RunIntervalSeconds: The sound alert interval incase there is a cross in the current bar.
MA1/MA2_Period: The periods for the respective moving averages
MA1/MA2_Shift: Moving average shift settings
MA1/MA2_method: Moving average methods. Set:
0 for Simple moving average,
1 for Exponential moving average,
2 for Smoothed moving average,
3 for Linear weighted moving average.
MA1/MA2_AppliedPrice: The applied prices for the two moving averages. Set:
0 for Close price,
1 for Open price,
2 for High price,
3 for Low price,
4 for Median price, (high+low)/2,
5 for Typical price, (high+low+close)/3,
6 for Weighted close price, (high+low+close+close)/4.
Simply download X trail 2 and transfer(copy and paste) it to My computer —> Program Files —-> MetaTrader —> experts.
Open meta trader and in the expert advisors list you should see the version of psar bug you downloaded. Right click on it and attach it to the chart you want.
A window will appear to customise settings.
What are the best settings? Use your meta trader strategy tester to find the optimum setting for your broker. If you dont know how please learn in your meta trader help option or anywhere in the internet.
Do i have to attach Moving average indicator to the chart? Absolutely not. X trail is designed to work by itself.
How to use the system for effective trading :-
We have included H1 and LT system. H1 system named as FX MANTRA H1 Pro traders tool and LT system named as LEANER TRADING TOOL. H1 system is very much useful and the main system for trading for profit. LT system ensures longer trends to ride for profit. The main attractive features of the tools are the ranging effect discovery. With these tools a trader can easily identify the ranges and breakouts with no repaints.
Look at the chart below:-
The FX Mantra H1 tool provides 2 MA lines. When the GREEN line crosses over the RED line, the trader should go for buy until both of the MA lines get closer. Please use H1 timeframe for this kind of trade.
NOW WHAT ABOUT THE LT TOOL :-
LT tool is all about more ensuring result. Use LT tool for ensuring a highly profitable 100+ pips trade. Let us take a clean look at the chart
As we can see on the picture above when 3 of the MA lines crossed then a new trend is ensured. And as H1 tool when the BLUE line is over the PURPLE and RED line go for a BUY order. Remember this tool is only for day, weekly and monthly traders. It ensures greater profit accesiblity.
SPECIAL NOTE :- H1 method provides good data and signal for H1-D1 traders. It provides a massive signal of BUY and SELL. Anyone can use H1 Pro tool for maximizing their profit. BUT LT method is quite different in mechanism, LT method should be used for ENSURING TREND for LONG TERM TRADES. If you are a scalper, or a seasoned trader please use H1 tool for trading and LT tool for ensuring the trend. When you are trading with more than $2000 and going for a trade which will last for 1 week or more then
X trader v2
Author: tonny (2013.02.19 09:20)
X trader v2.mq4 (5.1 Kb) View http://codebase.mql4.com/8757
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LEGAL DISCLAIMER AND RISK WARNING
Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.
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