Aloysius Chan's Blog

Probability Sideway: continue moving sideway is 70% while up and down is 15% each. Uptrend: continue moving up is 75% while spike up is 15% and down is 10%. Downtrend: continue moving down is 80% while spike down is 10% and up is 5%. Our trading philosophy rests on five foundation beliefs: Everybody has the same information that we do, or more.  Price behaviour reflects crowd emotion.  Today's price is a continuation of yesterday's crowd emotion.  Future price behaviour is best analysed in terms of a probability matrix.  Risk is directly related to price and is manageable. Harm minimisation Recognising the destructive behaviour. Large losses are a strong hint there is a problem.  Sidetracking the behaviour by removing the trigger. This may mean changing the way you see the market. Trend line application Trend line analysis and trade management Parabolic curve Parabolic trends often collapse very rapidly, often with prices gapping downwards.  Parabolic trend...

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Variables int double string boolean datetime color Common syntax #define CONSTANT #include <filename.mqh> #import "library.ex4" int function() deinit() start() print() OrderSend() Symbol Type OP_BUY OP_SELL OP_BUYSTOP OP_SELLSTOP OP_BUYLIMIT OP_SELLLIMIT Lots Price Slippage StopLoss TakeProfit Comment MagicNumber Expiration Arrow OrderSelect() IndexSelect SELECT_BY_TICKET SELECT_BY_POS Pool MODE_TRADES MODE_HISTORY OrderSymbol() OrderType() OrderOpenPrice() OrderLots() OrderStopLoss() OrderTicket() OrderMagicNumber() OrderComment() OrderClosePrice() OrderOpenTime() OrderCloseTime() OrderProfit() OrderClose() Ticket Lots Price Slippage Color OrderDelete() OrderModify() Ticket Price StopLoss TakeProfit Expiration Arrow Loop for while Data from other chart iHigh() iLow() iOpen() iClose() Technicals iMA() iStochastic() iCustom() Check settings IsTradeAllowed() IsLibrariesAllowed() IsDllsAllowed() AccountName() AccountNumber()  AccountBroker() MessageBox() SendMail()

Dynamic Time Calendar cycles Physical cycles Markets evolve in proportion to past time cycles by dynamic growth ratios Time Cycle Ratio (TCR) Time retracement is closely related to Fibonacci Alternate time projection Trading Philosophy The trading time frame. Is the objective to trade short, intermediate or long-term trades? What is the general time frame considered for each of these periods? The general parameters of the type of activity necessary to indicate a potential trade. Are you only looking to enter on trend-reversal set-ups or breakout trend-confirmed set-ups or both? The general parameters of the capital exposure that is acceptable and the profit objectives. Dynamic Trading Trade market behaviour, not forecasts

Intelligent Investor Momentum trader and countertrend trader. A challenge to identify new trend. Going against the market. Best is to figure out when to exit. Past Data Trading is eseentially buying that asset. Chart and past data are just tools for you to guage the price you want to buy or sell. Trendlines; Kangaroo Tails Support, Resistance, False Breakout Double Tops and Bottoms; Volume Triangle, Pennant and Rectangle Some Technical Indicators Elder Ray Bull power Bear power Kelter Channel Donchian Channel Method, System, Technique A method is a general philosophy of trading. For example; trade with the trend, buy when the trend is up, and sell after it tops out. Or—buy undervalued markets, go long near historical support levels, and sell after resistance zones have been reached. A system is a set of rules for implementing a method. For example, if our method is to follow trends, then the system may buy when a multi-week moving average turns up and sell when a daily moving average t...

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