FXI Indicator

[ghaze]

Hello Eugene,

When I have install FXI Indicator I restart my computer then I try it but the program (MT4) error and need to be close. This happened repeatedly... how to solve this problem...

[EugeneFXI]

Hi Ghaze,

It sounds like you've got a corrupted profile. It happens some times when you've got too many charts or indicators loaded at once. Try this:

1. Open up Windows Explorer
2. Browse into your MT4's "profiles" folder
3. Find the folder of the profile you are currently using.
4. Move all the .chr files out of that folder (this will cause you to lose all your open charts).
5. Start MT4 to make sure it opens.
6. Re-introduce the moved .chr files one by one back into the profile folder, to see which one is causing a problem.

Hope that helps!

Good luck

[ghaze]

Thanks eugene I will try it...

[rikhart]

Hello Eugene,

About the Camel Back Technique. I do not seem to have the ADX indicator on my MT4 platform, what other indicator can i use as a confirmation?

The camel back technique looks like a modified 1-2-3 to me. what do you think?

Thanks

Ricky

[EugeneFXI]

Hi Ricky, I'm sure you do have the ADX indicator - it comes standard.

In MT4 it is called by its full name - Average Directional Movement Index. Look for it by this name.

Let me know if you still have trouble finding it!

[rikhart]

thanks alot Eugene. the last MT4 I had had it abbreviated as ADX any way. seen it

so what are the parameters. the period by default is set to 14. which period would go well with the camel back?

take care

[EugeneFXI]

Yep, the default period of 14 should work fine.

You can see the rules in the Camelback reference thread: http://forums.fxinstructor.com/showthread.php?t=51

[rikhart]

hello Eugene,

your indicators are all wonderful. I have two questions:

1. How do we use the pivot points for breakout trades?

2. How do we calculate the weekly/monthly pivots on the installed indicators?

3. Is there a program one can use to give railing stop orders on MT4? What if i have a strategy that i want to implement on MT4 for mechanically?Any words on how to go about it?

[EugeneFXI]

Hi Ricky,

To answer your questions:

1. This is a big question - the Pivots give you support and resistance levels, and also likely trade ranges. The breakout trigger is a whole separate topic, so I suggest you take a look at our Pivots reference to get a better idea of its use.

2. The FXI Pivots, FXI Momentum Value, and FXI Midlines idicators all have a 'timeframe' setting. By default it is set to 0, which displays Daily data. If you set it to 1, it will display Weekly data. 2 will give you Monthly data.

3. MT4 actually has a trailing stop feature. In the Terminal box, in the Trade tab, right-click on the desired position, and in the Trailing Stop sub-menu, choose your desired distance.

Another thing you can do is use the TrendMeLeaveMe EA that Mark has posted - it lets you plot a trendline with a set distance of how far the price can move away from that trendline before closing it.