Many of you use moving averages in your trading strategy, or some kind of indicator which is based on a moving average derived formula. But whatever type of MA you use: Simple, Exponential, Linear-weighted, Smoothed, or other , it is calculated on a base data which in MT4 at least, can be: Close Ope...

Would be lovely if you guys chime in and give your thoughts on this. its good topic.............. welcome here man.............. CLOSE PRICE is what i use for analysis always............... wicks will wildly differ from broker 2 broker so not much point counting those................ keep ur choice...

What Moey said but I will add not to forget about High and Low price which is also good for creating bands - and when price breaks these bands it normally means a move and that direction.

ChuChu Rocket wrote: Wed Nov 04, 2020 5:11 pm

That's a good point, I didn't think of that! For Bands, this makes sense. So you're saying if the wicks break the bands, price will continue after a small retrace, right?

Yup..but I wait for a bar to break then decide.

Would be lovely if you guys chime in and give your thoughts on this. Excellent question. Personally, the Best Price to Apply is the Closing Price. Why? For me, I trade both Spot FX and Futures. In Futures we always close our trades before the end of the day to avoid excessive holding fees. So the C...

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Thank you.. Yes the brokers got their own version of mt4, that is not what i want... i am looking for the plain mt4 installer that we have here... .. I've found it.. the old mt4 terminal installer.. thanks you'll want to consider what version you are installing, mine is currently; Version: 4.00 bui...