thats basically what the zigzag is i believe look in your custom indicators folder

Dow indicator

you dont have to be either. you can have small drawdown with high gains. it all depends on your strategy and the price that you get into a trade. ive seen systems with little or no drawdown with humonguous payouts. they just have to filter out ...

How Do you trade... ?

fyi, the MACD IS a moving average cross indicator. so youre really just confirming your original signal with the same moving averages. sort of redundant.

Profits

actually, many people do it. people trade the carry trade all the time. this is basically the same principle as what your talking about if i understand you right.

Set and Forget Outcomes!

go to options and make your line graph a diff color than your candles. this will show all dojis as that color.

Draw a label

well, even if this happens, we can still make money. there will always be differing exchange rates until there is a global currency or fixed exchange rates (which is highly unlikely). this will probably never happen because people just can get ...

If the world goes into recession, what happens to trading Forex?

the reason it affects them is that they still have to pay spread. if they didnt have to pay spread, neither would we, but if they are a forex broker, they have to pay spread. so if they pay spread, but they arent charging you spread, where are they ...

Would you trade more if broker fees were lower?

i meant 0-3 pips on all pairs if they are liquidity providers like a bank or something, then yes. if they arent liquidity providers they have no control over spread. if they give you smaller spreads, that means they are paying higher spreads ...

Would you trade more if broker fees were lower?

update: image

blacksun1 journal

you also need to remeber than the RSI doesnt show what the market is going to do, it only shows what the market did. you can use this data to make a guess as to what the RSI will do next, but you can never "predict" what the market is going to do ...

Relative Strength Index (RSI) Question!

theres also software out there that will search the charts for patterns and send you signals showing you the patterns. they do cost money though. if youre interested, check out autochartist

chart patterns

thats really shady. it means theyre probably charging you to hell somewhere else.

Proliferation of One/Zero Pip spread brokers

thats pretty much impossible though. brokers dont make the spreads, the banks they use do. spreads are all based on the number of orders at different prices in the market. these arent the regular retail orders, theyre the big bank orders. banks do ...

Would you trade more if broker fees were lower?

exactly, it doesnt matter how you trade because how you trade doesnt affect other people. some people are just retarded and think that everyone has to do what they do or eelse the world will explode. as for the difference in techs and fundies, they ...

Technical or Fundamental Analysis

if the whole world goes into recession at the same time, nothing will change because remeber, forex is all relative. even though all the countries in the world can have horrible economies, if they all descend at the same speed, they will all be the ...

If the world goes into recession, what happens to trading Forex?

i got an example that might explain it better. say your system works on a five min chart. it dies out after six months. pretend there have been a million candles in six months. take that system and put it on a four hour chart. it will take a lot ...

Trading Systems work for 6-12 mnths then die?

heres a volatility indicator:

What indicators can I use to measure trend strength?

just do a one period simple MA based on the typical price. it'll do the same thing. wherever the MA crosses the bar, thats the pivot point for that candle.

candlestick pivot

trades still going: image

blacksun1 journal