Hi,
You are so welcomed to join my new thread about a well known indicator OsMA.
first of all, I am not native in english , so please forgive me if i did not explain , write or reply in good english.
well, I had done few threads about my experiments in forex and about some of the strateigies that "it might be a success " with some of you and me too.
but the question is " at which i was thinking of it since long time", MT4 has some built in indicators and the inventors and coders of the MT4 are clever programmers and they have made this system , so why am i still searching and trying to write more complicated codes ?
why not to use their original systems?
i do not here sell anything at all....
and i want here to be very clear that this system is to teach the newbie traders that the life with forex does not require complicated systems...
i was watching the you tube b4 few days back in arabic films of forex and english too and i saw so many " arabic crazey " forex titles such black dog strategy , the elf trading system, the GOOD believers trading system... and all are fake and bullshits.
so i have decided to make this thread as i know my name is a well known arabic popular name and many newbie arabic traders mainly and others are confused and losing money bcz of the complicated systems so this a try to help
example of simple osma trading
I was really fed up with all "wrong theories" and fake strategies published by arabic scammers on you tube and with the ones that i had read in the internet, also tired from the repainting indicators.
i built more than 1000 's of Ea's to each theory or strategy that i found it in the internet and i was thinking it will generate money.... i was really wasting my time...
the evidance is simply that still you are reading my points searching for a clue for better theory to overseed your recent strategy and to have more income from this "non random market".
yes it is not random.
and yes the big gurus will not use stop loss.
and yes losers are 93% of forex traders.
i am really fed up.
if I open the trade to the north then the market will go to the south.
if I open the trade to the south then the market will go to the north.
i reduced my leverage from1:500 to 1:100 then 1:10 and still, the ea or the strategy i am using will fail after few days or weeks...
then why not, let's go back to the old school.
i checked macd, osma, stoch....etc
then i have noticed that the market as i do believe is controlled by gaint servers and gaint hidden players and there is a pattren .. OMG. it is very clear that i was trading in the wrong way.
i will not take long time from you
to make the story short.
and as i gave up trying new systems, i decided to go back to old school
OsMA:
why not ?
it will show you the trend on each time frame.
it will show you the high high, low low, low high, high low, support and resistance areas "yes true", it will give you signals about the counter trend, the retracing, the bulls, the bears.... wow.
for trend trading it is good
for counter trading it is good
it is simple
but it has one redraw ... it is a laging indicator.
how to overcome this defect ///// laging in the OsMA, and sorry i will not keep typing it as OsMA.. i will make it osma - easier for typing
lagging
meaninig of lagging for a coder :
if i want to use the recent bar, i will not be able to take any usefull details as the recent bar will react as per the price direction, if the recent bar goes up the snake head of the osma will move up in the recent osma bar, and at the same time, when the price goes down, the snake head of the osma will move down till the time is over and new bar is established then the bar called recent ( bar 0 ) will become bar 1 ( old bar )... but the good thing is that :
IT WILL NOT REPAINT THE OLD BAR .... BAR 1 END VALUE WILL STAY CONSTANT.... ABOVE ZERO ... OR UNDER ZERO .... OR SIMPLY ZERO.
You are so welcomed to join my new thread about a well known indicator OsMA.
first of all, I am not native in english , so please forgive me if i did not explain , write or reply in good english.
well, I had done few threads about my experiments in forex and about some of the strateigies that "it might be a success " with some of you and me too.
but the question is " at which i was thinking of it since long time", MT4 has some built in indicators and the inventors and coders of the MT4 are clever programmers and they have made this system , so why am i still searching and trying to write more complicated codes ?
why not to use their original systems?
i do not here sell anything at all....
and i want here to be very clear that this system is to teach the newbie traders that the life with forex does not require complicated systems...
i was watching the you tube b4 few days back in arabic films of forex and english too and i saw so many " arabic crazey " forex titles such black dog strategy , the elf trading system, the GOOD believers trading system... and all are fake and bullshits.
so i have decided to make this thread as i know my name is a well known arabic popular name and many newbie arabic traders mainly and others are confused and losing money bcz of the complicated systems so this a try to help
example of simple osma trading
I was really fed up with all "wrong theories" and fake strategies published by arabic scammers on you tube and with the ones that i had read in the internet, also tired from the repainting indicators.
i built more than 1000 's of Ea's to each theory or strategy that i found it in the internet and i was thinking it will generate money.... i was really wasting my time...
the evidance is simply that still you are reading my points searching for a clue for better theory to overseed your recent strategy and to have more income from this "non random market".
yes it is not random.
and yes the big gurus will not use stop loss.
and yes losers are 93% of forex traders.
i am really fed up.
if I open the trade to the north then the market will go to the south.
if I open the trade to the south then the market will go to the north.
i reduced my leverage from1:500 to 1:100 then 1:10 and still, the ea or the strategy i am using will fail after few days or weeks...
then why not, let's go back to the old school.
i checked macd, osma, stoch....etc
then i have noticed that the market as i do believe is controlled by gaint servers and gaint hidden players and there is a pattren .. OMG. it is very clear that i was trading in the wrong way.
i will not take long time from you
to make the story short.
and as i gave up trying new systems, i decided to go back to old school
OsMA:
why not ?
it will show you the trend on each time frame.
it will show you the high high, low low, low high, high low, support and resistance areas "yes true", it will give you signals about the counter trend, the retracing, the bulls, the bears.... wow.
for trend trading it is good
for counter trading it is good
it is simple
but it has one redraw ... it is a laging indicator.
how to overcome this defect ///// laging in the OsMA, and sorry i will not keep typing it as OsMA.. i will make it osma - easier for typing
lagging
meaninig of lagging for a coder :
if i want to use the recent bar, i will not be able to take any usefull details as the recent bar will react as per the price direction, if the recent bar goes up the snake head of the osma will move up in the recent osma bar, and at the same time, when the price goes down, the snake head of the osma will move down till the time is over and new bar is established then the bar called recent ( bar 0 ) will become bar 1 ( old bar )... but the good thing is that :
IT WILL NOT REPAINT THE OLD BAR .... BAR 1 END VALUE WILL STAY CONSTANT.... ABOVE ZERO ... OR UNDER ZERO .... OR SIMPLY ZERO.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"