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Anybody else trading MT4 platforms.
Started:February 1st, 2014 (02:41 PM) by neelszyl Views / Replies:1,906 / 14
Last Reply:July 8th, 2014 (03:29 PM) Attachments:0

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Anybody else trading MT4 platforms.

Old February 22nd, 2014, 12:56 PM   #11 (permalink)
Elite Member
Rochester MN
Futures Experience: Beginner
Platform: Oanda
Favorite Futures: Micro-FX
Posts: 82 since Jan 2014
Thanks: 178 given, 21 received

I like MT4, but OANDA only lets you trade .01 lots (100 shares) and I'm just not comfortable trading large sizes as of yet.

neelszyl View Post
You must go to your brokers website. I see most of the brokers have their own courses on their website that gives you a good overall idea of how to trade with the platform. If you want to spend money on the training I can give you directions to where I got my training from. But I can promise you that all these indicators that the people want to sell you are all working on Simple Moving Averages, like 6; 13 and 21 and also the 60 EMA. It all depends on what type of trader you are. I find it usefull to trade them on all my charts from M1 to H4. I trade mostly the M30 and the H1 but use the H4 and Daily charts to give me the direction for the day and then the M5 for my entry into the market.If you do not understand what I've written just say and I'll brake it down more. You wait for a X-over of the 6 EMA with the 13 EMA and the 21 EMA in a bullish trend before entering a long trade(Buy) or in a Bearish trend for a X-over on the downtrend before you open a short (Sell) trade. Hope it can help you a bit.

I see what you are saying about the moving averages. Do you find it good and working for you? Right now I have the 200EMA and the 20EMA on my charts but don't really find them of use at all and if by then it is too late. I tried a system of MA's that crosses each other (only briefly) and abandoned the whole idea to study price action more directly.

edit: quote

"Judge yourself not by the outcome, but by your process."

Last edited by jamiecassar; February 22nd, 2014 at 01:07 PM.
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Old March 2nd, 2014, 03:05 AM   #12 (permalink)
Elite Member
Stilfontein - South Africa.
Futures Experience: Intermediate
Platform: Meta Trader 4
Broker/Data:; Think Forex Australia
Favorite Futures: Forex
Posts: 8 since Mar 2013
Thanks: 1 given, 5 received

Sorry that I'm only replying now. I' m using the Moving Average 3 - MA Method - Linear Weight - Apply to - Close and the Moving average 8 or 13- Simple - Close. Put all of them on a graph and see which one works the best. I mostly play the EURUSD currency pair and it works 100% for me.I use the above settings from the M1 to M30. If I only use 1 chart per currency pair I set my moving average on 5 - Linear Weight and then I've got 13 and 21 - Simple -and Close. Then you can change that 1 chart from M 30 up to Monthly and it still works, all depends on what type of trader you are, whether you do scalping or day trading.on the bigger timeframes.You must just remember and you will also see after you have installed those Moving Averages on your charts, that every X- over is not always a winner, but that's how it goes in forex. But you must be prepared to have losing trades to in between the winning trades. Set your Stop Loss according to your Risk profile and you will see that your winning are bigger than your losses. After Installing the Moving Averages scroll back on your charts and see what it did in the passed. If you want some more info just let me know and I will help you where I can.

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Old March 2nd, 2014, 04:12 AM   #13 (permalink)
Elite Member
Melbourne Victoria/Australia
Futures Experience: Intermediate
Platform: Saxo Trader, MT5
Broker/Data: Saxo Bank, Vantage FX
Favorite Futures: CFD's
Melba swing's Avatar
Posts: 56 since May 2013
Thanks: 7 given, 10 received

Hi Neelszyl,

Have you tried MT5 ? The extra time frames, dragging and dropping orders are nice features over MT4, has similar speed but it seems to group orders together instead of keeping them separated like MT4. Do you have any experience with it ?

Jack of All Trades
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Old March 12th, 2014, 01:01 PM   #14 (permalink)
Trading Apprentice
Futures Experience: Intermediate
Platform: MetaTrader, TradeStation
Favorite Futures: Forex (everything that moves with force)
Posts: 11 since Feb 2014
Thanks: 8 given, 14 received

Melba swing View Post
Hi Neelszyl,

Have you tried MT5 ? The extra time frames, dragging and dropping orders are nice features over MT4, has similar speed but it seems to group orders together instead of keeping them separated like MT4. Do you have any experience with it ?

Hello, in mt4 platform we can also do various types of graphs different time horizons, with a simple indicator. For example , we can merger coorelated pairs in one graf, example: imagine i like to trade some positive coorelated pairs (eurjpy,gbpjpy,nzdusd,gbpusd,audjpy) we can made on simple chart at the time frame that we want:

Personally I use mt4 in several brokers, we can depending on the brokers have better or worse conditions, as I am now so used to its full functionality, hardly will change.

Happy pips to all.

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Old July 8th, 2014, 03:29 PM   #15 (permalink)
Trading Apprentice
Rome, Italy
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: EUR/USD
Posts: 7 since Jul 2014
Thanks: 3 given, 0 received

Futures Edge on FIO

How much money do you need to trade futures successfully?

Using Mt4 from several year, and Ninjatrader from some months, second one is more powerful but lack in some basic feature like a historical date search or the usefull middle mouse feature to quickly check Ticks and bars distances between two points..

Mt4 is more simple but for this reason more user friendly

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