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Ingot54

Market Wizard
  • Content count

    955
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About Ingot54

Personal Information

  • First Name
    TradersLaboratory.com
  • Last Name
    User
  • City
    Hervey Bay, QLD Australia
  • Country
    Australia
  • Gender
    Male
  • Occupation
    Registered Nurse
  • Biography
    Keen student of life in all of its profundity, the details of which are not much different from your own.
  • Interests
    Trading

Trading Information

  • Vendor
    No
  • Favorite Markets
    Forex, Energy, Metals, Indices
  • Trading Years
    Since 2004
  • Trading Platform
    MT4
  • Broker
    IGM
  1. How to Trade the Foreign Exchange Market (Forex)

    Thank you Eralinks. The indicators I have provided in this thread are mentioned because they have some kind of edge; thus the 4,21,1,5 MACD needed to have an advantage over the standard 12,26,9 MACD. In order to answer your question I had to ask a coder with some depth/experience in these things, and here is his response: ... really there is nothing magic about this indi at all. All it does is calculate MACD = EMAfast - EMAslow, and Signal = EMA(MACD). That is bog-standard MACD. The only unusual thing it does is that it calculates an MAofSignal = EMA(Signal) = EMA(EMA(MACD)), and it plots Signal and MAofSignal. The actual MACD value is plotted by the red/green histograms, and the signal is the magenta line. The MAofSignal is the dotted yellow line. In the default settings and in your setting, the 3rd input (SignalEMA, the EMA length for Signal) is 1, which means Signal = MACD. So with those settings, Signal is MACD, and MAofSignal is basically equivalent to Signal in a "normal" MACD. If you use a value > 1 in the 3rd input, then you'll get TWO "signal" lines -- EMA of MACD (the normal Signal line) and EMA of Signal = EMA(EMA(MACD)). You might want to experiment with that ... you might prefer it to MACD & Signal or it might be too slow for your tastes. So: this indicator is just MACD with an extra Signal line, nothing more. And the way you're using it, with SignalEMA = 1, it acts EXACTLY like a plain vanilla MACD. Pass the 4th input (MAofSignalPer) to the normal MACD as its "MACD SMA" parameter. (Actually if MT4 uses an SMA for the signal, not EMA, then that would be very slightly different to the results you'd get from this indi. But it's a very small difference.) BTW the reason your settings are "faster" is because you used smaller numbers in the inputs. Smaller numbers = shorter EMAs = faster **but noisier** lines. You'll have to decide which you prefer. My friend was able to make that statement because he was able to look at the mlq4 coding. In effect he was saying that it is possible to get the same result by experimenting with the settings on the 12,26,9 MACD. For example, I have seen settings on MACD of 100,30,9 (and I have illustrated on the attached chart) but only the user can decide if he/she is gaining an advantage through these kinds of settings. You can see the divergence in this chart, between the ever advancing rally ... and the momentum of MACD. Clearly momentum is slowing, and the yellow arrowed line is showing the slope on MACD (divergence) is pointing to a trend reversal "soon." An indicator needs to earn its place on your chart, otherwise you have to ruthlessly discard it ... no matter how nice it is. If it is occupying space, it has to be making you $$$, otherwise, put it in the folder you keep for other shiny objects! I have a heap of them ... nothing more than curiosities now. The main reason I like the 4,21,1,5 MACD is that it has the magenta line joining the histogram tops/bottoms, and this gives a very clear location of the actual crossing of that line (the "1" in the formula) and the signal line (the "5" in the formula). You could get any MACD to show the same, using 4,21,5 instead of 12,26,9. The MACD is versatile, but anything you do with it has to mean something. It needs to show you something you can not see with any other indicator, or indeed, with price itself.
  2. Traders Laboratory Forex Trading Contest!

    WD Nico - you are now in Elite company ...
  3. This Does My Head in

    Does not matter where you live in the world really, chances are you will be affected by something like this. Try to be happy about it ... if you can! Thanks to ABC News (Australian Broadcasting Corporation) for the Hungry Beast programme ... is it still going to air?
  4. And Now for Something Completely *

    That takes miniaturisation to "the next level" Jpennybags. And I think ... just for today ... that this next effort takes it to what is currently possible. Tomorrow? I would like to credit the Australian ABC as the source for this story: "Scientists reveal world's smallest movie" Scientists reveal world's smallest movie - ABC News (Australian Broadcasting Corporation) There is a lot more commentary about it at that link, compared to the little you will hear on the video.
  5. How to Trade the Foreign Exchange Market (Forex)

    Thanks for the interest Topguntrader. Read a little more closely ... the method is what it is. Traders trade differently ... some are better traders than others - I have been at this 9+ years ... trust me. I am profitable with this strategy, but never going to become wealthy. I have found a better way, which I am unable out of courtesy to TL to post here. One day you too will come to the same realisation. Get out now - I see you have made 2 posts - run as fast as you can from trading while you still are not hooked on the dream. Trading is a road littered with financial skeletons - and beggars who didn't quite die financially ... don't let yours be the next one. I see you are full of confidence - leave now before the market shatters that!
  6. Joke of The Day!

    DAMN FINE EXPLANATION The wife came home early and found her husband in their bedroom making love to a very attractive young woman. And she was somewhat upset. 'You are a disrespectful pig' she cried. 'How dare you do this to me -- a faithful wife, the mother of your children! I'm leaving you ... I want a divorce right away!' And the husband replied, 'Hang on just a minute love so at least I can tell you what happened.' 'Fine, go ahead,' she sobbed,' but they'll be the last words you'll say to me!' And the husband began -- 'Well, I was getting into the car to drive home, and this young lady here asked me for a lift. She looked so down and out and defenseless that I took pity on her and let her into the car ... I noticed that she was very thin, not well dressed and very dirty. She told me that she hadn't eaten for three days ... So, in my compassion, I brought her home and warmed up the enchiladas I made for you last night, the ones you wouldn't eat because you're afraid you'll put on weight. The poor thing devoured them in moments. Since she needed a good clean-up, I suggested a shower, and while she was doing that, I noticed her clothes were dirty and full of holes, so I threw them away. Then, as she needed clothes, I gave her the designer jeans that you have had for a few years, but don't wear because you say they are too tight. I also gave her the underwear that was your anniversary present, which you don't wear because I don't have good taste. I found the sexy blouse my sister gave you for Christmas that you don't wear just to annoy her, and I also donated those boots you bought at the expensive boutique and don't wear because someone at work has a pair the same.' The husband took a quick breath and continued - 'She was so grateful for my understanding and help that as I walked her to the door, she turned to me with tears in her eyes and said: 'Please .... Do you have anything else that your wife doesn't use?'
  7. Joke of The Day!

    ONLY A MAN WOULD ATTEMPT THIS Pocket Tazer Stun Gun, a great gift for the wife. Last weekend I saw something at Larry's Pistol & Pawn Shop that sparked my interest. The occasion was our 15th anniversary and I was looking for a little something extra for my wife Julie. What I came across was a 100,000-volt, pocket/purse-sized Tazer. The effects of the Tazer were supposed to be short lived, with no long term adverse affect on your assailant, allowing her adequate time to retreat to safety...?? WAY TOO COOL! Long story short, I bought the device and brought it home... I loaded two AAA batteries in the darn thing and pushed the button. Nothing! I was disappointed. I learned, however, that if I pushed the button and pressed it against a metal surface at the same time, I'd get the blue arc of electricity darting back and forth between the prongs. AWESOME!!! Unfortunately, I have yet to explain to Julie what that burn spot is on the face of her microwave. Okay, so I was home alone with this new toy, thinking to myself that it couldn't be all that bad with only two AAA batteries, right? There I sat in my recliner, my cat Gracie looking on intently (trusting little soul) while I was reading the directions and thinking that I really needed to try this thing out on a flesh & blood moving target. I must admit I thought about zapping Gracie (for a fraction of a second) and then thought better of it. She is such a sweet cat. But, if I was going to give this thing to my wife to protect herself against a mugger, I did want some assurance that it would work as advertised. Am I wrong? So, there I sat in a pair of shorts and a tank top with my reading glasses perched delicately on the bridge of my nose, directions in one hand, and Tazer in another. The directions said that: * a one-second burst would shock and disorient your assailant; * a two-second burst was supposed to cause muscle spasms and a major loss of bodily control; and * a three-second burst would purportedly make your assailant flop on the ground like a fish out of water. Any burst longer than three seconds would be wasting the batteries. All the while I'm looking at this little device measuring about 5" long, less than 3/4 inch in circumference (loaded with two itsy, bitsy AAA batteries); pretty cute really, and thinking to myself, 'no possible way!' What happened next is almost beyond description, but I'll do my best. I'm sitting there alone, Gracie looking on with her head cocked to one side so as to say, 'Don't do it stupid,' reasoning that a one second burst from such a tiny lil ole thing couldn't hurt all that bad.. I decided to give myself a one second burst just for heck of it. I touched the prongs to my naked thigh, pushed the button, and... HOLY MOTHER OF GOD. WEAPONS OF MASS DESTRUCTION. WHAT THE... !!! I'm pretty sure Hulk Hogan ran in through the side door, picked me up in the recliner, then body slammed us both on the carpet, over and over and over again. I vaguely recall waking up on my side in the fetal position, with tears in my eyes, body soaking wet, both nipples on fire, testicles nowhere to be found, with my left arm tucked under my body in the oddest position, and tingling in my legs! The cat was making meowing sounds I had never heard before, clinging to a picture frame hanging above the fireplace, obviously in an attempt to avoid getting slammed by my body flopping all over the living room. Note: If you ever feel compelled to 'mug' yourself with a Tazer, one note of caution: There is NO such thing as a one second burst when you zap yourself! You will not let go of that thing until it is dislodged from your hand by a violent thrashing about on the floor! A three second burst would be considered conservative! A minute or so later (I can't be sure, as time was a relative thing at that point), I collected my wits (what little I had left), sat up and surveyed the landscape. My bent reading glasses were on the mantel of the fireplace. • The recliner was upside down and about 8 feet or so from where it originally was. • My triceps, right thigh and both nipples were still twitching.. • My face felt like it had been shot up with Novocain, and my bottom lip weighed 88 lbs. • I had no control over the drooling. • Apparently I had crapped in my shorts, but was too numb to know for sure, and my sense of smell was gone. • I saw a faint smoke cloud above my head, which I believe came from my hair. I'm still looking for my testicles and I'm offering a significant reward for their safe return!
  8. Joke of The Day!

    Ireland declares war on France Jacques Chirac, The French President, is sitting in his office when his telephone rings. "Hallo, Mr. Chirac!" a heavily accented voice said. "This is Paddy Down at the Harp Pub in County Clare, Ireland. I am ringing to inform you that we are officially declaring war on ye!" "Well, Paddy," Chirac replied, "This is indeed important news! How big is your army?" "Right now," says Paddy, after a moment's calculation, "there is meself, me cousin Sean, me next door neighbour Seamus, and the entire darts team from the pub. That makes eight!" Chirac paused. "I must tell you, Paddy, that I have 100,000 men in my army waiting to move on my command." "Begoora!" says Paddy. "I'll have to ring you back." Sure enough, the next day, Paddy calls again. "Mr. Chirac, the war is still on. We have managed to get us some infantry equipment!" "And what equipment would that be Paddy?" Chirac asks. "Well, we have two combines, a bulldozer, and Murphy's farm tractor," answers Paddy. Chirac sighs amused. "I must tell you, Paddy, that I have 6,000 tanks and 5,000 armoured personnel carriers. Also, I have increased my army to 150,000 since we last spoke." "Saints preserve us!" says Paddy. "I'll have to get back to you." Sure enough, Paddy rings again the next day. "Mr. Chirac, the war is still on! We have managed to get ourselves airborne! We have modified Jackie McLaughlin's ultra-light with a couple of shotguns in the cockpit, and four boyos from the Shamrock Pub have joined us as well!" Chirac was silent for a minute and then cleared his throat. "I must tell you, Paddy, that I have 100 bombers and 200 fighter planes. My military bases are surrounded by laser-guided, surface-to-air missile sites. And since we last spoke, I have increased my army to 200,000!" "Jesus, Mary, and Joseph!" says Paddy, "I will have to ring you back." Sure enough, Paddy calls again the next day. "Top o' the mornin', Mr. Chirac! I am sorry to inform you that we have had to call off the war." "Really? I am sorry to hear that," says Chirac. "Why the sudden change of heart?" "Well," says Paddy, "we had a long chat over a few jars of Guinness, and decided there is no foostering way we can feed 200,000 prisoners."
  9. Picture of the Day

    Do not call before 9am
  10. Joke of The Day!

    Helping The Doctor A doctor in Dublin wanted to get off work to go fishing, so he approached his assistant. "Murphy, I am going fishing tomorrow and don't want to close the clinic. I want you to take care of the clinic and take care of all me patients". "Yes, sir!" answers Murphy. The doctor goes fishing and returns the following day and asks: "So,Murphy, how was your day?" Murphy told him that he took care of three patients. "The first one had a headache so he did, so I gave him Paracetamol." "Bravo Murphy lad, and the second one?" asks the doctor. "The second one had indigestion and I gave him Gaviscon, so I did sir" says Murphy. "Bravo, bravo! You're good at this and what about the third one?" asks the doctor. "Sir, I was sitting here and suddenly the door flies open and a young gorgeous woman bursts in so she does. Like a bolt outta the blue, she tears off her clothes, taking off everything including her bra and her panties and lies down on the table, spreading her legs and shouts: 'HELP ME for the love of St Patrick! For five years I have not seen any man!'" "Tunderin' lard Jaysus Murphy, what did you do?" asks the doctor. "I put drops in her eyes."
  11. How to Trade the Foreign Exchange Market (Forex)

    It is not 1.5 ... it a special MACD in which there are 4 settings, not the usual 3. 4 - 21 - 1 - 5 You can NOT apply these settings to a normal default MACD. It is specific for MT4 application. See post #5 here for the RAR containing all files and templates: http://www.traderslaboratory.com/forums/forex-trading-laboratory/15784-how-trade-foreign-exchange-market-forex.html Also, see post #8 here for the specific MACD indicator http://www.traderslaboratory.com/forums/trading-indicators/9336-mt4-indicators.html'>http://www.traderslaboratory.com/forums/trading-indicators/9336-mt4-indicators.html hope you manage to construct it. See post #9 and #10 also for another excellent indicator. http://www.traderslaboratory.com/forums/trading-indicators/9336-mt4-indicators.html NB: In post #9 there is both a .PDF explaining the use of that indicator (Spud's Rope Theory Stochastic) AND the .tpl (template) of the indicator. If you are using these indicators, and trading pullbacks from the trend, then you are making money.
  12. And Now for Something Completely *

    Probably the longest Video I have watched while waiting for a trade to mature. The scientist in this story, Bert Hoelldobler, and cameraman Wolfgang Thaler, tell an amazing educational and enriching story. I didn't know that of the two creatures that domesticate and farm other creatures on earth, ants are one. (Humans are the other creatures to keep domestic animals). If you are finding the video a bit long (I didn't) take a look from the 46:00 minute mark, where they pour 10 tons of liquid cement into a giant nest, and wait one month before excavating. The workings, design and construction of that underground world is a scientific miracle. The smallest colony they discuss lives in a single Acorn - a complete life-cycle perpetuated within a 25mm Oak seed! For those traders stressed out while watching the gyrations of market price, settle your mind and nerves by enjoying this interesting vid.
  13. And Now for Something Completely *

    While we are in space having a look around, here is another time lapse series from the International Space Station. Kind of touches something a bit deeper than the local drama, doesn't it!
  14. And Now for Something Completely *

    This is a rip directly from the Youtube site: This is a 24 hour observation of all of the large aircraft flights in the world, condensed down to 1:11. From space we look like a bee hive of activity. What you will see, is a video showing air traffic around the world for 24 hours, taken from a satellite. The yellow dots are airplanes in the sky during a 24 hour period. Stay with the picture. You will see the light of the day moving from the east to the west, as the Earth spins on its axis. Also you will see the aircraft flow of traffic leaving the North American continent and traveling at night to arrive in the UK in the morning. Then you will see the flow changing, leaving the UK in the morning and flying to the American continent in daylight. This is something that everyone should see. For us old-timers it is really fascinating. For our children/grandchildren it provides a superb learning moment and an opportunity to open up what could be a very interesting discussion. This is one of the coolest things I have ever seen. There are lots of people in the sky at any given moment. You can tell it was spring time in the north by the sun's foot print over the planet. You could see that it didn't set for long in the extreme north and it didn't quite rise in the extreme south. I have never seen this before. We are taught about the earth's tilt and how it causes summer and winter and we have had to imagine just what is going on. With this 24 hour observation of aircraft travel on the earth's surface we get to see the daylight pattern move as well. Remember; watch the day to night... Day is over in Australia when it starts. EDIT: If you want the full screen version, click the "Youtube" icon at bottom right of the movie frame. That should take you to the Youtube site where the full screen mechanism will work. (I could not get full screen on the TL version here) And enjoy!
  15. This Does My Head in

    Can you imagine the $$$ destroyed in these years ... not to mention the human cost ... wildlife and ocean creatures nuked or poisoned with radiation, the amount of radiation that is now free to enter the food chains of every living thing on the planet, and the number of people who either killed themselves over the stress of it all, or who have PTSD or who need anti-depressant medications? Up until 1998 ... 2,053 nuclear explosions cut loose! This is worth putting the headphones on and watching for the 14+ minutes. Each country detonating a nuke has a different musical tone, and a tally is kept on the top and bottom toolbars. Take note of the cacophony in the years 1961 to 1971 years - about 4m 30 secs to 6m 30 seconds on the video. Kind of does my head in!
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