The problem with a widespread system is that people will start to outsmart the system and it will eventually collapse. For simplicity's sake, say that you buy on Wednesday and sell on Friday, which turns out to be extremely profitable. Somebody will ...

Systems and market reaction

Lonespruce asked this question about a week ago. Here's my reply, with the custom indicator. andersenws

Moving averages in its own indicator window

It is all up to you and your comfort levels. Maximal drawdown is the lowest point in your account balance during the testing. I know that clients of hedge funds do not tolerate drawdown, so this has to be very low for them. Profit factor is the ...

Question

IMO, unless you are trading the news, the spread should be relatively static, so I just know that in the course of a transaction, I will lose 3 or 4 pips. I don't care whether I'm looking at Bid or Ask because it is just three or four pips apart. ...

Bid and Ask charts

Sorry to burst your bubble, but this indicator is a joke. It repaints the bars of the past, so it appears to forecast trends amazingly, but the reason it does that is because it already knows what happened. Turn this indicator on and switch to the ...

EA Request..

From ForexRealm.com Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar ...

What is the Swap value mean?

I did a little reading on this and found stuff about the London fix, which is 10:30 am and 3:00 London time, but New York is a spot market, I don't know if they have a fix time, besides closing time. Here's a page for you to read andersenws

What is the NY Fix and NY cut

I only study EUR/USD so that's all I got for now. Also, it only goes for one year from about 08/04/05 to 08/08/05. The reason I stopped updating it was because I got Metatrader and didn't need to do painful spreadsheets anymore. I know it's not ...

Does anyone have Daily range spreadsheet?

When you are backtesting, maybe try "Every tick method"? Have you done that already? I don't know, this might be a hard one. andersenws

Using Bid in While Loop?

Sure, I got this one. Here's the custom indicator for a movng average in a separate window. Just so you know, all you have to do is open the indicator file in the editor, then change #property indicator_chart_window to #property ...

MT4 Moving Averages In Their Own Frame?

Thanks akuma, I neglected to mention that because my broker is on GMT. andersenws

Trade every day at same time

Nevermind, figured it out. andersenws

Problem with Indicator Values in EA

Ok I think I know what you are talking about. What you need to do is find the indicator in your custom indicators section of the Navigato tab. Then you need to right-click the indicator and click Modify. This will launch the code editor and the code ...

Editing a custom indicator

Where are my manners? I just realized it was your first post, so welcome to the Factory! There are lots of great people here willing to help you out, as well as a wealth of knowledge to learn from. andersenws

Using Bid in While Loop?

It took a while, but I never like to leave a question unanswered, so I figured it out for you. Here it is: Let's say this: Bid=1.2700 TrailingBuy=30 So, then this-- BuyPriceMax = Bid-(TrailingBuy*Point); while(Bid>=BuyPriceMax) { ...

Using Bid in While Loop?

if (Hour()==21 && Minute()==30 && Seconds()==00) { // 21 for 9.30 pm, replace with 9 for am OrderSend(Symbol(),OP_BUY,Lots,Ask,3,Bid-StopLoss*Point,Ask+TakeProfit*Point,,0,0,Green); ...

Trade every day at same time

4rex, If you are using Metatrader4, which I am using and suggest you do as well, you want to download the MT4 data. If you don't have Metatrader4 and would like to download it, just google it. Hope that helps, andersenws

Where can I find 1min historical charts?

Here are a few good links on moving averages. They all come from Investopedia, which is a great site to learn a lot about this stuff. SMA - http://www.investopedia.com/terms/s/sma.asp WMA - ...

Question On Different MA's

With my broker, you cannot change the period of indicators. That is what the number for the RSI is referring to. An RSI with a period of 21. the 5/12 emas simply mean to plot a 5 ema and a 12 ema. I use the free Metatrader4 to do this charting. It's ...

EMA / RSI?

Well thanks for ruining my replies, Merlin Yes, merlin is correct. However, the reason people say forex is risky is because most new traders do not understand how much they can lose and how quickly they can lose it, thereby putting themselves at ...

Forex or stocks, which one is more risky