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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Wednesday, March 1, 2017

How to deal with trading depression

how to deal with trading depression
We all know about depression in general sense; most of the people in this world are affected with mental weakness. Some doesn’t even know that they are attacked by the depression devil. Because it stays with us, lives with us that why it’s hard to rectify & differentiate between normal mood off & chronic depression.  In developing countries treatment for this kind of mental disorder is widely available, especially for finding a good trading psychotherapist.  But for the rest of the world it is not that easy to find a good trading psychotherapist coach.  So sometimes you have to do it by yourself with help of the internet & book resources.

This kind of depression required attentiveness from the trader himself/herself. Self-realization is the 1st step towards the cure of this kind disorder.  The faster trader realize that he/she is going through this problem, less damage it will do in their personal & professional life.  But never worries, mind is the key to everything. Once you control it, you solve your problem.

Cause: 

This kind depression occurs generally after a long term loses in your trading career or if you made any big loss under presser.  When someone continuous fails at something, it started to affect the mind. Mind lost hopes & depression starts. That’s why it’s always wise to take a break after any blips then return & continue.

Symptoms:

There are similarities between general depression & trading depression. So here we are pointing out all of it.

  • You feel lethargy for doing any work, Mentally & Physically. 
  • You don't move your body much while trading. You are attach to your chart & chair like a glue.
  • You shake your legs too often while trading. 
  • You are finding difficulties to maintain a routine. 
  • You are thinking about to try other profession.
  • You are thinking that you will never win again. Trading is not possible. Mostly focus on the negative side of the profession.  Concentrating how difficult it is.
  • A pessimistic aspect towards your trading system.  Cannot imagine a long run success.
  • Steeper fall of confidence level after few consecutive losses.  Fearful about charts & trades.

Treatment: 

Treatment for this depression takes time, at least 1-2 weeks, depending on your mental damage & how far you have gone with your pessimism.  It will not happen overnight. But you need to keep walking every day.

Before we start the treatment, need to share a story. 
Back in 2009, I traded 1st time in my life with a micro account. That time I had no knowledge about trading, I was a fresher in my college. During the time, what I was doing is, when price was going up & I bought, when price was going down I sold. Obviously I blow up my account with lots of frequent trades. But still I had a winning rate of 50%. That means it was random outcome for someone who doesn’t know anything about trading. 

Generally if you go to any exam & you have no knowledge about the subject, you pick answers randomly, very rear case that you will score 0%. Also it will be rare to score 100%.
  • During depression, trader generally forgets about this mathematical part completely. Emotions take over the brain. Trader goes far beyond the logic & the big picture. Their focus gets narrowed & finally they get paralyzed with myopia. They started to think, “I can lose all the time.” Which is mathematically has very rare chances for random market & with a workable brain. Even during trader worst period, when trader brow up the whole account, still profitability stays around 35-40%. So “I can lose all the time” depressive thought has no strong ground. 

  • Maintaining a routine & killing lethargy is the part of the physical process.  If you are trapped in losing stake, that doesn’t means you lost your life. Your heart still pumps. For 1st few days maintaining a routine might require lots of push up from your side. But as the days will pass, it will become a habit & you start feeling like you are back to normal. Which will eventually effect your trading positively.

  • Risk is involved in every steps of life, from walking door step to main road, driving a car or even climbing on stairs or using a lift.  No one can assure a risk free life.  Also no one can predict their future. We can make choices, but tomorrow is always unknown, because it never happened yet. So worrying about future incidents which never happened yet is worthless. If you fail today, that doesn’t means you will fail tomorrow.

  • Fear is the emotion, which makes task looks difficult.  But Fear is defeat able. It can be done step by step. If anything is difficult, find out why it’s difficult.  If you find why it’s difficult then you will automatically find solution for it. Kill your fear on each step & move forward, if you fear to take a trade, start trading with the lowest amount of lots, then sit & watch it without shaking your legs. Feel it & do it every day. Stay with the market; observe it during the most freakish moment. After few weeks like this, you will not feel any fear any more. Trust me it works with time!

  • If feel your trading system doesn’t works. Verify it with back test. More back test you will do more confidence you will gain. If random coin flipping kind of trading can earn 50% wining rate, then your world of opportunity is really big. There you need to cure your myopia.

One expert trader used to call this kind of situation as having a T-shirt period. All the traders in their trading life faces such T-shirt period more than one at a time. It’s common & part of the business, definitely not The Apocalypse. Faster you realize it, better to recover from it.

avoiding trading depressionOne faster way to recognize it, is observing your body language while trading. Trader who generally trades in group get less tensed than a trader who is a lone wolf.  So it is wise to participate in active discussion in different trading community or at least maintaining a Journal. It will reduce stress & increase self confidence.

If you focus on smiling for a while, you will start to feel happy. If you think about positive about your trading career in everyday, even in losing days, you will never get depressed. It’s not easy but its possible & a good habit to develop.


For more self study please check our reading list section.

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