Fibonacci Miracle
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Wednesday, June 29, 2011
Sunday, June 26, 2011
Strength Histogram MT4 Indicator
Strength Histogram MT4 Indicator
Timeframes: M30, 1H, 4H
All major pairs.
This indicator display MA, MACD and Stochastic in histogram form.
This great combination of MA, MACD and Stoch gives you power/strength
behind a price move.
Buy signal - when the 1st green candle goes above ZERO line
Sell signal - when the 1st red candle goes below ZERO line
All major pairs.
This indicator display MA, MACD and Stochastic in histogram form.
This great combination of MA, MACD and Stoch gives you power/strength
behind a price move.
Buy signal - when the 1st green candle goes above ZERO line
Sell signal - when the 1st red candle goes below ZERO line
Thursday, June 23, 2011
Sunday, June 19, 2011
Sunday, June 12, 2011
Thursday, June 9, 2011
Tuesday, June 7, 2011
Auto Trend Forecaster
Came across this latest Indicator called Auto Trend Forecaster. It's quiet expensive , can't afford one.
If any one has it pls do let me try it . Thank you
Just got one of the link from a blog visitor !!
If any one has it pls do let me try it . Thank you
Just got one of the link from a blog visitor !!
Sunday, June 5, 2011
Lock Profit EA
Lock Profit EA is a must for every trader.
I tested it and I encourage to all Trader to use it !
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*Automatically sets your Stop loss *Locks your profit so you don't have to adjust your stop loss *It locks your Profit when price retrace.
I tested it and I encourage to all Trader to use it !
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Friday, June 3, 2011
Multi Purpose Trade Manager
Wednesday, June 1, 2011
TRENDLINE X
FREE TrendLine Visualizer for MetaTrader 4
Identify Trend Lines Automatically TrendLine Visualizer identifies Trend Lines automatically and easily. Simply choose the strength of trend lines you wish to trade, and TrendLine Visualizer will identify and draw them on your charts. Works in Any Timeframe and FOREX Pair TrendLine Visualizer identifies trend lines in any timeframe or chart.
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Identify Trend Lines Automatically TrendLine Visualizer identifies Trend Lines automatically and easily. Simply choose the strength of trend lines you wish to trade, and TrendLine Visualizer will identify and draw them on your charts. Works in Any Timeframe and FOREX Pair TrendLine Visualizer identifies trend lines in any timeframe or chart.
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Tuesday, May 31, 2011
TRADE MANAGER EA (TM)
I was looking for a EA that could manage my trades and I felt that someone out there may need one. Here is the TRADE MANAGER EA.
You may one to try on a Demo before going Real!!
You may one to try on a Demo before going Real!!
The Expert Advisor (EA), TM, allows one to manage the Stop Loss (SL) and Take Profit (TP) points of a trade. You are responsible for initiating the trades, either market orders and/or pending orders. You do not need to enter SL or TP points in the order window when you enter a trade, you can let TM set and manage those. TM will only manage one trade at a time for a given chart symbol (if you have three charts open, with different symbols and TM is attached to each chart, all three pairs will be managed). Which trades it manages, is dependent upon the value of the Magic_Number parameter, described in the parameters section
Sunday, May 29, 2011
Thursday, May 26, 2011
Sunday, May 22, 2011
Price Alert Indicator
Price Alert Indicator
FREE Price Alert MetaTrader indicator plays sound alerts when the price reaches certain levels that are set by the trader. There are three types of alerts: first one is used when the price rises above certain level (displayed with the green line on the chart), second one is used when the price falls below certain level (displayed with the red line on the chart), third one is used when the price reaches the certain level exactly (displayed with the yellow line). All alerts turn off when they are triggered and can be turned on again with the new values. If you use e-mail alert feature, don't forget to set the e-mail settings in your MetaTrader platform options window. The indicator is available for both MT4 and MT5.
Input parameters:
* SoundWhenPriceGoesAbove (default = 0.0) -- if price goes above this value the alert will be triggered.
* SoundWhenPriceGoesBelow (default = 0.0) -- if price goes below this value the alert will be triggered.
* SoundWhenPriceIsExactly (default = 0.0) -- if price is exactly at this value the alert is triggered.
* SendEmail (default = false) -- if true and the correct e-mail settings are set in the MetaTrader options window, the alert is also sent to the set e-mail address.
This indicator can't be used as a trading system and it isn't generating any signals. You can use it whenever you wish to be notified of some new price levels. Then you can use the moment to do whatever you want with the market. You can set the input parameters to zero value if you don't want to use some of them.
* SoundWhenPriceGoesAbove (default = 0.0) -- if price goes above this value the alert will be triggered.
* SoundWhenPriceGoesBelow (default = 0.0) -- if price goes below this value the alert will be triggered.
* SoundWhenPriceIsExactly (default = 0.0) -- if price is exactly at this value the alert is triggered.
* SendEmail (default = false) -- if true and the correct e-mail settings are set in the MetaTrader options window, the alert is also sent to the set e-mail address.
This indicator can't be used as a trading system and it isn't generating any signals. You can use it whenever you wish to be notified of some new price levels. Then you can use the moment to do whatever you want with the market. You can set the input parameters to zero value if you don't want to use some of them.
Friday, May 20, 2011
How to trade Multiple Positions
Trade Management
How To Trade Multiple Positions
Sophia Todorova has a background in teaching and psychology, and as such relishes the idea of assisting new traders on their journey to Forex trading success. Technical Analysis is her passion. The charts speak, and she listens.
Trade management is a weak area for many traders, and can mean the difference between winning and losing in spite of how good a trading strategy is. Although not widely used, trading with multiple positions offers a flexibility in trade management which would be difficult to attain otherwise. In doing this however, it is important that the trader is with a broker which allows you to trade in small enough increments so as not to over-leverage your account. A powerful method of trade management is to scale out of losing positions gradually. For instance, if three positions were initially entered on a trade, you have the option of scaling out one or two of those positions while keeping yourself in the game. If the trade does turn around you can scale back into it. If the worse happens, then you minimize loss by not having taken the full hit on your stop loss.
If, on the other hand, your trade works out from the start with nice momentum, you can take partial profits on one position at a pre-determined target level. You can also scale that position back in on a retracement, and even add more positions to the trade after having moved your stop to break-even, and are, in effect running a free trade. I like to run my winning trades until I get some definite signs of reversal. Additionally, you can strengthen your edge even more by only taking trade setups that offer good risk/reward ratios.
This is the method that I have been using and I find that I can sustain a string of losses where I lose more trades than I win, but still be able to make a profit.
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