Dummies Questions

[Steveo]

Sorry for the questions:

1. I received all the indicators and templates. Thank you.
I understand how to place all the indicators and templates into the MT4 folders. I'm confused on what the current indicators and template we are to use?

2. What time frame are we using on the charts? 1 Hour, 5 Minute

3. The last question is about MB Trader. It would seem to me that before you even attempted to trade that you would need to learn the trading platform inside and out (demo trade). I just downloaded MB Trader. Does MB Trader have an OCO (Order Cancels Other)?

I also noticed that MT4 is not available at EFX. Has anyone received any updates when the MT4 might be available? The reason I ask is if and when the MT4 is up and running I have a script to place OCO trades with the MT4. Reading the past threads it seems speed is a necessity when a trade develops.

Thanks!!

[TheRumpledOne]

1) That depends on what indicators you want to use.

2) That's up to you too.

3) They have TTO orders... pretty much the same thing.

MT4 for MB Trading (EFX is now a part of MBT) is released in beta test. I don't know when the official live launch is scheduled.

[Steveo]

Thanks for your reply.

Do you have any recommendations?

Can you list your favorites?

I noticed a chart with a small meter at the top of the chart.
Actually noticed this on a couple charts.
Can you explain what this is?

Looks like this (sorry I'm a terrible at drawing)


[[[[[[[40%[[[[[[[

Thanks!!

Much appreciated

[Humble]

I guess the idea is to play with them all, get to see how they work and pick what suites your style or what you are looking to do. However if you use the tro_drain_the_banks_rev02.tpl and follow the No Mercy thread, you will see tro's latest effort to help us never lose again.

[TheRumpledOne]

That meter tells you how much time has been used.