What is also needed is a trading platform like MT4 because most of the commercial EAs are scripted for it. So I always trade with brokers that offer this platform, and that as you know is no biggie. Alpari, fxview, xtb, most provide them. All these brokers can be programmed to work by using the technical indicators like moving average or even better MACD.
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I just got a margin call from my broker, for the second time! I’m thinking now if it’s really that b
- Thread starter Saivarshinee
- Start date
How about you guide your mother that an EA is in fact a great option especially for the beginners. Review the trade on your behalf and decide whether there should be a trailing stop, stop loss, or a take-profit.I’m too scared to use an EA. Heard from my mother who’s a scalper that they take full control of your control.
That is good, keep that up!Ya using a trading journal is something I regretfully wasn’t doing earlier. Now I am using myfxbook for even recording my demo trades.
Any idea on the correct MACD setting?
Any idea on the correct MACD setting?What is also needed is a trading platform like MT4 because most of the commercial EAs are scripted for it. So I always trade with brokers that offer this platform, and that as you know is no biggie. Alpari, fxview, xtb, most provide them. All these brokers can be programmed to work by using the technical indicators like moving average or even better MACD.
I’ve been working around lowering the trigger line to a shorter period. Wanted to confirm if I’m going the right way.
My experience says the number of trade signals will increase and more signals isn’t always a good thing. You might end up overtrading.I’ve been working around lowering the trigger line to a shorter period. Wanted to confirm if I’m going the right way.
@Cortney you could even consider increasing the trigger line period to monitor the longer term trends.
A thumb rule I’ve been religiously following- never play around your default indicator settings. Don’t know about your brokers, but the settings of MT4’s MACD with fxview and alpari are great. Why would you take a chance of analysis paralysis by tweaking the settings?Any idea on the correct MACD setting?
Any idea on the correct MACD setting?