JacoAF's Posts | Myfxbook

Swing trading strategies in General May 05, 2019 at 08:21

I'ts very true what you say. Taking an account from $500 to $3K in 3 years is very slow. But you must keep in mind, when I started I knew almost nothing of trading whatsoever. After my first two real accounts was blown in a very short time, I was an emotional wreck. In my case I had to practically "go back to school" to research and learn what trading is really about. I never really understood WHY it is important to manage Risk & Money. So it took time, in my case A LOT of time to build my confidence, develop my own strategies and trading plan.Not saying that you cannot m...

Swing trading strategies in General May 03, 2019 at 12:19

Yeah it's tough Swing Trading on a small account. You have to be the MOST patient person in the world to swing trade a micro account. When I really started to understand trading I tried all kinds of strategies. Scalping 5 minute charts wrecked me emotionally. Swing Trading Daily/Weekly charts was way too slow for my $500 micro account.I ended up with a Breakout strategy where I traded 30 minute and 1 hour charts. It was a simple but effective strategy where I would mark the daily range of the previous day, and then wait for the market to break out of the range, re-test and reject coming ba...

TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE? in New Traders Apr 28, 2019 at 08:45

Hello Yaya,Your question is a tricky one. It is possible to make 5-10% profit on your account balance in a single month, but it is very hard to make an average of 5-10% EACH month for a long period of time.To explain I will use my own experience. When I started I had big dreams of "compound interest", "doubling my account in a year" and gains of 10-20% a month. Because that's what I did with a demo account over a period of 14 months.Well, I opened my first account and to my horror I could not trade at all. I made so many mistakes, lost one trade after the other by closi...

Swing trading strategies in General Apr 17, 2019 at 13:07

Hi Nasrul,I agree with you that "most"swing traders trade analyze and trade the Daily/Weekly charts, but I have to respectfully disagree with your statement that you cannot swing-trade the 4-Hour charts.Here is the definition of Swing-Trading according to Investopedia:========================>"What Is Swing Trading?Swing trading is a style of trading that attempts to capture gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. These traders may utilize...

Swing trading strategies in General Apr 16, 2019 at 21:40

I've been a swing trader for 9 years now. I tried all kinds of indicators in my early years, and experimented with all times frames. I can tell you from my own experience that using indicators only for entry/exits is a disaster waiting to happen. You should think of any indicator as a tool to validate an entry/exit.I learned the hard way that the ONLY way to swing trade is to use price action, meaning looking for proven historical support and resistance price levels, trend-lines and fib levels. Analyze your charts, identify these levels, and then wait and see how the market reacts around t...

Forex Contest FIXI Trading CUP in Contests Jul 11, 2018 at 06:02

It seems that there is a problem with MyFXBook.If you want to see where you are listed on the rankings, go to the following link:https://www.fiximarkets.com/trading-competitions/fixi-trading-cup-july-2018/

Forex Contest FIXI Trading CUP in Contests Jul 11, 2018 at 06:01

Hi Lisa, man dis lekker om nog Afrikaners hier raak te loop.Voorspoed vir jou ook met die kometisie. Gaan nog lekker gesels.Groete

Forex Contest FIXI Trading CUP in Contests Jul 10, 2018 at 13:44

Hi Kobus, dis Jaco hier. Hoe gaan dit?Die MyFXBook update al vir 'n paar dae nie. Jy kan na die link hier onder gaan as jy wil sien waar jy op die ranglys is.https://www.fiximarkets.com/trading-competitions/fixi-trading-cup-july-2018/Jy doen nogal goed sover!Jammer dat ek nog nie by jou uitgekom het nie. Eks al weke lank besig in Hermanus. Sal seker volgende week of so weer terug wees. Dan sal ek by jou 'n draai kom maak.Groete

Hi, Can someone give me a tips, new trader here, starting on demo account in New Traders Jul 04, 2018 at 10:40

Absolutely true! I'd like to use my very first account I opened in 2010. I opened a $1000 account on the Saturday (I think...), and started trading that Monday.Now the previous few weeks I opened a demo account with the same amount, and I traded like an animal and turned it into $16000 in less than two weeks. And I think I did it mostly with 0.5 lot sizes, which on a demo account is kind of ok. The big think is, I found that when I used stop-losses I almost always lose money, so I skipped the stop loss levels and just sat in front of the PC and opened and closed trades when I feel like it....

Forex Contest FIXI Trading CUP in Contests Jul 02, 2018 at 07:01

https://download.mql5.com/cdn/web/fixi.plc/mt4/fiximarkets4setup.exe

Loss in General Jun 27, 2018 at 06:42

Now this is a lesson ALL new traders should pay attention to! Well said!

Hi, Can someone give me a tips, new trader here, starting on demo account in New Traders Jun 27, 2018 at 06:29

I see this all the time. New traders tend to think that these "enormous" results in short periods of time can be duplicated in a live trading environment. Pro traders (talking bank and institutional traders) will NEVER take those huge risks. So as a new trader you should not even think about trading like that on a demo, let alone a live account. This may sound harsh, but I paid my school fees as a new trader, and I can tel you with absolute certainty, you WILL blow up your account, even a $100 account, in a matter of days!So here is what I learned as a "newbie" trader. Firs...

help for be a good programmer in Programming Apr 09, 2018 at 06:49

I'm not sure what you are specifically interested in, but I assume you want to learn how to build websites and web apps with PHP and JavaScript, I had a quick look through the SimonSez tutorials and they are actually very good for beginners, and best of all completely FREE:I suggest starting here to get a good understanding of HTML, which you need to better understand PHP and JavaScript:https://www.youtube.com/watch?v=nOCXXHGMezU&list=PLzj7TwUeMQ3gUTFciNyJZKEVZTLqOWPNfAfter that you can look at his PHP Course here:https://www.youtube.com/watch?v=0jHNdSPE6Jc&list=PLzj7TwUeMQ...

help for be a good programmer in Programming Apr 09, 2018 at 06:35

Hi Natalie,Not sure if you tried looking for videos on YouTube. But here's a good intro PHP video I found on YouTube, about 2 hours long:https://www.youtube.com/watch?v=0hOMA_-jnpIYou can also try this guy... there's ALOT of tutorials on his site on just about anything, including HTML, PHP and Javascript:https://www.youtube.com/user/simonsezittraining/playlists

help for be a good programmer in Programming Apr 04, 2018 at 10:39

You can try:https://www.lynda.com - learn to program tutorialshttps://www.sourcecodester.com/ - lots of source code examples and tutorialshttps://www.codeproject.com/ - great community to get source codeLearning by example is always good

Please help in New Traders Apr 04, 2018 at 10:34

It's hard to give advice to new traders when you don't know what level of trading experience and trading knowledge they have. But I can tell you what worked or me 7 years ago.Many new traders tend to trade the smaller time frames like 1 to 15 minutes, because that's where all the "excitement" is. Problem is, if you don't know what you're doing trading these time-frames you usually try and take profits quickly and sit with losing trades far too long. That's what I struggled with in the beginning. Take profits way too soon and not get out of loosing trades quick...

MACD TRUE in Programming Mar 15, 2018 at 11:53

I just noticed something... when I paste the code here it changes the double quotes to single quotes... probably why it does not work.... the indicator name MUST be between double quotes...see the script sample, and remember to use the indicator name exactly as it appears on your PC...

MACD TRUE in Programming Mar 15, 2018 at 11:50

Ok here is what I use...MACD_True.mq4 (Indicator), other one is the sample script code.Just a note... in the sample code I used "MACD True" as the indicator name.... the attached indicator does not have the space... use "MACDTrue as the name

MACD TRUE in Programming Mar 15, 2018 at 11:40

Hi,Sorry I made a mistake in the code. Try this, I tested it and it seems to work.//+------------------------------------------------------------------+//| Script program start function |//+------------------------------------------------------------------+void OnStart() { double MACDLineValue; double SignalLineValue; double HistogramValue; MACDLineValue = iCustom( NULL, 0, "MACD True", 12, 26, 9, 0, 0 ); // BUFFER 0 - MACD Line SignalLineValue = iCustom( NULL, 0, "MACD True", 12, 26, 9, 1, 0 ); // BUFFER 1 - Signal Line Hi...

MACD TRUE in Programming Mar 15, 2018 at 08:35

Hi CupOtea,I know the MACD True, use it myself... :)The indicator stores the following values: SetIndexStyle(0,DRAW_LINE); SetIndexBuffer(0,MACDLineBuffer); SetIndexDrawBegin(0,SlowMAPeriod); SetIndexStyle(1,DRAW_LINE,STYLE_DOT); SetIndexBuffer(1,SignalLineBuffer); SetIndexDrawBegin(1,SlowMAPeriod+SignalMAPeriod); SetIndexStyle(2,DRAW_HISTOGRAM); SetIndexBuffer(2,HistogramBuffer); SetIndexDrawBegin(2,SlowMAPeriod+SignalMAPeriod);So buffer 0 stores the value for the MACD Line, Buffer 1 the value for the Signal Line, and buffer 2 the value for the Histogram.So you can try this....

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Posts by JacoAF