smarter

Very good MQL4 tutorial for total newbie here
 
hxxp://www.y0utube.c0m/user/Jimdandy1958

Here you go ladies and gents, a little watermark in the middle, but not annoying.
[email protected]/rar/9dEfkhH_/0001gc-ptia0001.html?

be careful guys and gals. unfortunately, this might not be worth our time and effort. see this review:
http://www.forex4noobs.com/forex-blog/forex-news-2/trade-vantage-scam-or-not/

be careful guys and gals. unfortunately, this might not be worth our time and effort. see this review:
http://www.forex4noobs.com/forex-blog/forex-news-2/trade-vantage-scam-or-not/

Here are the results for the previous 13 months (60 weeks) in pips:
 
UC = USDCAD (for reversal to week's open price)
EC = EURCHF (for reversal to week's open price)
GJ = GBPJPY (for run-away from week's open price)
EJ = EURJPY (for run-away from week's open price)
 

Week of __UC _EC _GJ _EJ
08/11/10 +00 n/a -90 +90
15/11/10 -90 n/a -90 -90
22/11/10 +90 n/a +90 +90
29/11/10 -90 n/a -90 +90
06/12/10 +30 n/a +90 -90
13/12/10 +90 n/a +90 -90
20/12/10 +00 n/a +90 +90
27/12/10 -70 n/a +90 -90
03/01/11 +90 n/a +90 +90
10/01/11 +00 n/a +90 +90
17/01/11 +30 n/a -90 -90
24/01/11 +00 n/a +90 -90
31/01/11 -90 n/a +90 -90
07/02/11 +70 n/a +10 +30
14/02/11 +00 n/a +90 +30
21/02/11 +90 n/a +90 -90
28/02/11 +30 n/a +90 +90
07/03/11 +00 n/a +90 +90
14/03/11 -90 n/a +90 +90
21/03/11 +80 n/a -90 -90
28/03/11 -90 n/a +90 +90
04/04/11 +20 n/a +90 +90
11/04/11 +60 n/a +90 +90
18/04/11 +90 n/a +90 +90
25/04/11 +00 n/a -90 -90
02/05/11 -90 n/a +90 -90
09/05/11 +90 n/a +90 -90
16/05/11 +00 n/a +90 +90
23/05/11 +00 n/a -90 -90
30/05/11 +90 n/a +90 +90
06/06/11 +00 n/a -90 -90
13/06/11 +90 n/a -90 -90
20/06/11 +90 n/a -90 -90
27/06/11 -90 n/a -90 +90
04/07/11 +90 n/a -90 +90
11/07/11 +90 n/a +90 +90
18/07/11 +10 n/a -20 +90
25/07/11 +90 n/a +90 +90
01/08/11 -90 n/a +90 +90
08/08/11 -90 n/a +90 +90
15/08/11 +90 n/a -90 -90
22/08/11 +90 n/a -90 -90
29/08/11 +00 n/a -90 +90
05/09/11 +90 +90 -90 -90
12/09/11 -90 +00 +90 -90
19/09/11 -90 -90 +90 -90
26/09/11 +90 +30 +90 +90
03/10/11 +90 -90 +90 +90
10/10/11 -90 +90 +90 +90
17/10/11 +90 +90 +90 +90
24/10/11 +90 +90 -90 -90
31/10/11 +90 +00 -90 -90
07/11/11 +90 +90 +90 +90
14/11/11 -40 +00 +90 +90
21/11/11 -90 +14 +15 +15
28/11/11 -90 +90 +90 +90
05/12/11 +90 +00 +00 +03
12/12/11 -90 -67 -10 +90
19/12/11 -90 +00 +90 -53
26/12/11 +00 +14 +90 +90
02/01/12 +90 +00 -17 +80
 
60 wks Total 760 351 1705 915
Net all Total 3651 pips
 
60 wks average for USDCAD = 13 pips per week
13 wks average for EURCHF = 21 pips per week
60 wks average for GBPJPY = 28 pips per week
60 wks average for EURJPY = 14 pips per week
 
general average for combined 4 pairs = 76 pips per week
general average for any single pair = 19 pips per week
 
longest losing streak for USDCAD = 3 weeks
longest losing streak for EURCHF = 1 week (not enough data)
longest losing streak for GBPJPY = 5 weeks
longest losing streak for EURJPY = 3 weeks
 
longest winning streak for USDCAD = 4 weeks
longest winning streak for EURCHF = 5 weeks (not enough data)
longest winning streak for GBPJPY = 8 weeks
longest winning streak for EURJPY = 7 weeks

 
Please note that EURCHF only has 17 weeks of data here, I started counting EURCHF from the week that its trading behavior did a 180 degree turn after Swiss bank intervention in early September.

Background: I have noticed that specific currencies, within a single week, after price moved away from the week's open, will likely to either
(a) "revert back to the week's open price" at least once;
(b) or "run-away even further from the week's open price."
 
So here is my work-in-progress trading idea:
(a) 1st group applied to two currenncy pairs who like to "revert", and
(b) 2nd group are two currency pairs who like to "run-away":
 
"Reversion" Trade Pairs: USDCAD, EURCHF
"Run-away" Trade Pairs: GBPJPY, EURJPY
 
"Reversion" Trade Rules:
(1) At start of week, place pending sell order (sell limit order) 90 pips above week's open price
(2) at the same time as (1), place pending buy order (buy limit order) 90 pips below the week's open price
(3) Set take profit at 90 pips
(4) Set stop loss at 90 pips
(5) On each currency, if one pending order is triggered, then cancel the opposite one (or you can use OCO order if your broker offers it)
(6) Before end of week, close all active orders, and cancel all pending orders
 
"Run-away" Trade Rules:
(1) At start of week, place pending buy order (buy stop order) 90 pips above week's open price
(2) at the same time as (1), place pending sell order (sell stop order) 90 pips below the week's open price
(3) Set take profit at 90 pips
(4) Set stop loss at 90 pips
(5) On each currency, if one pending order is triggered, then cancel the opposite one (or you can use OCO order if your broker offers it)
(6) Before end of week, close all active orders, and cancel all pending orders
 
Weekly start time and end time:
Although we probably do not need precise weekly start time or end time. But for the purpose of consistency, I have been using:
(1) Sunday 9 pm New York time price as the week's open price, and
(2) Friday 3 pm New York time for end of week.
 
Advantages of this trading idea:
(1) Very low time requirement
(2) No indicator or chart reading required
(3) Purely mechanical
(4) Can be mostly set-and-forget
(5) Somewhat balanced risk exposure to individual currency: Of the currencies involved (USD, CAD, EUR, CHF, GBP, JPY), only EUR and JPY have double risk exposure
(6) Somewhat balanced risk exposure to overall market behavior at the time (for example, if overall market favors strong trend, then at least the "Run-away" trades will shine. Likewise if market is mostly ranging, then the "reversion" trades will shine.)
(7) In my back test, each individual currency pair is profitable trading on its own. The "synergy" of trading all four pairs together seem to smooth out the equity curve somewhat.
 
Disadvantages of this trading idea:
(1) Very slow equity line growth (NOT a grow-rich-quick method)
(2) Probably more suitable as a supplementary method, and less suitable as a main trading method.
(3) Can have long losing streak, especially during the summer months for the "Run-away" trading pairs.
 
Final notes:
The reason I call this an "idea" (as opposed to "method" or "system"), and the reason I call this "work-in-progress", is I believe this still has much room for improvements. There are so many variables that can be further fine-tuned, like currency pairs used, level of target profit, level of stop loss, method of taking profit (use trailing stop? partial profit at 50%?), etc. So any suggestions for improvements are welcomed from friends here at II.
 
Note on Money Management:
Although I am trading this live; if anyone here is going to put real money in this, I would ALWAYS recommend (a) do your own due diligence first to see if this is truly your style of trading, and (b) maintain good money management. For example, anyone using Martingale for the JPY pairs will likely see their account wipe out. I know I am probably preaching to the choir, but just in case any new trader is reading this. ALWAYS have caution where money management is concerned.

Month 3 (Mar 2012) Update: +247 pips
 
This week ends my 3rd month of the 2012 forward test of this, as well as end of first quarter of 2012.
 
March single month results: +247 pips
 
First quarter (Jan - Mar) results: +1121 pips
 
For details of per currency and per week results, see the weekly updated post #4.
 
General thoughts:
 
(1) March was the worse performing month so far in 2012, with the last 2 weeks having results of -166 pips and then break-even. Fortunately, the month still ended up in a net profit of +247 pips, mainly from strength of early part of March.
 
(2) For my own trading account, I actually ended the last week at over 90 pips profit (instead of breakeven): After GbpJpy took full profit, I was at the screen when I saw EurJpy made over 50 pips, then hit a long term trend line I had drawn previously for my other trading system, and bounced strongly back down. So I decided to close that trade out at a few pips above breakeven before the full loss. However, for consistency of this thread, I recorded a full loss for for EurJpy on this last week.
 
(3) After 3 full months of not a single trade, I will no longer use EurChf for my live trade. With Swiss bank authority interfering with this pair, it just no longer moves anymore in 2012. The closest to trigger was within 10 pips, once, in the entire 3 months period. Last week in March it hardly moved more than 10 or 15 pips either side of the week's open price. Just not worth the hassle of putting on trades for this.
 
(4) I have not decided what pair, if any, to replace EurChf in my basket. Any suggestion is welcomed.
 
(5) Given the slowness of this system. And the seeming lack of activities on this thread. I will probably only gives update here once every 2 to 3 months from now on. But I will try to update post #4 at least once every 2 to 3 weeks.
 
(6) Overall, I am still happy this this method, for something that requires only 10 minutes at start of week to place pending orders, and another 5 minutes max per week in managing this, I can't complain about the +1000 pips in 3 months.

So you've seen the latest forex super winning method in your inbox,
you've hit a dozen or more forex clickbank websites touting the easiest
most simple ways and methods to make incredible money in forex. Wow its
a wonder why everyone who trades forex isnt making incredible money??
 
So everything sounds great and you've bought the forex dream hook, line and
sinker, so now what?
 
Let's figure out what is takes to trade forex for a living, yes "for a living" - a full time trader.
 
Ok, so to actually live off your forex trading you will need to replace your income
from a J.O.B. So lets say you need $48,000 US a year to replace your full time income.
That $4,000 US per month you will need in profits. $1,000 a week, $200 per day.
 
Ok, so lets work on how your going to make $200 US real dollars per day in forex.
 
Do you think that a 5% gain per month is a great return?
Do you think its reasonable to achieve 5% per month?
Lets say you have found a method of trading that actually returns 5% per month.
Do you realize you will need $80,000 US in your forex account to obtain your $4,000 US
per month income? ($80,000 X 5% = 4,000)
Do you have $80,000 to put in a forex account?
Honestly, if you have $80,000 dollars to put in a forex account, you are obviously accustomed to making alot more than $4,000 a month.
 
Ok, so lets now assume you can gain 10% per month on your account.
How many traders do you know or heard of that consistently gain 10% per month
on their account? At 10% gain per month you will need $40,000 US in your forex account
to obtain the $4,000 per month income goal. ($40,000 X 10% = $4,000)
Do you have $40,000 to put in a forex account?
 
Are you ready to send $40,000 REAL dollars to your forex broker?
 
And again, honestly if you have $40,000 dollars to put in a forex account, you are probably accustomed to making alot more than $4,000 a month.
 
Well lets try a more realistic approach, how much money are you willing and ready to send
to your forex broker? Real money now, not play money. Lets get started with $10,000 US dollars in your forex account.
 
Now keep in mind, our goal is to be a full time trader making $4,000 US per month. We have placed $10,000 US in our forex account. To obtain our goal of $4,000 per month, that now means we will need a 40% GAIN per month to "live". Or 10% per week gain. Or 2% per day.
($10,000 US X 2% = $200) $200 is what we need per day to achieve our goal to be a full time trader.
 
 
Do you think that you can consistently gain 2% per day on your account? Thats what it will take for you to be a full time trader with the above mentioned figures. (if your account gains 2% per day, you will actually make more than 40% per month because of compounding, but I am not factoring in that to keep things simple)
 
If you dont believe you can gain 2% per day trading, do you think you can gain 1% per day trading?
If you can gain 1% per day, you can still achieve your goal of $4,000 per month, BUT you will need to use $20,000 US in your forex account instead of the $10,000 mentioned above. ($20,000 X 1% = $200)
 
 
Ok, so now we have determined that we need to consistently hit 2% gain per day on our account. Do you think that goal is unreasonable? To live to trade another day, we need to use solid money managment to obtain this goal every day. That means, we are NOT risking 10% of our account to achieve a 2% daily gain. One bad day and you just wiped out a week of gains.
 
We should use a reasonable risk/reward ratio of 1:1 which means if our goal is 2% per day gains, than our risk must be 2% per day loss maximum.
 
So at this point your daily goal is 2% gain with a maximum risk of 2% loss. You could achieve this with 1 single trade every day with 1:1 risk/reward and 100% winning rate ( not likely or recommended) or achieve it with several smaller trades every day with appropriate risk/reward ratio and high winning probability.
 
I wrote this post to show what it takes with real numbers to actually be a "full time" trader and to live off your gains as a trader. Also to contribute to this forum.
 
So just saying that you want to become a full time trader.
Isn't it reasonable to say that you will need at least $4,000 a month income?
( I know some will need alot more than that to replace their income)
 
Isn't it reasonable to deposit $10,000 into your forex account?
 
Based on those numbers, you will need a plan to grow your account 2% per day.
If you double your deposit to $20,000 you will need a plan to grow your account 1% per day.
 
Do you think that a 2% gain per day is possible or even likely? Thats the point of this post. If you want to be a full time trader and pay your bills and provide for yourself and your family, you will need a plan that grows your account at 1% per day minimum and preferably 2% per day.
 
I hope this post has put into perspective what you will actually need to achieve on a daily basis if you are attempting to become a full time trader.
 
 
Cheers All~~
TBow

URL: http://www.learnforexlive.com/store-indicators.php
 
Original price: $497
 
Free download:
 
https://rapidshare.com/files/2437558722/learnforexlive.part1.rar
https://rapidshare.com/files/317011492/learnforexlive.part2.rar
https://rapidshare.com/files/1231061167/learnforexlive.part3.rar
https://rapidshare.com/files/2991554939/learnforexlive.part4.rar
https://rapidshare.com/files/523729505/learnforexlive.part5.rar
https://rapidshare.com/files/1957007063/learnforexlive.part6.rar
 
OR download from torrent tracker:
 
http://www.trading-software-catalog.com/download_free/learnforexlive_torrent.rar
 
for download from torrent tracker you may use www.utorrent.com downloader.
 
 
How do you extract multi-part rar files?
 
answer 1: http://answers.yahoo.com/question/index?qid=20080726165122AAuLRJL
 
answer 2: https://www.rapidshare.com/files/2455431460/video_demonstration_how_to_use_winrar.exe - short video demonstration.
 
answer 3: http://www.google.com
 
 
If links will deleted, let me know, I will share again.
 
skype: andreybbrv
email: [email protected]
 
:))

So far I don't test it...............definitely I will test and give u the output...........

part3
http://www.mediafire.com/?1mc3sjo602lnimk
part4
http://www.mediafire.com/?e2zzjl2src5autn
part5
http://www.mediafire.com/?5nsaaiciw20c5b9
part6
http://www.mediafire.com/?6sjs68k33m1e3ba
 
That's it.

"How to think like a professional" is better quality & easier to follow the principles he teaches.
 
What he drives home is that you do not know the outcome of any one single trade that you place, but over a series of trades the positive expectancy of your system or "edge" will show itself and the percentage of winning trades will prove that edge over a series of trades. You cannot tell ahead of time what trades are going to be winners or Losers.
 
Fear of Loss causes Hesititation, taking profits too early, holding onto losses etc. Concentrate on the process of trading & not the outcome of each trade.

In the video above he uses bar charts.I personally use candles. For example for a bullish setup(engulfing) you look at the bodies only ....the open of a green candle needs to be lower than the previous (red) candle's close. If you google forex street and steven primo he has several webinars explaining the candles. He uses the 50sma as a buy --sell line and trades 6 or 7 pairs at a time on the daily charts.I thnk somewhere he says he doesn't trade anything over a 200 pip range.Anything lower than the 4 hr chart isn't very reliable from my visual backtesting.Using an atr might be helpful too ...say for example you have a candle's range that is twice the atr you may want to take caution.I hope this helps. I think the methodology may have potential but needs further testing.

I pretty much know the rules of the forex #5 strat. It's ok but there isn't allways going to be 4 or 5 trades a week as he states in his videos.This #5 strat you can either trade an aggresive approach or conversative as for as bring stops up or down.I have a video showing somewhere stored away .I'll see if i can find it, post it here if the moderators will allow it. If anyone is interested let me know.

Manual for T_PM. 2 (334p)
http://www.mediafire.com/?r126xi665pe3ur6

From www.0nlinetr@ding@[email protected] video course for Forex
http://www.4sh[color="red"]@[/color]red.c[color="red"]0[/color]m/file/oPewcwBA/OTA_AdvForStrat.html
Password: indo_investasi
 
N.B. - Change the red letters accordingly

Here's his excellent and free course held in 2009 at CEU University:

http://www.soros.org/resources/multimedia/sorosceu_20091112
But I guess it's a little bit too vague for a trading plan. Do you know of any trading educator who teaches Soros' method? I mean he is just so the opposite of every other method... he goes against effective market theory and so on... but still the best known and one of the most successful currency trader out there.
 
Anyone?

Linda Raschke webinar on Mental Performance
 
http://s3.amazonaws.com/LBRSharedFiles/Mental_Performance.mp3