"Abandon all hope, you who enter here"
La Divina Commedia, Dante Alighieri
Help - any tools that can easily convert MQL4 code to Easy Language code? 7 replies
I know it can't be this easy... No name yet 28 replies
Forex can be easy if you dont trade the GBPUSD 38 replies
Dislikedfxnewbie71
Seems to me the side to trade is pretty obviouse with few exceptions, SMA moving up and price is above the SMA line then trade long.....SMA moving down and price is below SMA line then trade short.....not exactly rocket scienceIgnored
DislikedForex is so easy, do not make it complicated. Forget about everything u know about forex, the technicals, news etc.
Look i tell u very easy rule.
If it's going up buy it, if its going down sell it, its easy as it is on any pair on any time, just don't get too greedy meaning; on each trade set a goal like 20pip gain then get out, have decipline and do not setup stop loss ever!!! I am making btw 100 to 200 pips everyday with this simple rule.Ignored
DislikedI always make sure I have enough money in my acct to hold 5 positions open that are down an average of 1000 pips each.Ignored
DislikedForex is so easy, do not make it complicated. Forget about everything u know about forex, the technicals, news etc.
Look i tell u very easy rule.
If it's going up buy it, if its going down sell it, its easy as it is on any pair on any time, just don't get too greedy meaning; on each trade set a goal like 20pip gain then get out, have decipline and do not setup stop loss ever!!! I am making btw 100 to 200 pips everyday with this simple rule.Ignored
DislikedIgnorance is bliss...
It's best if you have no clue about the steamroller behind you while you pick the pennies up.
At some point you will instantly die, but you will be happy your entire life.
The ones worrying about the steamroller will live longer but ultimately live a life full of threats.Ignored
DislikedExactly. Trading solely based upon a simple indicator like a SMA will lead your account to 0 before you know it.Ignored
Dislikedfirst off.... I use WMA and SMA....... set WMA @ 5, and the SMA @ 7.
when MAs cross and price stays above/below I trade in direction of trend, use longer TFs to reduce the whipsaw.......
it is not so much the MA cross as it is which side of the MA the price is on as to the direction of your trades, this can be done just as easily by using only 1 MA also. when using only 1 MA a 10 period works quite well......trade the side of the MA the price is on.Ignored