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 Indicators For Download
ECONOMIC CALENDAR IS VERY USEFULL!!
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
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??
GOLD MINOR EASY INDICATOR!
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
GOLD SYSTEM
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
SIMPLE INDI
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
Forex Basic
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.
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