Custom Sound Alarm Indicator for MT4

If your indicator support alarm,you can setup this sound files to modify.Extract files and place into folder "Sound" in your MT4 folder.

Enjoy your MT4 as like enjoy music player!..Because you can looking for more alarms to modify this feature.

How to download click here

The Beast Trading Forex System and EA

Remember: this is an H1 trading system. Trading the lower time frames is a waste of time; trading the higher buggers up The Beast's calculations.

The Beast has two trading systems:

1. A retrace system based on an idea by MacMan.
 It uses a “sixths-line” calculation to find optimum Entry and Exit points calculated from bar history for individual pairs.These calculations produce 5 horizontal lines which are automatically plotted on
your chart for you; these lines are then used by The Beast for Entries and Exits.The bar history is recalculated at every new bar - enough movement and you get new Entry and Exit points; any unfilled pending orders are moved in line with the new Sixths values.

2. A trend-following system that trades out of the box created around the middle white line.

Relevant User Inputs are in red; brief descriptions of important inputs are in blue.

The Beast Trading Forex System and EA
Click to enlarge

sixths by ChaserL.mq4
SIXTHS SCREEN VER 3.6_DC auto BarCount.mq4
The Beast With Hanover.mq4
The Beast.mq4
Margin level hedge monitor EA

How to download click here

Auto Fibo Trade Zone Indicator

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This is beautiful Fibo indicator
It shows Fibo line for different Time Frame.
Red area is overbought
Blue area is oversold Area

How to download click here

How To Trade S+R Lines

Depending on your account size and weekly goals you can trade S+R lines a few different ways. Close Full Position At Target: The simplest way to handle the trade is to set a target of 70 pips and close out the full position once the target is reached. The 70 pip target is always 70 pips from the S+R line not from your entry. So for example if you have a S+R line on GBP/JPY at 218.00 and you are entering a long break you target 218.70. As soon as you see the candle reach the 218.70 point on your chart you close. If you enter a short at 215.00 your exit target would be 214.30. As soon as the candle hits 214.30 on the chart you exit. This is by far the easiest way to trade S+R line breaks.

Lock In And Target More: When you first enter you target 70 pips from the line just like the method above. When your target is reached you only close out half your position. You then move your stop loss to break even and try to target more with the second half. If it reverses and your stop is hit you will be stopped out at break even and lose nothing on the second half. You will have gained 70 pips on the first half of you position and 0 on the second half. If however the second half continues to move in the direction of the break that second half can make you 100-200 pips or maybe even more.

Personally I use the second method but I am beginning to phase it out. Closing the position with 70 pips is much easier and safer. After adding up the numbers it seems that the ‘lock in and target more’ way of handling trades makes about the same amount of pips as the easier ‘close full position at target’. So there really is no advantage to only closing out half and trying to target more with the second half.

Money Grid EA V4 FULL non Hedge and worked

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I just tried it in Demo and worked.I can't provide manual guide for this download.So there is no more description how it worked in Life account such as setting up this EA.

How to download click here

Trading with Advanced CandleStick Strategy Part 9

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Secondly, a much better way for a line to regain its strength is for the line to completely reject the price. If you look at the picture below you see a range stuck on the line (highlighted in red), and a strong reversal from the line (highlighted in blue). The bounce from the line immediately makes it tradable again. You should be looking for the same kind of ‘V’ or ‘U’ shape in order to identify a scalp line.
Click to Enlarge

You should also take into consideration the strength of the bounce. If it is a very weak bounce, it is not significant. I want to see a strong move towards the line, a bounce, and a strong move away. There is no exact amount of pips I want it to move, it is a judgment call I make at that time.

Previous Breaks: Every time a line breaks in the same week it gets more and more likely that the next break of the same line will not make for a successful trade. So after the first break, the chance that the second will make for a good trade is less likely, and the third break is even less likely. I will sometimes take the second break of the same line in the same week. I rarely take the third break, and I never take the fourth. I also expect to see at the very least 6 candles, and a 100 pip move between breaks. If there is not 6 candles between the first and second break, or the break of the first did not move at least 150 pips from the line, I will not trade the second.
Click to Enlarge

Taking a look at the chart above we have 4 breaks of the same line in the same week.
1. The first break was a normal S+R line break and I would have entered.
2. The second break had 6 candles in-between breaks and moved at least 100 pips ways so I would have taken it.
3. The third break moved at least 100 pips but we only have three candles between breaks so I would not have traded it.
4. The fourth break I would not have traded because I do not trade the fourth break.

Let’s imagine for a moment that the fourth break was only the second break. I still would not have traded it. Yes it did move 100 pips away, and there are at least 6 candles in-between breaks, but I would not have traded it because the 6 candles are too close to the line. I am looking for the candles to clear the line, stay around at least 100 pips away from it for at least 6 candles, and then come back.

Vicinity to S+R Zone: S+R zones are no trade zones for me. If the line is too close to the S+R zone I will not trade the line break. The general rule is: If the normal target of the line break will take you into the S+R zone it is not tradable. So, if a scalp line is 50 pips or less from an S+R zone it is not tradable. If an S+R line is 70 pips or less away from an S+R zone it is not tradable.

Trading with Advanced CandleStick Strategy Part 8

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When To Enter S+R Line Trades

Line breaks are the main types of entries I use. This style of trading is commonly called Breakout Trading. However, this breakout trading is a little different than most types of breakout trading. The main difference is that I like to use my brain when deciding to enter. I do not robotically enter the moment a line is broken. There are several factors that dictate whether or not I get into a trade, and if I get in to the trade, when I get in.

Candle Movement (momentum): This is probably the main factor in determining whether or not I will enter a trade. Some people have trouble understanding what momentum is so I will try to explain it as best I can. As far as I am concerned it is a simple concept. I believe the people that have trouble understanding momentum are overcomplicating things.

Momentum simply refers to the speed at which the candle is moving. If the candle is moving very fast (moving up/down a few pips at a time without stopping much or at all), then the candle has strong “momentum”. If, instead, the candle is pushing up 1 pip at a time, and every few pips it stalls and reverses slightly, then the candle has weak “momentum”.

So, if a candle with a lot of momentum crosses either a scalp line or an S+R line I will enter right away. I do so because the candle already has momentum and the line break is likely to give it more momentum as new traders jump in. If I hesitate at all it could move 20 or more pips before I manage to enter. If, instead, the candle has very little momentum, and it is slowly crawling its way up/down when it crosses my line, I will hesitate. I do so simply because I do not have much confidence in the strength of the move.
My hope is that the break of the line will give it the momentum it requires to begin to move, but I want to see that momentum first. If as soon as it breaks the line it jumps up 3-5 pips I will probably enter. Sometimes you will find a line is broken by 2 pips and then it completely reverses. This is why I am wary of moves with slow momentum. As a trader, I am trying to protect myself from entering a break that is not really a break.
Determining momentum comes down to the “bulls” and “bears” I talked about before. A bullish candle with a lot of momentum shows that the bulls currently have a lot of power and the bears have very little power. Conversely, a bearish candle with a lot of momentum shows the bears have a lot of power and the bulls have very little. So, if I am looking to enter a Bullish trade and a candle with a lot of momentum crosses my line I know the bulls have power and I enter without hesitation.

Again, using a bullish candle as an example; if the candle is crawling up 1 pip at a time and constantly stalling, it suggests that the bulls currently have more power. However it also suggests the bears are fighting the move and trying to pull the price down. So, if my line is crossed only slightly, I am concerned that the bears can use the barrier the S/R line provides, and gain the upper hand, thus reversing the momentum.
It is essential to remember that every single pip movement represents a struggle between the bulls and bears. Candles are a tool that tell us who is winning that struggle at that moment, this is why it is important to be able to read candles.

Line Strength: Line strength is simple to gauge. If the last time the price approached a line the price got stuck in a range on the line I would be very cautious about trading that line again anytime soon. At best, I would consider the line a very a weak line, but more likely a completely invalid line.
In the picture below, highlighted in red, you can see a range that is stuck on a line. A range like this severely weakens the line. There are two ways the line can recover. First, if price moves well away from the line (200+ pips), and stays away for about a week, I might consider trading the line again.

This is because the line has had time to recover. However, I still consider the line risky because it has not displayed that it has regained is strength. I am only assuming it has. I will probably trade the line, but I will be very cautious in trading it. I might enter with a reduced position, stop loss or both.

Click to enlarge


Trading with Advanced CandleStick Strategy Part 7

Scalp Lines 

<< Prev. Part 6

‘V’ shaped bounce: To be more accurate, the ‘V’ shape can also be an upside down ‘V’. This is the best type of formation as it shows a very sharp and quick bounce.

‘U’ shaped bounce: The ‘U’ shaped bounce looks like the graphic you see below. It can vary a little,
but it remains generally the same.

‘L’ shaped double bounce: L-shaped bounces are weaker lines. To place a scalp line on an L-shaped
bounce, it has to have bounced at least two times from the same line. I personally do allow for 1-3
pips difference. Taking GBP/JPY as an example, if the first bounce is from 212.83 and the second
from 212.80 I will still use it.

Scalp lines can be placed almost anywhere you see one of these types of formations. The only time I would not place a scalp line is if it is too close to an S+R line. I have an imaginary 20 pip boundary on either side of each S+R line, and I do not place my scalp lines there. If any of these bounces form within those 20 pips I just consider it a bounce from the S+R line. If you get a strong bounce from an S+R line, it does not make the S+R line a scalp. If a scalp line gets a lot of bounces, it does not become and S+R line. It just becomes a very strong scalp line. It is important to understand that these lines are two different types of lines and should be treated as such.

Another thing to take note of is how often a scalp line should be placed. Personally, I like to see a minimum of 10 candles between my scalps. For example, if you see two ‘V’ shaped bounces form, as in the picture below, you do not place a scalp line at both price levels. You place the line at the lowest bounce. Of course, you would place it at the highest bounce if it is an upside down ‘V’ shape.

The 10 candle rule functions more as a guideline than a strict rule. You can place a scalp line at every minor bounce you see if you want to. If you do that though, you have to realize that the scalp lines placed on minor bounces are usually much weaker and your trade risk increases. Good scalp lines should be placed at the large, prominent bounces. They should mark the end of a trend. I do not place them at every single tiny bounce. I know this can seem very overwhelming at first, but after a few weeks you will be placing scalp lines like a pro. If you are ever unsure about placing a scalp line, simply ask in the Forex4noobs forum if the line you want to place is in fact a scalp line. In conclusion, placing a scalp line is a simple process of identifying these bounces and then marking them. This is pretty much all I can do to explain how to place scalp lines. The rest is up to you. The best way to learn how to place lines is by placing them. So get to it! As I said above, if you are ever unsure about a line, ask in the Forex4noobs forum or the chat-room.


Trading with Advanced CandleStick Strategy Part 6

Scalp Lines 

What Are Scalp Lines?
Scalp lines are temporary areas of support and resistance. As I have already explained, an S+R line needs to have a lot of history behind it to be useable. A scalp line does not need this same history. Scalp lines are formed by a single, sudden, sharp reversal. If a candle, for any reason, moves to, and then bounces away from a certain point, that point becomes a scalp line. Scalp lines can be used to take 4hr chart scalp trades. A good scalp line will have three essential parts, if a scalp line does not have these three parts I will likely not use it.

Preceding trend: The preceding trend required for a scalp line formation can be as short as a single candle, a single candle would however make for a weak scalp line. Ideally you would want to see a nice strong trend of four or more candles. The bigger and stronger the preceding trend the stronger the scalp line is. In the pics below the preceding trend is show in the blue box.

Bounce Candle: The bounce candle is the lowest point, it does not have to be a reversal candle it is just the lowest point of the trend

Reversal trend: The reversal trend confirms that the point at which the bounce candle stopped has
some strength. If there is no reversal it is hard to say that it is a valid scalp line since

How I place them
Scalp lines are even easier to place than S+R lines. Just about every week you are going to see the price bounce away from random places on the chart. This can be caused by news releases, CB intervention, or other various reasons. All you need to do is identify these bounces and place a line there. Next time the price reaches that level and breaks that line a trade is entered. There are two main types of scalp line formations, and a third weaker type of formation. ‘V’ shaped bounce: To be more accurate, the ‘V’ shape can also be an upside down ‘V’. This is the best type of formation as it shows a very sharp and quick bounce.


Trading with Advanced CandleStick Strategy Part 5

<< Prev part 4.

The next step is to scroll back through your charts and confirm the lines you have placed. Are they historically significant? By historically significant I simply mean that over the past few years has the price bounced away exactly from or near that line? You should be able to see a few bounces just about every time the price is in the area of that line. I usually go back about five years. You do not want to pick too many lines.
You are only looking for the strongest ones. GBP/JPY lines should be a minimum of 100 pips apart. You do not need a line every 100 pips. Place lines only where you find them. In certain areas on my GBP/JPY chart I have about 250 pips between lines, so do not be afraid of large distances between lines. If you start placing weak lines to fill in gaps you will likely start taking bad trades based on those lines.
Remember, you want lines that the most traders will observing as valid S/R lines. There isn’t much more to say about the process of placing lines. It may seem like a daunting task at first, but with practice you will find that it is extremely easy. If you need reassurance, post your lines in the forum and ask more experienced traders to give you some guidance.

Line Migration
You should also be aware that lines tend to migrate slightly over the course of a few months. They will move 30 pips up, then 30 pips down, so be ready to tweak your lines as time passes. Line migration occurs because occasionally a candle breaks past a line and then reverses, leaving a small wick 10-30 pips beyond the line. The next time the price reaches that level it bounces away from the new high formed by that wick. After a few bounces you will find that the price is more likely to bounce from the new level as opposed to the original S+R line. All you need to do is move your line to the new level, and use that new level as the S+R level.  

How long do they last?
The same S+R lines have been around for decades. After you place them on a chart and get them right, all you need to do is adjust them to account for line migration. Other than that, your S+R lines should always remain pretty much at the same levels. Sometimes an S+R zone forms on a line. (I’ll explain S+R zones in the next section). When that S+R zone eventually becomes obsolete, it can form a new line and eliminate the original one. This however is rare, and when it does happen it is unlikely the original S+R will move more than 50 pips.

S+R Zones  

What Are S+R Zones?
S+R zones are areas of around 50-100 pips in which the price tends to range. S+R zones are usually formed by tight ranging periods near an S+R line. The price ranges at the line for so long that the S+R line becomes useless, and a zone forms in the area the S+R line was in. Think about it as a disruption of the S+R line. After the S+R line is disrupted it can take a few weeks, or even a few months for it to return to normal. You will find that when the price approaches that area it will get sucked into a range, or it will bounce away from the area randomly. An S+R zone is no-man’s-land, and I rarely, if ever, take a trade at or near one of these zones. I simply wait for the line to return to it’s normal state.  

How I place them
It’s very simple to spot an S+R zone. You will find that after the price ranges on or near an S+R line the line no longer holds the price back very well. You will see the price bouncing away randomly near the line and getting caught in ranges near the line. Keep in mind, S+R zones are rare, and just because you get some ranging here and there does not automatically mean it is an S+R zone.

Click to enlarge


Trading with Advanced CandleStick Strategy Part 4

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Support and Resistance Lines (S+R lines)

What Are S/R Lines?
S+R lines are points at which the price finds a permanent or temporary barrier. What we are interested in are these temporary barriers. The S+R lines on all currency pairs have been around for decades. If you look back in your charts to the 1980s you will find that the same S+R lines that worked back then are still valid today.
So what exactly is an S+R line, and why would the price magically stop at some seemingly arbitrary horizontal line? Simply put, S+R lines are areas traders expect the price to have trouble getting through. The line only works because a long time ago the price happened to bounce away from it strongly. Therefore, the next time it reached that same price level, traders regarded it as a break opportunity or a price reversal level, and then traded accordingly. In other words, they thought,“The price bounced away from this line the last time. It might bounce away from it again, so I should be careful.” The more this happened the stronger the lines became, and now they are commonly viewed as areas at which the price will have trouble getting through.

How I use these lines
The basic idea of my method is to place these lines, and wait for the price to reach them. When the S+R line is reached, if it is broken, I expect the price to keep moving in the direction of the break. If instead, when it is reached, we start to see reversal patterns like LWP’s or GP’s form, I trade a reversal from the line. As I stated at the beginning of this e-Book, I like to keep it simple. You can now see that the foundation of my method is very simple, but is also very effective.

Placing S+R lines
Placing support and resistance lines is an art not a science. It will never be a science as long as humans are trading. Support and resistance lines are one of the most basic aspects to trading.
Every trader uses them in one way or another. Each currency pair has highs and lows to which traders pay attention. As you develop your skill at placing S/R lines, you will need to be able to spot the price lines that would be most common to most traders. This is only done by practice and actively trading. Below is a basic outline of how I pick out my S+R lines. Keep in mind that there is a consistency to S+R lines; therefore, you do not have to pick them every week.
There first thing I do when placing S+R lines on a bare chart is identify recent areas of support and resistance.

Click image to enlarge
This is a very simple process. You just place a line at points at which the price has recently shown support and resistance. Typically you would look for three or more bounces from the same line. An ideal scenario would have the wick of the candle hitting the line, though; it is acceptable to use the candle’s body to place a line even if the wick has moved beyond the line. Even though the candle body is significant you cannot place a line based solely off of candle body bounces. The primary focus should be on the wick.


Trading with Advanced CandleStick Strategy Part 3

Read previous post here

Reversal Candle Grouping:
There must be at the very least, five reversal candles before I would consider it a GP. Five candles is the minimum. I would much rather see six or more. Generally speaking, the more reversal candles the stronger the GP.

The grouping itself must not favor any direction. It must basically form a straight line. Now this does not mean it must be perfectly straight, it can move slightly up and then come slightly back down. It is just important that it does not have an obvious bias for any direction.

The strength of a GP is dependent on the amount of candles in the grouping and the preceding trend. If you have a very strong preceding trend that consists of many candles and the grouping itself has 6 or more candles you can consider it a strong GP. You can also judge strength based on other factors like where it forms, but I will explain that a little later.


Trading with Advanced CandleStick Strategy Part 2

Before you read this part,you can read previous post here

Another important feature to take note of in the reversal pattern is the body. If the body is opposite to the preceding trend that makes it a stronger LWP. Again, using a bearish trend LWP as an example, if the body of the reversal candle is bullish it indicates that the bulls have more power.
If the body is bearish, it is still an LWP, just weaker. Regardless, it is still tradable, just exercise a little more caution (using your brain) since it suggests that the bears are still fighting back.


It is stronger simply because the reversal candle itself closes bullish, and it indicates that the bulls have a lot of power. The weaker LWP shows that the bulls reversed the trend, but the candle itself still closed bearish. This indicates that the bears are fighting back.
So remember, a LWP is not just the reversal candle. It is the preceding trend plus the reversal candle. Without a preceding trend, it is not an LWP. It is just a reversal candle.

Grouping Patterns (GP’s)
A GP is a large grouping of reversal type candle patterns in a trend. Again GP’s have two main features so let’s dissect a GP, and talk a little about each feature.

GP Preceding Trend
There isn’t too much to say here. The preceding trend is nearly the same as that of a LWP’s preceding trend. The main difference with GP’s is that I look for a larger trend. I still trade them based off of smaller trends, but they are definitely more powerful when they form in very large and long running trends.


Trading with Advanced CandleStick Strategy Part 1

I have written a candlestick trading strategies in previous posts ago. But, now is another explanation that might interest you.

Pairs: GBP/JPY, if you have not discovered this amazing pair yet you are missing out.
Time frame: I use 4 hour charts, and only 4 hour charts.
Alarms: If your current trading platform does not have price alarms then you need to find a new one. Since I trade 4 hour charts, price alarms are essential. You need to set alarms and be prepared to trade when the price reaches a certain level.

I use a combination of candlestick patterns, support and resistance lines, and price action. As you can see, I have not mentioned any indicators because I do not use them. My trading is all about following the actual price and not indicators. In the next few pages I am going to explain candles, S/R lines, and price action in detail, and then I will explain how to use them all together.

People underestimate the power of being able to read candlestick patterns. Candlesticks tell you exactly what’s going on with the market.
A bullish candle tells you that the bulls are currently in control. A bearish candle tells you the bears are currently in control. A doji candle tells you that the bears and bulls are fighting, but neither one is winning. So, when you get a doji forming after a series of strong bullish candles what does that tell you?
The bulls were in control of the market, but now the doji shows that the bears are fighting back. The
bears and bulls are opposing forces and they are always trying to pull the price in their direction. Sometimes the bulls have more power and it goes up, other times the bears have more power and the price goes down. So every time you look at a candle you should think of it as a struggle between the bulls and the bears.

Long Wicked Candle Patterns (LWP’s)
Long wicked patterns are, in my opinion, the strongest type of reversal pattern. They are not simply doji’s, hammers, or shooting stars. LWP’s are the combination of several different factors that make for a very strong reversal sign. Let’s dissect the two most important parts of a LWP.

Preceding trend
The preceding trend is the most important part of the long wicked pattern. If there is no preceding trend it is not a LWP. Identifying a preceding trend is not hard, but it is also not a science. I can’t tell you “a trend is exactly 100 pips,” because a trend is dependent on current market conditions and, obviously, the pair you are trading. I know it is a little hard when you do not have an exact rule to follow, but with just a little practice you will be able to spot trends with ease. I describe a preceding trend as a series of 4 or more candles moving strongly in the same direction. The preceding trend is important because it shows that either the bulls or the bears are currently in power. In the picture below the preceding trend is shown in the red box.


Reversal pattern
The actual reversal pattern is what screams out to us, “the bulls/bears are losing power!”, and tells us the price might be turning around. The long wicked pattern is also very simple to identify:
1. The wick must be longer than the body of the candle.
2. The wick must be pointing in the same direction as the preceding trend.
The reversal pattern alone is not a LWP. It is the combination of the preceding trend, and the reversal pattern that make an LWP. In the picture below the reversal pattern is shown in the red box.

If we put these two features together what does it mean? Previously I said that each candle represents a struggle between the bulls and the bears. So if you think about it, a bearish trend LWP (the above picture) means that the bears were much stronger than the bulls and they were able to push the price down in a bearish trend for a while. Then, all of a sudden the bulls stepped in and pushed the candle back up forming a reversal pattern. So obviously we are seeing that the bears no longer have more power than the bulls and the bulls are fighting back.