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Any Rookies need some help

  • #141
  • Dec 12, 2014 6:01am Dec 12, 2014 6:01am
Quoting civician79
Hi, I wish to wish renko charts on my mt4 platform. I tried to google and follow the instructions by copy the link into the metatrader directory. But in the metatrader directory, there isn't any folder with the experts/indicators folders. Anyone can help me out? thanks
To find experts/indicators folders, you may have to open the location from MT4 Menu : File --> Open Data Folder. Then you will see MQL4 folder. Underneath is Experts , Indicators and others data folders.

Hope this helps.
  • #142
  • Dec 12, 2014 8:25am Dec 12, 2014 8:25am
Hi Thass,

I manage to done all that.
But the renko charts don't seems to be able to work.
All the research I got is from the mt4 build 600 or even lower.
The way to change some of the parameters don't even exist on my platform.
Any idea how to get all this solve?
  • #143
  • Edited 9:18am Dec 12, 2014 8:49am | Edited 9:18am
Are you using MetaTrader platform ??

What do you have for Renko builder ? Indicator or EA ? You need to put it on the right folder. Please tell me more info or give some screen shot.

I just google this for you ,it is for an EA one.
http://forexrenkotrading.jimdo.com/c...-chart-in-mt4/
  • #144
  • Dec 12, 2014 4:22pm Dec 12, 2014 4:22pm
This sounds promising. As a new trader. I think any all and all introductory terminology, tips, things not to do and things to do. I have been trying to learn the language myself. I personally enjoy watching short videos. Would you be posting some of those? If you made videos capturing your screen that could be really helpful. If the language and videos were simple, I think that could help a lot of people.
  • #145
  • Dec 13, 2014 10:09am Dec 13, 2014 10:09am
Quoting civician79
Hi Thass, I manage to done all that. But the renko charts don't seems to be able to work. All the research I got is from the mt4 build 600 or even lower. The way to change some of the parameters don't even exist on my platform. Any idea how to get all this solve?
use this indicator. then you should go to File>Open Offline and open the chart that has been created.
Good luck
Attached File(s)
File Type: ex4 Kadilak Renko Maker 1.4.ex4   14 KB | 341 downloads
  • #146
  • Edited 3:43pm Dec 19, 2014 1:51pm | Edited 3:43pm
  •  chisi
  • | Joined Dec 2014 | Status: Consistency leads to mastery | 53 Posts
Hey guys what do you think of my performance am a month old newbie..
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
Attached File(s)
File Type: pdf cupfr-pbrea.pdf   31 KB | 485 downloads
Experiments All Time Return: -29.8%
  • #147
  • Dec 29, 2014 11:01am Dec 29, 2014 11:01am
Quoting chisi
Hey guys what do you think of my performance am a month old newbie.. {image} {image}
It looks as though you are managing your money better (smoother graph). It also looks as though you were lucky to regain that drawdown. Post again in another month?
Gone to a better place
  • #148
  • Dec 29, 2014 12:20pm Dec 29, 2014 12:20pm
Quoting chisi
Hey guys what do you think of my performance am a month old newbie.. {image} {image}
Nice work! Great to see you regain some ground
Money never sleeps.
  • #149
  • Jan 2, 2015 5:14pm Jan 2, 2015 5:14pm
In spite of solving my own dilemma, I wish to make this post, which is my first post in the Forex Factory forums community. I found that pressing the up/down arrow keys on my keyboard solved my problem. This may help someone else, and that's good enough for me to post it. I hope you don't mind if I post this on your thread, trendytradin.

Originally intended post follows:


First of all, thanks for offering to help. I really need some help.

I'm working on building several profiles in MT4, and I'm almost finished with them.

The problem is my list of profiles is so long it is shown on my display from the top to the bottom, but when I move my cursor to the bottom to see the last profile in the list it doesn't move beyond what appears on the display.

Normally, any program will allow me to just hover my mouse over the bottom of a long list so that I can access whatever isn't shown on the display, as it automatically scrolls per my computer's settings. Interestingly, there is a small icon which looks like an arrow that appears at the top the list, but whenever I attempt to move my mouse over it, it greys itself out.

I'm new to the MT4 platform, so I'm still trying to figure things out, but I've come a long way in the past few weeks.

Any help would be appreciated.

Blessings!


Attached Image (click to enlarge)
Click to Enlarge Name: MT4 Profiles List.jpg Size: 523 KB
  • #150
  • Jan 6, 2015 11:25pm Jan 6, 2015 11:25pm
Yes. I am a coach myself, I specialize in prosperous living. As a rookie to the forex trading industry, I know I would personally benefit from having access to a trading coach with experience. Also the coaching industry is booming. It was the second fastest growing industry in the world last year. My point is that yes, coaching has value and if you have experience and I have a lack of knowledge, then I want to talk to you. I would encourage you to move forward and get things rolling. Experience and knowledge is very valuable. I'm always happy to learn! Keep me posted.
  • #151
  • Jan 7, 2015 3:06am Jan 7, 2015 3:06am
  •  chisi
  • | Joined Dec 2014 | Status: Consistency leads to mastery | 53 Posts
Quoting smikester
{quote}It looks as though you are managing your money better (smoother graph). It also looks as though you were lucky to regain that drawdown. Post again in another month?
Hey thanks, man. This one is now exactly 30 days of trading, got a few losses this time
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
Attached File(s)
File Type: pdf sab5d-10swh.pdf   41 KB | 350 downloads
Experiments All Time Return: -29.8%
  • #152
  • Jan 7, 2015 3:10am Jan 7, 2015 3:10am
  •  chisi
  • | Joined Dec 2014 | Status: Consistency leads to mastery | 53 Posts
Quoting Voro
{quote} Nice work! Great to see you regain some ground
Thanks man, trading is indeed a tough business..
Experiments All Time Return: -29.8%
  • #153
  • Jan 11, 2015 2:16pm Jan 11, 2015 2:16pm
I have a quick question. Do you guys use Stop Losses? Or do you just place the trade and watch it? If you do use Stop Losses, do you use the Guaranteed Stop Losses?
  • #154
  • Jan 11, 2015 3:16pm Jan 11, 2015 3:16pm
Quoting Kylie87
I have a quick question. Do you guys use Stop Losses? Or do you just place the trade and watch it? If you do use Stop Losses, do you use the Guaranteed Stop Losses?
Quick answer: Always. I endure lots of small losses because of this. My wins are usually 3 - 50+ times bigger. I don't know what guaranteed stop losses are.
Gone to a better place
  • #155
  • Feb 11, 2015 11:48pm Feb 11, 2015 11:48pm
Quoting smikester
{quote} Quick answer: Always. I endure lots of small losses because of this. My wins are usually 3 - 50+ times bigger. I don't know what guaranteed stop losses are.
interested. how far back to you set your stop losses? variable to the volatility or a set spread??
  • #156
  • Feb 13, 2015 11:58am Feb 13, 2015 11:58am
Quoting Spartanic
{quote} interested. how far back to you set your stop losses? variable to the volatility or a set spread??
The point at which a buyer or a seller fail.
Rgds
  • #157
  • Feb 16, 2015 2:37pm Feb 16, 2015 2:37pm
Quoting Spartanic
{quote} interested. how far back to you set your stop losses? variable to the volatility or a set spread??
For me it is a function of Risk:Reward, where the risk should always be less than the reward, and always less than 2% of my account. This should take into consideration any other exposure to a particular currency.

As I rarely use much margin on a trade, it enables me to set my stop loss behind some powerful support or resistance, usually the day high, or low. If I'm opening a trade it is often 1.5*(H1atr(24)) on the 5 minute chart for the SL and TP1. That's the hourly average true range. As I write, for Eur/Usd it's about 18 pips, so 27 pips is a good figure. Once a trade matures, then I leave more pips at risk in the hope of a runner for a few days. Your methods may vary.
Gone to a better place
  • #158
  • Feb 16, 2015 3:50pm Feb 16, 2015 3:50pm
a few phrases that confuse me, and seem to contradict each other

 

  1. let your profits run
  2. use a SL
  3. give your trade space
  4. Don't let a profitable trade turn in to a loosing one
  5. cut your losses and let the profits run


ive found that: while i close trades maybe too fast say +20 +30 pips, and miss out on a further 40,
the market rarely gives 70 pips clean in one direction.
today i had 20 pips on eur usd in the bag, and i closed it at BE.
2 hrs later i closed another trade +30 pips on the same pair, only for it to fall another 40 pips.

I feel lately, more shorter trades, profitable ones, are easier to achieve than those 50/60 pip profitable ones. usually it retraces on you, or you give it enough time and you want to close it before end of day or your not able to monitor it etc.

just a thought i had, when i seen a few replies here.

Twitter handle @rjtn_fxtrades
  • #159
  • Feb 16, 2015 4:37pm Feb 16, 2015 4:37pm
Quoting rjtn
I feel lately, more shorter trades, profitable ones, are easier to achieve than those 50/60 pip profitable ones. usually it retraces on you, or you give it enough time and you want to close it before end of day or your not able to monitor it etc. just a thought i had, when i seen a few replies here.
This is likely due to fluctuations in volatility.
Keep your eye on volatilies and adjust as need be. By doing this you'll be trading market feedback and you'll capture most of what's on offer.

There isn't much point dreaming about the big fish when only little ones are swimming about.
It's good you picked up on it, we'll done!
Regards.
  • #160
  • Feb 17, 2015 2:51am Feb 17, 2015 2:51am
Quoting rjtn
a few phrases that confuse me, and seem to contradict each other let your profits run use a SL give your trade space Don't let a profitable trade turn in to a loosing one cut your losses and let the profits run ive found that: while i close trades maybe too fast say +20 +30 pips, and miss out on a further 40, the market rarely gives 70 pips clean in one direction. today i had 20 pips on eur usd in the bag, and i closed it at BE. 2 hrs later i closed another trade +30 pips on the same pair, only for it to fall another 40 pips. I feel lately, more...
What you are talking about is a retracement. There are areas of the chart where you can join the hourly, daily trend and even the weekly trend. It's up to you to find those areas.

Take a look at this chart:

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd150217d.JPG Size: 144 KB


The yellow area blocked out signifies overhead resistance. It also coincides with the 61.8 fib retracement. Everyone and her sister will be looking for shorts there. So should we. It may not get there. It may go straight through. But, if we try for it and it works, the rewards are potentially enormous.
Gone to a better place
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