MA Crossover Indicator with Alert

Hi Huys,

I have an indicator which I have modified to signal me the MA crossover. The signal can be by sound alert or an email.

You can configure any type of MA, price and method.

Here is the M15 EURUSD chart with this indicator applied.

Click the image to have a better view.

Here is the sample setting screen shot.

 

You can get the indicator here.

Cheers,
Mike PS

Winning Forex Traders Vs. Losing Forex Traders

Two traders can use the same exact forex trading strategy yet one of them makes money consistently and the other loses consistently. To what can we attribute these seemingly perplexingly different outcomes? There really can be only one variable that is different if the trading strategies and everything else is exactly the same. The difference in the outcomes can be explained by the fact that a winning forex trader thinks fundamentally differently from a losing forex trader. That is to say, that the difference between winning and losing forex traders is entirely in their heads. This article will discuss how a winning trader thinks about various aspects of forex trading vs. how a losing trader thinks about them. Hopefully, you will gain some insight into what you are doing wrong and how to fix it as a result of reading this article. Enjoy!
• Realistic expectations –
Winning traders have realistic expectations about how much money they can logically make in the markets with the amount of money they have to start with and they don’t think they will get rich quick. This mentality actually helps them make more money faster because they don’t make the emotional trading mistakes that losing traders make as a result of trying to control the market by over-trading and over-leveraging their accounts.
Losing traders typically have unrealistic expectations about how much money they can make given the amount of money they are trading with. Many traders come into the forex markets thinking they can deposit $250 into their accounts and turn it into $10,000 in a few months. Having this mentality is going to naturally make you risk too much and (or) over trade, which will eventually cause you to lose money even if you get lucky for a while and hit a few big winners. Having realistic expectations about how much money you can make each month given the amount of money you have to trade with, while practicing effective forex trading money management, is a crucial component to successful forex trading.

• Managing risk –
Winning traders know how to effectively manage risk, they are comfortable with losing the money they have on the line and this allows them to trade emotionally detached. Losing traders typically begin with good intentions regarding risk management, but it all goes out the window once they hit a few losers OR winners. Winning traders know how to continue managing their risk no matter how many losers or winners they have in a row. They know that every moment in the market is unique, and essentially anything can happen at any time, this causes them to be consciously aware of the error of over-leveraging their account just because they think they stumbled onto a “sure-thing” trade. Winning forex traders never trade with money they can’t afford to lose, while losing traders often trade with money that they shouldn’t be risking in the markets, this causes them to worry about their trades and to be in a constant state of overly-emotional trading.
Losing traders by definition do not know how to manage risk effectively, they might say they are comfortable losing the money they have on the line for any given trade, but secretly they are mentally fixated on their trades and cannot stop thinking about them, sometimes even staying up all night staring at the computer screen. Losing traders react to each winning or losing trade they have by trying to control the market through the amount of money they risk or by trading too much; if they win on a trade they will typically risk more on the next trade out of euphoria or they will start over-trading because their confidence is up, when they hit a losing trade they will again jump back in the market and over-leverage or over-trade their accounts in a vain attempt to “make back” the money they just lost. So, in essence, losing traders do not have the same emotion-control mechanisms that winning traders have, or rather that they have developed, these emotion-control mechanisms are basically conscious patterns of thought that are formed out of discipline, they keep winning traders in check after each trade they win or lose, thus eliminating the emotional mentality that losing traders possess.

• Taking profits –
Winning traders take profits with a pre-defined strategy, losing traders don’t take profits, or they take small profits compared to their losers. Winning traders understand risk to reward and how it is the key to making money in the markets. A trader’s main job is to manage risk, not to take profits, profits come naturally if you understand risk to reward and how to properly maintain your poise and manage your risk on each trade. This includes not “meddling” in your trades when it is unnecessary, and taking a set-and-forget forex trading mindset. Winning traders know that you must believe in your trade, they know that you are the most objective and level-headed when you are NOT in the market, so if you plan your trades while you are flat the market there is no sense in messing with them once they are live because you won’t be thinking as clearly as you were in the planning stages.
Losing traders take small profits relative to their risk, they do this because they don’t plan their profit taking strategy prior to entry, and they also usually risk too much so they are more likely to take a premature profit or close a trade out at break-even because they are over-analyzing it from being worried about losing the amount of money they have on the line. When you take a profit that is less than what you have risked on a trade, you essentially make it very difficult to succeed because you are putting yourself in a position to be required to win on a high percentage of your trades in order to make money. Winning traders know that they only have to win about 35-50% of their trades to make money consistently because they understand risk to reward ratios and they know that taking anything less than 1 to 2 times your risk on a trade is simply counter-productive to a long-term profitable forex trading strategy.

• Trading strategies –
Winning traders know simple strategies like price action trading work best because what really separates the winners from the losers is how well they manage their emotions and remain disciplined, not having a super-complicated or fancy looking trading strategy. Therefore, winning traders know there is no sense in over-complicating one’s trading strategy when you can learn to trade with a simple and effective method like price action. Winning forex traders master the setup(s) they trade, one at a time, as a result of this they know when to trade and when not to trade. Losing traders jump the gun because they don’t master their setup(s); they switch from one strategy to the next on a never-ending futile search for the “perfect” trading strategy that will allow them to win on nearly every trade.
Winning forex traders know they must develop and implement a patient mindset with the trading strategy they use, as a result they don’t rush any trade, they let the market show them its cards, instead of trying to “out think” or control the market. Losing traders typically manifest trading setups that aren’t really there, they over-analyze the market and try to digest as many market variables as they can in a vain attempt to predict what will happen next, once they convince themselves they are right about market direction they will risk too much simply because they think they have covered all angles and they can’t possibly be wrong. Winning traders know that the market is an untamable beast and that the only variable they can consciously control is how they react to what the market offers them. Price action trading gives winning traders a high-probability entry method so that when the market shows them its hand they can take a trade setup with confidence and clarity because they have been patiently waiting instead of actively over-analyzing.

Article Source from :http://www.learntotradethemarket.com

Believe In Your Trade – Overcoming Fear

A‘Many traders become afraid to pull the trigger on a trade even when everything else in their brain is telling them the setup is sound and logical’

One of the most important lessons for you to learn early in your trading career, is that successful trading requires you to not only be able to correctly interpret a forex chart, but once you have indentified a specific trading opportunity, you must completely “believe in your trade”. This article will explore in more depth the concepts of overcoming fear and believing in your trade.

The most natural emotional attached to “believing in your trade’ is ‘overcoming fear’, and unless you can learn to overcome this fear associated with your trades, you will never make it in the world of trading. Many traders become afraid to pull the trigger on a trade even when everything else in their brain is telling them the setup is sound and logical. Many of my previous articles have covered the various greed-based trading mistakes that traders give into, like over-trading and over-leveraging one’s account. However, this article is all about greed’s ugly twin; fear, and how to overcome it, so sit back and relax as we discuss some techniques you can use to stop hesitating as you trade and why fear can be your biggest enemy in the forex market.

• Trust your gut…
You are sitting at your computer desk on a Tuesday afternoon, the New York trading session has just closed out, you see a very well-defined pin bar setup that is showing rejection of a confluent level and is also in the direction of the dominant daily trend, all signs point to this being a very high quality setup that you should take. The problem is that as you sit there staring at this setup all you can think about is how you got burned on a very similar looking pin bar 2 weeks ago, you admit that you risked a little bit too much on that last one, and you really don’t want to lose that much money again, so you decide not to enter this setup. The next morning you check the market before going to a job that you strongly dislike, you see that the pin bar has come off over 150 pips in the direction you would have entered, time for work…
Does this sound familiar? Maybe not exact, but I’ll bet a similar scenario has happened to you in the past if you have been trading for any length of time. This is a prime example of not trusting your gut when you see a high probability setup, the fact that you risked too much money on a similar setup and lost on it is influencing you to be afraid to trade whenever you see a similar setup, you naturally feel that big losing trade again, even though the odds are in your favor you give into how you “feel” from a previous trade. It is very easy to associate a current trade setup to a past setup, especially if we experienced a big loss on the past setup which elicited some very strong emotion.

The reason traders give into this fear and end up hesitating and missing good trade setups is because they are not thinking correctly about the market. Instead of simply viewing each price action setup or trade setup as another execution of their trading edge, they are viewing each setup as a “make or break” scenario, they forget that the market is a near never-ending stream of opportunities, in essence they lose their patience. If your trading edge is a pin bar setup with the trend, you must take every high-quality pin bar setup with the trend, if you start becoming fearful because you lost on one or two of them, eventually you are going to miss very lucrative setups, this is going to have a very negative impact on your trading psychology and cause a landslide of emotional trading mistakes.

• Believe in your ability…
At this point you might be asking yourself, “How exactly do I trust my gut”? Well, you have to believe in your forex trading ability, if you don’t believe in what you are doing you are aren’t going to get very far in anything in life, and this holds equally true for forex trading. This self-belief in your trading ability comes from learning an effective method like price action trading, and practicing it until you have mastered it. You have to practice your trading strategy in real-time market conditions; you cannot think that just because you can spot trade setups in hind-sight that you have a commanding knowledge of the trading strategy you are using. After you learn to recognize the opportunities and patterns that your trading strategy presents in real-time market conditions, and you successfully trade them, you will begin to develop the confidence you need to solidify belief in your trading method.

It is very important to practice your trading strategy on a demo account before trading with real money. Often what happens with beginning traders is that they start trading a solid trading strategy with real money, they risk too much, they lose on a few good setups, and as a result they become afraid of these setups in the future. When there is real money on the line it can really hammer home an emotional impact when you lose on a high-quality trade setup. The only way to master this fear is to have traded enough similar setups to the point where you actually believe that it works, and that the few you lost on were just a simple cost of trading the market; that cost is that every good strategy has losing periods. If you let this fear get to you however, it will result in you switching trading strategies, or looking for something “better”, when in reality the strategy you were using is just fine.

• Don’t hesitate…
Indecisiveness and hesitation lead to failure in just about any endeavor, just as they do in forex trading. Think about a military sniper who has his or her target in their scope, all their years of training have come down to this one scenario, are they going to start getting emotional and over-think the situation or are they going to pull the trigger and operate without hesitation? Most likely the latter, but only because they have been trained, they have had years of specialized training and they already knew what they were going to do before they did it. This is EXACTLY how you need to operate to be a successful forex trader; you need to obtain training in a specialized trading strategy that works, and then you need to pre-define all aspects of your trading before you enter the market. Militaries try to pre-define everything as much as they can before going into battle, because if they don’t they will end up operating on emotion, and you don’t want to be fighting an enemy who is operating on logic while you are operating emotion.

Trading the forex market is no different, think about it; do you think that a professional trader is going to hesitate when he or she sees a good trade setup? No, because they have been trained, and they have practiced so many times that they know what they are going to do before they do it, they don’t over-analyze anything. Keep in mind before you begin trading with real money that you are going up against other traders who understand the importance of operating on logic instead of emotion. These traders have thus eliminated fear from their trading, they know they can’t afford to hesitate, and they are counting on YOU to hesitate and be fearful or greedy. If you are looking for training in a solid trading strategy that you can practice until you build a solid foundation of self-belief that will eliminate fear from your trading, check out my price action trading strategies, I cannot promise you will become a calm and calculating trader, but I can provide you with simple and effective price action strategies which can be the foundation of a profitable forex trading career.

Article Source from :http://www.learntotradethemarket.com

Cheers,
Mike PS

Automatic Fibonacci

Hi Guys,

How are you guys doing ? Wish you guys have lots of pips. I was busy practicing my trades. Now its improving everyday. What made me improve ? guess what, its Rules, Rules, Rules. I started to follow the rules and I started to follow my rules and i started to see positive results.

I know that lots of new traders have difficult to draw a good Fibonacci. Here is a cool indicator which can help you on this. This auto Fibonacci draws on the H1 time frame based on the previous day high and low. The values may differ from the manually drawn Fibonacci but the levels are all at the same place. Try it out. I am using it and it has help me on targeting my take profit.

Click the image for a better view

You can download the indicator here

Cheers,

Mike PS

How To Improve Your Forex Trading Success in 7 Simple Steps

I just read an article about this and like you to read it too. This articles talks about the following

•Treat your trading like a business…not a casino or hobby.
•Use position sizing to manage your risk and reward effectively.
•Over-trading; a real problem for most traders and how to stop it.
•Learn a handful of simplistic price action based strategies and master them.
•Have a trading plan.
•Use printed affirmations to keep your mindset on track, put them on your office wall or computer monitor.
•Trade what you see and believe in, don’t doubt yourself or become a “hindsight trader”; meaning do not enter a trade due to regret or for no logical reason.

You can read the entire article here.

Cheers,

Mike PS

38 STEPS TO BECOMING A TRADER BY ANONYMOUS TRADER

38 STEPS TO BECOMING A TRADER BY ANONYMOUS TRADER
[As published in Commodity Futures Trading Club News and in Traders
Organization’s “Real Success Day Trading Course”]

1. We accumulate information—buying books, going to seminars, and researching.

2. We begin to trade with our “new” knowledge.

3. We consistently “donate” and then realize that we may need more knowledge or information.

4. We accumulate more information.

5. We switch the commodities we are currently following.

6. We go back into the market and trade with our “updated” knowledge.

7. We get “beat up” again and begin to lose some of our confidence. Fear starts setting in.

8. We start to listen to “outside news” and to other traders.

9. We go back into the market and continue to “donate.”

10. We switch commodities again.

11. We search for more information.

12. We go back into the market and start to see a little progress.
 
13. We get “overconfident,” and the market humbles us.

14. We start to understand that trading successfully is going to take more time and more knowledge than we anticipated. Most people will give up at this point, as they realize work is involved.

15. We get serious and start concentrating on learning a “real” methodology.

16. We trade our methodology with some success but realize that something is missing.

17. We begin to understand the need for having rules to apply our methodology.

18. We take a sabbatical from trading to develop and research our trading rules.

19. We start trading again, this time with rules, and find some success, but overall, we still hesitate when we execute.

20. We add, subtract, and modify rules as we see a need to be more proficient with our rules.

21. We feel we are very close to crossing that threshold of successful trading.

22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology.

23. We continue to trade and become more proficient with our methodology and our rules.

24. As we trade, we still have a tendency to violate our rules, and our results are still erratic.

25. We know we are close.

26. We go back and research our rules.

27. We build the confidence in our rules and go back into the market and trade.

28. Our trading results are getting better, but we are still hesitating in executing our rules.

29. We now see the importance of following our rules as we see the results of our trades when we don’t follow the rules.

30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear), and we begin to work on knowing ourselves better.

31. We continue to trade, and the market teaches us more and more about ourselves.

32. We master our methodology and our trading rules.

33. We begin to consistently make money.

34. We get a little overconfident, and the market humbles us.

35. We continue to learn our lessons.

36. We stop thinking and allow our rules to trade for us (trading becomes boring but successful), and our trading account continues to grow as we increase our contract size.

37. We are making more money than we ever dreamed possible.

38. We go on with our lives and accomplish many of the goals we had always dreamed of.

Cheers,
Mike PS

News Indicator

Here is another cool indicator to inform you about major news announcement on your MT4 platform. There are 2 alarms which can be set where by it will sound as the news is approaching near.The news calendar is extracted from ForexFactory

 Click the image to have a better view.

NOTE: you must have a indicator window below the chart window before inserting this indicator and make sure you check ALLOW DLL IMPORTS.

Download the indicator here.

Cheers,
Mike PS

Mini Chart Indicator

I find flipping charts from one time frame to another sometimes can be confusing and loose focus on the chart we are trading. Here I found an indicator which can display the other time frame actual chart onto our trading chart. You can have up to 30 different charts (different time frame and currency pair in one chart)

Click the image to have a better view.

Download the indicator and the font here.
First you have to unzip and install the font to your windows. Next copy the indicator to the MT4 expert\indicators folder.

Have fun.

Cheers,
Mike PS

MT4 Messages

Some Important MT4 messages, what is it and what to do when you get these messages.

Waiting for Update
“Waiting for Update” is a common message with a new account or when switching between a mini and a standard accounts. There is an easy solution. Go to the Market Watch window, left click and hold down the mouse key on the pair you want to see in the chart and drag that pair onto the chart that says “Waiting for Update”.  Release the mouse key and this will automatically update the chart. 

Margin Calls
 Once you drop to or below 100% margin you cannot place any more trades. At 50% you go into a Margin call and your most detrimental trade or the first FIFO compliant trade (if applicable) is closed to bring you above 50%. If the first closed trade does not bring you above 50% the server will continue to close out trades until our account come up above 50%.

Trade Context is Busy
 You receive “Trade context is busy” when you try to process two or more orders at the same time. If you have placed a trade and do not wait until it processes completely and then try to place the same trade or a different trade, the commands go into a loop and you get “Tread context is busy”. The only solution is to close down the platform and restart it.

Maximum of 1,000 live trades at any one time
 Please be advised that you cannot have more than 1,000 live and pending trades in your account at any one time. If you try to place more than 1,000 trades you will get an error message.

I can’t place, modify or close my trade.
 There can be many reasons you cannot place, modify or close your trade.  Regardless of the reason you need to contact your broker immediately.

Bid – Ask
 All Forex quotes have two parts, the BID and the ASK.
The Bid is the price at which you (as the trader) will open a sell.
The Ask is the price at which you will open a buy.
The difference between the bid and the ask price is known as the spread.

MT4 charts are bid charts
 The current price shown on an MT4 chart is the bid price. When looking at a price bar or candle, you must add the spread to the high bid price to know what the high ask price would have been, or add the spread to the low bid price to know what the low ask would have been.

If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop loss if you are taken out of the trade. For example with a stop loss of 1.4580 on the EURUSD once the chart reached 1.4578 (2 pip spread) you would be taken out of the trade at 1.4580. Your take profit would not trigger until the ask price hits.  For example with a take profit of 1.4540 on the EURUSD once the chart reached 1.4538 (2 pip spread) you would be taken out of the trade at 1.4540. These examples are based on our spread shown under normal market conditions. Our spreads are not fixed and will fluctuate with news or other high / low volume conditions. If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.

Margin
 Margin is the amount of necessary money needed to place/maintain a position.
Margin Level Percentage is calculated by taking:
Equity/Margin x 100 = Margin Level Percentage
Equity (your true Account Value) is your Balance +/- any open positions.
 In normally leveraged accounts:
•    At 100% you are not allowed to place any new trades.
•    At 50% you are subject to a margin call.
When a margin call occurs, all open positions are subject to liquidation at the prevailing market prices without prior notice to customer.

Cheers,
Mike PS

Multi Time Frame Candle Status Indicator

Hi,

This is a cool indicator if you want to know what candle is in all time frame in one go. There are 3 type's which are a Bullish candle represented by Green color, a Bearish candle represented by Red color and Doji's in Yellow color.

Here is a sample picture on how the indicators looks like on your chart. Click on the image to have a better view.

 
You can download the indicator here. Download Here.

Cheers,
Mike PS

Learn Your MT4 Platform

Are you using MT4 platform ? If Yes then here is a good tutorial videos you can go thru to get familiar with this platform.


Click here. to view the tutorial.

Cheers,
Mike PS

More Free Training Videos From CompassFX

Hi Friends,

Here is a link to free videos where you can learn how to trade better. CompassFX is promoting their own strategy called Synergy. You use your own strategy and watch the free videos where they teach you how to trade news, why when you trade EURUSD you also need GBPUSD, how set Stop Loss and so on.

I have learned and still learning from this videos, hope you would too.

Sorry almost forgot the link. Click here

Cheers,
Mike PS

Japanese Candle Stick Pattern Reference

I came across this website about Japanese Candle Stick Pattern. This website displays the pattern in a graphic manner and with simple description.

Have a look. http://www.candlesticker.com/

Learn it and trade well.

Cheers,
Mike PS

2 Line MACD Indicator

This is a custom MACD indicator which is represented by lines instead of histogram and signal line. This line MACD is clearer in showing the crossing compared to the original MACD comes default in MT4.

Here is a sample picture on how the indicators looks like on your chart. Click on the image to have a better view.

 

You can download the indicator here. Download Here 

Cheers,

Mike PS

Learn about Japanese Candle Stick

Steve Nison is the person who actually introduced Japanese Candle Stick to the West.
If you are interested to learn more about this you can download the ebook here.

Knowing the candle stick chart will help to find reversal pasterns and combined with the western indicators it can really be a big help in our trading.

Click here to view a webinar done by Steve Nison himself.

Knowledge is the foundation of being a successful trader.

Cheers,

Mike PS

Channel Indicator

My common mistake I do is always selling at support or buying at resistance. So to overcome this I have this cool indicator which draws the  channel for me. It tell me the trend and support and resistance. Now this is helping me to buy at support and sell at resistance.

Here is a sample picture on how the indicators looks like on your chart. Click on the image to have a better view.

You can download the indicator here.Download Here

Cheers,
Mike PS

Beware of Illegal Foreign Currency Trading Schemes By Bank Negara Malaysia

Yesterday I read this article on the news about Bank Negara Malaysia banning illegal foreign currency trading. I am not sure what they actually mean by that. Read it for your self.

Beware of Illegal Foreign Currency Trading Schemes

Bank Negara Malaysia would like to caution members of the public not to participate in any illegal investment or training programme on foreign currency trading offered by individuals or companies both domestic and foreign.

Members of the public are usually enticed to attend such investment or training programmes with promises of quick and good returns. The modus operandi of such programmes have included:

• Offering free training, seminars or workshops to lure investors, prior to inviting investors to set-up an online foreign currency trading account with a principal company (purported to have valid licence to trade foreign currency overseas);
• Providing convenient access to the principal company's website and trading facilities to facilitate online foreign currency trading by investors;
• Recruitment of fresh graduates as marketing executives and encouraging them to get their family and friends to trade foreign currency; and
• Requiring investors to deposit an amount of money into a bank account to begin trading foreign currency, and subsequently, requesting for a top up on their initial investment ("margin call") to avoid losing their capital.

Under the Exchange Control Act 1953 (ECA), it is an offence for a person in Malaysia to buy or sell foreign currency or do any act which involves, is in association with, or is preparatory to, buying or selling of foreign currency with any person, other than an authorised dealer. It is also an offence for a person to aid or abet another person to buy or sell foreign currency with any person, unless the person is an authorised dealer.
The list of authorised dealers and financial institutions permitted by the Controller of Foreign Exchange to buy or sell foreign currency can be obtained from Bank Negara Malaysia's website (http://www.bnm.gov.my).

Some response from other people I found on the web.

http://www.koonlip.com/2010/01/bank-negara-malaysia-notice-to-forex-trading/

http://www.forexfactory.com/showpost.php?p=3342449&postcount=21947

http://biz.thestar.com.my/news/story.asp?file=/2010/1/9/business/5432021&sec=business





FxSolution is a NFA (National Future Association US)

You can read the Regulation and the  NFA Certification here.

IG Markets is a FSA (Financial Services Authority UK)

You can read the Regulation here.

Regards,

Mike PS

How to Insert a Custom Indicator to Metatrader Platform

Custom indicator is an indicator which has been customized by a programmer for a certain task. How to know which one is an indicator file ? Well an custom indicator file has an extension of .ex4 or .mq4. What is the difference between these to file extension? .ex4 is a compiled version means you can only use it you can't change it but the .mq4 is the source code there for you can change it by using the MQL programming language.

Now how to insert this custom indicator into our Metatrader Chart ?

Step1
First you must have a custom indicator file with you. For this example I will use FiboPiv_v2.ex4 as the custom indicator.

Step2
Close your Metatrader Platform.

Step3
Copy the custom indicator into this folder (I am using Alpari metatrader)
C:\Program Files\MetaTrader - Alpari UK\experts\indicators

Step4
Open your Metatrader

a) Open a chart
b) From the Menu, select INSERT -> INDICATORS -> CUSTOM and select the new custom indicator you just copied. For this example it was FiboPiv_v2

c) Upon selecting the indicator you will get a small window, just click OK.

 d) Now you should have the new custom indicator on your chart.

I hope this has given you some idea how to insert an custom indicator into your Metatrader Platform.

Good Luck.

Cheers,

Mike PS

How to Change The Forex Factory Time to Your PC Time ?

Why must I change the Forex Factory time to be same as my PC time ? So that We don't have to keep manually calculating the time difference. Eg. If US Time now is 10AM then our local (Malaysian) time will be 10PM or 11PM (if Day light saving).

By changing the Forex Factory time to our local time, we need not do any conversion. All the news will be stated as our local time.

Step1

Open your browser and go to this URL
www.forexfactory.com

Step2
Click the Clock as shown in this picture below. The clock has been circled.

Step3

Synchronized Time should show the same time as your PC after you do the setting below.

a) If your region  observes day light saving the set it as DST on or like in Malaysia set it to DST off

b) Select you time zone. For Malaysia select GMT +8.00 Beijing, Perth, Singapore, Hong Kong

c) Select the Time format to display. am/pm or 24H (leave it as default)

d) Select Start of week (leave it as default)

e) IMPORTANT: Click SAVE CHANGES
 

After saving your Synchronized Time will show the same time as your PC time.

If its correct then give a pat on your back and say good job.

Cheers,
Mike PS

Clock Indicator

When I trade hourly time frame, I like to know when the next candle will be appearing. The problem is I don't know as there is no indicator to inform me that. If I have one then I can set my alarm clock on my PC and do other things. Well now there is. This indicator will display the no of minutes for the next candle to appear.

Here is a sample picture on how the indicators looks like on your chart. Click on the image to have a better view.

You can download the indicator here. Download Here

Cheers,

Mike PS

Trendbar Indicator

Here is a cool indicator I use in my chart. Its called the TrendBar indicator. It gives a color coded signal on the trends on all time frame for that particular currency pair. Green for Up Trend, Red for Down Trend and Yellow for Sideways. These gives me a summary of what is the trend on other time frames at one go.

Here is a sample picture on how the indicators looks like on your chart. Click on the image to have a better view.

You can download the indicator here. Download Here

Cheers,
Mike PS

Daily Pivot Point Indicator

This is a daily pivot point indicator. Once you have this on your chart, the pivot point support and resistance lines will be drawn for you automatically. No more required to calculate manually and drawing it.

Here is a sample picture on how the indicators looks like on your chart. Click on the image to have a better view.

Well nice indicator, where can I get it ?. I know that you are going to ask me that so I have included a link below for you to download it here. Download Here

Enjoy and happy pipping.

Cheers,
Mike PS