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  • #491,381
  • Jul 15, 2011 8:55pm Jul 15, 2011 8:55pm
Quoting Magix
http://www.youtube.com/watch?v=Z-k2Zfb_7Sc

I have used photoshop for years,......that must have taken a site ton of time
  • #491,382
  • Jul 15, 2011 9:00pm Jul 15, 2011 9:00pm
Quoting needpips
I have used photoshop for years,......that must have taken a site ton of time
check you pm.
  • #491,383
  • Jul 15, 2011 11:31pm Jul 15, 2011 11:31pm
id like to make a costume indicator for mt4.. does anybody know how to? or a reliable website? ive looked up on the web. but some times i come across terminology or explanations that i quite dont get..

i have no idea about programming.. but im a quick learner.. any tip will help .. its not very complex what i want the indi. to do..

thanx in advance..
  • #491,384
  • Jul 15, 2011 11:42pm Jul 15, 2011 11:42pm
Quoting forexjam1
id like to make a costume indicator for mt4.. does anybody know how to? or a reliable website? ive looked up on the web. but some times i come across terminology or explanations that i quite dont get..

i have no idea about programming.. but im a quick learner.. any tip will help .. its not very complex what i want the indi. to do..

thanx in advance..
A good place to start is http://www.forex-tsd.com/search.php?do=getnew lots of info and help there. there are also some free sites that build an indicator by you submitting a few parameters, then you could look at the code.

By far the best method is to grab some simple indicators and look at the code, play around a bit by adding some lines. Lots of info and ideas here also at http://www.metatrader4.com/forum
  • #491,385
  • Jul 16, 2011 12:19am Jul 16, 2011 12:19am
The following weeks will be tough for trend trading.

http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #491,386
  • Jul 16, 2011 12:24am Jul 16, 2011 12:24am
http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #491,387
  • Jul 16, 2011 4:45am Jul 16, 2011 4:45am
How well do you guys cope with losses? Do you think that psychology 80% while MM and Strategies 10%?
  • #491,388
  • Jul 16, 2011 4:49am Jul 16, 2011 4:49am
Quoting Togu
How well do you guys cope with losses? Do you think that psychology 80% while MM and Strategies 10%?

Its hard unless you have reached the break even line or actually is slightly in positive quite consistently....

Are you in a Draw Down?



----------volatility pic in pips----------
Attached Image
  • #491,389
  • Jul 16, 2011 4:51am Jul 16, 2011 4:51am
Quoting Togu
How well do you guys cope with losses? Do you think that psychology 80% while MM and Strategies 10%?
if you have a positive expectation system ( that you absolutely need to get the edge...) it's all about mindset, MM and ''psychology''.

gl n take care
Hero calls followed by margin calls...
  • #491,390
  • Jul 16, 2011 4:59am Jul 16, 2011 4:59am
Quoting Togu
How well do you guys cope with losses? Do you think that psychology 80% while MM and Strategies 10%?
You may get very informative replies on more relevant threads. However since people on this thread have a moral responsibility and their tendency of minding everybody's business except their own, we cannot let you go without some advice.

If taken as planned without a second thought, losses remain operating cost. However, if not taken as planned and they grow, they become capital losses. Operating cost is like cutting your finger and capital loss is like cutting your neck.

There are no percentages but a wholesome package. Your monitor maybe 80% of computer component but cannot perform without the microchip inside your cpu or your asshole maybe tiny but very important for rest of the body to function.
The Thief of Wall Street
  • #491,391
  • Jul 16, 2011 5:05am Jul 16, 2011 5:05am
Quoting Togu
How well do you guys cope with losses? Do you think that psychology 80% while MM and Strategies 10%?

Its not psychology,,,not 80% ...Imo.

Strategies...yes....But it should be such that it is precise and you understand what it means.....and should work time and time again..

OTHERWISE IT IS A GAMBLE.... but much better than Casino though..


SR

PS: Market will give you something if you are patient...
Markets are not Random, they are designed!
  • #491,392
  • Jul 16, 2011 5:06am Jul 16, 2011 5:06am
Quoting Larseg
Its hard unless you have reached the break even line or actually is slightly in positive quite consistently....

Are you in a Draw Down?



----------volatility pic in pips----------
I have up and downs. Recent DD was around 25k that I lost. At that point my whole trading has changed but for the better.
  • #491,393
  • Jul 16, 2011 5:14am Jul 16, 2011 5:14am
Quoting Togu
I have up and downs. Recent DD was around 25k that I lost. At that point my whole trading has changed but for the better.
and i dont know where to get the required funds from to trade for a life....

lol...

life is unfair : p
Hero calls followed by margin calls...
  • #491,394
  • Jul 16, 2011 5:19am Jul 16, 2011 5:19am
Quoting PhAnTi'
and i dont know where to get the required funds from to trade for a life....

lol...

life is unfair : p
You give me your right hand and I give you that money ......... deal?
You never know what else comes with money.
The Thief of Wall Street
  • #491,395
  • Jul 16, 2011 5:30am Jul 16, 2011 5:30am
Quoting Raza
Its not psychology,,,not 80% ...Imo.

Strategies...yes....But it should be such that it is precise and you understand what it means.....and should work time and time again..

OTHERWISE IT IS A GAMBLE.... but much better than Casino though..


SR

PS: Market will give you something if you are patient...
Hey raza... My 3 bullish drive chart may still be on play.. Are you on Skype?
  • #491,396
  • Jul 16, 2011 5:47am Jul 16, 2011 5:47am
Quoting jaylovin
Hey raza... My 3 bullish drive chart may still be on play.. Are you on Skype?
yes ..on skype
Markets are not Random, they are designed!
  • #491,397
  • Jul 16, 2011 6:05am Jul 16, 2011 6:05am
Quoting Togu
I have up and downs. Recent DD was around 25k that I lost. At that point my whole trading has changed but for the better.

Not sure where you want with this question, I have been trading stocks for a living since 2004 and have never had such a big DD...

However, I can see how it would happen if I
A: had too much money too start with or
B: Had been trading recklessly and profitably for a shorter time before it all went south...

I aim for 2x of what I need every month and I think % all the time,
I am also very lucky having literally no stress in my life and I can stop trading for more than a year and still be fine economically... This makes a very big difference..

I also believe that if you think like a shark you will become one eventually, putting on fewer trades and better hit rate...

I said it before and I say it again, you have to use your head while trading.... If something doesn't make sense, wait until it does... Dont follow the indicators recklessly...

A draw down like that should have been planned in your equation, bring everything back to how it was when you were trading profitably...

got a bit carried away there......

Are you back to Break Even now or?
  • #491,398
  • Jul 16, 2011 6:12am Jul 16, 2011 6:12am
Quoting Larseg
Not sure where you want with this question, I have been trading stocks for a living since 2004 and have never had such a big DD...

However, I can see how it would happen if I
A: had too much money too start with or
B: Had been trading recklessly and profitably for a shorter time before it all went south...

I aim for 2x of what I need every month and I think % all the time,
I am also very lucky having literally no stress in my life and I can stop trading for more than a year and still be fine economically... This makes a very big difference..

I...

Most forex traders (because of the possibly low equity driving a high amount of cash) are wishing too much, I think many in here might be pushing 50-60% a month putting on 100+ trades a month... very, very, very few people can play it like that...

And if you stop for a while and think about it, it makes total sense as you are ending up scalping for profits until the trend turn on you completely and wipes you out for a massive one, when fear becomes fear its over...

trade confirmed trends for a shorter time and then leave... leaving the screen is funny enough one of the biggest reasons you picked trading, you were keen on having a life...
  • #491,399
  • Jul 16, 2011 6:18am Jul 16, 2011 6:18am
How many accounts live you blown guys before start make profits? Or how long you was training on demo?
  • #491,400
  • Jul 16, 2011 6:21am Jul 16, 2011 6:21am
Quoting Ravissek
How many accounts live you blown guys before start make profits? Or how long you was training on demo?
Chicky is the most experienced person to reply this question
Trade responsiblypatience is the key/Swing trader
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