Another example (includes a loss) — All candles to the left of #1 fail to meet criteria (MACD > 0). #1 is triggered by #2, and meets profit target during #3’s move (66 pips at 1600 GMT). #2 fails to meet criteria (closes above EMA). #3 thru #7 ...

Swef System

Ubeee, great article (I'd expect nothing less from Dr Brett ), thanks for the link. I think he possibly contradicts himself though..... Compare "Myth #2: Anyone, with dedicated effort, can get to the point of trading for a living." with his later ...

How to deal with the losses??

Rugrat, Forex trading is scalable - you can play for any size stake you wish, provided that you have enough money in your account. For any xxxUSD pair: -- Each "standard" lot involves $100,000 -- Each pip ($0.0001) moved = $100,000 x 0.0001 = $10 ...

Anybody use IBFX Trader 4?

Pullback trader says: "buy weakness, sell strength" Breakout trader says: "buy strength, sell weakness" David

Trading maxims.

Jodie, Jokokendil, Something like this was discussed earlier in the thread. There is at least one reason why I don't think this can be done. Plot_News gets its data from FF calendar. Sometimes the "Actual" value in FF calendar doesn't get updated ...

FFcal - Plot News indicator

Nvwine, I'm pretty sure that you're correct - it's the number of KB downloaded and uploaded. As for the colors: I've tried Alpari, North Finance, WHC, WSD and IBFX. As far as I can tell, all show a green flag pointing rightward over a red flag ...

What does the MT4 kb download mean?!

I haven't gone away...... — Hi Fxstu, I’m back again, with another annotated example. Many thanks for sharing this amazing system. I haven’t tested enough setups to convince myself completely that it’s overall profitable, but it looks ...

Swef System

Bobcat, IMHO you are correct in considering both win rate and win size. It's also called "expectancy" or "profit factor" and is built into MT4's system tester. More info here. [Edit] I also agree that "pips per week" is effectively meaningless, for ...

150-200 pip/month without technical indicators.

Fibos — Ade, 1. Yes, they are different. Standard Fibo retracements are predefined ratios (commonly used ones are 23.6, 38.2, 50.0, 61.8, 76.4) between two arbitrarily chosen swing points. More on these here. If I recall correctly, Vegas Fibs ...

The Difference Between Fibonacci Levels?

Jokokendil, thanks for the link. Plot_News is merely a tool for plotting news times and values on your MT4 charts. How you interpret and trade this information is up to you. If I understand you correctly, you're asking for a news trading EA. I'm a ...

FFcal - Plot News indicator

Version 1.31 is now available.......... — Version 1.31 can now be downloaded from post #1 in this thread. Full instructions there also. Fixes and enhancements in v 1.31 are: 1. FFcal.EXE app now starts maximized, and with a splash screen. 2. ...

FFcal - Plot News indicator

Hi Ahmed, I will make all windows resizable in version 1.30. However, I don't know how well this will solve your problem, because sizing the window smaller will simply mean that fields near the right and/or bottom areas of the window will no longer ...

FFcal - Plot News indicator

Fair enough, Mr Green, each trader has his/her own personal approach. The system I'm currently trading is very discretionary, but I believe that, provided I stay within its general principles, it will continue to remain on-balance profitable. I've ...

How to deal with the losses??

Ahmed, right-click on your desktop/wallpaper, and choose "Properties" then the "Settings" tab. Increase your screen resolution to the highest possible value. Does this solve the problem? David

FFcal - Plot News indicator

Rosscub: agreed, confidence is a psychological issue. But, hypothetically, would I feel more comfortable trading a system that (assuming 1:1 trades, to keep the concept simple) has demonstrated a 55% win rate, or a 75% win rate? For me, blinkered by ...

How to deal with the losses??

Thanks, Pippo, I will investigate this further. David

FFcal - Plot News indicator

If the only barrier is psychological, then simply use an EA that makes random entries and exits. Seriously, though, IMHO a profitable strategy is an essential prerequisite. The more confident one is that the strategy is profitable, the less ...

How to deal with the losses??

Maverick, try here You might be able to develop JohnW's concept further to suit your own ends. Good luck, David

How to profit off Stop-Hunting?

Just wondering..... — Just wondering..... does anybody know of an inexpensive (preferably freeware, LOL) software product that would allow me to make instructional videos for Plot_News, that I could upload onto (for example) YouTube? If ...

FFcal - Plot News indicator

Done.

FFcal - Plot News indicator