20 golden rules Trader

Want to trade successfully? Choose only the good positions and avoid the bad. Bad shopping choice carries a heavy loss because it decreases your confidence, and drains the wallet. You face many crossroads during each market day. No system of discipline in the decision-making, impulse and emotion will undermine the skills because you will choose the wrong market-based instruments at the wrong time.

Many short-term traders are trading as a form of game. Without planning and discipline, they throw money into the market. Occasional big win reinforces this easy money and attitude to prepare them for eventual failure. Without the protective regulations, major players are easy to feed from these losers and throw them from the market.

Technical analysis teaches traders to execute positions based on numbers, time and volume. This discipline forces traders to distance themselves from the rash of gambler. Through the impartial execution and solid risk management, short-term trading is beginning to finally "work."

Markets follow similar patterns many times. Research on the trend allows you to build systematic rules to these formations and avoid repetitive chase "for the passing train."

Here are the golden rules of the trader, which will allow you avoid many mistakes and make your trade more balanced:

1. Forget the news, remember the schedule. If you are not strong enough to know how news will affect price, refer to the schedule. The schedule already takes into account the news to be expected.

2. Buy the first rollback of the new maximum. Sell at the first setback of the new minimum. There is always a crowd that missed the first boat and want to be in the second.

3. Buy at support, sell at resistance. Everyone sees the same level, and all just waiting to jump into a stream.

4. Short rally - did not sell. When markets are falling, sales profit, and finally become ready for recovery.

5. Do not buy below the main moving average and sell above it. See item 3.

6. Not the momentum, if you do not see a way out. Suppose that the market is fully spread when you are logged. If it is - a long way "to exit", then you are in big trouble.

7. GEPy depletion filled. GEPy break and continue there. The wisdom of the old traders is to end. Bidding in the direction of GEPa whenever you can.

8. Trends test the levels of previous support / resistance. Sign in here, even if it is damaged

9. Bidding in the direction of teak, and not against it. Do not build up a hero. Go in the direction of flow of money.

10. If you must go, it is not here. Forget about your degree and trust your instincts.

11. Sell the second high, buy the second minimum. After a sharp reverse, the first test of any maximum or minimum is always faced with resistance. Watch for a breakthrough with the third or fourth attempt.

12. Trend - your friend. As the volume rises, do not expect anyone to change the channel.

13. Avoid opening. It is in these moments you're most vulnerable.

14. 1-2-3-DOWN-UP. Look for a turn after descending trend peaks, two lower peak and a double base.

15. Bulls live above the 200-day moving average, bear below. Sellers eat up rallies below this key moving average line, as buyers come above it.

16. Price has memory. What price the last time, when it reached a certain level? There is a possibility that she will do it again.

17. A large amount of traffic kills. Issue couple during the climax of the captures and the buyers and sellers, and leads to the opposite effect.

18. Trends never deployed instantly. Facing pages are built slowly. The first sharp drop always finds buyers, and the first sharp rise always finds sellers.

19. To form the foundation needed more time than the top. Fear acts more quickly than greed and causes a market instrument to fall under its own weight.

20. Take money from the crowds and go. You have to take their money before they take yours.

20 golden rules trader (2)

Exploitation of market turns.

Facing pages in the first test of a new maximum or minimum are fairly common. Investors double peaks after the first pass out, while players on the purchase of undervalued instruments dual grounds. Skilled traders also use this well-known tendency to turn to enter counter-trend position.

Markets always come back to check previous support or resistance, if a natural barrier (such as GEPa continuation) is not in their way. In addition to price and graphical models, conventional Moving averages also provide a classic point.

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Within-day fluctuations

Within days of the market to swing back and forth like a drunken man. This fluctuation most frustrating traders, forcing them to take a position on the less advantageous prices. But this intra-day fluctuation shows the basic procedure, which you can use to buy or sell at reducing to the maximum of the day.
The timing - it all when it comes to markets. Etoosobenno true with respect to intra-day price movement. Many traders ignore this fact and try to use the market as they wish. This approach provokes them to ignore the fluctuations and focus on the signals directly to individual price charts. This is a critical mistake, because everything is interconnected together in a common large-scale picture.
The vast majority of market-based instruments should be the direction of intra-day fluctuations. Of course, each market-based instruments will be relatively stronger or weaker than the overall market. This discrepancy creates a mechanism that allows us to buy or sell at market turns. For example, strong stocks tend to recoil to its minimum as well as intra-day fluctuation reaches its low point. Then, both up above, as buyers returned to the pressure on the market.

Futures on the index indicate intra-day fluctuation with high accuracy. But the interpretation of fluctuations is more complex than simply search for the ascending or descending trend. Futures Markets react to various forces, but few of them are stronger than the principle of price discovery and the range of the first hour.
The three levels identified by these values define test scenarios for the day trendline. In good days, using index futures breakthroughs first hour, and roll back to price discovery as a springboard for significant rally. But the interaction between price action and the three reference points can sometimes be complex and difficult to interpret.
One of the most common turn begins when the range of market-based instruments in breach of the first hour, varies within a few minutes and then falls back into its borders. This failure of the implementation of the model pushes traders to close positions and change direction. Originates a new intra-day fluctuation.

Good mood Stochastic indicator will allow traders to more easily visualize the intra-day fluctuations. But the interpretation is the main feature with this classic instrument. Do not assume that the spread is close only because the value of the indicator reached perekuplennosti or pereprodannosti. Finds support in the pricing model or wait for the indicator was accelerated in the opposite direction.
Most charts in different time formats, may reflect the conflicting information about the vibrations. Literate traders use these differences to their advantage, rather than remain in doubt. They wait for Stochastics to a larger and a smaller scale will be synchronously specify the maximum or minimum values and then move in the opposite direction. This is a strong signal that the market is going to fluctuations in the opposite direction.

Another way to manage the contradictory signals over possible long-term moving average cost. We recommend that you install Exponential Moving averages with a period of 200 bars and 50 bars in all the intra-day charts. These averages reflect the trend of development of new variations, when market-based instruments back to the very low levels.
Usually, the price bars on the same session will be to retreat back to the exponential moving average with a period of 50 bars, at the same time at another session reached its exponential moving average with a period of 200 bars. This convergence predicts strong turnaround, especially when combined with the convergence Stochastics. Add to this the successful testing of the opening price or the range of the first hour, and you get a very good opportunity for trade. These signals can be coordinated very effectively used to buy or sell at the best prices of the day.

Here is an example of how this can work. Purchase of shares "Talk America" can be implemented 12.09.03 within 7 cents from the day a minimum. After a sharp downward movement of the early morning has spread because market volatility has committed so-called "trip inside." Turn on V-shaped bases occurred just inside the main level and short-term recovery Fibonacci moving average.
Tilt the market at certain times during the day adds a final dimension to the intra-day fluctuations in mechanics. In most sessions, the market has developed from the opening kick in the first half hour of trade. The main strength or weakness of the movement, which is often followed by, dictate the nature and magnitude of price fluctuations throughout the day.
The market often shows a different turn in about 90 minutes until tender. This fluctuation can be quickly dissipated, or cause a stampede last hour in one direction or another.

www.hardrightedge.com

The bands of linear regression

Introduction
Indicator Strips linear regression arbitrarily smooths the price data is the regression result, if projected regression line, and then randomly creates band standard deviations above and below the regression line. First, data based on the selected price, smoothed, using the period and type of moving average. If you prefer not to use any smoothing, the chosen period 1. Then, the data obtained are used to form a regression line that ends in each bar, using the period of regression. Values in each bar may optionally be predicted value determined by the design of the regression line at X bar forward, where X is the projection period (if X = 0, then no prediction will not happen). Then, above and below the regression line can be held strip of standard deviations, based on a specified number of standard deviations and significance of standard deviation, calculated from data in the range of the period of regression.

In its most basic form, without smoothing (Moving Average of period 1) and without the forecast (the forecast period 0), the indicator provides a simple end point of linear regression line, which ensures the end of each bar with a period of regression. This alone provides a good replacement of the rolling average, and in fact identical to the type of moving average of least squares.

Period smoothing (MA), allows you to pre-smooth the data before performing any regression analysis or prediction. For predictive value of a linear regression line, ending at each point, and designed more for X number of bars, where X is the projection period. This is a designed value is then used as a value indicator for this bar.

The bands that performed, using the standard deviation, which varies in time. Standard deviations are calculated in the same way as an indicator for the "linear regression" (see number 23). The standard deviation factor of the options multiplied by the value of standard deviation to determine how far the band will be conducted from the main line.

Oscillator Linear regression is the number of standard deviations the current price of the line of linear regression. A value of 2 means that the price is currently located at 2 standard deviations above the linear regression (using a given period of regression, ending at the bar). Value - 1.5 means that the price is now at a 1.5 standard deviations below the regression line. This function is added as an additional option "Oscillator linear regression to indicator bands of linear regression. Recommended that the oscillator linear regression was built in a separate window below the price chart. Oscillator Linear regression shows how far the current price deviated from the regression trend line in units of standard deviation, or how far the price deviated from the basic trend established by regression analysis (using the term).

The above graph shows the daily candle "Intel Corporation" (INTC). Prognostic line linear regression (LRF) is depicted in black, the upper band of 2 standard deviations, shown in blue, and the lower band shows a red color.

Formula

Smoothed price = Moving Average (Price, Z), where Z - period moving average

(Note: If smoothing is not required (only the price), the period moving average should be set to 1. In this case, the smoothed price is the same as the price.)

The band regression = regression (smoothed price, X) + Slope * Y, where
Z - period moving average
X - the period of regression
Y - the forecast period (if not necessarily equal to 0)
Slope - slope of the regression line

The upper band = band regression + standard deviation (smoothed price, X) * N, where
N - standard deviation (s)
X - the period of regression

Lower band = band regression - standard deviation (smoothed price, X) * N, where
N - standard deviation (s)
X - the period of regression

Oscillator Linear Regression = (Price - Stripe regression / standard deviation (smoothed price, X), where X - the period of regression

The use of graphics programs

. Price - Price data used in calculating the (opening, closing ...).
. Type MA - type smoothing (moving average), which will be applied to regression (simple, exponential ...).
. Period MA - period smoothing (moving average), which is used to regression.
. The period of regression - number of bars that are used in calculating the regression line.
. The forecast period - the mean regression line may optionally be predictive of the future number of bars specified by user. If the prediction is 0, no prediction will not happen. If the forecast period greater than 0, the linear regression line is projected forward to determine the value of the regression for the bar.
. The band regression - Average strip is determined calculating the regression line, using the current bar and previous X-1 bars (X is a period of regression), and the design of the line next to the bar Y (Y is the forecast period), and then by the end point line as the values.
. The top band - band of the standard deviation, held above the regression line. Uses the number of standard deviations below. The standard deviation is calculated over the period of regression.
. Bottom line - the standard deviation band, held below the regression line. Uses the number of standard deviations below. The standard deviation is calculated over the period of regression.
. Standard Deviation (s) - How many standard deviations from the mean regression lines used for the upper and lower bands.
. Oscillator Linear Regression - Oscillator linear regression represents the number of standard deviations the current price of the line of linear regression.


Practical applications

To better understand the practical application of linear regression ?????, below the existing comments trederov who uses this tool in their daily practice.

Trader Stephen Kessler

I really like the bands of linear regression, because they are superimposed on the graph. I use the value of projection 0 (no prediction), the regression between 100 and MA between 1 (no pre-smoothing) at 1 -, 2 -, 3 - and 5-minute charts S & P, to display the likely levels of support and resistance, along with reference points, the usual recent maximum and minimum levels of recovery and Fibonacci. On the lateral market, as shown above, at 1-minute schedule can be very useful for the band, conducted by 2 standard deviations.

Trader Chad Payne

You can create a convenient indicator, which actually shows you how many standard deviations (from the linear regression line) are the current prices. This indicator will be positive when the price is above the regression line and negative when prices are lower. In the following chart shows the parameters set by the indicator and an example of this indicator, which was built in the form of the histogram below the price chart.
The indicator is installed without smoothing (the period of AI = 1), no forecast (the forecast period = 0), and the period of regression = 13.

Significance of -2.3 tells you that prices are currently at 2.3 standard deviations below the regression line (which begins 13 bars ago, and ends at this bar).
Here is an another example of use of the linear regression.

This is a daily schedule of MSFT. For the indicator is used between 13 and 1.5 standard deviations. I also added to the schedule indicator "Paint Bar". Parameters used for the indicator "Paint Bar" shown there. LRFU and LRFL - is respectively the upper and lower bands of linear regression.
As you can see the bars are displayed in black when they closed above the upper band, and blue, when they closed below the lower band.

www.linnsoft.com

Butterfly Effect

When traders hear about the Elliott Wave, they are usually at the same time hear about Fibonacci relationships. Just the reverse is also true. When discussing the Fibonacci ratio, it is almost always in the context of Elliott waves, or measurement of some recovery. However, I would like to propose the use of Fibonacci ratios to any graphical model. In this article, will be presented a graphical model, which is seldom discussed among traders - Butterfly Gartli.

JM Gartli published the book "The profit on the stock exchange in 1935. In this book, he refers to the graphical model, which can be confused with the well-known Elliott Wave. There are similarities, but it is - not the same model. Where in the Elliott Wave uses the numerical designation for the pulse waves and letters to the rehabilitative model Gartli only uses the letter to the central or turning points in the model. This is just one of the differences that can be seen immediately, but there are many others. Therefore, traders who use Elliott waves, may be somewhat confused model Butterflies Gartli. Therefore, it may be useful to take the material presented here, such as it is, rather than to compare two models with each other. There are several varieties of butterflies models, but this article will discuss only one variety.

In the above diagram, we see a common model of butterflies Gartli. At first glance it may look very strange. However, to begin I will explain the model and then show a graphic example. Black lines in the model of butterflies represent the price movement of market instruments. Thus, in Figure 1, we can see that the price movement occurs from point X to point A. Then, we have a downward fluctuation to a point B, which is not beyond the point X. This is accompanied by a movement to point C, which does not exceed the point A. Finally, the butterfly ends of oscillation in descending point C to point D. For purposes of discussion, this type of butterflies Gartli, consistent price fluctuations from point A to point D is within the price range determined by the points X and A.

The blue line on the chart represent the typical ratio of Fibonacci price fluctuations within the model of a butterfly. Price fluctuations from point A to point B will typically recover from 0.5 to 0,618 price range, some movement from point X to point A. Price recovery occurs from point B and ending at point C will usually end in the price range between 0.618 and 0.786 from price fluctuations from point A to point B. The closing price movement that occurs from point C to point D typically has a ratio of 1.272 - 1.618 prior to the fluctuations between points B and C. Price fluctuations from point C to point D may also have a Fibonacci ratio of 0.786 to 0.618 to the price movement from point X to point A.

Closing balance, which is usually referred to, is the equality of price movement from point C to point D, and the price movement from point A to point B. I also include the Fibonacci ratio of 1.618 for this part of the structure of a butterfly. It should also look for price fluctuations, which occurs from point C and ends at point D, that it was equal to 1.00 - 1.618 of the length variations from point A to point B.

If you have closely followed the only explanations that the model Butterflies Gartli, then you may wonder how the model should strictly follow the Fibonacci ratio. In my opinion, the Fibonacci ratio should be performed, at least for two consecutive price fluctuations. This will help us to mathematically confirm what we see in the chart. Also, the Fibonacci ratio to the last price fluctuations from point C to point D should be more important than other Fibonacci ratios in the model of butterflies Gartli.

In the above graph, we have three blue horizontal lines, which represent the levels of recovery 0.50, 0.618 and 0.786 from the full price fluctuations from point X to point A. Remember that we use the ratio of 0.50 and 0.618 for the movement from point A to point B. Also, we use levels of 0.618 and 0.786 for the variations from point C to point D. Thus, we measure two different price fluctuations. Note that the fluctuation from point A to point B does not come very close to the rehabilitation of 0.50 - 0.618. This differs from the price movement between point C and point D, which fits very closely to the goal of 0,618.

At this schedule, we are restoring the levels of 0.786 and 0.618 of price fluctuations from point A to point B. Please note that we have a price movement that is able to exceed this level and close above 0,786. However, the market is unable to support the crossing of this level, and the next day rose below it.

On to the schedule, we can see the Fibonacci projection at 1.272 and 1.618, which correspond to the price fluctuations from point B to point C. Notice how the price movement almost stops at the level of 1.618.

The latter characteristic of Fibonacci, which we consider as the price movement from point A to point B refers to the price movement from point C to point D. The graph above, we measured the movement from point A to point B, and designed the levels of 1.00 and 1.618 of the value of the point C. Here we can see that the price movement has made a definite shift between these two levels designed.

Final design
The last step, which is desirable to perform in any Fibonacci analysis is comparing the different reconstruction and projections of different price variations in the analyzed structure. This gives confidence in the given analysis. In the above graph, we have three projection for a point D, which we considered above. We have kept the same color scheme as in previous examples, so that could match the red, green and blue lines to the previous schedules. I believe that the importance of the schedule is that the whole group of relations is so close to each other that you can distinguish them only on the notes. This means that all of the Fibonacci ratio, which proektiruyutsyaiz different areas of the structure, suited to the same level where we can expect the formation of point D. Point D is thus the level where we could enter the market with the opening of bull position.

Although the examples that were cited above, refer to the bull's model Butterflies Gartli, the exact opposite is true for option bear model. All that need be done - is turn on the first example of Figure 1 to obtain disservice model shown above.

Butterfly Gartli is another way in which we can use the Fibonacci ratios to measure the visual model.

In subsequent issues of the journal will be considered other types of models Butterflies Gartli ..

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Interview with trader: Robert Rose

When you start trading?

I opened my first account in the U.S. in early 1998. and sold U.S. equities. I tried every technique, from skalpirovaniya pulse (more than 40 transactions a day) to the cutting of spread (very quiet trade) and trade on the movement. All, however, especially without much success, because it was one thing that I did not understand. Trade - this is business, not the game! I see it exactly the same as racing. Shares do not involve me more and I switched to trade in futures. For the first time I faced the risks of futures markets. I have followed completely the wrong strategy for the management positions, and therefore lost a lot of money. I decided that something must change and become read some books. After some time I began to understand that the philosophers' stone in the trade and is found in me the most. I was the one responsible for everything. I finally understood that trade - a business and it starts with a small but steady profits. Just at that time I met with the two dealers, which allowed me to work with them. This led to my breakthrough in 1999. Since I work full time as a freelance trader with various brokerage houses.

When the trade has become your main work?

In its twenty-I was still relatively young, and my routine after coming out of school include the immediate tracking American markets. It was not time for the German market. This, coupled with the lack of professional platform for the German market was the reason why I switched to the U.S. market. With the great success that I enjoyed in previous years, I left school in October 2001., Rather than the economic degree to concentrate on trade.

How much time per day do you spend per trade?

At present, not so much because I have committed positional deal (6 hours). Much of their time I spend on research and management of trade.

How much time is necessary to develop a trading system, and psychological aspects of a business plan for the trade?

It is - daily work, and I have constantly thought of new strategies and management practices.

How would you rate your knowledge of the markets? I refer to your knowledge of mechanics of trading as the market moves as effective to place transactions, and what trading tools are needed?

I think that I have extensive knowledge of markets. However, from time to time that happens, something new, slightly alter my attitude to trade. It does not happen suddenly, but rather is a gradual increase in the understanding of (evolutionary steps Trader).

What are your psychological strengths and weaknesses, particularly in the development of trading systems?

My weakness, almost certainly, is my tendency to chaos. Different ways, I must strive for higher order. Fortunately, this applies to my time away from trading. My strengths lie in my patience and the necessary discipline. There are so many things that are frustrating me. This is especially important during difficult periods or unwanted developments. I rarely get out of yourself and try to keep everything under control. But I was not always so disciplined. Especially in the beginning I felt a lot of unnecessary losses and saw trade as a sort of game - an error that costs me a lot of money. Only after I began to treat the trade as a business, my trading has become more efficient and structured.

What are your advantages in trade and the special trade of creating these benefits?

The advantage of my trade is in a consistent risk management. Not only that I know of the existence of risk, I also fully explored them from before. I keep risks to a minimum possible level. In trade, I never risk more than 2% of capital (with positional trade), and this is the highest level. The average risk for me - generally less than 1%. Open positions increased only when they are in profit. This method allows to achieve a better return to risk ratio. Since the trade position is to speculate on the trend spread, the ratio of return to risk is more effective because you can immediately recognize whether a change of trend.

Suppose you have a very effective trading system, with 50% th level gains, which allows twice the loss of profit, and you, however, suffered 10 failures in succession, you could survive with this?

I have had 17 consecutive loss-making transactions. This is not vybilo my gauge.

What is the expected profit from your trading capital in the year?

My expected return of about 20-40%. If I reach 20%, ie some decline in certain boundaries, I will increase the level of risk. On the other hand, if my income is too high, then I know what I am, almost certainly took too much risk.

With what potential risks you face in order to reach your level of profit?

Half of the winnings, approximately 20% per year.

What is the maximum loss that you are willing to take?

Approximately 25%.

How do you recognize whether your successful trading plan or not? What are your expectations of your systems in different markets? Trends? Consolidation? The high variability?

Each transaction is scheduled precisely. I always know what I should do, and therefore should not consider the options in the trade. All the scenarios are played before the open position and if a situation arises in which I was not ready, then I know that something was wrong with my plan and I am therefore looking for their mistakes. Since I am not tied to just one market, rather I have a range of different and unrelated markets, I always find a bargain, which I am interested.

What clients do you prefer?

I prefer clients who have some knowledge of markets, who knows that the decline in trade is inevitable, and who will not suddenly panic. The client must be patient and able to assess market risks.

Who are your customers? What are your goals? What services do you offer your customers? Your customers, for example, tend to diversify when you entrust your money?

Currently, I am wealthy private investors, however, my trading history is connected with institutional investors and when there is a good opportunity, they transfer me to new investors. The client requires some diversification, which seemed to them a variety of markets and trading strategies.

You are trading money for its customers: what risks they take? When they take their money?

My clients are ready to take the risk of 12-15%, however, with losses of 20%, they collect their money.

What should you make a profit for its customers to earn their admiration?

Customer covers euphoria with profits of more than 35%, and always difficult to achieve such results in the following year with the same risk parameters.

What is your fee? How much is deducted in a month or a year from the customer's account? And how high must be a profit to the client still remains happy despite these payments?

There are currently paid for the work of 25%, but there is no fee for the administration. Since there is only paid for the work, the money paid only from profits. This is effective on a monthly basis. Profit should be in the region of 27-30%, so that the client had income 20%. As long as these profits are achieved, the client is willing to pay a fee.

How high your trading opportunities? How do you achieve this? What do you do once it is achieved? Whether it is your trade?

Trading opportunities are approximately 100 million Euro. In the event of further increases in capital, the existing fund will be closed and will open a new fund. What's the worst that can happen in your relationships with customers, and what you do to avoid this?

The worst - it damages more than 20% of which were fatal, and to avoid this, I keep risks at a very low level.

What do you do in the event of a large income or capital, on the contrary, his retirement?

Deposits of up to 100 million dollars does not represent any problem. Large seizures do not pose a threat to the trading system, simply reduced trading volume.

Which markets do you sell? They are susceptible to specialization? Sell only on the liquidity, or also to the low liquidity of markets?

The portfolio consists of currency and stocks, which are regularly traded. There is no specialization in one market. Each of these markets are very liquid, the requirement for risk management is carried out, because you can work with very close stop-orders. At low liquid markets may be problems with the precise execution of orders.

As regarding the entrance into the market and how is it important?

Entrance to the market is only a small part of overall strategy. If I concentrate all their energies only on the point of entry, I have already lost. Much more important - this is a professional money management and risk, as well as overall management of commercial business. Entry point is almost insignificant.

What are the initial levels of stop-orders are you using? If they work, you quickly re-enter the market in order to use the slightest market movement?

Typically, no more than 1% of capital at the level of risk for foreign exchange transactions. Since the shares are slightly higher - 1.5%. If my stop-order and worked, this means that a change in trend has not yet happened and so I look forward to a new signal input. I re-enter the market, only if you receive a different signal, which indicated a change of trend.

How do you plan to profit zone - different levels for the stop orders, and its goal of profit? Contrary to the normal view, to whether you need to put more emphasis on the method of entry and stop orders?

I do not limit their profits if the market moves in my direction, I quickly increase its position to profit from such traffic. Naturally, there are always concerns about how far the market will move. Despite this, I do not limit their profits. My stop-order and placed in line with the graphic techniques and, depending on market volatility. When my stop-order and worked, trade is completed.

What are you doing for the management of money?

As I said, in the currency markets, I risk a maximum of 1% of the commercial capital, and with the shares - 1.5%. Stop orders are not permanently mounted on 1% of the commercial capital. It is very important. Stop orders are calculated according to the graphical techniques used in combination with the volatility of the market. When I know the value, I calculate the amount of the position according to the maximum risk.

www.aktienboard.com

Secrets of success of Mr. Bill

There are some similarities among those who succeed in life and has reached a certain level of excellence in their chosen field. Success is determined not by monetary standards, but rather the level of happiness, personal fulfillment and excellence in their profession. Mr Bill has reached the highest level. It is not a trader, but if you replace the word "trade" the word "coach", the lessons of m-ra Bill will be a perfect recipe for success in the markets.

Mr. Bill is a personal trainer, who discovered the secrets of health, happiness and creating excellent shape. Some of his clients are Olympic athletes who remain loyal Dr. m-Bill for many years. And there is reason - his philosophy on the importance of building a good foundation has helped its clients to win Olympic medals! Dr. Bill M-well beyond 60, but he has a body like a Jack LaLeyna and acuteness of mind like Ioda. Let's hear the man who said that the first thing that he does the morning - so get out of bed with a smile on his face, because it is an appropriate way to positively disposed to the whole day.

M-p, Bill said that a good foundation - it is the key to everything, whether it be bodybuilding or trading in the markets. How can you begin the path to achieving the levels of competence, not to mention skill, if you do not start with the base of the basic principles of training? In any field, if something is being done hurriedly, then find any cracks in the foundations, sooner or later, and inevitably you will return back.

I m Mr. Bill has a lot of words of wisdom, whom he could share with us to build a good foundation. To begin with, should be a strong methodology used in constructing the foundation and the methodology should be accompanied by a sequence. For example, when treniruesh body, it is important that the group of muscles to work in a certain order, because the blood flows from one group to the next. There is a rationale for everything, even if the results are not visible for a while. A good foundation is built on the fundamentals - the basic exercises for major muscle groups. And in applying this framework, the main thing is the proper technique. If you have the proper equipment that you do, you will be able to reach twice as much for half the time.

This definitely applies to the basic fundamentals of the markets. In the trade, keep the main core group of graphic models or strategies in which you sell. They must be built on the basic principles of price, because it is something that is intact. Follow their trade up program, using appropriate technology to manage their transactions. Proper technique is the equivalent of good habits. Even though the trader may not see immediate results from the following methodical approach to managing money, this is the good habits that will ultimately allow the trader to climb to a higher level, using a better balance and leverage. This is a good foundation and habits, which give the trader the confidence that his goals are achievable.

The rituals are the main tool used to achieve consistency. However, the rituals - this is not the only tool, they are also way of life! M-p, Bill has a ritual for almost all, starting with how you wake up. First breetes, then clean your teeth, etc. the same order each day. M-r 2,5 hours, Bill has a ritual before he starts training its first customer for the gymnastics. Please check your email, browse the morning news, and, of course, leave enough time to get to his "gymnastic room" that there was no hurry! In addition to the creation of a methodical approach to everything, rituals offer real help for the liberation of consciousness from stress, trouble, and negative thoughts.

M-r Bill states that the compilation and preservation of the report is an essential part of building a good foundation. (Sound familiar to success in the markets?) It keeps the course of each exercise, weights, repetitions and minutes that are suitable for each of its clients. He drew attention to every detail, the withdrawal or rejection. If a customer has a specific problem, he thinks about that night, and allow your conscience to think of creative solutions, while he sleeps. It seeks to achieve maximum progress for each of its customers. It is even more dotoshen in his personal preparation of the report, including everything from personal relationships to food and finances.

Think about the conduct of the report as yet another form of ritual. It is also a tool that helps you stay focused and take control of areas that are prone to distraction. This is also the main instrument used to monitor compliance. Each first-class athlete is a detailed account of his physical condition and his progress. There is no reason why a trader can not be a detailed account of its trade.

Saving the report allows you to track your progress in achieving your goals. If your goal is not stated, the m-p, Bill said that they cost you nothing. Once you write something, this is the first step towards undertaking. Record your goals firmly implements them into the unconscious, and less likely that you change them. You wrote down your goals for this year? How about to start with creating and maintaining a sound foundation for your trading program!

M-r Bill proposes to examine how adequately Outlining things in his daily. As soon as it is scheduled, it becomes part of your routine and quickly integrates into rituals. M-p, Bill said that if you do not envisages something like a regular visit to the gym, too easy to talk ourselves from it or defer. So, learn how to partition the time to compile your report and the preparation time needed to work the next day. There should be no reflection and no doubt when the time is ripe for the necessary preparations for the sale the next day. You will be satisfied, making the ritual part of your routine of the day, when you see that it helps you to begin trading day, feeling completely ready and kept things under control.

M-p, Bill said that if you KONTSENTRIRUETES on some muscle, you work and give it all your attention, it helps it grow faster. Concentration, in addition to a consistent methodology is a key component of a good foundation. Study to focus on certain tasks. When you deal in, or management positions, all your attention should be riveted to the occupation. With practice, it becomes easier to eliminate distracting thoughts.

M-p, Bill believes that all starts with positive thinking! It is not always adhered to that position. He drank heavily and smoked a lot until one day - 20 years ago when it just came out and said that ALL ENOUGH! He weighed 135 pounds at a time (and it is high man!) Now he had a more energy than people half his younger. This man loves his life! He said that his biggest secret - it is positive thinking. He starts his day with the words: "No negative thoughts today." He did not develop any negative thoughts. If it occurs in his consciousness, he or keep it turns positive. And he argues that there are some days now, when no negative thinking does not come into his head.

Exercise is one of the easiest areas in which you can quickly start to feel good. As you become more experienced, you get the strength and confidence. Everything then comes out. You will have more healthy food, because your body feels better. Vitamins will become part of your daily ritual. Alcohol and sugar will be less attractive. And you'll spend more time at night for a good sleep, because your muscles need more time to relax, to grow.
This analogy can be applied to commercial businesses. When the proper homework and preparations were made at the end of each day, we are in a stronger position, since the next trading day. The first few successful transactions will meet the taste, from the management of well-designed program, which in turn increases the incentive to continue to remove all the distraction and wasted time spent. Just as a person who participates in a regular exercise program, begin to establish a more natural goal, a man who begins to follow a consistent program of trade will also be set higher goals, like one day the successful management of money or seek to achieve continuous new highs on the account.

Remember the lessons of m-Dr Bill about the importance of a good foundation, which will begin the new year: keep the foundations, methodology, follow, be consistent, using rituals to achieve consistency, concentrating on his form and technique, write down your goals, enter the account of his promotion, and above all practice positive thinking!

www.lbrgroup.com

Writing Experts for MetaTrader. Lesson number 22

Hello, dear readers. I again had many questions and we explain them.

Question - Answer

"... I am writing a custom indicator of gistogramy, how do I do that would, in one case, the raw bar has a single color, and in each other ?..."
As I understood from the letter, if the indicator "hosts" on one condition it risutsya one color if the other (not "pass" for the past), then the other.

To do this we will use both the array indicator. As is known, we can define different arrays, different color, so to display an indicator, we will show its value in one array to another.

if CONDITION SetIndexValue (shift, ind) else SetIndexValue2 (shift, ind2);

"... In my nominee you want to enter the market through a specified number of bars since the conditions of entry, rather it is necessary to do re-scan as it can be done ..."

This point can be done in two ways.
The first method.

As a nominee, the external variable specified time frame to which is attached expert. For example, if the trade is conducted in H1, the variable, eg, timeframe (3600), ie 3600 seconds-1 hour. As a nominee in the fulfillment of the conditions pervnogo keep the current time (t1 = curtime), and then to test the use of such links:

if curtime-t1> timeframe * N then {................

curtime - number of seconds since 0 hours, 1 January 1970.
t1-value curtime N seconds ago
N-number of bars needed

The second way.

The second method is more versatile. The first condition in a variable, for example, Barr kept the current number of bars, bars, Barr = bars.

if Barr + N> = bars then {.......

N-number of bars needed

"... How to make a custom display to show 3 lines? .."

If you ispolzute indicator in a new window, ie, not in the window with the price, it does. MT is currently only supports 2 data set of user indicator.

If the indicator is used in one window with the prices, you can write some (broken down into a few) indicators and use them odnovremmenno.

"... I wrote a custom indicator, it works, but is not in the whole history of quotations. Why ?..."

The point is that complex custom indicators with a serious calculation "suspend" MT. Such indicators may be quite DOT brake, if it occurs, would be appropriate to limit the display indikatra in the last N bars. If you want to test ishoriyu with the use of this indicator, it is better to embed it in an expert.

In any case, limiting the display of the indicator would look like this:

For shift = 0 To Nbars Begin

or so

For shift = Nbars Downto 0 Begin

"... My expert is sometimes a very long time trying to open a position, and sometimes opens immediately. Why does it happen ?..."

The function of the installation warrants, the fourth parameter is the parameter "slippage".

SetOrder (operation, lots, price, slippage, stoploss, takeprofit, color)

It varies the speed and accuracy of performance warrants. Slippage is the maximum allowable slip in order that a warrant would be opened. In a quiet market, for example, for evry possible to use the value of less than 3 points on the U.S. session, better, in my opinion, the use of 3-4 points.

Conclusion

If you have questions about this material, or there are new, be sure to write me and I will try to answer everything.

Halhalyan Arthur
artur@fxtest.ru