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Hanover - can you help me with MT4 qs please? 4 replies

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Hanover replies to PMs

  • #381
  • Dec 26, 2015 6:29am Dec 26, 2015 6:29am
Dear David,

Would you possibly have time to look into creating this "TD ROC II" osciliator over the Christmas Holidays?:
http://www.forexfactory.com/showthre...48#post8600448

Merry X-mas and all the best for the New Year!

Revinco
Attached File(s)
File Type: pdf 26-12-2015 13-17-23.pdf   56 KB | 479 downloads
  • #382
  • Dec 26, 2015 2:17pm Dec 26, 2015 2:17pm
Quoting revinco
Dear David, Would you possibly have time to look into creating this "TD ROC II" osciliator over the Christmas Holidays?
Hi,

Sorry, but I'm no longer doing any programming unless the EA/indicator is useful to me personally.

However, I found two ROC indys in my archive, and I've attached them. I haven't tested them; I leave that to you.

NOTE: I recommend installing the .ex4 files only. These should run OK on any MT4 build. However, if you attempt to compile the .mq4 on build 600 or later, you'll likely get errors (more info in this thread). I've attached the .mq4 source file in case another programmer wants to update it, and then make any necessary enhancements.

Alternatively, the programmer could compile the indicator 'as is' using the build 509 compiler. (Don't worry if this seems unduly complex; simply pass this info onto a programmer, and he will know what I'm talking about).

Compliments of the season to you also.

David
Attached File(s)
File Type: ex4 ROC1.ex4   2 KB | 325 downloads
File Type: mq4 ROC1.mq4   2 KB | 425 downloads
File Type: ex4 ROC2_VG.ex4   5 KB | 331 downloads
File Type: mq4 ROC2_VG.mq4   4 KB | 429 downloads
  • #383
  • Dec 26, 2015 10:14pm Dec 26, 2015 10:14pm
Quoting hanover
{quote} I have had accounts with both Pepperstone and AxiTrader over the last few years. Neither have ever cheated me. The economic info/news feed is part of a paid mentorship course. I'm not necessarily endorsing the mentorship (although it's probably fair to say that his opinions are as good as anybody else's). Instead, I use it mainly because it saves me a lot of legwork, by having a summary of different news items (from sites like bloomberg, forexlive, centralbanknews, efxnews, etc), plus a printed/audio news feed, all in the one place. Arguably...
Hello David I was away from trading and factory since august this summer. I am going to choose a best broker now for London UK and want to know if pepperstone or axitrader is better for you. Thank you

Can these brokers run your currency meters is most important for me.
  • #384
  • Dec 26, 2015 11:45pm Dec 26, 2015 11:45pm
sorry another question I wanted to ask of you do you think it is ok for my live brokers who give deposit bonus like 100% or is this a flag?


DMMFX now has 100% and also 30% more for 130%



http://www.dmmfx.com.au/promotions/
  • #385
  • Dec 27, 2015 12:07am Dec 27, 2015 12:07am
Quoting vasalahaimer
sorry another question I wanted to ask of you do you think it is ok for my live brokers who give deposit bonus like 100% or is this a flag? DMMFX now has 100% and also 30% more for 130% http://www.dmmfx.com.au/promotions/
Who cares what they offer? It won't make a fucks difference to you, nor to them, when you bust the account.

The fact that they can make such offers just goes to show how shit retail traders are - so shit brokers will voluntarily buff your account for you, and it'll all end-up right back in their pockets. Unless they are shown to be a scummy broker who messes with your latency or gives unreasonable quotes then it's all just marketing because there is no risk to them.

This is a non-question that has no relevance to much of anything.
Congratulations ScalaFX for coming out of the closet!
  • #386
  • Dec 27, 2015 11:26am Dec 27, 2015 11:26am
Quoting hanover
I found two ROC indys in my archive, and I've attached them.
Many thanks Hanover!
  • #387
  • Edited Dec 28, 2015 2:50am Dec 27, 2015 11:46pm | Edited Dec 28, 2015 2:50am
Quoting vasalahaimer
I am going to choose a best broker now for London UK and want to know if pepperstone or axitrader is better for you. ....... Can these brokers run your currency meters is most important for me.
I've been using both Pepperstone and AxiTrader spasmodically for 6 years now and neither have cheated me. Pepperstone has vast resources (details here). Earlier this year there was a rumor that they had misappropriated some client funds, but it turned out to be a hoax.

If you're worried about your funds being secure, there's no need to deposit all of your trading capital with your br0ker; you need to retain only enough to avoid a margin call (plus a little more to allow your current trades some room to recover). It's quick and cheap enough to wire additional funds, if you get into drawdown. And it's the smartest use of leverage that I'm aware of.

Attached is an image showing a couple of my currency meters running happily on Pepperstone. However, it doesn't matter whose currency meters you use, as they all achieve much the same goal. There are a list of them in the green typeface in this post. Moreover, you don't need MT4 to view currency strength and weakness; this webpage is as good as anything else that I've seen. Bottom line is that a currency meter is just another type of lagging indicator; it's arguably more important that the currencies in question have some kind of fundamental backing, e.g. an unexpected tier 1 news outcome.

I agree with nubcake about br0ker bonuses. They represent little more than a marketing ploy. If you're already a profitable trader, you don't need the bonus; and if you're not, it will only delay the inevitable -- and probably not for too long. Also, be sure to read the small print, as some bonuses require that you trade a minimum volume over a certain period, in order to retain the bonus.
Attached Image (click to enlarge)
Click to Enlarge Name: PPI 012.png Size: 95 KB
  • #388
  • Dec 28, 2015 6:13am Dec 28, 2015 6:13am
Quoting hanover
{quote} I've been using both Pepperstone and AxiTrader {image}
thanks hanover yes Im nervous about funds I had alpariuk from last year so only got the payments only months ago but I know this is not the same. I wonder if it is so strange for this big bonus this means they will trade against me because their profits are not only just my spread payments. I feel this is what nubcake is telling me so it is true.


I have learned from your meter mt4 that gives the list from best to worst but have never seen this like how it is on finviz.com how it is very simple. I need how the meter right after news shows what is the best right away.
  • #389
  • Dec 28, 2015 9:15am Dec 28, 2015 9:15am
As client's money is kept in National Bank of Austraila, as long as this bank doesn's go insolvency, i think my moeny's safe. But not sure if Pepperstone goes insolvency, its creditors still can touch client's money in this bank......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #390
  • Dec 29, 2015 9:01pm Dec 29, 2015 9:01pm
so regulations keep clients money separate and safe in national bank of australia
  • #391
  • Dec 31, 2015 6:52pm Dec 31, 2015 6:52pm
Hello Hanover,
I wanna ask you a question martingale and leverage if you dont mind. Ok, lets say i have a 50k demo account with max leverage set at 50. Now i would like to start the martingale by risking 1k. So starting the martingale at 1k on a 50 k account, the max level it can reach is 5 ( 1k-2k-4k-8k-16k-game over).
So my question is, do the size and leverage of my account allows me to go until the 5th level, will i be able to open the 5th trade (16k) knowing that i have 35k left in the or do i need more leverage and margin ?
Hope it makes sense. Thanks.
  • #392
  • Edited 12:18pm Jan 1, 2016 3:13am | Edited 12:18pm
Quoting metta87
I wanna ask you a question martingale and leverage if you dont mind.......
The simple answer is that I don't know for sure: I would never use martingale, and I've never risked more than 2% equity on a single trade.

However, as best as I understand it, 'margin used' depends on the position size (number of lots), NOT the risk.

According to Oanda, the calculation works like this:

Suppose you are trading the XXXYYY pair, and your account is denominated in ZZZ, then

margin_used = current_exchange_rate_of_XXXZZZ x (number_of_lots x 100,000) / max_leverage_allowed

Notes:
 if XXX=ZZZ, then the exchange rate of XXXZZZ = 1
 if you have the rate for ZZZXXX but not XXXZZZ, then the exchange rate of XXXZZZ = 1 / ZZZXXX
 if YYY is JPY, then 1 lot = 1,000 units, i.e. replace the 100,000 in the formula with 1,000

Example: you open a trade of 1.6 lots EURAUD, your account is denominated in USD, and your br0ker allows 50:1 leverage, then

margin_used = current_exchange_rate_of_EURUSD x (1.6 x 100,000) / 50
= 1.0841 x (1.6 x 100,000) / 50
= 3469.12

i.e. that position would use up $3,469.12 of your available margin

Hence I assume that your br0ker would allow a 1.6 lot trade on EURAUD providing that you have at least $3,469.12 in your account. In other words, I'm assuming that your br0ker operates according to the rule that the margin required to open a trade is the same as the margin that would be used if the trade was already open. (I have no way of knowing, but some br0kers may require additional margin as a 'buffer'). Of course you could always contact your br0ker and ask them.

(If I'm wrong about any of the above, then -- anybody -- please feel welcome to post a correction).

Anyway.............
Why not simply open a $35k demo account with 50:1 leverage, and then try to open a trade with the required number of lots for your $16k risk, and see if MT4 allows the trade to be opened?

You could then repeat the exercise with progressively lower lot sizes, to test the above formula. For example, suppose your account is denominated in USD. Then by choosing a pair USDYYY (e.g. USDCHF), the exchange rate part of the formula becomes 1 and can be ignored. Open a 1 lot trade in USDCHF and see how the 'Free Margin' (aka available margin) in MT4's terminal area operates, as the price moves (I believe it equals the Equity minus the Used Margin). Then close the 1 lot trade, and open a 2 lot trade, and confirm that the Used margin is double that for 1 lot. And so on. Then delete that demo account, and open a different account with (say) half of the previous account's leverage, e.g. 25:1 instead of 50:1, and see how the Used margin and Free margin values differ from the previous tests (the Used margin should be double, for the same lot size). Eventually you'll discover for yourself how the margin/leverage calculations work.
  • #393
  • Jan 1, 2016 5:10am Jan 1, 2016 5:10am
can this type of email alert sir u made , 300,400,500,600,700 lwma lying on each orther order these velue is in with in x pips .this sitution come in every pair every day. when it come i put buy stop and sell stop order.
Attached Image
  • #394
  • Jan 1, 2016 5:16am Jan 1, 2016 5:16am
Quoting high321
can this type of email alert sir u made , 300,400,500,600,700 lwma lying on each orther order these velue is in with in x pips .this sitution come in every pair every day. when it come i put buy stop and sell stop order.
Sorry, but I'm no longer coding or troubleshooting indicators, unless it's a really quick job, or the indicator or EA is useful to me personally. You could try posting in one of the "I code your indicators for free" threads, and perhaps somebody else can help you. Or if you're willing to pay for the work, you could try MQL or elance.
  • #395
  • Jan 1, 2016 2:09pm Jan 1, 2016 2:09pm
Quoting hanover
{quote} The simple answer is that I don't know for sure: I would never use martingale, and I've never risked more than 2% equity on a single trade. However, as best as I understand it, 'margin used' depends on the position size (number of lots), NOT the risk. According to Oanda, the calculation works like this: Suppose you are trading the XXXYYY pair, and your account is denominated in ZZZ, then margin_used = current_exchange_rate_of_XXXZZZ x (number_of_lots x 100,000) / max_leverage_allowed...
Thanks, im gonna do as you said and open a demo 35k to play with the lot and see for myself. I think its gonna easier for me to understand.
  • #396
  • Jan 3, 2016 12:39pm Jan 3, 2016 12:39pm
Hi David,

First of all excuse me I am writing you here. I couldn't send you PM because of new account, I guess.

I was trying to find the best way to get exported FX calendar into CSV file for my cAlgo and I came across your "News Downloader.exe". I'm wondering if you could share source code with me so I could write something similar for my project? I would really appreciate it.

Best regards,
George
  • #397
  • Jan 3, 2016 11:23pm Jan 3, 2016 11:23pm
Quoting high321
can this type of email alert sir u made , 300,400,500,600,700 lwma lying on each orther order these velue is in with in x pips .this sitution come in every pair every day. when it come i put buy stop and sell stop order. {image}
Hello High321, can you please share the indicator for the 5 lines (red, blue, yellow, pink, yellow)?
This looks like an indicator to measure the momentum of the price?
  • #398
  • Jan 4, 2016 2:57am Jan 4, 2016 2:57am
Quoting ShepherdL
{quote} Hello High321, can you please share the indicator for the 5 lines (red, blue, yellow, pink, yellow)? This looks like an indicator to measure the momentum of the price?
it is very simple liner wetigh moving average of 200 300.400.500,600, 700
Attached File(s)
File Type: tpl ma band.tpl   62 KB | 299 downloads
  • #399
  • Jan 4, 2016 3:12am Jan 4, 2016 3:12am
Hi David,

I`m currently about 3 and a half years into trading and would like your honest opinion. I've learned MQL4 about a year ago and developed several EAs which SHOULD BE profitable in the future. The EAs I've developed are currently being tested on a private server for few months now. The best one is trading DAX and currently it is making from 5-7% per month. The system is based on price action with a SL on every order but I don't want to go into any more details. I'm planning to let the test run for several more months, and if it goes according to the plan I`m not sure what the next steps should I take and wanted to ask your opinion. I currently don't have sufficient capital to fund the account etc... so if you were in my shoes what would you do? Would you look for investors? or would you rather ask your family and friends to invest into your account? Or any other suggestions?

Best Regards,
Richard
  • #400
  • Jan 4, 2016 3:42am Jan 4, 2016 3:42am
Quoting Sandmann
Hi David, I`m currently about 3 and a half years into trading and would like your honest opinion. I've learned MQL4 about a year ago and developed several EAs which SHOULD BE profitable in the future. The EAs I've developed are currently being tested on a private server for few months now. The best one is trading DAX and currently it is making from 5-7% per month. The system is based on price action with a SL on every order but I don't want to go into any more details. I'm planning to let the test run for several more months, and if it goes according...
Richard whatever path you take do not ask family and friends or take out loans etc. The pressure it will put on you to make returns will be immense. If something goes wrong .......... just not worth it. Just my opinion. Good luck. (Hi David long time hope you doing good).
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