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Showing posts from January, 2019

MetaTrader 4 Indicator to show Currency trend in Different Timeframes

Usage When trading, you probably have several windows open next to each other, different products, different time frames. Or, you have the same product but in different timeframes to see how it performs.
I wrote this indicator so I can see for a given product, how it behaves in the different timeframes available by MetaTradre 4. It has three different lines to express the following information: The trend for a given timeframe, blue arrow means bullish, red arrow means bearish.The pips change for a given timeframe, blue text means bullish, red text means bearish.The standard deviation for a given timeframe, red text means that the timeframe movement is higher thatn the volatility, otherwise black. Once attached, a panel will be drawn in the lower left corner as in the following screenshot for EURUSD:

You may see, that the daily trend for example is bullish. And that the hourly movement in pips is higher than the volatility, thus the STD value for hourly timeframe is painted in red.

To …

Looking back at 2018 and forward to 2019

Introduction

Every year brings with it 365 opportunities to make a difference, so did 2018 and so will 2019. The last was very exciting and challenging. Since going live with my algorithmic strategies to the public, it a was a roller coaster. As soon as you expose your ideas and start getting an inflow of investors it's a whole new and different experience.

The challenge we face as FX traders, specifically as retail ones is that we don't have enough equity to make a living out of the trading, which drives us to take more risky positions with insane leverage hoping this will make us overnight rich. Of course, in reality the market has its own rules and most of the traders gets punished for acting foolish, seeing their account gets blown. This is one of the reasons that 80% of retails traders lose money on average, a figure which can be seen on many FX brokers sites:



2018

Lessons Learned

In 2018 I learned the hard way how risk management is critical. I got burnt with GBPUSD crash in …