The link below is where I got the indicator and also a thread that talks all about it. Install MT4 Indicators Installing Metatrader Indicators is quick and easy and you can have your trading system up and running in a matter of minutes. Recover A Deleted Chart Don't worry all is not lost. You can download the PDF file for this system at the below link. Let me know if you have any other questions.
ICWR Strategy and AutoTrader
Think about price action as well. MT4 Trading Guide The MT4 trading platform is a very simple trading platform which has brought financial trading in to peoples home across the world. Whilst predominantly for forex fx trading the popularity of the platform has allowed for expansion into other financial markets such as commodities and futures. Below is simple guide to using your MT4 Platorm.
Install MT4 Indicators Installing Metatrader Indicators is quick and easy and you can have your trading system up and running in a matter of minutes.
Install Multiple Servers Mutliple MT4 Servers allow you to choose which broker can provide your platform data and which provider you would like to trade through all without having to have multiple platforms installed. Create Indicators Custom indicators are the ultimate benefit of trading vis MT4 platforms. You can create indicators that are completely custom to your needs. Add An Expert Advisor Expert Advisors allow you totrade your systems automatically allowing you time to research and create new trading methods.
Recover A Deleted Chart Don't worry all is not lost. If your platform is set up correctly lost charts will be a thing of the past. Latest Popular Comments Tags. TradeMiner Review June 6, Top 5 Pages May 7, Forex Trade Miner Test April 23, Is it time to switch to MT5 yet? Com Trial Review 54 Comments. Adding indicators to Metatrader 4 28 Comments. Dax Mechanical Trading System 20 Comments. I've been using a little bit and it seems to be a decent strategy so far.
I haven't completed any backtesting though and have only been using the strategy on a test account. My questions to those users of the system if there any. When do I re-draw the fibonacci levels for a new wave?
If I'm in a trade and the trade went up 40 pips but then is back in my active waves retracement zone and I then draw the new active wave, the signals would tell me to close the trade then because the current price will be below the 0. But in my active wave that I used to enter the trade, the trade would still be in good condition because it is still just in the retracement zone. I enter a long trade on an upward wave, it goes up 30 pips, then retraces back to retracement zone.
Then the trade goes back through the 0. Is this another signal to add to my position? I hope this is clear. Thanks for the help. Join Date Oct Posts 1. In terms of your questions: If the trade went up 40 pips, that is now your active wave and you totally forget about the wave that got you into the trade.