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I finally am no longer a Junior Member (YAY!!!!!) .
Soon I will be sharing my charting/trading egy within this thread for feedback and fine tuning.
Please you all; I need help with perfecting this egy that I may have the ability to code an automated version so I may move on to other endeavors.
Once again; THANKS FOREX FACTORY!!!!!!!!!!!!!!!!!
https://www.nigeriaforextrading.com/...1527436245.jpg
Been busy recently. I haven't forgotten to post my egy you . It's coming...
Hello all.
My name is Eliott Morst and I'm basically here in order to find out and become profitable. THe way I am looking at this is....go into a loion where you can find others that can assist with my goal; but deliver something to the table....
So here is what I got so far....ANY FEEDBACK WILL BE APPRECIATED!
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The reason I'm using indiors is because I'm still learning how to markup my charts the identical way. Here are the tools I'm using for your egy I'm working on:
DeMark Trendline Trader, evolution_renko_ea_v1_31, Fractals, thi_v2 (harmonic pattern indior), a stochastic ribbon, and the parabolic sar (builtin).
The picture posted with this answer to the thread is what it will look like. The files are in a zip archivefile.
I am supposing that you know how to install indiors and that you have a simple understanding of trading, charting, and MT4 use.
Keep in mind that the evolution_renko_ea_v1_31 file is to be utilized on a 1 minute chart just so that you might bring up an offline chart to get your renko boxes. Also; place your MT4 to mention 5000 candles so that you might avoid system crashes. Make sure it is performed on the platform itself as well as the indiors.
So basically there are two templates....one for your own offline chart and the other for the 1 minute chart so that you might create the offline chart.
Next will come the reason for my tool options; then the trading principles will follow.
https://www.nigeriaforextrading.com/...1432207482.jpg
https://www.nigeriaforextrading.com/...1579720245.rar
[Next will come the main reason behind my tool choices; then the trading principles will follow. picture document [/quote]
I Will wait
HelloQuote:
Originally Posted by ;
The best way to change the state of the account
Excuse
I have found that I needed to reevaluate my egy somewhat and include information that I use to exchange. Here's a picture of my revision. I know I promised a full explanation of my egy; however I have been busy. Making time is a struggle. Please bear in mind.
https://www.nigeriaforextrading.com/...1325807451.jpg
The C and B points are lost....the indior isn't perfect...a very simple refresh fixed the problem....
https://www.nigeriaforextrading.com/...1007024647.jpg
Adelane2020 |I dont understand your comment....please explain...
A concise summary of my indior options:
Renko boxes....to reduce sound and to help handle stop loss in an active commerce. Also it help me with calculating profit/loss. I believe every box a particular quantity of profit or loss.
Parabolic SAR....to assist with the time of entries and exits and to obtain an concept of turning points.
Harmonic indior....to help detect major reversal areas in the market.
Fractals....helps me to affirm Parabolic SAR signs for optimal entries and exits.
Weekly pivot point line....acts for a manual for longer term management.
DeMark trendline....to avoid subjectivity in drawing trendlines.
I eliminated SAR since the other indiors offer enough info to make the trading decision; also I am trying to eliminate lagging indiorsnonetheless, that the SAR remains part of the egy until I find a better solution.
Next I'll explain how all of this can be utilized together to prepare for a trade.
I also use various tools for trade ideas and for confirmations.
https://www.nigeriaforextrading.com/...1415727135.jpg
Deleted my current trade explorer....starting New
Hey there....so here goes it....
What I usually do is scan charts employing traditional candle sticks using all time frames and use SR lines on the monthly timeframe
it gives me a general view
After deciding what path and how long I expect to hold a trade that I pull my charts together with the indior helps
On the indior chart the best practice would be to wait till all indiors line up; most significantly the sar and the fractal
Really that's it....not much to describe....
SO....
I will just post what I exchange
I restarted my commerce explorer...I know I know....but I never promised to be an expert...(just yet)
When you have a look at my commerce explorer you can see that I blew this account repeatedly. I haven't given up. This explorer I will keep. I return to this broker because of the leverage....here is your system at work....as you see...I have alot of work to do...I basically use this forum as a trading diary if you haven't noticed already....
https://www.nigeriaforextrading.com/...1285992686.jpg
Altering the stoploss manually based on the renko bars Assists me with Commerce Adminiion
The Preferences for this Specific trade is:
Renko Place to 5 pips
SAR Place to 0.05/0.3
I've a snorm fractal plus a Regular fractal
Stochastics Place as a ribbon....89,3,3 34,3,3 13,3,3
This is my thinking:
Use the typical candles for first analysis....draw SR lines monthly to narrow down things....make trade decision based on routine japanese candles
Once the place is open, check my assumptions together with the renko
Open the trade....and manage the transaction based on the renko....
Any queries or comments are great at this time!
Appears like the transaction may stop out shortly....in profit
https://www.nigeriaforextrading.com/...2077584190.jpg
...
I may have a trade explorer using ECN using Tradersway....shucks
This is my mobile egy....
https://www.nigeriaforextrading.com/...1377485899.jpg
I'm finding that my egy (bar charts, sar, fractal, fib retrace) works really well.
Crucial points tho:
1)Pay attention to open and close prices (bar chart)
2)Take note when sar dots alter direction
3)Take note of fractrals and the way they aligns (major support/resistance)
I overtraded and got cocky. Still had a profit for the week. HOWEVER....this was a bad week for functionality.
I've left MT4....
I changed to Ninjatrader
https://www.nigeriaforextrading.com/...1664414454.jpg
So now that I no longer trade reside with MT4, I must admit that I am much more comfortable executing trades; I no longer have a slippage issue; and I do not feel like somebody is cheating me through the platform. Ninjatrader is great but limiting without a full license. To compensate for it; it just so happens that my ninja account can be traded with just two additional platforms simulaneously. This gives me the commerce management features I am needing for my own egy.
My charting combination is NinjaTrader, FOREXTrader, and Tradingview.
Another observation, all pairs will not respond the same way to the exact same indior. So recently I've been using a set of indiors that I find work well with AUDJPY. I am leaning toward choosing the charting egy dependent on the tool traded and it's attribute movement.
Ohhh, one more thing, I so wish that Ninjatrader will be accessible for trade explorers here 1 day.
Eventenually I will not be using MT4 at all...I use it now to interact with you guys/gals
I am in a precarious position....my regular job isn't stable and I am in a position where I could be fired for sales functionality (call center work). I live in a town where it doesn't address all of my needs and wants. I am still fighting to become a fulltime trader. There is an urgency that can't be denied. I am at a profitable position with USDCAD at the moment. Man...I want to trade forex/futures full time....the only knowledge gap I have right not is that the cash management and the plogy....this is tough...I will prevail...I WILL SUCCEED!!!!!!!!!!!!!!!!
If they flame me I will take 1000 USD of my 401K and commerce it until 1)I get yet another job two ) trade my approach to independence....either way...I just hope you know what I am going thru....
I despise slaving for a commission...I need financial and time freedom!
Tradersway wont let me have an exchange explorer and ninjatrader doesn't offer it
The only real reason I am using MT4 using tradersway is I dont have a NADEX account however and I seek rapid income
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Here is how it seems....an explanation coming shortly....
https://www.nigeriaforextrading.com/...2028487804.jpg
Will not be posting to this thread; my methods have shifted