Do you guys know how to set the price decimal in mt4? for example uj price 98.120 and i want to make it as 98.12, i don't know why my mt4 after reinstall change become 3 decimal for yen pair and 5 decimal for others.

thanks for the indicator

depends on broker bulkbiz.. if broker supports 5 decimal then it is 5 decimal.. the extra decimal actually is helpful

You have to have enough to avoid margin calls and forced closure though, don't you?

Anyway, if the interest positve pairs move up interest will become negative right? help me out here, I don't see how that will work.

This post has been edited by wodenus: Mar 13 2009, 01:55 PM

Yes, you need to have sufficient margin. But remember always start small trade size & increase the trade size if it fall >5% & increase again when it fall >10%. Beware that this strategy is not mean to all interest positive pair. I believe this strategy good for AUD/JPY & AUD.USD pair since it already drop to close to its hostorical low.

For example & taken from my trading. I long A/J at 0.65 in early January with trade size 250 unit only & keep buying with 250 unit every 50 pips drop. All my position have no stop loss but some of the position with target point of at least 50 pips & gain small profit with this & keep buying at the same entry. Unfortunately the pair keeps droping to <0.62 within 2-3 days. I keep buying but at below 0.62 but this time my trade size increase to 500 unit every 50 pips until it drops to 0.59. Similar here take some profit on rebound. My trade size increase again when the pair drop <0.59. I keep buying until it drop to its lowest 0f 0.555 (almost historical low). When the pair rebound I collect handsome profit with all my trade without a single trade close with loss position. As of now left only 2 position open.

Margin wise, I have sufficient margin until the pair drop to <0.50 & will top up if it keeps droping.

I like this kind of trade because you do not need to stare up at your screen most the time & also to keep my blood pressure low.



On interest positive pair example AUD/JPY. It will always be positive as long as Interest Rate for AUD is higher than JPY interest rate plus ~1.25% (this is broker margin). Now AUD intest rate is about ~3.5% and JPY interest rate is ~0.25%. So my net interest gain is ~2%. So as long as you long this this pair you gain ~2% interest but you have to pay if you short. Means that you keep gaining in interest although your unrealized profit is negative. The gain can be big if have large trade size. This is what we call carry trade.

Hope you understand.

@woodenus
For the time being there is no way interest rates are going to be raised at least for the G7 countries due to the economic condition they are in. In the long term say mayb 1 year or so yes there is room for increament if they get out of the mess soon enough but I dont see interest rates being increased for the next 6 months or so. Just my opinion

Interesting. Which broker will let you trade 250 units?

I am using OANDA. They even allow you to trade 1 unit.

But oanda doesn't have long-term charts

So u wil get one demo account in MT4 to see your long term chart

LOL.. that works worth checking out


This post has been edited by wodenus: Mar 14 2009, 12:36 AM

Alternatively I am using netdania. They offer online long term chart.

Cool


This post has been edited by wodenus: Mar 14 2009, 01:37 AM

@mph
heh exactly what i'm doing

bad week for me, occured losses but thankfully its minor losses.

FXCM sent email to me last week, inviting me to become their web based trading platform tester and give feedback. Can't wait for it, hopefully it is stable. According to them they web based is targeting asian customer, they received a lot of complaint from asian customer problem in connecting to their server.

I am still using mt4 to view charts, trade using their platform, so if web based trading platform come, it would be much easier.

I am having small losing week too.


cheers, have a good weekend

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Added on March 14, 2009, 7:55 pmHi normeck, need some advice from you coz i am using the 34 ema also, you only trade the "wave" breakout?


This post has been edited by bulkbiz: Mar 14 2009, 07:55 PM

Weekly analysis on 15mar09


Attached File(s)
 15mar09.zip ( 437.04k ) Number of downloads: 29

hi all, anyone going for long with usd/chf?

not really... i have to comfirm with others indicator....fibo and pivot....

So the file working good? I mean can unzip the zip file?

yeap i downloaded and it works fine mph..

sell...dunno valid or not...REMEMBER! STOP LOST!!

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Added on March 16, 2009, 10:53 amreason : hit 34 EMA and bounce downward

This post has been edited by normeck: Mar 16 2009, 10:53 AM


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