1/4/24 ...........
i am off to a terrible start...... my fault......
first few posts will be disorganized......
a script that calculates a set percentage return over a period of time.......
an example of multi time frame analysis.....
the 10 and 20 ma's are commonly used in trading......
imagine trades relating to the 10(smma) crossing the 20(smma) in multi timeframe fashion...... an idea that satisfies rule number 1......
my original thoughts were to start 1/1/24 with a 400$ oanda account, 50 to 1 leverage..... an amount that satisfies rule number 6...... then possibly add 100$ per week......
the indicator below works best on timeframes 15 and below...... the top row represents the 10 relation to the 20 on the 30 minute chart...... second row is the 60, followed by the 240 and 1440.......
in the audusd current chart, the 30, 60 and 240 all have their 10 below the 20...... only the 1440 has 10 above......
my plan was to take lower time frame sells when all 4 are red, buys when all 4 are lime...... within reason...... and subject to change.....
my trade size will be limited to 0.01 lots with occasionally 0.02...... margin required is the factor here......
only the eurusd, gbpusd, audusd and nzdusd would be traded........ this might change to 4 completely unrelated pairs......
there is a lot going on in that chart..... will explain later......
all code will be posted...... with mq4......h
//-----
i am off to a terrible start...... my fault......
first few posts will be disorganized......
a script that calculates a set percentage return over a period of time.......
an example of multi time frame analysis.....
the 10 and 20 ma's are commonly used in trading......
imagine trades relating to the 10(smma) crossing the 20(smma) in multi timeframe fashion...... an idea that satisfies rule number 1......
my original thoughts were to start 1/1/24 with a 400$ oanda account, 50 to 1 leverage..... an amount that satisfies rule number 6...... then possibly add 100$ per week......
the indicator below works best on timeframes 15 and below...... the top row represents the 10 relation to the 20 on the 30 minute chart...... second row is the 60, followed by the 240 and 1440.......
in the audusd current chart, the 30, 60 and 240 all have their 10 below the 20...... only the 1440 has 10 above......
my plan was to take lower time frame sells when all 4 are red, buys when all 4 are lime...... within reason...... and subject to change.....
my trade size will be limited to 0.01 lots with occasionally 0.02...... margin required is the factor here......
only the eurusd, gbpusd, audusd and nzdusd would be traded........ this might change to 4 completely unrelated pairs......
there is a lot going on in that chart..... will explain later......
all code will be posted...... with mq4......h
//-----