Most strategies or techniques in technical analysis involve the use of indicators.

But more often than not, most traders use indicators for all kinds of situations which tend to render them quite ineffective.

Just as a carpenter’s toolbox has different instruments which are used for different purposes, each indicator in the tool box of a trader has to be used for a particular situation.

In our Live Trading Room we teach, among many other things, a series of lessons we call “Know your Indicators”, which introduce specific indicators, and go over the characteristics and drawbacks of the same.

First and foremost, there is one point that a trader needs to keep in mind - all indicators are lagging, and it is ultimately price which is the only leading indicator.

Indicators should be used just as they are described – as “indications” for price movements and not as confirmations. While this does not diminish the importance of the indicators, one must remember that a change in price will cause a change in the indicator - not the other way round.

Indicators, nevertheless, play an important part in the building of strategies and techniques - but only if one applies them correctly.

The DMI/ADX is one of the most effective and yet underused indicators. If used with the correct parameters, it can be a very effective trading system on its own. (more…)

Hey Traders,

This is the third episode of our Secrets of MetaTrader video series. Today’s lesson is dedicated to installing indicators on your MetaTrader 4 platform, without having to dig around on your “C” drive looking for the right folder.

We’ve had A LOT of requests for something like this, so I hope you all find this extremely helpful and effective! If you ever need to install indicators manually, this is the recommended way.

Let me know if you have any questions or comments, and enjoy the video!

Hey Traders,

Welcome to another episode of Secrets of MetaTrader. Its been a while since we posted another update, but it was surely worth the wait.
Our second lesson discusses duplicating objects on your charts - something many traders can find very useful when plotting channels, Andrews Pitchforks, etc.

Another topic in today’s video is stacking indicators - placing one indicator on top of another in a separate indicator window. This is a very versatile feature that many traders ignore because they don’t know about it.

Let me know if you have any questions or comments, and enjoy the video!

Here at FX Instructor we like try to try new things on for size now and then. In our Live Trading Room, I’ve seen countless times how people spend months, even years trading without knowing various shortcuts and tricks that could save them time and free their attention to focus on what really matters - trading!

So, this inspired me to start a new video series, “Secrets of MetaTrader”, which I hope will open the eyes of many traders out there who are still not getting the most out of the MetaTrader 4 platform. Eventually I hope to expand the series to other platforms as well.

Our first lesson deals with putting price levels next to the Fibonacci Retracement lines - one of the most commonly ignored features that MetaTrader provides.

Let me know if you have any questions or comments, and enjoy the video!