Let's find your indicator-ebooks for mt4

I am using this CCC AXN indicator but it seems to be resetting/clearing the graph every a trend change happens and this is interfering with my other EA's (Trade Manager EA by ForexToolShed). Is there another CCC AXN indicator that does not do this or can this one be edited? Any help is greatly appreciated :-)

Hello Kill,
Ladies and Gentlemen,

I wonder if someone has already coded an indi whitch displays the average liquidity in the market based on FF´s start site info....
Anyone?

Regards.

Red.

Pretty sweet little reference guide I ran into.

1. How to switch to the full-screen mode?
2. How to promptly attach indicators, expert advisors and/or scripts to the
charts?
3. How to get better positioning of the chart on the necessary time?
4. How to minimize "Terminal" window title bar?
5. How to create "Favorites" group with your frequently used
indicators/scripts/experts/accounts?
6. How to save traffic?
7. How to switch between several sets of symbols?
8. How to open the Popup prices window?
9. How to create the same Background and bars colors, indicators and objects
for all charts?
10. How to create a special profile for each account?
11. How to call the "Crosshair" object?
12. How to check vertical distances and the amount of bars between two points?
13. How to page through the chart bar by bar?
14. How to display closed positions and deleted pending orders in the chart?
15. How to easily place pending orders?
16. How to easily modify Stop Loss and/or Take Profit?
17. How to recover deleted object/chart?
18. How to print a chart?
19. How to set an alerting system?
20. How to set an email messages alerting system?
21. How to publish a report on FTP Server?
22. Indicators
23. How to attach indicators to a chart?
24. How to attach to the main window indicators that are opened in a
subwindow by default?
25. How to attach to subwindow indicators that are opened in the main window
by default?
26. Common properties of indicators attaching
27. How to build levels?
28. What is "visualization" tab?
29. File library in MetaEditor

thank you Kill, for helping with the guide

Hi Kill,

Do you know if there is some indicator which plots only the close price of a candle?

Regards.

red.

Have a nice weekend you all.

so help for newbies like me thanks a lot

G here u go

and the mids indi too

thanks.. i even put on some indies.. most indicate we should bounce lower. im not so sure

gonna s aj at 78.71 and L cad at 1.0272.. scalps? real close to entry atm 5/9 pips

equities flying we should retrace a bit

hi kill,

would you please tell me which formula you are using to calculate pivot point in your kill56 vodoo indi and also buyers,sellers,power numbers indicate what in this indi.

Thanks

[quote=kill56;5690821]Pretty sweet little reference guide I ran into.


I should build a statue for you

You are the best

read with me

Looking at the table in the previous article, we can see that while correlations do remain similar (for the most part), there are very clear changes that are reflective of macro economic influences and changes in sentiment. Correlations that exist today might not be in place over the longer-term, so pulling out to longer time frames will tend to give a more accurate picture of how each currency behaves in relation to its major counterparts.

Calculating correlations is actually a relatively simple process but these figures are posted in enough areas that making your own tables isn't totally necessary. So now that we know what these numbers are telling us, how can this information be used to structure trades and advantageously manage our total risk exposure?

Using Currency Correlations to Manage Risk

First, it should be understood that one of the most obvious mistakes that even experienced traders often make occurs when multiple positions are opened which have the total effect of canceling each other out. This can occur in instances where two currency pairs with historically high correlation levels are opened in opposing directions (for example, a buy is opened in the EUR/USD while a sell position has already been established in the GBP/USD).

While the argument can be made that there are acceptable reasons for doing this (such as evidence of a trend reversal or a newly visible entry zone that makes the new trading decision difficult to pass up), it has to be remembered that the overall effect of these opposing positions will be roughly neutral (removing the possibility for substantial gains). This will be more obvious when pairs that are commonly denominated (such as the EUR/USD and the GBP/USD) but the correlation tables can help us to identify important relationship in pairs that are not commonly denominated (such as in the EUR/USD and the GBP/JPY).

In other cases, errors can be made when similar positions are taken in highly correlated pairs (such as in the AUD/USD and the NZD/USD) are taken in the same direction (with both being buys or sells). There is the argument that taking the new position can be advantageous if the price levels are different (effectively improving your average price) but in essence, this is roughly similar to holding a double-size position in one of these pairs and in many cases this could violate your risk management plans.

Diversifying your Positions

Another way to advantageously use correlation tables is to view the readings as a means for diversifying your positions. Since pairs like the EUR/USD and the EUR/JPY have high correlation values, dual positions in these pairs can be used to express a certain market outlook (such as a risk averse market environment or a macroeconomic view relative to an individual country).

Keeping risk management planning in mind, positions can be scaled down and split into different pairs to avoid shocks or surprises relative to any single currency. Diversified positions can be opened when there is a potential event risk to be seen that will effect one of the currencies you have bought or sold. While the general direction of the correlated pairs is likely to continue to show agreement, the slight variation in the correlations in the diversified positions will reduce risk levels (albeit to a marginal degree).

Conclusion

For traders looking to balance risk, diversify positions, or to find new currency pairs to express a market view, correlation values can be an important element to consider before new trades are placed. Failing to understand how currency pairs behave in relation to each other can lead to unproductive (mostly neutral) positions or excessive risk exposure that could have otherwise been easily avoided. Given the drastic differences (or similarities) that some currency pairs posses, a proper understanding of these relationship must be present in order to effectively manage multiple trades.

more

Trading is like walking through a mine field. There are only a few right ways to go, but lots of wrong ways to go; and one step in the wrong direction – kaboom!

One of the most critical things to consider in your trading plan is how you handle your stop loss orders. It is important because, initially, you need to give the trade enough room to work. If your stop is too close from the start, at times you will be out of the trade with a loss that otherwise would have been profitable. Of course, the closer the initial stop is to your entry, the more likely it is to get hit. At the same time, if it is too far away, you’re giving it too much room to run against you.

After the trade is profitable, how much room you give your trailing stop is another critical decision. You need to give some room for pullbacks or you will be out of a trade that keeps on going without you still in the trade. On the other hand, if the market does reverse, you want to get out as close to the end of the move as possible.

The tough part about this is that the answers to these questions are different depending on your trading style (ie. Do you want to trade a few times or many times throughout the day?), what you trade, and how that market moves. Every market is different. It goes back to observing your market very, very closely until you know it extremely well.

Remember, the markets are not random, although they certainly seem that way at first. Behind the markets are real people with a lot more money at stake than we do. It seems to me that over very short price distances, markets appear more random and over larger price movements more consistent and predictable. If we can take a step back from the “noise” of the market and see the big picture, doing so will help us make profitable trades.

I want to share with you two experiences I’ve had at TopStep. On one occasion, I put my initial stop a little too close in the hopes of saving money if I was wrong. If I had given the initial stop one more tick of room it would have been a very profitable trade. On another occasion, using an OCO order without a trailing stop, the Dow mini’s went up nearly a full handle, coming very close to hitting my large profit target, but then coming all the way back down and stopping me out with a loss.

A good rule of thumb is, after a small or moderate profit, bring your stop to break-even; as the profit grows, don’t give back more than 50%.

Many Profitable Returns,

and more thanks to T L guys


Re: Trading Without a Chart



Biggest problem in trading is trading itself... It in itself attracts people who think it should be easy. There is a reason 1% take money from the 99%.... From my experience 99% are lazy aces http://www.traderslaboratory.com/for...stom2/crap.gif trading can be hard, cut throat & ruthless. Reality is why would I benefit from explaining to you what I do to take your money tomorrow to line my pocket? Good conscience?

Let me give you more help than I ever received.....

Please use your indicators, use trading systems curve fit to price bars & things that are easily back tested. Show everyone a chart where price touched your lines perfect & please go long the next time price sells off into your line.... I have met 100's of people you all think are guru's, if you only knew what was discussed at dinner over a bottle of booze. Most of them don't trade (Successfully anyway) but have a great marketing plan..

FYI: One individual (Who shall remain nameless because he is widely known...) said this at dinner after 1/2 bottle of wine....,"Nobody is interested in the truth, they just want the garbage that doesn't work.... so we sell it to them & why not if we don't someone else will". http://www.traderslaboratory.com/for...2/confused.gif

My advice to you put down the gimmicks, look at what the pro's are using because it does work & once you figure out that I'm right. You'll kick yourself for not doing it sooner & then your about 10,000 hrs from being a successful trader & that's if you can hold your emotions in check.

If you really want this you'll get there but you really have to want it..... There's no low hanging fruit here.... No such thing as a free lunch & you get what you pay for (at least they will make you think that when they try to sell you their b.s wares)

its a multi time frame try it on a demo and see if it works

[quote=omar79;5746901]
meet hala abo laith keefoo

Thanks for the reply. It is hard for me to use indicator without knowing the mathematic behind it.But i ll watch it on separate chart.

Any chance anyone can tell me what or where I can get the indicator used to display the IB in the image below.

Thanks

Search for DIBS indicator.