nagendra1713006428
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Posts posted by nagendra1713006428
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Higher highs and higher lows define an uptrend. Lower lows and lower highs define a downtrend. I do not use indicators, prefer price action only. You could use ADX to define trending and ranging markets. Better use the 4h for longer trends. It is more flexible than the daily.
I use 4H chart for intraday trades and daily chart for intraweek trades. 4H seems more flexible due to human psychology of impatience.
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It depends on what strategy you use.
Can you suggest TFs according to strategies?
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How long do most of your trade normally last, since you trade mostly with 4hr and daily time frames? thanks.
Average trade lengths are 12 hours & 3 days of 4H & daily TF respectively. I do not carry trades over weekend.
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Higher highs and higher lows define an uptrend. Lower lows and lower highs define a downtrend. I do not use indicators, prefer price action only. You could use ADX to define trending and ranging markets. Better use the 4h for longer trends. It is more flexible than the daily.
I can easily determine the trend looking at the chart, But I look MACD at the time of deep retracement. I open trade in the direction of current trend if I see daily trend holds, and most of time it made me lots of pips.
I use ADX to determine best major to trade. I did trade USDCHF & AUDUSD in the month August last year when EURUSD became choppy on daily timeframe.
I find deep retracements in daily trend of forex majors. 4H trend reverses at the time of deep retracement. Now I have decided to trade only daily trend.
http://img716.imageshack.us/img716/9991/dailyq.gif
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Yep - I heard all Pro traders use 60m charts to trade. I am a part timer, I just scalp the market before my 10 to 6 job. I hope to be full time trader within the next couple of years. I HOPE!
According to FXCM statistics: Most forex traders are range traders. The best time of day to range trade is Asian trading hours.
That's why I am a breakout trader.
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I use 2M, 15M and 60M. I use daily to look for an over all trend. I mostly scalp my trades. Not swing nor trend trading. Of course I don't really use MT4. I use eSignal.
Hi Unclepips,
I use MACD to identify trend. I don't scalp because scalping is extremely stressful for me.
I only trade trend. Many traders say market is 25% time trending. This is myth for me. I always found a daily trend to stick with it.
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Hello traders,
I want average time frame of my trades to be 3 days. Which time frame trend I should trade? 4H trend or daily trend?
And, what is your definition of 4H trend or daily trend?
How I setup MT4 chart for trend trading.
Looking forward for your valuable comments,
Nagendra
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Moderators delete this thread
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FIFO option of FGB Final does not work in tester.
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http://www.mediafire.com/?3x5pbsblr0h60dx
The file is no longer available.
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@MerlinBrasil
Hi,
Had the TIB 10 day evaluation already expired before using the patch?
Possibly try this patch: hxxp://www.mediafire.c0m/?6ojzxavovyj55k4
Hopefully it will fix the problem!! :)
Can you patch this?
Thanks
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I want "Days to trade filter" in the below EA.
I have tried myself, but did not succeed.
extern bool MON = TRUE; extern bool TUE = TRUE; extern bool WED = TRUE; extern bool THU = TRUE; extern bool FRI = TRUE; extern bool SAT = TRUE; extern bool SUN = TRUE;
Please help
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FOREX PIP BOT
I haven't tried the forex trading robot from forexpipbot.com. If you've this EA, please share here.
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Has anyone got the version 1.3 - out today, I believe?
Here you go
http://www.4shared.com/file/rbiUE07a/Cr e s c e n d o_v1_3.html
Just need someone to educate
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2011 New YEAR Version now AVAILABLE
Can someone share?
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Here you go
http://www.4shared.com/file/GW9qebNk/Billion_Meter_System.html
I haven't tested billion meter manual system yet.
Do not forget to right feedback of this system.
Cheers
- rey_shooter, sidecona, domonkos and 2 others
- 5
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An upgrade to the world of Automated Robots
It will be available soon.
1% Drawdown, Over 100% net profit, Neural nets? :-O @-)
I request this EA in advance.
[ASk] What time frame should I trade
in General Forex Discussions
Posted
I am not confused at all. I make a living trading daily trend. My trading style only needs 5 minutes a day. I am happy that traders ignorant about it.