Price Action Colored Candle
Dec 28, 2017
This is the MT4 version of the LUA original indicator where the following condition is required:
Bullish Box: Current Close is higher than Previous Low.
Viceversa for Bearish.

For those who are interested.
The experiment was conducted on a cent account for December with an investment of $7+ $7. The result in the screenshot.
Platform at the end of the year is as follows. It is not final.
In January of 2018 will continue.

Dear friends!
I would like to wish you a VERY happy New Year and that 2018 will be the best year in your life!
I am planning some amazing things for 2018 and will aim to make it even better than 2017 was!

amdudus wrote: Sat Dec 30, 2017 6:08 am Dear friends!
I would like to wish you a VERY happy New Year and that 2018 will be the best year in your life!
I am planning some amazing things for 2018 and will aim to make it even better than 2017 was!

Happy New Year Amdudus. Thank you so much for all your contribution to our community.

amdudus wrote: Sat Dec 30, 2017 6:08 am Dear friends!
I would like to wish you a VERY happy New Year and that 2018 will be the best year in your life!
I am planning some amazing things for 2018 and will aim to make it even better than 2017 was!

Happy new year brother, thank you for your contributions in 2017! Looking forward to seeing you in 2018!

HAPPY NEW YEAR amdudus sir thank u from me & all people on this great forum for all your gift to us here. u are truly amazing guy!!!!!!

amdudus wrote: Sat Dec 30, 2017 6:08 am Dear friends!
I would like to wish you a VERY happy New Year and that 2018 will be the best year in your life!
I am planning some amazing things for 2018 and will aim to make it even better than 2017 was!

BEST WISHES For A HEALTHY & HAPPY NEW YEAR ...

Best Regards
Dimitri

ANSWER YOURSELF HONESTLY TO THE QUESTION: WHY DO I WANT TO BE A TRADER?
Almost everyone who touches the world of stock trading, even on a very limited basis, dreams of someday becoming a professional trader. Make a living stock trading is a worthy goal of many talented and hardworking people.
There is no doubt that no sphere of activity can not be compared with stock trading where by investing a minimum of, it is possible (theoretically, of course) in a very short period of time to become fabulously rich. Stories of people such as for instance, Nicolas Darvas who turned $ 30 000 and more than 2 000 000 $ in about 18 months, creating the illusion of how quickly you can get huge money doing stock trading, if the "converge all stars".
In addition, you do not need to have a super large start-up capital or to a degree, before that having spent a few years wiping his pants at the academic audience to try their hand at trading. You can "open small trading business" quickly and cheaply. Thus, when considering the different ways to turn a small amount of money in a very large, stock exchange trading often seems like a quick and easy way to get rich.
Of course, the above described fantastic scenario. Everything works not so.
The trader is responsible to anybody for his work – his employer, the chief, the boss. He can trade almost anywhere. No employees or colleagues, and there is no need to take in daily office politics and squabbles. You can trade in the morning, sitting at the computer in my Bathrobe and house Slippers, and then go for a walk in the Park, and no one can accuse you in lack of proper management of the workflow. The appeal of this type of freedom fueled by the idea of self-sufficiency.
It's true about self-sufficiency and true and complete freedom.
However, freedom, in the same way as money is very weak as a motivation for the choice of profession trader at all, and in order to become a successful trader in particular.
Let us face the truth: money and freedom (independence) can be obtained in a number of other professions. Why, instead, to become a professional golfer, poker player, artist, writer or musician, you need to become a stock trader? Because success in any of these professions (and this is not a complete list), of course, will lead to the abundance of money and freedom. And the threshold for entry and start-up capital required in the same range as in trading. So why sell? Why do you want to be a trader?
Real professionals in this field are motivated by something other than just money and freedom. They are driven by something I would call Intellectual gamesmanship...
In other words, top traders choose to undertake this profession because they like the idea of creating a rich and self-sufficient life through practice of their own intelligence. Looking closer to world leaders in this profession, you can see what really makes them tick. You will see that almost all successful traders at the same time, and big thinkers.
Read an interview with Ed Seykota, and in them you will find that it says more about the convergence of psychological tendencies and metaphysics than it does about their trading methodology. Read Vic Sperandeo's book"Trader Vic — Methods of the masters of wall street" and you'll find that this well-known trader turns his book into a Manifesto on the political and philosophical virtues of the theory of objectivism Ayn Rand.Reading the autobiography of Mark Ritchie "God exchange", you will find that it is more about the spiritual journey of this legendary trader than on his way to success in trading.
Pay attention to how famous traders such as Richard Dennis, George Soros, Jim Rodgers, Larry Williams, and William O'neil was deeply involved in politics as thinkers, community leaders, initiators, fundraisers, writers, or active participants in social life in General. View an excellent blog James Altucher and notice several of his articles have nothing to trade at all.
The point is, with few exceptions, the most successful traders are drawn to trading because they see it as one big intellectual game. They are intrigued by the idea to earn on life, relying only on the power of his mind and intellect. But this has no relation to the now fashionable concepts about a variety of "laws of attraction money with the power of their own thinking", they say, everything that you need in order to become rich and happy is just to think positively but to build in your head affirmations. Guide for the lazy to gaining wealth under the motto "think good thoughts and money will flow to your pocket" in this case doesn't work.
In order to become a successful trader, you will need an extremely high level of mental stamina. There are very few professions that would require a man almost daily manifestations of similar psychological, mental and mental features. If you want to be a trader just for the sake of money and freedom, then, most likely, pretty soon you will have to reconsider its attitude to this profession. The fact is that money and freedom are a great short-term motivators, but in order to become a professional and succeed, you'll need much more than a simple desire to be rich and independent.
If the trading attracts you intellectual game that moves the markets, then you are on the right track and sooner or later, but inevitably will be in the good company of high-level professionals. And if you are drawn to trading because you like the idea to make a living using your intellect, you obviously are doing everything right, and in this case, the positive outcome of your activities is inevitable. Ponder at leisure on why exactly you want to be a trader.
And finally, beware of different teachers who have in the office computer monitors more than books. It is unlikely they will be able to teach you something really useful.

EMOTIONAL INTELLIGENCE IS A SKILL THAT CAN BE MASTERED
For successful trading on the market from the trader, first of all, you want inner balance and self-control.
Of course, the technical aspects of trading strategy is very important, however, factor in determining long-term success, is the ability to manage their emotions.
The lack of clarity of the mind of those traders who have just started their way in the profession, leading to loss of money. When failure follows failure, often people abandon his dream. The reverse situation also occurs.A lot of examples of how novice traders who from the beginning approached the process of trading calm and measured, has received remarkable results.
In many ways, the difference in approach was determined by the degree of development in humans is such a wonderful feature as emotional intelligence. Many traders doubt the ability to regulate their own thinking, but the good news is that emotional intelligence is a skill that can be mastered. This requires only a desire and practice.
CLEAR THINKING DETERMINES THE RESULTS
Like all more or less worthwhile in life, trading – post is not easy. Those who at least once thought about trading as a career must accept that emotions in the trading process will be unpredictable (but exciting) roller coaster ride. Therefore, the ability to think clearly is vital.
To prevent violation of the rules of your trading strategy, the trader shall provide correlation of trading methods market, character of the trader and his risk appetite.
For example, if immediately after opening the transaction, the market starts moving against the trader, it can cause a strong negative emotional reaction based on a false, distorted judgment, and lead to unreasonable, impulsive closing of the position. Positive emotions that appear after a series of successful trades can also be dangerous to traders, such as overconfidence. I've seen traders catch the feeling that they "understand the market". It distorts reality and leads to excessively risky actions. As a rule, all ends is not very good – at best sobering series of losses. The market is able to very quickly "put in place" person.
How the trader to correctly build the process of managing emotions? The answer is to first become aware and then consciously change your settings and habits. Unfortunately, no magic exists. Only a methodical and challenging work can lead to success.
Below are the most common difficulties beginners faced in the first year of trading.
1. THE LOSS OF A SENSE OF THE OVERALL PICTURE
Perspective and balance are two concepts I would recommend clear to all new traders before you open a trade. Past experience has a strong influence on how we react to the present, and that all traders face from time to time. Professionals who have long traded on the market, treat this phenomenon as a "shift in the direction of novelty". In this case, refers to a condition in which distorted the overall picture of what is happening because of recent trading results.
Consider a trader who has lost a certain amount of points in the last two transactions. Before that, he sold eight of profitable orders using the same trading strategy. An objective attitude of the trader to the results of his work he could conclude that his strategy has a high winning percentage. However, it often happens that beginners feel a sense of insecurity and doubts about the sales approach and the effectiveness of the chosen tactics because of the recent findings. If the trader is overreacting to the situation, then he may, without the need to start to change the strategy, which in turn can lead to poor trading results.
Always remember one simple truth: recent history does not determine the future. The truth is that all professionals experience moments when a series of failed transactions become the center of our attention. However, this situation traders are pretty easy to fix. Consider and evaluate the effectiveness of your trading on the batch principle, that is, the amount of profits and losses over a period of time, not individual transactions. Conducted analysis thus provides the ability to maintain psychological balance and clearer to see the overall picture.
2. CLASH WITH THE ANXIETY IN THE HERE AND NOW
I think that you need to adhere to a reliable strategy for a considerable period of time. Thus, you will have the fullest opportunity to master the principles of this strategy to achieve optimal results. Problems can arise when the trader has a status of anxiety during trading.
Effective trading strategies and systems have clear steps and rules that you must follow to trade with a consistently positive result. Despite the fact that most traders are well aware, that rule becomes rather hard when the trade does not work, and when given time everything that happens on the market absolutely does not correspond to what is seen and planned at the time of opening the transaction. Anxiety and internal psychological tension in such moments are perfectly normal and natural emotional reaction. However, this should not lead to premature failure of the applied trading strategy.
To prevent violation of the rules of your trading strategy, the trader shall provide correlation of trading methods market, character of the trader and his risk appetite. I call it "choosing the path of least resistance." To do what is right for you. From the intelligent combination of all these options comes the credibility of the trading system and the confidence in the correctness of the actions of the trader.
Simply put, a trading strategy needs to be tried and many times tested on the historical period and on a demo account. People need to make sure that it has the ability to stick to your trading plan even in test situations. Failure to do so will lead to needless losses. Of course, when you move to real trading is always have difficulty. But very often they are associated with unusually for the novice trader psychological pressure. And here comes the incorrect application of earlier, seemingly so familiar and so well researched trading techniques.
THE BEST WAY TO AVOID THIS IS TO HAVE SELF-AWARENESS
Understanding our own established habits, attitudes, many of which are outside of our consciousness, and related emotions requires patience and practice, but it is achievable. Traders have to watch those habits that affect the quality and results of their work. Only with a clear understanding of what you are doing – the process of trading can lead to consistently positive results. It would seem that everything is so simple, just need to understand what and why you are doing, but with this very often, great difficulties arise. This is the clear thinking, to achieve which helps the development of their emotional intelligence.
Most importantly, just keep practicing the work. One thing is for sure, this is the path that will lead you to consistent improvement in trading results.

THE PSYCHOLOGICAL TRAPS OF TRADING: STRESS AND WHEN NOTHING IS COMING OUT?
The psychological traps of trading waiting for the speculator at every stage of its development. For beginners especially relevant stress and burnout - a condition when you want nothing and not work. Talk about how to cope with stress in Forex.
When you take the final decision to make trading your main profession on this exciting journey may meet with some difficulties, which previously knew nothing. And today I would like to talk about such unpleasant things as "burnout".
Between stress and burnout there is a difference, but both deviations are very dangerous. Burnout is a condition in which you completely lose interest in the trade due to accumulated permanent emotional, mental and physical exhaustion. In this case, it is very easy to fall into a vicious circle. While in this state, you take ill-considered decisions that lead to bad trading results, which in turn causes more emotional and psychological exhaustion. How can I prevent or correct this situation?
HOW TO RECOGNIZE THE WARNING SIGNS?
Time to recognize a psychological disorder is almost to warn him. To understand that you are on your way to burnout until it fully possess your mind, very useful. Here are some alarming symptoms indicating a possible imminent appearance of real psychological exhaustion:
• Do you feel that the coming day will not be as successful and productive, he will not bring success in trading. You do not expect anything good.
• You morally difficult to trade. There is a feeling that you're wasting your time, instead of receiving only the devastation and fatigue.
• You constantly feel completely devoid of energy.
• You are tired of all that you do and you are happy with this.
• You feel that you are doing a very heavy and absolutely useless work (even if it is not).
• You start to communicate less with friends and family, more plunging into the work, however, productivity only decreases. The more you focus on the work, the worse you perform.
• In an attempt to get at least some joy from life, you can start to eat much, or even worse, to abuse alcohol.
Unfortunately, burnout is dangerous not only for professional activities. It has a devastating impact on all spheres of life of the trader. To the extent that it can reduce the immunity, make your body more susceptible to various diseases, affect the quality of personal life and family relationships.
YOU MUST UNDERSTAND THE DIFFERENCE BETWEEN STRESS AND BURNOUT
Trading is quite hard work, coupled with constant stress and psychological pressure. It's true. And stress can actually be dangerous if not to struggle or not to use it to their advantage. But in this case, we need to understand the difference between stress and burnout:
• Stress is a condition characterized by excessive activity and psychological stress. You feel a sense of urgency, time pressure, anxiety and is more physical exhaustion. There is a feeling that you are trying to achieve, it's not worth your effort and your time.
• Burnout is a state characterized by withdrawal from activity, detachment, depression. Instead of being hyperactive, you will feel desire to surrender, to quit and leave. There is a feeling of helplessness, worthlessness, loss of hope. The emptiness and disappointment in what you are doing.
It is very important to reduce stress and burnout, but the latter usually causes more damage. If stress can make a friend, learn to use it properly, then burnout this option does not pass. Moreover, in severe cases, burnout can go into a full depression.
REALIZE THE CAUSES OF BURNOUT OF THE TRADER
Perhaps now you with a smile thought, "the causes just everything is clear: a lot of work under time pressure. Not enough time, but do you need all at once!" To some extent this is true, but in a simplified form. With this approach, the problem will solve difficult. Here are some more specific reasons for which you should pay attention:
• Obscure and expectations are fuzzy or unrealistic goals. You do not know what, why and what you want. If you constantly strive for something unattainable, you will always feel the disappointment as I will never be able to get the desired. This also applies to the tasks you set for yourself. If they are poorly defined, you will be highly disappointed.
• The monotony. Trading is a pretty monotonous activity. You do not have much variety during the work day, you don't switch from task to task.
• Workaholism. You spend 100% of their time trying to trade? If Yes, then most likely, you are sacrificing other areas of your life. There is no balance between work and life. You too little time to spend with family, friends, or doing something else besides trading.
• Desire to do everything yourself. Isolation increases the risk of burnout. If you have people you can talk to about your trading and get feedback from them, the likelihood of burnout decreases. Communication is necessary, but it is very important to carefully choose with whom to communicate.
• Chronic lack of sleep and lack of exercise. Take care of your health is necessary in the first place!
• Unhealthy perfectionism. If you have unrealistic expectations, and energy that you put into your work, always exceeds the results obtained, you'll probably burn yourself.
• Pessimism. A negative view of the world and on yourself can SAP your energy and lead you to despair.
• Intolerance of uncertainty. Life is full of endless uncertainty, and if you find it difficult to cope with this, you will be susceptible to fading. Tolerance for uncertainty is a skill that you can gradually master and thus escape from the need constantly to monitor everything.
HOW TO PREVENT BURNOUT?
There are a number of actions that a trader can do to reduce the likelihood of burnout.
Of course, it is very important to invest energy and time to learn how to trade, but you should never do it at the expense of their own health and balanced life. Every day make time to relax and do what you like. Get plenty of sleep, eat healthy food and exercise. If you want to learn how to set boundaries for yourself. Take some time to trade, and then stop. Make sure you think about something else other than trading. This can be a difficult task, but it's worth it.
IT WILL TAKE TIME TO RECOVER
What to do if you are already in a state of depression, fatigue, apathy and lack of energy?
You can start with slowing down your work or even complete cessation of trade. Do not think that just to change your attitude will be enough, it's not. Need to almost completely stop trading for a while. Despite the fact that you may want to isolate themselves from people who don't need to do that. Spend more time with those who you cherish and who cherish you, those who care about you.
After a rest, some time to sit down and evaluate your goals, daily tasks and expectations. Make the necessary changes to return to the trade, looking at her. Here are some possible topics for revision and rethinking:
• What are your long term goals as a trader?
• What are your short term goals? Do you have short-term goals that are realistic and concretely established? You have goals for this month? This week? On each day? As you can truly realize your goal?
• The tasks that you set for yourself every day, really sensible, doable and you will be able to solve them, without going at this crazy?
• Can you establish contact with other traders or people with whom communication will allow you to receive support and feedback?
• Are you ready to plan your time to not only work more efficiently but also to be able to communicate with family and friends, relaxation, creating the necessary balance in life?
• What else can you do to improve your trading results and at the same time to avoid emotional burnout, based on the information received?
EXPERT OPINION
Emotional burnout – not a pleasant condition, that from time to time may experience every man, regardless of occupation. Among traders it is also common, especially among beginners. Over time, with experience, such the emotional crash will happen less and less. In the meantime, wading through the swamp of difficult emotions, it is important to remember that you are not alone in your problem, and not helpless in addressing and preventing the occurrence.
If you are faced with burnout, read carefully again what's written in this article, rethink your own behavior, your thoughts and ideas emerged. Take a break, make the appropriate changes, and then again go back to trading with new strength and faith in yourself!