Experts: Fundamental Trader DailyFX CSV MQL4 - page 7

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arindam89
4
arindam89  

i hope you understand English i am sorry to private message you i know people don't like private message but i had no other option please try to understand

your code base Fundamental Trader DailyFX CSV MQL4 strategy is awesome Russians are very good at coding but i unfortunately cant run the program it is too complected for me to understand can you please install this for me my email id is arindam89@yahoo.com phone-919830538277 it will just 2 minutes just take remote access of my computer and install it

i hope you not dissapoint me

thanks

by

waiting for your reply eagerly

arindam roy

Olaf87
77
Olaf87  
http://www.dailyfx.com/calendar/Dailyfx_Global_Economic_Calendar.csv is not available anymore. How can I fix that?
[Deleted]  

After analyzing the code and fixing the "filehandle 2 missing" (as well as the downloading the correct calendar) problem, i think this EA was given only for educational purposes and not to actually work.

It downloads the calendar several times but doesn't place any orders. I'm working on restructuring the whole thing to see if the idea behind this EA is valid. The concept is sound, but it might not work as well.

Khai Hwa Toh
466
Khai Hwa Toh  

Hi, I know this is a dead thread but just in case there are ppl in non-GMT countries (like me) who have been trying to get it to work, I would like to contribute this little bit of knowledge of how to get the indicator lines to display at the correction spot (my timezone is GMT+8).

Just ReplaceAll the "TimeCurrent" in Time.mq4 with "TimeLocal" and compile, then compile the indicator and the GMT offset takes place correctly.

I have been able to get it working on my MT4 terminal running on Windows 8, but on two other attempts on Windows 2003 as well as Windows 2008, some error about being unable to call the GetRight application (unable to call dll) seems to be hanging my terminal every time I try it.... any good ideas pls ping me....

Swaraj Thakur
169
Swaraj Thakur  
khaihwa:

Hi, I know this is a dead thread but just in case there are ppl in non-GMT countries (like me) who have been trying to get it to work, I would like to contribute this little bit of knowledge of how to get the indicator lines to display at the correction spot (my timezone is GMT+8).

Just ReplaceAll the "TimeCurrent" in Time.mq4 with "TimeLocal" and compile, then compile the indicator and the GMT offset takes place correctly.

I have been able to get it working on my MT4 terminal running on Windows 8, but on two other attempts on Windows 2003 as well as Windows 2008, some error about being unable to call the GetRight application (unable to call dll) seems to be hanging my terminal every time I try it.... any good ideas pls ping me....

This thread is dead and the attached EA does not work for me either.. I am trying another cheap news trader ea(Forex News Expert: http://forexnewsexpert.com) at the moment..

Will update with my results...

Sergey Golubev
Moderator
117647
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.06.06 09:25

3 Steps to Trade Major News Events (based on dailyfx article)

Talking Points:

  • News releases can be stressful on traders
  • Develop a plan before the event arrives
Major news releases can be stressful on traders. That stress can show up for a variety of trading styles.
Perhaps you are already in a good position with a good entry and you are afraid the news release may take a bite out of your good entry.

Perhaps you want to enter into a new position as prices are near a technically sound entry point, but you are uncertain if the technical picture will hold up through the volatile release. Therefore, you agonize over the decision of whether to enter now or after the news event.

Maybe, you like to be in the action and initiating new positions during the release. The fast paced volatility during the news release still gets makes your palms sweat as you place trades.

As you can see, news events stress traders in a variety of ways.

Today, we are going to cover three steps to trade news events.


Step 1 - Have a Strategy

It sounds simple, yet the emotion of the release can easily draw us off course. We see prices moving quickly in a straight line and are afraid to miss out or afraid to lose the gains we have been sitting on. Therefore, we make an emotional decision and act.

Having a strategy doesn’t have to be complicated. Remember, staying out of the market during news and doing nothing is a strategy.

A strategy for the trader with a floating profit entering the news event could be as simple as “I am going to close off half my position and move my stop loss to better than break even.”

For the trader wanting to initiate a new position that is technically based, they may decide to wait until at least 15 minutes after the release, then decide if the set-up is still valid.

The active news trader may realize they need a plan of buy and sell rules because they trade based on what ‘feels good.’

Step 2 - Use Conservative Leverage

If you are in the market when the news is released, make sure you are implementing conservative amounts of leverage. We don’t know where the prices may go and during releases, prices tend to move fast. Therefore, de-emphasize the influence of each trade on your account equity by using low amounts of leverage.

Our Traits of Successful Traders research found that traders who implement less than ten times effective leverage tend to be more profitable on average.


3 - Don’t Deviate from the Strategy

If you have taken the time to think about a strategy from step number one and if you have realized the importance of being conservatively levered, then you are 90% of the way there! However, this last 10% can arguably be the most difficult. Whatever your plan is, stick to it!

If I put together a plan to lose 20 pounds of body weight that includes eating healthier and exercising, but I continue to eat high fat and sugar foods with limited exercise, then I am only setting myself up for frustration.

You don’t have to be stressed or frustrated through fundamental news releases.


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