Free Heiken Ashi Forex Indicators

MTF_Heiken_Ashi Forex indicator
Heikin-Ashi Candlesticks Forex indicator is based on price data from the current open high low close. Great Heiken Ashi Indicator. In Forex trading market, traders use indicators that they can determine entry and exit position.
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#Heiken Ashi Ma 20.mq4 indicator
The Heiken Ashi is a very powerful Forex indicator that shows the price in a different way than the regular candlestick. Download Heikin Ashi and Smoothed Heikin Ashi Indicator and Template for MetaTrader.
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VininI Const Tick Heiken Ashi R Indicator Forex
Heikin-Ashi is charting technique (which can be even called an indicator) The Heiken Ashi indicator is an application that has gained in popularity recently after being relatively unknown.
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Heiken Ashi Smoothed Indicator
Forex Technical Analysis tool , The Heikin-Ashi Smoothed indicator is used by technical traders to identify a given trend , This indicator should be used in combination with standard candlestick charts or other indicators to provide a better results.
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Heiken Ashi2 Forex Indicator
Usually a type of candlestick chart, the Heikin Ashi Forex Indicator is available on some charting packages as a separate indicator.
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How to Trade Camarilla Pivot Points

The calculation formula of Camarilla Pivot Points provides considerably closer levels than other pivot variations calculation formula, leading to a more Forex trading activity than other types of this popular Forex technical support and resistance indicator.

This Camarilla Pivot points indicator is thought to produce Forex traders with not only a managing risk, but also a method of entering trades.

Risk Management

A easy calculation formula can help Forex traders use the market price data from the previous oeriod can be defined as an month, week, day or hour with a variations in between.

With Camarilla Pivots, Forex short-term traders will see at the daily chart. If market price touch the 3rd level of support or resistance level, many Forex traders feel the opportunity of a reversal may be commonly look at the daily variety.
When price approaches the 3rd level of support or resistance, many traders feel the chance of a reversal may be imminent. As such , those forex traders will often see to profit taking at these levels when met while in a winning position.

Reversals moving at the S3 and R3 camarilla Pivot, Forex traders also feel that when the 4ht level of support and resistance level is touch the potential for a breakout may be increased. Forex traders would want to contain the damage of wrong trades when these levels get hit on losing trades, finding to place stops just outside of these prices.

Woe to trading Camarilla Reversal

Since Forex traders feel the potential for a breakout may increase if the daily R3 or S3 camarilla pivot i hit. Forex traders may find to short while Forex traders find to long at $53.

This camarilla Pivot points can be helpful if being done in consideration of longer term trends. Forex traders can combine multiple time frame analysis to have a bigger picture view on the meaning of interaction with Support and resistance levels.

When a Forex trader analyze a longer term bullish trend that forex traders would like to long cheaply ; Forex traders may wait until market price touches the daily S3 camarilla Pivot point to do so. An vise versal , in which the Forex trader finds to short if market price rises to the daily R3 camarilla Pivot.

How to trading breakout using camarilla pivot point
When market price touches the 4th level of support or resistance, something big may be happening in the Forex market that is being traded. Forex traders will find at crosses with the S4 and R4 leverls an an chance for trading a breakout,

How to trade with Moving Average

Moving Average indicator is One of the first Forex technical indicators that Forex traders will often learn. Moving Average indicator technical is easy to understand and to calculate. A Moving Average indicator Forex is simple the last x period's market price divided by the number of periods.

Many Forex traders will take the Forex indicator's usage much further; analyzing that when price cross with a moving average indicator. Or maybe Forex traders will imagine that if 2 Moving Averages Forex indicator crossover, some unique event take place. The basic usage of a moving average Forex indicator is to modulate market price. There are different kinds and flairs of moving average indicator. Some came about out of Forex trader necessity ; others came about from Forex traders simply using to make a better wheel. Simple moving average is the most basic moving average trading indicator. Forex traders will use different periods for moving average indicator Forex for a many reasons. 200 period Simple moving average indicator Forex is the most common moving average indicator, and many Forex traders like to use this to the daily period chart. It's of the belief that most trading participants ; forex dealer, hedge funds, banks and etc. use moving average indicator. And these participants keep their trading strategies and practices proprietary.

The Forex chart below will show some of the interesting market price action that can rake place with the 200 SMA traded to a daily chart. Many Forex traders also like to trade the 50 SMA. 50 Simple Moving Average is thought to be a faster moving average indicator, & the main effect is that 50 period moving average will be more responsive indicator.


Some Forex trades combine numbers from the Fibonacci as moving average indicator forex input periods are 10, 20, and 100 settings.

Many Forex traders think recent market price changes to be more relevant than older price, the exponential Moving average Forex indicator will place more importance on recent price. Since more newest market price are weighed than older market price, the moving average indicator becomes more adaptive to the newest market price movement. In the chart below, we will compare the exponential moving average indicator Forex and 200 simple moving average indicator Forex.

A comparison of simple moving average and exponential moving average determining market trends with moving average forex indicator.

The most common purpose of the moving average indicator is define market trends. When market price action trading above its moving average indicator, forex traders can consider the market chart to be trading an uptrend.

And when market price action trading below its moving average indicator, Forex traders can consider the market chart to be trading an downtrend.


Moving average forex indicator as support and resistance

In the chart above of the 200 MA , Forex traders will find to Moving average indicator Forex intersections as chances to open buy position or open sell position. And the though being that while an bullish trend takes a break by moving lower , down to its average, forex traders can jump in while price is relative low.

Moving Average crossover
When two moving average indicators cross, something may happen. The crossover often traded to in the financial press is simply the 50 moving average crossing the 200 moving average. When crossover happens , some believe that market price will continue moving in the direction of the crossover.




previous post Forex trading opposing trend

Forex Trading Opposing Trends

Often Forex traders say that they have a difficult time determining an bullish trend within a bearish trend or a bearish trend within an bullish trend for that matter.

The overriding Forex trend on this GBPCAD 4 hour time frame chart is represented by the blacktrend line. As Forex trend line resistance is moving down, it shows that Forex market price action on this Forex chart is moving down. We can also say the currency pair is in a bearish trend as it has been making lower highs and lower lows.

Within this bearish trend , there are several blue arrows that show bullish trend, up moves against the bearish trend. Even though some of these trades against the trend are strong, the overall bearish trend prevails.

Since as Forex trend traders we want to trade in the direction of the main trend, we wold ignore the trades against the main trend and only take moves to the bearish direction based on the chart above as these would be the bigger opportunity trades.

Forex school part 254 Stop Loss? What's That?

Stop Loss? What's That?

Let's face it. The market will always do what it wants to do, and move the way it wants to move. Every day is a new challenge, and almost anything from global politics, major economic events, to central bank rumors can turn currency prices one way or another faster than you can snap your fingers.

This means that each and every one of us will eventually take a position on the wrong side of a market move.

Being in a losing position is inevitable, but we can control what we do when we're caught in that situation. You can either cut your loss quickly or you can ride it in hopes of the market moving back in your favor.

Of course, that one time it doesn't turn your way could blow out your account and end your budding trading career in a flash.

The saying, "Live to trade another day!" should be the motto of every trader on newbie island  because the longer you can survive, the more you can learn, gain experience, and increase your chances of success.

This makes the trade management technique of "stop losses" a crucial skill and tool in a trader's toolbox.

Having a predetermined point of exiting a losing trade not only provides the benefit of cutting losses so that you may move on to new opportunities, but it also eliminates the anxiety caused by being in a losing trade without a plan.

Less stress is good, right? Of course it is, so let's move on to different ways to cut 'em losses quick!

Now before we get into stop loss techniques, we have to go through the first rule of setting stops.

Your stop loss point should be the "invalidation point" of your trading idea.

When price hits this point, it should signal to you "It's time to get out buddy!"

In the next section, we'll discuss the many different ways of setting stops.

There are four methods you can choose from:

1. Equity stop
2. Volatility stop
3. Chart stop
4. Time stop

Ready? Let's get started!

Forex school part 253 Summary: Position Sizing

Summary: Position Sizing

After journeying across the globe with Newbie Ned, and through some basic position sizing examples, you're well on your way to becoming a seasoned risk manager.

Now knowing how to set the correct position sizes is only a part of what it takes to become a pro at risk management.

The other part is discipline.

Stick to your stops and pre-determined risk comfort levels and you'll be sure to have enough after your losses to take advantage of profitable opportunities.

Finally, we know that you won't always have a calculator handy or a position sizing feature included with your trading platform,you  have decided to take it upon ourselves and have built a handy-dandy position sizing calculator for you!

Bam! Aren't we cool? C'mon... Time to start a slow clap... Okay, nevermind.

Use the calculator if you need it...

Actually, use it first every single time you decide to put a trade on.

As the old adage goes, "Better be safe than sorry!"

Forex school part 252 Complex Position Sizing

Complex Position Sizing

In this lesson, we'll teach you how to calculate for pairs in which your account denomination isn't one of currencies in the pair currency pair that you wanna trade.

Account Denomination is not in the Currency Pair traded, but the same as the Conversion Pair's Counter Currency.

Ned is back in the U.S., (we think that he's actually a super spy just like Forex ninja, traveling and saving the world in his free time) and today he decides to trade EUR/GBP with a 200 pip stop. To find the correct position size, we need to find the value of Ned's risk in British Pounds.

Remember, the value of a currency pair is in the counter currency.

Okay let's straighten things out here. He's back trading with his U.S. broker selling EUR/GBP and he only wants to risk 1% of his USD 5,000 account, or USD 50.

To find the correct position size in this situation, we need the GBP/USD exchange rate. Let's use 1.7500 and because his account is in USD, we need to invert that exchange rate to find the proper amount in British Pounds.

USD 50 * (GBP 1/USD 1.7500) = GBP 28.57

Now, we just finish the rest the same way as the other examples. Divide by the stop loss in pips:

(GBP 28.57)/(200 pips) = GBP 0.14 per pip

And finally, multiply by the known unit-to-pip value ratio:

(GBP 0.14 per pip) * [(10k units of EUR/GBP)/(GBP 1 per pip)] = approximately 1,429 units of EUR/GBP

Ned can sell no more than 1,429 units of EUR/GBP to stay within his pre-determined risk levels.

Account Denomination is not in the Currency Pair traded, but the same as the Conversion Pair's Base Currency.

Ned decides to go snowboarding in Switzerland, and in between a couple of double black diamond runs, he opens up his trading account on his super spy phone with a local FX broker. He sees a great setup on CHF/JPY, and he has decided that he will get out of the trade if it goes beyond a major resistance level--about 100 pips against him. Ned will only risk the usual 1% of his CHF 5,000 account or CHF 50.

First, we need to find the value of CHF 50 in Japanese yen, and since the account is the same denomination as the conversion pair's base currency, all we have to do is multiply the amount risked by CHF/JPY exchange rate (85.00):

CHF 50 * (JPY 85.00/ CHF 1) = JPY 4,250

Now, we just finish the rest the same way as the other examples. Divide by the stop loss in pips:

JPY 4,250/100 pips = JPY 42.50 per pip

And finally, multiply by a known unit-to-pip value ratio:

JPY 42.50 per pip * [(100 units of CHF/JPY)/(JPY 1 per pip)] = approximately 4,250 units of CHF/JPY

Shabam! There you have it!

Ned can trade no more than 4,250 units of CHF/JPY to keep his loss at CHF 50 or less.

Forex school part 251 Calculating Position Sizes

Calculating Position Sizes

To make things easier for you to understand, as usual, we'll be explaining everything with an example.

This is Newbie Ned.

Long time ago, back when he was even more of a newbie than he is now, he blew out his account because he put on some enormous positions.

It was as if he was a gun slinging cowboy from the Midwest - he traded from the hip and traded BIG.

Ned didn't fully understand the importance of position sizing and his account paid dearly for it.

He re-enrolled into the  school of pipology  to make sure that he understands it fully this time, and to make sure what happened to him never happens to you!

In the following examples, we'll show you how to calculate your position size based on your account size and risk comfort level.

Your position size will also depend on whether or not your account denomination is the same as the base or quote currency.

Account Denomination the same as the Counter Currency

Newbie Ned just deposited USD 5,000 into his trading account and he is ready to start trading again. Let's say he now uses a swing trading system that trades EUR/USD and that he risks about 200 pips per trade.

Ever since he blew out his first account, he has now sworn that he doesn't want to risk more than 1% of his account per trade. Let's figure how big his position size needs to be to stay within his risk comfort zone.

Using his account balance and the percentage amount he wants to risk, we can calculate the dollar amount risked.

USD 5,000 x 1% (or 0.01) = USD 50

Next we divide the amount risked by the stop to find the value per pip.

(USD 50)/(200 pips) = USD 0.25/pip

Lastly, we multiply the value per pip by a known unit/pip value ratio of EUR/USD. In this case, with 10k units (or one mini lot), each pip move is worth USD 1.

USD 0.25 per pip * ((10k units of EUR/USD)/(USD 1 per pip)) = 2,500 units of EUR/USD

So, Newbie Ned should put on 2,500 units of EUR/USD or less to stay within his risk comfort level with his current trade setup.

Pretty simple eh? But what if your account is the same as the base currency?

Account Denomination the same as Base Currency

Let's say Ned is now chilling in the euro zone, decides to trade forex with a local broker, and deposits EUR 5,000.

Using the same trade example as before (trading EUR/USD with a 200 pip stop) what would his position size be if he only risked 1% of his account?

EUR 5,000 * 1% (or 0.01) = EUR 50

Now we have to convert this to USD because the value of a currency pair is calculated by the counter currency. Let's say the current exchange rate for 1 EUR is $1.5000 (EUR/USD = 1.5000).

All we have to do to find the value in USD is invert the current exchange rate for EUR/USD and multiply by the amount of euros we wish to risk.

(USD 1.5000/EUR 1.0000) * EUR 50 = approx. USD 75.00

Next, divide your risk in USD by your stop loss in pips:

(USD 75.00)/(200 pips) = $0.375 a pip move.

This gives Ned the "value per pip" move with a 200 pip stop to stay within his risk comfort level.

Finally, multiply the value per pip move by the known unit-to-pip value ratio: 
(USD 0.375 per pip) * [(10k units of EUR/USD)/USD1 per pip)] = 3,750 units of EUR/USD

So, to risk EUR 50 or less on a 200 pip stop on EUR/USD, Ned's position size can be no bigger than 3,750 units.

Still pretty simple, eh?

Well now it gets slightly more complicated.

Don't worry though. The FX Men got yo' back and we'll explain everything so it'll become as easy as baking a cake.

Forex school part 250 The Importance of Correct Position Sizes

The Importance of Correct Position Sizes

Now that we've learned the hard lesson of trading too big, let's get into how to correctly use leverage using proper "position sizing."

Position sizing is setting the correct amount of units to buy or sell of currency pair.

It is one of the most crucial skills in a trader's skill set.

Actually, we'll go ahead and say it is THE most important skill.

Traders are "risk managers" first and foremost, so before you start trading real money you should be able to do basic position size calculations in your sleep... or at least after you wake up, still groggy, and try to trade the NFP report!

Finding the position size that will keep you within your risk comfort level is relatively easy...and we use the phrase "relatively easy" loosely here. Besides, if Pipcrawler, who can't tell his pinkies from his toes, can do it, then you can too!

Depending on the currency pair you are trading and your account denomination (is your account in dollars, euros, pounds, etc??), a step or two needs to be added to the calculation.

Now, before we can get our math on, we need five pieces of information:

1. Account equity or balance
2. Currency pair you are trading
3. The percent of your account you wish to risk
4. Stop loss in pips
5. Conversion currency pair exchange rates

Easy enough right? Let's move on to a few examples.

Forex school part 249 Don't Underestimate Leverage

Don't Underestimate Leverage

Most beginners underestimate the potentially devastating damage leverage can wreak on their accounts. Understanding leverage enough to know when to use it and when NOT to use it is critical to your success!

Leverage is a very powerful tool but both old and new traders use it to destroy their trading capital simply because they take its destructive force too lightly or ignore it altogether. It's a pity, but the more of them there are, the easier it is for us smart traders to make money. Sad but true.

Always keep in mind these words from a famous superhero: With great power comes great responsibility. Or something to that effect. Come on, we know you've seen that movie. Here's a clue:

Get it?

Anyway, high leverage is a favorite selling point for most forex brokers. Yes they pitch that you can make a huge killing using huge leverage, but also know that you could easily be killed by huge leverage as well.

Brokers want you to trade with a short-term mindset. They want you to trade as much as possible as often as possible. It's the only way they make money. One or two pips are important to them. The more you trade the more they make on the spread. It's not in their best interest to tell you to let your trades run longer than the same day.

If you want to give yourself the best chance to succeed, first learn to trade profitably without leverage.

Play it safe. Protect your capital.

When you can consistently make more pips more than you lose then, and only then, should you use unleash this weapon of mass destruction called leverage.

Destroy traders (or your broker) taking the opposite side of your trade. Don't destroy yourself.

Forex trading should be treated as a job or business. Don't think that just because brokers allow you to use high leverage with a low minimum deposit that you can "make a quick " or "get rich quick". Approach the currency markets with respect.

Be realistic in your expectations and be willing to properly educate yourself.
If you don't, you will die.

Okay, not really, but your account will die.