anyone need help?

MetaQuotes renaming of MT4 Experts Button to AutoTrading Button and the differences in function after the renaming -

Hey Guys I was hoping if anybody knows how to use the Signal Bars indicator by CJA I always see it on lots of charts and it must be a really great indicator

because according to CJA people are selling it on ebay when you can get it for free on ff

Hello,
Is there any way to predict how volatile the non farm payroll will be on USD or gold? I'm not interested in the direction, just in general
James

Hi John. I have just joined as a member of the Forex Factory. Thanx for you offer of help. I use the MT4 platform from a Macbook Pro. I am trying to figure out how to scroll forward 1 bar at a time on this machine. I looked online & was advised to use Function F12. This does not work on a Macbook & I am stuck. Can you help please? Thanx again. Niven.

This thread is perfect for me! Is there a rank BEFORE 'novice'? Because that's me. Long story short I've had a dream of being completely, 100% financially independent for some time now and a couple weeks ago problems with my chosen career finally came to a head and convinced me to pull the trigger. So here I am, three weeks later staring at my computer screen all day every day trying to figure out this whole trading thing. I've played around with a demo account for the last few months and about a week ago opened a real money account with $2,000 which is about all I have. Now before anyone berates me for dumping all my cash into a pipe dream, I want to make it clear that A) If I was absolutely desperate, I COULD go back to my career, but it would only be to earn more capital. B) I never do anything half ass and believe that the first step on any journey will be made easier if you burn any bridges behind you, thus making 'forward' your only option, and C) I'm not an impulsive man; I've thought long and hard and this is what I truly want to do.

Now that's said, let's continue.

During the course of my research and trial-and-error I've come up with a few rules that will govern how I trade:

1. Day trading! London open and New York open (I've noticed these are the most volatile times on EUR/USD and GBP/USD)
2. Trade one currency pair (for now) which will be the GBP/USD (seems more volatile on shrter time frames, whereas EUR/USD seems to be more friendly to traders who prefer longer term trades)
3. Naked charts; I've experimented with many different indicators, many combinations of same, different chart types, etc. and came to the conclusion that a naked OHLC chart is what's best for me. I've always been a firm believer in the K.I.S.S. method (Keep It Simple, Stupid)
4. Trade a maximum of four hours per day; from my observations it seems the best possible times for me to trade would be half hour before London and NY Sessions open +2 hours for each. This prevents burnout AND allows me more time to plan/research/generally be a sponge the rest of the day. And sleep (I'm on the US West coast so London open is midnight for me).

Thoughts, questions, concerns and constructive criticisms are always welcome.

Hi Guys,

I've a question, and I don't know is this the right place to place it or not, so excuse me if it isn't

I'm developing a trading system based on Hiekin Ashi candles, and want to ask how can I enter a trade on next HA candle open ?

I know that next candle is based on current candle values with some calculations, but how can I set a stop order based on that ?

And if I can't, is there a way to set stop order on next HA candle open what ever its open price is, I'm using MT4?

Thanks

1. Search the internet for EA that does required and modify if necessary.
2. Code an EA that does required.
3. Pay a coder - https://www.mql5.com/en/job
4. Execute trades manually.

Heiken_Ashi_Smoothed_Alert: Alerts at change of direction/color.

Thanks Phylo .. appreciate it

Can highly recommend Naked Forex by Alex Nekritin and Walter Peters. A very simple approach to trading using just the charts and R&S. I've read the book a few times now and the techniques work for me.

Hi everyone.

i want to share my experience with forex trading and would like to improve my skills. i would like to know what i am doing is
right?

i do trading with euro/usd pair and execute orders according to economy calendar eg. dailyfx.com/calendar so whenever i see there is an event for USD or EUR i execute my order a minute ago the event is starting.

MY question is:

if USD event have positive effect on market then EURUSD pair will go downward or upward?

for example: on Friday 27 May time: 17:30 there was US Data:

USD Gross Domestic Product (Annualized) (1Q S)
Actual: 0.8%
Forcast: 0.9%
Previous 0.5%

does this mean the actual effect is positive ?
please guide.

do other currency events like GBP, AUD or JPY e.t.c also effect EURUSD pair movement ? or only EUR and USD events effect this pair ?

Hi people. The reason why I joined this forum is to find a trading buddy to exchange ideas and learn from each other. I'm really passionate about trading and I did demo, extensive back testing, live trading (I managed to grow my account by 112% in 4 months, but then all went downhill ) in last 3 years. Despite losing I keep improving and keep learning. I read several books on trading forex and I did my own extensive research on forex pairs and their behaviour and I have some interesting findings. I started to program some strategies to test out to see how they work. I use history since 2001 until today to test any ideas I have (mostly simple, since my programming skills are still closer to advanced beginner).

Simply I feel I can offer a lot to someone who is equally passionate. I live in London and I'd like to find a trading buddy in London, so we can meet face to face and discuss trading forex.

After long search I decided to focus on "Trading Chaos" strategy from Bill Williams.

There are 5 levels how to get from beginner to expert trader. Last week I started on Level 1 Novice and my target is NOT TO LOSE MONEY AND GAIN EXPERIENCE. I did 10 trades since, 9 winners and 1 loser, with overall pips profit of 143.6 pips. I will be on Level 1 till end of June. The next level is Advanced Beginner and the goal will be to make consistent profit on a small account.

I believe 2 people will progress faster together.

Hi

I have been trading but haven't been able to perform that well.
Recently I am thinking about taking trading seriously. Like full time job kind of serious.

Appreciate if some one would Mentor me teaching me how to trade like a profession, trade for a living.
or
Also do share what a trader life is like. What is the career path like? What next job should I be looking out for? Should i go for trading classes so on...

Hi,

I'd appreciate it if anyone can tell me if it's possible in MetaTrader to modify an open order w/o adding a new one?

If I buy, say, 1000 units and then sell 100 and 200 units, is it possible to have only my original position open with 700 units instead of having 3 open positions, one long for 1000 units and two short for 100 and 200 units?

Also, how do I gradually close my open position? In MT I end up with a couple dozen orders that are actually one position, should I then use some script to close them all simultaneously?

Thank you,

The below assumes the account allows hedging.

a) If : Tools ►Options ►Trade ► [] One Click Tradiing is ticked.

Open MT4 Terminal (Ctrl+T) ► Righr click original position for 10,000 units (0.10 lots)► Modify or Delete Order ► change Type: from Modigfy or Delete Order to Market Execution or Instant Execution ► change Volume: to required value (eg., 2,000 units (0.02 lots)) ► Close (Yellow Button).

Orginal 10,000 position will be reduced to 8,000 units (0.08 lots).

b) If : Tools ►Options ►Trade ► [] One Click Tradiing is unticked.

Open MT4 Terminal (Ctrl+T) ► Righr click original position for 10,000 units ► Close Order ► change Volume: to required value (eg., 2,000 units) ► Close (Yellow Button).

Orginal 10,000 position will be reduced to 8,000 units.

c) Alternatively : Right click position line on chart ► Close or Modify - according to status of [] One Click Trading

I see, thank you!

Hi folks,

I've been searching for a working 'one cancels other' MT4 Ea... had downloaded a couple but they don't seem to work.. I just need a simple one that does what it's suppose to do.. cancel the remaining pending order once the opposing order has been filled.. thanks in advance. Baloo

How can i retrieve historical data from marketieconomics.com?

I was wondering if anybody had a working automatic stop loss script or expert? Ive tried a bunch of different ones but none seem to work with my MT4.

The below EA is tried and tested beyond doubt.
In Windows '64' place in Experts folder via File ► Open Data Folder.
If more than one terminal is installed open ► origin.txt file to identify the MT4 Terminal.

a) SL + TP EA download.

1. Automatic - operates when a position is opened.
2. EA to be on chart before a position is opened.
3. SL & TP settings are in points not pips.
4. 200 points = 20 pips.
5. To disable SL or TP set to 0.

b) Stop Loss and Take Profit Scripts - script for MetaTrader 4

1. Not Automatic - for manual operation after a position is opened.
2. Drag preselected SL or TP script on to chart
3. Drag any other preselected SL & TP script to change SL & TP.
4. SL & TP settings are in points not pips.
5. 200 points = 20 pips.
6. Link -Stop Loss and Take Profit Scripts - script for MetaTrader 4 - https://www.mql5.com/en/code/11087

Note:

1. Scripts work on a one-off basis.
2. EAs work on a continuous tick update basis.
3. So if the SL + TP EA is on the chart and a script is dragged onto the chart it will NOT work because at the next tick the EA will override the script.

hi,

Got some questions, please answer:

1/. What do you think are best indicators for short term trading, as in t1, m1, m5, m15, m30?

2/. now are a plethora of systems out there, ninjatrader, multicharts, trade station, metatrader etc, which would you recommend and most reliable pairing with which broker? for both auto and manual

3/ any good signal providers you can recommend?

I used metatrader a few years ago and it was so bad i gave up, now wanting to get back into forex trading as i think it is a good time, but this time with a reliable system and broker....

I see metatrader looks better these days, but what are thoughts on latest version ?


thanks