10.4 A Complete System

[sponn]

And the last one update

Trades Total: 68
Trades Won: 45
Trades Lost: 23
Max Profit: 327 pips
Max Loss: -150 pips
Avg Profit: 116 pips
Avg Loss: -78 pips
Pips: 3427.3
Gains: 29,3%

On the live account it is even better because of GBP/CAD trades - they were closed on live with IcMarkets @ 1.60806 (4 trades with around 420 pips gain).

[carier09]

HI can anybody answer my question. What will be set up for Moving average (240 on H4) for Daily graph. Thank you. tom

[TraderDesk]

HI can anybody answer my question. What will be set up for Moving average (240 on H4) for Daily graph. Thank you. tom

You can try 60 lma on the daily chart...

[SWG123]

HI can anybody answer my question. What will be set up for Moving average (240 on H4) for Daily graph. Thank you. tom

You can try 60 lma on the daily chart...

Err ... actually 40.

[nanningbob]

From time.com

What a strange world we are living in when Ben Bernanke holds a press conference to say that he’s essentially going to do nothing, and the markets go down 200 points.


As I tried to point out a couple of weeks ago, Central banker remarks are moving the markets and indies and fundamentals mean very little when they speak. God forbid that Bernanke should sneeze into a microphone before he speaks and moves the market 200 points because everyone thinks he is sick now.

[nanningbob]

Hello Bob,
Thanks for a nice system.
I have read both the 10.4 Final and CSS pdf. Now, after installing the 10.4 template, I got such outlook (please see the attachment). From that chart, what is the use of the "BMI Object Background"?
I didn't find it's usage in the pdf. Also all the pivot and R-S texts have made that chart clumsy. So I want to get rid of all of them. How can I do that? I just want to simply follow the rules as I know which one is WP/DP etc.

Again, I didn't understood the CSS system. It seemed to me too much twisted. (Pardon my inability of understanding). After installing it, I got such chart.(See the attachment)
Now, is there any simple way to interpret them into trading? How to use/read them simply and utilize them with conjunction of 10.4?

Another question. There are plenty of indicators, both in 10.4/5. I have checked them by installing but didn't find any variety than the 10.4 template. Can you please specify which one to use along with 10.4 template?
Thanks

P.S. I am using MPTM.

You will have to excuse me for not answering. I closed up my school this week and will be leaving tomorrow for the USA. The version of 10.4 you posted is the one you can use if your computer cannot handle the CSS indies. You use the STO 5 as a substitute to the RSI 2 and CSS system. Basically the STO5 reads are the same the RSI 2 and the AO indie was used to make reads before CSS. I would not try mixing the two systems because you will get confused. You either use STO 5 with the AO or RSI 2 with CSS. If you use the two different systems you will be confused. The reads of each system are approximately the same but dont mix the two. I use the RSI 2 and CSS and that is probably what most guys here are using. So use the system posted in the update on page 1 post 1. Then you will be on the same page as everyone else here. If you cant use CSS because of hard ware issues then you will have to learn to adjust your reads using STO 5 as RSI 2. So everytime a booklet talks about RSI 2 you have to think STO 5. That was a concession me made to those who have computers with less computing power. So make a choice and then learn how to use it. Post pics with your questions so we better understand what you are asking.

I will be going to Hong Kong on Saturday and will arrive in SanFrancisco on Monday. Thursday I will be arriving in Orlando Florida and spend the Month of July there. The first week of August I will be in Seattle and then back to China for my last year. I dont know how much trading I will get in this summer but I will hit the markets now and then I am sure.

[TraderDesk]

HI can anybody answer my question. What will be set up for Moving average (240 on H4) for Daily graph. Thank you. tom

You can try 60 lma on the daily chart...

Err ... actually 40.

Yes it is 40ma. But using 60 linear weight MA really works on the daily chart...

[Jason Rogers]

What I don't understand, is that FXCM is presenting themselves as a Real broker (non Market Maker) meaning that they don't take the opposite position in any trade. So they have no interest in failing or successful traders. It is at least their official version.
(Of course the story is completly different If they're taking other hidden practices against their traders)

Hi Effluvium,

On our No Dealing Desk (NDD) forex execution model, FXCM makes money off client trading volume, not client losses. That's all the more reason it's important to us that our clients have confidence in our service, so they continue trading with us. That is why I encourage any of our clients negatively impacted by a tech issue to log a trade audit, so we can address the issue for you.

Jason

[Jason Rogers]

Wow, what a coincidence, my FXCM Empty4 froze up right before the FOMC announcement. What a bunch of thieves. Time to shop a new broker. Fortunately was flat so no issues.

No problem on my FXCM!

Hi Bluedog,

FXCM recently experienced tech issues that affected some of our Empty4 clients. Some traders had difficulty logging into Empty4 while others experienced freezing as you described. It was nothing deliberate on our end, and I'm glad to hear your trades were not negatively impacted.

For anyone else reading this, if you had a live trade that was negatively impacted by these tech issues, please note the rate at which you tried to exit the trade and submit an audit. The audit forms can be found below.

- FXCM LLC (US) Trade Audit Form
- FXCM LTD (UK) Trade Audit Form

I apologize for the inconvenience this has caused.

Jason

[patman]

Hi Bob,

Thanks for all your education here.
Enjoy your holiday

pat