hitescape
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Posts posted by hitescape
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A Notary Public can only attest to the name of the person presenting the document. Anyone can print out what ever they want and have it notarized if they have proper identification such as a driver's license.
To validate the account and trades you need an audit from a CPA (Certified Public Accountant, Chartered Public Accountant) and they will contact the broker, verify the accuracy of the account and the trades. They also carry professional liability risk if they don't do their work properly.
What was presented here only proves that the person that presented the statement had enough identification to verify his identity. It is absolutely useless as far as to attesting to the accuracy of the trades.
How do I know? I am a CPA and, no, I do not trust these claims until verified.
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It appears that NT 7.0 is available here:
see Post #15.
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Anyone tried/has this one yet? It's being promoted by forexverified.
website: http://forexwinningsolution.com/
Obviously they not only flunked the profitability test for an EA but they also flunked basic Marketing. Who would advertise a product with a documented loss of > 35%???
I guess they are banking on the Greater Fool Theory!
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I believe it was blacklisted due to a complaint and had to be removed.
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this downloaded indicator crashes mt4 platform. I had to delete it to get mt4 back and running.
It seems to run fine here. Maybe you need to update your MT4 terminal.
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Today News after News in London session.
Looking at the price move one might suspect that the news was leaked about 30 min early...
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... If Eusebio has enough money to keep scaling-in it
Do you or anyone else have any proof that Eusebio actually trades? To the best of my knowledge none of the Tiger Max "teachers" have ever posted live trades, even on demo. There must be a reason...
Maybe it is as simple as this: He sells seminars at what $3,000 per attendee and has say 30 per class. That is a sweet $90K even after expenses it is a nice sizable income. Why would anyone want to trade with a risk free income stream like that???
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There should be GMT offset setting included in Pivot indicators to calculate properly to broker's time, shouldn't be?
Hermes
Maybe there should be and if you find one, please let me know - I can use the code for some other projects. Also, please let me know which snake oil salesman (forex seminar seller) is correct as some swear by GMT for pivots yet others swear by NY for pivots, ADR, MA, and a few dozen other indicators. The same for the previous high, low and close. To the best of my limited knowledge there is no universal agreement as to which time zone is the "correct" one to use.
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The calculation for a pivot point is shown below...
Remember that different brokers start their trading day at different GMT times. That means that the values that you calculate will vary widely from broker to broker. So, which value are you supposed to trust???
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Ok. I have corrected the problem. Here is a link to the corrected scripts:
http://www.4shared.com/file/NTNTJjZj/Scripts.html
I also updated the original post.
PLEASE TEST ON DEMO FIRST!!!
- Roels Major, canforex and Sesshoumaru
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I'll fix that later today and repost.
Thanks!
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@piphore
Here is a set of scripts I wrote that are ECN compatible and 4/5 digit self adjusting. They will open one trade on up to 4 pairs at once. You can specify the lot size, magic number, pairs, whether to trade and trade correlation and you can override the master TP and SL at the pair level. By default the EURUSD is the master pair and has a correlation of +1, the EJ is a secondary pair with a correlation of +1, the USDCHF is a secondary pair with a correlation of -1 and the GU is a secondary pair with a correlation of +1. Also by default the GU is set not to trade.
When Buy4 is executed it will open a Long EURUSD for 3.0 lots, a Long EURJPY for 3.0 lots and a Short USDCHF for 3.0 lots. After the order is confirmed it will then set the TP and SL. Both Buy4 and Sell4 use a Magic number of 3852 which you can change. Sell4 opens sells on the EU,EJ and a buy on the UC.
The Close All has two options: Magic <0 = close ALL open orders. Magic >0 will close only those orders with the magic number that you supply.
These are complex scripts and you need to be sure that you have changed the default settings to the values that you want to use. They are part of a larger EA and depend on the MT4 trade server on performing correctly. MT4 has known problems with executing some scripts and although I have not had any problems with them you need to make sure they do what you want them to do.
http://www.4shared.com/file/NTNTJjZj/Scripts.html
Please remember to test them thoroughly on a demo account first!
- freddy, PIPHORE, psaini1973 and 2 others
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Pacman market? That's basic procedure of specialists and market makers. Personally, I like Pacman he is an excellent boxer. Then wait for candlestick formation to show the stop losses hunting is over.
Hermes
I can't take credit for PacMan but it was explained in simple terms so that I could understand it!
Candlesticks - On what TF? Candlesticks have the ability to morph themselves into other shapes when you change TFs.
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@ greentrader
I too am in the Eastern Time zone and get up to trade every morning at 2:00 AM - sleep has become an unnecessary luxury!
My experience is that the market frequently comes to life at the open of the European session (2:00 AM ET), London opens an hour later and the moves are generally finished by 11:00 ET. You can trade the NY only but I find it to be more difficult as it tends to be dominated by news. For me, I trade from 2:00 AM until about 10:00 AM. I generally won't take any new trades after 10:00 and only carry open trades until the market stops moving and generally try to be flat by 1:00 PM at the latest.
Today is a perfect example why. The first move started at 2:20, and went 152 pips up and peaked at 6:05 AM. By 9:05 AM it had dropped 115 pips. I was able to profitably trade both of those swings and then quit. If I had traded NY only, I doubt that there would have been any profitable trades unless you used signals that had been indicated before the NY open, ignored news and didn't always wait to get trade confirmation from the USDCHF.
One trading friend described the market as like PacMan. It opens and immediately starts running to one side gobbling up all of the stops along the way then suddenly reversing direction and running full tilt in the other direction eating all of the freshly placed stops left in his wake. When there are no more stops nearby PacMan returns back to it's home (near where he started the day) full of pips and ready to rest to start all over again the next day. That description seems to fit today's action and, surprisingly enough, it is not at all uncommon because the market generally is ranging 80% or more of the time. For that reason I tend to use the ADR less current range for my TP on the first trade as I want to get out just before the time that PacMan is getting ready to turn!
Like you, my charts also are different than psaini's charts and the reason is that different brokers start their trading day at different times. I believe that psaini once stated that his broker was GMT + 0. My broker starts their day based on ET which is GMT-5. Other brokers use whatever time they choose to operate.
This causes indicators like daily highs and lows, PIVOTS being calculated based on different start points. The end result is that the values for my Pivots do not equal the values that psiani uses and these differences can be substantial. For that reason, I do not use Pivots or previous day High or Lows. If you think about it, there are 24 time zones so there are 24 possible start times so who knows which one correct?
Note: There are many other indicators that give different results depending on what time the broker starts the day.
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@ greentrader
The indicator to use is the one named II_PipAccumulator2.
Exits - well that could/should be a thread of its own as there are as many options as traders.
Personally, I watch the ADR and set targets so that my exit coincides with somewhere near the 70% - 80% level. This has to take into account the day's range (High - Low) at the time of the entry. If the current range is more than 80% of the ADR then I set a dollar profit target for the basket or I may set individual TP in pips. No matter what I set as an initial target, I always watch price action to see if I need to exit earlier. When I do decide that I know better I usually regret it as I would have done better by not interfering!
I always exit before medium or big news unless I have a large profit and have protected by moving my SLs. Lastly I never hold a trade past the NY close.
Other popular options include:
Multiples of the ATR, Big Round Numbers (BRN), Fibos and fib extensions, Pivot points, trailing SL, high or low of the previous candles, support and resistance, trend line breaks, candlestick formations, chart patterns and many more.
Ultimately, you need to figure out what you are comfortable with and what works best for your trading style.
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No shortcuts to success.
For those of you that just found this thread I cannot stress how important it is to read the whole thread to see how psaini1973 and many others have been able to make money with the indicator that soundfx created from the original Pip Accumulator indicator. I stumbled upon this thread and the EA thread a short time ago and have read every post at least twice and started live trading this week. Even though the trading hours suck for me (I get up at 2:30 AM to start trading) I can see the potential to make a lot by using these tips and techniques.
Some examples of what you will find in the prior posts include:
* The rationale behind why and when to use the M5 or the M15 as opposed to the higher TFs is explained clearly several times.
* The reason for trading the three specific pairs is explained including how one pair signals the trade entry and exit but a second pair has to confirm the entry. That little tip eliminates a lot of the bad trades and you won't find it without reading.
* Others have shown their little tweaks to match their trading personality, entry and exit strategies have been discussed.
* There are some posts with most of the work done for you where someone has taken the time and effort to copy the posts along with actual trades on live accounts summarizing this method into a word document.
* Other posts include real time tips about the psychology of trading from people dealing with their greed, fear and errors in live trades.
This thread has a complete PROFITABLE trading strategy outlined for anyone who wants to put in the time to learn how to use it. If you insist on minimizing the research time just read the posts by soundfx and psaini1973 and you will get 95% of info available here but that other 5% may have something that works for you.
Trading is a business based upon knowledge and skills. You can gain the knowledge by reading but the skills have to come from practice and both take time. You can't shortcut the work that you have to put in to gain the knowledge and polish the skills but if you do expend the effort you will be rewarded.
Note: For those of you that may have difficulty with the English language I empathize with you. I suggest using Google translate to start with then post specific questions here if you need additional help. Please be sure to include enough information from the original text so that we can get an idea of what you need help with.
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What time (GMT) do you start watching these markets?
I believe that previous posts state that they trade the London session. If I'm not mistaken, London is on GMT now so that would be 8:00 AM to 5:00 PM GMT. You might want to read the prior posts to be sure.
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Problem with me is in Windows 7 - on XP pro its working fine
With Windows 7 the security prevents MT4 from updating its files. Basically Windows 7 doesn't let programs write to the \Program Files\ directly without special permissions. This could be a long complicated discussion as to why and how to get around it but fortunately there are at least two simple solutions.
Option 1 - Install a copy of MT4 in some other location than the \Program Files\ or \Program Files (x86) for 64 bit systems. I install it to a folder named c:\mt4\ so I have all of the brokerage accounts together.
Option 2 - Simply move the MT4 folder from the \Program Files\ folder to a different location. If you do that you will need to fix the shortcut or create a new one.
Good luck!
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It's not educated. Metatrader (IBFX) crahes.
I just downloaded and installed with no problem. Could it be that you need to update your version of MetaTrader? EAs and Indicators compiled with the newer version (Build 4xx) do will crash the older MetaTrader versions like the build 2xx series.
Craven - Thanks!
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Yes and no. It is a "new" EA to replace the old one that never worked. You can see live results at Birt's site but the 1.5% a month return is a far cry from 2% a day. On top of that it is more like a "Hail Mary" EA as it uses a 300 pip SL! Just another crock of $#!|, IMHO.
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Looking for the T$D Adaptive Lookback Stochastic indicators. Thanks!
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Any chance of a decompile on this SR Indicator?
http://www.4shared.com/file/7Azi-Gzd/Recent_SR.html
Thanks!
VPS for trading
in MetaTrader Expert Advisors
Posted
I guess the old adage that you get what you pay for applies here. BTW, I referenced the other site because it explains how to set up the VPS and it was not an affiliate link. I originally went to the aws.amazon site but their lingo was foreign to me and I couldn't figure it out.