Gann Pivot Indicator

Gann Intraday Pivot
  • The indicator is based on W.D. Gann Methodology and Grid chart system customized for the modern market with a simplistic approach.
  • It is designed for Scalping to Intraday Trading. A complete tool with Customizable Price and Time Support and Resistance level.
  • The indicator shows day trend strength in advance with the start of the day. Indicator plots buy/sell signals on charts (Subject to consider with market price action), also the current trade.
  • Indicator plots Daily and Hourly Pivots. Also, Custom Pivots based with 4 calculating points, from Current day high / Last Day High / Current Day Low / Last Day Low.
  • The indicator also plots time pivots which indicate ideal time for a major trend change in the market. ( Subject to consider with market price action.)
  • Indicator plots Gann Master Grid chart layout for advanced analysis.
  • Best Usage: 1 Minute to 15 Minutes charts, All Instruments
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SFX Intraday Planetary Line Indicator

Space Time Intraday Planetary Line Indicator
  • Indicator plots planetary lines without using any CSV file or any kind of data fetching from 3rd party software or Internet!
  • It has inbuilt astronomical calculation being the first of its kind in the MQL indicator history.
  • Planet Degree might differ from 0.5-1.0 degrees than actual. NASA quality.
  • Indicator plots planetary lines based on Custom-able Planetary Coordinates ( Geocentric | Heliocentric ), Planetary Zodiac Method Tropical | Sidereal (Vedic), scaling for plotting planetary lines for Sun, Moon, Mars, Mercury, Jupiter, Venus, Saturn, Uranus, Neptune, Pluto, North Lunar node and South Lunar Node and average of 5 and 8 planets planetary lines. Plots planetary aspect price lines with planets and aspects selection. Also plots Mundane Aspects, Moon Ingress Timing with its Trend strength (Strongest, Stronger, Weak, Continuation, Reversal) Hora lines. All inputs are customizable.
  • Dashboard data shows the daily trend for individual instruments along with effective planet name in Advance. Also the indicator per deg scale. Draws buy/sell signals on the chart with alerts. (Subject to consider with market price actions)
  • Best usage: 1 Minute to 15M chart. (for scalping to day trading)
  • Instruments: All instruments including FX pairs, metals, and indices. Simply adjust the scale accordingly.
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SFX Multi Pair Trend Dashboard Indicator

Multi Pair Trend Dashboard Indicator
  • Indicator show signals for 15 Instruments/ Pairs (custom-able) based on a selected time frame.
  • User can select Maximum 8 indicators according to their choice among 14 available indicators and oscillators with changeable inputs.
  • Indicator Automatically Adjusts its columns and rows based on the user input and can plot multiple Dashboard on the Same chart.
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SFX Risk Reward Indicator

Risk Reward Indicator
  • Shows Risk, Reward and Trailed position monetary value for all active open orders.
  • Here locked profit represents trailed positions.
  • For ECN broker indicator counts order commission into the calculation to show the actual monetary value for a trade.
  • If any order doesn't have any stop loss, then it shows the account free margin in the risk field.
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Trade Duration Indicator

Trade Duration Indicator
  • The indicator shows current active trades (including pending orders) time duration in Minutes, Seconds and Hours.
  • Time duration means how long the order is active in the market, how long the order is running.
  • The indicator shows Trade Lot size, Instrument Symbol, Trading serial number chronologically.
  • Indicator refreshes its data on the chart according to the order activity.
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Tuesday, February 9, 2016

Two Most Essential Traits Of A Successful Trader

Trails for a successful trader
1. Not Being Impulsive:
"Time is your friend; impulse is your enemy". By John Bogle.
Never be impulsive with the trades. No matter good or bad. Only gamblers stay impulsive during the time of trading. So first thing & most important step of being successful is, killing that Gambler self forever & injecting a Professional Trader mindset.

Example of being impulsive

When something bad happens: Say if you enter trade as buyer & set your mental stop loss at 10 & hard stop at 20. Market suddenly moved against you & you are currently at -15. How you are going to feel now?? Obviously you will get freaked you. Even if its hits your stop loss. To recover position you will enter as a seller now. Once you did that. Now you will see that market is rising. Feeling more freaked out? Answer is Yes!

When something good happens: Say you enter as a buyer, you are expecting 10 points in your favor. But on sudden it moved 30 points in your favor, more than expected! You are so happy & excited, so added more position. Now you see that market falling since you enter 2nd time. How it feels? Very stupid!

Basically, we become impulsive, when something happens out of our expectation, good or bad. When it happens, we get stunned for a moment & we couldn’t react properly. 

impulsive trading

It’s like deer caught in the headlights . We need to stay calm & use the situation on our favor. Say if market moved 30 points more than expect, close the trade. Be happy. If market falls 15 pips against you, close the trade, still Be Happy as you are not losing more.

2. Being Fluid & Positive Correlation:

A successful trader is a person who correlates him/herself with the market. It’s not about being right; it’s about following the market. Ultimately it’s the boss. Your job is following it wherever it moves, up or down. 

Suppose, you figure with your calculation that market is going to fall from a certain resistance, but it didn’t, you keep adding position every time it moves higher hoping that I might fall & fetch you great reward. But NO! As it keeps rising you are increasing your risk. It’s an egoistic behavior. When you trade, always keep your ego in your pocket.

That also suffices, never be rigid with your stops or take profit. Say market you are targeting for 50 points. But market moved 30 pips & now falling, no need to be so hard with it.  Just trail or close position. Don’t hope much. If you see that your trade is going against you, instead of holding it up to its hard stop, good to close it early, at least you will save some money. Be fluid with the market.

These two mindsets are definitely not an easy job. Remember market is always same; But you are the key. Trading depends on the trader not on the strategy. That’s why they say 90% trader fails, because 90% doesn’t enough mental stability to do this job on regular basis. But practice makes thing perfect, more you will learn to tame yourself, better results you will get.
"Don’t practice until you get it right. Practice until you can’t get it wrong"

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