Hi jack sorry for the long wait i hope you all had a good summer .
With the 100 and 200 bar MA overlays ,what i do is set the horizontal lines to only show on the time frames that the chart is not on . If M5 100 overlay . I would go into:
Properties visualization
Uncheck show on all time frames
Click H1 and D1
That way the line dose not show on M5 but shows on the H1 and D1 .The clever thing is if you do the same for all the MA overlays and save the template to" Default" then it will automatically show all you settings every time you open up a chart simple ! .Their is no need to wast time opening indicators and fiddle with settings. Hear my template
Risk is never more than 3% understand good risk management then you can conquer the psychology discipline determination the patients to not aimlessly taking trades even if you are following good risk management you will still fail because of bad psychology .
10-30-60% formula ? This is so called "guru" formula, which are incorrect in many ways. No way to check or validate it.
In recent years, all trading technical got changed as finance computing, eg. algo, system automatic trading, AI, etc... This formula is out of date, but, some old, unsuccessful "guru, or tutor, or mad_off_type" etc. still quote this formula.
Mathematically is beautiful, the idea is to reverse the way a trader thinks . Dose algo take out psychology ? I would argue not an EA is patient methodical with no emotions all great psychology of successes .The strategy has to be proven to be profitable . If you start having less psychology than strategy then you find your self in trouble .
A high impact news event usually will clear the uncertainty . During non trending corrective periods which usually consists of 70% correction and 30% trending which in not fare wrong so 70% present of my time will be devoted to this strategy
Find which currency is driving the market .
Find the most probable currency that should catch up.
Find the border line and act agents it .
Taking profit on a the next relevant key level even if its 20 pips a day that's 400pips a month .
Currency market is often hard to know where is price in next few bars. So, many losers are for few winners.
There are lot of analysis methods for traders to use, eg. risk_oriented fundamental or technical analysis methods, directional_bias_oriented methods, trigger_oriented methods, trend_oriented methods, range_oriented methods, mean_oriented methods, boundary_oriented methods, levels_oriented methods, ...., too many.
There is a fundy analysis contest going there on dukascopy bank site. http://www.dukascopy.com/fxcomm/fundamental_analysis/?discus_event_id=689#actualEven
You can play or fight or enjoy the contest. There are lot of Miss Dukascopy --- sex girls --- Photo for you to enjoy.
Some lady traders like cycle method in their bio cycle feeling. http://www.youtube.com/watch?v=7yuul7IP0JY from you tube. Alex is quite good on this area. Alex Bernal && CMT presentation cycles. Alex Bernal, twitter, @InterestRateArb (https://twitter.com/InterestRateArb) Cycle is one of forecast tool. No many reliable forecast tool are in technical trading, I could find. ] A forecast will give you a edge in trading. Sma50 line, confirmation of trigger or entry, position size, risk control, candlestick patterns won't give you any edge in trading in large run. MA100, MA200 are not reliable, no predicative power.
Watch this video, Ehlers talk his predictive indicators http://www.stockspotter.com/In/PredictiveIndicatorsVideo.aspx Some John Ehler's indicators are here http://www.forex-tsd.com/metatrader-4/3479-all-john-ehlers-indicators-51.html
When you really, really wouldn't find the direction of next move, then, use super smoother, just follow it to trade small cycle.
This morning i added the E-book above to a speech to text program . I then uploaded it to windows live move make . The move is 45 minutes long so relax and enjoy . Take some notes if needs be !
Adaptive Average True Range will Adapt to market conditions . It dose not use fixed values the strategy is to take the Average True Range and pick the last high low of the zigzag Value. You can adjust the levels to suit your style of trading .
Updated version all in one moving average overlay still keep the old file to call the indicators .
Plus MTF Automatic Fibonacci Retracements . Professionally configured Monthly,weekly Daily displayed to lower time frame chart .Hover cursor over level to see the importance of the Retracement .
The Above indicator Fibonacci retracements will need more work .It is because it uses zigzag and calculates 3000 bars on each chart it uses Three time frames that is 9000 bars each tick it is far to CPU incentive the code is their to work on .The easy option is to convert it into a script . I have not yet fingered out how to use bars function in a zigzag can get bars back to start ,because on the complex calculations in the zigzag it is proving to be a little more difficult ...
Anyway hear is my latest version of the moving overlay .
NEW features added:
* All code into one indicator other MA overlay can be deleted
* Show MA Line true /false
* Select colour /width/ method / price /period /Time frame
* Moving average level will be shown on H1 and D1 charts if placed on the M5 chart ect ..
Another little scrip i created was to make a message box . Showing spread and how much equity your shouuld risk from you account balance is a very usfull tool
