Over the last few weeks I’ve written countless indicators and expert advisers (ea’s) and I’m happy to say I’m really loving MT4.  Great platform, and it’s stable!   I can do 10 times as much and use 1/4th of the memory.   The indicators and support forums alone are worth it, but I gotta say I really like the flexibility of the MetaEditor and the available programming platform.

Now to those of you that are “anti robot”.  Good for you.  I am too!

I do enjoy writing indicators and strategies, and yes I’ve even been known to run my “Pip Monster” overnight while I sleep and wake up to profits.   Bottom line is that computers, indicators, and strategies are tools that make our technical analysis alot easier, and more fun.   For me that means creating semi-automatic “robots” that alert me and aid in my analysis, but hey if it runs by itself and makes good pocket money, why not?

Happy Pipping!

Here is a quick check-list to see if you’re ready to go live:

• How many trades have you taken in total?
• How many positive trades?
• How many negative trades?
• How many positive pips?
• How many negative pips?
• How many percent are you up this month?

The long and short of it is that you should have more positive trades than negative trades. And more positive pips than negative pips.  Consistently.  Over a one month period.   A good target is 10% per month.

So… are you ready?    Only you can answer that!

Here are some tips for new and seasoned traders alike:

• Develop a Trading Plan …AND follow it!
• Have a System – Take the guesswork out of your trades.  …AND follow it!
• Keep a Journal – at a minimum record pips gained/lost, reason for entry/loss.  …AND Review it!
• Education, Education, Education.  If you think Education is expensive, try going without it.

Those are the basics.   I can’t stress how important Education is.  The trading course that I took, changed my life.  Others in the class had attended trading courses in the past and were blown away by the one that I took.  I highly recommend you check out Currency Connect.  Be sure to mention my name and they’ll take excellent care of you.  Not only that but you’ll get a bonus!

Happy Pipping!

Forex Tools for New Traders

For the last few weeks I’ve been tweaking, writing, rewriting, analyzing, testing, tweaking some more, banging my head against the wall, and learning more than ever.  I’m happy to say that the last couple weeks I’ve had some really successful automated trading strategies run on several currencies. AND I’ve taken that a step further and expanded my automatic system to 9 currency pairs.

Introducing “Pip Monster” – A Fully Automated Trading System

This morning I woke up to yet another successful trial run.  12 successful trades.  1 bad trade.  over a 7 hour period.  Move over Forex Robots… Pip Monster is going to destroy you!

Total Pips:  117 Positive -8 Negative making for 109 Pips Profit

Pip Monster - Automated Trading System Test

Stay tuned for more exciting information!

Why develop these alerts? I have been very disappointed with all the different Forex Alerts and Forex Signals, they just don’t work most of the time and I didn’t find any meaningful trade opportunities were identified.  So I started working my own system, and found it was very consistent, but found that checking for my alerts manually was a little time consuming, so I created automated alert messages based on my proprietary criteria, and instead now I get my Forex Alerts via email.

I’m sharing these alerts with you for FREE.  I may start charging in the future, so be sure to sign up now…

FREE Signals

Name:

Email:

We respect your email privacy

 

February was a slow month for me… I slept through some good trading opportunities, my computer crashed a few times, and my strategies needed some tweaking.  No more excuses, time to kick-ass and get pipping!

In review, February wasn’t that bad of a trading month.  171 pips.   19 good trades. 2 bad trades.  63 negative pips and 234 positive pips.   Not to mention that the majority of my trades I decided to scalp only 10 or so pips and missed out on 100 pips.  The life of a trader!   That’s a good problem to have.

Now that I’ve got my ActFx Indicators and Strategies somewhat cleared up and have fine tuned my system, I’m ready to do some more pipping!

Happy Pipping!

PS:  Be sure to share you trading successes (and losses too).    Just talked to someone that “lost everything” to the forex market.   Key is getting back up and figuring out what went wrong.

Don’t delay… my last webinar will be Valentine’s Day, Sunday February 14th.

Webinar Registration

To register for an event, click the event time and you will be redirected to the Webex Registration Form and after signup you will receive a confirmation email from Webex.  If you do not, check your junk mail folder and register again if need be.

You will need: A computer with an internet connection and either speakers to listen on the web or a telephone to dial in with, long distance charges my apply.

http://www.forexdaytradingwebinar.com/ForexCharts.jpg

(Video: Watch this video on the post page)

Monday February 8th

6:00pm or 9:00pm

Tuesday February 9th

5:00pm or  8:00pm

Wednesday February 10th

1:00pm, 4:00pm, or 8:00pm

Thursday February 11th

1:00pm, 7:15pm, or 11:00pm

Friday February 12th

5:00am or 11:30am

Saturday February 13th

12:00pm

Sunday February 14th

(Valentine’s Day)

12:00pm

Forex Seminar Agenda

• The History of Forex
• The 5 Different Types of Traders
• Fundamental vs. Technical Analysis
• News Trading
• Trading Systems and Strategies
• Trading Plans
• Chart Analysis
• Taking a Trade
  …and so much more!