Monthly Archives: January 2014

Tom Berlino Scalping Indicator Review

Tom Berlino is one of the most famous Forex scalping signal providers today. Tom Berlino Scalping Indicator looks good so it would be profitable indicator. You will keep focus on blue line and white line since the indicator is used only to forecast the price when close to of both line. I want to mean that blue line and white line are in the upper chart not at the bottom. These lines are equally double-functional, as a Fibonacci and support resistance. If you put pip gainer indicator and templates on gbpusd chart, the lines won’t appear. I have observed that the blue and white lines appear only on eurusd.

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It seems that this system works fairly well if used with the white and blue lines, we are interested to know exactly how they are generated, and what they are. If you are using this system and you know these issues, please let us know.

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Super Scalper v6 Review

Super Scalper v6 is very successful system as long as you are capable to tell the directing of the trend, which as well happens to be the most difficult thing for some people. The best currency pair you can trade EUR/USD. You will use 1 Minute Chart time frame to trade.

Trading Rules

If Trend is UP = BUY only

If Trend is DOWN = SELL only

You will install a “Slow Stochastic” with default settings:

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K period = 14

D period = 3

K Slowing Period = 3

You can come across an indicator on most charting packages.

BUY SIGNAL = Red line crosses UP and OVER “20” Stochastic Line in UP Trend.

SELL SIGNAL = Red line crosses DOWN and OVER “80” Stochastic Line in DOWN Trend.

You will use a 5, 6 or 7 pip stop loss based on your forex broker platform. And, you will use a 15, 18, or 21 pip take profit to continue 3 to 1 Risk/Reward Ration. You should use 15 minute chart defines your major trend, scalp it on 1 minute chart, go behind with tight stops.

 

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Straddle Pro Expert Advisor Free Download

Straddle Pro Expert Advisor is a good EA that would not be a good choice to use for News Trading. You will permit the EA to run the trade with an effective trailing stop that trails in relation to your input parameters. You can also place a virtual trail for 5 pips. It is an interior trailing technique that doesn’t print to the chart screen. This is one of the best ways of this EA to remain your broker at bark. You have a percentage you can split this track into. If you go away it at 50% it will get half a lot out and leave half a lot.

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There is another way you can trade with this EA. You can perform this by the quantity desire to make on every trade either by pip earned or dollar earned or employ your eyes to measure when prices are about to turn or carry on. I myself use dollar amount since exiting by pips earned indicate dissimilar dollar totals in relation to the currency pair you are trading.

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Review on Donchian Channel with Fibbed Levels and Alerts

Brooky-Indicators have developed the Donchian Channel with Fibbed Levels and Alerts. I would like to enhance this innovative concept of the Donchian Channel to take in the capability to place extra Levels internal or external of the calculated range. As a result, it would be great indicator that can run after any moving average cross strategy or such like so that you have present Levels to aspire toward or put stops at.

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Additionally, I want to adjust it to shrink or enlarge the range of the similar period. If for the similar period it is put for 96 bars, and if you choice the indicator to calculate at a reduction of 62%, you will be accessible with a strongly ranged set of breakthrough support and resistance lines. You will find other options there to show range based on close not high low and this reveals another attractive set of levels.

This type of indicator works really well for swing trading to observe lower highs/higher lows etc. Thank You to visit our site!

 

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How Many Pips You Make Per Day

Amount of pips is very important for you in Forex trading. If you can make on average say 500 pips a day, it does mean your trading skills and the ability to pick good entries/exits. Then you can trade bigger lots with assurance and can simply make 20-30 pips a day constantly. But, monthly pips are more significant than weekly or yet daily.

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I just try to earn 20 pips a trading day with a 70% win ratio. From here on out, simply the lot size will adjust. Can I expect that I’ll be a multimillionaire with my money management spreadsheet soon so long as the broker I’m using can hold the liquidity? With this question popping up so frequently, it’s just about as if people are led to consider they should build up X thousand number of pips on a daily/weekly basis, which it shouldn’t be. If you trade .01 lots and win 100 pips a day, that’s not anything compared to 10 standard lots at 20 pips a day.

Actually, you should have a question to others if they have a strategy that wins 70+% of the time.

CMT Books Complete Review

If you want to pass Chartered Market Technicians (CMT) exams, you should be prepared properly. A significant effort is required for all candidates wishing to effectively complete the 3 exam levels. The MTA authorization board has suggested the following minimum study hours for CMT exams, based on having a common college education as well as work knowledge in the financial markets.

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CMT Exam Level 1 – 100 hours

CMT Exam Level 2 – 140 hours

CMT Exam Level 3 – 160 hours

CMT EXAM Level 1

The CMT 1 candidate is accountable for the stuff on a definition level. The candidate must know the terms used in these readings, be capable to explain the concepts discussed in these readings, and be capable to examine trends.

Exam time length: 2 hours

Exam format: MULTIPLE CHOICE

CMT EXAM Level 2

The CMT 2 candidate is accountable for the theory plus a few basic applications of concepts and techniques covered by the assigned readings.

Exam time length: 4 hours

Exam format: MULTIPLE CHOICE

CMT EXAM Level 3

The CMT 3 candidate is likely to show his/her proficiency in the incorporation of the various indicators and concepts associated with technical analysis.

Exam time length: 4 hours

Exam format: ESSAY

 

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ATR Trailing Stop EA Review

ATR Trailing Stop is the best Expert Advisor I have been using ever. You can give the ticket number to manage your single position as well as all the position on the chart. I usually trade with GBPUSD, EURUSD, and USDCAD. You can also use this EA for more pairs too. You have to attach the indicator as well as EA to the preferred pair. If you attach a pair such as EURUSD, all EURUSD position will be trailed.

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A trailing stop is a stop loss that follows the market orderly by a predetermined distance like 20 pips. As soon as the price reverses as well as retraces back by 20+ pips, your trailing stop will be triggered plus your order will be stopped up. It allows you to make safe your profits as the trade goes further in a positive way.

If you would like it to use it on ALL trades then it is very easy, otherwise you can code the EA to need an order number. However you have to manage multiple charts if you have multiple trades.

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Ultimate Forex Income Review

Ultimate Forex Income is an extremely profitable system and giving proven results. This system is easy to use and no experience is required to operate this system. It works very fast and you can start immediately. It is completely safe system which includes advanced money management. It can work with any currency pair and any time frame but the best time frames are 1H and 30M. As well as, it does not need a subscription to a Forex signal service.

 

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This system includes the trend following strategy, trading support as well as resistance levels. This system permits you to take pleasure in on average 1 to 3 winning trades per day. It has come with an easy to follow manual that includes templates, proprietary indicators as well as an installer. It boasts a 90.1% winning rate but a small 4.5-8.1% draw down. If you want to make money through a simple process is going to be boring to you, this chance is not for you.

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HWSteele Simple Astro Forecasting Methods Review

In this post, I am going to introduce a simple Astro Forecasting Method named Astrolog 5.40. It is a 100% freeware astrology program that can work with any versions for Windows, DOS, the Macintosh, and UNIX, as well as the complete source code is obtainable too. I have been using this astrology software for many years. It does the whole thing for me so I have never seen a cause to buy other software. You can use some free charts as well if you don’t have some you have used already. The advanced chart button will get you to charts you can change the date range to what ever you wish for, which is supportive to do forecasting study.

Astrolog-5.40-review

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You can save the information about this software that I showed in this post. I will be showing you many things like setting colors and other setting in the ext post soon. You have to reset it every time you use this software. I am using it for New York City. As well as, you have to know where you will add the coordinates if you want to use other cities instead of New York.

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