I've recently started trading in currencies and from whart I've seen briefly in your blog you also dabble in Murrey Maths.
My first question is that you have downloads for Ninja and E S but I was wondering if either you or your members use MetaTrader4. I would like to get hold of an EA download for the Murrey Maths indicator you use.
I'm only starting out in currencies - with not much success to date but I'm VERY conscious of Money Management but recently came across the MM and would like to use it in demo mode.
Sorry, it's getting very late here (12.15am). Hope you may be able to help. Will look more at you forum and b log tomorrow
Hi Charley, I moved your post to General and gave it a different title which I think will help get you the answers you are looking for.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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Hi Mike ... would you mind posting the following please:
a) TheName of the thread that this has been changed to ... and
b) the url (link) of that new thread.
I am unable so far to locate any forum called "General" so can not go back through the dates to locate this thread. I need to browse more, but so far finding navigation of the forum a bit tough ... cluttered. jmv
It might not seem obvious, but maybe that's why Charleyfarley never made any more posts ... you need to give people more info man.
I appreciate that MT4 threads are not popular here ... I didn't realise that when I joined. I can see that Ninja is all the go here.
Anyway ... whatever ... I look forward to contributing where I can see it may be of benefit.
no worries Ivan
I trade spot forex using MT4 and have found it ok for my style and time frames. There is the usual fears around the non centralised market and dodgy Fx brokers and many traders argue strongly that futures exchange based trading is safer and better and so on. I wouldnt bother trading anything resembling a scalping methodology on MT4 forex pairs as executions and slippage can damage the edge at times [but many do it]- but with a reputable broker and timeframes over M15 have been fine in my exerience.
... and what a brilliant toy it is too, Luke.
Some of us would walk a long way to grab some of these features.
No doubt you are familiar with some of them ...
2) Fully customisable
3) Did I mention that it is FREE?
4) Thousands of indicators available that simply slot straight in
5) Thousands of Templates ... ditto
6) Thousands of systems ... ditto
7) Available in mini or full lots, and in demo or Live ... and all still for FREE!
8) No data charges
9) Add your own ... *
As the creator of the 3D Rainbow MA chart in 2004 ( Google "Rainbow 3D Moving Averages" to get a look at my work) I like the usefulness of MT4. Have a look at a thread I created on babypips called "INGOT'S RAINBOW ... A Position Trading Strategy" to see some cool charts.
I have found the MT4 platform lends itself to this style of chart very readily, and it is not heavy on resources.
I can't comment on other types of charting, except that I have tried the GFT Dealbook 360 and the IG Markets Pure Deal, and have found both outside my patience zone! Nuff said about them both, except both claim that their charts are "state of the art" ...
So I can not comment on NinjaTrader, other than to recognise it has a powerful following, for reasons I have not investigated yet. Here in Australia we have a nicely organised and well regulated industry, and we trust our brokers, generally speaking.
And so we tend to use whatever is offered, with whatever data they offer.
In my case I simply seek reliability, and accurate execution, with zero slippage ie ... the price I click on is the price I expect to get. Naturally I expect there is zero slippage as well with Ninja Trader, so it comes down to preference, as opposed to "better". If I get jerked around, I walk ... very easy!
Ingot54, I know very well MT4, I used it for more than 2 years, and sometimes I play with it now too. What I think is that MT4 was builded around forex retail market and brokers to grab money to people, there's a great business around from EAs and indicators sellers, that born out like fungi, to retail broker that offer mini-micro accounts, lots etc. This is not real trading, no slippage and immediate filling orders is a mith, and u can't see the bid ask quotes and bid ask size. Try to sim trade futures with NT and u can understand a bit how works real market, real forex spot works the same.
Take your Pips, go out and Live.
Last edited by LukeGeniol; September 15th, 2010 at 06:33 AM.