MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » Beginners Forum

[Heywood U. Cudd]

Hi,

I'm a beginner to forex and have bought a few ebooks from rapidforex.com, and someone sent me an indicator to use with metatrader 3.83.

Problem is with the indicator he sent me you have to watch it every minute of the week. Same seems to be with rapidforex strategies.

Obviously I can't quit my job and jump right in, so is there a way to automate the trading process for that indicator, or are there any recommendations as to what I should do?

Thanks,

Brian

[TraderABC]

First of all backtest it over the history and then decide.

[elmagd2000]

Metatrader can do the whole job by an expert (mechanical system). In this case pc will be always on.

Hani

[Heywood U. Cudd]

Hi,

I did some back testing. Wasn't sure if there was another way to do it so I just scrolled through the chart looking for all the indicators. For some reason the earliest I got was Aug 8th. When I got the indicator I was told to use GBP/USD 15 minute chart.

Here is the log I made.

Thanks


Aug 8th 11:15
Buy 1.7768

Aug 17th 09:15
Sell 1.8052

.0284
-----------------------------------------

Aug 17th 09:15
Sell 1.8052

Aug 22nd 07:30
Buy 1.7980

.0072
-----------------------------------------

Aug 22nd 07:30
Buy 1.7980

Aug 24th 06:45
Sell 1.7969

-.0011
-----------------------------------------

Aug 24th 06:45
Sell 1.7969

Aug 24th 16:15
Buy 1.7990

-.0021
-----------------------------------------

Aug 24th 16:15
Buy 1.7990

No sell Signal Yet

[Heywood U. Cudd]

Don't you need experience in scripting for expert?

I just need a method to get me going until I can do this full time.

[Heywood U. Cudd]

Do managed forex accounts work, like allforexsignals?