Pro Trading By MetaCoder

On this thread I would share my market analysis and trades with ya'll

My Trades for today. I would be posting my Next trades recommendation probably within 3-4 hours from Now. Stops on all my trades is 11pips.


Now new Traders can watch and learn.

The Bollinger band is a very powerful indicator if used properly. Question is can you use this powerful indicator to make mind blowing profits from forex like I do on a daily basis?

In my next post I'll demostrate how you can spot price reversal patterns effectively.

waiting to learn

How to Spot a Bullish Reversal:

- Wait for price to touch lower Bollinger band + make new low on Bar.

- Candle must be a Bull at close ie Candle must close above its Open

- Candle Close must be below 18 Moving average

***Go long on next Bar

- Place stop at low of previous Bar

- Target is the difference b/w open and close of the previous Bar

Now Open up your chart and Try to spot as many Bullish reversals as you can.


*****TimeFrame is 5 Mins

Do you know that Four consecutive Bull Candles might be a sign of an Upward trend?

Four consecutive bears might be signs of a Downward Trend as well.

In Summary, The 4 consecutive Bar method is very useful for trend direction confirmation especially for those Traders who look to ride trends.

See below Images








****Questions and comments are welcomed.

hi,

do you own a EA ?

   amag80 posted:
   hi,

do you own a EA ?

 I own several EAs

Money Management is the only Secret There is in the Forex Market ...

There is no such thing as a 'Bad Market', IMO only thing There is are 'Bad Strategies', cos while you struggle to make little profits in a period you think as Bad, Someone Somewhere makes it big.

Secret is the Technique/Strategy applied.




**Your Techniques/Strategies should change when the market appears to be going out of sync and your system turns obsolete. Of course this might require some little experience and hardwork.


Simply Put 'Dynamism is the Key to Making it Big and Lasting a Long while at the same time'


My week was fantastic, hope it was for ya'll as well .... Cheers everyone.
  

nice rules..with bands ...

nice rules..with bands

seems you are a coder and have some systems that works for you. did you code any of them and see how the BT results?

   MetaCoder posted:
   

   amag80 posted:
   hi,

do you own a EA ?

 I own several EAs

Your pretty much correct. I however manage a greater pool of my funds over Java platforms, they are much more faster than MetaTrader

   walker36 posted:
   seems you are a coder and have some systems that works for you. did you code any of them and see how the BT results?

   MetaCoder posted:
   

   amag80 posted:
   hi,

do you own a EA ?

 I own several EAs

java is faster agree. but I have asked if you have any EA coded and BT ed with eg BB system? I am not asking to get a copy if you have. just asking if you have a Past performance test results.

   MetaCoder posted:
   Your pretty much correct. I however manage a greater pool of my funds over Java platforms, they are much more faster than MetaTrader

   walker36 posted:
   seems you are a coder and have some systems that works for you. did you code any of them and see how the BT results?

   MetaCoder posted:
   

   amag80 posted:
   hi,

do you own a EA ?

 I own several EAs

Yes, the Bollinger band system along with my numerous other strategies have been coded and backtested as well

   walker36 posted:
   java is faster agree. but I have asked if you have any EA coded and BT ed with eg BB system? I am not asking to get a copy if you have. just asking if you have a Past performance test results.

   MetaCoder posted:
   Your pretty much correct. I however manage a greater pool of my funds over Java platforms, they are much more faster than MetaTrader

   walker36 posted:
   seems you are a coder and have some systems that works for you. did you code any of them and see how the BT results?

   MetaCoder posted:
   

   amag80 posted:
   hi,

do you own a EA ?

 I own several EAs