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Trend Trading All Pairs

  • #3,181
  • Feb 6, 2010 9:22am Feb 6, 2010 9:22am
Quoting Paulette
thnx, I will try to get it working for me... PERFECT! Trendline has a little tickbox : Ray, untick and now it is sorted...

Much appreciated NM
If you do not want the trend line to ray out on you uncheck the Ray Box and it you can draw it the way you want. Just highlite or double click on the line then right click and go to properties and you can change it there.

--NM
Attached Image
  • #3,182
  • Feb 6, 2010 9:37am Feb 6, 2010 9:37am
I created a Risk calculator that will tell you how many lots you can trade based on your current balance, pip cost, and stoploss percentage of risk...etc. I created it in Excel and it draws all the pip costs from MT4 continuously as long as you have MT4 running, it will plot the cost in a chart or you can take the cost from the active table eitheway the are the same number. If you are using a micro account then divide the cost by 10 and it will give the pip cost in the micro account.

If anyone is interested in it I can post the Excel file.

--NM

p.s. It is only in USD at the moment I am working on it so any currency can be used....
Attached Image (click to enlarge)
Click to Enlarge Name: Risk calculator.png Size: 64 KB
  • #3,183
  • Feb 6, 2010 9:41am Feb 6, 2010 9:41am
Quoting NightMoves
I created a Risk calculator that will tell you how many lots you can trade based on your current balance, pip cost, and stoploss percentage of risk...etc. I created it in Excel and it draws all the pip costs from MT4 continuously as long as you have MT4 running, it will plot the cost in a chart or you can take the cost from the active table eitheway the are the same number. If you are using a micro account then divide the cost by 10 and it will give the pip cost in the micro account.

If anyone is interested in it I can post the Excel file.

--NM...
I'm interested...it looks cool!
  • #3,184
  • Feb 6, 2010 9:44am Feb 6, 2010 9:44am
Ok here ya go, like I say it is only in USD for now...

--NM
Attached File(s)
File Type: xls Risk per trade Calculator.xls   44 KB | 472 downloads
  • #3,185
  • Feb 6, 2010 9:50am Feb 6, 2010 9:50am
Quoting NightMoves
Ok here ya go, like I say it is only in USD for now...

--NM
Very cool! Thanks! How do I connect to my MT4 data source? I'm getting an error message.
  • #3,186
  • Feb 6, 2010 9:52am Feb 6, 2010 9:52am
Quoting NightMoves
If you do not want the trend line to ray out on you uncheck the Ray Box and it you can draw it the way you want. Just highlite or double click on the line then right click and go to properties and you can change it there.

--NM
Thanx NM - it works like a charm...

Thanks for your support and sharing of very important resources & knowledge on the overall business strategy of trading, not just the technical trading strategy.

This is a part of most businesses that's overlooked.
  • #3,187
  • Feb 6, 2010 9:53am Feb 6, 2010 9:53am
Quoting Pip Dawg
Very cool! Thanks! How do I connect to my MT4 data source? I'm getting an error message.
It should connect if MT4 is running, if it ask you you up date when you open it just click yes...

--NM
  • #3,188
  • Feb 6, 2010 9:56am Feb 6, 2010 9:56am
Quoting Paulette
Thanx NM - it works like a charm...

Thanks for your support and sharing of very important resources & knowledge on the overall business strategy of trading, not just the technical trading strategy.

This is a part of most businesses that's overlooked.
I am quite adiment about my MM strategy and never over do it, one stays alive a lot longer if the pay attention to that aspect of it...

--NM
  • #3,189
  • Feb 6, 2010 10:03am Feb 6, 2010 10:03am
Quoting Pip Dawg
Very cool! Thanks! How do I connect to my MT4 data source? I'm getting an error message.
You should have MT4 open first then open the spreadsheet, and you should see this...

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Risk calculator.png Size: 37 KB
  • #3,190
  • Feb 6, 2010 10:07am Feb 6, 2010 10:07am
Quoting NightMoves
It should connect if MT4 is running, if it ask you you up date when you open it just click yes...

--NM
Sorry NM....I hate to be a pain...you are very generous with your program in excel but these are the error messages I'm getting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.39.jpeg Size: 73 KB
Click to Enlarge Name: screenshot.40.jpeg Size: 73 KB
  • #3,191
  • Feb 6, 2010 10:08am Feb 6, 2010 10:08am
Quoting NightMoves
You should have MT4 open first then open the spreadsheet, and you should see this...

--NM
I left the sheet unprotected so you can add or modify it any which way you want.

--NM
  • #3,192
  • Feb 6, 2010 10:09am Feb 6, 2010 10:09am
Quoting Pip Dawg
Sorry NM....I hate to be a pain...you are very generous with your program in excel but these are the error messages I'm getting.
Oh I forgot about that, just click yes so MT4 knows it needs to supply data to the sheet...sorry about that...

--NM
  • #3,193
  • Feb 6, 2010 10:11am Feb 6, 2010 10:11am
Quoting Pip Dawg
Sorry NM....I hate to be a pain...you are very generous with your program in excel but these are the error messages I'm getting.
Perhaps because it's a demo version or because it's with MB Trading? I have had some trouble with some of Hectors indicators because of the MB platform is slightly different.
  • #3,194
  • Feb 6, 2010 10:11am Feb 6, 2010 10:11am
Quoting Pip Dawg
Sorry NM....I hate to be a pain...you are very generous with your program in excel but these are the error messages I'm getting.
The DDE server needs to be turned on, in MT4 that is why you are getting that message....I forgot to mention that

--NM
  • #3,195
  • Feb 6, 2010 10:13am Feb 6, 2010 10:13am
Quoting NightMoves
I left the sheet unprotected so you can add or modify it any which way you want.

--NM
I think it's MB. I don't have an executable called MT4.exe. i think MB changed it when they adopted the platform.
Attached Image
  • #3,196
  • Feb 6, 2010 10:14am Feb 6, 2010 10:14am
Quoting Pip Dawg
Perhaps because it's a demo version or because it's with MB Trading? I have had some trouble with some of Hectors indicators because of the MB platform is slightly different.
NO it is your DDE server in MT4.
In MT4 go to Tools/options...and click the DDE server check box
Attached Image
  • #3,197
  • Feb 6, 2010 10:16am Feb 6, 2010 10:16am
Quoting NightMoves
The DDE server needs to be turned on, in MT4 that is why you are getting that message....I forgot to mention that

--NM
NM....I'm not sure what a DDE server is but I enabled it and WAaaaLaaa...it works....wooohooo..

Thanks for sharing....you are a good person.
  • #3,198
  • Feb 6, 2010 10:17am Feb 6, 2010 10:17am
Quoting Pip Dawg
NM....I'm not sure what a DDE server is but I enabled it and WAaaaLaaa...it works....wooohooo..

Thanks for sharing....you are a good person.
I'll second that - well said Pip Dawg
  • #3,199
  • Feb 6, 2010 10:19am Feb 6, 2010 10:19am
Quoting Pip Dawg
NM....I'm not sure what a DDE server is but I enabled it and WAaaaLaaa...it works....wooohooo..

Thanks for sharing....you are a good person.
LOL Excellent, it will update the graph and the table automatically as long as MT4 is running.

--NM
  • #3,200
  • Feb 6, 2010 10:24am Feb 6, 2010 10:24am
NM

quick question - have you seen the fake breakout strategy? I find it informative to say the least, not necessarily something I would trade but very interesting

am I allowed to post it - it is free?

No, unfortunately it wont work as it requires active cookies...
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