Steinitz HAS MTF **Theory & EA**

[watchout4me]

Originally Posted by pjo

Thanks Don ! Now they work !

pjo

guys in UK.

can you use spreadbetting company in UK with the EA. you were talking about alpari which i think is a Forex broker.

let me put in another way, is there any advantage (either way) of spreadbetting company trading forex over a forex brokerage in UK?

I hope this question is not too odd.

thanks

[pjo]

Originally Posted by watchout4me

guys in UK.

can you use spreadbetting company in UK with the EA. you were talking about alpari which i think is a Forex broker.

let me put in another way, is there any advantage (either way) of spreadbetting company trading forex over a forex brokerage in UK?

I hope this question is not too odd.

thanks

Oh, the resaon why I use Alpari is not for the fact that they have a good spread.

I badly needed any MT4 to test these EA or Indicators, this UK broker was online so I got it. Other brokers were offline in this weekend.

pjo

[Dave2]

I use Capital Spreads in the Uk (I live in England), the big advantage for us is that we don't pay tax on our winnings.

[watchout4me]

Originally Posted by Dave2

I use Capital Spreads in the Uk (I live in England), the big advantage for us is that we don't pay tax on our winnings.

Thanks DAVE2.

so how do use the EA on capital spreads or you don't?

basically, how do you utilize the advantage of the EA when trading currency using a spreadbetting company?

anyone can answer me pls?

[droesparky7]

The Queen is much nicer to you in the UK then the Prez is to us in the US.

WE pay tax on taxes we pay!

[Dave2]

I am pretty certain that you can't use an EA with spreadbetting brokers in the Uk.

[steinitz]

Originally Posted by ashraf_65

Don
I sent you today to get your EA. Is the offer of $50 is still present?

YES

Also, What is the suitable TF you advice me to use as a main trend?

I suggest and personally use the monthly as the main trend. I get to participate in ALL the counter trends from weekly down to 1 minute.

What about the MM, EA contains a money mangement or should i make it manually and what is the best MM plan you advice?

MM works great to utilize compounding taking advantage of capital changes. If the MM does not work with your broker change it to FALSE.

I have $500 by now in FXDD, can I use the EA or better not and how many pairs could i put it
on?

I suggest 500 minimum for the micro account. Place 2% each trade with max of 12 positions.

Sorry, for my questions..

Never be sorry for excellent questions!

Don

[steinitz]

Originally Posted by sehs4u

Don

you mean 4-7 and change use upper time frame to "true" and set it to "1" "2" or "3"? if yes which upper TF you recommend from your opinion?

Thank you

Sorry for the spelling errors. I actually send out over 200 emails a day.

If you use 4/7 as your 4Hr Max TF and add the feature of "upper TF's" 1, 2 or 3 that gives you a chance to take all signals off the 4Hr TF but will be filtered and required to have daily, weekly and monthly all the same trend.

This allows you to trade a medium lower TF and get in and out with lessor pip amounts but almost no chance of significant DD.

[steinitz]

Originally Posted by sehs4u

Don

What is the best TF to trade 1-6 or 3-8 or 4-7. i think if you enter at the peak of the MN TF (1-6) the DD will be very large before trend corretion but with daily (3-8) or 4h (4-7) the DD will be less. What is your opinion?

Thank you

Excellent observation. Yes you would think that and in most cases you are correct. If you stick to the lower TF's from daily on down you will logically has less potential DD.

If you use ONE "upper TF" filter then if the highest TF like 4Hr's changes color you don't have to close down the trade as the daily is telling you that you are still in the main trend and not to panic.

So many failures are due to traders panicking and pulling the trigger way to soon. The market is full of noise and it's close to chaos with some resemblance of normalcy.

Don

[watchout4me]

steinitz,

on my platform, it's show steinitz_HAS_MTF_EA_v2.2, shouldn't be v2.3?

you sent two templates to me, what is the difference

to trade btw 5M and 1day, how do i go about the EA?

anyone reply me pls as well.

thanks