You may have also come across the terminology of "covering shorts" and "covering longs", these mean you are reducing or ending your exposure to the short or long position you are holding. Not necessarily opening a new position in the other direction.

The Long and Short of it

Line charts would only give you the close prices at the peaks and not the highs & lows. So your TL's might be a little skewed. Support & resistance lines some people use the close / open price of candles, (the body) or the usual method the Highs ...

Line chart or Candle stick for Support/Resistance

MT4 has a built-in fibonacci Time Zones Indicator. You can add this to your toolbar.

Cycle indicator

Don't predict the market, react to it. If predicting was the way to go, why aren't fortune tellers the richest people in the world ?

Ashraf Laidi "calls"

A simple story of emotions, fear & greed. After a resistance level is broken, there are very few Sellers left, and they have lost money (in pain), and now there are more buyers present to push prices higher. (The sellers may also jump ship & join ...

Why does previous support become resistance and vice versa ?

That would be an Ma cross Alert that you are after. The fast Ma crossing over the Slow one, in the case of standard MACD would be the 12 ema/26 ema. Search the Forum for the above indicator, there are loads of them.

Macd with sound alert

Thank you once again, I should have realised it was that easy. Just testing to see which alert will be better for this method. Working well at the moment. regards,

Heikin Ashi Alert

Sangmane, thanks for that, I am learning what to look for in the code. Just one more question, How do I change the condition to signal when just one HA candle reversal appears ? I know it has to do with altering these lines: if ...

Heikin Ashi Alert

Should make this one a sticky, gets asked regularly

Why do they call the GBP/USD the cable?

I see what you mean, Thanks. Is it possible to move the arrow signals further away from the candle, so it sits outside of the HA candle ? appreciate your help.

Heikin Ashi Alert

Thank You Sangmane, a few problems : 1. The latest signal seems to have no arrow signal, maybe not refreshing ? 2. This is Heikin Ashi Ma, can it be the normal HA candle only ? 3. Just need the Buy & Sell arrows only, can use the normal HA candles ...

Heikin Ashi Alert

Thanks for that link, it is better than nowt as they say. It is almost there, it misses some signals. The condition is 2 up candles and 2 down candles, both consecutive. Alert panel, sound wav option would be a bonus.

Heikin Ashi Alert

This is an indicator, make sure it is in the indicators folder.

Calculate position size

I have in my collection, all credit to the programmer who shared it...... Select your risk percentage, your stoploss size (add extra zero for 5 digit platform) and it will give you, your account balance, pip spread, pip value, and lot size, as well ...

Calculate position size

Hi David, (Hanover), This indicator has a refresh problem. The HA candles colours change when you "re-install" the indicator. The past candles stay "frozen" in the wrong HA condition, until you refresh. Please check

Heiken Ashi Colour Only

Hi Hanover, I have your other indicator OHLC-HA, ( last 2 candles colour seems wrong until chart is refreshed) and this one prints different Heikin Ashi candles to the OHLC one posted here. Candles in history seem to be OK, back further than last 2 ...

OHLC Bar width

The odds in a casino are far worse, with forex at least you can stack the probabilities a lot higher in your favour before taking a trade.

Great traders asking newbies questions

The times I have for markets: seems to work well. All times GMT. Sydney................ open 22.00 - 6.00 Tokyo..................open 23.00 - 7.00 ( 3 markets open 00.00 - 6.00 ) Hong kong............ open 00.00 - 8.00 Frankfurt............. open ...

Market Sessions Time ?!?