Jude

Thanks for sharing. I'll have it tested and let you know again!

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JoseLeon

Jude,
if you added FFcal indicator to your mt4 please delete it now, forexfactory is going bad (sometimes I see username and password to enter) and that indicator was getting the recent news from this website. It seems that they are having problems in its server.

If not your mt4 can crash.
Regards.

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Jude

Roger, will delete it

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Meltan

Hi Jose,
There's a version 5 of the FFCal indicator over at FF Calendar Indicator for MT - Page 3 - Forex Trading. Seem to work fine.

comdoc

Jose, thanks for the All in One indicator link. I copied it, and want to install in MT4...but when I put in indicators folder, it shows as a text file (I saved into WordPad). How do I convert to a mq4 file?

Jude

comdoc, just change the extensions of the .txt file into .mp4. Which OS are you using? XP or Vista?

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comdoc

mp4? I tried changing to mq4, but it didnt work. XP. Thanks. I copied everything from top to bottom.

JoseLeon

Click archive and save it as mq4 extension, then place it into your folders Broker\experts\indicators\ , reboot your mt4 and then click on Insert-Indicators- Custom Indicators - thenameoftheindicator

That´s how you install indicators in mt4. I don´t use this indicator (in fact I don´t use anyone), it was long time ago when I posted about it, but good luck.

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jazzz

Forex pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. They work simply because many individual forex traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market.

Floor traders love pivot points. They act as magnet for price movements
If you observe how price move during any trading session, you'll notice that price often stalls or stops at pivot points before resuming its movement. To calculate daily forex pivot points you need High, Low, and Close Price of the previous day. Simply set these three prices in the Forex Pivot Point Calculator and it will give the values.

http://www.finexo.com/pivotCalculator

Regards

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jazzz

You should only take trades in and around pivot points – not in between, as stated previously. When price action centers around a pivot point, then take a look at the five minute to see what's going on behind the scenes. Because, you should have been focused on only the 15 min up to the point of price interaction with the pivot point. Now, you want to pay attention to what price has up its sleeve. In the above example (40), price faked out unsuspecting trades when it trended up through the main pivot point, only to tank as it did a price rejection bar on the 15 min chart. Of course, you wouldn't have seen this coming if you were only looking at the 15 min. You would have seen the price reversal on the 5 min, and been ready to head south with price.

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