Recent content by trendisyourfriend

Kriss, thank you for your reply, Would you mind telling me what type of text editor i need in order to open these ".hts" files as they seem to be encoded in an unknown format (at least to me). Are these files generated automatically when i open a chart for a given timeframe or must i export...

Don't believe everything being said by legendary members, most of them have some delusional convictions. For most, learning how to proceed is a titanesk task.

Hi there, I'd like to be able to export historical datas for a given timeframe (say H1) but for a list of currency pairs (1 file by currency pair) that i could define one time. Is it possible to do this in MT4 with a single click of a mouse ? I'd like to automate this process as doing it by...

I am sorry, i have no idea what forward testing means. Maybe you mean using some random datas but random is no more good than past datas. My question is relatively simple and i don't think i need to give a specific set-up to make it clearer. What i understand is no one seems to use this kind of...

One thing i have noticed in my short journey into the FX market, when divergences between price and momentum arise the appreciation of this divergence might create some problems to a mechanical system, so this is one area discretionary traders may have an edge over programmers.

Which of these 2 is better discretionary strategies or systematic strategies ?

Huge funds are moved on the Forex market by big players but at very specific time during the week. That is a real relationship that price has with time among many others.

Huge funds are moved on the Forex market by big players but at very specific time during the week. That is a real relationship that price has with time among many others.

If price is the leading indicator how can we become familiar with its coregraphy ? Should i look at patterns such as triangles, flags, head & shoulders etc. or candlesticks shapes and/or configurations ? how to evaluate the relationship between price and time ?

This commentary is too general for my level of experience, i appreciate your reply but i just don't get it. I had the impression those scenarios were used by a majority of traders and were common practice and had possibly been tested to death.

I would prefer going to the beach having my eLONGated body disposed aLONG a LONGitudinal axis and facing the sun of course.

This rule is well very simple. This is a money management strategy to help maximize our profits while minimizing our losses. SCENARIO I Let's suppose that you buy 20000 units of EUR/USD (2 mini contracts of 10000 units). You determine that your stop is going to be at -50 pips from your entry...

I am pretty much new to forex and i am trying to apply a couple of indicators to ease my job and maybe give me a couple of warnings regarding the complex topic of reversal or its sibbling... a retracement. In an uptrend, which indicator or set of indicators would give the trader early warnings...

But is it allowed to mention company or web site names of Forex training ?

I am testing Metatrader 4 and would like to confirm with you if my interpretation is correct... A currency quote is listed in this format bid/ask. If i am short on a given currency pair and have set my take profit let's say to 1.5000 (i opened my position at 1.5050) does it mean my take profit...