I am new in forex.i payed 1000$ for trade in forex and now in 14 days i l have lost my mony .now i have 300$ in my account.
because i have been confuse with all these indicators.i dont know when to buy or when tom sell.i tried all of them but i didnot get any results.
for example when i buy, the market goes down and when i sell it goes up.
you are trading on the wrong time frames
the majority of indicators are far too easily faked out on lower TFs
if people want to trade on 1hr or below, it must be an extremely robust and well tested system and really best only for scalping
someone just posted a Daily method making 3000pips in few wks (although actually a wkly downtrend)
this is where you should be looking to build systems around
thanks wr1.thanks lot. would u plz guide me more and more?
this is the picture of the method - unfortunately the indis are in the elite section, they likely can be purchased
but it can be replicated with alot of other indis
mainly a ribbon type indi you can find on this site and around the net
i did similar in less than an hr last night - although not quite finished yet and will need a good few more hrs
you can use trend bars instead of the indis on the bottom for the Main Daily and wkly up or downtrends and then likely entry's either on the 4hr or Daily charts
bare in mind as the pips gained are more the stops also have to be more, due to retracements before some re-falls
but the wkly and daily charts are really the way to go - and is said most real pros only use daily charts and above
and 1hr sometimes for the exact re-entrys - but then you need the 1hr also well set up so not to fakeout too much
spend a few weeks or more testing and setting up and after a while you should be able to get some nice trades
also see the original posts
where there is also a template of this exact method (if you buy the indis) and no i don't work here selling indis!
thanks should go to the original poster
Thanks a lot Mrtools
Hi Mladen / MrTools - I have the attached indicator in my library and (a) the arrow appears only after several sessions/bars have passed, meaning the entry would inturn be late based on the original signal and (b) the indicator does not have a window alert. I request you kind input on both these issues and more importantly can the arrow be displayed (mtf) on the close of the bar it is writing on in real time - not some bars later? Thank you.
Do you have the original source code of it (not a decompiled code)?
Hi Mladen - thank you for your prompt response. I do not have the knowledge to answer you directly...so I will attach what I have. Both of these seem to do the same thing but have been named differently.
Kduncan, try here https://www.mql5.com/en/forum/173574/page280
Thanks Mr. Tools, will do.
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