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Grand Supercycle Top - Video from EllIott Wave International with bonus

Grand Supercycle Top - Video from EllIott Wave International with bonus
Click to enlarge
Price: $214 $25
Availability: In Stock
Model: 105
Manufacturer: Missionforex
Average Rating: Not Rated

New Page 1

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Grand Supercycle Top - Video from EllIott Wave International

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Few people understand that technical analysis is tough, how many successful traders have really made it, 90% of technical analyst have difficulties staying in business as its not an easy task. I wonder how a normal trader with no knowledge of even a simple analyst can really survive, Robert Prechter the owner of EllIottwave.com had his bad days and good days before too.

When I started trading I thought EllIottwave alone can do it apparently it is not ! you need more to really stay in business.Prechter had his bad times and good times as a matter of fact he stayed bearish for quite long time for a good reason after all his forecast method is based on EllIottwave analysis, in his video he explains why he was bearish for that long and discuss more about waves and their relation to economy. one of the key points he talks about is the mania and his observation for it in different markets.

this video it not for a regular technical analyst, you wont find methods or trading skills, this video is meant for people who want to know everything about EllIottwave. how market moves, why are we in an extended fifth??? as all Prechter videos which are based on scientific studies

Grand Supercycle Top - Video from EllIott Wave International with bonus






#1 Chin Breakout Alert

The indicator allows you to set upper and lower trend lines, and once they are broken you'll receive a sound alert and/or a pop-up box alert.
Copy the file to /Experts/Indicators folder in MT4.

Step 1: Place indicator on the chart: you'll get 2 lines to work with.

Grand Supercycle Top - Video from EllIott Wave International with bonus

Step 2: Adjust the lines the way you need. That's it.

Grand Supercycle Top - Video from EllIott Wave International with bonus

Step 3: Now, you can leave the chart and come back when you receive an alert.

For illustration purposes, let's quickly set it up on 5 minute chart:

Grand Supercycle Top - Video from EllIott Wave International with bonus

#2 Trend expert.mq4

This is an Expert Adviser, which will automatically open Buy Stop and Sell Stop orders upon the trend line breakout. It doesn't draw trend lines for you, instead it uses Your trend lines.
The file should be copied to /Experts folder in MT4.

Step 1: Draw trend lines manually the way you need & want them.

Step 2: Add an Expert Advisor to your chart, make sure it's a smiley face in the top right corner (to get that go to the Expert Advisor properties and activate the check box "Allow live trading").

Grand Supercycle Top - Video from EllIott Wave International with bonus

Step 3: Time to rename your trendlines so that the Expert will "recognize them".

Grand Supercycle Top - Video from EllIott Wave International with bonus

Grand Supercycle Top - Video from EllIott Wave International with bonus

Upper trendline - name it buystop
Lower tendline - name it sellstop

Notice how the lines change = get extra levels above and below them. This means you've done it right.

How the EA works:

Grand Supercycle Top - Video from EllIott Wave International with bonus

When price enter area between your buystop trend and BuyStop_StepLower, expert will open buystop order at Price BuyStop_StepUpper. When price enter area between your sellstop trend and SellStop_StepUpper, expert will open sellstop order at Price SellStop_StepLower.

The expert will always modify OpenPrice to both orders when the price walks with the trends Until Price goes out Previuos area.

Step 4: Now you can go to Expert Advisor properties and change some parameters if needed:
BuyStop_StepUpper, BuyStop_StepLower, SellStop_StepUpper and SellStop_StepLower.

You can set BuyStop_StopLoss, BuyStop_Takeprofit and BuyStop_Lot to buystop. You can set SellStop_StopLoss, SellStop_Takeprofit and SellStop_Lot to sellstop.

Happy trading!



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