Monday 25 May 2015

No Sexy Girls in Bikinis!

Monsoon season seems to have started here in Phuket.  It sure is coming down now and smells nice, it's as cool as a warm summer day in Canada.

This weather reminds me of when I lived in Vancouver, or Raincouver as we like to call it.  Actually those were some of my best trading days.

 
Rawai, Phuket, Thailand
 

Nowadays I have a hard time concentrating in the heat and with all the distractions Thailand has to offer.  So a little rain is quite welcome.

Next time you're analyzing your trades, consider your environment.  Where did you make your good / bad trades?  Were you in a coffee shop?  At home?  Was it hot? Rainy?  Cold?   Comfy office chair?  On the couch?   Don't laugh, it can make a difference.   Everyone seems to think you can just pull up a laptop and work anywhere.  If you can, kudos to you.  And if you are efficient, wow you are a super star.

As for me, I need a comfy office chair, a decent desk or kitchen table.   I can't do regular chairs.  I also need a decent temperature. Not too hot, not too cold.   Lots of Soda Water on hand, sometimes music, sometimes not.   And no distractions...

No sexy girls in bikinis!

Friday 22 May 2015

Managed Accounts

Those of you following my blog know I'm not a fan of managed accounts.  At least not anyone else's. haha.    Seriously though, I find managed accounts for the most part are pie in the sky.   I believe in semi-automated trading. 

For the last year I have been experimenting with a managed account and have had great positive results.

I finally had a chance to open an account at MyFxBook, and quite frankly love their Android App. 

Have a look at https://www.myfxbook.com/portfolio/forex-taurus-managed-1/1245795 and take a look at my managed account for yourself.

*** UPDATE JUNE 29 2015***

The first couple months were up and down.  Not exactly a home run start, however it's the real deal.
If you have a closer look you'll find that some strategies and currencies performed better than others.  One strategy in particular has been constantly making gains.  Others have not.  Not a problem.   I have updated the Managed EA and will review again in a month.


Tuesday 12 May 2015

MT4 News Calendar Indicator

For those of you that have been using Metatrader 4 for a while, you will remember there were many MT4 News Calendar Indicators. With MT5 of course there is a built in function to show news.

The most popular MT4 News Calendar was the FFCal News Indicator.



What made it really stand out is that it's an indicator, so if you are crafty, you can modify the indicator and use it in your expert advisors, scripts, or just modify the indicator to your liking.

Unfortunately with the new release of Metatrader 5, the folks at MetaQuotes Software started modifying the MT4 builds and broke this indicator.    Support for it stopped and there was one other choice that surfaced, the NewsCal-v107.  It was good but source code was not available, so you had to use it as is, with it quirks and short comings.  Don't get me wrong, it's a GREAT indicator.

The good news is that thanks to rod178 at ForexFactory, I got my hands on source code for a working MT4 FFCal News Calendar called "CalendarFX-I" and started making enhancements.

You can find the MT4 News Calendar mq4 and ex4 files here:
 
For the latest release check this Foum for new versions of CalendarFX-I:
http://www.forexfactory.com/showthread.php?p=8256565#post8256565

Kudos to traderathome, deVries, qFish, atstrader, rod178 for creating and keeping the FFCal News Indicator alive!

Sunday 10 May 2015

MT4 Indicator Installation Instructions

MT4 Indicator Installation Instructions:
  1. Download the indicator
  2. Open MT4
  3. Click “File” >> “Open data folder”
  4. Navigate to >> “MQL” –> “Indicators”
  5. Copy the Indicator to this folder
  6. Exit and Restart Metatrader