Proverb #3. Getting only one third of a move will make you ridiculously rich. It is great to identify tops and bottoms. I use semaphores that are based on zigzag calculations and they number the tops and bottoms according to the momentum of the ...

LFX Trading Proverbs

Proverb #2. Do not force an indicator to work just because you want it to work. For instance, let's look at your standard MACD setting of 12/26/9. First of all, do you even know what those settings are measuring? Is your trading plan designed to ...

LFX Trading Proverbs

Proverb #1. What goes up must come down. What goes down must come up. If you trade pen and paper methods like all the Wall Street gurus want you to do, then you will not totally understand how useful this information is No, you will just say DUH, ...

LFX Trading Proverbs

It sounds like you are using a dealing desk broker. They make money on giving you the worst deal possible, and then trading against you. So, if you are joining the market direction, they want your entry as far away as possible. If you are going ...

How to explain this characteristic of a Broker?

Well said. If more people had your opinion that we should only read threads and not respond to them, FF would be an online magazine full of one liner articles. Thank you also for criticizing my suggestions for stops and then telling us all how ...

TEB: Random Entry - Coin Toss Great with R.R.R.

Yes, thank you

MT4 shuts down after installing Windows update

Despite everything, remember what is important is to only use what works. When I have helped people with their systems in the past, the first question I always ask them is what indicator do you never look at? Then I ask what indicator is not ...

TEB: Random Entry - Coin Toss Great with R.R.R.

Hi. I am not going to download or use your indicator, but it sounds like it alerts you to level line crosses? Or is it a new method for calculating stochastic? I just wanted to mention that the 50 line of the stochastic most likely crosses at the ...

Signal occurs at the candle closing

Thank you for clarifying you are only using a random entry. I missed that when I quoted the Law of Large Numbers. So, in that case, your entries should be 50-50 over time, but that does not mean you cannot make profit. The exit point can change your ...

TEB: Random Entry - Coin Toss Great with R.R.R.

If you want to learn about indicators, then you should study a little C++ programming, or at least become a little familiar with the coding of the indicators you like. To see the coding you use the Meta Editor. The easiest way to open the code is to ...

How to start learning Technical Analysis

The Law of Large Numbers dictates that at the end of your experiment you will break even...minus the spreads

TEB: Random Entry - Coin Toss Great with R.R.R.

Your mt4 should be in Program Files (x86) not Program Files. I have not had any problems with Windows updates, so it is something local to you, or a broken connection with your broker. If you can download mt4 from your broker, save it to some file ...

MT4 shuts down after installing Windows update

I am a range trader, so I can respond to your question. I don't trade 4Hr ranges though, like a previous poster referenced. In order to know the general direction of the market I use two tools. One, I place a moving average on top of my indicators ...

Why chase the trend instead of the range?

Let's review what kind of "trader" we are talking about. "Traders" using other people's money are not "traders", they are salesmen. Most of Wall Street "traders" are salesmen. They make their money by selling fundamental (news) information and ...

Hard Way, Easy Way

There is another way to determine the best time to trade for any currency you want. The attached files will tell you the best day and hour to trade any currency pair based on historical data. You set the time parameters. These are for metatrader 4.

The 10 pips challenge

If you only have one main indicator that you want a custom audio alert for, first make sure the sound is a wav file and is in the SOUNDS folder of your metatrader. Next, go to Tools / Options / Events and find "Alerts". Double click "alert.wav" and ...

Change alert sound in MT4?

I second the channel. Each day pivots points are calculated and the unwritten law is they don't get exceeded. Otherwise a country could be bankrupted. During the course of time the market makers cheat the pivot lines and they begin to collapse. ...

Hard Way, Easy Way

Ignore me like you did earlier. Sorry if you are offended for being called an investor. I removed my other posts and will let you explore at your own will. Good Luck

TDI H1 Chaos System