Forex rebates on every trade - win or lose!

That should be a sound start, CC. May I suggest that for your chosen instrument and timeframe, you use Chocopops Magic MACDTM settings and that you act upon it passing through the zero line rather than a ma crossover.

so, just to check, like where the arrows are Hilary?


Ps - I promise to delete one of the indicator windows before I start this. It's just that I don't like the default metatrader macd with one line and find it easier to understand the upper layout in its more usual format.
For our excercise deleting the top one seems the best idea though

Yes, CC, except that I would be more inclined to go with the main line rather than the lagging signal line.

Out of interest, how do get the more tradational MACD depiction in MT4? I didn't know that it could be done.

You need to add a custom indicator to your metatrader platform. This doesn't come as standard with mt4

go here:
http://www.forex-tsd.com/indicators-metatrader-4/87-indicators-alert-signal-108.html#post169228

and download the file to c:\program files\metatrader 4\experts\indicators.

you need to change the metatrader4 folder to metatrader - North Finance or ODL metatrader depending on where you downloaded mt4 from.

Then close mt4 and reopen it. If you look in custom indicators in navigator you will see and indicator called macd_colorHist_AlertGGv2. Just attach it to your chart with the relevant settings.


Notes. It has an alert built in with sound which will pop up to tell you when the signal line crosses through zero and when the histogram crosses zero. This alert appear to filter some "noise" around the cross lines so it doesn't pop up like mad all the time in a tight choppy market so don't rely on the alert. It's pretty good but you still have to watch the chart. I think it must have some paramter setting to look for say a move across +/- a small amount but I haven't been bothered to read the code to find out. Or maybe it just checks for the cross at the end of the period - i haven't persued this - it's not why i got it in the first place - i just wanted a standard macd chart

It's got email facilities too for distribution to email and texts to moblile phone but please don't ask me how all this works. I'd love to set that kind of thing up but it's pretty pointless unless I can start making money. I will tell you though it's not a five minute job for someone like me - all smtp experts apply here.

So instead of me sitting here all day staring at the signal line on the eurjpy chart i can wait for my speakers to go beep instead. lol. Actually that;s not the point of the excercise is it - i will watch the chart properly and observe what happens.


If you still need help or haven't/don't want to register with tsd pm me and i'll send you the file.

Oh and beware they are zillions of these indicators but many are flawed. And I don't been flawed that they don't produce money (not that they do anyway), flawed because they don't do what they say they will. Checking them really carefully is essential

Can I get metatrader free or do I have to be with a broker that uses it.

Cheers

It's free Dil.
Try this crowd:
http://www.northfinance.com/demo-account/

Cheers CC I'll take a look at the weekend.

Nice to see you're busy Cap'n ;)

Anyway - Bos reminded me before Christmas that I had suggested - ages ago now - that Forex babes and oldtimers might want to get together for a bit of a session.

Never organised anything like this before, and I've made a couple of enquiries with 2 hotels that sit close to the motorway network - up here of course. I'm not yet fit enough to contemplate doing this in the smoke.

Before I take this any further, it'd be good to have some numbers - then at least I'll know whether the idea's worth pursuing, so no date as yet. What I can tell you is that one hotel has offered me 25 per head if I book before the end of the month. The other, which I much prefer, has offered 35. These prices include coffee/biscuits/water and lunch.

Offers of other ideas most welcome :o)

hils

Thank you - I wasn't really looking for a serious answer - I was being sarcastic! However, your comments are actually very helpful.

I tend to close winners too early & just watch as they keep on going & then when I have got really frustrated I leap in just as they turn!

Choccie: when and where -- is it within easy reach of MAN (Manchester airport)? You might be honoured(!) with my presence . . .

Choccie, I'd be interested as well, may be able to rustle an extra or two as well

Britannia Country House Hotel is where MoneyAM had a thingie a while back

and the other one is the Etrop Grange Hotel where the food, amongst other things, is better.
Oh and apparently they have a bridal suite ;)

Dil - this one might be better. It's running gmt +0. Think I might switch to it myself
http://www.alpari-idc.com/en/metatrader4/open-demo-account.html

The dollar tumbled Thursday afternoon amid the release of dovish comments from Fed Chair Ben Bernanke indicating that the Fed will act in a timely and decisive manner in order to stimulate the US economy.Saying that the risks to growth in 2008 are more pronounced, the Bernanke asserted that further easing of interest interest may be necessary in order the stem problems in the housing and credit market.The dollar dropped to 1.477 versus the euro, extending its losses from earlier in the session when ECB President Jean-Claude Trichet signalled that policy makers in Europe are more concerned with inflation than recession. With the decline, the dollar was nearing a 6-week low of 1.4824 from earlier this month.The Dow Jones Industrial Average skyrocketed higher by more than 100 points moments after Bernanke''s comments, which he is expected to deliver in a speech at 1 pm ET.The dollar tumbled Thursday afternoon amid the release of dovish comments from Fed Chair Ben Bernanke indicating that the Fed will act in a timely and decisive manner in order to stimulate the US economy.Saying that the risks to growth in 2008 are more pronounced, the Bernanke asserted that further easing of interest interest may be necessary in order the stem problems in the housing and credit market.The dollar dropped to 1.477 versus the euro, extending its losses from earlier in the session when ECB President Jean-Claude Trichet signalled that policy makers in Europe are more concerned with inflation than recession. With the decline, the dollar was nearing a 6-week low of 1.4824 from earlier this month.The Dow Jones Industrial Average skyrocketed higher by more than 100 points moments after Bernanke''s comments, which he is expected to deliver in a speech at 1 pm ET.

Wouldn't you know it - he's speaking to Women in Housing and Finance, in Washington ;)

Thanks for the info about the MACD indicator, CC. I've downloaded it and installed it now. I'm just waiting for a crossover now to see whether it will play Jingle Bells for me.

I presume that the red and green arrows in boxes are also a downloaded add-on from somewhere or other. Perhaps you could also let me know how that works.

:o)

CC, I have been reading your posts with interest. I haven't commented up until now as I am no forex expert that's for sure.

What I would say is that after 8 months of trial and error with indicators of all shapes and sizes I have returned to basics - higher lows and lower highs on a 5 minute chart with a few moving averages for good measure.

My weakness is discipline. Ignoring what the setup is telling me and going with what I 'know' will happen next.

I feel I am getting there slowly but I still have moments of weakness. I was up at 5:30 this morning nursing a cable long which started off as a quick 10 pip trade (no signal) and turned into an overnighter. In this instance stubborness won in the end but my rule book was torn up in the process !

On a lighter note (sorry about the pun) I have joined a NHS smoke free course. I got my prescription for Zyban this afternoon. The leaflet of possible side effects makes interesting reading :

irritable or aggressive behaviour, seizures fits or convulsions, palpitations, hallucinations, strange dreams, insomnia, depersonalisation, restlessness, delusions, paranoia, difficulty concentrating, sweating, depression with suicidal thoughts ....

Apart from the seizures and fits it sounds like a normal trading day to me !

My counsellor reckons she has a 70% success rate, she didn't say if any of them are still alive though ;-)

On a more serious note, qwento, Nick Winterton petitioned the Secretary of State for Health some years ago, in particular with regard to how many deaths had been attributed to the use of Zyban, following the tragic death of the son of a friend.

Choccie: I assume that your preferred venue is the one with the bridal suite ;-)

Either way, I could make it, I'm too lazy to drive and I need to use up my air miles to avoid the fate of dying an air miles millionaire (if I croak it before I use them, go long BAY.L, it'll save them a fortune).

I'll call you about the format -- maybe we can help in some way.

Etrop Grange? Stayed there before, nice country hotel, right next to the airport. Dunno about a bridal suite but mine had a four poster bed!!

red and green arrows. No download required.

On my mt4 you can get them from the box left of M1. 2 rows vertically below help.

they don't auto-pop for you. I just put them on manually to show the entry points. a bit like text labels.


If you wanted them to auto-pop up at the cross of the macd you need to rewrite the code in the indicator you downloaded. It isn't a difficult job but it's beyond my ability for the momemt.

Oh dear - i see a rush of hot pink arrows and thumbs up on your charts now ;-)