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Indicators in MT4

This is a discussion on Indicators in MT4 within the HowToBasic forums, part of the Announcements category; Kathy Lien on Her Approach to Forex Trading Kathy got her start in forex trading in 1999. She started at ...

          
   
  1. #101
    Senior Member mql5's Avatar
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    Kathy Lien on Her Approach to Forex Trading

    Kathy Lien on Her Approach to Forex Trading


    • Kathy got her start in forex trading in 1999. She started at JP Morgan in a rotational program that gave her introduction to many markets, which is how she realized currencies is something she wanted to focus on.
    • Kathy identifies herself as both an intraday trader and a swing trader. She is in and out of positions in the same day for many of her trades; for some of her swing trades she will hold positions for a few days, but rarely more than 5.
    • Kathy focuses less on risk/reward and more on identifying high probability trades.
    • She always places a stop and a limit.
    • She trades EURUSD the most for her intraday trading, but uses other cross pairs for her swing trades.
    • She develops a fundamental view, based on how she sees things shaping up over the next week or 2 months, then looks for technical signs that give her the okay to enter.
    • She is a breakout trader, looking to follow momentum.
    • She believes news events can serve as the catalyst that validate her fundamental viewpoint, and thus will place trades in anticipation of market reactions to news events that validate her thesis.
    • She pays close attention to data from China, as it can have a big impact on currency markets. She does not believe China is in for a hard landing.
    • Kathy views open-ended QE in a positive light, believing it is helping to fortify financial markets and avoid a crash.


    Last edited by mql5; 08-18-2016 at 01:10 PM.
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  2. #102
    Senior Member ArticleMan's Avatar
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    Professional Money Managers and their Influence

    Professional Money Managers and their Influence

    Professor Shiller argues that institutional investors are fundamentally important to our economy and our society. Following his thoughts about societal changes in a modern and capitalist world, he turns his attention to the fiduciary duties of investment managers. He emphasizes the "prudent person rule," and critically reflects on the limitations that these rules impose on investment managers. Elaborating on different forms of institutional money management, he covers mutual funds, contrasting the legislative environments in the U.S. and Europe, and trusts. In the treatment of the next form, pension funds, he starts out with the history of pension funds in the late 19th and the first half of the 20th century, and subsequently presents the legislative framework for pension funds before he outlines the differences of defined benefit and defined contribution plans. Professor Shiller finishes the list of forms of institutional money management with endowments, focusing on investment mistakes in endowment management, as well as family offices and family foundations.

    00:00 - Chapter 1. Assets and Liabilities of U.S. Households and Nonprofit Organizations
    11:30 - Chapter 2. Human Capital and Modern Societal Changes
    17:04 - Chapter 3. The Fiduciary Duty of Investment Managers
    28:23 - Chapter 4. Financial Advisors, Financial Planners, and Mortgage Brokers
    33:53 - Chapter 5. Comparison of Mutual Funds between the U.S. and Europe
    37:58 - Chapter 6. Trusts - Providing the Opportunity to Care for Your Children
    43:14 - Chapter 7. Pension Funds and Defined Contribution Plans
    58:23 - Chapter 8. History of Endowment Investing
    01:02:34 - Chapter 9. Family Offices and Family Foundations

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  3. #103
    Senior Member 1Finance's Avatar
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    3 Candlestick Patterns For Market Reversals

    3 Candlestick Patterns For Market Reversals - Morning Doji Star, Evening Doji Star, Island Reversal Patterns

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  4. #104
    Senior Member 1Finance's Avatar
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    When your forex trading risk is really low, reward does not really matter

    When your forex trading risk is really low, reward does not really matter

    Risk a little to make more than a little...

    There are times when a forex technical level is important enough to just focus on the risk, and forget about the reward. In other words, if you trade at a key level where risk is only 5 pips, you only have to see the market move 10 pips for a 2:1 reward to risk ratio. If you make 20 pips, you have a 4:1 reward to risk ratio. That is not a lot of movement in a forex market that is moving.

    So, when risk is really low, reward does not really matter.
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  5. #105
    Senior Member RelatedHugo's Avatar
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    High Frequency Trading

    High Frequency Trading

    Dave Fry, founder and publisher of ETF Digest, and Steve Hammer, founder of HFT Alert, discuss high frequency trading operations, fundamentals, the difference between algorithmic trading and high frequency trading, fluttering, latency and the role high frequency trading had in the May stock market flash crash in 2010.


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  6. #106
    Senior Member GottaNew's Avatar
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    Trading The Martingale and Anti Martingale Strategies

    In today's lesson we are going to look at the two categories that most position sizing strategies fall into which are known as martingale strategies and anti martingale strategies.

    Indicators in MT4-4_days.gif


    A position sizing strategy which incorporates the martingale technique is basically any strategy which increases the trade size as a trade moves against the trader or after a losing trade. On the flip side a position sizing strategy which incorporates the anti martingale technique is basically any strategy which increases the trade size as the trade moves in the traders favor or after a winning trade.

    The most basic martingale strategy is one in which the trader trades a set position size at the beginning of his trading strategy and then double's the size of his trades after each unprofitable trade, returning back to the original position size only after a profitable trade. Using this strategy no matter how large the string of losing trades a trader faces, on the next winning trade they will make up all their losses plus a profit equal to the profit on their original trade size.

    As an example lets say that a trader is using a strategy on the full size EUR/USD Forex contract that takes profits and losses both at the 200 point level (I like using the EUR/USD Forex contract because it has a fixed point value of $1 per contract for mini forex contracts and $10 per contract for full sized contracts but the example is the same for any instrument)

    The trader starts with $100,000 in his account and decides that his starting position size will be 3 contracts (300,000) and that he will use the basic martingale strategy to place his trades. Using the below 10 trades here is how it would work.

    As you can see from the example although the trader was down significantly going into the 10th trade, as the 10th trade was profitable he made up all the his losses plus a brought the account profitable by the equity high of the account plus original profit target of $6000.

    At first glance the above method can seem very sound and people often point to their perception that the chances of having a winning trade increase after a string of loosing trades. Mathematically however the large majority of strategies work like flipping a coin, in that the chances of having a profitable trade on the next trade is completely independent of how many profitable or unprofitable trades one has leading up to that trade. As when flipping a coin no matter how many times you flip heads the chances of flipping tails on the next flip of the coin are still 50/50.

    The second problem with this method is that it requires an unlimited amount of money to ensure success. Looking at our trade example again but replacing the last trade with another loosing trade instead of a winner, you can see that the trader is now in a position where, at the normal $1000 per contract margin level required, he does not have enough money in his account to put up the necessary margin which is required to initiate the next 48 contract position

    So while the pure martingale strategy and variations of it can produce successful results for extended periods of time, as I hope the above shows, odds are that it will eventually end up in blowing ones account completely.

    With this in mind the large majority of successful traders that I have seen follow anti martingale strategies which increase size when trades are profitable, never when unprofitable


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  7. #107
    Senior Member mql5's Avatar
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    MetaTrader 4 Android February 2015

    MetaTrader 4 for Android devices updated: New Design, Financial News and System Log. Mobile Trading should be convenient.

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  8. #108
    Senior Member mql5's Avatar
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    Fundamental Analysis Vs. Technical Analysis in Forex

    Fundamental Analysis Vs. Technical Analysis in Forex

    Indicators in MT4-audusd-h4-alpari-international-limited.png


    Traders analyze any financial market including the forex market in one of 3 ways:

    1. Through Fundamental Analysis

    2. Through Technical Analysis

    3. Through a Combination of fundamental and technical analysis

    While which method a trader chooses is ultimately up to them and their trading personality, it is my opinion that a trader who at least has an understanding of both technical and fundamental analysis is in a better overall position to trade profitably, than someone who focuses on only one school of thought.

    To help understand this lets say that I am a trader who studies technical analysis and believes that at least in the short term, which is the time frame that I trade on, that technicals are all that matter. Next lets say that I am looking at a chart of the EUR/USD at 8:20 AM on the first Friday of the month, and my technicals are telling me that the trade is a good buy.

    If I focused purely on technical analysis then I would probably enter that position not knowing that at 8:30 AM I may be in for a surprise that I was not expecting. As those of you who have been through module 8 of my basics of trading course know, at 8:30 AM on the first Friday of the month Non Farm Payrolls (NFP's) are released, which historically has been one of the most market moving fundamental releases in the forex market.

    While I am not saying that a trader who trades on technicals should not take a trade that looks good to them from a technical standpoint because of weak fundamentals, what I think this shows is that technical traders who at least have an understanding of fundamentals have the ability to decide whether or not they should factor in a specific piece of fundamental information or no. In my opinion this gives them a big leg up on technical traders who dismiss fundamentals altogether.

    Now lets say that I am a trader who trades a carry trade strategy which trades based off of a model I built to forecast interest rates based on fundamental news releases. Next lets say that my model generates a buy signal at 1.4700 which I have included on the chart on your screen. Would my trading not be better served if I at least knew that there was a major head and shoulders top in place, so technically the market is very weak here?

    As with our technical analysis example what I am not saying is that a trader who trades on fundamentals should not take a trade that they feel is good from a fundamental standpoint when the market is weak from a technical standpoint. What I am saying however is that fundamental traders who at least have a basic understanding of technical analysis have the ability to decide this for themselves. In my opinion this gives them a big leg up on fundamental traders who dismiss technicals altogether.

    As you have probably realized if you have been following my courses, they are designed to give traders a knowledge of both fundamental and technical analysis because I believe a knowledge of both puts traders in the best position to learn to trade profitably. I also believe that you can't really make a decision if you are going to trade based mainly off of technicals, fundamentals, or a combination of the two unless you have a sound understanding of the basics of both fundamental and technical analysis.

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  9. #109
    Senior Member ArticleMan's Avatar
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    Inside Bar Forex Trading Tutorial

    Check out this Video which Talks about Inside Bar Stall Signals, these are patterns you need to be aware of. This Video was recorded ahead of the FOMC, so watch the price action and see what happens. Could be a break up, down, or a false break pattern, is important you understand this is how you MAP the price in advance, its not just a trading signal.



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    inside bars indicator for Metatrader 4 - free to download here.
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  10. #110
    Senior Member mql5's Avatar
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    How to Use Your iPad as a Laptop Second Monitor for Forex Trading


    This video will show you a great way to get a laptop second monitor for your Forex trading, by using something you probably have anyway...an iPad.

    Just by buying a simple iOS app for about $15, you can turn your iPad into an external monitor and run any Mac or PC application on the second screen.

    This can help reduce what you travel with, while giving you some extra screen real estate, which is helpful for doing work, trading multiple markets and more.
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