Interesting, brings in my mind a similar approach I found through Rob Booker's site: url

FINEXX Correlation System EA

Dude that's pretty rude to qualify the viewers of this thread who didn't bother to respond to your question as being either losers or shy don't you think? I'm pretty sure I smell a beginner's ego trip here. If you need answers to your question so ...

Winning Trades String League

Word!

Computers to replace Traders

1 day to a couple of weeks.

No Time - Want to Trade - What are my options

I quite disagree, although I don't have any evidence. I belive that on the long term discretional trading is more profitable than mechanical trading. Markets are moved by human brains not computers, you can refine an algorithm to take advantage of a ...

Flexible Mechanical Trading vs. Discretional Trading

Hi, I too have little time and I use daily charts and I'm more than happy. I check for possible setups a couple of times a day, even once a day would be enough... Don't worry about having little time to trade, I've found that spending little time on ...

No Time - Want to Trade - What are my options

Hi, You can use the standard one from MT without extending all the way to the right. See the pic.

Custom Fibonacci Indicator Available?

I believe it is of paramount importance in terms of money management, because trading high-correlated pairs in the same time, increases your risk factor in the end. As for correlation changing in time, yes it is true, but not that much. Just have a ...

currency correlations

I do it for an year or so. Good luck!

MT4 Questions

I found myself in the same situation and moved to daily charts. I check the charts a few times a day (from work too ) and if I find an opportunity I enter the trade, or exit a trade. As for overnight interest is quite negligible, I don't even ...

day job + trading?

I presume you mean that you need to know IF a point is on the CA line? If yes then one idea is to compute the angle in C, using the tangent formula and the initial CB and BA distances. Then any point is on CA line if it is on the same angle as the ...

Little math problem for indicator

Yeah, I was also suprised when I first noticed this "unusual" bar This completely messes up any strategy that includes bar counts or anything related.

weekend data manipulating indicators

That small size doji is not because price gapped but because that broker opened right before the calendar day ended, 24:00, and at 00:00 a new day started. This is the reason it is small, cause it isn't a whole 24 hours day. As for fixing it (hiding ...

weekend data manipulating indicators

If you want to employ flexible MM rules with little money then I don't know any other broker other than Oanda that lets you fully define your contract/lot size.

micro mini lot

Here's a different, but interesting nonetheless, view of current dollar decline http://www.dismally.com/2006/12/what_dollar_decline.html

What's your opinion on USD? Recession?

Yep Thom, same thing here, I can't make peace with 4H charts, every broker has its own version of 4H data based on week open time. Oh and if you zoom out 1H charts enough you get 4H charts

Shorter or Longer Time Frames 4 Success?

So true! I trade only one USD pair these days. And sometimes USDCAD which has a life of its own anyway.

Steviet's Live Trades!

There is a fib timing tool in mT4 called "Fibonacci time zones".

Fib Time

Just for the record...In over a year of using Oanda I've never had any crashing of the platform. As for freezing that happened a few times and did not last more then a couple of seconds or so, nothing to even mention. Spreads widening...That I take ...

From Demo to Live: Expecting the unexpected

Heikin Ashi candles are indeed averages of normal candles. Here's the formula description http://www.ensignsoftware.com/tips/tradingtips57.htm If you need the indicator for MT4 I'm pretty sure is in the indicator's archive ...

Does anyone use the heiken ashi indicator?