FREE FOREX INDICATORS,ROBOTS,TECHNIQUES

When To Trade??

noreply@blogger.com (hasif) — Wed, 2 Sep 2009 08:26:00 +0800

Theory: When To Trade?

The question quite often comes up about when are the best times to trade? Everyone has their own ideas on what they think is the best time to trade, and quite often it depends on what type of system you are using. If you run a system that looks for trends, the best time for you would be different for a system looking for breakouts.

Rather than get into all that however (again just google "best forex trading times" for plenty of info on that) let's look at the best times to trade based on your experience instead.

A beginner, I would think, would be someone new to the forex markets, someone who has yet to fully develop their trading system, or, if they have, find it hard to maintain the discipline to stick to it no matter what. Some things that might identify a beginner trade could be:

Unaware of stop losses
Unsure of trend identification
Looking at one timeframe only (probably the 5M or 15M)
Quick to jump into a trade, slow to get out
Hazy on when to exit a profitable trade

Please don't think I am talking down to anyone, as some of the above applies to us all at times but these are things that I see encapsulate beginnner traders.

With those points in mind, the safest trading time would be one where:

The chances of big losses are low
You have time to think you trades through
There are some defineable trends to help you out in getting on the right side of the trade
Sharp, quick movements in the opposite direction to your trade aren't common

The markets can move so quickly, and any trade placed without a stop loss, is open to a sharp reversal and a big loss. Head out for a cup of tea, come back and your +10 could now be -50 by the time the kettle has boiled.

So when is the best time to trade based on the above? Well lets look it another way, what are the times where the above points are not met. My opinion? The opening of the different markets! There are three major markets to look out for, the Asian market, the European market and the US market. The opening and closing of these markets are often the most volatile, with sharp movements up and down with no apparent order quite often seen and many a beginner trader crying foul over a sharp reversal on their trade they have just been watching for the last hour.

Look at the above chart, this is a 15M chart from late last week of the EUR/USD. I have highlighted two areas, which is the opening of the European and US markets. Notice, how just before the opening of the price was slowly trending in one direction, but then, as the respective markets opened a sharp reversal sprung up in the opposite direction, taking with it many peoples profits I am sure, and spoiling many a traders tea. You find this espectially on the opening of Europe.

The best times for quiet, trending activity tends to be in the middle third of the trading sessions, the middle of the Asian session is a less volatile time, but can be too quiet for some. Approaching the opening of the European sessions, activity tends to pick up, but remember, be careful come opening time. I prefer the mid European session, but rarely get to trade it due to the time differences here in Australia, the mid US session can also be good but usually I am so buggered by that time, my decision making is shocking.

So pick what you prefer, if you are in it for a fast buck and don't care about making it a possible career, then opening and closing times can be right up your ally, but if you want to test out a system you are developing, look at the mid session times that suit you. Remember though news releases and data can effect everything, so always keep an eye out on the news anytime you trade.

Remember, this is not necessarily the most profitable time to trade in terms of pip movement, but while you are picking things up, minimising the chance of your account being wiped out is always a good idea.

I hope this helps someone, you can get the current times in the different areas by using this great little forex clock here. For my fellow countryfolk in Australia, below are the opening and closing times in AEST (thanks to aaron on Marketiva for these):

[AUS open 8:00am close 4:00pm]
[JYP open 10:00am close 6:00pm]
[EUR open 4:00pm close 12:00am]
[GBP open 5:00pm close 1:00am]
[USD open 10:00pm close 6:00am]

Ill leave it with a quote I read somewhere:

"Ametuers open the markets, professionals close them"

Free Indicators For Download

noreply@blogger.com (hasif) — Sat, 8 Aug 2009 05:33:00 +0800

Hello all the forex metatrader users,,just want to share with you..i have found new website,,there you will be able to download all indicators for free! have fun,,..thank you..any problem or inquiry,can contact or drop comments here.

www.xeatrade.com website provides free metatrader indicators, experts and scripts for free so please download that indicators and enjoy.

Free Robot (Expert Advisor) FRED Advisor

noreply@blogger.com (hasif) — Sat, 31 Jan 2009 14:54:00 +0800

Automatic Trading Expert Advisor F.R.ED full test version realeased!
This should be apply ---->EURUSD 30 min chart

Important Instructions: After you have set it up (how to attach is quick simple;those who dont know can post comment), wait for trades to be placed. Depend on current market conditions, you could see trades placed within the hours after you set up the system. Normally, you should see trades placed between 24-36 hours,

FRED will open trade a few times a week when its internal indicator find the proper market conditions to open trades.

FRED will not open so many trades or trade every single day. The goal embark in this system is to make profit, not to make many trades.

Usually FRED open 2-15 trades a week ! No trades will be performed during the weekend so there is no need to turn the EA off, it will sleep and continue to trade as soon as the market is opened again.

Lot size and Risk : For every 0.1 lot size of the EU your account will use approx $70. So I recommend you to use these lot size setting for different account sizes as below:

Account balance

$500-999: 0.1 lot size
$1000 - 5000 : 0.5 - 1 lot size
$5000 - 10000 : 1 - 5 lot size

Disclaimer : This is full test version only. Use it at your legal-own-risk. For legal authentication please visit original website !

Link download

ECONOMIC CALENDAR IS VERY USEFULL!!

noreply@blogger.com (hasif) — Thu, 18 Dec 2008 01:15:00 +0800

Economic Calendars For Forex Traders

Links to good economic calendars for the forex market.

It is best to compare the figures on a few calendars as substantial differences can occur in consensus.

Daily FX Economic Calendar

Forex News

Today FX

Forex Factory

The London Forex Blog

You need technical analysis and fundamentals to trade currencies profitably.There is a need to understand the basics of economics so you can think for yourself and learn who the market participants are and which reports and statements drive the market.

It is important to know exactly when these announcements will be made so you can take advantage of the big moves that follow or avoid losing through a sudden surprise reaction.Economic calendars show in advance what time the economic data release will take place.Before a trade is taken, we look at an economic calendar for opportunities and threats.

If traders are expecting an interest rate to rise and it does,there usually will not be much of a movement because the information will already have been discounted by the market.However, if the interest rate does not rise as expected, then the market may react violently.

IN10TION NewsReader v09.84

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 13:30:00 +0800

Auto updates: every 30 minutes! When there is news it will update every 30 seconds till it retrieves the news actual value. Very easy rite??

DOWNLOAD

MT4 DASHBOARD

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 13:28:00 +0800

DOWNLOAD

SPUTNIK SYSTEM

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 13:26:00 +0800

DOWNLOAD

GOLD MINOR EASY INDICATOR!

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 13:25:00 +0800

Once you set up the goldminer1 & goldminer2 like above on the 1 hour chart or above you are looking for the signals which are as follows :

RED + PURPLE ARROW = SELL
BLUE + YELLOW ARROW = BUY

How you exit will be determined by which timeframe you are using, I suggest using the same TP and SL i.e 30 pips TP 30 pips SL

Goldminer1 Goldminer2 Link download

FUN INDICATOR

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 13:22:00 +0800

DOWNLOAD INDICATOR

TRO METERS

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 13:18:00 +0800

DOWNLOAD INDICATOR

GOLD SYSTEM

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 12:34:00 +0800

Conditions for opening Trade:

For Buy

1. price above buy zone fib, blue rsi chart bar

2. William's percent range indicator gold line entering or inside blue area
above -25.00

3. RSIOMA clearly crossed up

For Sell

1. Price below sell zone fib, red rsi chart bar

2. William's Percent Range Indicator gold line entering or inside red area
below -75.00

3. RSIOMA clerly crossed down

Exceptions for opening a Trade when above conditions are met:

1. When a bar within the last 4 hours before 9am EST (1400 GMT) is extended 1000 points or more in the same direction the conditions indicate. In this case it is my experience that there is a great pobablility that even with all the trade conditions met, by 9am EST (1400 GMT) the selling or buying would have been temporarily exhuasted because of this extended candle and this trading method is dependent upon this time.

Conditions for closing Trade:

Safest

1. When price hits next pivot point line in direction of trade.

Moderately Safe

1. When the RSIOMA blue line touches the purple line again attempting to cross in the opposite direction of trade or a red or blue dot shows on the RSIOMA indicator in the opposite direction of the trade - whichever comes first.
Attached Files

DOWNLOAD INDICATOR

SIMPLE INDI

noreply@blogger.com (hasif) — Sun, 14 Dec 2008 12:23:00 +0800

THIS INDICATOR SIMPLE AND EASY TO USE AND ALSO PROFITABLE

It's simple
--------How do I use this system--------take a look at the TF D1; H4; H1; M30; to see the TREND,
and use 3 TF ( M1;M5;M15 ) – M5 as a main TF.
main indicator in this system is T3MA
T3MA 5; 7; 9; 11; 13 ( blue ) – confirmation area that the direction will change or not – also used as exit area.
T3MA 15; 17; 19 ( green ) – OP trade area.
T3MA 21; 23; 25; 27; 29 ( red ) – barrier area also used as a trend.

OP trade ( buy ) if clear closed candle in green area in TF M5 – also check in TF M1 that the candle ( price ) is go UP ready.
OP trade ( sell ) if clear closed candle in green area in TF M5 – also check in TF M1 that the candle ( price ) is go DOWN ready.

-----Or-----
OP trade ( buy / sell ) if T3MA 5 cross T3MA 13
SL if the clear closed candle cross back on T3MA 13
Exit if T3MA 5 cross T3MA 9

DOWNLOAD INDICATOR

Vynner Swing Technique

noreply@blogger.com (hasif) — Sat, 13 Dec 2008 18:29:00 +0800

This is another 4H technique i used before I’ve found my own swing technique. This technique and tlatomi trading method had gave valuable contribution to the development of my own swing technique.

I take “Vynner” from the name of the person who originally created and published this technique. Since June 2006 it gives 250 pips a month in average. Since this is a swing technique, it will only give one or two trade a month.

What interesting me at the first time i read this technique was that it use 50 pips stop. While each trade potentially gives more than 100 pips profit. What a good risk-reward ratio.

Below are Vynner Swing Technique details:

Things you need:
1) Daily Chart on GBP/USD
2) 4 hours Chart on GBP/USD
3) Slow Stochatics (13,5,5) on both charts
4) EMA 4, EMA13, EMA50 on the 4 hours chart

Look at 4 hours chart
Entry:
When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips.
Exit :
When EMA4 reverse and cross the EMA13 on the next open candle.

For Filter look at Daily chart
Valid Long Entry:
Slow %K above Slow %D on the Daily Chart
Valid Short Entry:
Slow %D above Slow %K on the Daily Chart

This technique work best on GBP/USD.

Below picture showing valid Long Entry

Below picture showing valid Short Entry

Forex Basic

noreply@blogger.com (hasif) — Sat, 13 Dec 2008 18:03:00 +0800

One of the most important strategies in trading with foreign currencies is to always place your Stop-Loss Order when you start trading. This type of order minimizes your risk and exposure. It is usually set at a rate a little lower than the current rate.

You should also know how to take Profit orders using the One Cancels Other Order (OCO). This is like a sidebar on your trading order wherein in case one part of your order is cancelled, the other order is implemented. It is an order that works hand in hand with the Stop-Loss Order, and is based not on a whim but on technical data analysis.

As a beginner, you should also delve into the Positive Risk/Reward Ratio. This is a figure you should establish prior to trading any currency. What it does is establish controls on what you are ready to lose against what you expect to gain.

Ultimately, any success you will have with Forex trading online will rely heavily on your patience. Although it is possible to make a quick buck with online Forex trading, you cannot rely on a hit and miss method. Learning the intricacies of the business and keeping your research updated is a better strategy than relying on hunches. Online Forex trading can only be profitable in the long term if you exercise discipline and perseverance. Learn the basics and keep studying it. The work never ends and just like any other business that endures, your knowledge will be the backbone of your business. it is a dynamic business, almost totally dependent on world trends and news.