Posted by: Obitexa Oct 17 2011, 04:19 PM
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.
Posted by: fxina Oct 17 2011, 11:45 PM
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
Posted by: Obitexa Oct 18 2011, 12:52 AM
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
Posted by: FXlucker Feb 17 2012, 02:02 AM
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
Posted by: adonainet Feb 28 2012, 04:04 AM
Hi friend...
i build my own expert, very simples, jobs only in ECN account, minimal $1.000 .. profit i moderate.. about 40% month ..
see in http://www.myfxbook.com/members/ssejaprospero/mt4-100249/254543
my msn: ssejaprospero@hotmail.com
Thanks
Posted by: mraxis Apr 27 2012, 09:06 AM
QUOTE (FXlucker @ Feb 17 2012, 11:02 AM)

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
Thank you sooo much...realy great piece! Exactly what I was looking for
Posted by: tarako Apr 28 2012, 08:49 PM
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.