I started another PROP account. This time the company seems to think, that robot traders are not real traders. And a robot trader must be allowed to use a robot by contacting Risk Management Department. Well, they do not answer a request. Then what? I am a lousy manual trader. (Not a real trader then). I tried to manually take som signals from a robot on another account and manually trade them with this new PROP firm. It doesn't work for me. So I needed to find the simplest possible trading strategy, that even I cannot screw up. I got it. Moving Average Cross. Simple. Then use some other indicators as confluent supporters, but the trigger is the MA Cross.
Well - it is borring starring at those MA's awaiting the cross to come. I made it a bit easier with a small indicator. It change the background colour of the chart in 4 ways. This cach your eyes much easier.
Well - it is borring starring at those MA's awaiting the cross to come. I made it a bit easier with a small indicator. It change the background colour of the chart in 4 ways. This cach your eyes much easier.
- If the Trigger MA is above the Base MA, I have set the colour to Navy.
- If the Trigger MA is below the Base MA it is set to DarkRed.
- ProfitColour: When a certain percentage of profit has been reached, set another colour. Then I can stop trading.
- LossColour: When a certain percentage of loss has been reached, set yet another colour. Then I MUST stop trading. This is usefull to PROP traders.
You can set the colours to your own liking. NOTE! The mode of the MA's are Linear Weighted. That is important. Cannot be changed!!
No# 3 and 4 must be calculated every day and updated in the indicator.
So I share this little indicator here. It is for the best trading platform ever - MT4.
If you find it usefull, then please tell me and others which confluence indicators or PA that you will use with it.
Attached File(s)
MA_Background_V1.ex4
9 KB
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466 downloads
Read post #1 !! Then read it again 10 more times before you ask.