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tropictrader

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Posts posted by tropictrader

  1. I think there are three factors you need to take into account - the macro picture, order flow and technical analysis. The macro angle covers things like interest rates and geopolitical factors, order flow is about things like COT reports and options, and price action is about what's happening right now in the market. Get a grasp on all three and you're way ahead. It's a lot of work, though.
  2. All you need to understand Dale is his book which you can download from https://www.trader-dale.com/wp-content/uploads/2018/08/Volume-Profile-The-Insiders-Guide-to-Trading.pdf. You can also view some of his free webinars such as this one: https://www.trader-dale.com/how-to-trade-with-volume-profile-and-order-flow-webinar/.

     

    You'll also need a flexible volume profile indicator. His own version for MT4 is very smooth and responsive, a good buy if you have $49 so spare. There's also one called the Drag & Drop indicator floating around. It's ugly, clunky and prone to vanishing off your charts, though.

     

    I went through his old course and it's nothing special. He's apparently revamped it recently, adding in details about his new toy the VWAP indicator. If you watch his weekly videos you'll see he used VWAP just for confirmation.

  3. The first thing I would look for is where the broker is registered. For a lot of them, the contact info is very hard to find which is a warning sign. If things are going well, I'm sure brokers in Cyprus or Mauritius are fine. But in times of crisis, knowing your broker is covered by FCA in UK or ASIC in Australia is very reassuring.
  4. Anyone know of an EA or script that can open several identical trades at the same time?

    I'm keen to use a strategy from Trader Dale that involves opening two or more trades simultaneously and closing one out at a scalp and letting the other run. I currently use the mini terminal with ICMarkets to place trades but it doesn't have this facility. (I could, of course, just place two trades quickly one after the other, but would prefer to find something slicker.

    TIA

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