The Forex Trading Strategy

Shooting Start

2010-02-21T20:20:00.000-08:00

Shooting star pattern is a candlestick shape similar to the hammer, but the picture upside down, a long tail on the body below.

This pattern is usually formed on the up trend movement is going on and reflects the increase in value of market prices, but traders pushed the price the seller turned down.

Shooting star pattern is also an early reversal signals a strong trend, a trend of moving up, and just as comfortable hanging, shooting star patterns also require subsequent confirmation candle before we intend to release our position

Hanging Man

2010-02-20T17:11:00.000-08:00

While Candlestick with the same shape but located at the top of the upward movement in the trand called a Hanging Man pattern, shaped like a man hanging himself.

hanging man pattern also provides a trend reversal signal strong (reversal) of a rising trend.
Hanging man formation patterns indicate that the possibility of moving up a trend has reached its peak, and the strength of the buyer traders began to decrease.

Have Nice day !! N' gOOd lUCK ! :)

Example EA

2010-02-20T16:54:00.000-08:00

The first discussion, is the EA (the EA, we will discuss the new custom indicators and scripts).

To start making EA, after the entry MetaEditor, select File -> New -> select Expert Advisor, then enter the Copyright and Link

then you will get a codelike this:

//+------------------------------------------------------------------+

//|                                                    ContohEA2.mq4 |

//|                                      Copyright © 2008, Forexindo |

//|                                         http://www.forexindo.com |

//+------------------------------------------------------------------+

#property copyright "Copyright © 2008, Forexindo"

#property link      "http://www.forexindo.com"



//+------------------------------------------------------------------+

//| expert initialization function                                   |

//+------------------------------------------------------------------+

int init()

{

//----



//----

return(0);

}

//+------------------------------------------------------------------+

//| expert deinitialization function                                 |

//+------------------------------------------------------------------+

int deinit()

{

//----



//----

return(0);

}

//+------------------------------------------------------------------+

//| expert start function                                            |

//+------------------------------------------------------------------+

int start()

{

//----



//----

return(0);

}

//+------------------------------------------------------------------+

A little explanation,

that in the init () run 1x when EA first time in drag to a chart
which in deinit () run in 1x when EA remove from the chart, or chart is closed
that in the start () is run every tick (each a new price)

just look at EA's super-simple following:

//+------------------------------------------------------------------+

//|                                                    ContohEA1.mq4 |

//|                                      Copyright © 2008, Forexindo |

//|                                         http://www.forexindo.com |

//+------------------------------------------------------------------+

#property copyright "Copyright © 2008, Forexindo"

#property link      "http://www.forexindo.com"



extern double Lots=0.1;

extern int StopLoss=100;

extern int TakeProfit=150;

extern string txComment="Order EA1";

extern int MagicNumber=12345;

extern int Slippage=5;





//+------------------------------------------------------------------+

//| expert initialization function                                   |

//+------------------------------------------------------------------+

int init()

{

//----



//----

return(0);

}

//+------------------------------------------------------------------+

//| expert deinitialization function                                 |

//+------------------------------------------------------------------+

int deinit()

{

//----



//----

return(0);

}

//+------------------------------------------------------------------+

//| expert start function                                            |

//+------------------------------------------------------------------+

int start()

{

//----

  if (OrdersTotal()==0)

  {

     if (iClose(Symbol(),0,1) > iMA(Symbol(),0,10,0,MODE_EMA,PRICE_CLOSE,1) )

     {

        OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,Ask-StopLoss*Point,Ask+TakeProfit*Point,txComment,MagicNumber);

     }

     else if (iClose(Symbol(),0,1) <>

The logic of this EA, about (eg EA GBPUSD chart placed in 1 Hour), If no position, if the candle hours ago close above EMA 10, then buy, if the candle hours ago close below EMA 10, then sell.

something like this is ...... buy on the open candle that I love the arrow (for previous candle closed above EMA) at 1.7366, and close at 1.7516 (150 pips TP) ...

um, I forgot to count the spread should be able to buy it at the price of 1.7369 and was at 1.7519 TP
yes but the point about it is

let us examine one by one part of it ..... explanation on this topic briefly wrote ... details will be explained in each section.

extern double Lots=0.1;

extern int StopLoss=100;

extern int TakeProfit=150;

extern string txComment="Order EA1";

extern int MagicNumber=12345;

extern int Slippage=5;

quite clearly yes
extern variable point so that it can be changed by end users who do not have access to the source code EA.

if (OrdersTotal()==0)

If all order = 0, which means the command below it (didalem ()) will be executed if there is no order at all.
which is considered good order is an open position (buy / sell) or a pending order.

if (iClose(Symbol(),0,1) > iMA(Symbol(),0,10,0,MODE_EMA,PRICE_CLOSE,1) )

iClose () is a function to retrieve the candle close price (details will be explained in another section)
in this syntax, meaning he take close price of the pair in which the attach EA, 1 candle before now.

OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,Ask-StopLoss*Point,Ask+TakeProfit*Point,txComment,MagicNumber);

IMA () was created to take the value of moving averages, which in this syntax brarti EMA period of 10 diitung close price, 1 hour before now (same time let ya candles are compared)

OrderSend () is used to make order, will be described elsewhere, including the use of his catch errors that did not happen tragedy bergiga2 log file size

else if and which are the same underneath, his marks aja cuman reversed ..

.........

simple right? .. so simple, it is EA is also very simple. managementnya no money, no stop trailling her, ga There was an error catcher etc.

but yes it was the simplest EA, later in the next part be explained in more detail about fucntion itself.

Introduction MQL 4

2010-02-20T16:51:00.000-08:00

MQL4 programming language which is found on the MetaTrader 4 platform. MQL4 is commonly used to create Expert Advisor (EA), Custom Indicators and Scripts.

Expert Advisor / EA, as we already know, is a program to automate your trades based on certain logika2 and paramater2.

Custom Indicators, almost the same as EA, just can not do trades. And can use function2 indicator.

Script, just like EA, only done 1x only when the script is run.

To create a program / script with MQL 4, how pretty easy, just run MetaEditor.

This MQL4 its structure and syntax similar to C / C + +. So if you've habit with C / C + +, should ga would have difficulty making the MQL4 program. The difficulty may debugging ..

More continued, MQL4 can interconnect files. This allows programming of more complex and complicated, and of course, it is possible to infiltrated the spyware / virus by EA makers (especially the use, and many other).

Candlestick Dictionary Hammer

2010-02-19T16:28:00.000-08:00

Hammer / Umbrela

Hammer pattern is formed with its closing price values formation, is above the opening price or a value far above its low price, there is usually a long tail of under candlesticknya body and tail lengths on average 2 times longer than body candlenya.

Hammer pattern is usually formed at the base of downtrends movement is happening, this pattern reflects the decrease in the strength of sales traders who want to suppress the market prices, while traders turned to encourage the buyer to price the value of the value until the closing price on the value of the opening price or distance above the lowest price.

Free Merchandise & Workshop in Booth FX-OPEN, FOREX EXPO, 19-20 Feb 2010

2010-02-19T15:36:00.000-08:00

How:
1. Open an account at FX-OPEN.
Why should sign up now? To maintain your privacy, order & the smooth running of the event you should register first before coming to the exhibition. You live there mentioned the username / no. account. Make sure you fill out your full name as ID cards to expedite the verification process.

2. Registration http://forexexpo.com/city/jakarta
You must register first before entering the exhibit area.

3. Visit Booth OPEN FX-J16, J17, J13.

FX-OPEN is the Official Partner of Indonesia Forex Expo 2010.

Exhibition Schedule:

Friday, February 19, 2010
08.00 am - Equipment Installation; booths decoration
11:00 am - Official opening ceremony for the exhibition "INDONESIA
FOREX FORUM 2010 "
11:00 am - 06.00 pm - Exhibition "FOREX FORUM INDONESIA 2010"
12:00 am - 05.00 pm - All-prize Lotteries for Attendees
12:00 am - 05.00 pm - FREE Educational Workshops & Seminars

Saturday, February 20, 2010
10:00 am - 05.00 pm - Exhibition "FOREX FORUM INDONESIA 2010"
12:00 am - 04.00 pm - All-prize Lotteries for Attendees
12:00 am - 05.00 pm - FREE Educational Workshops & Seminars
05.00 pm - 11.00 pm - Equipment Removal; Exhibition Disassembly

Friday, Feb. 19th, 2010.
Company: FXOpen.
Speaker: Sheriff Saad.
Topic: Skills you need to be a trader.
17:00-17:45.

Saturday, Feb. 20th, 2010.
Company: FXOpen.
Speaker: Sheriff Saad.
Topic: "Catch a trend". Importance of technical analysis.
14:40-15:25.

See U at The Trading Floor ..............

Message;
Bring as many people as you want.

Media support

[INFO] The First International INDONESIA FOREX FORUM 2010

2010-02-19T15:35:00.000-08:00

Date: February 19-20, 2010
Place: BALAI SIDNAG JAKARTA CONVENTION CENTER
Address: JL. Jend. Gatot Subroto, Jakarta 10270 PO BOX 4916 JKT 10049, Indonesia
Organizer: FINEXPO.org - is the producer of international exhibitions,
forums and conferences in worldwide.

Nowadays Indonesia is an export-import country which attracts worldwide companies for investing. Meanwhile Forex becoming more popular between Indonesians and lots of locals have already started playing of Forex.

INDONESIA FOREX FORUM provides each visitor with the opportunity for meeting leading local and worldwide brokers, other local people who are interested in Forex Trading. In the frame work of the FORUM there will be educational workshops where attendees would be able to discuss trading Forex professionally and exchange ideas about strategy, the psychology of trading with the professional speakers.

INDONESIA FOREX FORUM delivers a unique and focused program including workshops, company presentations, seminars that attracts senior delegates and prestigious speakers; Among the participants are brokerages and investing companies, banks, exchanges, software developers, data vendors, education courses, information agencies, publishing houses, magazines and newspapers of financial industry.

Visitors would be able to visit educational workshops at the Kakatua room, participate at the all-prize lottery and discover new on FOREX.

We look forward it our event in Jakarta

Exhibition entrance is absolutely FREE

Cornflower

2010-02-19T15:28:00.000-08:00

Cornflower

Setting:
EMA 72
EMA 24
EMA 12
EMA 8

Entry buy:
When EMA EMA 8 and 12 cut into the top 24 Ema, where all three were in the 72 EMA.

Entry sell:
When EMA EMA 8 and 12 EMA cut down 24, where all three were under 72 EMA.

Exit:
When EMA Ema 8 and 12 cut the EMA 24.

Note:
Do not buy if below the 24 EMA 72 EMA.
Do not sell when the 24 EMA on the 72 EMA.

eg. More Example