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Oct 17 2011, 04:19 PM
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New MoneyMaker

Group: Member
Posts: 4
Joined: 12-October 11
Member No.: 352,115

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Please guys I need your help. I am new to forex and I use metatrader 4, but I still not understand how to place stop loss and limit orders. Also, I don't know how to interpret the indicators and expert advisors. Please help me solve these problems. Thank you.
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Oct 17 2011, 11:45 PM
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New MoneyMaker

Group: Member
Posts: 3
Joined: 17-October 11
Member No.: 354,122

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QUOTE (Obitexa @ Oct 18 2011, 07:19 AM)  Please guys I need your help. I am new to forex and I use metatrader 4, but I still not understand how to place stop loss and limit orders. Also, I don't know how to interpret the indicators and expert advisors. Please help me solve these problems. Thank you. on your chart, press F9. then on type dropdown, choose pending orders. to use indicators, just drag the indicator from left pane into your chart. and for using EA, refer to this image  regards, fxina
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Oct 18 2011, 12:52 AM
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New MoneyMaker

Group: Member
Posts: 4
Joined: 12-October 11
Member No.: 352,115

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QUOTE (fxina @ Oct 18 2011, 08:45 AM)  on your chart, press F9. then on type dropdown, choose pending orders. to use indicators, just drag the indicator from left pane into your chart. and for using EA, refer to this image  regards, fxina Yeah I know how to activate those but what I'm saying is that I don't know how to interpret their charts
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Feb 17 2012, 02:02 AM
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New MoneyMaker

Group: Member
Posts: 7
Joined: 11-September 11
Member No.: 342,003

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Hi Obitexa, I was a forex newbie before, these questions you asked, i met before too. I also searched a long time to find the answers about these questions. Finally, I found this presentation on the website Profiforex. “How to get profit on Forex?”. In this presentation, the author explained the basic knowledge about forex trading include the answers of your questions. The address to this presentation is here: http://www.profiforex.com/pages/Education/HowTo
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Apr 28 2012, 08:49 PM
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New MoneyMaker

Group: Member
Posts: 12
Joined: 18-November 11
Member No.: 366,793

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If you don't know how to place stops etc with Metatrader I would advise against using an EA. You really don't need more software getting in your way.
Learn the basics first. Develop your own system. Then code your own EA if you want to auto-trade later.
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