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Thread: How to use this indicator ?

  1. #1
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    Default How to use this indicator ?

    Please, how do you use the following indicators to enter and exit market, for both BUY and SELL?
    On balance volume OBV
    Money flow index MFI
    Accummulation/Distribution A/D
    Commodity channel index CCI
    Kindly tell me if you know.Thanks.
    Last edited by olutoluway; 12-26-2008 at 12:17. Reason: ommission

  2. #2
    Administrator funyoo's Avatar
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    Quote Originally Posted by olutoluway View Post
    Please, how do you use the following indicators to enter and exit market, for both BUY and SELL?
    On balance volume OBV
    Money flow index MFI
    Accummulation/Distribution A/D
    Commodity channel index CCI
    Kindly tell me if you know.Thanks.
    On Balance Volume : On Balance Volume, OBV - MQL4 Code Base
    Money flow index : Money Flow Index, MFI - MQL4 Code Base
    Accumulation/Distribution : Accumulation/Distribution, A/D - MQL4 Code Base
    Commodity channel index : Commodity Channel Index, CCI - MQL4 Code Base

  3. #3
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    Quote Originally Posted by funyoo View Post

    Hi Funyoo,

    In your experience, do you have an indicator which is somewhat consistent?

    Regards
    Anand
    MT4 Expert Advisor EA Reviews

  4. #4
    Administrator funyoo's Avatar
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    Quote Originally Posted by anand1268 View Post
    Hi Funyoo,

    In your experience, do you have an indicator which is somewhat consistent?

    Regards
    Anand
    MT4 Expert Advisor EA Reviews
    Hi anand1268,

    There is an infinity of combinations, all depends on your way to trade. For main trends, there is Parabolic SAR, Moving averages, Heiken Ashi, etc ... etc...

    I can't really say as I don't do manual trading. For the moment, I'm still looking for a system that generates regular profits.

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    Quote Originally Posted by funyoo View Post
    Hi anand1268,

    There is an infinity of combinations, all depends on your way to trade. For main trends, there is Parabolic SAR, Moving averages, Heiken Ashi, etc ... etc...

    I can't really say as I don't do manual trading. For the moment, I'm still looking for a system that generates regular profits.
    Hi Funyoo,

    Thanks for the answer

    Me too i searching a real consistent EA but most of them fails in live trading

  6. #6
    Member TheRumpledOne's Avatar
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    You won't find one. If one existed the market would cease to exist.

  7. #7
    sabrinathomas
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    Hey Do anyone use swing trading strategy. I like swing trading. Generally currency swing trading aims to capture the reactions in the greater tendency (either bullish or bearish) and seeks to take advantage of trades that can last a few days to a week in a row. In this context, it is a form of short-term trade, and is the only method short-term forex trading works.

  8. #8
    shirley.williams
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    Money flow index MFI- It compares "positive money flow" to "negative money flow" to create an indicator that can be compared to price in order to identify the strength or weakness of a trend. Like the RSI, the MFI is measured on a 0 - 100 scale and is often calculated using a 14 day period. You can easily find the option in your trading system.

  9. #9
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    txssssssssss

  10. #10
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    The foreign currency exchange market, or Forex, provides traders with the opportunity to speculate on changes in currency valuation. The Forex market is one of the largest in the world with more than 35 times the asset value of the New York Stock Exchange. Additionally, it is a 24-hour market in which participants may trade at any time. Many technical indicators exist to aid in the process of price prediction. Use of these indicators can be quite complex, but the basics are easily learned.

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