I recently noticed that the newest auto update to MT4 changed the volume of bars. This caused my MT4 to load extremely slow and have a hard time keeping up on fast moving candles. The solution is quite simple actually. If you use a 2000 signal line ...

LFX Trading Proverbs

I like the CCI setting 12 with a 6 crossover. You are getting closer Only this is not the CCI I use I use FX Sniper's Ergodic CCI, though some say it isn't really a CCI. Also, consider changing the bband to 34? In effect, it will make it a ...

LFX Trading Proverbs

Sorry, been away for a bit. Did not know you were responding on my thread. Glad to see you found the MACD candles. I searched around for a mq4 and I think I found one, but the guy wants me to sign up to his crap in order to get it, so I didn't get ...

LFX Trading Proverbs

Sorry to invoke an emotional response from you. That isn't good. You should approach trading with an open mind and as a serious business. Emotions have a tendency to produce negative trading results. Not a real big fan of being called smart-azz ...

Profitable strategies in range trading conditions

Merely from observation, and no facts, I would say Bill Gates could exponentially grow his account because he sells a consumable product. He does give away a lot of money though. Warren Buffet on the other hand is a buy and hold trader. So unless ...

Why the rich could not become richer?

? Not sure I understand your question. I know when to enter and exit. It took me many years to figure it out though. Unless you are super lucky or super good, it will take time for you to figure it out. I was referring to a comment about the ADX. I ...

Profitable strategies in range trading conditions

The indicator I use that accurately displays when you are in consolidation, when the consolidation ends, which direction price is going when it ends, and even when that trade ends...starts with a Q. Even if you figure out the indicator though, you ...

Profitable strategies in range trading conditions

Yes, I am a range trader. I do not trade sideways though?? That does not make sense. You only profit when price moves up or down. I trade 5M charts to give myself the most range of price movement opportunities that can be accurately measured most of ...

Profitable strategies in range trading conditions

The center line of your bollinger band is a 20 period simple moving average. The stochastics 14/3/3 approximately follows the 14 simple moving average. If you draw a 50 level line on your stochastics, it will closely mirror when price crosses the 14 ...

Bollinger Band & Stochastic

Just saw this thread url Now we can see why FXCM is trying to price their business like an equities broker. Oh well, I guess it is their business to ruin. Really there is no point in complaining about it because their long-term goal is going to ...

FXCM Discussion

After reviewing the strategy it appears to simply be a marketing tactic. If you do not trade one of the "14" designated currency pairs, your transaction cost will actually go up. For instance, the average spread on USD/DKK is 5.5, however it never ...

FXCM Discussion

The ichimoku cloud is not too much different from a MACD. Not sure if you will find this useful, but I have attached a few indicators you might be interested in. 1. MACD arrow/alert. If you input 3 settings it will go off on the main/signal cross. ...

Ichimoku Cloud Break Out Email Alert

I have attached indicators that can do your request in meta trader. The pivot points indicator will automatically draw them on your chart for you and the 3-level zz will show you historical swing high/low points. Right click on each one and click ...

a newbie in need of help

While I agree that you can earn a year's expenses in a week, you need an account size capable of doing it, and a budget you are happy to live within. If you do not have that account size yet, then you have to keep trading until it is. It is a great ...

Advisability of setting a monthly target

Sounds about right. You can also upgrade to a trade copier and then you can expand beyond your one broker.

Help managing multiple accounts

I admit that I do not care much about candlesticks or their voodoo. Since their invention there have been changes in the mathematics of measuring samples and determining relationships and control limits. This "new" math outperforms ANY candlestick ...

We were fools to believe candlesticks can predict

It is most likely due to government interference with the free market. They inject money in crisis to support the market, and public opinion of it, to try to avert a panic.

We were fools to believe candlesticks can predict

I trade the 5M chart everyday. The stochastics is not ideal because it cannot show the range properly. It has a tendency to reach its upper/lower range and get stuck there. To compensate I use a stoch 12/1/3, with a 4 SMA and 8 SMA drawn on top of ...

5_15 Minute stochastic scalping on 1 Min TF

You are using stoch settings 11/3/3 from 5M and 15M to trade the 1M. So basically, you are comparing the 14 SMA of the 5M against the 15M on a 1M chart. If your intent is to trade the 14 SMA on the 15M and/or the 14 SMA on the 5M chart then you ...

5_15 Minute stochastic scalping on 1 Min TF

I could not remember the password to my old blog, so I made a new one. I moved each of my proverbs to it. Not sure if I will import much of the older posts because some are proverbs now. Also I created a page to track my new 1M system I developed ...

LFX Trading Proverbs