Ingot54

Here is an excellent Indicator for MACD fans.
 
At first I was under the impression that it is a proprietary indicator, but it is listed in this MT4 Indicators site, which is publicly available:
 
http://www.search4metatrader.com/index.php
 
You will have to register, but they are not asking for anything except your email address.
 
This indicator, which I have attached is available under "M" of course, and you will locate it on page 4 of the "M" directory.
 
By the way - I have found that the best setting for it are: 4 - 21 - 1 - 5
The default settings are 10 - 20 - 1 - 7, but these can be up to 5 candles/bars late in getting you into a move.
 
A bonus of using the MT4 site, is that the top downloads for the month/week/ever are listed on the front page, and I am sure you will find something there - even hard-to-find indies.
 
There are truly thousands of MT4 Indicators listed on this site, which does look like an official MT4 site. Bookmark it for the future.
 
Cheers
Macd with EMA BDv8_12_31.mq4

That's a really great post, Berzerk - thank you for taking the time to write it. I am certain there is something in there that will make a difference to how I see the markets, and handle them.
 
Particularly I like your way of dealing with the risk of whipsaws, and trading with strength.
 
However ... I gave my reasons for quitting:
 
 
I am realistic, Berzerk. Even if I won 9 trades out of ten, do you think I would be able to generate the kind of income I planned for 9 years ago? I know that I would not reach a success rate of 90% ... and I am under-capitalised now, having blown two major accounts in my second and third years at this.
 
After that I became more focused and committed to finding out what works and what does not. But the markets have continued to evolve, and I have had to accept that I am simply not suited to be a trader. It's not hard to accept that - the evidence is there ... plainly ... and all the thousands of posts I have made, and the hundreds of thousands more that I read, have not changed my bottom line one teeny bit.
 
The losses roll on.
 
I do not regard myself as short of thinking power - it is something else that I lack. But I am smart enough to know that, and to quit. The retirement I hoped for may not arrive - that's life - but I did give it a decent shake - no one can take that from me. My foolishness was in thinking I could trade and make enough money to replace my day job.
 
I am not/no longer seeking a working strategy - I am no longer committed to "being a trader." And I am certainly not interested in words of pity/condolence etc - we are adults and make adult decisions.
 
This is simply a nice way for me to move on, and probably the thread was an attempt to share another point of view with someone who may have also been at a tipping point, and just maybe something they were able to see here could have made a difference.
 
I don't know.
 
Your post has not been in vain though. As I mentioned, I will consider carefully what you wrote, and see if there is something I overlooked in my 9 year journey. Clearly, I have missed it ... but the question is for me: Can I exploit this art so that it is worth my time and energy. Would it be worth it for me to give up other things in exchange for making a little more from trading than I do?
 
Will it ever be more than gambling?
 
I have had to face those answers - and they are not in the affirmative at this point.
 
What I am going to do now is write a couple of novels - this is a passion for me.
 
Maybe you would like to buy an eBook from me?
 
:missy:

Young John had just completed high school in the bush, and was off to the city to college. He had a faithful cattle dog, 'Bluey', and insisted on taking the dog with him.
 
Of course, the attractions of city life were quite new to John, and during his out-of-college time, he spent-up rather big on enjoying it all.
 
Eventually, the money ran a bit low, and John was a bit short. He decided to ring his father for a little advance.
 
"Hello ... Dad? You will not believe what is happening here - Bluey is learning to play the piano."
 
"Go on, son. You're kidding me!"
 
"No, Dad, honestly - you should hear him. But the dog teacher had to be paid, and I am a bit short"
 
"No worries, John. The cheque's in the mail."
 
Well time went by, and John again got a bit short of money, and he decided to ring dad again for some money.
 
"Hi Dad. Bluey is so advanced that he is now playing the piano and dancing at the same time. He is a big hit down here. But the extra lessons are not cheap."
 
"Don't worry son, the cheque's in the mail. It's a good thing you got going there with Bluey."
 
John was happy until the day came for him to go home. He knew he had to face the family with a dog that could neither dance nor play the piano.
 
The day he got off the train, Dad was waiting there to meet him.
 
"Where's Bluey?" said Dad, "I was hoping to watch a performance."
 
"Well Dad, Bluey became so advanced, that he began to talk. We used to have long conversations about the things we've seen and done. One night he told me about you and that little red-haired sheila down at the pub, and he told me what you and her ..."
 
"Crikey, John," interrupted Dad, "I hope you shot him!"
 
"Yes, Dad, I did. I sure did. "