RJo

This thread is a good blast from the past. I needed some extra levels to show, so I added them. Code is attached as a text file. TS_Reg_Chan_Extra_Levels.txt

I never claimed to be an SEO expert, but my MS Edge browser is showing TL's url as unsecure. For me, it doesn't affect use of this site but doesn't it reduce web traffic?

Update to the above Post... Re-optimize your strategy periodically (as appropriate for your strategy's given trading frequency) to make sure that you're always applying the strategy in the most profitable manner as it continues to trade, e.g., re-optimize weekly, monthly, yearly, etc.

This may be the toughest way forward, but it may lead to the biggest reward... Reduce your trading plan to automated code. My process goes something like this: Choose an instrument, e.g., MES futures, GBPJPY, etc. Determine the best chart structure (by eyeballing the price runs) for that instrument, e.g., 10 tick Renko bars, 10,000 trades volume bars, 12 minute time bars, etc. (I formerly auto-traded naked 55 pip Renko bars 24/5 on the GBPJPY at IG brokers... 2 reverse bars in the same direction = in, and 1 opposite reverse bar = out. It traded standard lots well enough that they terminated my live account. The nice thing about Renko bars is that you can simply count the bars in each run and take notes using pen and paper, and then multiply one bar's cash value by each win/loss bar count--minus spread, and +/- swap.) Determine whether indicators are needed to improve identification of the price runs, e.g., linear regression lines, a 13 x 50 period EMA cross, etc. (It doesn't have to be perfect. Even if the strategy appears to be a breakeven or a slight loser, it might be worth further refinement. See step #5.) Reduce your strategy to code. IMHO, the easiest languages to code are probably EasyLanguage, Pine script, and MQL4 (in that order). MQL5 isn't too tough if you're already an advanced MQL4 coder. Backtest and auto-optimize the strategy that you've coded, across its inputs/settings, the chart structure/timeframe to which it's applied, and/or other instruments. (An unprofitable strategy applied in one manner can be profitable when applied in a different manner within the greater universe of your trading platform.) Depending on your given platform, commissions, swap, and/or spreads may or may not be included in backtests. Demo test your automated strategy, forward. Again, commissions, swap, and/or spreads may or may not be included. If your results are undeniably profitable (taking into account the differences between demo versus live trading), go live.

Update to the above Post... TradeStation appears to support OTC forex CFD's outside of the US. To the extent that CFD's are not cleared in the interbank (prime) forex market, CFD's are arguably not forex instruments.

For forex, MT5. It's exponentially faster (including trade execution) than MT4. As a caveat, MQL4 is a simple skeletal version of C while MQL5 is really more like C++ (object-oriented programming) which is tough to learn. MT5 also natively supports Python which can bridge to API's. Neither natively support direct connection to centralized exchanges. For futures, TradeStation. Connects directly to the CME. Supports options and ETF's as well. Its EasyLanguage is for the most part, plain English language. The built-in strategy optimizer is obscenely detailed and fast too. Supports forex futures, but not OTC forex.

Hello, everyone. I'm here to reintroduce myself. My last post was in 2012, so thank you to TL for preserving my login credentials. Although I have decades of forex Metatrader experience, I recently moved on to futures with TradeStation and found that its EasyLanguage is indeed much easier than MQL4 and MQL5. This is the best forum for futures, so I'm back! My automated trading leaves me with free time, so I'll be browsing this forum in an effort to help others. Happy trading.

You're welcome, E.W. At the risk of oversimplifying the issue... The easiest interface(s) will allow you to do minimal coding or avoid it altogether. This is generally achieved via some other user friendly programming like Java. IMHO, a major step up is the inclusion of custom indicator import button in the interface. Standard MT4 indicators are usually embedded right into the interface for quick incorporation into the Expert Advisor. More difficult interfaces require that you have detailed knowledge of the mql4 iCustom command. You will find yourself manually coding iCustom calls into a text box--in order to incorporate custom indicators. Essentially, the easy interface handles iCustom for you while the difficult one does not. Also, keep in mind that there are different types interfaces, Some are simpjy set up as text boxes, menus, and buttons--much like this forum we're in now. Others are almost 100% graphic--flow charts resembling something more like PowerPoint. Although it would be inappropriate for me to endorse any single EA builder, I would advise you to visit the software publisher's website first. View the publisher's user manual and their support forum. If these don't exist, then I would move on to the next one. Many TP's, Ryan

I've created a comprehensive list of EA builders over at mqlautocoder.com. Some indicator, signal, and script utilities are also included in the list. Please post your reviews and recommend additions as appropriate. A few notes: Some of the EA builders on the list are free, partially free, or paid (see descriptions). Copyrights are respected--keep this in mind while in the Indicator Depot, which is continually updated with new indicators. Last but not least... I will code some EA's for free--just make a request. I do NOT code for money. Happy hunting.

FlexiChart_2.0.ex4 won't upload so you'll have to Google it. This forum does not support ex4 attachments. Also, for anyone not familiar with expert advisors the EA's in post#24 go in your experts folder, not your experts\indicators folder. 2 requests to the admin: Please allow ex4 file types in attachements, and Please allow users to edit their own previous posts.

Here are some more range bar, renko bar, and flexible time chart generation EA's. Apply any one of these to a live M1 chart, and either an on-chart comment or an alert comment will tell you which offline chart to open (in MT4, File, Open Offline). Indis and EA's will function on the offline charts if coded to run on the current chart or, in the case of MTF indis, on other standard MT4 time frames. Good trading to you. RenkoRangeBarsEA v1.2.mq4 RenkoLiveChart_v3.2.mq4 FlexiChart.pdf

Here are some more indis as requested in the newbie thread, Mysticforex. I see you already have the Schaff Trend for market cycle identification, so I attached a mod Bressert which you may like better for the same purpose. Fibocalc will give you dynamic fibo expansion levels based on whether the bid is trading > or < yesterday's open. It also prints automatic entry, stop, and 3 take profit target levels. Candletime counts down time left to close within the current price bar (in text format right next to the candle). RSI-TL is just that--an automatic trendline on RSI that runs in a separate indi window. Great for exiting, and not so great for entering. Current bar tends to jump around a bit. Tanganjiwa is the old factory MT4 ZigZag indi, using hand-dots in lieu of lines to identify extremes. This is an improvement as the original ZigZag shows a line up for sell and a line down for buy. CAUTION: Heavily repaints! Play with inputs to slow it a bit. Try 20, 2, 3 on a 1 hour chart. Do not use as a lone indi without confirmation. And finally, Mouteki, elsewhere known as _TDTL. It's an automatic on-chart trendline. Alerts, immediate horizontal support and resistance, and target (projection) levels can be toggled on/off. Good trading to you. DSS Bressert_TRO_MODIFIED_VERSION.mq4 fibocalc_V31.mq4 CandleTime THV.mq4 RSI-TL.mq4 TanganJiwa.mq4 Mouteki.mq4

Mysticforex, you are indeed correct. I meant Gain. Bain is well outside the scope of this thread. Is there any way to edit that post? Maybe I'll add some paragraph breaks as well. I will certainly post some indis to that section.

You are right. From their Privacy Policy: "With your consent, we will make your Personal Information available to trusted third parties who offer products and services we think may be of interest to you so that you can receive information or opportunities related to those products and services."

I've only been trading spot forex for a few years, but I won't be ambiguous regarding what I've learned in this short time. Forget forex futures unless you have at least $10k due to minimum account size requirements. Avoid all paid services. Yes, they are straight up scams. If you had a system of guaranteed profits, wouldn't you trade it instead of leasing it? The self-proclaimed guru, Henry Leiu, comes to mind. Research your prospective dealer. In spot forex there are no brokers, only dealers. Brokering implies some sort of fiduciary relationship. There is none. Before US reforms kicked in, many dealers were straight up criminals. Bain Capital, formerly operating as CMS Forex and now operating as Forex.com comes to mind. There is no centralized spot market, so you have no access to contract volumes, only tick volumes. You are trading against giant international banks who fund your dealer in an off market exchange where your account resides. Think twice about going overseas to get access to low spreads, hedging, and low margin requirements. This is where the criminals went. Research your prospective platform. If you like freeware, MetaTrader 4 (MT4) can't be beat. I have a library of over 1100 indicators and only purchased one of them (the platform itself is also free). This is how many it took me to create a "better than half-profitable" strategy. For MT4, there is user friendly software out there allowing you to build custom indicators and automatic trading systems (if you think your strategy is that good). But even with frequent updates, MT4 is old and if you run to many charts with too much history and too many indicators, it can freeze up. MT5 is out there but the freebies for MT5 are much fewer. Before you even get into indicators and/or trying to build a strategy, I would investigate the various ways of viewing price data in the first place. MT4 only allows 9 time frames ranging from 1 minute to 1 month, and only half of those of useful for day trading. You can use time frames based on any number of ticks, seconds, minutes, hours, days, range bars, or renko bars (just google Flexichart, RenkoLiveChart, and RenkoRangeBarsEA). Your indicators and systems will display vastly differently depending how you display your price on the chart. For example, some traders use Renko Bar charts and no indicators at all! Unlike many traders, I no longer attempt to follow any economic calendars or news events. In reality, any news is probably too old to trade by the time retail traders receive it anyway. Besides, when a rate decision or a natural disaster triggers my technicals I either get stopped out or a profit run--same as always. Books are entertaining if you want to know why EU was nicknamed Cable, but again you will find better information for free in the multitude of forums online. By now it should be clear that I'm a day trader who feeds off volatility. If you want to be a long term investor, I don't have the slightest clue. Do your research, open a "demo" account, settle on your data display(s), and start trading play money. Keep reading, keep reading, and keep reading the forums. Good trading to you.