DislikedHi thanks for this indicator...I'm lookinf for this one couple time agoIgnored
Mister ED
4 hour strategy (the nausbot - 4 hour trader) 11 replies
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Create a verticle line at certain hour for every certain hour 16 replies
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DislikedHi thanks for this indicator...I'm lookinf for this one couple time agoIgnored
DislikedHow do you overlay an indicator on MT4, I have tried myself with no success.
Mister EDIgnored
DislikedWell done, Edonya!
I only wish I was awake to take that one myself! Great trading and trade management!Another confirmation for your trade was the bullish MACD divergence that co-incided with the Double Bottom MACD signal. For those traders that, like me, don't always remember to check for divergence, I found this MACD Divergence indicator that you can overlay in the 4hr MACD window of your chart. Just change the divergence MACD settings to 5:13:1 and it'll automatically draw the divergence lines on your chart.The up/down arrows (buy/sell signals) co-incide nicely with 4hr MACD signals sometimes, as was the case here.
Wishing you all many pips.Ignored
DislikedWelcome to all the new members (and a special hello to Shreem...Welcome back!!)!
I see some of you are going live for the first time! Congrats!! This is a very exciting time for you! Looks like most have demo traded and have a feel for what they are doing...very important stuff!
Remember not to overtrade....Remember not to look for a trade (plan for one and let it come to you)...Focus on what the market is telling you. Continue to work hard, study your trades, study the market and realize sucess is within your grasp (but it will most likely take longer than you originally expected). Also, if possible....start your first account w/25% of your trading capital...this way you protect the bulk for when you really are good at making pips and have as much behind you as possible!
OK...I'm done for the day....Happy pipping all!
PipsIgnored
DislikedThanks alot for that advice pips4uandme.
I am doing exactly that till i grasp everything. An d i'll be taking one pair at a time even two or more pairs give a signal the way they did today morning, but i decided to take on the cable.
MACD gave a RB of which i could have entered at 04:00hrs but i was a sleep so i thought it is still valid at 08:00Hrs and entered.
It found support at SMA200. So my expectation was that it will test SMA89.
Entered at 2.0338
SL- 2.0287
TP1- after 30 pips(2.0369)
TP2-at2.0380(the 89SMA was at 2.0384)
Still doing with microlots.
It went according to my expectation.
I dont know whether it was luck or my analysis were okay.
still learning.Ignored
DislikedSorry, but havent post for several months. I need your opinion, if we'll have a TC would you take a short until or after it will brake 89SMA?
Romeo.Ignored
DislikedHi Mister Ed,
With the Navigator window open, just drag the indicator over the one that you want to overlay and drop it on top. Hope that helps.
DougIgnored
DislikedThanks for feedback pips! I also want do add a few things. I'm new to forex (about 1 year) and I didnt trade on any market before. What I want to say is that as a beginner I used to switch the systems almost every month and this is the major issue why the most traders fail. They are testing a system for a couple of weeks and if their demo account is not double after this meantime, it means it' s no good LOL. I watched this tread from the beginning and it was the first time when I felt that I am on the good road. It took me around 2 months to get used to this and I was profitable from april to june (around 20% per month with 2% risk at one trade, 4 pairs). Unfortunately I had some problems and I didnt trade for some time. After I came back I had around 6 consecutive losses, of course that was because of me, not the system witch is great. But now I am recovering and I watch only EURUSD - rather than watch 4 pairs and trade with 1 lot just look at one and trade 4 times bigger, you will be more profitable. Thanks again Phill and others for sharing your great knowledge with us.
Romeo.Ignored
DislikedHi guys!
Ira: thanks for the post to Phillip -- it helped me a lot...my attitude has been very stinky lately and you helped me see my selfish ways...Thank you!
Ryanmacd, Shreem, Nadia and all other members who posted to Phillip....You guys are amazing! It is members of our supportive community that make this place great!!
We all know how difficult it is to learn to trade (and how freakingly long the process is)...but, others are only starting out and don't understand basic trading skills. These are the people who usually hop from system to system looking for the "Holy Grail." Also, many people are unrealistic at how much time needs to be devoted to this business...They think the infomercials are how it works and aren't willing to learn the processes....These are also the people who aren't willing to put the time into learning, practicing and testing themselves (and that's ok too...we need these types in the market so we can get our pips!). There is truly only one way to know if you can trade this method (I don't really like calling it a system b/c that implies mechanical black box to me)...that is to practice it for yourself and to test it for yourself. If it isn't working right, then we come help you figure out what (if anything) was overlooked...and if you are truly lucky...(hehe)...The "Master" will help you figure out what you can do better to improve your trading results. That's right...Help YOU FIGURE OUT WHAT YOU CAN DO BETTER...trading really is an individual sport....
OH...And to any of the doubter's of the system...So far this month...on 2 main currency pairs...Pips for the month are over 600 (not including any of my yen trades, only Majors). Average return on my account per month is 48% (Over the last 10)....I don't think those are stinky results at all...and I still have much room for improvement!
Happy trading all!
PipsIgnored