Re: МТ4 Trading Systems: TRADE EXPRESS

12
iFibonacci
This is really great indicator (as all-in-one for example). I will use it for technical analysis.
Because I believe in Fibonacci tools, I've decided to add them all in one simple and clean indicator. So here's my first indicator which will draw almost all Fibonacci tools such as Retracement, Arc, Fan, Expansion and Time Zone based on default ZigZag indicator swings.
Update: v1.01 (29/12/2015)
Added Sunday's calculation for High, Low, Pivot Points.
Changed ZigZag Depth value to "24" instead of "21" for more drawing accuracy.
Improved Arc Scale formula.
Improved the performance of the Indicator.
Features:
Control the ZigZag values: Depth, Deviation, Backstep.
You can change the colors, width and style on all tools.
Ability to draw the tools on fixed Time Frame.
Show/Hide whatever tool you like.
Show/Hide extra levels: 14.6, 23.6, 76.4, 88.6, 127.2.
Show Daily, Weekly, Monthly High/Low with Standard pivot.
Draw triangles on the latest 6 ZigZag points.
Show Candle time left.
Credit:
JimDandy
WHRoeder
RaptorUK
deVries


Re: МТ4 Trading Systems: TRADE EXPRESS

16
Strategy TRADE EXPRESS = Modified strategy Alexander Elder + Sniper X
Many people think that their happiness will become a successful trader hampered by the lack of the necessary amount of money for easy and quick start in Forex. They are also convinced that the larger the Deposit, the "solid" rate and, accordingly, the bigger the prize. Not knowing theory without sufficient practice, people "throw" money at the feet of the "Forex God" and praying in front of a screen about the wonderful winnings. Meanwhile, curve a chart in cold blood crawling in the direction known only to her... the Main goal of the trader to determine or predict where the price is moving.
Depend on it, be it a profit or stay in loss. Great trader secrets "behind seven seals" does not exist. On how to trade and to track the direction of the market, many books are written. Describes all the tools of the trade, offering traders have developed numerous trading strategies – simple and complex.
Many traders to generate each transaction used to refer to a single screen or indicator. In principle, there is nothing wrong to use for the decision of a single indicator. But what if your chosen indicator is fundamentally flawed? If the current time range already does not display the current trend of price behavior? In addition, there is another problem, when an upward trend following indicators grow and produce signals "buy", while oscillators suggest that the market is overbought and give a signal "sell". In downtrends trend-following indicators offer to play down, but oscillators become oversold and need to buy. On the market, confidently going up or down, trend-following indicators are ideal, but they become excessively volatile when markets are trading in ranges. In the trade channel, however, best choice be oscillators, but when the market starts to follow the trend, they give premature signals. To determine the balance of indicators, traders are trying to make average readings from a set of indicators. But here they are hampered by one major drawback. The predominance of trend indicators oscillators, the result is distorted in the direction of the trend following. Conversely, the use of oscillators shows a predominance of signals is made on the basis of oscillators. The system Alexander elder at the same time removes the drawbacks of the use of individual indicators and at the same time takes into account the testimony of all types of indicators. Trading system triple screen applies to the testimony of the prices of three unique test or screen.
The PROBLEM of TIME SCALE
There is a problem, which may lead astray not only the indicators, the trader is the problem is that the long-term trend may be moving in one direction and short in the opposite. For example, the daily trend shows that the price is moving up, while at the time, and even more 15-minute time range price maybe several times a day to move in the opposite direction, and, accordingly, the indicators will depend on the time scale to which it is applied. To solve this problem A. Elder broke the time range into 3 parts:
• Long-term time range;
• the Intermediate time range;
• Short-term time range.
To calculate the time range I need to start to decide which timeframe you will trade. Then calculate long-term and short-term trend. To do this, And the elder uses the figure 5. Multiply the current time scale by 5 and rounded to the nearest integer to obtain the long range and divide by 5 for short.
Initial SCREEN: the MARKET FLOW Traders when using the three screens needs to start with the analysis of long-term time range. At long range the trader must determine the direction the long-term trend, using trend indicators. Any trend-following indicator preferred by the trader, it is can be used as the first indicator of the system of three screens.
SECOND SCREEN MARKET WAVE the Second screen is a screen which will be the trade. The beauty of the method of three screens is that the direction of trade we have already identified and strong movement will not prevent us to use oscillators to obtain the best signals. When the first screen shows an uptrend, the system considers three screens on the second screen only buy signals and ignore sell signals. When the flow of the market shows falling prices (the opposite situation), then the trader must ignore buy signals and to identify signals for sale.
THIRD SCREEN: RIPPLES IN the MARKET trading System 3 screens is similar to the ocean or river. The first screen shows the direction of the main flow. The second screen is the surface waves that can go against the flow. The third screen can be called a ripple on the surface, and kept to the shortest period of time.
The system Alexander Elder was announced in 1986. Much has been written about her during this time.
I have modified for today's opportunities. A detailed description for the members of the closed group will be in the newsletter.
Attachments

Re: МТ4 Trading Systems: TRADE EXPRESS

17
Alexander Elder is a professional trader, expert consultant and one of the world's leading authorities in the field of exchange trading, technical analysis, the psychology of stock exchange and finance. His book "Trading for a Living", released in 1993 and translated into 12 languages, has become an international bestseller and has withstood several publications. The book received great recognition in professional delirium. He lives in New York.
He was born in the USSR, in Leningrad. He grew up in Estonia. At the age of 16 he entered the medical faculty of the University in Tartu and at the age of 22 completed it. After graduating from university, he got a job as a ship's doctor for a merchant ship in Tallinn. In 1974, while boarding a ship in Abidjan (the largest city in the Republic of Cote d'Ivoire, West Africa), he sought political asylum at the local US embassy, ​​from where he was then taken directly to the United States.
After an internship in university clinics in New York, he studied at the New York Psychoanalytic Institute and worked as editor of the department of the newspaper on psychiatry. Then he opened a private psychiatric practice in New York.
In the late 1970's. A. Elder became interested in exchange transactions and began investing in shares and options. He founded the company Financial Trading Seminars, Inc. (New York) and became its director. The company's profile is the training of specialists in the field of exchange trading. A.Elder conducts consultations, trainings and seminars in the field of trading in the USA, countries of Asia, Australia, Europe and Russia.
Alexander Elder on his way: "My path to exchange success was a long one: then dizzying ups, then painful falls. Moving forward or looping, I repeatedly stuffed myself with cones and ruined my exchange account. After each failure I returned to work in the clinic, saved money, read, pondered, refined the technique, and then again started to play. "
Professionals highly praise his publications, and according to the comments of the newcomers, Elder's advice works very effectively. Books are pleasant to read, because they are set out in an easy, accessible language. In addition, the famous trader created his own website for learning to trade in English.There even put up his mailbox. Thus, anyone can personally meet and communicate with the master.
• Alexander Elder. «Rubles to Dollars: Making Money on Russia’s Exploding Financial Frontier». Published by Prentice Hall, 1998. ISBN 978-0-7352-0062-3
• Alexander Elder. «Trading for a Living: Psychology, Trading Tactics, Money Management». Published by John Wiley & Sons Inc, 1993. ISBN 978-0-471-59224-2.
• Alexander Elder. «Trading for a Living: Psychology, Trading Tactics, Money Management, Study Guide». Published by John Wiley & Sons Inc, 1993. ISBN 978-0-471-59225-9.
• Alexander Elder. «Come Into My Trading Room: A Complete Guide to Trading». Published by John Wiley & Sons Inc, 2002. ISBN 978-0-471-22540-9.
• Alexander Elder. «Come Into My Trading Room: A Complete Guide to Trading, Study Guide». Published by John Wiley & Sons Inc, 2002. ISBN 978-0-471-22534-8.
• Alexander Elder. «Entries & Exits: Visits to 16 Trading Rooms». Published by John Wiley & Sons Inc, 2006. ISBN 978-0-471-67805-2.
• Alexander Elder. «Entries and Exits: Visits to Sixteen Trading Rooms, Study Guide». Published by John Wiley & Sons Inc, 2006. ISBN 978-0-471-65982-2.
• Alexander Elder. «Sell and Sell Short». Published by John Wiley & Sons Inc, 2008. ISBN 978-0-470-18167-6.
• Alexander Elder. «Study Guide for Sell and Sell Short». Published by John Wiley & Sons Inc, 2008. ISBN 978-0-470-20047-6.
• Alexander Elder. «The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines», 2nd Edition. Published by John Wiley & Sons Inc, 2011. ISBN 978-0-470-63239-0.
Attachments

Re: МТ4 Trading Systems: TRADE EXPRESS

18
Trade in the style of Zen
BUDDHA WILL ACCELER YOUR WAY TO MILLION
Most traders think that by developing their trading system, they at once solved all the problems. Work will now go like clockwork, and profits will flow into the pocket of a deep river.
Reality very quickly returns people from heaven to earth, and they realize that the path to mastery is a long way to life.
If you have already managed to understand this, then you have a very long and difficult path ahead of you. To help you accelerate the path to long-term success in trading, let's look at trading a little with a different, than traditionally accepted, side.
We are so accustomed to blaming all of our troubles and life failures of anyone and everything, up to the weather conditions, just not ourselves, not our own listlessness of mind and low efficiency of work. This can also be called "the behavior of the eternal victim."
Our society was built on this model of behavior. Sometimes we are so convinced that we are completely at the mercy of external circumstances and events, that we forget about the very essence of our being.
Everything that happens to you on the market reflects your thinking and consciousness. Buddhism will tell about the clarity of the mind, which will open the way to effective trading on Forex.
Intraday trading is an activity that is somewhat akin to the sport of higher achievements. In particular, they are similar to the high intensity of loads during the trading day, when we are required to process and analyze huge volumes of information with maximum speed and efficiency and at the same time remain calm and dispassionate.
We all know that, ideally, we must continuously preserve the clarity of thought and clarity of mind, remaining as focused, disciplined and objectively as possible. After all, during the trading day, you need to monitor almost every second-changing situation and choose what has a direct bearing on the adoption of trade decisions, while maintaining the truth of Buddhist tranquility and confidence in their actions.
However ... For most traders, reality is very different from ideal: psychological overload, constant stress, self-doubt, their actions and decisions, constant negative internal dialogues and conflicts do not allow to act with maximum efficiency.
There is nothing. No black, no white, no sweet, no salty, no hot, no cold. There is only what we think about it ...
Surely everything written above to many of you is very familiar.
So, we have got to the bottom of the question: how can the Buddhist teaching greatly benefit your trade and your life in general?
Your reality, including everything that you perceive outside of you, is not the result of some independently occurring process, formed by external circumstances, over which you have no control. What you see around you is a reflection of what is happening inside you.
In other words, absolutely everything that surrounds you and with you happens in life (including the results of trading) was created by you. To many, this idea may seem rather unpleasant.
This is precisely the teaching of Buddhism. He teaches that each of us is and must perceive ourselves as part of the universe, and not live in this universe as a separate entity. A commonality, not an opposition, where we must always struggle with the aggressive external world and the circumstances that try to subordinate us to our will. Relying on this idea, you can get rid of false concepts and illusions that keep you in a world of subconscious inner conflict and in a state of helplessness. Overcome the constant emotional stress and stress, gain stability, get rid of psychological discomfort in the process of trading. But the main task is to understand yourself.
It is awareness that leads to more effective solutions. Without this, you constantly go against your inner nature, continuously opposing everything that surrounds you.This struggle causes you pain and suffering that you could avoid if you only understood yourself better, exhausted psychologically and physically. It took me quite a few years to understand this, and then to translate this idea into an independent formula that can improve not only trade, but also the quality of life in general. From these considerations my own method of work was born.
Buddhism teaches us to understand our true nature. He teaches us how we create our external reality from within. He teaches us the art of awareness through self-observation. Buddhism teaches us how we can discover the invisible, but eternal and absolute truths of the world, becoming quietly still and mentally retreating into the interior.
CAN ALL THIS HELP YOU IMPROVE TRADE?
Yes. Traditionally, trading was considered a linearly consistent occupation. The idea of strict discipline and strict rules, despite everything, was the main guarantee of success in trade. Emotions are the enemy of an effective trader who must work as a soulless machine.
However, there are two small problems in this approach:
1. Nothing in the universe does not act linearly. There is one law that underlies reality, and this is the law of infinite possibilities. In the strict sense of the word, there are no laws in the universe. We are the ones who create the laws of the universe.
2. We take as reality our learned patterns of behavior and patterns of thinking, deliberately driving ourselves into our own "Procrustean bed" of predeterminations, while in reality we have that part inside which is still free and open to all possibilities and changes. Here it is our true essence and true inner foundation. Most traders have no clue how to find this part of themselves that is deeply hidden beneath the thickness of the established stereotypes.
And this leads me to another important point, directly related to paragraph 2:
Emotions are the most important part of the human energy matrix. However, they need to be understood, and this requires us to be able to distinguish our emotional responses conditioned by established stereotypes of thinking from freely arising impulses that do not have the assigned content.
When the chains of illusions fall, you not only can see much more, but you will become much more stable internally. You can perceive market fluctuations detached, as if separating from the market, taking a step back, without emotional involvement in the process of trading, calmly react to what is happening. The mind becomes clear.
Learning to abstract from what is happening on the market is the basis of professionalism, and it's worth your efforts. When you stop identifying with the results of your profession and realize that the results of your trading, whether they are good or bad, have nothing to do with your true "I", but just a mirror reflecting the stereotypes of your worldview, you will have freedom. Why do you need this? And then, that in that case you can change your world map. It is artificial and plastic, we created it ourselves.
Will it save you from losses and failures? No. Errors are a part not only of trading, but also of the whole life. However, the ability to live beyond rigid principles has personally allowed me to find my own way of life and react to everything that is happening around much more calmly and detached.
Markets are a reflection of you, and you are a reflection of markets. It is very important to learn to see in this reflection what is really happening, and not what we want or expect. Do not give the market estimates, but perceive what is happening as a reality, stop fighting it and resist it. Move with him in the same rhythm.
In my opinion, this is the greatest benefit that traders receive not only from immersion in the study of Buddhist wisdom, but, above all, from understanding oneself. Their emotions, reactions, their behavior during the trade and not only. Buddhism is just one of the ways to awareness. Are you ready to learn calmly, detached and without appraising to perceive what is happening?
Attachments


Who is online

Users browsing this forum: Trendiction [Bot] and 8 guests