Forex Trendline EA- Automated Trend Trading on MT4 Forex ...

GBPUSD forex trading help needed.

GBPUSD forex trading help needed.
Hello everyone,
I have seen a SELL in GBPUSD. If I am true I will lose my deposit. Because Please tell me if I am right or wrong after seen these screenshots. What is your suggestion? If I stay without doing anything and if the market keeps selling I will lose the deposit.
I have 9 open trades. Now it's -209 USD. and keep losing.
I am using Forex Kingle EA. And all those trades are from that EA.
and I see that whenever open new trades the TP line is getting close but the bounce back in the trendline is not high enough to touch the TP
If I open a SELL trade. I will reduce the drawdown, right?
Do you think it is a good idea?


Trading view GBPUSD H1
MT4 chart GBPUSD H1
submitted by nishadsaranga to Forex [link] [comments]

IAmA profitable discretionary Forex trader..

/trading and /forex are dead so I thought I would post in here. Feel free to ask me anything. I am not a guru, and am just looking to help aspiring traders by cutting through the many misconceptions that exist around trading.
I have spent a LOT of time learning how to trade consistently and profitably. I have also spent a LOT of time learning how to do things that do not work. What works for me may differ with what works for you, I can only comment based on my own experience of what works.
I have tried using hundreds of different indicators and combinations thereof, I have also done extensive backtesting and data mining and can advise somewhat on my experience with that. I have tried trading with EAs.
However, these are things that do not work for me.
I consistently and profitably trade using horizontal support and resistance and a fibonacci scale. This method is sometimes referred to as "Price Action" or "Naked" trading in online forums. I also use angular support and resistance (trendlines), but less often. The market is very simple if you let it be.
I trade patterns that constantly repeat themselves in the market. They repeat consistently, I see them again and again and again. I do not know the outcome of each trade before I take it. I cannot tell the future, and I do not believe anyone who says that they can. Because I cannot tell the future, I cannot eliminate losing trades entirely, and they form part of my profitable trading.
I owe much of my initial trading belief to a group of traders that I met online. I have since met these people in person to confirm their situations. Their advice has always been free and I am deeply thankful for their mentoring, these traders helped me to believe that consistently profitable trading was possible. These traders trade different markets using different methods, but each is able to be consistenly profitable and trade for a living. I believe that having profitable traders to talk to day-in-day-out greatly helps the learning process.
Having said that, I do not currently trade for a living and I do maintain a fulltime job. This will change in years to come as I get a better idea of what to expect from the market week to week, month to month. Trading Forex is not a consistent income in the same way that a wage is - profits fluctuate, as the market is dynamic - and there are practicalities that need to be considered before I leave the workforce and commit to trading fulltime.
I am currently learning to trade the DAX by paper trading. I aim to take smaller profts on a daily basis from the DAX to supplement my Forex trading. This more consistent income will assist me in being able to leave the workforce.
A large amount of capital is NOT necessarily required to trade for a living..
Anything that I can help with? Ask away
submitted by grebfar to investing [link] [comments]

Getting Started

Hey guys! I found a super cool list of everything a new forex trader would need to get started! Originally made by to nate1357. Link to original thread http://redd.it/328cjr
Free Resources
Education:
www.babypips.com/school
www.informedtrades.com/f7
www.forex4noobs.com/forex-education
www.en.tradimo.com/learn/forex-trading
www.youtube.com/useTheTradeitsimple
www.traderscalm.com
www.orderflowtrading.com/LearnOrderFlow.aspx
www.profitube.com
Calendars:
www.forexfactory.com/calendar.php
www.dailyfx.com/calendar
www.fxstreet.com/economic-calendar
www.forexlive.com/EconomicCalendar
www.myfxbook.com/forex-economic-calendar
www.investing.com/economic-calendar
Free News Websites:
www.forexlive.com - Daily live news, analysis and resources
www.financemagnates.com - FX industry news and updates
www.fxstreet.com - Daily news, analysis and resources
www.forextell.com
www.forexcup.com/news
www.bloomberg.com/markets
Forums:
www.reddit.com/forex
www.forums.babypips.com/
www.forexfactory.com/forum.php
www.elitetrader.com/et/index.php
www.forex-tsd.com/
www.fxgears.com/forum/index.php
www.trade2win.com/boards
Margin / pip / position size calculators
www.myfxbook.com/forex-calculators
Brokerages:
There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice. After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels. Once you’ve narrowed that down you can compared spreads and execution. ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market. Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy.
www.forexpeacearmy.com - Aggregates broker reviews. Be warned though that people only seem to make bad reviews.
www.myfxbook.com/forex-broker-spreads - Live comparison of executable spreads
United States & International-
-Interactive Brokers
International Only-
-LMAX (whitelabel DarwinEx)
*DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified
-Dukascopy
*ECN based in Switzerland, but available elsewhere depending on local regulations.
*Tight spreads *Minimum deposit $100 *Fairly well diversified
-IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified
-Pepperstone
*ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified
Software / Apps:
Desktop/mobile
Terminology/Acronyms:
www.forexlive.com/ForexJargon - Common terms and acronyms
FAQ:
I need to exchange money, how do I do it?
This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee.
I have money in one currency and need to exchange it into another sometime in the future, should I wait?
Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it.
I have an FX account, should I start trading demo or live?
This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance.
What’s money management?
Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered.
More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp[35]
www.swing-trade-stocks.com/money-management.html[36]
What about automated trading?
Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams.
What indicators are best?
That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc.
What timeframe should I trade?
Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades.
Should I trade using fundamental analysis (FA) of technical analysis (TA)?
This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint.
I’ve heard trading Binary Options is an easy way to make money?
The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX.
Am I actually exchanging currencies?
Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another.
Why didn't my order fill?
Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
submitted by ClassicalAnt6 to TeamOceanSky [link] [comments]

TripleH 2020 Best Scalping EA New Concept Profitable Trend ... MQL Trendline EA For MT4 Best Trend Lines Trading Strategy (Advanced) - YouTube เทรด Forex โดย EA Trend line ทำกำไรได้จริง Forex TrendLine EA 100% Win Rate Trend Scalp Forex MT4 EA Bot Strategy Backtest Trend Line Alerts With MQL Trendline EA The FXTT Trendline EA (Expert Advisor) for MT4 TrendLine Breakout EA How to use the Trendline Magic EA to automate Forex Trendline entries using simple Forex systems

The FXTT Trendline EA Free for MT4 is a robot that helps you trade using the trendlines drawn on your chart. It basically allows you to set pending orders using trend lines.Something that Metatrader does not allow you to do by default. Easy to set up; Choose default Lot size, Stop Loss and Take Profit; Allows action on Touch, Pullback or Breakout of trendline Trendline Trader EA is the best assistant software for those who are trading Forex using chart patterns technical analysis on MetaTrader 4. What is Trendline Trader? Trendline Trader is an Expert Advisor application designed to initiate trades on the Metatrader 4 platform, only when a price breaks through a trend line drawn by a human trader or any 3rd party robot. Forex PGEA The TrendLine Killer Robot review: This is a 30 pairs portfolio strategy taking advantage of “Modern Portfolio Theory (MPT), a hypothesis put forth by Harry Markowitz in his paper “Portfolio Selection,” (published in 1952 by the Journal of Finance). MPT is a trading theory based on the idea that risk-averse traders can construct portfolios to optimize or maximize expected ... Free Trend Line Forex Robot. The trend line forex robot helps you to trade upward and downward trend line breakouts on autopilot. This EA can be used on any currency pair and timeframe. How to use? First step: find and draw interesting trend lines that you want to trade on the MT4 chart (see image below). The Trend Line EA can also be used when trading in the direction of trending moves. Free Download. Download the “Trend Line.mq4” MT4 robot. Strategy Tester Report. Find below the Trend Line robot strategy tester report for the GBP/USD forex pair on the Daily chart. Overall Performance. The EA made a total profit of $30273.79 from a total of ... Upon Opt-in, You will Discover: How to trend-trade with this Forex Trendline EA on Complete Automation ; How to trade most technical chart patterns with automation; Turn your manual forex system into a fully automated system in MT4; Draw any lines and transform it to become a pending order, stop loss or take profit line (adjustable) Define trading time frame for your pending order This is a simple trendline Break out tool (EA) that i've been using since Late 2009. Instructions. Add to chart, draw a trendline, label trendline " buystop1" or sellstop1, and set your tp, sl levels. Once you've done this, two more sets of lines will appear on your chart. These lines are the Trigger line and Entry Line.

[index] [4803] [1535] [18829] [23370] [29037] [10767] [23462] [19602] [1437] [17562]

TripleH 2020 Best Scalping EA New Concept Profitable Trend ...

วิธีเขียน Forex EA ง่ายๆด้วย FXPRO Quant ไม่จำเป็นต้องเขียน Code เป็นการทำ EA ได้ - Duration: 21:06 ... See & hear audible forex trading signals and alerts from the RSI Trendline Finder EA Forex trading. - Duration: 6:40. Expert4x 7,281 views. 6:40. Language: English ... This is a semi-automatic trend line trading EA for MT4. You draw the lines and it will trade and/or alert for them. They can be trend lines or horizontal lines. The EA can handle any number of ... The No.1 Forex Trend Line EA download at http://forexgeometry.com Once market price hits your trend line(s), enabled alerts will go off. Horizontal lines can also be used. Horizontal lines can also be used. Full information about this EA is available at https ... Trendline magic Expert Advisor will be launched next week. Make sure this EA meets your Forex needs - Duration: 9:42. Expert4x 1,458 views This Expert Advisor gives you the ability to set and forget a pending order using our Trend Line Fully automated technology. Not only you can preset your own Stop Loss and Take Profit but it can ... Top Forex Robot//Best Free Download // EA Download 2019 - Duration: 12:06. Fx Signalspot 20,929 views. 12:06 . HOW TO ALWAYS WIN in FOREX TRADING - Duration: 13:43. The Trading Channel 355,185 ... TripleH 2020 Best Scalping EA New Concept Profitable Trend Forex Robot / 4710 % in 2 years Concept of TripleH was created in 2017-2018 , the target is to sca... In this video we show you the BEST trend line trading strategy that NO ONE talks about. Trend lines and combining them with price action as part of your trad...

https://binary-optiontrade.quifale.gq