I am finding that my strategy (bar charts, sar, fractal, fib retrace) works very well.
Key points tho:
1)Pay attention to open and close prices (bar chart)
2)Take note when sar dots change direction
3)Take note of fractrals and how they aligns (major support/resistance)
So now that I no longer trade live with MT4, I must admit that I am much more comfortable executing trades; I no longer have a slippage issue; and I don't feel like someone is cheating me thru the platform. Ninjatrader is great but limiting without a full license. To make up for it; it just so happens that my ninja account can be traded with two other platforms simulaneously. That gives me the trade management features I am needing for my strategy.
My charting combination is NinjaTrader, FOREXTrader, and Tradingview.
Another observation, all pairs won't respond the same way to the same indicator. So lately I have been using a set of indicators that I find work well with AUDJPY. I'm leaning toward choosing the charting strategy based on the instrument traded and it's characteristic movement.
Ohhh, one more thing, I so wish that Ninjatrader will be available for trade explorers here one day.
eventenually I won't be using MT4 at all.........I use it now to interact with you guys/gals
I am in a precarious situation.................my regular job is not stable and I am in a position where I may be fired for sales performance (call center work). I live in a town where it does not address all of my needs and wants. I am still struggling to become a fulltime trader. There is an urgency that cannot be denied. I am in a profitable position with USDCAD at the moment. Man....................................I so want to trade forex/futures full time......the only knowledge gap I have right not is the money management and the psychology........this is tough............I will prevail............I WILL SUCCEED!!!!!!!!!!!!!!!!
If they fire me I will take 1000 USD of my 401K and trade it until 1)I get another job 2) trade my way to independence.....................either way...............I just hope you understand what I am going thru.......
I hate slaving for a wage............I need financial and time freedom!
tradersway wont allow me to have a trade explorer and ninjatrader does not offer it here
The only reason I am using MT4 with tradersway is that I dont have a NADEX account yet and I seek quick income
