Hi Warper Not quite sure what you're asking, but does this help? Trading xxxUSD (where xxx = any currency) each pip is worth $10 per lot traded. So, if you have a $1,000 account, and trade 1 lot, each pip = $10 = 1% of the account, regardless of ...

The simplest question about MM

Thanks very much for the feedback — Thanks very much for the feedback. Your time and effort is much appreciated. Mike, I’ve followed the J16 material so hopefully understand the basics of pin bars. I had several demo accounts running ...

Question for experienced traders: what am I doing wrong?

Hi Closetender As a starting point, count the number of left and right parentheses in the following two lines of code: pivots[PIVOT_M4] = NormalizeDouble((pivots[PIVOT_PP] + (((2 * pivots[PIVOT_PP] - prices[PRICE_LOW]) - (2 * pivots[PIVOT_PP] - ...

Help me with pivot point

How do you calculate this? David

A clever money management system wanted

Pivot calculators & indicators — Joyliabi1, welcome to the forum. See my post (#2 in the thread) here: url (there are also pivot indicators for MT4 in the attachment to this post) Pivot point calculator here: url and also in attached ...

Help me with pivot point

Hi Qwert There are lots of ways of looking at leverage and risk. I like to keep things simple, so I think about them separately. Risk is the percentage of your account that you're willing to lose on a trade. Let's say you have a $10,000 account (for ...

anyone need help?

Yes, %R ("fixed fractional") is simple and effective. It means that absolute dollar amount risked decreases with the account balance, and conversely allows gains to be compounded exponentially; all while risk is kept consistent, percentage-wise. The ...

A clever money management system wanted

Accrete – Thank you for your response. I stand corrected. (Also good to see that the 1KT guys are still available to answer newbie questions outside of the Trading Room). Zzz – Wow, that’s an impressive pin bar in your example, and one ...

NEW!! - Candle Aggregation indicator

Nice idea, zzz, here are some of my thoughts, for whatever they're worth. In MT4 parlance, a robot trader is called an Expert Advisor (EA). I'm not an experienced MT4 programmer, but I believe that there are some limitations with EAs. For starters, ...

NEW!! - Candle Aggregation indicator

Two ways to create synthetic charts and candles — Hi Etrade Two possible ways to create synthetic charts and candles: 1. Candle aggregator indicator: download file and notes here: url 2. Period converter indicator: download file and notes ...

Custom timeframe

MM and expectancy — FrankS, the zeros on the Roulette wheel will kill you whether you employ a martingale betting strategy or not. If there is one zero on the wheel, the house edge against you is 1/37 = 2.70%; if there are two zeros, the house ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

Hi Ghitz I use the Sessions indicator (attachment and screenshot below). Draws rectangles showing highs and lows for each of Asian (green), European (maroon) and American (blue) sessions. Overlapping sessions automatically generate composite colors ...

need help with indicator

HA is an averaging method, hence it serves much the same purpose as MAs, and involves the same compromises: smoothness versus lag. As such, it is another trend-following indicator, that performs well in trending markets, and poorly when prices ...

Heikin-Ashi versus Candlestick

Decelerations and divergence...... — Couldn't resist making one further point..... Note how the deceleration in the upward trend reflects itself in all of: the slope in the green lines drawn through the swing highs; the slope of the blue ...

Help for Newbies (Discussion Thread)

I’ve re-posted the chart with a few more arrows, to illustrate some additional points. The yellow line and arrows highlight how resistance can sometimes later become support. Notice how the candle at the red arrow bounces off the support line. The ...

Help for Newbies (Discussion Thread)

Omsai, welcome to the FF forum — Omsai, welcome to the FF forum. I can not speak for Peter, but here is why I would likely go long in the blue boxes of the post that you refer to. I have redrawn the same chart, highlighting the same two points ...

Help for Newbies (Discussion Thread)

Yes, all of the MT4 charting facilities that are available with a live account are also available in demo. MT4 is used by many traders on this forum. It offers a trading platform, charting package, programming language, live feed, historical data, ...

Pivot Points

Pips4life, many thanks for the link to the AHA indicators. I will definitely take a look. _______________________ I assume you've seen the MTF (multiple time frame) indicators. If not, they're attached in the ZIP below. Re the MTF moving average, ...

NEW!! - Candle Aggregation indicator

J2FCM, I'm no expert re pivots, but I have dabbled with both pivots and Fibo retracements, and - if I may make one very uneducated generalization - I find that (especially in the higher timeframes) price tends to respect the Fibos more often than ...

Pivot Points