As with all manual trading systems, irrespective of the method of indicators used, you are at the mercy of volatile reversals. And that is the way of forex trading. More importantly is the use of proper money management and stop loss if you want to succeed over losses which will take place in...
Why of course you do have to have some brains to make any system successful with the practice and patience required.
I have managed to limit my trading losses to under $500 in 14 years.
There is a template for that file on your platform, and all the others provided go into the indicators file.
You need to download your MT4 platform from the Broker to find the templates and indicators files first.
Use the lines from the indicator to find the direction of the trend and always...
The system has a bunch of indicators that give you a pretty good idea where the action is heading.
It works for me on the H1 time frame whilst using the majors indices.
Cheers
Hello everyone, I have had some success with system, it is really quite easy to understand working with the provided indicators that I have on the H1 time frame.
Let us know how you got on,
cheers,
sport
Thanks for all your efforts on this one, it's appreciated.
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Because the trend goes in and out the projected path, you need to use a smaller lot size to compensate for the swings.
I have more on FXCC.
I ran an identical Algo on FXCC and Vantage. Everything was good until I got a pop up telling me that my account would be transferred to the Caribbean entity.
I thought nothing of it until I started getting a string of wrong orders in direction and worse was that it was not...
Starting out with low Base input is one of the main reasons for failure with new traders.
Couple that with ban money management, too high expectations, greed and fear and you have all the main reasons for failure, assuming that you are using a reputable broker. It's a journey however, and it's...
All good advice, but no mention of the fact that one of the most, if not the most important consideration is your money management. Newbies lose not only because of too little capital, but how they manage the little that they put in. Therefore lot size used and leverage applied.
Couple that...
I will give it a go and report back. The main problem I have with ea's, is that they can sometimes work over the short term but eventually blow your balance, and that is not necessarily using a martie either.
Is there any set files available and any other helpful info also?
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