Archive for August, 2009

More and more professional Forex traders use Magic Lines. Matt Sharp, an experienced forex trader and trading instructor, uses Magic Lines on his trading platform and in his Forex courses. Take the opportunity to see Magic Lines power and Matt’s trading experience combined in Matt’s new webinar and find out how you can trade Forex more efficiently and more succesfully. Trading Forex on different charts, particularly the fast one minute chart, has never been easier. See the video and check out the webinar web page to register for the webinar.

Here’s an example of TrackStopShort (sorry for the slow download of the image), my trend tracking code applied to today’s GBPUSD. I entered the trade quite early and closed half of it to lock in some profit. Then I started TrackStopShort and left it to follow the trend as I was talking to a customer for a few hours. When I looked back I saw this. Now it’s time to leave the office, but I’ll let the script run and see how much it made tomorrow.

Update: TrackStopShort exited the trade at 21:06 with a EUR 410 profit, just before the trend bottommed out at 1.6430. If you have bought Magic Lines, you can get the TrackStoploss scripts for free. Just e-mail…

FAQ: “Why can’t I just use a trailing stoploss?”
Answer: You can, but you are likely to be taken out by any retracement or when choosing a large distance stoploss order, by trend reversal…you lose EUR 50-100 at least.

Here’s part of todays account statement during the newsrelease this afternoon, Friday August 7 (NFP / Non farm payroll).

Using Magic Lines I was able to lock in almost EUR 250 in an hour without any reasonable trading experience. How? Well, download Magic Lines demo and find out for yourself how you can stay ahead of other traders who have to modify stoploss levels manually all the time.

Twitter is a popular social network where people follow what other people are doing. I opened a Twitter account recently, and to be honest, the possibilities are endless…if you have the right tools.

I have developed a plugin for Metatrader that transmits my trading activity directly to Twitter so everybody (or a selected group of people) can see what I’m trading. Not a simple alert service, but trading as it happens. Using Magic Lines and the MTwitter plugin I can report order entry, changing stoploss and profit level, the number of pips my position is winning (or losing) and of course when I exit. Whatever information Metatrader has available, I can now send out to an unlimited number of people worldwide.

Now I’m sure nobody cares what I trade, but using the MTwitter plugin a lot of experienced traders can NOW use Twitter as their real time alert/trading or expert advisor service.

If you want to find out what the possibilities are, check out Twitter where I will be testing the MTwitter plugin the next few days.