How to be a MOnster

[MightyOne]

What does it mean "The M30 makes 2 or 3 lines"?

Thank you much MO, this post helps a lot

H1 is one size, H4 is another size, (and so on), but the distance to each line is the same amount of money.

All that I am saying is that 2 or 3 lines are made at H1 size ('small chart' size) and then you take partial profits and make lines at the new size.

Again, you only continue to do this until you are sized to your trade chart (H4+ price level).

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[Mira]

What does it mean "The M30 makes 2 or 3 lines"?

Thank you much MO, this post helps a lot

H1 is one size, H4 is another size, (and so on), but the distance to each line is the same amount of money.

All that I am saying is that 2 or 3 lines are made at H1 size ('small chart' size) and then you take partial profits and make lines at the new size.

Again, you only continue to do this until you are sized to your trade chart (H4+ price level).

EURUSDH1.png

Thanks MO! Now I got it.

I forgot how big bars close is simple and powerful and now that I have a basic idea of pattern&breakout I could do better than some months ago

Thank you much

[Mira]

OUCH!

My first attempt wasn’t so good today, no real momentum in.

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[Mira]

It went better with this

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[MightyOne]

%$ displays the price level to the right of the line.

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[Mira]

%$ displays the price level to the right of the line.

for_Mira.png

You changed my life

Thanks! MO, how do you space the fibo?

[MightyOne]

%$ displays the price level to the right of the line.

for_Mira.png

You changed my life

Thanks! MO, how do you space the fibo?

Same as before: 38.2 to 40% of the hourly ATR multiplied by 2 for H4, 4 for D1, and so on.

Go to the parameters tab and set the lower value to an even number like 1.1750 and then just add 5.7 or whatever to it (1.17557)
(H4 is then 1.17614 and so on)

Now simply move the fibo tool to where you want it and trade.

[salezyakuku]

Small script to adjust fibo lines to TF (40% H1). (MQL/Scripts)

You can setup Hot Key in navigator for faster usage .

[Mira]

Small script to adjust fibo lines to TF (40% H1). (MQL/Scripts)

You can setup Hot Key in navigator for faster usage .

Thank you much

[Mira]

Very fast drop

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