Above you can see the Donchian channel that corresponds to the H4 time-frame (240 minutes) displayed on the H1 chart. The trader can choose any other values depending on the traded pair.
After youve done that, try to optimize the default settings based on the pairs you are trading, the time-frame you trade on, your equity and initial LotSize etc. All traders have the motivation to make money in the markets, but most are focusing that motivation on the wrong things. The timeframe (left-up) shows the color of the current candle for all the time-frames available in Metatrader The trend detecting indicator is easy to uderstand, as seen on the above MetaTrader chart The Trend Trader indicator can be used for both identifying the trend. Forex basics to get you understanding the market, including what pairs to trade and what time of day to trade (whether swing trading or day trading). There is simply no real reason to rely heavily.
Professional traders understand that they never know for sure what a market is going to do; therefore they dont become mentally or emotionally attached to any particular directional bias. In the trading chart above, the Heiken Ashi is in uptrend on H1 and H4, meaning that the Heiken Ashi color is green (up) on both of these timeframes. Whilst there are pro traders who do use fundamentals, I can assure that most do not. This swing zone is also used by both the Fluid and the NonLagMA expert advisors, and it has the purpose to ensure that the EA will not open buy trade when higher-highs are formed, or sell trades when the price forms a lower-low. At FX Leaders, we have a team of professional traders and analysts who generate new forex signals every day.
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