MetaTrader 4 How to navigate through MT4
This is a discussion on How To Simple with Metatrader 4 within the HowToBasic forums, part of the Announcements category; MetaTrader 4 How to navigate through MT4...
MetaTrader 4 How to navigate through MT4
Introduction to Terminal Settings on the MT4 platform
You can learn how to place pending orders, modify charts, apply Stop Loss, close positions, open positions and apply Trailing Stops. Learn where to find the Account History tab.
How I Trade Breakouts
My main problem with this is management of risk. Where are you going to put the stop? It's quite reasonable after such an extended run to expect some profit taking. And that, combined with any other short entry orderflow attempting to capture a breakout failure, may just be sufficient to drive price back below the breakout level.
Where will you put your stop? Maybe just below the breakout bar? That's not too bad from a "minimising risk" perspective, but from a technical perspective it's not the greatest. You'll have low risk, at the cost of greater stop outs. The only reasonable "technical" stop is the opposite side of the rectangle pattern, which is not good at all from a risk:reward perspective.
How to use Camarilla Pivots
Warren Buffet once said, Price is what you pay, but Value is what you get. Professional traders understand that we can find great value on our trades by understanding support and resistance. There are multiple ways to identify support and resistance price levels. Many traders turn to pivot points to identify safe price levels to enter and exit our traders. You will be able to find multiple forms of pivot points; however, we believe that camarilla pivots are the best.
Bollinger Bands vs. Keltner Bands vs. Momentum Bands from a Futures Perspective
This is the final video production in our three part series on how to use Channels - both straight line and standard deviation - for buy and sell signals. In this video, we pull up some futures charts and compare the signals given by Bollinger Bands, Keltner Bands and Momentum Bands. We discuss overbought and oversold levels. How each measure the volatility of a stock and then share how each can be used as breakout signals for long and short trades.
Understanding Forex - What is a Pip
The Foreign Exchange Market (Forex) is market where currencies are actively bought and sold by banks, funds and investors. The Forex Market facilitates the conversion of one currency for another. It is the relative value of the base currency vs the value of the quote currency. The major currencies of the world are:
- US Dollar
- Austrailian Dollar
- British Pound
- Canadian Dollar
- Japanese Yen
- Swiss Franc
These are the most liquid currencies in the world. The US dollar is involed in 90% of Forex Transactions. Currencies fluctuate in fractions of a dollar called a Pip (Price Interest Point) A Pip is the last decimal of a quote
MetaTrader STP Review
Trading Dictionary: Volume
Watch this short video to learn the meaning of the term "volume" as it applies to investing/trading.
Trading Dictionary: Benchmark Index
A video defining the term "benchmark index" and how it relates to traders in financial markets.
How to Trade Breaks of Trendlines
The basic points in the video are as follows:
1. When markets break a trendline after forming three steepening trendlines, a larger reversal may be in the works
2. Look for confluence with candlesticks and horizonal support/resistance levels after a trendline breaks
3. Enter on a re-test of a trendline or a broken support/resistance level
4. When there are 3+ trendlines and the market starts to reverse and break each one, pullbacks will likely be steeper after each subsequent break of a trendline
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