Forex Range Bar Indicator, Instructions:
1) set timeframe to M1
2) drag the indicator into your chart
3) check the "Allow dll import" box
4) set the tick range
5) go to "file" -> "open offline"
6) select "symbol,M2" (example - EURUSD,M2)
7) opened graph is a tick range bar chart
Comments:
Computes prices and volumes. Please, ignore times on the range bar graph, they are artifical. Remember to keep the M1 chart opened! Gaps that are shown on the range bar chart after opening it are caused by incomplete tick data in the minute chart - the MetaTrader does not store the each-tick data - only high/low/open/close. New bars printed live are based on every tick received until re-opening or refreshing the chart. Happy trading! wlas please visit www.woodiescciclub.com
taken from here
and direct download link here
Sunday, November 30, 2008
Sunday, October 26, 2008
Trading in an Automated Fashion
There are many ways to make money in today’s society however currency trading is gaining popularity. Although it may be gaining popularity, few people know how to effectively do it. This lack of experience is a major cause of failure in the business.
If the concept of Forex trading is new to you, then you must learn all the details of the system before jumping into it. It is known to be very unpredictable and will only be done correctly if you gain experience in currency trading.
For inexperienced traders and investors, the concept of automated trading system is certainly the best bet. An automated trading system, as the name suggests, does almost all the work for you. An automated trading system allows you to minimize losses in aForexa Trading.
In the Currency Trading Market, the automated trading system may not be the most efficient because of the natural competitiveness of the market. It even takes some time to be able to determine a good automated trading system. So the question remains as to whether or not a Forex trading system actually works.
It is important to find an automated trading system that includes Forex training videos. This is probably one of the most important features to look for in the automated currency trading system. If you use a trading platform that does not really coincide with the currency trading system, then you will most likely not do well.
Sign up for only those automated trading systems which send you regular updates for free. There are a number of aForex Indicatorsa which you must read about. How can one find an answer to the question- aDoes automated Forex trading systems work?a
The Forex market changes rapidly and it is important that you keep track of all the new news. A good and easy way to do this is to use the \”Forex News\” provided in updates with the automated trading system. Political news and financial news are important to the success of the Forex market.
The keywords \”trading spot forex\” can help you find a number of results on any of the asearch enginesa on the Internet. There is no denying the truth that Automated Currency Trading Systems work. Patience and in-depth knowledge of the Forex Trading are the two most important factors to be taken into consideration.
If the concept of Forex trading is new to you, then you must learn all the details of the system before jumping into it. It is known to be very unpredictable and will only be done correctly if you gain experience in currency trading.
For inexperienced traders and investors, the concept of automated trading system is certainly the best bet. An automated trading system, as the name suggests, does almost all the work for you. An automated trading system allows you to minimize losses in aForexa Trading.
In the Currency Trading Market, the automated trading system may not be the most efficient because of the natural competitiveness of the market. It even takes some time to be able to determine a good automated trading system. So the question remains as to whether or not a Forex trading system actually works.
It is important to find an automated trading system that includes Forex training videos. This is probably one of the most important features to look for in the automated currency trading system. If you use a trading platform that does not really coincide with the currency trading system, then you will most likely not do well.
Sign up for only those automated trading systems which send you regular updates for free. There are a number of aForex Indicatorsa which you must read about. How can one find an answer to the question- aDoes automated Forex trading systems work?a
The Forex market changes rapidly and it is important that you keep track of all the new news. A good and easy way to do this is to use the \”Forex News\” provided in updates with the automated trading system. Political news and financial news are important to the success of the Forex market.
The keywords \”trading spot forex\” can help you find a number of results on any of the asearch enginesa on the Internet. There is no denying the truth that Automated Currency Trading Systems work. Patience and in-depth knowledge of the Forex Trading are the two most important factors to be taken into consideration.
Saturday, October 25, 2008
Daytrading Simulator - Beneficial Learning Before Trading Forex
You can use a daytrading simulator to learn a lot about Forex trading, or to sharpen the skills that you have already. Although it is not difficult to learn Forex, it will involve your time and dedication.
Once you understand the ‘big picture’, you’ll learn how the system works as a whole. Although from a mathematical view, everything is basically straight-forward. Learning and trading the Forex gets to be a bit daunting when you start getting into the market details.
If you desire to quickly learn some of the processes involved, a daytrading simulator will surely benefit you. Then if you’re serious that Fx trading is something you would like to learn in depth, begin reading all that you can on the subject. Books, seminars, online Forex courses, website articles, and ebooks are available. Don’t forget the free library too.
It really depends on your learning style. If you enjoy the hands-on approach, surely a daytrading simulator would be your best option to begin with. That would enable you to learn with realistic data, not just theories.
Since many places offer free daytrading simulators, obtaining good trading skills shouldn’t be a problem. In general, Forex companies give free Forex demo accounts to individuals, in hopes that when they are ready to trade with real money, in real time, they will become their customers.
Choose a Forex company, and sign up for their free demo account. You should then receive an email with your user name, password, instructions, and an access link to the simulator software.
Some allow access on a time basis, such as free two weeks, or a month or more. Other Forex companies will offer their simulator software with a dollar amount, such as $50,000 or a $100,000 or more, free account.
Many times, even if you’ve exhausted your funds or time, and are still not ready to use your own money to trade the Forex, the company will extend free use of the simulator. They do want your trading business, ‘ey?
Remember, you do not necessarily have to trade the Forex with the same company who offered you free use of their daytrading simulator. What is very necessary, is that you thoroughly research any Forex business whom you desire to trade with.
source : here
Once you understand the ‘big picture’, you’ll learn how the system works as a whole. Although from a mathematical view, everything is basically straight-forward. Learning and trading the Forex gets to be a bit daunting when you start getting into the market details.
If you desire to quickly learn some of the processes involved, a daytrading simulator will surely benefit you. Then if you’re serious that Fx trading is something you would like to learn in depth, begin reading all that you can on the subject. Books, seminars, online Forex courses, website articles, and ebooks are available. Don’t forget the free library too.
It really depends on your learning style. If you enjoy the hands-on approach, surely a daytrading simulator would be your best option to begin with. That would enable you to learn with realistic data, not just theories.
Since many places offer free daytrading simulators, obtaining good trading skills shouldn’t be a problem. In general, Forex companies give free Forex demo accounts to individuals, in hopes that when they are ready to trade with real money, in real time, they will become their customers.
Choose a Forex company, and sign up for their free demo account. You should then receive an email with your user name, password, instructions, and an access link to the simulator software.
Some allow access on a time basis, such as free two weeks, or a month or more. Other Forex companies will offer their simulator software with a dollar amount, such as $50,000 or a $100,000 or more, free account.
Many times, even if you’ve exhausted your funds or time, and are still not ready to use your own money to trade the Forex, the company will extend free use of the simulator. They do want your trading business, ‘ey?
Remember, you do not necessarily have to trade the Forex with the same company who offered you free use of their daytrading simulator. What is very necessary, is that you thoroughly research any Forex business whom you desire to trade with.
source : here
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