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Tue, 07 Sep 2010 15:53:33 +0000

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We listened, its now easy to find a forex indicator with Kidspips.

Sun, 05 Sep 2010 15:51:57 +0000

Kidspips administration is happy to announce the launching of KidsPips Indicator Collection (Indicators.KidsPips.com)

With KidsPips Indicator Collection you can easily find your desired indicator just by typing it in search box.

Or, you can browse our popular indicators and Other indicators categories to find your desired indicator.

We have added charts, description for every indicator so that you can easily understand what is actually you are going to download.

Currently Kidspips Indicator Collection has a rich collection of over 500 forex indicators.

This service is improving and Kidspips team is working after it. Special thanks to Virgin and Brain for the design and coding. Your feedback is always important to us.

As we promised, a lots of Kidspips services are coming in near future.

Till then, stay tuned!

P.S: Our continuous effort and innovation will take Kidspips to a height, that will be a challenge for us to achieve and an amazing experience for you!

Hello

Sun, 05 Sep 2010 08:20:42 +0000

I am Sejan, live in Canada, age 34.

Just joined here.

FerruFx Multi info indicators

Wed, 01 Sep 2010 04:38:35 +0000

FerruFx Multi info indicators

FerruFx Multi info indicators indicator provides useful informations such as :

* daily pivots
* daily range
* percentage of up and down trend
* you can also see other indicators like ( MA20 , MA50 , MA100 , CCI14 , MACD , ADX14 , BULLS and BEARS ) on multi frames on the same frame you use.

FerruFx_Multi_info+.zip (Size: 22.01 KB / Downloads: 0)

FerruFx.jpg (Size: 83.51 KB / Downloads: 4)

Do you know what is leverage?

Wed, 01 Sep 2010 04:26:19 +0000

Do you know what is leverage?

You see in forex trading there is an option i.e. Leverage. You will see the option 1:100 or 1:200 that is Leverage for you. This is the money given by the broker, suppose you are investing dollar 100 and your liverage is 1:500 than your money's worth will be $50,000, i.e. for every 1 dollar your broker give you 500 dollars.

Why broker give me Leverage?

It is important to know why Leverage is given to me. First of all you need to know what is spread. The spread is the amount of pips between the bidding price and the asking price. Whenever you buy or sell a currency pair your order executed on the ask and bid prices and broker make a small profit of 1 to 3 pips. If you invest $100 with leverage of 1:500 broker will get 100 x 500 x 3 pips.

My Swing Trading Strategy

Wed, 25 Aug 2010 02:10:54 +0000

1. Know the direction of the primary trend of a currency pair.

To determine this every day I analyze 22 currency pairs across 8-10 timeframes with simple trend indicators, by groups, i.e, USD pairs, EUR pairs, CHF pairs, JPY pairs, etc.

http://www.forexearlywarning.com/charts.cfm This is a link to the free trend indicators I use.

2. Then I set price alarms at critical support and resistance areas, usually S1 or R1 and check the larger timeframes for pip potential using the same indicators.

3. I monitor the news calendar for volatile news announcements, here is the calendar I use, its also free

http://www.forexfactory.com/

4. When the price alarms go off and the volatile news items hit, and generally after the London market open, I check The Forex Heatmap ™ for entry verification.

Here is the latest version, Version 2.0, I only enter trades fully verified by the Forex Heatmap ™.

http://www.flickr.com/photos/28210474@N03/4682647566/
This method works for very well for hundreds of traders in our community because you analyze the market thoroughly once per day and use almost no technical indicators, just simple trend indicators and entry verification using a real time visual map of the spot forex..

Hope this information is helpful, the method is becoming quite popular because of its effectiveness across so many pairs.

Good Trading
Mark Mc Donnell
Forexearlywarning.com
7-20-2010 EURCHFSELL.jpg (Size: 329.5 KB / Downloads: 2)

Forex Signal : 30 pips Daily !

Fri, 06 Aug 2010 11:01:37 +0000

Hi forex traders of Kidspips,

I am a forex trader.

During a long time for learning forex trading, i want to share my result with everybody now.

I will try my best to post forex signal three times a day :

Morning ( 07:45 AM -> 08:00 AM GMT )

Afternoon ( 12:45 AM -> 13:00 PM GMT )

Evening ( 17:45 AM -> 18:00 PM GMT )

Pairs of currency : GBP/USD, EUR/USD, AUD/USD, USD/JPY, EUR/JPY and USD/CHF

I hope this is helpful for everybody - Forex Signal : 30 pips Daily !

Forex: Keep An Eye On Momentum

Thu, 05 Aug 2010 18:47:42 +0000

Forex: Keep An Eye On Momentum

by Boris Schlossberg

One of the key tenets of technical analysis is that price frequently lies, but momentum generally speaks the truth. Just as professional poker players play the player and not the cards, professional traders trade momentum rather than price. In forex (FX), a robust momentum model can be an invaluable tool for trading, but traders often grapple with the question of what type of model to use. Here we look at how you can design a simple and effective momentum model in FX using the moving average convergence divergence (MACD) histogram.

Why Momentum?

First, we need to look at why momentum is so important to trading. A good way to understand the significance of momentum is to step outside of the financial markets altogether and look at an asset class that has experienced rising prices for a very long time - housing. House prices are measured in two ways: month-over-month increases and year-over-year increases. If house prices in New York were higher in November than in October, then we could safely conclude that demand for housing remained firm and further increases were likely. However, if prices in November suddenly declined from prices paid in October, especially after relentlessly rising for most of the year, then that might provide the first clue to a possible change of trend. Sure, house prices would most likely still be higher in a year-over-year comparison, lulling the general public into believing that the real estate market was still buoyant. However, real estate professionals, who are well aware that weakness in housing manifests itself far earlier in month-over-month figures than in year-over-year data, would be far more reluctant to buy under those conditions.

In real estate, month-over-month figures provide a measure of rate of change, which is what the study of momentum is all about. Much like their counterparts in the real estate market, professionals in the financial markets will keep a closer eye on momentum than they do on price to ascertain the true direction of a move.

Using the MACD Histogram To Measure Momentum
Rate of change can be measured in a variety of ways in technical analysis; a relative strength index (RSI), a commodity channel index (CCI) or a stochastic oscillator can all be used to gauge momentum. However, for the purposes of this story, the MACD histogram is the technical indicator of choice. (To learn more, see Moving Average Convergence Divergence - Part 2.)

First invented by Gerry Appel in the 1970s, the MACD is one of the simplest, yet most effective, technical indicators around. When used in FX, it simply records the difference between the 26-period exponential moving average (EMA) and the 12-period exponential moving average of a currency pair. (To learn more, see Trading The MACD Divergence and Basics Of Weighted Moving Averages.) In addition, a nine-period EMA of MACD itself is plotted alongside the MACD and acts as a trigger line. When MACD crosses the nine-period line from the bottom, it signifies a change to the upside; when the move happens in the opposite manner, a downside signal is made.

This oscillation of the MACD around the nine-period line was first plotted into a histogram format by Thomas Aspray in 1986 and became known as the MACD histogram. Although the histogram is in fact a derivative of a derivative, it can be deadly accurate as a potential guide to price direction. Here is one way to design a simple momentum model in FX using the MACD histogram.
1. The first and most important step is to define a MACD segment. For a long position, a MACD segment is simply the full cycle made by the MACD histogram from the initial breach of the 0 line from the underside to the final collapse through the 0 line from the topside. For a short, the rules are simply reversed. Figure 1 shows an example of a MACD segment in the EUR/USD currency pair.

Figure 1

2. Once the MACD segment is established, you need to measure the value of the highest bar within that segment to record the momentum reference point. In case of a short, the process is simply reversed.

3. Having noted the prior high (or low) in the preceding segment, you can then use that value to construct the model. Moving on to Figure 2, we can see that the preceding MACD high was .0027. If the MACD histogram now registers a downward reading whose absolute value exceeds .0027, then we will know that downward momentum has exceeded upward momentum, and we'll conclude that the present set-up presents a high probability short.

If the case were reversed and the preceding MACD segment were negative, a positive reading in the present segment that would exceed the lowest low of the prior segment would then signal a high probability long.

Figure 2
What is the logic behind this idea? The basic premise is that momentum as signified by the MACD histogram can provide clues to the underlying direction of the market. Using the assumption that momentum precedes price, the thesis of the set-up is simply this: a new swing high in momentum should lead to a new swing high in price, and vice versa. Let's think about why this makes sense. A new momentum swing low or high is usually created when price makes a sudden and violent move in one direction. What precipitates such price action? A belief by either bulls or bears that price at present levels represents inordinate value, and therefore strong profit opportunity. Typically, these are the early buyers or sellers, and they wouldn't be acting so quickly if they didn't believe that price was going to make a substantive move in that direction. Generally, it pays to follow their lead, because this group often represents the "smart money crowd".

However, although this set-up may indeed offer a high probability of success, it is by no means a guaranteed money-making opportunity. Not only will the set-up sometimes fail outright by producing false signals, but it can also generate a losing trade even if the signal is accurate. Remember that while momentum indicates a strong presence of trend, it provides no measure of its ultimate potential. In other words, we may be relatively certain of the direction of the move, but not of its amplitude. As with most trading set-ups, the successful use of the momentum model is much more a matter of art than science.

Looking at Entry Strategies
A trader can employ several different entry strategies with the momentum model. The simplest is to take a market long or market short when the model flashes a buy or a sell signal. This may work, but it often forces the trader to enter at the most inopportune time, as the signal is typically produced at the absolute top or bottom of the price burst. Prices may continue further in the direction of the trade, but it's far more likely that they will retrace and that the trader will have a better entry opportunity if he or she simply waits. Figure 3 demonstrates one such entry strategy.

Figure 3

Sometimes price will retrace against the direction signal to a far greater degree than expected and yet the momentum signal will remain valid. In that case, some skilled traders will add to their positions - a practice that some traders have jokingly termed "SHADDing" (for "short add") or "LADDing" (for "long add"). For the novice trader, this can be a very dangerous maneuver - there is a possibility that you could end up adding to a bad trade and, therefore, compounding your losses, which could be disastrous. Experienced traders, however, know how to successfully "fight the tape" if they perceive that price offers a meaningful divergence from momentum.

Placing Stops and Limits
The final matter to consider is where to place stops or limits in such a set-up. Again, there are no absolute answers, and each trader should experiment on a demo account to determine his or her own risk and reward criteria. (To learn more, see Demo Before You Dive In.) This writer sets his stops at the opposite 1 standard deviation Bollinger Band setting away from his entry, as he feels that if price has retreated against his position by such a large amount, the set-up is quite likely to fail. As for profit targets, some traders like to book gain very quickly, although more patient traders could reap far larger rewards if the trade develops a strong directional move.

Conclusion
Traders often say that the best trade may be the one you don't take. One of the greatest strengths of the momentum model is that it does not engage in low probability set-ups. Traders can fall prey to the impulse to try to catch every single turn or move of the currency pair. The momentum model effectively inhibits such destructive behavior by keeping the trader away from the market when the countervailing momentum is too strong.

Figure 4

As Kenny Rogers once sang in "The Gambler", "You've got to know when to hold them, and you got to know when to fold them". In trading, as in poker, this is the true skill of the game. The simple momentum model we've described here is one tool that we hope will help currency traders improve their trade selection process and make smarter choices.

FBS - fbs.com

Thu, 05 Aug 2010 13:07:47 +0000

FBS Holdings Inc. is an international brokerage company providing top quality financial and investment services all over the world. Established in 2006, it developed and implemented top-notch technologies and service level standards in its effort to get on top of the market. The principles we base our work on are transparency, honesty and professionalism. Our dedicated team of highly educated and experienced professionals works on the development and enhancement of FBS services.

Activity

FBS activities in general include:

* Online forex trading
* Online CFD, Futures, Indices, Stocks and other markets trading
* Analytical and informational support

FBS offers a completely new approach to trading accounts variety and services pattern. We now offer 3 types of accounts, and each of them is designed to fit the needs of certain group of traders. These are cent accounts, dollar accounts with fixed spread and ECN accounts.

FBS operates on Metatrader 4 platform, the world's most wide-spread and comfortable trading software, known for many years among traders. Every customer can use free unlimited demo accounts to try out our trading services and develop one's own trading strategy without any risk of loss.

FBS is a fully regulated and licensed brokerage under the authority and control of Financial Services Commission.

Account types
MICRO ACCOUNT
Minimal deposit 5 USD
Minimal order volume 0.01 lot
Leverage 1:1 - 1:500
Deposit currency USD, EUR
Bonuses 25% to any deposit!
Spreads Fixed, starting at 2 pips
Price format 4 digits
Deposit options Webmoney, LibertyReserve, Bank Wire
Trading platform Metatrader 4, Metatrader 5
Trading tools 12 currency pairs

STANDARD ACCOUNT
Minimal deposit 25 USD
Minimal order volume 0.1 lot
Leverage 1:1 - 1:500
Deposit currency USD, EUR
Bonuses 25% to any deposit
Spreads Floating, starting at 1 pips
Price format 4 digits
Deposit options Webmoney, LibertyReserve, Bank wire
Trading platform Metatrader 4, Metatrader 5
Trading tools All Forex tools, CFD tools

ECN UNLIMITED
Minimal deposit 1000 USD
Minimal order volume 1 lot
Leverage 1:1 - 1:500
Deposit currency USD, EUR
Bonuses 25% to any deposit
Spreads Floating, starting at 1 pips
Price format 5 digits
Deposit options Webmoney, LibertyReserve, Bank wire
Trading platform Metatrader 4, Metatrader 5
Trading tools All Forex tools, all CFDs and Futures.
Over 200 trading tools in total!

How to deposit my account?

Dukascopy

Wed, 04 Aug 2010 20:35:49 +0000

Dukascopy is an unique Forex trading platform or Swiss Forex broker service with that provides traders access to the interbank market for spot forex. Dukascopy is known as one of the best Forex trading platforms in the world.

Dukascopy provides one of the most liquid forex networks in the world and focuses on raising the industry standards in quality, technology, and security. Dukascopy is under heavy control by the ARIF and FFA. Therefore Dukascopy controls for money laundering more than any other Forex broker.

Specifications

Name: Dukascopy Swiss FX Group
Country of origin: Switzerland
Minimum account size: $1,000
Payment options: Bank Wire
Spreads: 0-1 pip on EUR/USD
Official Site: www.dukascopy.com

What’s In It For You?

Automatically Create & Trade In The Forex Markets
A respected Forex company
One click trading
Depth of market information
Advanced trading platform
Advanced charting and technical analysis built in
Real-time interbank rates
ECN Forex broker
Low spreads
GTC / Good For / Good Till functionality
Slippage Control
Streaming news

Click Here to Visit Dukascopy official site

Do you know what is stop loss hunting?

Sun, 01 Aug 2010 16:37:50 +0000

Collected from online

What is stoploss hunting?

Basically, stop-loss hunting is a trading strategy that tries to force retail traders (like you and me) out of our positions by driving the market price to a level where our stop-loss levels are placed. This is a strategy that the investment banks and hedge fund managers adopt because they have the resources to do it.

How To Avoid Stop-Loss Hunting

Unfortunately, there is no sure way of stopping this from happening. The only thing you can do is to avoid trading during the off-peak trading times, or times before an economic announcement. These are all times of low liquidity and it's easier for the financial institutions to influence market prices then.

How Does It Happen?

For stop-loss hunting to occur, the financial institutions will need to buy (or sell) a large volume of currency before prices can move in the direction that the institutional traders want them to.

Thus, the institutional traders will typically prefer to hunt for stop-losses when the trading volume is low, such as the time just before an important economic news announcement.

Here's what happens:

1 The institutional traders wait for prices to hit a resistance level (for example)

2 They enter orders to purchase a large volume of currency

3 Because the trading volume is low, the large buying order will cause market prices to shoot up past the resistance level

4 All the poor traders who placed their stop-losses a few pips above the resistance level will get stopped out

5 Because their stops (buy stop orders) are hit, the price will continue to go up even higher, hitting more of other traders' stop-losses!

6 Next, the institutional traders sell the currency because everyone else will be looking to sell, and prices are likely to go back down again since all the buyers have already been 'exhausted'

Elliott Wave Principle Forex by Robert Balan

Sat, 31 Jul 2010 04:48:06 +0000

Elliott Wave Principle Forex by Robert Balan

This book is recommended for all those who want to learn the ever popular principle which is 'The Elliott Wave Principle'. Believe me, you cannot find a better book to introduce you to the Elliott wave principle which does not give you a very big headache at the end. Most of the other book that was written of this topic are so cumbersome and difficult to kepp up with but not this one. This book was written by Robert Balanl who is a professional writer and researcher.

For the first time since its discovery in the 1930’s, The Elliott Wave Principle has been statistically analyzed, verified, refined and improved. The strengths of Elliott have been verified, the weaknesses identified and corrected. The result is a more powerful and accurate market-forecasting tool than ever before available.

If you are serious about taking money out of the markets, you need this critical information.

This is a definitive, excellent book on Elliott, and I recommend it to all who have an interest in the Wave Principle. It is the definitive work on a scientific wave theory of human experience.

If you are interested in technical or wave analysis, it should be required reading.

Obviouosly people either love this book (and this concept) or they hate it. I happen to love it and believe that the wave principle answers many questions about market behavior, mass social psychology and even world history. To me, this book does as much in constructing the tapestry of human history as it does in expaining stock market movements.

Anyone expecting to use this book to day-trade and get rich quick is likely to be dissappointed - no one but true experts should be day trading anyway and even many experts should probably find other lines of work.

What this book will do is begin to provide an understanding of markets as a function of human nature as well as to provide a very good long term perspective of all of human history. This book provides insight to explain everything from minor stock market corrections to protracted economic depressions to major world wars and even, believe it or not, the dark ages.

Download

What to trade? When to trade??

Thu, 22 Jul 2010 19:44:59 +0000

What to trade? When to trade??

In life, timing is everything and in forex trading, knowing when to trade is just as important as knowing what to trade. One of the greatest benefits of the forex market is that it is open 24 hours a day, 5 days a week. The ability to trade whenever you want can be a great advantage as long as traders realize that certain times of day are more suitable for trading than others. In order to devise an effective and time-efficient trading strategy, it is important to be aware of how much market activity occurs during different times in order to maximize the number of trading opportunities during those market hours.

On this relatively quiet Monday, U.S. markets are closed in observation of the July 4 th holiday and so we want to take this opportunity to tackle one of the most difficult challenges in the forex market - knowing when to trade.

Even though there is no official open and close in the forex market during the week, it can be broken up into 3 major trading sessions – Tokyo, London and NY. The Tokyo trading session is the first to open, followed by London and NY. Below is a table of the unofficial open and closes for each session.

Asian Session (Tokyo): 00:00 – 9:00 GMT (8.00am - 5.00pm GMT+8 Malaysia)

European Session (London): 7:00 – 17:00 GMT (3.00pm - 1.00am GMT +8)

U.S. Session (New York): 13:00-22:00 GMT (9.00pm - 6.00am GMT +8)

When to Trade Based Upon Your Volume and Activity

The best time to trade is when markets or trading sessions overlap because there are more participants, which means more volume and momentum to fuel trends and breakouts. This also tends to be when economic data is released, providing the triggers for the movements in currencies.

European and U.S. Overlap: 13:00 – 17:00 GMT (9.00pm - 1.00am GMT+8)

The forex market is the most active when the world’s two largest trading centers overlap. Approximately 70 percent of the total average range that a currency pair fluctuates in usually occurs during the European trading hours and 80 percent of the total average range of trading usually occurs during U.S. Trading hours. Just these percentages alone tell day traders that if they cannot sit at the screen all day, the best time to trade is the U.S. and European overlap which is between 13:00 and 17:00 GMT.

Asian and European Overlap: 7:00–9:00 GMT (3.00pm - 5.00pm GMT+8)

The next best time period to trade is during the Tokyo and European Session overlap when both Asian and European traders have the opportunity to respond to European economic data. The London open can also be particularly volatile as European traders react to overnight developments.

When to Trade Based Upon Your Trading Style

The optimal time to trade can also depend upon the trading style. For example, momentum, trends and breakout trading strategies usually work better during active and liquid market hours while range trading usually works best during “off hours.”

· Range trading – For forex traders that like to buy trade ranges during the course of the day, the best time to trade is usually between different trading sessions, a hour or so before economic data is released or the lull before the market closes.

· Momentum and Trend trading – The best time to trade momentum and trend is usually after economic data is released because if the surprise is large enough we could see follow through for at least a few hours.

· Breakout trading – The best time to trade breakouts is usually right when the trading session opens and when economic data is released.

In the following table, I annualized 1 year worth of hourly data for each of the major currency pairs to determine what time of day tends to be the least and most volatile. In the AUD/USD for example, the trading range tends the be the widest, which suggests that the chance of a breakout is the greatest between 14:00 and 16:00 GMT, right between the London and NY trading session. The best time to range trade the AUD/USD is between 3:00-5:00 GMT, a few hours before the London open.

At the end of the day, the best time to trade is really dependent upon your trading style and schedule. If you like to range trade, you can trade during working hours in Sydney. If you can only trade after work, then you may want to look for breakouts near the open of the London trading session and if you are night owl, you can trade the overlap between the London and NY session. The key is not mix and match or to try to trade range when the chance the breakout and wild swings are the greatest.

The times of the year can also matter. Volatility in the forex market tends to settle during the summer and pick up during the fall and winter as we near the fiscal year end. Therefore range trading may be more appropriate during June and July while trend trading may be more appropriate between October and January. The following charts have been created using option volatilities.

Finally, not all currencies are created equal. Some currencies are more volatile than others on an intraday basis. This does not mean that they are not appropriate for range trading but rather that when trading the more volatile pairs, wider stops may be needed. In other words, a 30 to 40 pip stop may be significant in EUR/CHF but very insignificant for a currency pair like GBP/JPY.

Mql4: Useful functions

Wed, 21 Jul 2010 19:07:22 +0000

Mql4: Useful Functions

Receive quantity of orders (market or postponed).

Code:

int OrdersCount(int type)

{

  int orders = 0;

  int cnt = OrdersTotal();

  for (int i=0; i
    if (!OrderSelect(i, SELECT_BY_POS, MODE_TRADES)) continue;

    //if (OrderSymbol() != Symbol()) continue;

    //if (OrderMagicNumber() != Magic) continue;

    if (OrderType() == type) orders++;

  }

  return (orders);

}

In the expert

Code:

int start() 

{

  int BuyCnt = OrdersCount(OP_BUY);

  if (BuyCnt > 0) return (0);

  ...

Close all orders:

Code:

void CloseOrders() 

{

  int cnt = OrdersTotal();

  for (int i=cnt-1; i>=0; i--) {

    if (!OrderSelect(i, SELECT_BY_POS, MODE_TRADES)) continue;

    //if (OrderSymbol() != Symbol()) continue;

    //if (OrderMagicNumber() != Magic) continue;

    if (OrderType() == OP_BUY) OrderClose(OrderTicket(), OrderLots(), Bid, Slippage);

    if (OrderType() == OP_SELL) OrderClose(OrderTicket(), OrderLots(), Ask, Slippage);

  }

}

Remove all pending orders of the given type:

Code:

void DeleteOrders(int type) 

{

  int cnt = OrdersTotal();

  for (int i=cnt-1; i>=0; i--) {

    if (!OrderSelect(i, SELECT_BY_POS, MODE_TRADES)) continue;

    //if (OrderSymbol() != Symbol()) continue;

    //if (OrderMagicNumber() != Magic) continue;

    if (OrderType() != type) continue;

    if (type == OP_BUYSTOP || type == OP_SELLSTOP) OrderDelete(OrderTicket());

    if (type == OP_BUYLIMIT || type == OP_SELLLIMIT) OrderDelete(OrderTicket());    

  }

}

The date of the next day:

Code:

datetime Time0 = CurTime();

  datetime Tomorrow = Time0 + 24*60*60;

  int day = TimeDayOfYear(Tomorrow);

  int month = TimeMonth(Tomorrow);

  int year = TimeYear(Tomorrow);

Take ticket of last closed order from history:

Code:

int GetLastOrderHist(int type = -1) 

{

  int ticket = -1;

  datetime dt = 0;

  int cnt = HistoryTotal();

  for (int i=0; i < cnt; i++) {

    if (!OrderSelect(i, SELECT_BY_POS, MODE_HISTORY)) continue;

    if (OrderSymbol() != Symbol()) continue;

    if (OrderMagicNumber() != Magic) continue;

    if (type != -1 && OrderType() != type) continue;

    if (OrderCloseTime() > dt) {

      dt = OrderCloseTime();

      ticket = OrderTicket();

    }

  }

  return (ticket);

}

Function for calculation a working lot.

Code:

extern bool uplot = true;

extern int lastprofit = 1;

extern double lotmin = 0.1;

extern double lotmax = 0.5;

extern double lotstep = 0.1;

double GetLots() {

  double lot = lotmin;

  if (!uplot) return (lot);

  int ticket = GetLastOrderHist();

  if (ticket == -1) return (lot);

  if (!OrderSelect(ticket, SELECT_BY_TICKET, MODE_HISTORY)) return (lot);

  if (OrderProfit()*lastprofit < 0) return (lot);

  lot = MathMin(OrderLots() + lotstep, lotmax);

  return (lot);

}

TrailingStop

TrailingStep-step.
l - a prefix for Long's
s - префикс для short's

Code:

extern bool UseTrailing = true;

extern int lMinProfit = 30;

extern int sMinProfit = 30;

extern int lTrailingStop = 15;

extern int sTrailingStop = 15;

extern int lTrailingStep = 5;

extern int sTrailingStep = 5;

if (UseTrailing) TrailingPositions();  

void TrailingPositions() 

{

  int cnt = OrdersTotal();

  for (int i=0; i
    if (!(OrderSelect(i, SELECT_BY_POS, MODE_TRADES))) continue;

    if (OrderSymbol() != Symbol()) continue;        

    if (OrderType() == OP_BUY) {

      if (Bid-OrderOpenPrice() > lMinProfit*Point) {

        if (OrderStopLoss() < Bid-(lTrailingStop+lTrailingStep-1)*Point) {

          OrderModify(OrderTicket(), OrderOpenPrice(), Bid-lTrailingStop*Point, OrderTakeProfit(), 0, Blue);

        }

      }

    }

    if (OrderType() == OP_SELL) {

      if (OrderOpenPrice()-Ask > sMinProfit*Point) {

        if (OrderStopLoss() > Ask+(sTrailingStop+sTrailingStep-1)*Point || OrderStopLoss() == 0) {

          OrderModify(OrderTicket(), OrderOpenPrice(), Ask+sTrailingStop*Point, OrderTakeProfit(), 0, Blue);

        }

      }

    }

  }

}

Open lot at set time.

Code:

extern string OpenTime = "00:00";

  extern int OpenPeriod = 10;

  datetime tm0 = StrToTime(TimeToStr(CurTime(), TIME_DATE) + " " + OpenTime);

  datetime tm1 = tm0 + OpenPeriod*60;

  if (CurTime() < tm0 || CurTime() > tm1) return;

Expert close orders with present takeprofit.
TakeProfit are 1, 2, 3, ...

Code:

extern int TakeProfit = 2;

extern int Slippage = 3;

//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

void init () {

}

void deinit() {

}

void start() {

  if (TakeProfit == 0) return;

  int cnt = OrdersTotal();

  for (int i=cnt-1; i >= 0; i--) {

    if (!OrderSelect(i, SELECT_BY_POS, MODE_TRADES)) continue;

    if (OrderSymbol() != Symbol()) continue;

    int type = OrderType();

    if (type == OP_BUY) {

      if (Bid > OrderOpenPrice() + TakeProfit*Point)

        OrderClose(OrderTicket(), OrderLots(), Bid, Slippage);   

    }

    if (type == OP_SELL) {

      if (Ask < OrderOpenPrice() - TakeProfit*Point) 

        OrderClose(OrderTicket(), OrderLots(), Ask, Slippage); 

    }

  }

}

Function returns length of orders with positive takeprofit (from the end of history).

Code:

int GetLastPositiveOrdersCount() 

{

  int PosCnt = 0;

  int cnt = HistoryTotal();

  for (int i = cnt-1; i >=0; i--) {

    if (!OrderSelect(i, SELECT_BY_POS, MODE_HISTORY)) continue;

    //if (OrderSymbol() != Symbol()) continue;

    //if (OrderMagicNumber() != Magic) continue;

    int type = OrderType();

    if (type != OP_BUY && type != OP_SELL) continue;

    if (OrderProfit() < 0) break;

    PosCnt++;

  }

  return (PosCnt);

}

Function return type of the last order.

Code:

int GetLastPositiveOrdersCount() 

{

  int PosCnt = 0;

  int cnt = HistoryTotal();

  for (int i = cnt-1; i >=0; i--) {

    if (!OrderSelect(i, SELECT_BY_POS, MODE_HISTORY)) continue;

    //if (OrderSymbol() != Symbol()) continue;

    //if (OrderMagicNumber() != Magic) continue;

    int type = OrderType();

    if (type != OP_BUY && type != OP_SELL) continue;

    if (OrderProfit() < 0) break;

    PosCnt++;

  }

  return (PosCnt);

}

ANSWER IRON

Wed, 21 Jul 2010 17:46:43 +0000

ANSWER IRON

A guy walks into work, and both of his ears are all bandaged up. The boss says, "What happened to your ears?" He says, "Yesterday I was ironing a shirt when the phone rang and (hold iron to ear) shhh! I accidentally answered the iron." The boss says, "Well, that explains one ear, but what happened to your other ear?" He says, "Well, jeez, I had to call the doctor!"

Reasons why many forex brokers don't allow scalping or has 2 minutes rule.

Wed, 21 Jul 2010 17:37:43 +0000

This is collected from mt5 forum (author: QBTrader).

Reasons why many forex brokers don't allow scalping or has 2 minutes rule.

The real problem with scalping came about with the develpment of sophisticated EA's that were designed to "beat the spread" in a scalping situation. And this can only be done with some kind of program. You cannot manually react quick enough to do it.

And the problem here is that you can beat the broker out of his commissions with these programs. And of course this is not acceptable.

For he last couple of years the Metrader programmers have been trying to come up with a way to prevent or block these programs. About build 118 or 119 they hit upon the ultimate solution. At first they deactivate the primary operators which were necessary in he program to exeute the scalps. This unfortunately also disables a whole bunch of other commercial EA's. Then they discovered they could prevent the programs by blocking the spread monitoring code which is still in place today.

In order to be able to scalp 1 or 2 pips you MUST account for the spread so the coding for a t/p function is to take the Ask minus the Bid and then add the pips you want. This is necessary whether you try to do it manually or with an EA.

This is the code they have blocked.

I have recently come across a new broker who is supposed to allow scalping with 0 spreads. And if what they say is true then it might be possible through them. They some how are not going to take commissions on the spreads and create a "currency pool" from which to execute trades. So, far can't get their platform to download.

You know for some reason I am feeling compelled to say something about some general perceptions that float around about all of things that the brokers are trying to do to the poor traders out there who are just trying to make a buck. And at least some of this is being promoted by the well known "commercial" expert advisor people who in my opinion really don't know what they are doing and have hired programmers who must have just graduated C++ school at best. (you should see the coding in the FAP products it is a wonder that it works at all) And doing things like using the order modify function to set stop losses so you hide your s/l's and t/ps from the broker is totally ridiculous and very amaturish. The real point being that these guys have to come up with some kind of excuse why their EA's don't work that well and of course the only scape goat availble is the broker.

The point here is that there are some REALLY good programmers out there who are of true hacker quality and there are some guys out there who have some substantial money to invest to hire these guys. And you can be sure that they are not going to be selling these programs to the public and they don't want anyone to know what they are doing.

I do however know that one of these kind of spread scalping programs was "released" a couple of years back. I think someone on this forum got to use it and I know of a couple other people who were able to use it before it got banned.

The point here is that all brokers are constantly under attack by some people who really know what they are doing and part of the job at the Metatrader group is to try to block some of this as "spread scalping" as it does indeed eat into the brokers profits and in a very big way especially when it is used in the 100 lot order sizes. And this is the real reason everyone else has to get restricted from doing any kind of narrow scalping. And it is my guess that someone had come up with a program that was really doing a job on some brokers when Metatrader disabled the operators I mentioned previously until they could come up with a better way to counter it.

That said the following is an example of the premise of how on "spread scalping" system works:

Although all brokers advertise a fixed spread, the truth is that these spreads are in place only "most of the time". Everyone who has traded for any length of time knows that during some news releases the spread can go way out of line. Haven't heard of a broker yet where this doesn't happen. And believe it or not the spreads will vary to one degree or another almost all of the time. If the ask moves before the bid or the bid moves before the ask you have a variance.

The spread variance is actually kind of a good indicator of direction. If the Ask starts to move out ahead of the bid then you know that the price is going to head up. So, if the spead "norm" is say 3 and you detect a 5 spread where the ask has moved but the bid has not then you initiate a Buy. A contraction of the spread will create a momentum to move the bid above the ask in fairly short order. So, your take profit is the bid - the order price = your profit target and this initiates your orderclose function.

None of these programs will use any kind of conventional t/p or s/l in the order entry.

EUR/USD Analysis

Mon, 19 Jul 2010 06:48:59 +0000

EUR/USD
Weekly Trend direction: Bullish
Weekly trend reversal level: 1.2520
Key G7 support levels: 1.2820, 1.2760, 1.2700/20
Counter-trend and scalping opportunities:
Strategy: Whilst above the weekly trend reversal level buy dips to support levels after an entry signal.

Today's trade suggestion:
Capped at 1.3000, the euro is pausing a little before the next move higher to 1.3120. Weekly momentum remains bullish and we’ll continue to look to buy dips this week, whilst above the weekly reversal level at 1.2520. Notice that the weekly downward trend line has been conclusively broken, and this should also add fuel to a further move higher. Supports lie at 1.2820, 1.2760 and then around the 1.2700 mark. We must allow for a retest of the weekly trend-line from the top side – now acting as support, and this means we may experience a dip as low as 1.2700-1.2660. Targets for long trades are the big psychological barrier at 1.3000 and then onwards and upwards to 1.3120.

Summary: Buy dips to support levels listed above after a clear G7 entry signal, allowing for a retracement as far as 1.2660-1.2700. First target 1.3000 and then 1.3120.

EUR/USD Analysis

Mon, 19 Jul 2010 06:47:43 +0000

Forex Video Training Library

Sat, 17 Jul 2010 20:09:02 +0000

Collected from online

In this thread, you will find many of the beneficial available Videos that will help everybody in learning and understanding Forex trading. In addition, many videos that explains professional strategies will be added.

Video 1

The insider code - 10cd's Full forex course

This is a one hour webinar from a former interbank trader Marco Hague . The presentation is a very brief description of his methods for creating a plan you can trade from.
He had spent 30 years in the markets and his system is about having a solid understanding of what moves prices in the currency world, when to trade what to trade ,and surviving ups and downs in a long term.

Download Links (size:148 Mb):

http://hotfile.com/dl/47011858/91cddbe/i...t.rar.html

or

http://www.fileserve.com/file/DUhDHZZ/i-...market.rar

------------------------------------------------------------------

Video 3

Bob Iaccino’s Forex Classroom

Bob Iaccino has finally completed setting up his online Forex course website. Today, the majority of the traders on the FX markets have had very little training in trading.
This is the reason why only a very small percentage of the total number of traders actually manages to make a consistent income from Forex. Bob is finally going to reveal all the strategies that he has been using to profit every month from the trillion dollar Forex market in his limited seats online course.

In this online classroom, I have learned the truth about all the other hyped up Forex trading systems, robots and other creative trading tools. Most of them are simply scams that seem to produce amazing results from back-tests, which Bob reveals why they almost always blow up an account when used in a real trading account.

Bob teaches his clients the exact methods that he uses to profit from the currencies market. Going through his online video course feels like having a financial analyst sitting right beside me, imparting to me all his professional tools and knowledge that he uses to make money.

Each training course in the classroom lasts for about 1 hour every session. The whole course will last for about 8 live training courses, each explained together by Bob and his team of currencies trading experts. 2 new sessions will be introduced per week that lasts for 4 weeks in total.

Download Links (size:384 Mb):

http://hotfile.com/dl/45756335/cc67f98/B...1.rar.html
http://hotfile.com/dl/45756357/f1a1bbd/B...2.rar.html
http://hotfile.com/dl/45756396/b05908f/B...3.rar.html
http://hotfile.com/dl/45756413/294524c/B...4.rar.html

Or

http://sharingmatrix.com/file/6500587/Bo....part1.rar
http://sharingmatrix.com/file/6500599/Bo....part2.rar
http://sharingmatrix.com/file/6500585/Bo....part3.rar
http://sharingmatrix.com/file/6500539/Bo....part4.rar

Inditrade - Inditrade.com

Fri, 16 Jul 2010 18:01:45 +0000

Inditrade - Inditrade.com

JRG Securities Ltd. is one of India’s leading financial services providers with strong presence in South India. It was incorporated in 1994 and over the years it acquired a name of trust through Equity and Commodity Broking businesses. In 2007, Baring India Private Equity Fund II Ltd., a leading private equity firm of international repute acquired a majority stake in the Company. With the investment of BIPEF came fresh inflow of talent and a focused team committed to taking this company to greater heights. Since then JRG has undergone several transformations - expanding into new geographies, adopting state-of-the-art technology, strengthening credit and risk management systems, creating new products and strengthening client relationships through service focus. The company is committed to fully compliant with all regulatory compliances with the exchanges, SEBI, IRDA, FMC and RBI. JRG is listed on the Bombay Stock Exchange and has a diverse set of public shareholders.
As the company transforms itself to being a professionally run, high quality brokerage house in India, the focus is on providing best-in-class services to the customers. The new management team consists of high quality professional talent from within the company and from the marketplace. The company strives to attract and retain the best talent, which is amongst the key building blocks for the company. The new growth strategy has four key building blocks – Trust, Transparency, Technology and Talent.

Trading pairs

USDINR EURINR
GEPINR JPYINR

Service
Dedicated RM
Recommendations through
Email/SMS/Messenger
All investments in one roof (Equity/Commodities/Currency/MF/Life insurance/General insurance)

Technology
All in one window
Streaming quotes
Multiple market watch
Online Research tips
Charts

Research
Daily reports /Market news update
Timely updation of technical levels
Intraday recommendations
Fundamental reviews & Positional calls

Why JRG ?
Research support in designing hedging strategies
Positional call strike rate is 90%.
Customized service for HNI’s and corporate.

Funding via: Check and bank transfer

http://www.inditrade.com