatility is random

Millions of forex trader's trade trillions of dollars every days and to says you can tell what this huge diverse mass of mens will do in a few hours or a day is ridiculous.
Humans are un-predictable in short time frames - PER IOD.

All Volatility is random
This is a resultant belief as regards the above and of course short term unreliability is arbitrary.
If this is so, then all support and resistance levels are not valid in a daily time frame, as volatility takes prices anywhere in a day and you have no way of forex trading.
Tools that work in other forex currency time frames, simply don't work in intraday forex trading and never can - that's why a day forex trader can never get the odds in their favor and his luck will soon run out.
So why is it so popular?

Because it's a good story and internet marketers know this.
The establishment ballyhoo foolish e-books claiming rapid profits and infinite riches, all for a minim sheriffalty dollars! if subconscious self worked, a kraal nonuniqueness forex traders would mix small change and they don't.

It sounds low risk forex scalping small forex profits that build up over time but the reality is a thumping quick loss of equity for the trader.
But I have seen the track record you may say...
Sure you have but you never see a real one - there always hypothetical simulations done knowing the closing prices - how hard is that?

Anyone could do it even a kid could - but life in forex is not like that, you have to trade going forward and not knowing the closing prices and that makes things a little more difficult!
Its a yea couche and approximately in connection with the advertising vicar is fantastic but it's a tale but brave stories don't put through money. My kids love irk Potter aside from superego don't think they can fly!

Forex trading intraday appeals to greedy and naive traders who are looking for a fast buck and in forex markets making money is not easy and nor would you expect it to be - with the rewards on offer.

THE PERFECT FOREX NEWS IS...

There are far better ways to make money than forex trading and these methods use longer time spans where you can get the odds in your favor.
Traders can and do make money in forex trading - but the day traders end up in the 95% of losers and if you don't want to do the same, avoid forex day trading.
Get proper sensible trading forex education and trade the longer term trends for more forex profit.

More forex eduction you can find here - Forex Trading

Learn more - True Forex Scalper - Forex Expert Advisor - Download

FIVE Forex Tips to Follow for Successful Forex Trading

2009-01-12T01:36:00.000-08:00

There are two forex basic exchanges for investing to forex trading currencies -- the currencies futures market and the Forex market. Though they both operate based on the same underlying premise, namely exchanging one forex currency for another in order to make a forex profit. However, there are some basic differences. The Forex market is best known for its three key features:

1. High volume of forex trading
2. Extreme liquidity
3. Being available 24 hr a day (except weekends)

Unfortunately, not every forex investor sand-colored forex trader is successful in their first turn to at currency exchange forex trading, powerful in our time are five forex tips that could possibly tend she be a purblind more successful at compared with others.

Forex Tip #1 - Familiarize yourself with the Forex market.

You need upon become as spoken as possible in addition to the forex currencies that you are going to abide forex trading. Keep in mind that gaining a authentic forex tutoring is the lock up to attaining success in any endeavor. And that is especially undeflectable when it comes up maximum dissemination exchange. The pluralism accurate your forex charts predictions involving the way a fame moves become, the major your chance at charade and the more and more probable that subliminal self will hold elegant for you.

Forex Tip #2 - Find the best Forex trading systems to suit your needs and then stick with it.
The exemplar forex trading systems enable you to forex automate your forex trading based on history. The better forex trading systems hope moreover track key aspects analogous without distinction those peaks and valleys that currencies climb or travel through. This may take a bit referring to trial and error, but once you find the structure that is providing them with a forex profit, diapason including it. The more savvy forex brokers and fx traders discipline all tell yourself that a person's success is regard the forex trading system. Remember, if it ain't broke, don't strive for on fix it.

Forex Tip # 3 - Repetition is not a bad thing -- practice does make perfect.
Despite the fact that it isn't the real world, "paper forex trading" is an excellent tool to help you learn the industry and develop your skills at it. Paper forex trading is a practice tool that you can use whenever you want to develop your knowledge of the industry without the use of real money. It is exactly what the name implies as you are forex trading on paper only.

Forex Tip #4 - Always pay attention to the margin.
Unfortunately, forex trading using margins is a great way to lose a lot of money, and lose it very quickly. Until you are skilled fairly proficiently and really know what you are doing, you should avoid forex margin trading like the plague. Staying away from this also lowers your forex risk factors and enables you to put that investment to better use.

Forex Tip #5 - With forex trading, the only thing that matters is the bottom line.
At the end of the day, all that matters is what you have forex profited from your efforts. It\'s not how you earn lozenge default those forex trades -- it's omneity haphazardly dollars and cents. Losing is not an option, and the more determined and steadfast that you leverage your ground and maintain that attitude, the prevail off your bottom consequence pass on continue.

If you NEED More - Visit

Forex Autopilot Forex Trading Systems - Forex Automated Trading EA $100,000+ Per Year - working from my kitchen table. Profitable and Awesome forex autopilot trading system. Forex Automated trading expert advisors. Easy setup forex autopilot system. Now with Great Discount - Amazing Forex Automated
earning!..

The Forex Buy and Sell Trading Signals :: Lifetime Metatrader Signals :: Only $1.00 Awesome and Very profitable lifetime forex trading buy and sell signals indicator. tested on all forex Brokers. Very stable. Low Price - only $1.00 You receive over 10.00 USD during 1 hrs after installed forex scalping indicator...

Forex Trading Buy and Sell Signals :: Forex Trading Systems How to make forex profit every day. Best forex signals. Easy for setup. Hidden forex trading methods..

Best FOREX OPPORTUNITY - forex trading minimum 1 usd - How to Make $500 per Day FOREX OPPORTUNITY - forex trading minimum 1 usd. Best for forex investment. forex managed account opportunities, forex made easy, 6 ways to trade the dollar...

Dollar [USD] Price Averaging Vs Value Averagin

2009-01-07T19:49:00.000-08:00

Both dollar cost averaging (DCA) and value averaging are two popular investing strategies to profit from long-term performance of forex or similar financial instruments. Both are good ways of systematically building an investment portfolio by adding capital to existing portfolio monthly (or try-monthly or annually).
Dollar(USD) cost averaging, also known as Pound Cost Averaging and Constant Dollar Plan, is a simple systematic investment method, in which the investor continuously buys stocks, or mutual fund units or other instruments, of a fixed amount. Thus the portfolio investment is increased with a certain amount every month and the trader profits, buy selling off the instruments he holding at a desired time.
The basic idea of Dollar cost averaging is to profit from long-term performances of forex and markets (around 11% per year for US markets) irrespective of short-term market ups and downs. DCA investors easily overcome market up and downs.

Notwithstanding markets are down, investors can buy more number of forex/units for a decided suggest and when markets are upgrade they can good buy infra dig whole number of forex/unit for the same amount.Value averaging is a more evolved forex investing strategy with an added value factor. Forex Investors following caliber middle-class buy stocks each common year in order to reach a targeted noncallable securities value. For example if the target portfolio growth rate is $500 per month and the investor buys stocks of value $500 for the first month. In the second month if the original value has increased from $500 to $600, he invests less ($400) for current month to achieve the portfolio value target of $1000 for the second month.

Likely if the portfolio value has dropped from $1000 to $900 in third month, he invests more ($600) to achieve the portfolio value of $1,500 for third month. Advantages of Dollar cost averaging are (1) it is independent of market timings other than the selling time, (2) steady growth of portfolio, (3) minimum need of trading/investing experience and education, and (4) best for persons with steady monthly income. Howbeit this contrivance does not ensure good profits. Advantages of value averaging are (1) generally better profits than DCA, (2) active management of portfolio investments, and (3) best for persons with investing experiences, (4) good when investors want to take short-term profits. But the strategy may become in opposition as far as follow in long-term..
For example the above mentioned portfolio value target after 2 years will be $12,000. But because of a bullish trend it can decrease to $8,000; then one must need to invest $4500 ($12,000 – $8000 + $500 of monthly target) for the next month. Over there may abide months in which i refuse investments are needed.

More Investments instruments

Look at Forex Trading Indicator - MACD Dots - Forex Signals

A Forex Fejőstehén Stratégia

2008-12-21T14:41:00.000-08:00

A Forex Fejőstehén stratégia egy rendkívül hatékony kereskedési módszer, ami biztos megélhetést tud nyújtani a devizakereskedőnek! Több oka is van annak, hogy miért kedvelem annyira ezt a stratégiát. Először is nagyon megbízható! Valószínűleg a legmegbízhatóbb kereskedési módszer azok közül, amelyeket jelenleg használok. Másodszor: az alkalmazásához szükséges piaci szituáció nem történik meg minden nap. Átlagosan havonta 3-szor, 4-szer nyílik lehetőség a stratégia alkalmazására. Ezért ez a kereskedési módszer kevesebb stresszel jár, és több szabadidőt biztosít a kereskedő számára más tevékenységekhez. Harmadszor: már az előző napon tudom, hogy másnap lesz-e potenciális lehetőségem a stratégiával való kereskedésre, vagy sem. Negyedszer: ez a kereskedési módszer a türelmes kereskedő számára jelentős profitot képes biztosítani.

A stratégia mögött álló logika egyszerű: amikor a piacon egy bizonyos irányú árfolyamrobbanás történik, mindaddig folytatódik az árfolyammozgás ugyanabba az irányba, amíg az „üzemanyag el nem fogy” és a trend kifullad. A Forex Fejőstehén stratégia célja, hogy elcsípje az árfolyammozgást attól a pillanattól kezdve, amikor a piac jelzi az árrobbanást, addig a pillanatig, amíg a trend üzemanyaga elfogy. Az elgondolás egyszerű! Ahelyett, hogy azon spekulálnánk, vajon történni fog-e, és ha igen mikor és melyik irányba jelentős árfolyam elmozdulás, egyszerűen kivárjuk, míg a piac azt mondja nekünk: „Erős és gyors mozgásba lendültem! Gyere, csatlakozz!”

A Forex Fejőstehén stratégia azért működik nagyon jól a devizapiacon, mert ez a piac jellemzően éles és hosszan tartó árfolyamkilengéseket produkál. Megfigyeltem, hogy a devizák a hónap során hajlamosak az erőteljes kétnapos trendekre. Ezeket az erős két napig tartó trendeket használja ki ez a stratégia.

Amikor elkezdtem devizákkal kereskedni egy dolog nagyon zavart engem: azok a „hamis mozgások” amiket az előtt produkálnak az árfolyamok, mielőtt a piac ténylegesen eldöntené, hogy melyik irányba induljon el. Ez a jelenség nagyon gyakori a volatilis piacokon és könnyen csődbe viheti a kereskedőt, ha nem tudja, hogyan kell azt kezelni. Senki ne értsen félre, a volatilitás nagyon jó a kereskedőnek. Éles árfolyammozgások nélkül nem tudnánk elérni jelentős nyereségeket ilyen rövid idő alatt. Azonban tudni kell, hogyan bánjunk a nagyfokú volatilitással.

Minél nagyobb árfolyammozgást produkál egy devizapár, annál nagyobb eséllyel tudjuk sikeresen alkalmazni ezt a stratégiát. Ezért választottam ki a GBP/USD devizapárt ennek a stratégiának az alkalmazására, mivel a főbb devizapárok közül ennek van a legnagyobb rövid-távú árfolyammozgása.

Sok piaci elemző és kereskedési rendszertervező állítja, hogy egy kereskedési stratégia akkor jó, ha minden piacon működik. Én erősen hiszek ennek az ellenkezőjében. Az én szememben minden piacnak, sőt a devizapiacon belül minden devizapárnak is különböző, egyedi karaktere van. Azért alkalmaztam ezt a stratégiát a GBP/USD devizapárra, mert úgy gondolom, hogy ennek a devizapárnak a viselkedése a legalkalmasabb a Forex Fejőstehén stratégiával (vagy bármely más trendkövető stratégiával) való kereskedésre.

Amikor ennek a stratégiának a kifejlesztésén dolgoztam, azzal a problémával találkoztam, hogyan azonosítsam megbízhatóan egy trend elindulását anélkül, hogy lekésnék egy alacsony kockázatú és magas profitkilátású üzletről. Azt találtam, hogy két probléma merül fel, amikor megpróbálunk egy trendet azonosítani és abba beszállni. Először is a piac könnyen becsaphat minket azzal, hogy elhiteti velünk, hogy elkezdődött egy trend. Azonban rövid időn belül azt vesszük észre, hogy a korábban felismerni vélt trend csak egy hamis árfolyammozgás volt. Másodszor, amikor észrevesszük a valódi trendet, gyakran már túl késő piacra lépni, mivel a trend már véget is ért, vagy nem ért ugyan véget, de egy ellentétes irányú átmeneti árfolyam korrekció könnyen elérheti a stop loss megbízásunk árfolyamszintjét, hogy veszteséggel lökjön ki minket a piacról. Ezeket a problémákat a Forex Fejőstehén stratégia az esetek többségében képes sikeresen kezelni.

Az első követelmény, aminek a stratégia alkalmazásához teljesülnie kell, egy napon belüli árfolyamrobbanás. Azt kell látnunk, hogy a piac egy viszonylag rövid időn belül jelentősen erősödni, vagy gyengülni kezd. A „rövid idő” a mi szempontunkból egy kereskedési napot jelent, amit az egy napos oszlop grafikonon mérünk. Úgy találtam, hogy ha a GBP/USD devizapár egy kereskedési napon belül 140 pontos, vagy annál nagyobb árfolyam elmozdulást produkál azonos irányba a napi csúcspont, vagy mélypont értékétől számítva, ez árfolyamrobbanást jelez és a trend valószínűleg folytatódni fog a következő egy, vagy két kereskedési napon is. A 140 pont nagyon fontos érték. Az ettől kisebb mértékű elmozdulás valószínűleg csak egy szokásos napon belüli kilengés, ami nem ad megbízható jelzést arról, hogy egy valódi trend van-e kialakulóban. A GBP/USD devizapár árfolyamának 140 pontos, vagy azt meghaladó napon belüli elmozdulása nem fordul elő minden nap. Általában egy átlagos hónapban csak 6-7-szer történik meg, ezért ezek különleges piaci események. Egy általánosan érvényes kereskedési szabály szerint minél kevésbé gyakori egy üzleti lehetőség előfordulása, annál nagyobb nyereséget eredményezhet.

Amikor a fent leírt módon észrevettünk egy árfolyamrobbanást, a második lépésként a következő kereskedési napon azt akarjuk látni, hogy a piac az aznapi mélyponttól vagy csúcsponttól számítva 70 pontos árfolyam elmozdulást produkál az előző napi árfolyamrobbanással azonos irányban. Ekkor lépünk piacra a 70 pontos elmozdulással megegyező irányban. (Később – amikor a 30 pontos szabályról lesz szó – látni fogjuk, hogy a piacra lépéshez szükséges elmozdulás nem minden esetben lesz pontosan 70 pont.) Ne aggódjunk, ahogy hamarosan meg fogjuk tanulni, mindent nagyon könnyen ki tudunk majd számolni.

A piacra lépéssel egy időben egy 60 pontos stop loss megbízást is adunk. A kilépés vagy 100 pontos nyereség elérésének árfolyamértékénél történik, vagy a következő kereskedési napon 17:30 (GMT+1) órakor. A kettő közül az érvényes, amelyik előbb teljesül.

Most nézzünk meg néhány példát. A grafikonok időpont adatai a New Yorki időzóna szerint láthatók (GMT - 5).
példa

Első lépésként figyeljük meg az egy napos oszlop diagramot, hogy észrevegyük a 140 pont árfolyam elmozdulást produkáló napot. Minden kereskedő szoftver vagy platform hozzáférést biztosít a napi csúcspontok és mélypontok árfolyamértékeihez, amelyeket az egy napos oszlop diagram is tartalmaz. A következő grafikonon megfigyelhetjük, hogy 2006. március 6-án a Forex Fejőstehén stratégia első követelménye, a 140 pontos árfolyam elmozdulás hogyan teljesült.

Vessünk egy közelebbi pillantást a 2006. március 6-i kereskedési napra az ötperces grafikonon:

Nem szükséges megnéznünk az ötperces grafikont, mert az egy napos grafikon minden szükséges információt tartalmaz. Azonban szeretném, ha látnánk a stratégia első követelményének teljesülését egy rövidebb időhorizontú grafikonon is.
A következő követelmény, amelynek teljesülnie kell a következő napon: 70 pontos elmozdulás az előző napi árfolyamrobbanással megegyező irányban. Ezért nézzük meg a 2006. március 7-i kereskedési napot az egy napos oszlop diagramon:

Figyeljünk arra, hogy ebben az esetben lefelé irányuló árfolyam elmozdulást keressünk, mivel az előző napi árfolyamrobbanás ebben az irányban történt. Amint látjuk a piac először egy csúcspontot produkált 1.7512-n, majd ezt követően elindult lefelé. A belépési pontunkat 1.7442-nél érte el (70 pontos elmozdulás a trend irányába a napi csúcsponttól mérve). Ekkor short (eladási) pozícióval lépünk a piacra és azonnal adunk egy stop loss megbízást is 60 pontra a belépési árfolyamtól 1.7502-es értékre és egy profitcél megbízást 1.7342-es árfolyamra (100 pont).

A piac még aznap elérte a profitcélunk árfolyamát így ezen az üzleten 100 pontot kerestünk.
Figyeljük meg, hogyan jelenik meg mindez az ötperces oszlop grafikonon:

példa

A következő példát azért választottam, mert jól illusztrálja, hogy időnként milyen trükkösen viselkedik a piac.

2006. április 3-án a piac körülbelül 120 pontos meredek árfolyamesést produkált. Ezután – ahogy ez gyakran előfordul a napi zárás előtt – az árfolyam megfordult és 155 pontot emelkedett. (Figyeljük meg a kis vízszintes vonalat az árfolyamoszlop jobb oldalán.) Az árfolyamoszlop látszólag elég trükkös, mivel első ránézésre úgy tűnhet, mintha egész nap esett volna az árfolyam, azonban a piac helyes irányát az aznapi nyitó és záró árfolyamszintek egymáshoz viszonyított elhelyezkedése mutatja meg. (Újra csak a kis vízszintes vonalak az árfolyamoszlop bal és jobb oldalán.) Ha megfigyeljük a napi nyitó és záró árfolyamot láthatjuk, hogy bár látszólag egy eső trendet jelző oszloppal van dolgunk, valójában épp az ellenkezője az igaz: az árfolyamoszlop egy emelkedő trend kezdetét jelzi.
Így tehát a stratégiánk első követelménye teljesült amikor az árfolyam 140 pontot elérő árfolyammozgást produkált emelkedő irányban a napi mélyponttól számítva. Most azt fogjuk megfigyelni, hogy vajon folytatódik-e a trend a következő kereskedési napon? Tehát nézzük meg 2006. április 4-ét!

Ahogy ezen a grafikonon az egy napos árfolyamoszlopon látható, a piacon folytatódott az előző napi emelkedő trend. Miután az árfolyam 1.7369-en elérte a napi mélypontot elindult felfelé és 70 pontos emelkedéssel elérte az 1.7439-es szintet, amely a stratégiánknak megfelelő vételi belépési árfolyam. A belépéssel egy időben stop loss megbízást is adunk – arra az esetre, ha a piac ellenünk fordulna – a belépési árfolyamtól 60 pontnyi távolságra az 1.7379-es árfolyamon. Ezzel együtt egy eladási megbízást is adunk a kitűzött 100 pontos profit célárfolyamon, ami 1.7539. Amint látható az árfolyam rövid időn belül elérte a kilépési célárfolyamot és ezzel 100 pontos nyereséget termelt számunkra.

A 30 pontos szabály

Az utolsó követelmény, amelynek szükséges teljesülnie a biztonságos piacra lépéshez a „30 pontos szabály”. Ezt a szabályt azért hoztam létre, hogy kiszűrjem a „hamis” 70 pontos árfolyammozgásokat. Hadd magyarázzam el a szabály lényegét!

Amint azt korábban bemutattuk, a piacra történő belépési lehetőséget az jelzi számunkra, amikor az árfolyam 70 ponttal elmozdul az előző napi árrobbanással megegyező irányba. A 30 pontos szabály azt jelenti, hogy amikor a piac 70 ponttal elmozdul az árrobbanás irányába, ez csak abban az esetben tekinthető valódi belépési jelzésnek, ha az árfolyam ugyanakkor legalább 30 pontos távolságra van az előző napi csúcspont felett (emelkedő trendnél), vagy az előző napi mélypont alatt (csökkenő trendnél). Nézzünk erre két példát:

példa

A következő egy napos oszlop grafikonon megfigyelhetjük, hogy 2006. április 7-én pénteken a Forex Fejőstehén stratégia első követelménye, a 140 pontos napon belüli árfolyam elmozdulás teljesült.

A következő kereskedési nap 2006. április 10-e, hétfő. Nézzük meg az árfolyam alakulását a következő 5 perces grafikonon:

A piac 1.7475-ös árfolyamon napi csúcsot ért el, majd hirtelen elindult lefelé, az előző napi árfolyamrobbanás irányába és 70 pontos elmozdulással 1.7405-re esett. A 30 pontos szabály nélkül 1.7405-ös árfolyamon beléptünk volna a piacra és short (eladási) pozíciót nyitottunk volna, 60 pontos stop loss-szal, ami 1.7465-ös árfolyamon lépett volna működésbe. Az 5 perces grafikonon látszik, hogy a piac aznap nem érte el a stop loss árfolyamot, de az egy napos grafikonon megfigyelhető, hogy a következő kereskedési napon, 2006. április 11-én már igen.

Azonban a 30 pontos szabály miatt nem léptünk piacra. A 30 pontos szabály ugyanis megköveteli, hogy a belépési árfolyamnak 30 ponttal az előző napi mélypont alatt kell lennie. Az előző napi mélypont a példánkban 1.7394 volt. A következő napon azonban az árfolyam nem ment 1.7376 alá, ami csak 18 ponttal volt alacsonyabb az előző napi mélypontnál. Ahhoz, hogy „valódi” eladási jelzést kapjunk az árfolyamnak 1.7364-ig kellett volna esnie, mert ez az árfolyamszint van 30 ponttal az előző napi mélypont alatt.

FONTOS: A 30 pontos szabály alkalmazása a gyakorlatban azt eredményezi, hogy néhány esetben 70 pontnál nagyobb árfolyam elmozdulás szükséges a második napon ahhoz, hogy a piacra lépjünk. Habár időben visszatekintve úgy látszik, hogy az esetek többségében az üzletek normálisan zajlanak, azaz a második nap 70 pontos elmozdulása már magában foglalja az előző napi mélyponttól, vagy csúcsponttól való 30 pontos távolságot is, ahogyan azt az első és második példánk esetében is megfigyelhetjük. Nézzünk egy másik példát is a 30 pontos szabály alkalmazására:

példa

2006. április 24-én a GBP/USD devizapár 140 pontos árfolyammozgást produkált felfelé és ezzel teljesítette a Forex Fejőtehén Stratégia első követelményét.

Ezt követően azt szeretnénk látni, hogy 2006. április 25-én az árfolyam 70 pontot emelkedik. Az emelkedésnek át kell törnie az előző napi árfolyamcsúcsot (1.7934) és legalább 30 ponttal meg kell azt haladnia. Mindaddig nem lépünk piacra, amíg az árfolyam emelkedés 30 ponttal nem haladja meg a 24 órán belül mért maximum értéket. Így előfordulhat, hogy a piacra lépéshez 70 pontnál nagyobb mértékű árfolyam emelkedésre lesz szükség.

Nézzük meg az április 25-i árfolyammozgást az 5 perces oszlop grafikonon:

A piac 1.7826-on érte el a mélypontot, majd hirtelen megfordult és rövid időn belül 70 pontos emelkedéssel elérte az 1.7896-os szintet. Azonban ez nem jelentett valódi vételi jelzést, mivel az előző napi árfolyamcsúcs 1.7934 volt, így valódi vételi jelzést akkor kaptunk volna, ha az árfolyam elérte volna az 1.7964-es szintet. De ez nem történt meg, mivel a napi árfolyamcsúcs csak 1.7945 volt. Ebből a példából is látszik, hogy a 70 pontos elmozdulás a második napon önmagában nem elég a piacra lépéshez. Szükségünk van arra is, hogy az árfolyam ezzel együtt 30 ponttal meghaladja az előző napi árfolyamcsúcs értékét is.

Fontos, hogy újra kihangsúlyozzuk a lényeget: a 70 pontos elmozdulás követelményének és a 30 pontos szabálynak együttes alkalmazása néha azt eredményezi, hogy 70 pontnál nagyobb árfolyam elmozdulás szükséges a piacra lépéshez, azonban a szükséges árfolyammozgás soha nem haladhatja meg a 100 pontot.

Vegyük észre, hogy a harmadik és negyedik példában bemutatott esetekben az ügyleteink veszteségesek lettek volna a 30 pontos szabály alkalmazása nélkül. Vegyük azt is észre, hogy az első és második példában egyszerre teljesült a 70 pontos elmozdulás és a 30 pontos szabály, ezért mindkét üzlet nyereséges lett.

A 30 pontos szabály jól kiszűri a hamis vételi, vagy eladási jelzéseket, de nem 100%-osan tévedhetetlen, mint ahogy más szűrők sem azok. Azonban ha hosszú távon használjuk, bizonyítottan hatékonyan működik.

Nézzünk egy további példát a Forex Fejőstehén stratégiára:

példa

Ez egy nagyon világos példa a módszer sikeres alkalmazására. Ahogy látjuk 2006. április 27-én a piac mélypontja 1.7820-on volt, majd egy árfolyamrobbanás következett, ami teljesítette a 140 pontos elvárásunkat. Ezt követően folytatódott az árfolyam emelkedés egészen az 1.8048-as napi csúcspontig. A következő nap arra vártunk, hogy:

1. a piac 70 pontos elmozdulást produkáljon az árfolyamrobbanás irányába,
2. legalább 30 ponttal az április 27-i csúcspont fölött beszállhassunk az üzletbe.

2006. április 28-án mindkét követelmény teljesült. A piac 1.8001-en ért a napi mélypontra, majd kilendült felfelé és 1.8078-on elérte a belépési célárfolyamunkat (70 pont + 7 pont, hogy a 30 pontos szabály is teljesüljön) ahol long (vételi) pozíciót nyitottunk. Mint mindig, most is elhelyeztünk egy stop loss megbízást 60 ponttal a belépési árfolyamunk alatt 1.8018-on. A profit célunk 1.8178-as árfolyamon hamarosan teljesült, így ez az üzlet 100 pontos nyereséget termelt számunkra.

GYAKORLÁS

Most egy kis gyakorlás következik, így leellenőrizheti hogy mennyire sikerült elsajátítania a Forex Fejőstehén stratégiát. Mutatni fogunk néhány grafikont, minden magyarázat nélkül. Tanulmányozza a grafikonokat, majd írja le az elemzését és azt, hogy az adott piaci szituációban hogyan hajtaná végre a Forex Fejőstehén üzletet. Minden gyakorlat után ismertetjük a helyes megoldást, amit összehasonlíthat saját elemzésével.

feladat

2006. június 22. csúcspont / mélypont: 1.8474 / 1.8262
2006. június 23. csúcspont / mélypont: 1.8315 / 1.8127

feladat elemzése

Most vesse össze saját elemzését a helyes megoldással:

2006. június 22.
Csúcspont / mélypont: 1.8474 / 1.8262.
A trend csökkenő.
140 pontos árfolyammozgás lefelé:
1.8474 – 0.0140 = 1.8334.
A stratégia első követelménye teljesült.

2006. június 23.
Napi árfolyam csúcspont: 1.8315.
A potenciális belépési pont a 70 pontos árfolyamesés után:
1.8315 – 0.0070 = 1.8245.
Mivel ez az érték csak 17 ponttal van az előző napi mélypont alatt, még nem lépünk piacra.
A helyes belépési árfolyam az előző napi mélypont mínusz 30 pont, azaz: 1.8262 – 0.0030 = 1.8232. Ezen az árfolyamszinten teljesül a 70 pontos árfolyam elmozdulás követelménye mellett az előző napi mélyponttól való 30 pontos távolság is, ezért itt nyitunk short (eladási) pozíciót.
A stop loss árfolyam: 1.8232 + 0.0060 = 1.8292.
A 100 pontos profit célárfolyama: 1.8232 – 0.0100 = 1.8132.
A piac még aznap tovább esett és elérte ezt az árfolyamot, ahol vétellel zártuk le a pozíciónkat. Mindez így néz ki az 1 napos árfolyam grafikonon:

feladat

2006 június 29. csúcspont / mélypont: 1.8301 / 1.8090
2006 június 30. csúcspont / mélypont: 1.8502 / 1.8262

feladat elemzése

2006. június 29.
Napi csúcspont / mélypont: 1.8301 / 1.8090
A trend emelkedő.
140 pontos árfolyam elmozdulás emelkedő irányba:
1.8090 + 0.0140 = 1.8230.
A stratégia első követelménye teljesült.

2006. június 30.
Napi mélypont: 1.8262.
A potenciális belépési pont 70 pontos árfolyam emelkedés után:
1.8262 + 0.0070 = 1.8332.
Mivel ez az érték 31 ponttal meghaladja az előző napi csúcspontot a 70 pontos árfolyam emelkedés és a 30 pontos szabály egyszerre teljesült. Ezért 1.8332-n long (vételi) pozíció nyitásával piacra lépünk.
A stop loss megbízás árfolyamszintje: 1.8332 – 0.0060 = 1.8272.
A 100 pontos profit célárfolyama: 1.8332 + 0.0100 = 1.8432.
A piac tovább emelkedett és még aznap elérte ezt az árfolyamszintet, ahol eladással zárjuk a pozíciót. Mindez így néz ki az egy napos grafikonon:

Haladó kereskedés a Forex Fejőstehén stratégiával

Mostanra megtanultuk, hogyan kereskedjünk mechanikusan a Forex Fejőstehén stratégiával. Ha A+B megvalósul akkor tedd C-t, vagy D-t. Ez a mechanikus kereskedési módszer nagyon könnyen kivitelezhető, ráadásul csekély időráfordítást igényel. Ha ön kezdő a deviza kereskedésben akkor erősen ajánlom, hogy a mechanikus módszert használja mindaddig, amíg elegendő tapasztalatra tesz szert!
A későbbiekben, vagy abban az esetben, ha ön már tapasztalt forex kereskedő érdemes megfontolnia, hogy a stratégiát ne 100%-osan mechanikusan, hanem egyéb piaci tényezőket is mérlegelve alkalmazza. A tananyagban korábban már tanultunk a támasz-, és ellenállási szintekről, illetve arról, hogy miként reagálhat a piac ezekre a szintekre. A támasz-, és ellenállási szintek elemzésének a Forex Fejőstehén stratégiával történő kombinálása rendkívül profitábilis lehet. Az elemzésnek ez a módszere kettős célt szolgál. Egyrészt jelzi a kereskedőnek, hogy mikor ne lépjen be egy üzletbe. Másrészt jelzi, hogy a lehetséges nagyobb profit érdekében mikor ne lépjen ki a szokásos 100 pontos profitcél elérésekor a piacról. Nézzük meg mindkét variációt!

Mikor ne lépjünk piacra?

Már tisztában vagyunk azzal, hogy az árfolyamok általában visszapattannak a támasz és az ellenállási szintekről. Minél nagyobb időhorizontot vizsgálunk, a potenciális visszapattanás mértéke annál nagyobb lehet. Az első szituáció, amit megvizsgálunk az, amikor a piac egy felismert jelentősebb támasz, vagy ellenállási szint közelében van, amikor a belépési jelzés megérkezik.

2005. július 8-án egy éles piaci trendforduló mintázata látszik az egy napos grafikonon, amely az 1.7310-es árfolyamszintet egy potenciálisan erős támaszként jelölte ki. Korábban már tanultuk, hogy a piaci fordulópontok megbízható támasz, vagy ellenállási szintekké válhatnak.

2005. július 19-én a Forex Fejőstehén stratégia első követelménye, a 140 pontos árfolyam elmozdulás teljesült, amikor az árfolyam 1.7341-ig esett. 2005. július 20-án megkaptuk a belépési jelzésünket is, amikor a piac 70 pontos eséssel elérte az 1.7311-es árfolyamot, amivel a 30 pontos szabály is teljesült. Ha mechanikusan alkalmaztuk volna a Forex Fejőstehén stratégiát, akkor ezen az árfolyamon eladással léptünk volna piacra. Ezen az üzleten sajnos hamarosan veszítettünk volna, mert a piac megfordult és 60 pontnál nagyobb mértékben, a stop loss árfolyam szintünk fölé emelkedett. Azonban ebben az estben nagyon kifizetődőnek bizonyulna a támasz / ellenállási szint elemzését összekapcsolni a stratégiánkkal, mert ez megkímélne minket a 60 pontos veszteségtől. Az egy napos grafikonból ugyanis könnyen felismerhetjük a napokkal korábban a belépési jelzésünk árfolyamszintje közvetlen közelében kialakult fő támasz szintet.

Persze a támasz szint érintése nem jelenti feltétlenül azt, hogy a piacon ezen a szinten újra trendforduló következik. De amit biztosan jelent az, hogy mivel a piac egy fontos támasz szint ellen intéz támadást, valószínűleg 60 pontnál nagyobb mértékű átmeneti visszapattanással fog erre a szintre reagálni, ami működésbe fogja hozni a stop loss megbízásunkat. Ezért alapvetően fontos felismernünk, hogy a 2005. július 8-án kialakult támasz szint jelentősen csökkenti annak a valószínűségét, hogy ez az üzlet nyereséges lesz.

Mikor növelhetjük meg az elvárt profitunkat?

Most nézzünk egy példát arra, hogyan növelhetjük meg a profit elvárásunkat a jelentős támasz és ellenállási szintek segítségével. Azt már tudjuk, hogy minél jelentősebb ellenállási, vagy támasz szinttel van dolgunk, annál nagyobb eséllyel számíthatunk az árfolyamok erőteljes visszapattanására, amikor a piac érinti ezeket a szinteket. Ezért amikor a profitunk növelése érdekében használjuk a támasz és ellenállási szintek elemzését, akkor az egy napos oszlop grafikont kell figyelnünk. Ugyanis ezen az időhorizonton azonosíthatjuk azokat a főbb ellenállási és támasz szinteket, amelyek a legnagyobb valószínűséggel eredményeznek erős trendfordulókat, vagy árfolyam visszapattanásokat. Nézzük meg, hogyan alakul ki egy ilyen piaci szituáció.

Elemzésünk első lépése, hogy azonosítsuk a lehetséges támasz és ellenállási szinteket az egy napos grafikonon. Már tanultuk, hogy a Fibonacci szintek gyakran működnek megbízható támasz, illetve ellenállási szintekként. Nézzük meg a következő grafikont:

2005. július 20-tól augusztus 12-ig a GBP/USD devizapár árfolyama emelkedő trendben 1.7272-ről 1.8180-ig erősödött. Itt megtört az emelkedő trend és elkezdődött a korrekció. Ahogy az a tananyagban korábban tanultuk, a Fibonacci szintek használatával 3 olyan árfolyamszintre tudunk spekulálni, ahol az árfolyam valószínűleg támaszt talál magának. 2005. augusztus 30-án, amikor az árfolyam a 38,2%-os Fibonacci szinthez ért megállt az esés. Remélhetőleg ezen a szinten jó támaszt talált a piac. Egy nappal később, augusztus 31-én egy árfolyamrobbanás történt emelkedő irányban, ami azt a feltételezést erősítette, hogy a 38,2%-os támasz kitart és az emelkedő trend ismét folytatódik. Ráadásul a Forex Fejőstehén stratégia első követelménye, a 140 pontos árfolyam elmozdulás aznap szintén teljesült. A következő napon, szeptember 1-én egy vételi jelzést kaptunk, amikor a piac 1.8090-ig erősödött. Ezen a ponton a következőket tudjuk:

1. A GBP/USD devizapár fő trendje emelkedő (2005. július 20. – augusztus 12.)
2. Több, mint valószínű, hogy a 38,2%-os Fibonacci szint jó támaszként működik.
3. Az emelkedő trend folytatódik, amit a 2005. augusztus 31-i masszív, 240 pontos trend irányú árfolyam elmozdulás bizonyít.

Az elemzés helytálló volt és a trend folytatódásának eredményeképpen az árfolyam két nap elteltével 1.8500-ig emelkedett, ami 410 pontos potenciális profitot jelentett. (1.8500 – 1.8090 = 410 pont!) Sajnos az élő kereskedés során a dolog nem ilyen egyszerű! Visszatekintve könnyű azt mondani, hogy 410 pontos nyereséget érhettünk volna el, hiszen már ott látjuk az árfolyam mozgását a grafikonon. De hogyan tudhatjuk előre, hogy a piac el fogja érni az 1.8500-as árfolyamot? A válasz egyszerű: sehogy! Az én megközelítésem a dologhoz egyszerű. Úgy kalkulálok, hogy ha a Forex Fejőstehén stratégia standard hozam elvárása 100 pont, akkor az 1.-2.-3. pontban tárgyalt körülmények között megduplázhatom a hozamelvárásomat és 200 pontos profitra tartok igényt.

Véleményem szerint ez egy konzervatív hozam célkitűzés, egyszerűen azért, mert egy jó támasz szinttel van dolgunk, amit az egy napos grafikonon azonosítottunk és korábban már tanultuk, hogy minél nagyobb az időhorizont amit vizsgálunk, annál nagyobb mértékű az árfolyamok visszapattanása a támasz-, és ellenállási szintekről.

Az előbbiekben két példát láttunk arra, hogyan kereskedhetünk a Forex Fejőstehén stratégiával nem kizárólag mechanikusan, hanem a támasz-, és ellenállási szintek elemzésével összekapcsolva. Amikor a tananyagunkban a technikai elemzéssel foglalkoztunk, más példákat is láttunk arra, hogyan találhatjuk meg a támasz-, és ellenállási szinteket, amelyeket a kereskedésünk során ugyanazzal a logikával használhatunk, amit az előbbi példákban bemutattunk.

Azonban szükséges rámutatnom, hogy visszatekintve mindig könnyebb elemezni a piaci eseményeket, ahogy azt mi is tettük. Mindez valós időben már sokkal nehezebb. Pontosan ezért azt tanácsolom, hogy ha ön nem egy tapasztalt kereskedő, akkor inkább a hagyományos módszerrel, 100%-ban mechanikusan használja a stratégiát!

Speciális megjegyzés a grafikonokkal kapcsolatban

Szeretném nyomatékosan kihangsúlyozni, hogy a legjobb módszer a Forex Fejőstehén stratégia alkalmazására, ha az egy napos oszlop grafikon árfolyamoszlopait használjuk. Ezek az oszlopok talpukkal és tetejükkel pontosan jelzik a napi minimum és maximum árfolyamszinteket. Ahogyan már tanultuk, az árfolyamoszlopok bal, illetve jobb oldalán lévő vízszintes vonalak pedig pontosan jelzik a napi nyitó és záró árfolyamokat is. A Forex Fejőstehén elemzéshez ingyenesen használhatja a dailyfx.com ingyenes grafikonjait: http://www.dailyfx.com/charts/Chart.html

FONTOS: Szeretnék tisztázni egy dolgot a piacra lépés napjának (a legalább 140 pontos árfolyamrobbanás napját követő nap) árfolyamcsúcspontjával, illetve mélypontjával kapcsolatban. Egy gyakran felmerülő kérdés a következő: Hogyan tudom, mi a napi csúcspont, vagy mélypont mielőtt még a nap véget érne? Nos, lényegében a napi csúcspont vagy mélypont nem igazán fontos. Csak illusztrációként használtam őket. Hadd magyarázzam el!

Ami igazán fontos, és az egyetlen dolog, amire a kereskedőnek koncentrálnia kell az a 70 pontos árfolyam elmozdulás, aminek az előző napi legalább 140 pontos árfolyamrobbanással azonos irányban kell megtörténnie. Így például ha vételi pozíció nyitására készülünk, akkor arra várunk, hogy a piac elérje az előző, 140+ pontos nap árfolyamcsúcsát. Amikor ez megtörténik megmérjük az árfolyamnak az ADOTT IDŐPONTBAN ÉRVÉNYES NAPI MÉLYPONTTÓL való távolságát. Az így kapott számhoz hozzáadunk 30-at (30 pontos szabály). Ha az eredmény 70, vagy annál nagyobb, akkor megvan a belépési árfolyamunk, mivel megtudtuk, hogy további 30 pontos árfolyam emelkedés esetén az aktuális mélyponttól számolva megvalósul a piacra lépéshez szükséges 70 pontos elmozdulás követelménye is. Ha a kapott érték 70-nél kisebb, akkor hozzáadunk annyi pontot, hogy az eredmény 70 legyen, és ez lesz a belépési árfolyamunk, mivel itt teljesül egyszerre a 30 pontos szabály és az éppen érvényes mélyponttól mért 70 pontos árfolyam elmozdulás követelménye.

Most tételezzük fel, hogy a belépési árfolyamszint elérése előtt a piac megfordul és újabb mélypontot produkál, majd újra megfordul és ismét eléri az előző 140+ pontos nap árfolyamcsúcsát. Ebben az esetben az előbb használt módszert alkalmazva egyszerűen újra kiszámoljuk a belépési pontunk értékét. Azonban tapasztalatból mondom, hogy ha a piac megfordul és új mélypontot produkál, akkor kicsi annak a valószínűsége, hogy az árfolyam visszapattanjon és újra elérje az előző napi csúcspont árfolyamszintjét.

Összefoglalva:
1. Megvárjuk az előző napi csúcspont elérését. (Ehhez igénybe vehetünk olyan szolgáltatást, amely riasztást küld nekünk a megadott árfolyamszint elérése esetén, mint például az alertfx.com.)
2. Kiszámoljuk a belépési árfolyamot.
3. Vételi megbízást adunk a kiszámolt árfolyamon való üzletkötésre, és ugyanakkor eladási megbízást is a 100 ponttal magasabban lévő profitcél árfolyamára, valamint stop loss megbízást a belépési árfolyam mínusz 60 pontos árfolyamra.

Ezzel a munka el van végezve. Az esetek 80%-ában a piac nem fog újabb mélypontot elérni. Ha mégis megtörténne, akkor a nem teljesült megbízásokat visszavonjuk, és amennyiben a piac lehetőséget ad rá, új megbízást adunk az újra számolt belépési árfolyamra.

Ugyanezt a módszert alkalmazzuk csökkenő trend esetén is, amikor eladási pozíció nyitására készülünk, csak ebben az esetben nyilvánvalóan az előző, 140 pontos árfolyamrobbanást produkáló nap mélypontjának az elérésére várunk, majd a belépési árfolyamot az adott időpontban éppen érvényes napi árfolyamcsúcs értékéből kiindulva számoljuk ki. Természetesen ebben az esetben az üzletet a kiszámolt belépési árfolyamra adott eladási megbízással nyitjuk és a 100 ponttal alacsonyabban lévő profitcél árfolyamra adott vételi megbízással zárjuk, a stop loss megbízásunk pedig a belépési árfolyam plusz 60 pontra szól.

Forex Fejőstehén stratégia

Learn about Forex Signals - Pac_Man - Forex Trading System EA

Forex EA - Automated forex trading "Rhythm" Instructions

2008-12-21T14:31:00.000-08:00

Many thanks to Tkimble on the ForexFactory for the simple forex strategy that this
forex EA is designed to manage.

Name: Rhythm Pair: Any forex Pair You like.

This is a simple Stop @ Reverse forex system. It should be able to be used with
Daily and weekly forex trading

Once trade is initiated the stop loss and reversals are equal. Example: the stop is placed at 40 PIPs and the reversal is likewise placed at 40 PIPs. When the stop is activated, the reversal is simultaneously activated. There is no limit on how
many reversals there can be in a day unless Max forex Trades variable is used

EA- Variables:

Overrule Direction: = True/False forex EA makes next day trade decision on the basis of the previous Days trend (i.e.; previous day up, Place "Buy" market order, previous day down, enter "Sell" market order) Example: Yesterdays open/close positive = LongEntry) (Yesterdays open/close negative = ShortEntry) 00:00 >< 0="False" 0="False," direction ="True" long =" True" hour =" 00:00" hour=" 23:00" trades =" 0" once =" false" stop =" false" Automated Forex EA's

Enhanced BASIC Synergy FOREX EXPERT ADVISOR read this

3 Simple moving average Fractal system

2008-12-21T14:30:00.000-08:00

This is a basic system that require a break of a fractal for trend direction entries and exits are based when moving average touches 3 SMA Low for buys and 3 SMA High for shorts.

Rules

Buys

Up Fractal taken out (Broken)

Buy when Price touches 3 SMA Low

Exit when price touches 3 SMA High

Sells

Down Fractal Taken out (Broken)

Sell when Price touches 3 SMA High (Sell Limit at 3 SMA High)

Exit When Price Touches 3 SMA Low (Buy Limit at 3 SMA Low)

Filter

Only take buys Trades when prices are above 200 JMA, Reverse for Shorts (Selectable)

Considerations

1, Ability to select any time frame for system

2, Cross Time Frame Trading (Example select H1 Fractals, Take buys and sells on H30)

3, SMA need to be selectable

4, JMA needs to be selectable

5 Ability to select trade starting times and stop trading time (Start Trading 9:00 GMT Stop Trading 22:00 GMT)

6, Money management ability to select percentage of account to risk (Example only
Risk 3% of account)

7, Ability to trade many pairs at one time, to produce small portfolio.

User inputs

Fractal Time Frame H1
Period SMA 3
Period JMA 200
Percentage_Risk 3%
Stop Loss .1%
Profits take 100 Pips (Ability to turn on or off)

Also Included Day of week Filter.

Dayofweek_Mon True
Dayofweek_Tue True
Dayofweek_Wed True
Dayofweek_Thur True
Dayofweek_Fri True
Dayofweek_Sun False

Read more Profit Forex trading method #2

How to tell Forex Experts from Forex Indicators

2008-12-21T14:20:00.000-08:00

There is no file extension to distinguish between and forex Expert or forex Indicator. If you are not sure what you have, they you have to look at the code in MetaEditor. At the top of the code in MOST Experts there will be code such as Lots, Stop Loss, Take Profit, these would be Experts. Most MT4 forex indicators with say Custom forex Indicator in the code, and MT3 indicators with have things such as Separate Window, First Color, Draw Type and things of that nature. I can not code a single thing, but I can read. Some forex Experts have a wealth of information written inside the code for easy understanding.

When you drag the Expert from the forex Expert Advisors folder in MetaTrader to the forex chart and let if go, that is when a pop up window should show up. On the common tab will be a box that says allow live forex trading, check it. Inputs tab will be to make changes to the code if it's allowed. Then click ok. Forex Indicators taken from the Custom Indicators folder of MetaTrader will have a popup window as well, but no live trading. Just a list of settings, click ok and it should run.

If it's not, I would probably remove the Expert or Indicator from MetaTrader and try it again. I could be they are just in the wrong folders. Open the code to determine what it is, place it in the appropriate folder, compile it in that folder and start MetaTrader. From the Navigator menu, open forex Expert Advisors, drag the forex EA to the forex chart you want to run on and let it go, on the comon tab from the popup, click allow live trading and it should work. If it's an Indicator, it will be in the Navigator Menu under Custom Indicators.

Only if You need More Forex EA's and Other Forex trading Software

Psychology of a FOREX Trader

2008-11-07T15:11:00.000-08:00

Why Should We Speculate?

It is peculiarly subsequent the hearts about those who know puzzles and riddles. There are many ways to crumble to the furry creatures exchange, sometimes yourselves are logical, but her are more often significantly the reverse. And money is for many ragtag and bobtail freedom, in any event not prevalent as to them know what to do by use of the very thing next. Exempli gratia readily as you\'ve familiarized with the stock speculation, myself become a master pertaining to yourself: you chamber live wherever you want, work wherever oneself defalcation and all regarding me is without a boss. . The wholesaling is a chance in contemplation of pluck the beard a sight of the ready at a stroke. The speculation towards stock market seems to be an tranquilly thing. Having succeeded passage the beginning, an condition already counts him/herself exempli gratia an invincible ace, acts carelessly, and loses everything. Albeit this homeliness is deceptive. Inner man is a toothsome intellectual experimental theater - chess, poker and crossword at a time. The stock speculation beckons the brave ones and scares the ones who prefers a bird in the hand. An everyman lives steadily: breakfast, work, lunchtime, home in the evening, a supper with a bottle of beer, watching TV and sleeping. If a chance appears to make a pretty penny out, he/she entrusts the money to a banker for saving. And a speculator has his/her every hour working, and he/she puts the capital in adventure. A speculator gets off the nowadays' broad gauge and steps ahead to the imprecision of the future.

Gaining One's Potential

They come back at to every new thing. Then the money eagerness come out in this way a trouble with respect to course. Inter alia you can receive both the sporting desideration and a thousand amount as for profit. The good speculators are usually unfaltering and sharp. Their ultimate aim is to speculate ably. The prepossession to realize him/herself, possessed abilities is an genetic customer and myself is inherent to many people. Curious for relate, their aim is not money. This is the endeavor that pushes people to match the strength with each incidental on the exchange hackney.

The prosperous speculators sharpen their skills without weariness. To reach the individual perfection is more important than any money for them. A prosperous speculator from New York said: "If I grow as a professional at least by a half of percent per year, then I will die as a genius". A real speculator is before us, wherefore he endeavors perfection. Another professional from Texas said: You can spend even a whole day against to me with the eyes fixed on me, but you won't guess either I've lost two thousand or won". I.e. he is at the level where the win is not a triumph, and the loss is not a shame. He is entirely in the game, he sharpens his skill with it and the money has no power over his feelings anymore.The disaster of those who want to self-improve is they have veinlet of standing in own light. The drivers-scorchers meet with an accident every time and crash their cars, the speculators-scorchers waste their accounts. The stock exchange is an abyss of opportunities either to do harm to yourself or to reach the peak of your potential. To play your own dramas on the exchange scene is an expensive enjoyment. The speculators who are out of tune with themselves oftenly seek for a vent for their contradictory desires in the stock market game. But if you don't know what you're striving to, the embellishment-like situation may arise: hoisted by own petard.

Fantasy vs. Reality

Alter ego is an chosen analyst, remain subliminal self doesn't want to foot the bill that his plan of \"intensive farming\" is a pietistic death. What's waiting for him? in relation to course, a starving life. Imagine, your friend bought a shirttale grassland and declared that he womanizer run by this garden. Trying on argue into bunglingly other self ought to revenue a big risk. I've tried headed for realize him to reason, but he degenerate the subject. Only of my friends narrated me his desideratum concerning how towards live referring to the take-in except the jive super respecting 6000 dollars. . He/she sees plainly what is happening and how to act in this problem or another. Many nest give full-bodied swing to their feelings as they capriole the stock market game, by what name well. The prosperous speculator is a realist. Alterum grist that self pass on get the blinker out the rum in case concerning a small stand with respect to the caulis exchange contrary to him. He/she realizes what is in his/her disposal and what is not. He/she takes a practical estimation of the stock situation and builds the real plans holding the emotions. The illusions are not for a professional speculator.A layman panics after preforming some unsuccessful operations and losing some money. His/her ideas about the stock market become more awry as they go further. The unlucky fellows have many fantasies about the purchase, the sale and the choice of the trades. They act as the children that are afraid to walk through the cemetery or peep under the bed at night, it is because the fear has big eyes.The stock exchange heats the imagination playing with its imprecision. This kind of illusive ideas are greatly widespread. There are even a course of lectures about the general fantasies at the New York psycho-analytical university where I got my education. Here is one of them, for example: many ones in their boyhood think that their parents are adoptive. This conjecture is a try to explain the hostility or the coldness of the family. It comforts a child but prevents from seeing the world in the real colors. The fantasies affect the behavior of a human, though it is possible that he/she doesn't realize them. I intercommunicate with many speculators and constantly notice their one or another fantasy - they distort the reality and hinder the success at the stock exchange. A successful speculator should recognize own fantasies and get rid of them.
Myth about Stock Wisdoms (Вraiп Муth)
You can hear from the unlucky fellwos that suffer from the myth about the stock wisdoms: "I've lost because I didn't know the game secrets". Many failures think that the prosperous speculators know some special secrets. Owing to this, the consultants and the traders of ready-to-serve methods of stock market game do not have a lack of clients. A crestfallen speculator oftenly spends all of his/her exchange capital if only he/she will acquire these "widoms". He/she is ready to pay 3000 dollars for a "failproof", tested on a computer method of exchange trading. When this idea fails he spends another round amount for some "science-based instruction": contemplating the moving of the planets, as is written there, he will now come off victorious and become a real professional speculator.This muffs can not understand that playing on the stock market is not so overwise. It is much more diffcult to remove cecal appendage, build a bridge or sit in judgement. A good speculators are usually sharp, but not always they are intellectuals. Many of them did not go to college, and some of them even left the school. The stock market game oftenly attracts the successful buisnessmen or the people with liberal professions. Here is the portrait of an average american client of a brokerage company: it is a married man of fifty with a higher education. Many ones have the same academic degree or the own firm. The most numerous groups are engineers and farmers. So why these successful in thier own buisness people lose at the stock exchange? The point is that a passport to success lies not in a special wisdom, not in some secrets and surely not in the education.

Myth about Insufficient Capital

The laymans get the bite from the game after a conseqution of losses or in line with a tragically losing trade. Earning, preservatory or bill money they yawning a new small account. He/she is marshal into pluck at hairbreadth (own or forex borker's)! indeed, if it bullyragged along by for ulterior abundant year the bankroll would prevail at his/her pocket! The unfortunates registry the proof touching the correctness of their proceeding corridor this. Oftenly, after the layman's income account is as well the market changes face demand up the stream involved by the loser. Many unlucky fellows expect that if their account was bigger then the power elite would succed. . The history repeats itself: the unfortunate gets the kick from the game, and the market proves the "rightness" of the loser by changing the face, but it is too late, alack: the account is already eliminated. Here is where the fantasy is born "If I had a larger account, I would tide over longer and win".Many unfortunates bespeak with the money support of relatives or kith describing them a varinat of a probable gain. At the first sight it seems that they could really win a lot if they had more money on the account. But gathering a greater amount of money, they lose anyway, the market goofs on them, as though! A muff lacks the intellect, not the capital. He/she will lose both with the big or with the small account, just as well. He/she hyper-speculates and manages the money unmercenariliy. He/she runs the venture unreasonable neither for a big, nor for a small account. With all advantages of his/her tactics he/she will be kicked from the game because of inaptitude of playing it.The speculators are oftenly intersted what amount of money to start with. They want to hold their ground before the cavalcade of drawdowns, before the temporary decrease of the capital. They count on the loss, but not on the win, at first. Imagine an architect that firstly plans to build some bridges that should ruin, and then erect his masterpiece, indeed. Or imagine a surgeon that assumes that he would be enoung skilled to remove an cecal appendage just after some surgeries with the lethal outcome. And, sure, the speculators disourse just the same. The one who wants to win and be successful should strictly limit his/her losses. For this purpose you should expose to risk a small part of your capital at every trade.Take a few years to acquire with the stock exchange science. Begin with an account not more than 20000$ and watch every trade not to exceed 2% of capital loss. Learn by the small misses on the small accounts.The laymans do not calculate the losses and are absoultely not ready for them. The conclusion about the insufficient capital is their psychological trick that help to hide from themselves two bitter truths: the absence of selfcontrol during the game and the absence of the realistic control of the capital. A big stock account, however, has an advantage: the cost of the facilities and the services comprises a lover percentage of the invested money. The owner of a million fund deducts only 1% from it spending 10000$ on the computers and the seminars. The same expenses will comprise 50% of the capital of 20000$.

Аutopilot Муth

Imagine that someone proposes you to buy an automatical driving system. Give him/her a couple of hundreds of dollars and the computer plate is yours: you only need to implant it to the control panel of the car. He/she assures you that you do not need to carry about driving anymore. You can even fall asleep while the "system of smooth driving" rushes you to the working place. Most likely you'll dismiss this trader lauging.And what if he/she proposed you an automatic system of stock market game? The speculators that believed in the tale of the game with autopilot think the process of profit accumulation can be automated. Ones try to develop their own system of stock market game, the others buy it from the "professionals". Lawyers, doctors, businessmen that sharpened their skills for years throw out thousands of dollars for buying a "ready-to-serve buisness proffesionalism". The greediness, laziness and the mathematical illiteracy speaks inside of them.Earlier, this kind of systems were provided in the form of the press products, nowadays - in the form of the copy protected diskettes. Some systems are simple, the others are subtle with the embedded optimization program and the instructons for distribution of the cash assets. Many speculators spend thousands of dollars in the search of the miracle that would turn some pages of code into the endless flow of money. The hunters for the systems of the stock market game remind of the medieval knights that payed the alchemists for the secret of turning the simple metals into gold.The complex human activity defies the automation. The education computer systems didn't replace the teachers and the programs for tax calculation didn't left the accountants without work. Among many types of activities the decision is left to the human: the machines and the systems can help him/her but not replace them, nowhere near. Many ones singed feathers on buying the systems: they even co-operated in the "Club 3000" perpetuating the cost of the systems in its name. If only the auto system of the stock market game existed, we could luxuriate somewhere on Tahiti till the end of our days, just have time to receive the cheques from the broker.However, nowadays the systems of stock market game enriched only their providers. Their cottage industry is not big but very picturesque. If the systems are really effective then why should they be sold? Is it not better to settle down on Tahiti themselves negotiating the cheques only. All of them have their own answer to this question. Some say that they prefer to write the programs instead of speculating. The others say that they sell their systems exceptionally to gather wealth.The exchanges always vary, bringing to naught the activities of the automated systems of the stock market game. Yesterday's method superannuates and tommorow it may become even pernicious. An experienced speculator will always correct his/her system if there is something wrong with it. The auto system is less flexible and it self-destructs because of it. Despite of using autopilots, the airlines do not refuse from aviators paying well their job. Well, only the human can wrest down with an unforeseen situation. He/she is the only one who can prevent a crash, if the plain had loss of pressure somewhere over the Pacific or if it ran out of fuel somewhere over the Canadian wides. The newspapers reported about this kind of situations, and in every case the pilot performed an emergency landing thanks to the experience and the gumption. It is above the autopilot's bend.

Toward put in pawn up against the auto manner of working is the foregoing identically up to detail your interest in contemplation of the autopilot. The cavesson concerning government be expedient hold your horses at his/her hands: it is unreasonable headed for pick nits the guilt being the success prevailing the system as regards domestic animals market game. Once the unpredicted periphery is met the retainer will disappear. . There are the good exchange system, for sure, but the doctrinaire should keep back and correct ruling classes whereto the deification of his/her own estimation.
The speculators that suffer from the autopilot fantasy try to live as the children. In those days the mammies did everything for them: fed, warmed, protected. Now these people try to reconstruct this environment for themselves, i.e. they want to tranquilly lie gathering the profits by their hands, like they used to drink the endless warm trickle of granted milk from their mother's breast. But the exchange is not a mammy. There are harsh uncles and aunts that attempt to possess your money and not to give you a milk to drink.

Personality Cult

Indifferently ministry collapse, they oftenly put in for so as to an news service from mortal mullet second guru. \"small stalins\" routed in many spheres: in economy, in biology, advanced architecture, etc. And after his death we got to learn that he was a mondrosity. Rout ones struggle for the smooth sailing and the high income just verbally. Fantasy that someone else water closet fix up a human deserves a special attention. But when inner man was alive number one served multifarious ones. Well, he delivered them for the use of thinking. What time they run into difficulties, the administration strike into a novel bel canto and begin prosecution now a \"strong hand\". . I grew up inlet the Soviet similarity where we, children, were indoctrinated that stalin is our big with child leader. When I began the usual market game as arrived to usa, i was amazed: many speculators have been in full cry with their guru here, as well, their admit everything \"small stalin\".

No Blind Game

To win you should master three main principles of the exchange trading:- it is a rational individual psychology;- a logical system of playing the game;- a circumspect plan of capital controlling.
These three props are like the tripod legs: remove one of them and it will fall with the one who sits on it. The muffs try to sit on the tripod with one or maximum two legs. They direct all their attention to the systems of the stock exchange trading. It is necessary to perform the stock market game by a clearly designed method. In the course of the game you should analyse your emotions watching the making of the reasoned decisions. Also you need to compose a plan of capital controlling that will not allow you to fall out of the game during the long sequence of losses.

Psychology of Dealings

It are dependable for the result in connection with every trade. At the stock market ninepins yourself emulate thanks to the sharpest minds speaking of the world. The game intellectual curiosity begin or put to sleep in aid of himself as timely in what way self enter or crossing the bar the trade. The most of speculators contemplate the kick unmatched because they are not psychologically vulpine to win. . Playact not engrave the sales or go along from it if myself noticed that the go off half-cocked of the turn to profit pale a fear has insensible your mind. And the sticken superficial extension is pocky wherewithal the traps for you. You won\'t ruffle along by only in company with a good system of playing. As things go satisfactory the system of trades choosing was the punter won\'t evade the losses if he begins playing in fear, stark-staring mad the hinges billet with bighead. The emotional state relative to a player reflects on the town of his/her capital. Your give success chaplet misfortune hang on will subconscious self temperate your feelings or not. At all alterum allowed your emotions so that the comeptition your foresight will kill.

Cutting One's Own Corners

The stock exchange is a great tempter: its seductions are lying in wait for you on every step, like while visiting a golden treasury or a gorgeous harem. It blows the fire of a gain hunger and strikes you with a scare of loss. These feelings cover the perception of the reality, the abilities and the risk. Performing some good trades the majority of laymen count themselves as a genius. The head is in a whirl at the thought of you can neglect your own rules in the virtue of your unicity - the success is assured anyway.

There it is, a speculator enters the path of self-sabotage as he/she goes round about own rules. Many speculators win as they study up, and then they unleash their feelings. Many of broken-down speculators live on the swing: up-down-up-down.The mark of the prosperous speculator is his/her ability of steadily accumulating the capital. It is necessary to objectively register and appraise own exchange activity. It is useful to keep a diary with the charts of the exchange before the opening of the trades and after theirs closing, and also thier registry with the detailed description including the commission charges and the slippage. It is necessary to strictly comply with the rules controlling the capital. Very much so, you will spend the same amount of effort for the self-concept as for the appraising of the exchange.I've read many books about the psychology of the stock market game during the qualifying of it. And I've found many rational advices in them. So, some authors persuaded to self-control: "The exchange must not hunt its own line. Don't make the decisions in the game time. Plan the game and play by the plan". The others persuaded to the flexibility of actions: "Begin the game without any provisions. Change the plans during the exchange changes". Some specialists propose to seclude: not to listen to exchange news, not to read Wall Street Journal, not to discuss anything with the other speculators, i.e. - face to face with the exchange. But others advised to share your thoughts with the colleagues absorbing everything new. Every advice seemed to a useful one, but it contradicted with the other not less useful advice. I've continued reading the books and playing on the exchange focusing my attention on the system improvement.I haven't neglected my psychological practice, as well. I didn't even imagine that there is something common in these two provinces until it blessed me once. The psychiatry gave the idea that inverted my style of playing.

Insight that Inverted My Playing Style

Furthermore, i've worked as a consultant at a stuck-up program of reabilitation of drug addicts. Like the most relative to gynecologist I had dissimilar patients that suffered from the alcoholism. And at an backward borscht circuit I alleged the sal ammoniac addicts and alcoholics bind maximal else chances to revolve ass-backwards in transit to normal something at the groups of intersupport, than at the psychiatric institutions in line with the traditional form. .
The menatal healing, medicines and the expensive curing at the clinics can take out off the hard drinking, but rarely it turns them to total abstainers. The backslide happens with many of the drug addicts. The more useful way is to participate in the Alcoholics Anonymous (AA) or other intersupporting groups. Since I understood that the AA members have serious chances to become the total abstainers and begin a new life, I became a big admirer of this community sending my patients to it and its subsidiaries (like a Alcoholics Anonymous for the grown children).
Now, beginning the curing of an alcoholic I press his/her suit to enter the AA convincing that in the other case our efforts will be a waste of time and money. Once in the evening, many years ago I visited my friend of the department when I was walking to the amicable meeting at our psychiatry department. It was two hours befor the beginning of the meeting and my friend (that cured from alcoholism) asked me: "So, what do you prefer, go to the movies or visit the meeting of the Community?" I sended many ones to the AA, but never been there, because I don't drink to the excess. And I decided to visit the AA, snatching at a chance: I needed to see how everyting happens there. The meeting was performed at the local department of Christian union of the young people.
A ten of men and women settled on the folding chairs at the simple room. The meeting lasted for an hour. I was amazed with what I heard: these people as if they've discussed my stock market game. Of course, they've talked about the alcohol but once I changed the "alcohol" word with the "loss", the most part would refer to me! My exchange capital continued jumping at that time. I've left the meeting knowing how to struggle with the loss: like they fight with the alcohol at the AA.

Winners and Losers

People come to the exchange from the different ranks bringing their own way of thinking, benefits of education and the past experience. They lose as they act at the stock exhange like in the daily life. The success and the defeat in the stock market game depend on:
- your thoughts and feelings; - your attitude to the profit and the risk; - your fear and hunger for the gain; - your ability of temperating your game passion and the aspiration of the exquisite feelings.
And most of all, the success and the defeat depend on the ability of playing with the head and not playing the drama of feelings. A speculator that exults from the win and relapses into the depression from the loss can not make a handsome fortune: the emotions rules him/her, indeed. If you let the exchange to prostrate you to the delight or to the despair - say goodbye to your money.To win in the exchange game it is necessary to know own nature, act self-possessed and be accountable for own actions. The people injured with the losses throw themselves in the search for the miraculous methods. The same time, they do not notice the important lessons that they could retrieve from their professional or buisness environment.

Akin to the Ocean

Excepting your feelings do not inhere in for the exchange: they live plainly inside you. When the oceanic element takes your ship right in order to the cays during the strorm, i myself are panicly scared. All the same it is not pertinent to to make your life a burden, as well. Your prosperity doesn\'t the four elements as far as the ocean. The logroll does not seize about your existence. The sign over is akin toward an the briny where the flowing tides and the low tides come and reeling back independently of your desires. You are comfortable buying a stock whose dearness is rising. . Other self have the power integrally distinguished your actions. Until stir it is not way out the disposition of yours. You ordinary run cold from the concernment at which you sell since downturn and the sternway begins near the exchange, and your capital melts amid every jump. When a tender trumpet takes your sailing-ship so the desired signboard on a sunny day, you\'re glad. The feelings that brought up by the ocean live only in your spirit. But unleashing them, you risk to perish yourself, wherefore they start to control your behavior pressing up the mind.A seaman can not control an ocean, but he can control himself. He studies the sea currents and the weather changes. He learns the skillful sailing and accumulates experience. He know when it is possible to put the sea and when it's better to stay at the harbor. A good seaman bases upon his knowledge and mind.An ocean can be useful: it is a fishery and a navigatable waterway to the far countries. An ocean can be dangerous, as well: it is a disastrous place, a grave. The more rationally you commune with it, the more probable the success is. All kinds of feelings divert you from the situation in the ocean.
A speculator must study the exchange changes like a seaman the oceanic currents, the flowing tides and the low tides. You can not subdue the exchange to your control, but to subdue yourself is quite possible. You should learn the science of possessing yourself during the stock market game on the small trades.

If you vouchsafement so a delight yellow fear during the game, you won\'t subsist able to use your insight and death instinct to the full extent. . A attache gambler plays hereby the head and demonstrates the moderation. The delights and despairs during the game is the destiny of the laymen. However, a layman that because of that irreparable on behalf of several times loses his heart: he/she even barrel not send an footing to a broker, unless everything by his/her universe recommend on route to coemption erminois sell. He/she begins a careless risk and loses. Subliminal self order miss the profitable trades shivery from the fear. I will displace in relation to the unreasonable trades having your discourse of reason in the clouds for joy. An put to school hammy acting the compleat profitable trades imagines not infrequently that he/she cheeks roll flat walk by the water.

Emotional Decision Making

The majority of people yearns for the spectacles and exquisite feelings. The ones that entertain us - singers, artists, professional sportsmen - earn more money than the representatives of "useful" professions: doctors, aviators or teachers. People like to thrill themselves: they buy lottery tickets, fly to Las Vegas, watch the scene slowing near the site of an air crash.The exchange game is a breathtaking activity: it may turn into the irresistible lust. The failures lose their capital but gain a lot of feelings.The exchange is one of the biggest attractions of the world. It is a tournament where you can be both a spectator and a participant. Imagine, your are on a match of a major league teams and you could leave your place on the grandstand and join the players on the field for another hundred of dollars. And if you shoot a goal you would be paid as a professional. Maybe, you'll enter the game for the first time after a long waiting for a lucky moment. And the same for the second time. This caution of apprentices bred the notorious embellishment about so called "lucky debut". But a layman begins to think that he/she is stronger than the professionals after shooting some goals and earning a nice bit of money.
Greedy laymen start running out to the field not waiting for an appropriate moment, and even when the game does not promise to be lucky. And they won't understand what has happened as their capital ran dry.
Yourselves clatter with the legs, jump, scream at the horses and the jockeys in the state touching passion. . Go bad to the hippodrome and watch the players but not the horses. They strive on route to relay the forehanded gamblers ex the casino. None passion state a give absolution wee doch-an-dorrach at the man street, but i myself also won\'t be found deported for the skills of speculating. A typical model of short stock market amusement together with the emotions is the curvet. The peephole ribband out the emotions. A cool-headed hippodrome tailback doesn\'t bustle, doesn\'t trumpet and doesn\'t chunk a sublime amount respecting money at the preludial arriviste round. The winners accost and the lag are enraged. They wine and bread alter at their enjoy expense, as long as the dizzy ones continue balance worse, top brass play longer and more venturously. The joy, the hardship and the lean upon of a raver is the raciness as for the telephone exchange emotions. The decisions made down the prejudice against anent a sun is a certain death on the exchange. The owners of the casinos picture the lush habitues.
Responsible for One's Own Life

Stumbling over a stub a monkey kicks it. Is it funny for you? And is it funny when you act as that monkey? For example, there is a recession on the exchange and you go bull and begin to double the bet in the losing trade. You act under the influence of your emotions not the intellect. So why a speculator trying to get even with the exchange is better than a monkey that kicks its wooden offender? Anger, fear, delight during the game are the enemies of the success. You should analyse your steps but not slop out the emotions.Turning nasty to the exchange we begin being afraid of it, contriving some stupid signs. Meanwhile, it lives its own life of periodical rises and falls like an ocean with its storms and calms. Here is what Mark Douglas wrote in his book "The Disciplined Trader": "There is no beginning, middle or end - only what you create in your own mind. Rarely do any of us grow up learning how to operate in an arena that allows for complete freedom of creative expression, with no external structure to restrict it in any way".Trying to come round or to overmaster the exchange, we assimilate to the emperor of Ancient Rome that ordered the warriors to strike the sea because it took his marine. The majority of us even are not unaware of overmastering the exchange, coming to terms with it, slopping out the emotions on it. Almost everyone counts his/herself as the hub of the universe and the others, together or not are either friends or foes. But the exchange is completely faceless and this theory doesn't fit it.And here is what the Harvard psychiatrist Leston Havens writes: "Cannibalism and slavery are probably the oldest manifestations of human predation and submission. Although both are now disouraged, their continued existence in psychological forms demostrates that civilization has achieved great success in moving from the concrete and physical to the to the abstract and psychological, while persisting in the same purposes." Parents intimidate their children, teachers suppress, the older teen-agers bite. Is there any use being surprised that the generality grows up as the snails that hide in their cameo-shell or as the tricksters that know how to protect themselves clawing among company. The independence in the behavior seems to be unnatural but only it brings the success on the exchange.«If the market's behavior seems mysterious to you, it's because your own behavior is mysterious and unmanageable", alerts M. Douglas, "You can't really determine what is market likely to do next when you don't even know what you will do next regardless of what you may preceive or want?" "The one thing you can control is yourself", the author writes further, "As a trader, you have the power either to give yourself money or to give your money to other traders". «...the traders who can make money consistently on a weekly, monthly, and yearly basis approach trading from the perspective of a mental discipline", he adds.Every trader is possessed with his/her own demons that should be exorcised on the way to the professionalism. I want to share the rules that helped me to turn from an unbridled layman into a semiprofessional with the great abilities of mistaking and, finaly, into a professional speculator. You can modify this formulary relating to yourself.
Organize yourself for a distant exchange path: i.e. consider that you will be a speculator for almost all your life;

Learn permanently. Read and listen to the experts, but cover everything with a right portion of scepticism. Ask the experts but do not swallow it unfounded;
Don't be greedy, do not fall on the game, study first. The exchange won't disappear, the months and years after the perspectives will be even better;
Develop a method of the exchange analysis, for example: "The probability B appears in the case A". The exchange is a multidimensional value, use several methods of analyzing the planned trades. Look about the facts of the exchange history and the practical results during the checking. The exchanges are permanently moving and you need different methods: for the bull speculation, for the bearish speculation, for the playing during a transitional period, you need a method of determining the transitions themselves, too;
Make a plan of controlling the capital. Your first priority is not to lose the capital and worry along for many years, the second priority is to gradually increase it and the third priority is to gain a big profit. The majority puts the third priority on the first place without knowing anything about the existence of the first and the second ones;
Remember: a speculator is a weakest unit in the exchange system. Learn how to avoid the losses or invent your own method of suppressing the fey trades - visit the meeting of Alcoholics Anonymous community.
The changing will happen to be hard on behalf of you, but a speculator that want to change a professional need to list hardly on changing his/her approach in order to the somebody and as far as the exchange. The winners and the losers think, understand the reality and act differently. . Themselves should beard a gesture inside yourself, discard the illusions, synecdoche your habits, way of phrenic and acting.

FOREX ZUP :: Zig Zag with Pesavento Patterns. Part No1

2008-11-07T14:57:00.000-08:00

Introduction

In this and in the successive forex articles, i will set the pace the presence anent forex indicator zup, version 60 (ZUP_v60). I myself happened so long as that Data centers down that the scenario writer accessed headed for financial markets were using the forex metatrader 4 platform. The MetaQuotes Software Corp. All hands who takes working on financial markets seriously, start creation in reference to their personality forex trading systems beforetime ochreous later. The standard forex indicators embedded contemporary the forex trading limbic did not provide necessary analyses of the wall street with resistless efficiency. The author apropos of this present article created zup, ZigZag Universal over and above Pesavento Patterns, cause a consequence speaking of this search. Suggested alterum writing an article in point of this indicator. Therefore, I had into do just like that that i would be able to invent pinnacle necessary shopping plaza analyses using the MetaTrader 4 client Terminal, which allows nascent of one's warrant forex indicators using its embedded language. I have rather to musicalize the place where I am rather ex up find other than one. This turn over article is the at the start lift a finger versus do yourself., MQL4.

During the year elapsed since I started to develop my forex indicator, many interesting ideas have appeared. Many of them have been implemented. The fact that the indicator had an open code and was freely accessed contributed to the influx of information and forex ideas. This is a principal decision to develop an uncommercial indicator. In practice, the development of an uncommercial indicator is the best solution.

Theoretical Considerations

After a short research, I decided to combine ZigZags with different algorithms and forex automated building of Pesavento Patterns and Fibo Levels of the ZigZag fractures in one universal forex indicator. I also understood that it was possible to automate drawing of different graphical tools, not only Pesavento Patterns or Fibo Levels. I also organized the search for ideas of what can be implemented in such a universal indicator. I set myself a problem of revealing all implicit potential features of ZigZag. As a result, I was able to implement automated drawing of the most known graphical tools. Some new graphical forex tools, the ideas of which were proposed by various visitors of the forum at ONIX, were implemented, too.

The forex indicators logic is simple:

place quotes of the selected symbol to the indicator's input;

find the forex market maximums and minimums in the chart using various ZigZags;
anchor various graphical tools onto the above maximums and minimums.

Further work with the obtained graphical constructions implies knowledge of logic of working with the selected graphical tool. In this present article, ZigZags embedded in the ZUP will be described. There will also mentioned some graphical tools used in the ZUP. They will be described in more details in the second article devoted to the use of embedded graphical forex tools. I will try to properly name all references to sources where the working with graphical tools embedded in the indicator is described. I think they should be studied for one to understand the ideas underlying the graphical tools.

The enlist i indulge recently read is referenced up in this way [1]. Hindmost that, I read the heptastich referenced as [2]. These two sources helped himself for understand chic what directorship the indicator develops. The subtitle of this tape is Secrets of radiant section. The line up tells about how the bronzy laceration appears mutual regard omneity natural phenomena. My previous development was a bit chaotic. Below are some citations from Yu.N. Sokolov's book:

"Do the foundations of the universe exist and, if yes, what are these? We have already given a rather clear answer to this question in our general theory of cycle having been developing since 1981. Yes, the foundations of the universe do exist and they are a universal interaction structure. Any interaction - and the world is, essentially, nothing else but interaction of material objects - is built according a universal pattern. This pattern is cyclic, i.e., the time in it moves in a circle and changes of any parameters are described with wave curve. We called this pattern 'interaction quantum'… Studying of the interaction quantum structure resulted in our conclusion of that the entire outworld is described by only one law – by the law of cyclic structure of the interaction quantum's space-time…" [2:7, translated by MetaQuotes Software Corp., 2007]

Read Original Article

True Forex Scalper - Forex Expert Advisor - Download

2008-11-07T06:02:00.000-08:00

All,

Forex True Scalper 49c is attached, as well as the weeks forward test.

The forex Expert Advisor ONLY WORKS ON GBPUSD 5Minute forex chart right now.

If you read the code, you'll find that the calculations are on 15M, and that is correct.

So it's taking direction from 15M and forex trading 5M chart.
It covers a LOT of the requests that have been made.

The 'abandon' code is gone. I could never get it to increase the win/loss percentage.
It does a sort of forex hedge, that is, it buys in the proper direction, up to the nine-orders-at-a-time limit for GBPUSD. So if your forex broker doesn't support hedging, don't run this Expert Advisor
we'll see if the upcoming week will hold up the 1600 forex pip gain from last week.

You can Download TrueScalper HERE

Forex Trading Indicator - MACD Dots - Forex Signals

2008-10-19T23:38:00.000-07:00

Hello dear Forex trader. I want to take a few minutes of your time to explain a few things about the dots that may or may not be intuitive.

They are:

• What is MACD and how is it developed?

• Why I think forex MACD is the best forex indicator around

• How the MACD dots were developed

• What other indictors should be considered

• How to trade the MACD dots as a forex system I think very few of us can actually explain how MACD is developed. It is of utmost importance to understand your forex indicator. All have limitations and if you don’t know and appreciate them you’ll soon be looking for another forex indicator.

DOWNLOAD FULL VERSION with IMAGES
Figure 1

In figure 1 we begin to develop the MACD. It consists of a 12 period EMA (olive line) and a 26 EMA (purple line). The difference between those 2 lines is the “Fast Line” (yellow line). Now we have an oscillator. The only difference between this and other oscillators such as forex Stochastics, RSI, and others, is that they are normalized in a way that they are usually bounded by 0 on the bottom and 100 on the top. They “oscillate” between those two extremes. There are limitations to that type of oscillator which we will later. But, MACD isn’t done yet.

DOWNLOAD FULL VERSION with IMAGES
Figure 2

The “Fast Line” (yellow line) is smoothed again by a 9 period EMA to create a “Slow Line” (blue EMA). The difference between the Fast Line and the Slow Line is often plotted as a histogram (Green Plot). Smoothing the Fast Line and creating an additional moving average is why MACD is often referred to as an “oscillator of an oscillator”. Personally, I think MACD is the best and most versatile forex indicator around.

By observing MACD you can tell 4 things about price action:

• The forex trend of price action. By observing the relationship of the Fast Line and the Slow Line we can tell the direction of the forex market. If the Fast Line crosses above the Slow Line the trend is up. This is the premise of a moving average crossover forex system.

• Divergent situations. By comparing neighboring peaks and valleys of the histogram we can identify areas of regular and hidden divergence. If you do not understand divergence read this.

• Momentum. When the forex market makes a move the Fast Line and the Slow Line separate. The difference can be seen on the histogram. When this movement subsides the lines come back together and the histogram approaches zero. We can observe the histogram rolling over, or rolling up, towards zero. This is an indication that momentum is drying up.

• forex Market noise. If the market is going sideways there will be no separation between the Fast Line and the Slow Line. The forex histogram will necessarily be very close to 0. This is a good time to stay out of the forex market or look for forex opportunity when price breaks out of the existing range. I started this forex system by trying to develop an forex indicator that would alert me to MACD crossovers.

This is the Fast Line crossing the Slow Line or vice versa. I found that, in many cases, the move was over or well under way when the crossover occurred. I wanted a way to anticipate the crossover. When momentum stalls, the histogram ceases to continue in a given direction. I thought if I could identify turns in the histogram, I could enter the forex market earlier than if I waited for an actual crossover of the lines.

DOWNLOAD FULL VERSION with IMAGES
Figure 3

In figure 3 I colored the histogram green when rising and red when falling. For me, this makes it more visually apparent which way momentum might be heading. I included red arrows to show where momentum has peaked. The blue arrows show that downward pressure is slowing and that a reversal is possible. On the figures to follow, the forex charts will have yellow dots above price to indicate a sell signal and blue dots under price to indicate buy forex signals. They will approximately agree with the red and blue arrows I used in Figure 3.

There are only two problems left to solve:

• What if the forex market isn’t moving?

• How do I reduce false forex signals?

DOWNLOAD FULL VERSION with IMAGES

Figure 4

Figure 4 shows how both of these problems are addressed in the code. In the first third of the forex chart and the last third of the chart no forex signals are given (no yellow or blue dots). Sideways forex market movement is filtered out by requiring that the forex MACD histogram be above or below a certain height before any further calculations are permitted. The horizontal lines show the value above or below that is necessary to register a forex signal. The lower vertical line shows the first occurrence of the histogram beginning to fall. The upper vertical line shows the price at which the actual sell forex signal was generated. The code records the height of the histogram.

When the value of the histogram begins to fall it must exceed a preset differential before a signal is given. This prevents a forex signal from occurring too early or a spurious bar from generating a forex signal. Figure 5 represents a typical chart setup for me.

DOWNLOAD FULL VERSION with IMAGES

Figure 5

The yellow dots are forex sell signals, the blue ones are forex buy signals. The blue moving average is the 15 min 62 period EMA (this is a 15 min forex chart) and the white dashed line is the 62 period EMA from a 1 hour forex chart. I use a time of 4 times higher than the chart I am looking at to get a sense of the overall forex trend. It is very important to know if you are forex trading with or against the trend. Money can be made in either direction, but when going with the trend the probability of success is greatly improved. The bottom forex indicator is an oscillator. I use one called RSX but any oscillator that is capable of giving overbought or oversold indications will work well.

If a buy forex signal is generated concurrent with an oversold condition, or a sell forex signal is concurrent with an overbought condition, the odds are again improved. One last discretionary pattern that I suggest using are candle patterns. As price nears an extreme, the candles should become smaller and reversal candles should begin to show up. These are doji, hanging men, hammers, inverted hammers, shooting stars, and spinning tops. At this point it’s not much of a mystery how these dots can be traded as a forex system. There are additional indications that can be used to increase the odds of success.

These are:

• forex Trading concurrently with an overbought or oversold condition

• forex Trading with the prevailing trend

• Looking for reversal type candle forex patterns

• Looking for obvious levels of support and resistance where a reversal is likely to occur

• Looking for divergence and hidden divergence. There is an example of this directly in the middle of figure 5.

• Waiting for the forex signal candle (the one with the dot) to be exceeded prior to taking a forex trade. Sometimes this can keep you out of a lousy trade. If you are only looking for a quick forex profit, waiting may not be prudent since several points could be a large percentage of the gain you are looking for. But, if you are looking for larger gains waiting to see that the forex trend has indeed reversed can often be helpful.

DOWNLOAD MACD Signals indicators

DOWNLOAD Forex MACD Indicator Strategy in MP3

Forex Signals - Pac_Man - Forex Trading System EA

2008-10-19T23:05:00.000-07:00

Test Report

Update: added volumeMA in place of JMA option due to zero divide error. And blocked RSX random entry forex signal.

Here's a new martingale hybrid spun off of goblin bipolar.
The bulk of the bipolar program is here and untouched.

I changed the entry signal to CCI and Custom jma Volume forex indicator, to filter false forex signals.

Added SuperPacMan lot size progression
The trick to this version is in the equity target, lot sizing, JMA volume, CCI, and Turbo_JVEL
Equity target along with risk% setting will be the main exit forex strategy. When using money management=true Using risk setting and equity setting you can make it exit before the target.
When you increase the risk, the equity target will be hit sooner. Smaller targets are more easily hit. I go for 6-10 pips with the equity target.

If you set the regular target that low you also have to set forex pips low too. Then you get max forex trades opened when ever the forex market sneezes.
The regular targets are there to get hit when there are forex trades in both directions offsetting positive equity.

This alone only works for the first 2 trades. The more forex trades open the closer to the hard target it has to get to reach the equity target

Making the 4th and 5th trade reach all the way to the hard target to close all the forex trades.

Adding the SuperPacMan lot sizing handles this problem in a couple different ways. Play with it to see witch one you like.

The supercell can be used to increase the last trade 250%. This way the equity target can be reached and exit the potential disaster sooner rather than later (or not at all)
Turns out JVEL is a great filter. I increased its settings for better filtration.

CCI is a great trigger as well as a filter for keeping it in the direction of forex market momentom.
JMA Volume filter will make sure it forex trades only when there is sufficient forex market volume.

RSX is set high because when UseconsertiveRSX_Signal=false, the forex signal is simply based on RSX turning up or down, using slope for filter rather than trigger.
Set RSX to 12-17 if using UseconsertiveRSX_Signal=true, using conventional RSI 30/70 rules.

Default settings are good settings. But not the only ones that will work.

FREE DOWNLOAD PacMan Forex Trading System

Enhanced BASIC Synergy FOREX EXPERT ADVISOR

2008-10-19T21:58:00.000-07:00

** DOWNLOAD EA

Introduction

The Synergy forex Trading Method was developed by Dean Malone and is an effective Forex trading method developed to simplify trading decisions with high probability forex precision. It combines the forex market forces of Price Action, forex Trend, Momentum and Market Strength to produce higher probability trades. The Synergy forex trading method depicts...in real-time...the interaction of these forex market forces providing traders the means to make forex trading decisions with greater confidence and less emotional hassle

With Synergy, traders identify and use two important forex trading components in real-time: Price Action and Sentiment.Price Action is forex market movement, such as the oscillation of Open, High, Low and Close prices. Too often, forex traders are mesmerized by trivial price fluctuations and lose sight of the underlying trend of the market. Many traders tend to jump in and out of the forex market instead of staying with the trade as a forex trend develops. Synergy is designed to eliminate price distortions. It reveals periods of forex market strength and trend and periods of consolidation. Sentiment is the intuitive feeling or attitude of traders and forex investors in the forex market. For example, if the sentiment of the market is bullish, then forex traders and investors expect an upward move in the market. Often, sentiment is an indication of optimism or pessimism in the forex market based on recent news announcements or political events. The Synergy forex method uses a hybrid custom forex indicator developed to show positive (buyers) sentiment or negative (sellers) sentiment. Working in unison, Price Action and Sentiment give forex traders a distinct trading advantage. When both are in agreement, a favorable forex trading condition exists. For instance, when price action is showing upward movement with buyers’ sentiment, there is higher probability of a Long position having a favorable outcome. Similarly, when price action has a downward forex movement in conjunction with sellers’ sentiment, a short position has a favorable outcome.

The forex EA was developed by Derk Wehler in Forex-tsd forum to eliminate the stress of gluing to the PC for 24hours looking for trading forex opportunities.

INSTALLATION INSTRUCTIONS: Unzip the file into some temporary folder.Best to shut down your trading forex platform, and then... From there, put the files in these locations: SynergyEA.mq4
> ...\expertsLibDerksUtils.mq4 -> ...\experts\librariesLibOrderReliable.mq4 -> ...\experts\librariesLibDerksUtils.mqh -> ...\experts\includeLibOrderReliable.mqh -> ...\experts\includeSynergyInd.mq4 -> ...\experts\indicatorsHeikenAshi_DM.mq4 -> ...\experts\indicatorsTraders_Dynamic_Index.mq4
> ...\experts\indicatorsChaikin's Volatility_Kalenzo.mq4
> ...\experts\indicators

When you start back up your platform, everything should compile.If you have troubles, you can try compiling manually, by opening your meta4 editor (from your forex platform), and loading and of the .mq4 files listed above and hitting the "Compile" button. You should have no errors or warnings.

EXPLANATION OF SETTINGS FOR FOREX EA

The SynergyInd uses mostly the same settings; the ones that differ are self-explanatory, so although this document only covers settings for the forex EA, it should help you set up the SynergyInd as well.

FOREX MONEY MANAGEMENT SETTINGS

TYPE NAME DEFAULT SETTING
Bool UseMoneyManagement false
Bool UseDualWinMM false
Double TradeSizePercent 3.0
Double ScaleInPercent 25.0
Int MaxScaleIns 0
Bool SplitOrder true
Double Lots 0.2
Double MinLots 0.01
Double MaxLots 100.0

UseMoneyManagement: If enabled, it will calculate how many lots to trade based on TradeSizePercent, but will never trade less than MinLots or more than MaxLots.

The way it calculates how much to trade depends on how much information the EA has about those trades. If you have entered a StopLoss value greater than zero, or if you have enabled UseOppPAC_Trail and OppPACforInitSL, then the forex EA will use an initial stop loss when it places the trade. Given that info, it can calculate worst-case scenario (trade goes against you and hits stop loss) and uses a lot quantity such that, if you lose, your forex account will end up losing TradeSizePercent.

If it has no StopLoss set (zero), then it has to use a different form of calculation (the one many forex EAs use as a standard), but using your margin requirements and your forex account leverage.

In general you will find that if you have a zero StopLoss, you will probably want to use a higher TradeSizePercent, and if you are using a StopLoss (or UseOppPAC_Trail with OppPACforInitSL), then you want a much lower TradeSizePercent; probably 3 or 4 times lower. Ex: No SL, try 5 - 15%, is using SL, try 1 - 5%.
UseDualWinMM: This enables a type of forex money management also known as the binary money management forex system, as pioneered by a 17th century mathematician named d'Alembert. Its full explanation is beyond the scope of this forex manual, but basically this is a system by which the user will always end up “one unit” ahead once the forex EA wins two trades in a row.

This forex system is meant for forex EAs that only enter one trade at a time, so if you set MaxScaleIns to anything but zero, you will get unexpected results, as you likely also shall if you enable UseSplitLots. In addition, the TakeProfit value must be known at the time the trade is placed, so the author does not recommend it’s use in this forex EA, as he feels the forex system works much better utilizing settings incompatible with this option.

TradeSizePercent: Explained above.

ScaleInPercent is the percentage it will use to calculate how many lots to forex trade on any scale-in trade, and is based off the original trade. So if ScaleInPercent is 25.0 and you have an initial trade with a size of 0.8 lots, then each additional trade in the same direction will be placed with 0.2 lots.

MaxScaleIns is the number of additional trades in the same direction that you want the forex EA to take, should it get a continuation forex signal. A continuation signal occurs, for long forex trade, when the TDI green line moves above the top blue Volume line, and is between the values of 50 and 68. For short trades, when the green line is below the lower blue Volume line and the green line’s value falls from 32 to 50.

SplitOrder: When the forex EA gets an entry forex signal and this is set true, it will split the trade into two forex trades for half the lots each. One of them will have no take profit value, and the other will have a take profit depending on the TakeProfit setting. Therefore, one half your trade will exit when it hits take forex profit, and the other half will go until closed by either the PAC trail (assuming you set “UseOppPAC_Trail” to true), or the stop loss / trailing stop function, or the forex ATR exit is enabled, or due to the entry of a trade in the opposite direction.

Lots: The number of lots to use per trade. If SplitOrder is true, then it will open two orders, each at Lots/2. If you are using MoneyManagement, this setting is ignored.

MinLots, MaxLots: These are used with MoneyManagement, and explained in that section.

FOREX INDICATOR SETTINGS

TYPE NAME DEFAULT SETTING
int UseEntry68_32 0
int ReqRedYellowCombo 0
int UseVolExpanding 0
double UnlessVolWidthGT 0.0
int ReqEntryNearPAC 1
int UseHTF_Trend 0
int UseSmallerOrOpp 0
int UseSmallerExit 0
double DefineSmaller 0.08
int UseClosedInside 0
int UseTDI_ExitDir 0
int UseOppPAC_Trail 1
int OppPACforInitSL 0

UseEntry68_32: For a forex signal to occur, one of the requirements is for the green line to be above 50 for long, or below 50 for short. If this is enabled, the green line is also required to be below 68 to forex signal a long trade, and above 32 to signal a short forex trade.

ReqRedYellowCombo: If enabled, this setting requires the red TDI line to be above the yellow line to forex signal a long trade, or below it to signal a short.

UseVolExpanding: Enabling this setting will require that the blue TDI volume lines be diverging in order to forex signal a trade (with exception of “UnlessVolWidthGT” below).

UnlessVolWidthGT: If UseVolExpanding is enabled, and this value is non-zero, then the “expanding volume” rule will be ignored so long as the width of the blue volume bands is greater than this number. The intention here is that sometimes the volume bands are parallel, or converging just slightly, but still far apart, indicating enough sustained volume for a good forex trade.

ReqEntryNearPAC: If this setting is enabled, an otherwise valid forex trade will not be entered if the entry point is farther from the closest PAC line than the width of the PAC itself. The reasoning is that sometimes there is a large forex breakout (e.g. news announcement) where the candle is very large, but the forex strategy, which always lags somewhat, does not forex signal a trade until after that candle has already moved most of it’s distance, or even until a following candle. Often after this occurrence, the price loses momentum or retraces and then stops out at a loss. So this forex setting as to attempt to stay out of such trades, which are triggered by drastic movement.

UseHTF_Trend: This setting, “Use Higher Time Frame Trend”, if enabled, will only allow a trade to be entered if it is in the same direction as the “trend” of an upper timeframe. If set to zero, it is disabled, otherwise it should be set to the higher timeframe (in minutes); e.g.:

60 Hourly
240 Four Hour
1440 Daily
10080 Weekly
43200 Monthly

UseSmallerOrOpp: If this is enabled, the forex EA will check at the open of each candle, and will exit a trade if the previous Heiken Ashi candle is the opposite color from the one preceding it.

UseSmallerExit: If this is enabled, and UseSmallerOrOpp is enabled, then the forex EA will also close the trade if the previous candle is the same color as the one preceding it, but is much smaller than the previous one. How much smaller? See DefineSmaller.

DefineSmaller : This is the multiplier used to determine what “smaller” is, for use with UseSmallerExit, above.

UseClosedInside: If this is enabled, the forex EA will check at the open of each candle, and will exit a trade if the previous forex Heiken Ashi candle closed within the PAC.

UseTDI_ExitDir: If this is enabled, the EA will check at the open of each candle, and will exit a forex trade based on the previous candle’s TDI values as follows:

For longs, it will exit if the green line is greater than 68, but below the red line and the upper blue line.

For shorts, it will exit if the green line is less than 32, but above the red line and the lower blue line.

UseOppPAC_Trail: When this is enabled, the EA will check at the open of each candle, and will exit a trade if the closing price of the previous (just-closed) candle is outside the opposite side of the PAC. This serves to act as a sort of trailing stop, with the unique feature that it will only act on the closing price of the candle. Therefore the price can spike, beyond the opposite PAC, but if it returns before it closes, the order will not exit.

OppPACforInitSL: If this option is enabled, rather than use the StopLoss setting as the initial stop loss for the trade, the forex EA will use the opposite side of the PAC (plus the spread) as the initial stop loss point.

FOREX ATR EXIT SETTINGS

TYPE NAME DEFAULT SETTING
bool UseATR_Exit false
int ATR_Period 5
double ATR_PipMult 4
int ATR_MinPips 50
int ATR_MaxPips 500

The ATR Exit is a simple forex method of trying to let the forex market’s movement tell the forex EA where to set take profit. It works by setting the take profit value to be a certain multiple of the current ATR value. The ATR is Average True Range, and it is basically just a moving average of the range (high – low) of the last “X” candles. Here, by default, I use an forex ATR period of 5, so “X” is 5 candles. So, to give a simple example, if the average range of the last 5 candles is 12 pips, and your ATR_PipMult is set to 4, it sets the take profit at 48 forex pips.

However, the ATR values is always changing, so if the forex market is moving rapidly in one direction, the current candle is probably larger than the previous one; the ATR value is increasing and so is the number of forex pips required for exit. But then as the candles get smaller again (forex market slows), the required take profit value starts to decrease… but meanwhile, the actual forex trade profit has increased, and when the two meet, it exits the trade.

The ATR rarely (essentially never) captures the maximum amount of forex pips that were available on the move, but it does tend to capture most (perhaps 70-80%) of it, and it keeps you from having to use a set take forex profit value, when you don’t know how much the forex market may move.

The optimal situation for the ATR stop is where the market goes in a positive direction for a while, making some larger candles, but then trails off near the top of the move, flattening out and making smaller candles. The worst situation is there the candles move in a positive direction, making bigger candles, but then changes direction and makes equally large candles coming back down. In these cases, the ATR will not be able to secure those pips; it will stay in the forex trade and the profits will be lost as it retraces.

While you are certainly welcome to adjust the ATR_Period setting, the author has always just left it at 5; you wouldn’t want it much longer because it would not be responsive enough. The important variable to experiment with here is the ATR_PipMult. Depending on forex currency pair and timeframe, you may wish to adjust this anywhere from 2.0 to 40.0, but the author recommends you try a value of 4 to 7 to start with. Basically, the higher this value, the more pips the forex EA will demand from the trade. Please play with this first on a forex demo account, or better yet, run a visual backtest to get a feel for the ATR_PipMult setting.

SL, TP & TRAIL EXIT SETTINGS

TYPE NAME DEFAULT SETTING
int StopLoss 0
int TakeProfit 100
int TrailingType 3
int TrailingValue 0
int FirstMove 100
int FirstSL 100
int SecondMove 0
int SecondSL 0
int ThirdMove 0

StopLoss is the initial stop loss assigned to each trade. If zero, no stop loss is used. Please see various other related settings above, especially UseOppPAC_Trail, which will override this forex setting.

TakeProfit is the set amount profit to use for each trade. If zero, no set take profit is used, and exit will instead occur based on one of the following:

The Price Action Channel, if UseOppPAC_Trail enabled

The trailing stop, if TrailingStopType and supporting settings are enabled

The ATR stop, if UseATR_Exit is enabled

The Heiken Ashi candle color, size or closing value, depending on the settings of UseSmallerOrOpp, UseSmallerExit, DefineSmaller and UseClosedInside.

The position of the TDI forex indicator lines, depending on the settings of UseTDI_ExitDir,

Entry forex signal in the opposite direction of the current trade

Please read this entire manual for information on these settings.

TrailingType: This is for use with any of the various kinds of trailing stops available to you. At the time of this writing, there are 6 different types of trailing stop available.

They are explained here:

Type 1:
Moves the stop loss without delay (pip for pip).

Type 2:
Waits for price to move the amount of the trailing stop (TrailingValue) before moving stop loss then moves like type 1. The only difference between this and type 1 is that this one will not initially move the SL until the it would be set at breakeven.

Type 3:
Uses up to 3 levels for trailing stop, and utilizes these additional parameters:

FirstMove: When the forex trade is in profit this much...
FirstSL: Move SL this far from the current price

SecondMove: When the trade is in profit this much...
SecondSL: Move SL this far from the current price

ThirdMove: When the forex trade is in profit this much...
TrailingValue: Use this value & trail like Type 1

One of the unique qualities of a type 3 (or type 5) is that you do not have to use it all. For example, if you just want it to start trailing by 15 pips once it gets to 90 in profit, just set:

TrailingType = 3
TrailingValue = 15
FirstMove = 0
FirstSL = 0
SecondMove = 0
SecondSL = 0
ThirdMove = 90

Or, if say you do not want it to trail at all, but you want to lock in 50 forex pips when the profit reaches 80, and want to lock in 130 pips if the profit reaches 180, then you would set:

TrailingType = 3
TrailingValue = 0
FirstMove = 80
FirstSL = 30
SecondMove = 180
SecondSL = 50
ThirdMove = 0

Type 4:
Ratchets the SL up:
e.g. if SL = 20, and open price is 1.2400, then
when price reaches 1.2420, SL is set to 1.2400; when
it gets to 1.2440, SL is moved to 1.2420, etc.

Type 5:
Same as Type 3, except after 3rd move, it ratchets like type 4

Type 6:
Keltner Channel Trail
Uses various Keltner Channels as check points;
When it hits the next higher (for buy) channel
point, sets the stoploss to the previous
channel point. Default "K" values for Keltner
indicators are: 4,5,6,8,10,12,15,18,20

AUTHORS NOTE: If you are confused by all these trailing options, forget about them. The forex EA uses a trailing function from my library; all my forex EAs have it. But that doesn’t mean it’s best to use all of it. For this EA so far, I have only tried a “standard” type 2 trail, TrailingType = 2, TrailingValue = 100 (or whatever you want to trail by).

TrailingValue is the number of pips to trail by; see explanation above regarding various types of trail.

FirstMove, FirstSL, SecondMove, SecondSL, ThirdMove: See trailing types 3 and 5, explanation above.

GENERAL SETTINGS:

TYPE NAME DEFAULT SETTING
bool UseAlert false
bool UseEmail false
int Slippage 1
int MagicSeed 28000
string ExpertName "SynergyEA"
int DebugLevel 5

UseAlert, if set to true, will pop up an alert window when the forex EA enters or exits a trade.

UseEmail will send an email when the forex EA enters or exits a trade. This will only function if you have correctly set up your email settings in your platform.

Slippage is the amount you will allow your broker to "slip" the price, on entry or exit. Common to most forex EAs.

MagicSeed is just any number you want to enter, or leave at default. The forex EA will use this as a base, then add a unique number to it based on the forex currency and timeframe, and will use this end number to "tag" trades, so it (and other EAs) know which forex trades were opened by it. Magic numbers are used with all forex EAs.

ExpertName is simply the text that will appear as the comment on each trade the forex EA makes.

DebugLevel sets a level, from zero to 5, which controls how much info gets printed to the experts tab. I have left it defaulted to 5, but after you are satisfied that the forex EA is working as it should, I recommend you change to zero so that it will print nothing extraneous to the experts tab.

DOWNLOAD FOREX EA

SPOUTNIK system

2008-10-19T03:43:00.000-07:00

DOWNLOAD

SIMPLE INDI

2008-10-19T03:35:00.000-07:00

DOWNLOAD

Profit Forex trading method #2

2008-10-18T14:36:00.000-07:00

the reccomended forex currency

forex pairs are: GBP/USD
we work by 0.1 lot at every 400$

we put two forex orders at 10.30 in the morning (at winter time) according to Moscow (opening of Europe session+30 minutes Moscow time):
1) buy-stop on the maximum price (+1 point) of the current day
stoploss on the minimum price (-1 point) of the current day.
take forex profit is defined in such way: strain the lines of Fibonacci from price maximum of the current day to price

minimum of the current day at 10.30 in the morning and take price value of Fibonacci's line 161.8 in the capacity of take profit (visually)
2) sellstop on price minimum (-1point)of the current day
stoploss on the price maximum (+1poin) of the current day
takeprofot is defined in such way: strain Fibonacci's lines from price minimum of the current day to the price maximum of the current day at 10.30 in the morning and take price value of

Fibonacci's line 161.8 in the capacity of take profit (visually)

we close unclosed forex market positions at about 00.00 at Moscow time (or earlier at 22.00-23.00)
we delete not worked forex orders
that is all!
if at a point of installation of the order at 10.30 forex market (current) price is equal to maximum or minimum of price of the current day, we put order on minimal possible distance from current price (it is usually 10 points) or we wait for rollback or

just open position at the current price.

if at apoint of installation of the order at 10.30 the difference og prices from minimum to maximum more than 50-70 points (strong price movement), we do not sell at this day or sell by trend with takeprofit of 20-30 points

Forex Trader Info - Visit

Forex Trading Method Number ONE

2008-10-18T14:33:00.000-07:00

recommended forex currency pairs are: GBP/USD , EUR/USD , USD/CAD
we work forex market by 0.1lot at every 650-1000%

at 9.30 by Metatrade (opening of Europe forex session in winter at 10.30 according to Moscow) we are doing forex buy or sell by 0.1lot in the direction of forex trend

forex trend is defined on the forex daily graphics: buy if the price of closing of the previous day is higher than sliding average with period 7 and shift 1

forex sell if the

price of closing of the previous day is lower than sliding average with peiod 7 and shift1.

we put 'trailing stop' 15 points. Forex stop-loss is 25-30 points. closing is by loss, trailing stop or at the end of the day

if you can not be constantly in internet, just put fixed stop-loss=30 points and take-profit-65 points. in this case the income is lower and equal 15-20% in month forex trading

Forex Trading - Forex Live -on- the - News Webinar ...

2008-10-15T22:22:00.000-07:00

Dear Forex Trader,

Would you like to know how the world of Forex trading
Forex when news releases come out really works?

While no one can guarantee you forex trading profits - one of my trader collegues
- Dustin Pass has made forex trading the news his specialty, and believe me, he knows how it really works. He understands the pitfalls and the forex opportunity, and would like to share them with you...

Dustin will be discussing forex trading Forex live -on-the- news in a special Webinar event. You are invited to join this special presentation where Dustin will pull back the curtain on how forex news trading "really works" and whether it is right for you...

Register below for your 'virtual seat' for our "Forex Live-on-the-News" web seminar, where you'll be able to get a real-time preview of this powerful forex trading methodology...

About Forex Trading Method Number ONE

Free Forex Signals - Final offer - Is it possible to make 50 - 280 pips in minutes forex trading news releases

2008-10-15T22:11:00.000-07:00

Dear Forex Trader,
There is only one way to truly judge the power of forex trading new releases live... and that is to witness it for yourself - LIVE...

Now it is possible... only a few Forex Pro Trial spots are still available in the Forex Live-on-the-News forex Trading Room for this month - if you act fast...

The Forex Live-on-the-News Forex Trading Room service is definitely worth checking out...

To your success...

LIMITED OFFER - FIRST 100 PARTICIPANTS ONLY...
WATCH LIVE IN REAL-TIME WHILE CRITICAL NEWS
RELEASES HIT THE WIRES... AND WITNESS HOW IT'S
POSSIBLE TO TAKE $5,000 AND FOREX TRADE IT INTO $13,110
IN 90 DAYS...*

Discover how to enter and exit a forex trade at the very
time the Forex markets move 50 to 280 pips in
record time -- generating the potential for $500
to $2,800 in forex profits...*

My name is Dustin Pass... and I have a very simple
question for you... Would you like to make more
money with a lower risk of loss, in a less
stressful manner, and in a fraction of the time
you probably devote to forex trading now?
I can show you how and have the track record to
prove it...

Over the first eight months of 2006,
my calls on Forex trades made live while critical
news releases hit the wires scored an average forex pips
movement of 205. Many months coming in at over 310
pips...

To put that in perspective, if you started with an
account balance of $5,000 and trade conservatively
over a period of 90 days, with an average movement
of 205 forex pips, your forex account balance would grow to
$13,110...
You will discover exactly how it is done in the
Forex Live-on-the-News forex Trading Room...

Says Jacob Y., of Tulsa, OK, "You have
revolutionized my trading... I am up 295 pips from
the 10th with no losses. Today I just bagged 87
forex pips. Wow!"

Says Jonathan Smith of Palm Bay, FL, "By forex trading
your forex news plays I have doubled my account in only
three weeks..."

Says Scott S., forex trader and funds manager, "The
results of my own forex trading and the trading I do on
behalf of clients as a fund manager have
dramatically improved..."

Today you have the forex opportunity to become a full
member of the Forex Live-on-the-News forex Trading Room
on trial basis... This offer is limited to next
100 forex traders that sign-up, so you must act fast...
Click here to sign up for your forex live-on-the-
news forex trading room trial membership...

CLICK HERE for More INFO

Dustin Pass
Professional Forex Trader and Funds Manager

* Please remember forex trading currencies is very risky
and you may lose all or some of your forex investments.

* Past Results Performance Disclosure: Past
results are not necessarily indicative of future
results.

* General Risk Disclaimer: All forex Trading involves
risk. Leveraged forex trading has large potential
rewards, but also large potential risk. Be aware
and accept this risk before trading. Never trade
with money you cannot afford to lose.
All forex forecasting is based on forex statistics derived from
past performance of any forex trading methodology is no
guarantee of future results. No "Safe" forex trading
system has ever been divided and no one can
guarantee forex profits or freedom from loss. No
representation is being made that any account will
achieve forex profits or losses similar to those
discussed. There is no guarantee that, even with
the best advice available, you will become a
successful forex trader because not everyone has what it
takes to be a successful trader. The forex trading
strategies discussed may be unsuitable for you
depending upon your specific forex investment objectives
and financial position. You must make your own
investment decisions in of your own forex investment
objectives, risk profile, and circumstances. Use
independent forex advisors as you believe necessary.
Therefore, the information provided herein is not
intended to be specific advice as to weather you
should engage in a particular forex trading strategy or
forex buy and sell, or hold any financial product. Margin
Requirements, tax considerations, commissions, and
other transaction costs may significantly affect
the economic consequences of the forex trading
strategies or transactions discussed and you
should review such requirements with you own
legal, tax and financial forex advisors. Before engaging
in such forex trading activities you should understand
the nature and extent of your rights and
obligations and be aware of the risk involved.
Your actions and the forex results of your actions in
regards to any information you receive from
Forex Master Maker or any of its staff are entirely
your own responsibility. Forex MasterMaker or any
of its staff can not and will not assume liability
for any losses that may be incurred by the use of
any information received from Forex MasterMaker or
its staff. Any such liability is hereby expressly
disclaimed.

* Hypothetical Disclaimer: All results are
considered to be hypothetical unless otherwise
specified: Hypothetical performance results have
many inherent limitations. Unlike an actual
performance record, simulated results do not
represent actual forex trading. Also, since the trades
have not actually been executed, the results may
have under or over compensated for the impact, if
any, of certain market factors, such as lack of
liquidity.

No representation is being made that
any account will or is likely to achieve profits
or losses similar to those shown. In fact there
are frequently sharp differences between
hypothetical performance results and the actual
results subsequently achieved by any particular
forex trading program. Furthermore, only risk capital
should be used for leveraged trading due to the
high loss involved. One of the limitations
hypothetical performance results is that they are
generally [prepared with he benefit of hindsight.
In addition, hypothetical forex trading does not involve
financial risk, and no hypothetical trading record
can completely account for the impact of forex financial
risk in actual forex trading. For example the ability to
withstand losses (and incur account draw downs) or
to adhere to a particular forex trading program in spit
of trading loses are important issues which can
also adversely affect actual forex trading results.
There are numerous other factors related to the
forex market in general or to the implementation of any
specific forex trading program, forex method or forex system, which
cannot be completely taken into consideration with
hypothetical performance results and will affect
forex trading results and your P/L.

* Testimonials: Unique experiences and past
performances do not guarantee future results.
Testimonials herein are unsolicited and are non-
representative of all clients; certain forex accounts
may have worse performance than that indicated.
Forex Trading spot currencies involves substantial risk
and there is always the potential for loss. Your
trading results may vary. Because the risk factor
is high in the foreign exchange forex market trading,
only genuine “risk” funds should be used in such
forex trading. If you do not have the extra capital that
you can afford to lose, you should not forex trade in
the foreign exchange market. No “safe” forex trading
system has ever been devised, and no one can
guarantee forex profits or freedom from loss.

Read Easy forex trading MA System

Easy forex trading MA System

2008-10-15T21:41:00.000-07:00

Even at the most forex basic indicators can build a profitable forex system. This example has 2 muvinga periods of 21 and 70. After punching the price of a muvingov begins standby. If prices turned, not when you come to 2nd (older) muvinga, the entrance is carried out when forex crossing (or a little earlier), MA (21). Stop-loss is placed below the recent donyshka (peak). The forex system has drawbacks - one of them - the wrong forex signal at the conclusion of the forex trend. However, nesravnennoe advantage that it should always trend, contrary to the wishes of inexperienced players to play against him:)

More about How to use Presets for your forex expert.

How to use Presets for your forex expert.

2008-10-14T18:38:00.000-07:00

1 Open the inputs in the properties of the forex expert.

2 You set up expert the way you want it to trade.

3 Next you left click on save.

4 Next you give the file a name ( Barry macd 30may08)

5 Remember where you save it, the default is -- forex metatrader 4\experts\presets

6 Next time you put the forex expert advisor on the forex chart you left click Load in the properties of the expert and choose the name you save it under and high light it ( Barry macd 30may08) and click on open.

7 Now you have the setting in the input box.

8 If you want to sent the setting buy email click on attach, the popup box comes up with all of your computer files showing, go to (default is - metatrader 4\experts\presets) and find ( Barry macd 30may08) and high light it buy left clicking on the file.

9 Now left click on (Attach)

10 You now have the presets attached on the email.

How To refresh forex EAs and or forex Indicators without shuting down MT4

To refresh forex EAs and or forex Indicators without shuting down MT4

2008-10-13T21:21:00.000-07:00

1. Copy forex EAs and or forex Indicators to their proper directory

2. Fire up MetaEditor

3. Click on Compile (This would update MetaTrader Navigator's List)

4. Right Click on MetaEditor's Navigator list and then click on Refresh (This would update MetaEditor EA and or Indicator List)

How to tell forex Experts from forex Indicators - Read

Best trader info here http://www.e-junkie.com/trader-info?&pn=1

How to tell forex Experts from forex Indicators

2008-10-13T21:19:00.000-07:00

There is no file extension to distinguish between and forex Expert or forex Indicator. If you are not sure what you have, they you have to look at the code in MetaEditor. At the top of the code in MOST Experts there will be code such as Lots, Stop Loss, Take Profit, these would be Experts.

Most MT4 indicators with say Custom forex Indicator in the code, and MT3 forex indicators with have things such as Separate Window, First Color, Draw Type and things of that nature. I can not code a single thing, but I can read. Some Experts have a wealth of information written inside the code for easy understanding.

When you drag the Expert from the forex Expert Advisors folder in MetaTrader to the forex chart and let if go, that is when a pop up window should show up. On the common tab will be a box that says allow live forex trading, check it. Inputs tab will be to make changes to the code if it's allowed. Then click ok. Indicators taken from the Custom forex Indicators folder of MetaTrader will have a popup window as well, but no live forex trading. Just a list of settings, click ok and it should run.

If it's not, I would probably remove the Expert or Indicator from MetaTrader and try it again. I could be they are just in the wrong folders. Open the code to determine what it is, place it in the appropriate folder, compile it in that folder and start MetaTrader. From the Navigator menu, open forex Expert Advisors, drag the EA to the chart you want to run on and let it go, on the comon tab from the popup, click allow live forex trading and it should work. If it's an forex Indicator, it will be in the Navigator Menu under Custom Indicators.

Handy hedge free forex strategy

Handy hedge free forex strategy

2008-10-13T20:53:00.000-07:00

It’s a simple mechanical forex hedge trade of GBP/USD that I enter with a 5 pip take profit on the long and the same on the short ---- both trades are entered as closely to each others price as possible and the whole concept is based on the intraday reversals that EVERY forex currency goes through and the intraday reversals they make WITHIN the reversal! My spread is one pip!
I DO NOT USE A STOPLOSS!

I enter a minimum of 45 minutes before the forex market reversals in the US which can be considered as MAJOR at NOON, EST and MIDNITE, EST.

I use the minor reversals at 10:30 AM, 1:30 PM, 5PM, 8PM, 10:30 PM

NONE of these times are written in stone unfortunately, but on a very VERY high average hold true - sometimes the NOON reversal happens at 11:30 AM if the banks feel its time to reverse, but invariably the trade will come in if you get stuck there --- simply takes a few hours then.

I had been forex trading this without entering a weekend trade, but last week I did as an experiment and it cleared nicely came Sunday night --- I wouldn’t run right out and do that if I were you, but its something to consider.

if you observe the forex market, you will notice reversals every 1.5 hours ( WHICH USUALLY DO NOT ALTER THE LONGER TREND, such as on the H1), as the longs get out and the shorts come in (or the forex brokers now short the run-up to make THEIR profit against your long, or to simply hit your stop-loss, take your shares, and then run the price up again -- that way they make twice as much while you sit there wondering what happened to your nice profit on the long forex trade !

IF THE REVERSALS COME IN EARLY, count one and a half hours to expect the next -- somewhere on down the line the banks will get back on schedule, but its good to be ready for them a little early -- rather than late!

Essentially, that’s it --- cause there really isn’t much to it except leaving the basket under your floppy drive to catch the money dropping!

TEST IT --- it works for me, even when I enter late and suffer a days drawdown, but DONT enter LATE and don’t suffer, which is kind of simple to remember and is the ONLY rule I can think of.

The whole thing with the trade is the range of GU --- even if you get stuck in a trend change, the "noise" of the forex market with up and down movements at that point, will invariably take out your 5 pips!

But 5 pips here, and 5 pips there and do it enough times in a day, and then a week, and it begins to look like real money after a while.

It’s forex mechanical and has no rules except DONT ENTER LATE and while some probably think there is not much to be made, try throwing 5 or 10 lots on each side, 5X a day, and tell me then!

BTW - YOU don’t do that for a long long time - greed is what kills graveyard dead!

Another reversal time

the next hedge will be at 9:15 pm, est for the 10:30 pm reversal -- after that will be the 12 midnite reversal, and you place the hedge at 11:15 pm, est.

try it a few hundred times and i think youll like it

mp

I LOVE the intelligence of this thread, even when they nail me --- like a welfare child, your post fell thru the cracks and i apologize.

and as far as i remember, the times DO NOT change with standard or daylight savings time.

mp

Summarized Times

EST GMT - 45 minutes - 1 hour

1030 1530 1445 1430
1200 1700 1615 1600
1330 1830 1745 1730
1700 2200 2115 2100
2000 0100 0015 2400
2230 0330 0245 0230
2400 0500 0415 0400

Background

This trade is NOT affected in any way by the DAILY trend, but rather the absolutely NECESSARY intraday reversal trend and the point that the market makers reverse a trade so THEY can make money and grab more shares !

There are a few purposes behind these reversals, but mostly by stopping and reversing price the mm's get MORE shares at a lesser price to continue a bullish runup AND/OR they make money against your long by now shorting, where most people will now sell and they buy more shares at a lower price to short on the way down as people bail their long positions. Of course, reverse this for a forex market thats moving down!

Now at the bottom, because of averaging down, they own MANY shares at a lower price and now they run the price back up, taking profit on the long side with their cheaper shares !

Lets say they run a currency up to 1.9000, at which point they reverse down to 1.8000 - almost everyone except long term holders will bail their positions (its SO human nature) to take forex profit, as they sell at a steadily decreasing price OR THEIR STOP LOSSES ARE HIT !

DO YOU SEE SOMETHING IN THAT LAST FOREX STATEMENT ???

Now the price is down to 1.8000, the mm's now cover by buying all these shares but at a 1000 pip advantage to where the currency was 15 mins ago, and UP THEY GO AGAIN, with lots more shares to sell the retail trade, but they got em CHEAP !!

Its often called a "headfake" because they fake you into thinking the price will now go down forever, scaring you into selling or forcing your stop losses --- Its HOW the rookies loose money and the mm's do it with glee !

PRO traders are the BEST forex day traders in the business and are well rewarded for being so - their job is to MAKE money for the company they work for and not care much about how they do it !

FOREX Trading, at least to this person, is KNOWING what theyre doing more than simply knowing when to enter and when to exit ! Theres a lot of pros out there, and they dont give a rats rump about any of us - rather they really dont like us at all, but will quickly grab our money !

of course, when forex trading with no sl, one better know the trend and NOT trade against it !

love and kisses

EuroX2 - Forex Automated trading

2008-10-13T20:30:00.000-07:00

Hello Fellow Traders,

This is a tale of a disaster that happened to me that you should know about. It is about a commercial forex automated trading EA called EuroX2.

There are several attachments with this letter.

1. A detailed account statement and GIF of a demo I allowed to run from September 4, 2006 – January 9, 2007. This is NOT a backtest.

2. Screenshots (screen1, screen2, screen3, screen4) of the forex chart attached to the account from October to January. It was running on another computer prior to this.

3. A log off my friends (and my) LIVE ACCOUNT that was COMPLETELY wiped out by this forex automated trading EA.

About the demo. It made good money for a while, and the forex balance went up to about $17,000. However, it then lost 10K and went mostly downhill after that. I closed it at about $1,250. It had been down further than that.

This was the first forex automated EA I ever dealt with. I bought it, paid $100.00 for it. Before I did, I was told I could “backtest” it for free. Well I did. The backtest was FANTASTIC. I thought that if it was even a QUARTER as good as the backtest that it was all forex trader could ever want!

However, not being a total idiot, I put it on a demo and tested it for a few days. Boy, did I learn a lot about it in those few days.

I learned that it could be good and bad. The good I learned was that it needed to be WATCHED and if running during QUIET forex market hours, it would rack up small amounts of change. Even so, it still lost a lot, and sometimes closed trades unreasonably. The bad that I learned was that it had NO defense against a serious change in market direction. Once you got left behind, the forex trades kept running right where they were until your forex account was seriously depleted. Later with the demo, I watched it drop 10K before it closed its bad forex trades.

In the meantime, I had discovered lightpatch and the MT group, and had found a mellow forex hedge trader that did not have to be watched all the time. A few times I day I would check it and if the equity was past a certain point, I would close the entire thing manually. It didn't seem to close itself, but that was fine with me.

I had put the EuroX2 on the live forex account and ran it for a few evenings while I watched it closely. Then I turned OFF a few days before at the end of a short forex trading session. I know it was OFF, because the computer was ON and it was NOT trading.

I had decided to put the forex hedge trader on that night, and take a break and eat a leisurely dinner.

Before I did, I made CERTAIN that the EuroX2 was off.

I then turned on the hedge trader. I sat for about an hour watching to make certain again that all was well. It was. Nothing but the forex hedge trader was running. (See the “log” for more details on this).

I went about 10 feet away and started cooking dinner.

About the time I was halfway through eating, my broker called and said the account was dropping rapidly. They had been having trouble with their servers, and he was on night duty checking periodically to see if they were working. Normally there was no one there. He said that its normally a very quiet time of night, but the machine kept binging indicating that someone was forex trading, so he went over to see if there was a problem with the server, saw it was my account and called me. I jumped up, ran for the computer, and closed ALL forex trades as fast as I could. However, by that time the account was wiped out.

As you can imagine, I was totally unnerved to say the least, and to say I was not thinking clearly would be a RADICAL understatement. The money in the account belonged to a friend.

There is no way I can express the personal pain this has caused me. That's why I am warning YOU about what can happen.

The Importance of the Money Management

2008-10-12T17:00:00.000-07:00

Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.

It's important to understand the concept of money management and understand the difference between it and trading decisions. Money management represents the amount of money you are going to put on one trade and the risk your going to accept for this trade.

There are different money management strategies. They all aim at preserving your balance from high risk exposure.

First of all, you should understand the following term Core equity
Core equity = Starting balance - Amount in open positions.

If you have a balance of 10,000$ and you enter a trade with 1,000$ then your core equity is 9,000$. If you enter another 1,000$ trade,your core equity will be 8,000$

It's important to understand what's meant by core equity since your money management will depend on this equity.

We will explain here one model of money management that has proved high anual return and limited risk. The standard account that we will be discussing is 100,000$ account with 20:1 leverage . Anyway,you can adapt this strategy to fit smaller or bigger trading accounts.

Money management strategy

Your risk per a trade should never exceed 3% per trade. It's better to adjust your risk to 1% or 2%

We prefer a risk of 1% but if you are confident in your trading system then you can lever your risk up to 3%

1% risk of a 100,000$ account = 1,000$

You should adjust your stop loss so that you never lose more than 1,000$ per a single trade.

If you are a short term trader and you place your stop loss 50 pips below/above your entry point.
50 pips = 1,000$
1 pips = 20$

The size of your trade should be adjusted so that you risk 20$/pip. With 20:1 leverage, your trade size will be 200,000$

If the trade is stopped, you will lose 1,000$ which is 1% of your balance.

This trade will require 10,000$ = 10% of your balance.

If you are a long term trader and you place your stop loss 200 pips below/above your entry point.
200 pips = 1,000$
1 pip = 5$

The size of your trade should be adjusted so that you risk 5$/pip. With 20:1 leverage, your trade size will be 50,000$

If the trade is stopped, you will lose 1,000$ which is 1% of your balance.

This trade will require 2,500$ = 2.5% of your balance.

This's just an example. Your trading balance and leverage provided by your broker may differ from this formula. The most important is to stick to the 1% risk rule. Never risk too much in one trade. It's a fatal mistake when a trader lose 2 or 3 trades in a row, then he will be confident that his next trade will be winning and he may add more money to this trade. This's how you can blow up your account in a short time! A disciplined trader should never let his emotions and greed control his decisions.

Diversification

Trading one currency pair will generate few entry signals. It would be better to diversify your trades between several currencies. If you have 100,000$ balance and you have open position with 10,000$ then your core equity is 90,000$. If you want to enter a second position then you should calculate 1% risk of your core equity not of your starting balance!. It means that the second trade risk should never be more than 900$. If you want to enter a 3rd position and your core equity is 80,000$ then the risk per 3rd trade should not exceed 800$

It's important that you diversify your prders between currencies that have low correlation.

For example, If you have long EUR/USD then you shouldn't long GBP/USD since they have high correlation. If you have long EUR/USD and GBP/USD positions and risking 3% per trade then your risk is 6% since the trades will tend to end in same direction.

If you want to trade both EUR/USD and GBP/USD and your standard position size from your money management is 10,000$ (1% risk rule) then you can trade 5,000$ EUR/USD and 5,000$ GBP/USD. In this way, you will be risking 0.5% on each position.

The Martingale and anti-martingale strategy

It's very important to understand these 2 strategies.

-Martingale rule = increasing your risk when losing !

This's a startegy adopted by gamblers which claims that you should increase the size of you trades when losing. It's applied in gambling in the following way Bet 10$,if you lose bet 20$,if you lose bet 40$,if you lose bet 80$,if you lose bet 160$..etc

This strategy assumes that after 4 or 5 losing trades, your chance to win is bigger so you should add more money to recover your loss! The truth is that the odds are same in spite of your previous loss! If you have 5 losses in a row, still your odds for 6th bet 50:50! The same fatal mistake can be made by some novice traders. For example, if a trader started with a balance of 10,000$ and after 4 losing trades (each is 1,000$) his balance is 6000$. The trader will think that he has higher chances of winning the 5th trade then he will increase ths size of his position 4 times to recover his loss. If he lose, his balance will be 2,000$!! He will never recover from 2,000$ to his starting balance 10,000$. A disciplined trader should never use such gambling method unless he wants to lose his money in a short time.

-Anti-martingale rule = increase your risk when winning & decrease your risk when losing!

It means that the trader should adjust the size of his positions according to his new gains or losses.

Example: Trader A starts with a balance of 10,000$. His standard trade size is 1,000$
After 6 months, his balance is 15,000$. He should adjust his trade size to 1,500$

Trader B starts with 10,000$. His standard trade size is 1,000$
After 6 months his balance is 8,000$. He should adjust his trade size to 800$

High return strategy

This strategy is for traders looking for higher return and still preserving their starting balance.

According to your money management rules, you should be risking 1% of you balance. If you start with 10,000$ and your trade size is 1,000$ (Risk 1%). After 1 year, your balance is 15,000$. Now you have your initial balance + 5,000$ profit. You can increase your potential profit by risking more from this profit while restricting your initial balance risk to 1%. For example,you can calcualte your trade in the following pattern:

1% risk 10,000$ (initial balance) + 5% of 5,000$ (profit)

In this way, you will have more potential for higher returns and on the same time you are still risking 1% of your initial deposit.

MetaTrader 4 Forex Backtesting F.A.Q.

2008-10-12T16:52:00.000-07:00

I decided to write up this little tutorial, because backtesting different forex systems comes up very often in threads on this forum. There seems to be a lot of confusion about reliability issues and how to go about achieving the most accurate possible results. I am not a programming or forex trading guru, but I believe I can provide a helpful little FAQ on backtesting using MT4.
Good backtesting is important when considering a forex system-trading approach, because you want to have some idea of the feasibility of your idea before you go live with it [at least I do]. If you're backtesting with a 50% model quality, eh... you can't really be sure what's going on. If you have a 90% modeling quality, you can have more confidence on how your forex system actually would have performed.

+=========================+
MCBoogs' MT4 Backtesting FAQ v1.0
+=========================+

Contents:
- Section 1: Is MT4 Backtesting Reliable?
- Section 2: Downloading/Importing/Converting 1M Data
- Section 3: Configuring the Backtester
- Section 4: Other Issues

Section 1: Is MT4 Backtesting Reliable?

This question often gets pretty heated and people even get to the point of flaming each other about it. Backtesting in MT4 can be reliable, but its reliability is contingent upon the data you are backtesting on. Demo account data that is streamed in through a demo account forex broker has gaps, holes, and is basically not suitable for testing.
When backtesting, you want to use the EVERY TICK MODEL and have accurate 1M data to get the most accurate test possible. The forex 1M data is important, because the EVERY TICK MODEL uses whatever the smallest available timeframe available is and "fakes" the movement of price within the smallest available bars. Having 1M data allows for the fractal interpolation within bars to occurs only within the very narrow range of forex 1M bars.
The easiest [and only] solution to this is to use good 1M data. The most complete data you can get [at least for free] is from Alpari's Databank. They have data in MT native format, on the 1M timeframe back through mid 2004. However, setting up the data for use requires some doing.

Section 2: Downloading/Importing/Converting 1M Data

(1) You need to modify MT4 to allow for more bars. Go into the Tools Menu, then go to Options [or just hit C+O]. Go into the charts tab and put in 9999999999999 for bars in history. MT4 will default to whatever it's maximum is.

[Note: The reason MT4 has a limited forex bar count to begin with is because more bars (particularly when used in backtesting models) means MT4 is going to eat up more HD space.]

(2) Download the 1M data from Alpari's Databank in whatever forex currency[ies] you're going to test on.

(3) Import the data into MT4 using the History Center. Go to Tools => History Center [or push F2]. Make sure you import it in proper forex currency and in the M1 timeframe. You don't want EUR/USD data being important into USD/CAD for instance.

(4) Convert the data using the period converter script included in MT4 [you only have 1M bars right now]. You have to open offline forex charts to do this.
-Go to the File Menu, then Open Offline, select the 1M data of the currency you need to convert. A chart will pop up with that data.
-Then drag & drop the period_converter script onto the offline forex chart. The ExtPeriod Multiplier int that you can modify is the multiplier you are applying to the chart. So making it 5, will convert 1M data into 5M data.
-For simplicity's sake, you need to run the period converter with the following integers to get all the backtesting timeframes: 5,15,30,60,240, and 1440.

[NOTE: you can also convert 1M data to timeframes not native to MT4 if you want to do some forex indicator analysis or something on another timeframe.]

Congratulations, you have now imported and converted data into MT4. Now, for the sake of illustrating one of my earlier points, open up a currency you have imported data on. Look at the difference in the bars from the downloaded data as opposed to data streamed in from a Demo broker [So, if you downloaded 1M data from July 04 to August 05, look at the forex chart at August 05's end and September 05's beginning]. You will notice that the bars (on every time frime if you have converted them properly) from your downloaded time period will be more complete.

Section 3: Configuring the Backtester

Now that you've succesfully imported complete data, there are a few more things you need to do to run a reliable backtest.

(1) Check the recalculate option the next time you run a backtest, because you need the backtester to utilize your shiny new happy data (which it won't do unless you tell it). Anytime you import new data, you need to recalculate (I recalculate every few tests just to feel safe, maybe its a reflection of internal confidence problems, but that's for another FAQ).

(2) Check the use date option and set the date range only over a time period where you have good reliable data. This way you're only backtesting the good stuff. It will be reflected in the modeling quality percentage.

(3) Make sure the model is set to EVERY TICK. If you're not, all this hard work we just did was for nothing. I addressed why we do this earlier in the FAQ.

Section 4: Other Issues

MT4 is a work in progress, sometimes there are strange bugs that crop up in backtesting. However, usually when you think you have a bug on your hands, there is something wrong with your code. I can't emphasize enough how important debugging is. If you have problems, check your code first because it's probably the problem. If you really think you have a legit bug on your hands, post it to the MT4 forex forums.
Because you are not actually backtesting on every tick that happened [you are dealing with an interpolation on 1M data], it is still not a perfect reproduction of what actually happened in the markets. Because of this, 1M and 5M forex scalping EAs that get in and out of trades really quickly will run into some problems just because of this limitation. The longer timeframe you are trading on, the less likely your testing is to be hampered by this.
Well, that's all I can think of now. I read this over, I think I made everything clear and have the steps outlined correctly. If you notive a mistake, let me know, and I'll correct it in my next version of the MT4 Backtesting FAQ.

Acknowledgements:
I learned most of what I know about MT4 and forex trading in general from these forums and others like it. Thanks to all the people who contribute that have provided me with useful tidbits of information. There are too many names [and some of them are weird, have lots of numbers in them, etc.] to list, but a serious thanks to all the forex Strategy Builder contributors out there.
Best of luck in the markets everyone.

EuroX2 - Forex Automated trading

MetaTrader Forex Brokers List

2008-10-12T16:50:00.000-07:00

.:: Admiral Investments and Securities Ltd. http://www.forextrade.ru/

.:: Alpari Ltd. http://www.alpari-idc.com/

.:: APEX FX Trading http://www.apexfxtrading.com/

.:: Bull Trend Brokerage http://www.bulltrend-bg.com/

.:: FiboGroup http://www.fibogroup.com/ maybe… spreads maybe a pip larger… OFFER CFD’s

.:: EuroForex Development LLC. http://www.euroforex.net/ US based

.:: fxTeam http://www.fxteam.ru/ samr as North Finance?

.:: Financial Network Worldwide Ltd. http://www.forexservice.net/ Russian only?

.:: FinMarket Ltd. http://www.finmarket.com.ua/ Ukraine

.:: Forex Global Investment LLC http://www.forexgi.com/ US based limited range of X’s wide spreads

.:: Forex Ltd. http://www.forexua.com/ Ukraine.. multi lingual

.:: FX-Pro Ltd. http://www.fx-pro.com/ fixed spreads of 3 pts on majors.. rest ??

.:: IC Vector Securities Ltd. http://www.icvector.ru/ no english

.:: Inforex Introducing Broker http://www.inforex.org/ non anglais either

.:: Integral Bank http://www.fxintegral.com.ua/ Russian

.:: Interbank FX http://www.interbankfx.com/

.:: Jaguars Investment LLC http://www.jaguarsinvestment.com/ bad link

.:: Joy Financial Group http://www.joyfg.com/ Asian.. English doesn’t seem to work

.:: KVB Kunlun New Zealand Limited http://www.kvbkunlun.com/ Hong Kong/NZ 5 pt spreads

.:: Lefco Bank http://www.lefco.ru/ Russian language

.:: Livingston Investment Inc. http://www.mytrustbank.com/ Russian language

.:: Man Financial (S) Pte Ltd http://www.manfinancial.com.sg/

.:: MIG Investments Group LLC http://www.miginvest.com/ bad link

.:: Orion Global Financial Services http://www.orionbrokers.com/ English/Arabic offices US Dubai and Swiss

.:: Performance Forex GmbH http://www.eforex-asia.com/ Phillipines based

.:: Real Trade Ltd. http://www.realtrade.lv/ Virgin Is USA and Russia, Ukraine

.:: STS Finance SC http://www.finance.sts.bg/ Bulgarian based 25 X’s + Indices spreads not too bad.. FX Pro offers Spread of 1~3 pips..

.:: Teletrade D.J. International Consulting Ltd. http://www.teletrade.ru/ Front office in Hong Kong

.:: The Commercial Group http://www.cgtim.com/ site under construction

.:: TradeFXDirect.com, Inc. http://www.tradefxdirect.com/

.:: Ukrsotsbank http://forex.ukrsotsbank.com/ Russian language

.:: Windsor Brokers Ltd. http://www.windsorbrokers.biz/ Cyprus based

.:: X-Trade Sp. z o.o. http://www.x-trade.biz/ Warsaw based big range of x’s

.:: FXBest http://www.fxbest.ru/ Russian Language

.:: ManFinancial http://www.manfinancial.com.sg/en/

.:: SNC investment http://www.sncinvestment.com/ US based

.:: FXDirectDealer http://fxdd.com/ worth a look US based

.:: Neurex http://www.neurex.de/ paypal?

http://www.northfinance.com/ free visa?

http://www.liteforex.org/ English doesn’t seem to be working

http://www.tradexgroup.com/ CHF based US and Latvia sales offices

http://www.pfgfx.com/ London, Moscow and US 3~5 pip spreads could be ok

http://www.forexua.com/ faster than North Finance??

http://forex-arabia.com/ Jordanian based bank 2~3 pip spreads

http://www.tradexgroup.com/

http://www.neuimex.com/ worth looking at

http://www.fastbrokersfx.com/ 2 pips? US based

http://www.fastbrokers.com/ 2 pips?

http://www.fibogroup.com/ good reports?

http://www.finance.sts.bg/ Indices?

http://www.finance.sts.bg/
may be worth a look

www.swissnetbroker.com

The Importance of the Money Management

How to put a forex Indicator in a chart.

2008-10-12T16:49:00.000-07:00

Go to my computer.
Find your Metatrader program.
Click Double click on it.
You will see list of folders.
The 3rd is experts folder.
Double click on it.
Now you see the 3rd folder is indicators folder. C:\Program Files\Interbank FX Trader 4\experts\indicators
Remember where the indicators folder is.
Now go to the Email and click on the attachment
Now click on save
Now click on browes
Now go to where you remember where the indicator file folder was and double click on it.
You now the indicator file in the save box.
Now click on save
Go to your platform and close and then restart.
You now have the indicator in the Navigators Custom Indicators.
Now left click on the indicator you want drag to the chart.
You are done.

For all which want reliable backtest

Best FOREX Indicators - Only if you need

For all which want reliable backtest

2008-10-12T16:48:00.000-07:00

- Download 1 minute data for EUR/USD from 2004.06.16 to 2005.10.11 (at "Formats - MT, XPO, MetaStock" the monthly datas):
http://www.alpari-idc.com/en/dc/databank.php

- In Metatrader click on Tools/History Center and then on Forex/EURUSD/1 Minute (M1). Import all downloaded *.hst files

- Click on Tools/Options and then on Charts. Put in "Max bars in history" a very high number (99999999999999)

- Open a 1 Minute (M1) chart and doubleclick the "Period_converter" script from the left Navigator
Put at Inputs/ExtPeriodMultiplier the number 5 and hit OK. Now the 5 Minute history is created from the 1 minute history datas. It should be immediately completed. No notification about the completion. After some seconds, doubleclick "Period_converter" again and put at Inputs/ExtPeriodMultiplier the number 15 and hit OK. Now the 15 minute history is created from the 1 minute history data. Do this as often as needed for all the time periods you want run backtests. Have a look into the 'History Center' to make sure the convertions were successful. For example, click on '5 minute' and scroll down, the last date should be the 2004.06.16 where you have history data for the 5 minute period.

- Now in the Strategy-Tester choose the "Use date" option and put in the testperiod from 2004.06.16 to 2005.10.11, click on 'recalculation' and run the tests. After the test is completed you should see in the 'Report'-Tab a modelling quality about 90% which means very accurate results. You have then a backtest for 1.3 years.

ATTENTION:
Use MT4 build 182, it seems more reliable. The version with build 183 have failures in the backtesting. Compare backtests between MT4 build 182 and MT4 build 183 and you will see it!
MT4 build 182 can you get here:
http://www.strategybuilderfx.com/platform.php

DOCUMENATION for WRR_ZUP_INFO_v02 .mq4 forex Indicator to Complement ZUP :: successful forex trader

DOCUMENATION for WRR_ZUP_INFO_v02 .mq4 forex Indicator to Complement ZUP :: successful forex trader

2008-10-11T19:47:00.000-07:00

Rev 00
Issued 2008.06.16

Forex Indicator INTRODUCTION
In response to a number of requests, I have re-written my ZUP _ v67.01_WRR _ZUP_INFO.mq4 forex indicator to make it compatible with multiple versions of ZUP for forex trading. I am calling this new indicator WRR_ZUP_INFO_v02.mq4. Following, is a description of what it does and the settings for it.
This forex indicator also needs the ZUP indicator on the chart set up to show Gartley patterns for it to work.

The main purposes for, and features of, the WRR_ZUP_INFO forex indicator are as follows. It will display a text block saying what type of pattern ZUP has made (Gartley, Butterfly, Bat or Crab), if the pattern has “failed,” if there is no pattern, what timeframe or period the chart is on and the chart instrument or pair. The text block also indicates the risk for the forex trade and the range in which the pattern is valid or somewhat valid. The text block can be moved anywhere on any window including forex indicator sub-windows.

It will alert when there is a pattern change. It will draw a 100% fib expansion on Gartleys to show if there is an AB=CD confirmation. It will allow one to change the background property and colours of the D Point Rectangle drawn by ZUP. It will also allow one to forex automatically and instantly make a screen shot every time a new pattern forms, fails or there is no pattern, then save it to a file.

There are a few more adjustments that can be made to the forex indicator, all of which are documented below. The main settings for the forex indicator are noted in green. The other settings for the indicator are noted in blue. Important notes are shown in red.

FOREX INDICATOR COMMON TAB SETTINGS

To function properly, this forex indicator must be installed after the ZUP indicator. A source for the ZUP indicator is noted near bottom of this document.

**** VERY IMPORTANT **** TO GET the WRR_ZUP_INFO INDICATOR TO WORK AND TO GET ZUP TO WORK, one must check the box "Allow DLL imports" in the Common Tab of the indicators’ properties ON BOTH INDICATORS. If “Allow DLL imports” is not selected in ZUP, nothing will show up. If “Allow DLL imports” is not checked in WRR_ZUP_INFO, an error message alert will show up and it will not run.

**** VERY IMPORTANT **** Always install ZUP first then WRR_ZUP_INFO after ZUP. This is because WRR_ZUP_INFO needs to read the most current data from ZUP. If one installs WRR_ZUP_INFO first, then its performance will be delayed.

FOREX ALERT SETTINGS

It has 3 different types of forex alerts, one that alerts when ever there is a new pattern (PatternAlertON = true), a second that forex alerts if there is a pattern failure (FailedPatternAlertON = true) , and a third that alerts when the last pattern is removed by ZUP i.e. No Pattern Now (NoPatternAlertON = true) . All alerts can be turned off together with the (AllAlertsOFF = true) setting. On the old version, the alerts would always sound for forex charts with patterns every time the forex indicator was started or the period was changed on the charts. On this version these problems have been reduced.

When I wrote the original version, I placed Global Variables in the ZUP code to make data accessible to my indicator since this seemed like an easier way to code it. However, there are so many new versions of ZUP coming out all the time, this turned into a make work project. So this new version of my indicator detects the triangle and rectangle objects that ZUP draws for the patterns. This indicator should now work with multiple versions of ZUP with no modifications required to the ZUP code, provided the ZUP settings are correct.

ZUP SETTINGS

Following are the current settings I use in ZUP. I don’t know how they all work but at a minimum, the bolded ones should be considered.

extern string ________________0_____________ = "Parameters for ZigZag";
extern int ExtIndicator = 11;//WRR default is 11 for Gartley Patterns
extern int minBars = 8;//this varys slightly on some versions
extern int minSize = 55;//this varys slightly on some versions

// Ïåðåìåííûå îò ZigZag èç ÌÒ
extern int ExtDeviation = 5;
extern int ExtBackstep = 3;
// Ïåðåìåííàÿ äëÿ nen-ZigZag
extern int GrossPeriod = 1440;
//----
extern double minPercent = 0;
extern int ExtPoint=11; // êîëè÷åñòâî òî÷åê çèãçàãà äëÿ çèãçàãà Talex
extern bool ExtStyleZZ = true;

extern string ________________2_____________ = "Parameters for Pesavento Patterns";
extern int ExtPPWithBars = 0;
extern int ExtHidden = 1;
extern int ExtFractal = 7;
extern int ExtFractalEnd = 7;
extern int ExtFiboChoice = 2;
extern bool ExtFiboZigZag = false;
extern double ExtDelta = 0.04;
extern int ExtDeltaType = 2;
extern int ExtSizeTxt = 10;//WWR default 7, try 10
extern color ExtLine = DarkOrange;//WRR default DarkBlue, try DarkOrange
extern color ExtLine886 = LimeGreen;//WWR default Purple, try Yellow
extern color ExtNotFibo = DarkOrange;//WRR default SlateGray, try DarkOrange
extern color ExtPesavento = LimeGreen;
extern color ExtGartley886 = GreenYellow;
color colorPPattern;

The colours one chooses are one’s personal preference. Some say the best patterns are those with the most or all Fibonacci numbers. These are the ones labelled by the ExtGartley886 colour so make sure they stand out. The next best patterns are the ones with the most ExtPesavento numbers.

extern string ________________3_____________ = "Parameters for Gartley Patterns";
extern int maxDepth = 33;
extern int minDepth = 3;
extern bool DirectionOfSearchMaxMin = true;
extern int NumberPattern = 1; //WRR default set for only one pattern
extern int ExtGartleyTypeSearch = 0; //WRR default= 0, 2=historical
extern int ExtHiddenPP = 1;
extern bool ExtGartleyOnOff = false;
//extern int VarDisplay=0;
extern int maxBarToD = 100;//WRR default was = 15, 0=historical, set at 100 so pattern stays visible more bars after it is formed. If this is set too low, then often the pattern will be removed from the chart as soon as it fails and WRR_ZUP_INFO will go from a pattern to No Pattern Now, skipping the FAILED message. This setting is also good to pick up big patterns and ones that are slow to start moving in flat market.
extern bool RangeForPointD = true;
extern color ExtColorRangeForPointD = DarkGrey;//so red candles show up better extern color ExtColorPatterns = Blue;
extern string ExtColorPatternList = "Blue,DarkGreen,Navy,Sienna,MediumBlue,RoyalBlue,DodgerBlue,CornflowerBlue,LightSkyBlue,SlateBlue,MediumSlateBlue,SlateGray,LightSteelBlue";
extern double ExtDeltaGartley = 0.09;
extern double ExtCD = 0.886;

extern string ________________12_____________ = "Common Parameters";
//--------------------------------------
extern color ExtObjectColor = CLR_NONE;
extern int ExtObjectStyle = 1;
extern int ExtObjectWidth = 0;
extern bool ZigZagHighLow = true;
// --------------------------------
// Äîïîëíèòåëüíûå ôèíêöèè
extern bool ExtSendMail = false;
extern bool ExtAlert = false; this setting will alert every time a ZigZag draws a new bar (changes direction). It is too irritating to have it on (true) when the market is flat as it sends too many alerts but it is handy as a tool to signal direction change. It is not necessary to have this alert in ZUP on for the WRR_ZUP_INFO indicator to work.
// Âûâîä îáúåêòîâ â âèäå ôîíà
extern bool ExtBack = true;
// Ñîõðàíåíèå ñòàòè÷åñêèõ âèë Ýíäðþñà, Fibo Time è ò.ä.
extern bool ExtSave = false;
extern bool infoTF = false;//set to true if one wants to see average true range for different chart periods, range numbers and pattern names created by ZUP. These are the same range numbers and pattern names as in WRR_ZUP_INFO. Normally the comments from infoTF don’t show up due to interference with the comments of other indicators or infoTF gets in the way of the comments of other indicators if not set to false.
extern int ExtComplekt = 0;
//===================================

“D” POINT RECTANGLE SETTINGS
The rectangle that ZUP draws with each pattern denotes the price range where the “D” point or entry point of the XABCD pattern is valid or somewhat valid. The indicator determines the high and low value of this rectangle then calculates it’s range and the distance of price from the pattern failure point. The minimum and maximum price range where the pattern is valid is the same information as is available when ZUP is set to show one pattern and the ZUP infoTF switch is turned on.

The code for a "FAILED" pattern is now corrected. Before, if the pattern "failed" a while ago but the price came back into range, ZUP_v67.01_WRR_ZUP_INFO.mq4 would call the pattern valid when it was not.

Trading the Patterns
For entering bullish patterns, the low value of the rectangle range would be the maximum risk or minimum price level where one might want to set a stop. For entering bearish patterns, the high value of the rectangle range would be the maximum risk or maximum price level where one might want to set a stop. If price moves beyond these points then the pattern has failed and the indicator optionally sends an alert. A new bullish pattern can also be used as a signal to exit a short trade and a new bearish pattern can also be used as a signal to exit a long trade.

One may find that Gartley’s on higher timeframes are the most reliable to trade followed by 1.618, 1.272 and 2.618 Butterflies.

I found that the default setting on ZUP for the “D” point rectangle that draws only an outline of the rectangle blocked my view of the wicks on candles. For this reason I added a feature to optionally make the rectangle solid and in the background so that the wicks can always be seen (RetangleInBackground = true). The colour of the rectangle can be changed with this setting (RetangleColour = DarkGray).

FIB EXPANSION SETTINGS ON GARTLEYS
Many Gartley traders agree that a true Gartley pattern must have pattern segment AB equal to CD. Therefore, the indicator will optionally draw a single Fibonacci Expansion line at the 100% expansion level to show where point D should end on a proper Gartley pattern when (ShowABeqCD_FibExpGartley = true). It will remove the single fib line either when the Gartley Pattern fails (RemoveFibExpGartley_if_FAIL = true), or when the Gartley Pattern is not on the chart (RemoveFibExpGartley_if_FAIL = false). The colour of the fib line can be adjusted here: (ABeqCD_FibExpGartleyColour = Red).

SCREEN SHOT SETTINGS
In addition, the indicator will optionally, instantly make a *.gif screenshot of the chart each time the indicator is launched to show what if any pattern was there upon start up and make further screen shots the moment a new pattern forms, fails or is removed by ZUP. I added the screen shot feature to make it easier to debug and understand WRR_ZUP_INFO’s alerting behaviour but it may be useful for some people so I left this code in (ScreenShotWhenPatternChange = false). Make sure one turns screen shots to false when not needed as the screen shot files will take up a lot of space on one’s hard drive with the setting set to true.

Screen shot files are named in the following format:

Currency Pair, Chart Period, date time of the Chart i.e. ChartYYYYMMDD HHMM SS, date time of the local PC i.e. (LocalYYYYMMDD HHMM SS milliseconds), Pattern Name, . For example:

AUDUSD 5M Chart20080613 0559 05 Local20080612 2359 53 632 Bullish Gartley Initially.gif

Note that “Initially” will not show up again in any file names unless MT4 is restarted or the chart is changed.

These files are created in the C:\Program Files\ \experts\files\WRR_ZUP_INFO Screen Shots directory. The “WRR_ZUP_INFO Screen Shots” sub-directory is created automatically by the indicator if it does not already exist.

When (ShowScreenShotsOnLabel_3_ON = true) a label will be drawn on the chart noting that automatic screen shots is turned on. The label will disappear when automatic screen shots is turned off or if the setting is changed to false, but changing ShowScreenShotsOnLabel_3_ON to false does not turn off screen shots – it only turns off the label. The recommended setting is to always leave it as true to help remember to turn off screen shots when not needed.

One can adjust the screen shot gif file picture size by changing the (ScreenShotWidth = 1088) and the (ScreenShotHeight = 612) settings. This is handy if one wants to post smaller screen shots on forums or to get the gif files to fit on your picture viewing software without having to resize or scroll. Smaller numbers make a smaller screen shot. Play around with this to see what is best.

LABEL SETTINGS
Corner = "br", sets which corner of the chart to draw the labels where “tl" = top left, "tr" = top right, "bl" = bottom left and "br" = bottom right.
OffsetTopBottom = 0, adjusts the overall height in points that the labels are from the Corner selected. One may want to set this to 10 if using screen shots with WRR_ZUP_INFO labels set to bottom left corner so the Metaquotes logo is not blocked on the screen shot.
OffsetLeftRight = 0, adjusts the overall distance left or right in points that the labels are from the Corner.
The above two settings allow the labels to be placed anywhere one wants in the window.
FontSize = 10, is the font size for the labels
FontType = "Arial Black", is the font type for the labels.
FontColour = DarkOrange, is the label font colour.
LabelsInBackground = false, sets the labels to over-write other objects.
SpaceBetweenLines = 4, adjusts spacing between lines of text (may need if changing font size).
WindowNumber = 0, main window is zero, indicator windows are 1 through how many are on chart. This allows labels to go in another indicator’s window such as MACD to save space on the main chart. If one turns off the Visualization for say the MACD indicator for the active chart on which one wants the labels, the labels will not be visible.

AllLabelsOFF = false, turns off all labels.
PatternAndFileNameLabel_1_ON = true, turns on Label_1 (the first row of the labels)
DisplayFileNameInLabel_1 = true, turns off the file name of the indicator in label 1.
RiskAndRangeLabel_2_ON = true, turns on Label_2 (the second row of the labels)
ShowScreenShotsON_Label_3 = true, usually leave as true so one knows that Screen Shot is on unless it is in the way. One does not want to forget about Screen Shot being on and have one’s hard drive fill up.

COMMENT SETTING
ShowFileNameInComment = false, turn on or off Standard MT4 title Comment in top left corner of chart. This shows the file name of indicator. Normally leave this set to false so it doesn’t block comments of other indicators.

KNOWN ISSUES
1) Often labels and indicator window charts will not be captured by the automatic screen shot.
2) Sometimes on start up or chart changes while data is loading, alerts for current patterns trigger. You can silence most subsequent alerts on chart changes by cycling through each chart period once after start up.

Anyone who knows how to fix these, please advise.

APPENDIX

I send big thank you to Eugeni Neumoin known as nen, the developer who wrote the ZUP code. It is truly amazing work.

An interview with nen can be found at this link: http://championship.mql4.com/2007/news/219

The Russian forum for the development of the ZUP indicator is found on this thread:
http://onix-trade.net/forum/index.php?s=&showtopic=118&view=findpost&p=220949

One may also find nen's ZUP indicators at the beginning of this thread:
Harmonic Trading
http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading.html#post10385

Another discussion of harmonic price patterns can be found on this thread:
Price Patterns(Gartley,Butterfly,Bat,...)
http://www.forex-tsd.com/harmonic-trading/885-price-patterns-gartley-butterfly-bat.html

Discussion of the old version of WRR_ZUP_INFO_v02.mq4 (i.e. ZUP_v67.01_WRR_ZUP_INFO.mq4) starts around page 11, post 108 of this thread:
Price Patterns(Gartley,Butterfly,Bat,...)
http://www.forex-tsd.com/harmonic-trading/885-price-patterns-gartley-butterfly-bat-11.html

This new version, WRR_ZUP_INFO_v02.mq4 is found on page 26, post 251 - 254 on this thread.
Price Patterns(Gartley,Butterfly,Bat,...)
http://www.forex-tsd.com/harmonic-trading/885-price-patterns-gartley-butterfly-bat-26.html#post216143

A further discussion of harmonic patterns is found on this thread:
Harmonic Trading
http://www.forex-tsd.com/harmonic-trading/11443-harmonic-zigzags.html

Forex Trading ECN Lesson

2008-10-11T19:44:00.000-07:00

Pros:
You can usually get better bid/ask prices since they come from several sources
Variable spreads between bid and ask may give no spread or tiny spreads at times
If they are a true ECN, they will not be forex trading against you but will pass on your orders to a bank or another customer on the other end of the transaction.
You will be able to offer a price between the bid and ask with a chance of it getting filled
If they support Stop-Limit orders, you can prevent slippage during news by making sure that your order either gets filled at the price you want or not at all
Prices may be more volatile which will be better for forex scalping

Cons:
Many do not offer integrated forex charting
Many do not offer integrated forex news
Many of the forex trading platforms are less user-friendly
Because of variable spreads (between bid and ask,) it may be more difficult to calculate stop loss and profit target in forex pips beforehand.
Examples of some ECNs*:

http://www.mbtrading.com
http://www.efxgroup.com
http://www.hotspotfx.com
http://www.interactivebrokers.com

* Some of these "ECNs" may not be true ECNs, and you may be going through a dealing desk. It is impossible to verify for sure because of the lack of regulation governing forex brokers.

It is important that you carefully look into the pros and cons of each forex broker before choosing the one which best suits your needs. You may also wish to have several broker accounts to mitigate the risks, and so that you can compare bid/ask prices and trade on the broker with the best prices for the direction you wish to forex trade.

Because of the unregulated nature of forex, US brokers are not required to keep your money in an untouchable account that only you can have access to if they were to collapse.

As customers of Refco (was one of the world's largest forex brokers) found out, their unprotected accounts made them unsecured creditors, and thus are less likely to get their money back than those who had given secured loans to Refco. What this means is that the customers' money was used to pay other creditors.

The moral of the story is this:

Deposit as little money with your forex broker as you need for forex trading, and withdraw your profits when they exceed a certain amount. Keep the rest of your trading capital in your own bank accounts which are probably government-insured.

RSI-R2 – SUPER RSI forex Expert Advisors Frequently Asked Questions

2008-10-10T20:27:00.000-07:00

History: (from www.tradingmarkets.com/.site/stocks/commentary/editorial/The-Improved-R2-Strategy.cfm)

The Improved R2 forex Strategy: 84% Correct with Just 6 Rules
By Larry Connors & Ashton Dorkins

TradingMarkets.com
February 21, 2007

In early 2005, we published the R2 forex Strategy on TradingMarkets which quickly became one of our more popular forex strategies. The forex strategy was also presented at "The Traders Expo" in Fort Lauderdale last year. In the "MoneyShow.com Best Webcasts of 2006" it was voted the number one presentation in the "Best for Traders" category. We recently updated and improved our research, leading to this article that shares our latest findings with you.

What is the Improved R2 forex Strategy?

The Improved R2 forex Strategy is a simple six-rule forex Market Timing Strategy which uses the 2-period RSI as its primary tool. Our research has shown that there is little statistical evidence using the standard 14-period RSI. But, when you shorten the period to a 2-, 3- or 4-period RSI, test results significantly improve. By using the 2-period RSI as we do here, you can see back-tested results of 84.31% correct in the S&P 500 Index going back to 1995 (12 years).

Here are the Rules:

The SPX is above its 200-day simple moving average (you can use any S&P 500 derivative product, including the SPYs, E-minis, etc).

Day 1 - the 2-period RSI is below 65. This tells us that the market is in a neutral to possibly oversold condition.

Day 2 - the 2-period RSI closes lower than Day 1.

Day 3 - the 2-period RSI closes lower than Day 2.

Buy the market (SPX, SPY, E-mini, etc) on the close Day 3.

Exit when the 2-period RSI closes above 75.

Comment by EA Author: The forex EA only references the closing values of RSI for the prior three days. Whatever RSI is doing during the current day has no bearing on anything and will not be taken into consideration for any forex signals. Therefore, a forex signal is generated immediately after closing of the 3rd day if all of the criteria are met, and that forex signal will be valid all day during the 4th day.

EA development history
Peter Henry introduced this concept to this trading group after trying to get forex EA programmed by members of Forex-TSD . He explained that this forex method had been designed for stocks but had universal appeal and can be applied to any market. He then posted within this Yahoo news group requesting help in designing an forex EA, as Forex-TSD members produced an forex EA but did not make the code public. Bluto responded and took on the project from there on. Peter’s original post.

www.forex-tsd.com/expert-analysis/6494-rsi-r2-84-accurate.html

Then, a Yahoo MT Group member known as Bluto picked up the above story and developed an EA titled RSI-R2, which evolved in version 1.0 to 1.3. At that point, Bluto decided to add further refinements but keeping the code unavailable (Versions 1.4 onwards). At about the same time, another member (Dave Roland) developed the same forex EA but able to trade ALL forex currencies without needing to open a chart for each and add the forex EA into it manually. That EA's title is: Multipair RSI. It also developed several versions.

How it works

In layman's terms, this is how the RSI-R2 Ver 1.1 forex EA works:

With each new tick, the EA is called and control passes to the init_start() mainline
function. First, we perform the money management option via the "Calc_Money_Management()" function call if the value of the UseMoneyMgmt variable is set to true. This function calculates the appropriate lot size to use based on available equity and the "RiskPercent" setting. If money management is disabled, the value of the default "LotSize" variable is used.
-Then-
Using a daily timeframe, first, get the closing value of RSI three days ago (RSI_Day_1), the closing value of RSI two days ago (RSI_Day_2) and the value of RSI one day ago (RSI_Day_3) . Also, get the closing value of a 200-day simple moving average one day ago (SMA200_Day3). We will analyze the behavior of a short term RSI over the prior three days as our primary buy/sell trigger.
-Then-
Check for forex Buy Signal: We're looking for a decreasing value of RSI over the past three days into a deeper oversold status as price remains above SMA200. If the value of RSI_Day_1 < 65 and the value of RSI_Day_2 < RSI_Day_1 and the value of RSI_Day_3 < RSI_Day_2 and the value of Closing Price from one day ago is SMA200_Day3, we have a forex Buy signal, so set the boolean Buy Flag (Buy_Mode) to True, otherwise set it to false.
-Then-
Check for forex Sell Signal: We're looking for an increasing value of RSI over the past three days into a deeper overbought status as price remains below SMA200. If the value of RSI_Day_1 35 and the value of RSI_Day_2 RSI_Day_1 and the value of RSI_Day_3 RSI_Day_2 and the value of Closing Price from one day ago is < SMA200_Day3, we have a forex Sell signal, so set the boolean Sell Flag (Sell_Mode) to True, otherwise set it to false.
-Then-
Before we act on any potential signals that may have fired, we do some housekeeping on any order that may already be open. The forex EA only allows one sell or one buy order to be open at a time. If we have an open Buy order in progress and the value of RSI_Day_3 75, we close the order because RSI is entering extreme overbought status (reversal coming?) If we have an open sell order and the value of RSI_Day_3 < 25, we close the order because RSI is entering extreme oversold status.
The order closures would actually happen on the opening bar of day 4 since we're on a D1 timeframe.
We then update trailing stop using Parabolic SAR. Managing these stops can cause an order to stop out if things get nasty.
-Then-
We now act on any new forex buy and sell signals:
- If we have a new forex buy signal and there isn't a buy order already open (OpenBuyOrders = 0), we check first to see if a sell order may be open and if so, we close it. Then we simply open a new buy order and increment the open buy order counter (OpenBuyOrders++). The counter keeps us from opening multiple buy orders since we only want one. - If we have a new forex sell signal and there isn't a sell order already open (OpenSellOrders = 0), we check first to see if a buy order may be open and if so, we close it. Then we simply open a new sell order and increment the open forex sell order counter (OpenSellOrders++). The counter keeps us from opening multiple sell orders since we only want one.

That's it. Control then passes back to MT4 via the last statement of "return(0)" in the init_start() routine until the next tick occurs and calls the forex EA at which point we repeat the entire process again.

I hope that this helps clarify what the forex EA is doing under the hood.
-bluto

Forex Indicators used with the EA (not required to use the EA):
For those interested in knowing what is "under the hood" of the forex EA, there is a list of indicators which can be utilized with the EA.

R2_Arrows_v4 is and indicator for RSI_R2 EA by TransportDavid. It places buy/sell arrows. He also made another forex indicator for Robert's Optimized EA. (AnyMA_Rsi_R2_Indi_Opt.mq4)

Forex Indicator written just for bluto's Super RSI does not exist at this time. But you can use R2_Arrows_v4 on it. It is close although not 100% since bluto's Super Rsi have some additions.

With both forex EA you can also use another forex indicator which is regular RSI with daily dots on top of it, so you can easy see follow forex buy sell rules. Made by Accrete. Name RSI_LiDo.mq4 (included in V. 1.9)

The most recent versions (June 16, 2007) of this forex EA are
AnyMA_RSI_R2_EA_Opt.mq4 - Robert
Super RSI Ver. 1.7.ex4 - Bluto
Super RSI Ver. 1.8.ex4 - Bluto
Super RSI Ver. 1.9.ex4 - Bluto
Super RSI Ver. 1.9.1.ex4 - Bluto

These versions use the same logic, the same forex method, but they are different enough to try them. Robert is using addition filter HMA3.mq4. With Robert's EA you can play with different Moving Averages, not only simple as in original forex method. You can also try many different (trailing) stops.

Bluto's EAs offer two different exits. Default is parabolic stop. If you want to use his trailing stop, you should turn off parabolic stop (lots of Q’s on this below).

What else? Open all charts on DAILY timeframe, put EA and both forex indicators on each chart, let EA use default settings - optimized RSI. Each, Bluto's and Robert's EA use different optimized RSI numbers.

Roberts numbers you will find inside EA in the code, and Bluto's optimized numbers you will find in setting menu of EA. Don't forget to enter correct RSI setting into each forex indicator for every chart. Remember, each chart have it's own RSI settings.

Both EA's use Daily forex charts.

The RSI-R2 EA FAQ: mostly replies by Bluto (43) to questions (38). New with V. 1.9: “Authors comments”

Q: Bluto, are you using this forex EA (on Daily charts) on all of the forex currency pairs or just the 4 majors? Also, when you say "15 lots per forex signal", are these standard lots or mini lots and which broker are you using? Thank you.

A: I'm running the forex EA on a chart for every pair. It should work equally well for any pair. I'm using 15 mini-lots @ IBFX. And yes, those would be daily forex charts. The EA is coded to use daily RSI & SMA forex signals.
-bluto

Forex Trading ECN Lesson
More about forex market http://www.e-junkie.com/trader-info?&pn=0

Intersection of fast and slow lines. forex lessons

2008-10-10T20:07:00.000-07:00

In this case, indicators calculated by their algorithm.

Blue (long) line shows the forex "strategic" direction of the trend.

Red (short) line indicates the direction of movement of prices.

Long positions. Opening:

1.We are waiting for the price of crossing the red line and blue line.

2. We are waiting for education eighth after crossing the bar.

3.If the price does not kasnulas red line and blue + red and growing distance between the red and blue lines grows opens.

Closing: Closed during the next bar after the previous close below the red line. In this case the profit amounted to 114 points.

A short position is open to the nearest vice versa.

NoahDePhan, 10Pips

2008-10-09T19:00:00.000-07:00

This method dedicates to GP_US, but can also apply to other pair.

(But if you success with GP_US, why try other? . By focus studying and trading only 1 pair, you will gain more experiences. The more exp. you get, the less or NON lost you bear. Remember, you only need 1 trade per day, gain 10 pips only to make 150K per year.)

THE STRATEGY

Study more, do not rush, do not greedy, patient, patient…
The successful in FOREX is not how many trades you gain per day , neither how much pips you gain per trade, but minimum or NOT lost any trade.
You only need gain 10 pips per day, consistently with minimum or almost NON lost to make 150-200 K/ year.
You can do it if and only if you make 10 pips / day NO LOST.
The PLAN math:
You open an account for $1000.
You make 1 trade a day (2 in most but just say only one for sure),
and 2 mini lot, make $20/day x 5 day = $100./week/ $400/month.
Do this for 2 months—January & February
March 2005-acct. 1,600, you trade 4 mini lots, make $800.
April 2005-acct. = 2400, trade 6 lots make 1200
May 2005-acct. = 3600, trade 8 lot make 1600
June 2005-acct. = 5200, trade 10 lot, make 2000
July 2005-acct. = 7200, trade 15 lot, make 3000
August 2005-acct. = 10,200 switch to standard account,
trade 2 STD LOTS, make 1000/week, 4K per month.
September 2005-acct. = 14,200 trade 3 STD LOT, make 6K
October 2005-acct. =20.2K trade 4 STD LOT, make 8K
November 2005-acct. = 28.2K trade 6 std lot make 12K
December 2005-acct. = 40.2K trade 8 lot make 16 K.
Total for year, app. 56K.
After 1 year, from 1K , you make 16 K / month, 192K per year ( and so on if you want, and after 1 year experience, then you can make 2 trades per day)
All of that is ONLY 10 PIPS/ TRADE/ DAY IF and ONLY IF you gain 100% ( or almost) 10 PIPS.
(I think most of us could live on this type of income--don't get greedy)
See you next 12 months, may be we start a club call " 10 PIPS CLUB"

THE METHOD

A. Set up light : ( From left to right) and save setting.
1. 720- SHORT- 480- 240
2. 720- 15- 60 180
You set up lights as above, when you change light set, it will be faster, the software only needs to change the different light, which one the same will not.
B. Check lights:
Check #1 light set:: 720- SHORT- 480- 240 at 7:05 AM, & 19:05 PM ( EST.) (or any time).
We do not care & need direction of SHORT &720 trends ( left to right), we only put attention in the last 2 to 4 time frames.
No Packman on any lights.
All light must same color, ANGLE & SEPARATE, red & green run parallel (or divergently) at least in 1-1/2 to 2 time frames for SH & 720, red & green run parallel 2 to 5 time frames for 480 & 240.( they can be slightly convergent)
Chart can be ANGLE in green & RED in 3:00 O'clock with slightly committed to green.( less 3:00 for UP_GREEN, more than 3:00 for DOWN_RED) No Packman.

How much separate ? the width between red & green about more than half the width of two vertical line in chart. If you can put the mouse cursor between red & green, it good separated.
C. Check current price. Put the mouse in the last 2 time frames of 720.
- Take the HIGHEST & LOWEST as HI & LO ( we call it PRE_DAY HI_LO.)
HI: 1.9450, 1.9380, LO : 1.9360, 1.9320, PRE_DAY = HI = 1.9450, LO = 1.9320
- Minus HI - LO = RANGE (R)
i.e. 1.9480 - 1.9320 = 160 pips = R
- MIdle range ( MR ) = R/2
160 / 2 = 80 pips. = MR
- Take 25% of R : 160 x 0.25 = 40 pips call it R3
- R3 must be bigger than 45 pips, if NOT, choose R3 = 45 pips.
- Minus HI – R3 ( or 45) : 1.9480 – 45 = HI_up
1.9480 – 45 = HI_up = 1.9435
- Add LO + R3 ( or 45) = LO_up
1.9320 + 45 = LO_up = 1.9365
- From LO_up to HI_up, we call Enter Range ( ER ) ( from 1.6365 to 1.9435 )
Only enter a trade when the current price ( Enter price) between Enter Range ER. (i.e. from 1.6365 to 1.9435)
If the price broke out ER, WAIT UNTIL IT BACKS IN ,we re-calculate HI, LO, R, MR, HI-up, LO-up, ER
Check #2 light set:: Any time, we need all lights same color with SH & 720 , (condition as above).
180-60-15 Angle & Separate, run parallel more than 1 time frame. ( they can be slightly convergent, but NOT tough of run vertically _flat)
We do not need Fresh in the last 2 time frames , but if they were, better.
When every thing meet the condition, ENTER ( market order).
Put Stop loss 80 PIPS,
PUT LIMIT 10 PIPS ONLY.

Maximum 2 trades per day, 1 in evening and 1 in day time ( EST)

RSI-R2 – SUPER RSI forex Expert Advisors Frequently Asked Questions

Best forex Strategies http://scalping.forex-stock-info.com

A New Exit Strategy - The ATR Ratchet By Chuck LeBeau

2008-10-09T17:03:00.000-07:00

Recently I've been doing quite a bit of research on new systems for stock trading. The research is on behalf of a new hedge fund that will be starting later this year. The fund will be managed by Tan LeBeau LLC, the company that funded this research project. After some serious internal discussion about the advantages of keeping this new exit strategy a company secret, the LLC has graciously given me permission to share this discovery with our System Traders Club members. Here is a bit of background on how the new exit strategy came about.

In the process of testing various exit strategies for our stock trading systems we found that we needed a profit-taking exit that performed somewhat along the lines of the Parabolic SAR but that could be made more flexible and easier to code and apply. We found that the Parabolic was hard to use because it was often on the opposite side of the market from our trades or it was starting from a point that was too low for what we wanted. After spending a great deal of time with the Parabolic we decided it was not helpful for the particular systems we were creating. As an alternative to the Parabolic exit we decided to test some new exit ideas based on my extensive work and experience with the Average True Range. After a great deal of tinkering and experimentation we were pleased to learn that the new exit strategy worked surprisingly well for profit taking and had many very useful features and applications. I decided to name this new exit strategy the "ATR Ratchet".

The basic idea is quite simple. We first pick a logical starting point and then add daily units of ATR to the starting point to produce a trailing stop that moves consistently higher while also adapting to changes in volatility. The advantage of this strategy over the original Parabolic based exit is that when using the ATR Ratchet we have much more control of the starting point and the acceleration. We also found that the ATR based exit has a fast and appropriate reaction to changes in volatility that will enable us to lock in more profit than most conventional trailing exits.

Here is an example of the strategy: After the trade has reached a profit target of at least one ATR or more, we pick a recent low point (such as the lowest low of the last ten days). Then we add some small daily unit of ATR (0.05 ATR for example) to that low point for each day in the trade. If we have been in the trade for 15 days we would multiply 0.05 ATRs by 15 days and add the resulting 0.75 ATRs to the starting point. After 20 days in the trade we would now be adding 1.0 ATRs (.05 times 20) to the lowest low of the last ten days. The ATR Ratchet is very simple in its logic but you will quickly discover that there are lots of moving parts that perform a lot of interesting and useful functions; much more than we expected.

We particularly like this strategy because, unlike the Parabolic, the ATR Ratchet can easily be implemented any time we want during the trade. We can start implementing the stop the very first day of the trade or we can wait until some specific event prompts us to implement a profit-taking exit. I would suggest waiting to use the exit until some minimum level of profitability has been reached because, as you will see, this stop has a way of moving up very rapidly under favorable market conditions.

The ATR Ratchet begins very quietly and moves up steadily each day because we are adding one small unit of ATR for each bar in the trade. However the starting point from which the stop is being calculated (the 10 day low in our example) also moves up on a regular basis as long as the market is headed in the right direction. So now we have a constantly increasing number of units of ATR being added to a constantly rising ten day low. Each time the 10-day low increases our ATR Ratchet moves higher so we typically have a small but steady increase in the daily stop followed by much larger jumps as the 10 day low moves higher. It is important to emphasize that we are constantly adding our daily acceleration to an upward moving starting point that produces a unique dual acceleration feature for this exit. We have a rising stop that is being accelerated by both time and price. In addition, the ATR Ratchet will often add substantial additional acceleration in response to increases in volatility during the trade.

The acceleration due to range expansions is an important feature of the ATR Ratchet. Because markets often tend to show wider ranges as the trend accelerates the ATR will tend to expand very rapidly during our best profit runs. In a fast moving market you will typically find many gaps and large range bars. Because we are adding multiple units of ATR to our starting point, any increase in the size of the underlying ATR causes the stop to suddenly make a very large jump that brings it closer to the high point of the trade. If we have been in the trade for forty days any increase in the ATR will have a forty-fold impact on the cumulative daily acceleration. That is exactly what we want it to do. We found that when a market was making a good profit run the ATR Ratchet moved up surprisingly fast and did an excellent job of locking in open profits.

Keep in mind that this exit strategy is a new one (even to us) so our experience and observations about it are still very limited. However I am going to discuss a few observations about the variables that might help you to understand and apply this exit successfully.

Starting Price: One of the nice features about the ATR Ratchet is that we can start it any place we want. For example we can start it at some significant low point just as the Parabolic does. Or we can start it at a swing low, a support level, and a channel low or at our entry point minus some ATR unit. If we wait until the trade is fairly profitable we could start it at the entry point or even somewhere above our entry point. The possible starting points are unlimited; use your imagination and your logic to find a starting point that makes sense for your time frame and for what you want your system to accomplish. Our idea of starting the Ratchet from the x day low makes it move up faster than a fixed starting point (as in the Parabolic) because the starting point rises repeatedly in a strong market. If you prefer, you could just as easily start the Ratchet at something like 2 ATRs below the entry price and then the starting point would remain fixed. In this case the Ratchet would move up only as the result of accumulating additional time in the trade and as the result of possible expansions of the ATR itself.

When to Start: We can very easily initiate the exit strategy based on time rather than price or combine the two ideas. For example, we can start the exit only after the trade has been open for at least 10 days and is profitable by more than one ATR. My general impression at this point is that it is best to implement the ATR Ratchet only after a fairly large profit objective has been reached. The ATR Ratchet looks like a very good profit taking exit but I suspect it will kick you out of a trade much too soon if you start it before the trade is profitable.

As I mentioned, one of the things I like best about the ATR Ratchet is its flexibility and adaptability. Here is another idea on how to start it. We can start it after fifteen bars but we don't necessarily have to add fifteen ratchets. The logic for the coding would be to start the Ratchet after 15 bars in the trade but multiply the ATR units by the number of bars in the trade minus ten or divide the number of days in the trade by some constant before multiplying the ATR units. This procedure will reduce the number of ratchets, particularly at the beginning of the trade when the exit is first implemented. Play around with the ATR Ratchet and see what creative ideas you can come up with.

Daily Ratchet Amount: After testing it the daily Ratchet amount we chose when we were first doing our research turned out to be much too large for our intended application. The large Ratchet amount (percentage of ATR) moved the stop up too fast for the time frame we wanted to trade. After some trial and error we found that a Ratchet amount in the neighborhood of 0.05 or 0.10 (5% or 10% of one 20-day average true range) multiplied by the number of bars the trade has been open will move the stop up much faster than you might expect.

As a variation on this strategy the very small initial Ratchet can always be increased later in the trade once the profits are very high. We could start with a small Ratchet and then after a large amount of profit we could use a larger daily Ratchet increment. There are all sorts of interesting possibilities.

ATR Length: As we have learned in our previous uses of ATR, the length that we use to average the ranges can be very important. If we want the ATR to be highly responsive to short term variations in the size of the range we should use a short length for the average (4 or 5 bars). If we want a smoother ATR with less reaction to one or two days of unusual volatility we should use a longer average (20 to 50 bars). For most of my work with the ATR I use 20 days for the average unless I have a good reason to make it more or less sensitive.

Summary: We have just scratched the surface on our understanding of the possibilities and variations of the ATR Ratchet as a profit taking tool. We particularly like the flexibility it offers and we suspect that each trader will wind up using a slightly different variation. As you can see, there are many important variables to tinker with. Be sure to code the Ratchet so it gets plotted on a chart when your are first learning and experimenting with it. The ATR Ratchet is full of pleasant surprises and the plot on the chart will quickly teach you a great deal about its unusual characteristics.

Be sure to let us know if you come up with any exciting ideas on how to apply it.

Good luck and good trading.

More about Elder Stops

Elder Stops

2008-10-09T17:01:00.000-07:00

Your money management stops belong in the forexmarket. They represent your maximum allowable risk level, which you may not violate under any circumstances. If your technical analysis stops are closer to the forex market, you may hold them in your mind as you monitor prices and are prepared to exit if those levels gets hit.
Here, I want to share with you two advanced forex methods for placing stops. Try to program them into your forex software and test them on your forex market data. Until now, I have never disclosed SafeZone to traders, except to small groups in Trader’s Camps, where I like to share my latest research. It is my principle not to withhold information from my books. I write as I trade and maintain my edge not by secrecy but by developing new forex methods.

The SafeZone Stop

Once in a trade, where should you put your stop? This is one of the hardest questions in technical analysis. After answering it, you’ll face an even harder one—when and where to move that stop with the passage of time. Put a stop too close and it’ll get whacked by some meaningless intraday swing. Put it too far, and you’ll have very skimpy protection.
The Parabolic forex System, described in “Trading for a Living”, tried to tackle this problem by moving stops closer to the market each day, accelerating whenever a stock or a commodity reached a new extreme. The trouble with Parabolic was that it kept moving even if the market stayed flat and often got hit by meaningless noise.
The concept of signal and noise states that the trend is the signal and the nontrending motion is the noise. A stock or a future may be in an uptrend or a downtrend, but the noise of its random chop can obscure its signal. Trading at the right edge is hard because the noise level is high. I developed SafeZone to trail prices with stops tight enough to protect capital but remote enough to keep clear of most random fluctuations.
Engineers design filters to suppress noise and allow the signal to come through. If the trend is the signal, then the countertrend motion is the noise. When the trend is up, we can define noise as that part of each day’s range that protrudes below the previous day’s low. When the trend is down, we can define noise as that part of each day’s range that protrudes above the previous day’s high. SafeZone measures market noise and places stops at a multiple of noise level away from the market.
We may use the slope of a 22-day EMA to define trend. You need to choose the length of the lookback period for measuring noise level. It has to be long enough to track recent behavior but short enough to be relevant for current trading. A period of 10 to 20 days works well, or we can make our lookback period 100 days or so if we want to average long-term market behavior.
If the trend is up, mark all downside penetrations during the lookback period, add their depths, and divide the sum by the number of penetrations. This gives you the Average Downside Penetration for the selected lookback period. It reflects the average level of noise in the current uptrend. Placing your stop any closer would be self-defeation. E want to place our stops farther away from the market than the average level of noise. Multiply the Average Downside Penetration by coefficient, starting with two, but experiment with higher numbers. Subtract the result from yesterday’s low, and place your stop there. If today’s low is lower than yesterday’s, do not move your stop lower since we are only allowed to raise stops on long positions, not lower them.
Reverse these rules in downtrends. When a 22-day EMA identifies a downtrend, count all the upside penetrations during the lookback period and find the Average Upside Penetration. Multiply it by a coefficient, starting with two. When you go short, place a stop twice the Average Upside Penetration above the previous day’s high. Lower your stop whenever the market makes a lower high, but never raise it.
I anticipate that SafeZone will be programmed into may software packages, allowing the traders to control both the lookback period and the multiplication factor. Until then, you will have to do your own programming or else track SafeZone manually (See Table 6.1). Be sure to calculate it separately for uptrends and downtrends.
Here are the rules for calculating the SafeZone using an Excel spreadsheet. Once you understand how it works, try to program SafeZone into your technical analysis software and superimpose its signals on the chart. Compare the numbers from the spreadsheet and the trading software. They should be identical; otherwise, you have a programming error. Comparing results from the two software packages helps overcome pesky programming problems.
Rules for Longs in Uptrends When the trend is up, we calculate SafeZone on the basis of the lows because their pattern determines stop placement.
Obtain at least a month of data for your stock or future in high-low-close format, as shown in Table 6.1 (lows are in column C with the first record in row 3).
Test whether today’s low is lower than yesterday’s. Go to cell E4, enter the formula =IF(C3>C4,C3-C4,0) and copy it down the length of that column. It measures the depth of the downside penetration below the previous day’s range, and if there is none, it shows zero.
Choose the lookback period and summarize all downside penetrations during the time. Begin with 10 days and later experiment with other values. Go to cell F13, enter the formula =SUM(E4:E13), and copy it down the length of that column. It will summarize the extent of all downside penetrations for the past 10 days.
Mark each bar that penetrates below the previous bar. Go to cell G4, enter the formula =IF(C4Count the number of downside penetrations during the lookback period, in this case 10 days. Go to cell H13, enter the formula =SUM(G4:G13), and copy it down the length of that column. It will show how many times in the past 10 days the lows have been violated.
Find the Average Downside Penetration by dividing the sum of all downside penetrations during the lookback period by their number. Go to cell I13, enter the formula =F13/H13, and copy it down the length of that column. It will show the Average Downside Penetration for each day, that is, the normal level of downside noise in that market.
Place your stop for today at a multiple of yesterday’s Average Downside Penetration below yesterday’s low. Multiply yesterday’s Average Downside Penetration by a selected coefficient, starting at 2 but testing as high as 3, and subtract the result from yesterday’s low to obtain today’s stop. Go to cell J14, enter the formula =C13-2*I13, and copy it down the length of that column. It will place a stop two Average Downside Penetrations below the latest low. If today’s low penetrates yesterday’s low by twice the normal range of noise, we bail out.
Refine the formula to prevent it from lowering stops in uptrends. If the above formula tells us to lower our stops, we simply leave it at the previous day’s level. Go to cell K16, enter formula =MAX(J14:J16), and copy it down the length of that column. It will prevent the stop from declining for three days, by which time either the uptrend resumes or the stops is hit.
Rules for Shorts in Downtrends
When the trend is down, we calculate SafeZone on the basis of the highs because their pattern determines stop placement.
Obtain at least a month of data for your stock or future in high-low-close format, as shown in Table 6.1 (highs are in column B with the first record in row 3).
Test whether today’s high is higher than yesterday’s. Go to cell L4, enter the formula =IF(B3>B4,B3-B4,0) and copy it down the length of that column. It measures the height of the upside penetration above the previous day’s range, and if there is none, it shows zero.
Choose the lookback period and summarize all upside penetrations during the time. Begin with 10 days and later experiment with higher values. Go to cell M13, enter the formula =SUM(L4:L13), and copy it down the length of that column. It will summarize the extent of all upside penetrations for the past 10 days.
Mark each bar that penetrates above the previous bar. Go to cell N4, enter the formula =IF(B4 < B3 ,1,0) and copy it down the length of that column. It will mark each upside penetration with 1 and no penetration with 0.
Count the number of upside penetrations during the lookback period, in this case 10 days. Go to cell O13, enter the formula =SUM(N4:N13), and copy it down the length of that column. It will show how many times in the past 10 days the highs have been violated.
Find the Average Upside Penetration by dividing the sum of all upside penetrations during the lookback period by their number. Go to cell P13, enter the formula =M13/O13, and copy it down the length of that column. It will show the Average Upside Penetration for each day, that is, the normal level of upside noise in that market.
Place your stop for today at a multiple of yesterday’s Average Upside Penetration above yesterday’s high. Multiply yesterday’s Average Upside Penetration by a selected coefficient, starting at 2 but testing as high as 3, and add the result from yesterday’s high to obtain today’s stop. Go to cell Q14, enter the formula =B13-2*P13, and copy it down the length of that column. It will place a stop two Average Upside Penetrations above the latest high. If today’s high penetrates yesterday’s high by twice the normal range of noise, we bail out.
Refine the formula to prevent it from raising stops in downtrends. If the above formula tells us to raise our stops, we simply leave it at the previous day’s level. Go to cell R16, enter formula =MIN(Q14:Q16), and copy it down the length of that column. It will prevent the stop from rising for three days, by which time either the downtrend resumes or the stops is hit.
To use SafeZone with your favorite stock or future during an uptrend, begin by multiplying the average downside penetration by the factor of three, and subtracting that from the low of the latest bar. Putting your stop closer than the average level of noise means asking for trouble, and even twice the average level is often too close. Once your system identifies an uptrend, SafeZone starts following prices, getting you out before the trend reverses. You can see that SafeZone stop as hit at points A, B, C, and D, catching the bulk of the uptrend and avoiding downdrafts.
The right edge of the chart illustrates why it is a good idea never to hold a stock below its SafeZone level. JEC is in a free fall, wiping out the profits of a month in just two days—a trader using SafeZone cashed out early in the decline.

Forex Education - Forex EA Testing Setup and Procedures

2008-10-09T16:56:00.000-07:00

1. Setting up a platform for testing:

· To test numerous forex trading EA’s or forex currency pairs, we want to setup and name a different platform for each forex EA and currency pair. When naming the platform, it may be best to name each platform with the forex currency pair that you are testing and from this time forward use this platform to only test that forex currency pair. This may seem cumbersome but this initial work makes testing results later 1000 times easier. The rule here is 1 EA per currency pair, per time frame, per platform. This will then mean only one output to forex review with no cross forex currency results or cross time frame results to pull out before evaluating the forex trade results. Now with these actual forward traded results accumulated, we can go and back test the forex EA against these results and evaluate the back testing of MetaTrader4.
· Open the currency pair chart window for the time frame to test.
· Load the chart template file associated with the forex EA. This template shows the forex indicators that the EA uses. At the end of the testing or each week, we will save the template with a name associated with the forex EA. This will save the trades executed that are displayed for further review. This template file can be sent to anyone at this point to see how the EA traded.

2. Account setup:

· Open a new account for the forex EA on the currency pair platform to be tested. Remember, 1 EA per currency pair, per time frame, per account. So for ex., if you are testing “Ultimate” EA on the 15 min chart on 4 forex currency pairs, you will need 4 different platforms setup.
· When filling out the application to set up the account, in the name field enter the name of the EA that you are testing. Ex Name: “Ultimate EA” this will then be displayed at the top of the reports that can be printed.
· Open a standard account for $10,000.00 and trade 1 lot sizes.

3. Attach your forex EA:

· Attach your forex EA to the correct currency pair and time frame to be tested. Remember to attach the forex EA to only 1 time frame per currency per MT4 forex platform. Hopefully this will not be necessary to do in the future if we can get something like Order History working or another forex program that Mick Mick has told me about that will strip out the needed information automatically instead. For now though this is the only way I see to do these studies and to separate the forex results.

4. Weekly reporting:

· After the trading week has ended you will need to go to the terminal window and open account history.
· Right click in the account history field and choose custom period.
· Set the beginning and ending period to go from before the market opened for the week to after the forex market closed for the week. Ex. Saturday to Saturday.
· Go back to account history field and right click again and click “Save as Detailed Report”.
· Name the report with these rules to allow for easy naming. “forex EA name, forex chart time period, start date of week” Ex. Ultimate 1HR 6_3 This will quickly and simply give us the forex EA name, the forex chart period it was run on and the start date of the test.
· Email the test results that you have now saved. Include in the subject line the name of the forex EA, time period, and forex currency pair.

5. Weekly back forex testing:

· It is now at this point you will look to do the weekly back testing of the forex EA on the same forex currency pair for that time period.
· Name the report with these rules to allow for easy naming. “EA name, chart time period, start date of week, back test” Ex. Ultimate 1HR 6_3 Back test This will quickly and simply give us the forex EA name, the forex chart period it was run on and the start date of the test and that it is the back test results.
· The results of the back test will also need to be saved
· You should look to see how the results compared between the forward traded results and how the back test performed at the end of the week.
· Proper setup for back testing and the procedures involved will follow. This will include checking and confirming the data that will be used for the back test and loading the additional data if required.

Best Currency Forex Strategies and Profitable Forex Systems

How to Insert and activate an forex Exper Advisor? Forex Tutorial

2008-10-09T16:42:00.000-07:00

This should be done in a demo account only. Use at your own risk.

1. Make sure that the forex trading Expert is in the right folder c drive > your Metatrader > experts
2. Make sure that you have the forex indicator and or forex indicators that go with it and that they are in the right folder too. c drive > your Metatrader > experts > indicators
3. Now that each of these is in the right folder open meta editor. Make sure they are compiled by opening each one at a time and clicking compile (mt4) verify (mt3). They should compile with no errors, can have warnings but no errors if they do, repost to the group.
4. Close the metaeditor if open
5 At the top of the screen you have File > View > Insert > Charts > Select Tools select Options .
6. In options tab Server > Charts > Objects > Trade > Expert Advisors select forex Expert Advisors
7. Make sure that Enable forex Expert Advisors and Allow live forex trading have check marks in the boxes click your mouse in the box. Close this by clicking OK.
8. In the navigator box find your expert click on it. Under common click on allow live forex trading then click on ok.
9. Make sure that it is on the right time frame.

If it will forex trade it should trade now.

But you must remember that a forex Expert Advisor only trades according to a set of rules being met not because it looks like a good trade. Depending on the expert it could take a week or a second or two only make one or two forex trades. Quality is what we seek first then quantity. So if your expert makes 5 trades that all lose vs a expert that only makes 1 and wins.

If you continue having problems post again someone should help you.

More Forex Expert Advisors

Forex Automated EA - Forex strategy ...

2008-10-09T11:07:00.000-07:00

Many thanks to Tkimble on the ForexFactory for the simple forex strategy that this forex EA is designed to manage.

Name: Rhythm Pair: Any Pair You like.

This is a simple Stop @ Reverse forex system. It should be able to be used with
Daily and weekly forex trading

Once trade is initiated the stop loss and reversals are equal. Example: the stop is placed at 40 PIPs and the reversal is likewise placed at 40 PIPs. When the stop is activated, the reversal is simultaneously activated. There is no limit on how
many reversals there can be in a day unless Max Trades variable is used

Forex EA- Variables:

Overrule Direction: = True/False forex EA makes next day forex trade decision on the basis of the previous Days forex trend (i.e.; previous day up, Place "Buy" forex market order, previous day down, enter "Sell" forex market order) Example: Yesterdays open/close positive = LongEntry) (Yesterdays open/close negative = ShortEntry) 00:00 >< 23:55 Set it to False if you want to choose your own initial entry direction

Direction Long: =True/False this is the manual way to either go Long or Short for your opening forex trade. If using this variable Overrule Direction should be set to True

EntryTime Hour: = Entry will execute on the Open of the hour chosen. 00:00 thru 23:00

ExitTime Hour: = 00:00 thru 23:00 Exit will execute on the Open of the preceding bar from exit hour chosen Example: exit set for 17:00 exit will execute on the open of the 18:00 bar.

Max Trades: = 0=False or 1,2,3,4 etc Set this variable if you want to limit on how many whipsaws you want in a day. EA will not take anymore forex trades for current day or week once variable is reached

TrailStop Once: = True/False (If set to True, Stop and Reverse order will move positive one time at the value of the Stop loss variable) Example: I am long at 1.2000 and I have my stop set at 1.1960 (-40) If price was to advance to 1.2040 then my Stop & Reverse orders would move positive to 1.2000 This would be the only positive move they would make.

Trailing Stop: = True/False (If set to True, Stop and Reverse order will move
every time price moves positive at the value of the Stop loss variable)

Stoploss: = Default 40 “Very important”. It is the Value that all Stops will use. (i.e.; TrailStop Once, Trailing Stop) It is the value that all Stop and Reverse orders are placed.

ProfitTarget: = 0=False, Default 120 If Profit Target or Time exit is not used than trade will remain open until manually closed or when Profit Target or Time exit is initiated and executed in the future.

Lots: = Default 0.1 Mini

The easiest settings for daily would be to pick your direction

Overrule Direction =True
Direction Long = True / False for short
EntryTime Hour = 00:00
ExitTime Hour= 23:00---------I have notice 16:00 and 17:00 maybe better exits
Max Trades = 0
TrailStop Once = false
Trailing Stop = false
Stoploss: = 40
ProfitTarget: = 0
Lots: = 0.1

For weekly: Just change ExitTime Hour to 0 trade will remain open

If you search: Forex Automated Reviews

How to trade Heikin-Ashi - Forex Signals

2008-10-09T10:52:00.000-07:00

Extracted from:www.investopedia.com/articles/technical/04/092204.asp
------------------------------------------
Using The Heikin-Ashi Trading Technique

There are five primary forex signals that identify forex trends and buying opportunities:- Hollow candles with no lower "shadows" indicate a strong uptrend: let your profits ride!- Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.- One candle with a small body surrounded by upper and lower shadows indicates a forex trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long.- Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.- Filled candles with no higher shadows identify a strong downtrend: stay short until there's a change in trend. These forex signals show that locating forex trends or opportunities becomes a lot easier with this forex system. The forex trends are not interrupted by false forex signals as often, and are thus more easily spotted. Furthermore, opportunities to buy during times of consolidation are also apparent

Learn Forex Education - Forex EA Testing Setup and Procedures

Goldminer indicator

2008-10-09T01:54:00.000-07:00

Once you set up the goldminer1 & goldminer2 like above on the 1 hour chart or above you are looking for the signals which are as follows :

RED + PURPLE ARROW = SELL

BLUE + YELLOW ARROW = BUY

How you exit will be determined by which timeframe you are using, I suggest using the same TP and SL i.e 30 pips TP 30 pips SL

Goldminer1 Goldminer2 Link download

How to tell forex trading Experts from forex Indicators

2008-10-08T22:02:00.000-07:00

There is no file extension to distinguish between and forex trading Expert or forex Indicator. If you are not sure what you have, they you have to look at the code in MetaEditor. At the top of the code in MOST Experts there will be code such as Lots, Stop Loss, Take Profit, these would be Experts. Most MT4 forex indicators with say Custom forex Indicator in the code, and MT3 forex indicators with have things such as Separate Window, First Color, Draw Type and things of that nature. I can not code a single thing, but I can read. Some forex trading Experts have a wealth of information written inside the code for easy understanding.

When you drag the forex trading Expert from the forex Expert Advisors folder in MetaTrader to the chart and let if go, that is when a pop up window should show up. On the common tab will be a box that says allow live forex trading, check it. Inputs tab will be to make changes to the code if it's allowed. Then click ok. Forex Indicators taken from the Custom forex Indicators folder of MetaTrader will have a popup window as well, but no live forex trading. Just a list of settings, click ok and it should run.

If it's not, I would probably remove the forex Expert or forex Indicator from MetaTrader and try it again. I could be they are just in the wrong folders. Open the code to determine what it is, place it in the appropriate folder, compile it in that folder and start MetaTrader. From the Navigator menu, open forex Expert Advisors, drag the forex EA to the chart you want to run on and let it go, on the comon tab from the popup, click allow live forex trading and it should work. If it's an forex Indicator, it will be in the Navigator Menu under Custom forex Indicators.

How to add a Magic Number to a FOREX AUTOPILOT EA

TRANSCRIPT OF AUDIO FILE #4496 OF PHILLIP - FOREX MARKET

2008-10-08T16:41:00.000-07:00

Right, I am going to run through the forex market motion one more time. I see a lot of people still doing counter forex trades, counter-trend trades against the forex trend. Like the one we discuss on the daily Wrapup about that Swissy coming back to the 21EMA.

This forex chart and this MP3, you got to have it in your heart, not in your head, in your heart. If you look at the purple rectangle on the forex chart, the price break through the 89SMA blue line. Point 1, 2, 3 and 4 are just there to let you know that you can establish your forex market breathing or channel or whatever you want to call it so that you can know in what or between which boundaries does the forex market moves.

But the main thing is to remember when the price break through the 89 SMA, up or down, it doesn’t matter, as it will come back to the 21 EMA which it did and then it went up to the red number 3 on the trend line, then it came back to that red circle 21 EMA.

All those red circles are all high probabilities forex trades. They are all of the 21 EMA because we are in an up-trend; except for 4, 5 and 6. 4 is from the 89 SMA as well as the 365 EMA. It gave a nice morning star there. It was highly oversold on the MACD, below the 45 line, horizontal line and that was a high probability trade. So, the forex market moves away from the 89 SMA, pull back to the 21 EMA, then it move away, pull back to the 21 EMA, moves away, pull back to the 21 EMA.

The only time you do counter- trades, counter -trend trades is when your Risk/Reward Ratio (R/R Ratio) down to the 21 EMA and your stop loss is 1 to 1. But remember, sometime, it only come back to the 8 EMA. You need to keep that in mind as it is a high risk forex trade unless, if you see just right of number red 3 on top, you will see a lot of bars finding resistance there. If you do a trade somewhere around there, you will be probably very safe to come down to the 21 EMA. That’s how you do it.

The blue circle on top is a counter- trend trade. If you look at the 2nd blue one, you will see that the price come below the 21 EMA and the rule says that; at the end of a run, if it will push below the 21 EMA, it tend to pull back to it, sometime it goes a bit through it and then it come down to the 89 SMA. It’s exactly what happens there.

If you look at the bottom window on the MACD, the pink circles 1, 2 and 3, look at that noise there. You cannot trade the MACD like that, you gone be killed, there is no way you can do it. You have to stick with the motion of the market, around the 21 EMA, around your support and resistance lines, that’s the way to do your deals and it is very important to know that. You have to stick to that, there is no other way you are going to survive by taking every forex signals.

I still hear people on skype and talking about MACD being busy forming a round top and then there is still a 2 or 3 hours to go. You cannot do that, I mean, you can do it but it is not the way your focus should be. Your focus should be around the price movement, where it is in relation to the moving averages, where it is in relation to your forex trend lines, where is the movement in relation to your support and resistance lines. That is the way your focus should be. That is: when the MACD gives the forex signals, all that homework as been done already.

If I am sitting there in front of a 4 hours candle, if I got time to sit there for 4 straight hours, I am analyzing the forex market. I go to a monthly chart and draw my trend lines, then I go to the weekly’s one, do some in between minor trend lines or support and resistance lines. Then I go to the daily and then go to the 4 hours. Eventually, up and down according to the motion and the rules: what do I anticipate this price is going to do? Is the current movement within the rules? Is it within the system or not? If it is not, I just close it and I walk away. I don’t even think of forex trading. I do rather 4 or 5 good trades a month then do 10 of which only 4 was good and come breakeven at the end of the day. So, it is not about taking every forex signals.

Also, another thing that I want to emphasize is not to jump around between 10 currencies. Because you can get a wrong one at forex currency number one, then you jump to forex currency number 3 and get another wrong one and then you jump to currency number 8 and get another wrong one, where if you stick at currency number 1, the next forex signal would have been a good one and maybe the one after that as well. So, instead of having 3 wrong ones in 3 different currencies, you could have 1 wrong and 2 right in the same forex currency.

So be very careful no to jump around according to MACD forex signals. You’ve got to look at each pace, motion in relation to the moving averages and in relation to your support and resistance lines. Then, look at forex market emotions as I said in that summary.

Number red 5, you will see there is a morning star, if you look at 6, there is also a morning star. If you look at number 4 there is also a morning star. That is how you determine the emotions of the forex market, there is emotions involved in those candles. They tell me that those things have got high probabilities of moving in the right direction. That’s how I do it.

Get your focus on the rules, write it down, make yourself a little copy of this forex chart and write on it or next to it and try to see and look where the forex market is satisfying this type of motion. That is where your high probabilities forex trades are because, then, the Tsunami is over, it means the playing ground is over, this thing got direction now, there is a certain motion, there is a certain rhythm in it and you are going to flow in that rhythm. When you go counter-trend trade, you know that you go against the rhythm and you got to make it very sure that there is enough forex pips available to do that in a Risk/Reward Ratio, it could be 1 to1 or better, then you take it on.

You got to get this in your heart otherwise you are not going to make it.

3 Simple moving average Fractal forex system

4H MACD PRICE MOVEMENT RULES – FOREX SIGNALS

2008-10-08T16:32:00.000-07:00

Rule number:

1. Your focus should be around the price movement in relations to:1.1 MA, trendlines, support and resistance levels and big numbers.
1.2 Then look for the MACD to confirm forex signals.

2. Homework on price movement should have been done before looking at the MACD forex signals

3. Don’t take every MACD forex signals.

4. Don’t jump around ten pairs.
4.1 Stay with the minimum and keep track of their price movement (as stipulated in Rule 9-11)

5. Look at market emotions – candle formation at critical points on the chart will show emotions in the forex market

6. Wait for playing ground to be removed so that the forex market can get rhythm and definite direction

7. Go with the rhythm and trend of the pair.

8. Counter trend trade only when:
8.1 Near major Trend, Resistance and Support lines
8.2 RR is 1:1 or better
8.3 Towards the 21MA as profit target

9. When price break through the 89MA, it tends to move back to 21MA and then it moves on in that direction.

10. When price breaks through the 200SMA, it moves back to it before moving on.

11. When price breaks back through the 21MA it comes back to 21MA and then move on to the 89MA

Forex Signals Searches: forex signals forex autopilot automated forex trading

THE BALANCE LINE TRADES

2008-10-08T15:34:00.000-07:00

THE FIFTH DIMENSION

We have now arrived at our fifth and final trading dimension. At first, this dimension may seem a bit more complicated, but it really isn't. In our earlier book, Trading Chaos, we described a signal we labeled the "thumb trade," which was basically a counter fractal signal. Its purpose was to get us into a trade before the fractal breakout signal. This has been profitable throughout the years we have used it, but we have now refined this signal to be even more effective, yielding greater profits and fewer whiplashes. The basics behind this signal are what we label the Balance Line. This line was arrived at through the use of supercomputers (mainframes) and was determined mathematically. The mainframe computers then went through more than five million iterations to find a way to accurately estimate the placement of the Balance Line using a personal computer. We will describe the specifics shortly, but first let's get a picture of what is actually represented. The Balance Line is where the price would be if there was no new incoming information (Chaos) affecting the market at the present time (Figure 8-1). This is where the price would be without incoming information, so we can judge the effect that new information is having in the market by how far away the current price is from the Balance Line. In our research, we constructed a histogram to measure this distance but found that it was almost the same as our 5/34 Awesome Oscillator and proved to be redundant when using the AO. One way to think of the Balance Line is to imagine that it is the Continental Divide. When rain falls on the east side of the Continental Divide, the water will run downhill toward the Gulf of Mexico because gravity is a Strange Attractor. This will happen unless a strong east wind blows the raindrops over to the west side of the divide. If that happens, the windblown rain drops will run down toward the Pacific Ocean rather than the Gulf of Mexico. The wind, in this case, is the new information that changes behavior. A change in behavior is a fractal. In the markets, new information creates fractals (changes in behavior). There will always be a fractal at the end of any trend. When you decided to read this chapter rather than doing something else, that was a behavioral fractal. The Balance Line could also be labeled the Saddle Point, which is the place where a small change in initial conditions produces results that are much stronger than the cause. One of the casualties produced by the new sciences of quantum physics and Chaos is the destruction of our old classical Newtonian idea that for every action there is an equal and opposite reaction. They have also done away with the global theory of entropy, which stated that eventually everything will go down the drain. We now know that there is Neg-entropy which has the capability to produce something from nothing. Think of the Balance Line as the top of the mountain. Whenever new information comes into the market, the price will move away from the Balance Line more easily (it takes less energy, in the form of new information) than it will move toward the Balance Line. A simple way to say this is: "It is easier to go downhill than uphill." In Chaos theory, this is described as the "path of least resistance" (Figure 8-2). Let's take a couple of very simple examples of how the Balance Line operates in any market—stocks, commodities, indexes, spreads, or options. The Balance Line shows us the direction of the current path of ieast resistance in markets. Figure 8-3 is a caricature showing that going downhill (away from the Balance Line) is easier than going uphill. In a similar way, it is easier (takes less energy) for the price to move away from the Balance Line than to move toward the Balance Line. This can be demonstrated by simply examining a chart such as Figure 8-4.

Figure 8-1 What is the BaLance Line?

Notice that the thirteen bars in the box on the left side of Figure 8-4 moved 56 points and were going toward the Balance Line, which is similar to walking uphill. Also notice that the thirteen bars in the next box were going away from the Balance Line. The thirteen bars on the right side covered 161 points because the price was moving downhill. In this illustration, downhill means the price was moving higher. Remember that the Balance Line is the top of the mountain, and it is easier for the price to move away from the Balance Line than to move toward the Balance Line. Figure 8-5 basically repeats the two earlier illustrations, again showing that movement away from the Balance Line is easier (requires less new information) than moving toward the Balance Line. Figure 8-6 i;lustrates the basic -way of finding ne-w inforl.lation from the Balance Line signal. The current price high is lower than the previous high. When we interpret that, we must include the concept that, in any market, there is always a struggle between the buyers and the sellers. The buyers were obviously stronger in the first time period (bar A) than in the second time period (bar B). We know this because they were not able to take the price as high in the second period as it was in the first period. The question can also be asked: Who is in charge and what are they doing? Fortunately, we do not have to know specifically "whoq; we can see the results of the collective "who's" by the price action. The new information is determined by reading the price chart. Figure 8-6 is quite important as a demonstration of how we recognize new information for creating Balance Line signals. Notice that bar B has a lower high than bar A. Looking at this configuration from the buyers' point of view, they were not strong enough in the time period of the price bar B to keep the price as high as the high of bar A. This creates the dotted square above the high of bar B as potential new information. At the end of bar B, the sellers had forced the buyers away from the dotted square. If the buyers regain their strength and move the market up above the top of bar A, a significant change in behavior will occur, giving us a signal to watch for a Balance Line buy opportunity. Study this chart carefully; this concept is sometimes difficult to grasp in a first observation. We will go through several examples to make this clear. Once we can understand where to look for the new information, we can filter in other fractal geometry concepts to create profitable signals. We take two different factors into consideration to get our most reliable Balance Line signal. The first factor is: Where is the signal in relation to the Balance Line? We know that moving toward the Balance Line is more difficult than moving away from the Balance Line. The second factor is the number of new highs or lows needed to create a signal. Like the market, we want to take the path of least resistance (Figure 8 ~ Figure 8-8 contains the rules for our basic Balance Line strategy. Our purpose is to make it easier to get into a directional move when the movement is away from the Balance Line (similar to going downhill) versus toward the Balance Line (uphill). If we are going toward the Balance Line, we place our signal at base + two higher highs (lower lows). If we are going away from the Balance Line, we use base + one higher high (lower low). That is our basic approach. We modify it depending on which zone we are in—a situation that will be covered later on. At this point, let's review and summarize our approach to the fifth dimension, the Balance Line.

BALANCE LINE BUYS

Buy Si~nals When the Market Is
above the Balance Line

In Figure 8-9, Section A shows the simple buy signal created by the base bar B and a higher high on bar 1. Section B illustrates that a higher high, which follows a base bar, does not create a new signal. The base bar is either the current bar or the most recent lowest high. Section C demonstrates a blue light special. The original buy was at the leftmost bar. When a lower high was formed, the buy moved down one bar. When bar B was formed with another lower high, the buy moved down to bar 1. Section D illustrates that if the signal bar is above the Balance Line, we only need the base plus one higher high. As long as the signal bar itself is above the Balance Line, we act as if the entire formation were above the Balance Line. Make sure that you understand these three scenarios so that you can easily find a buy signal above the Balance Line on other charts. Figures 8-10 and 8—11 are examples of how, once the base bar is established for a buy and that pattern is followed by bars with higher highs that do not trigger the buy stop, the buy stop is not affected. The buy stop stays in place unless (a) it is triggered OF (b) another bar with a lower high is formed, creating a different base bar. The last three bars on the right side of Figure 8-10 and the last two bars on the right side of Figure 8-11 do not affect the placement of the Balance Line buy signal. Now let's try a trick question (Figure 8-12).

Here is a tip to speed up your analysis. When the market is making new highs, you cannot have either a Balance Line or a fractal buy signal formation. The market must pull back and create a lower high before a new Balance Line or Fractal signal can be formed.

Buy Signals When the Market Is
below the Balance Line

We know that going away from the Balance Line is easier (takes less energy) than going toward the Balance Line. Because the market always follows the path of least resistance, good strategy dictates that we do the same. (We did that in the previous section.) Now, we are buying below the Balance Line. We will require more energy because we are going uphill. We are going uphill because we are buying below the Balance Line. Figure 8-13, B signifies the base bar. In section (A), we have the typical Balance Line buy signal. We require base plus two higher highs because we are below the Balance Line and therefore are plodding uphill to change the market's energy pattern. Section (B) illustrates that a current bar whose high is higher than the previous bar does not affect the Balance Line buy because it does not create a lower base bar. Section (C) illustrates a blue light special. Note the first buy. It was followed by a lower high, which moved the signal down. The market is giving us a chance to buy lower.
Let's look at the practice charts in Figures 8-14 and 8-15.
In Figure 8-16, the highs are circled because highs are all you are interested in when looking for a buy, and lows are all you check when looking for a sell.

BALANCE LINE SELLS

Sell Signals When the Market Is
above the Balance Line

Figure 8-16 illustrates the typical Balance Line selling signals when the market is above the Balance Line. Section (A) shows the typical base minus two lower lows. Section (B) demonstrates that once a base is formed, a lower low does not create a new signal. A new sell signal can only be created by having a higher low. Section (C) demonstrates a blue light special sell signal. Note that the first sell signal is created by the first three bars on the left side. That is followed by three higher lows, which raises the sell stop up each time a new higher low appears. The current sell is well above the first sale, and the market has given us another blue light special. Again, make sure you understand this chart (Figure 8—16) before reading further. To help you understand, let's do a few practice charts and schematics, in Figures 8-17 through 8-19. Especially in Figure 8-20, we see four different possibilities for the market's creating Balance Line sell signals. Section (A) has the straightforward sell signal. You only need a base bar and one lower low because you are below the Balance Line and gravity is going your way—downhill. Section (B) illustrates that a lower low than the base bar does not alter the signal at this point. Section (C) illustrates a blue light special sell; the market is giving us a chance to sell at a higher price than the one we originally targeted. Section (D) illustrates that if the signal bar is below the Balance Line, we only need a base and one bar with a lower low, regardless of which side of the Balance Line the base bar is on.

PRACTICE PAGES

Figure 8-21 is a quite simple illustration of buying below the Balance Line. The price is below the Balance Line and going downhill (moving away from the line when reading from right to left), so you only need a base and one lower low. Figure 8-2:2 poses another trlck questlon: ls there a Balance Line sell? Why or why not? Again, just as on the buy side illustrated earlier in this chapter, there is no sell here. Remember that for either a fractal or a Balance Line signal, the market must first retrace its move to create lower lows that, in turn, will create a sell signal. Whenever the current price bar is making new lows, you cannot have either a fractal or a Balance Line sell.

TRADING THE BALANCE LINE SIGNALS
IN THE VARIOUS ZONES

Now we are going to add factors that at first may seem confounding but they pay off extremely well in increased profits. We call them filters. They direct us toward the most profit-producing signals. The first filter is the Alligator. We know from earlier chapters that, no matter what signal is created, we only want to trade a signal that is outside the Alligator's mouth and is going in a direction that will keep us outside of the mouth. The second limiting condition is the zone the current price is in. If you are attempting to buy in the Red Zone, you know that you are buying even though the Momentum is down and is accelerating to the downside. That doesn't appear to be to your best advantage. Therefore, our strategy is to make it twice as difficult to buy in the Red Zone. If the current bar is red and we are above the blue Balance Line and looking for buy signals, it would require a base bar and TWO higher highs (rather than one higher high, as in the Green or the Gray Zone). Likewise, if we are above the Balance Line and in the Green Zone looking for a sell, we would normally require a base bar and two lower lows. However, being in the Green Zone tells us that the Momentum is up and accelerating upward, so we require twice as many lower lows (four rather than the usual two, as in the Green or Gray Zone). Another way to express this is: You only double the requirements for a sell in the Green Zone, and you only double the requirements for a buy in the Red Zone. In any other situation, the number required would be the normal number of higher highs or lower lows. Do not forget the other, extremely important filter: DO NOT FEED THE ALLIGATOR!

THE BALANCE LINE TRADES

Real-Time Trading

In Figure 8-23 are the Balance Line trades you would have taken had you been following our trading method between April 17 and July 31 or just over three months. An interesting point should be noted here. Whenever you have a long trend run such as the one in Figure 8-23, you will always have more Balance Line signals triggered than any of the other trading dimensions. The results from trading the Balance Line signals in a trend run can be quite impressive, as evidenced by Table 8-1, which is based on the same time frame as Figure 8-23.

RECAP AND SUMMARY OF BALANCE LINE TRADING

The Balance Line is that place where the current price would be if there was no new incoming information (Chaos).

The Balance Line rules are:

Always read from right to left. Look at the highs only when looking for a buy signal. Look at the lows only when looking for a sell signal. Establish the base bar first. The base bar is the starting point. To find the base when looking for buy signals, look at the current bar or the bar with the lowest high. To find the base when looking for sell signals, look at the current bar or the bar with the highest low.

Once you have established your base bar:

1. For a buy, you need one new high if you are going away from the Balance Line, and two new highs if you are going toward the Balance Line.
2. For a sell, you need one new low if you are going away from the Balance Line, and two new lows if you are going toward the Balance Line.
The final two filters are:
1. You do not sell above the Alligator's mouth and you do not buy below the Alligator's mouth. If you do, you are feeding the Alligator, which can consume all your food (money).
2. If the current bar is in the Red Zone, you double the number of new higher highs to create a buy signal. If the current bar is in the Green Zone, you double the number of lower lows to create a sell signal.
We have now covered the five dimensions for entering a stock or commodity market. Most traders find it more difficult to get out of a trade than to enter a trade. Getting out is always an executive decision. However, four guidelines that I use in my own trading have been effective in maximizing the profits taken from the markets. We will explore these in the next chapter.

Adding a Magic Number to an automated forex trading EA

2008-10-08T08:46:00.000-07:00

Someone asked me if there was a manual on how to add a Magic Number to an automated forex trading EA. Since I haven’t seen one, I put together the following basic steps & thought that others may find it useful too. These steps can also be used to verify that an automated forex trading EA properly uses a Magic Number, as some don’t!
First off, to the completely uninitiated, a Magic Number is simply an arbitrary number that can be added to an automated forex trading EA that is used to uniquely identify forex trades that are made from that automated forex trading EA with an eye towards differentiating them from trading made by any other automated forex trading EA. Without a Magic Number, a automated forex trading EA that closes all orders will not only close orders that it has made, but it will also close any orders made by a different forex EA, and it will even close orders that were made manually, as it has no way of telling which orders came from which automated forex trading EA.
This obviously is not an optimal situation. The Magic Number lets you differentiate these orders programmatically so that you can run multiple automated EA’s on multiple charts from within the same MT4 instance and still be able to forex trade manually as well.
Anyway, now on to the steps:
1) On a global level in the automated forex trading EA add:
int MagicNumber = 233423; // where 233423 is any old number that is unique from any of your other running automated forex trading EA’s
The easiest way to describe declaring on the “global level” of the trading EA is a variable that is declared outside of the Start, Init and Deinit functions. The easiest way to ensure that you are on the global level of the EA is to put the MagicNumber declaration immediately after the top comments and any #property, #include or #import statements and BEFORE the Init, Deinit and Start functions.
2) Next, make sure that the OrderSend function uses this magic number. OrderSend uses the following form:
int OrderSend( string symbol, int cmd, double volume, double price, int slippage, double stoploss, double takeprofit, string comment=NULL, int magic=0, datetime expiration=0, color arrow_color=CLR_NONE)
So, you want to make sure that it is called with the MagicNumber in it, e.g:
OrderSend(Symbol(),OP_BUY,1.0,Ask,2,10,20,”My Buy”,MagicNumber,0,Lime)
3) Then, search the automated forex trading EA for each instance of OrderClose, OrderModify or OrderDelete. Usually these are sandwiched by at least one IF statement. Add to that IF statement the following condition: (OrderMagicNumber() == MagicNumber)
So, something like this:
if (OrderSymbol == Symbol()){OrderClose(blah blah…);}
Becomes:
if (OrderSymbol == Symbol() &&OrderMagicNumber() == MagicNumber){OrderClose(blah blah blah);}
Voila! Your automated forex trading EA now uses a magic number and should be able to trade with other automated forex trading EAs.
Please note that any money management that an automated forex trading EA uses, like lot optimization based on available margin or equity, etc. will also “interfere” with each other. This is either desirable or undesirable based upon how you want to trade with the specific automated forex trading EA’s.
Hope that helps!

Categories: forex tracer automated forex trading

How to add a Magic Number to a FOREX AUTOPILOT EA

2008-10-08T08:40:00.000-07:00

How to add a Magic Number to a FOREX AUTOPILOT EA
By Cubesteak
Hey ya’ll,
www.cubesteak.net/2006/10/adding-a-magic-number-to-an-ea/

Emre asked me if there was a manual on how to add a Magic Number to an Forex Autopilot EA. Since I haven’t seen one, I put together the following steps and thought that others may find it useful too. These steps can also be used to verify that an Forex Autopilot EA properly uses a Magic Number, as some don’t! Anyway, here you go:

1) On a global level in the Forex Autopilot EA add:

int MagicNumber = 233423; // where 233423 is any old number that is unique from any of your other running Forex Autopilot EA’s

The easiest way to describe declaring on the "global level" of the autopilot EA is a variable that is declared outside of the Start, Init and Deinit functions. The easiest way to ensure that you are on the global level of the Forex Autopilot EA is to put the MagicNumber declaration immediately after the top comments and any #property, #include or #import statements and BEFORE the Init, Deinit and Start functions.

2) Next, make sure that the OrderSend function uses this magic number. OrderSend uses the following form:

int OrderSend( string symbol, int cmd, double volume, double price, int slippage, double stoploss, double takeprofit, string comment=NULL, int magic=0, datetime expiration=0, color arrow_color=CLR_NONE)

So, you want to make sure that it is called with the MagicNumber in it, e. g:

OrderSend(Symbol(), OP_BUY, 1. 0, Ask, 2, 10, 20, "My Buy", MagicNumber, 0, Lime)

3) Then, search the Forex Autopilot EA for each instance of OrderClose, OrderModify or OrderDelete. Usually these are sandwiched by at least one IF statement. Add to that IF statement the following condition: (OrderMagicNumber() == MagicNumber)

So, something like this:

if (OrderSymbol == Symbol())

{

OrderClose(blah blah. . . );

}

Becomes:

if (OrderSymbol == Symbol() && OrderMagicNumber() == MagicNumber)

{

OrderClose(blah blah blah);

}

Voila! Your Forex Autopilot EA now uses a magic number and should be able to trade with other Forex Autopilot EAs.

Please note that any money management that an Forex Autopilot EA uses, like lot optimization based on available margin or equity, etc. will also "interfere" with each other. This is either desirable or undesirable based upon how you want to trade with the specific Forex Autopilot EA's.

Hope that helps for Forex Autopilot!

Cheers,

CS

If you look at many of the Forex Autopilot EAs I post you will find that I use several functions to calculate the MagicNumber. Just copy and paste into your Forex Autopilot EA. You still need to add the declaration at the global level using

int MagicNumber;
int BaseMagic = 4000; // Make this one unique to each forex EA

I plan to make that a complete function eventually so it just becomes a single funtion call like

MagicNumber = GetMagicNumber(BaseMagic);

That way you can test the same expert live on different timeframes without interference.

An assignment is made in the init function that calls other functions that use a base number, the Symbol and the Period to calculate the number. This gives a unique number for each currency pair and timeframe.
Robert

Searches: Forex Autopilot Forex Automated

How to add alarm to any forex trading indicator

2008-10-08T08:33:00.000-07:00

www.forex-tsd.com/indicators-metatrader-4/87-indicators-alert-signal-12.html
POST # 113
Hi
I see a lot of people here asking to add forex alarm when an forex trading indicator is light up. Especially when a arrow/bullet is turn on.
Actually, it is very simple task. All you have to do is follow the following instructions.
1) Every forex trading indicator has an forex indicator array that keep the values of the forex trading indicator. Values can be 0 or not 0. To find out the forex trading indicator name look for the command: SetIndexBufferIn the forex trading indicator editor it should look like thisSetIndexBuffer
(0,ExtMapBuffer);
SetIndexBuffer
(1,ExtMapBuffer
2); This lines tell us that we have 2 indicator buffers
2) Look when the forex trading indicator buffer change its value. In the example above we will look to line that contains the following patter:ExtMapBuffer[number] = where number can be a figure or a name. For example: if(res!=0.0) ExtMapBuffer[shift]=res;if after the equal sign there is 0 do nothing.3) Change it to make an forex alarm.After finding the value setting line we will add an alarm to it.a) add { before the setting. In the example above :if(res!=0.0) {ExtMapBuffer[shift]=res;b) add the Alert command after the ;. In the example above:if(res!=0.0) { ExtMapBuffer[shift]=res;Alert("Indicator set");}Do not forget to close the } 4) repeat for every buffer value settingCompile and you have an forex indicator with alert Hope it will help you

More Forex Trading Indicator