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Better charts for Fibonacci retracement & extension?? Better charts for Fibonacci retracement & extension??
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  #1 (permalink)  
Old 02-12-2007, 05:09 PM
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Smile Better charts for Fibonacci retracement & extension??
I have only recently begun learning Forex and am trying out a dummy account with Oanda that I'm getting to grips with. I was finding their charts ok while I was trying out the basics such as EMA, MACD, RSI and other oscillators, but as I learn more I am wanting to practise using other techniques. Perhaps Oanda is a bit limited in this respect??? For example, I have been reading up on Fibonacci retracement and extension and want to practise this but Oanda's charts only seem to have the option of retracement (not extension) and even this doesn't seem quite as easy to understand as the example charts I've seen on instructional websites such as babypips.
The question I want to ask is - Is Oanda quite limited with it's charting software (or am I missing something?) and if so, please could you recommend a good place to find free charts that are user friendly and don't require me to register for a Forex account with them? Is it better to use the same company for charts and trading? If you use seperate, will there be any discrepencies in the figures?
Your advice would be appreciated.
Many thanks - Kamoshikasan
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  #2 (permalink)  
Old 02-13-2007, 02:09 PM
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I have had the same problem for about 6 months now. The best platform I have found so far is fxdd.com They have the best charts for demo trading, almost like the real charts that you get with $1000.00 balance or more. Download the metatrader4. You need to play around for a few days to get the hang of it, can be confusing at first. The only problem I have found so far is that when you shut the platform down your trailing stops get cancled. Also calling up and talking to a live person is a little disappointing. It's kind of like lalking to someone in the government office.

good luck!
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Old 02-13-2007, 02:32 PM
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Oanda charts are terrible for Fibo & they don't even have pivot points but I still like their easy to use system, low spreads and unlimited FREE use of the demo(game). I, like many others on this board just use Metatrader for all of our charts and use Oanda to place your orders through. A lot of people use VTTrader & Xtick which I might test out when I have time. Metatrader is tough to get use to like Bazooko said but it is a very powerful charting software if you can put the time in to learning how to use it. Their are also many threads on here that have custom indicators that you can download if you decide to go that the Metatrader route. Also many websites with ones that you can download.

Topgun


Quote:
Originally Posted by kamoshikasan View Post
I have only recently begun learning Forex and am trying out a dummy account with Oanda that I'm getting to grips with. I was finding their charts ok while I was trying out the basics such as EMA, MACD, RSI and other oscillators, but as I learn more I am wanting to practise using other techniques. Perhaps Oanda is a bit limited in this respect??? For example, I have been reading up on Fibonacci retracement and extension and want to practise this but Oanda's charts only seem to have the option of retracement (not extension) and even this doesn't seem quite as easy to understand as the example charts I've seen on instructional websites such as babypips.
The question I want to ask is - Is Oanda quite limited with it's charting software (or am I missing something?) and if so, please could you recommend a good place to find free charts that are user friendly and don't require me to register for a Forex account with them? Is it better to use the same company for charts and trading? If you use seperate, will there be any discrepencies in the figures?
Your advice would be appreciated.
Many thanks - Kamoshikasan
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  #4 (permalink)  
Old 02-14-2007, 07:05 PM
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Default question on MACD
i personally really like metatrader...which is the same as interbank, no?

Anyway, i see that you said there were various posts that had custom indicators....do you recall if you saw one for MACD? I am trying to modify the one in the MT4 but the scripting is a little above my head...
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Old 02-14-2007, 09:49 PM
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Unzip and add these files to the "C:\Program Files\StrategyBuilderFX 4\experts\indicators" folder than restart Metatrader and it will be listed in the custom indicator folder. It is the MACD Histogram with 2 lines.

Topgun


Quote:
Originally Posted by pippy123 View Post
i personally really like metatrader...which is the same as interbank, no?

Anyway, i see that you said there were various posts that had custom indicators....do you recall if you saw one for MACD? I am trying to modify the one in the MT4 but the scripting is a little above my head...
Attached Files
File Type: zip macd.zip (3.4 KB, 56 views)
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  #6 (permalink)  
Old 02-15-2007, 12:26 AM
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thank you thank you thank you!!
I have been trying to figure this out for awhile
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Old 02-15-2007, 01:38 PM
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No problem. I have been trying to figure out many problems with MT4 since I started using it. There have been many times that I almost stopped using it but now I have it working the way I want it to

Let me know if you have problems using the email feature. That was a nightmare to setup

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Originally Posted by pippy123 View Post
thank you thank you thank you!!
I have been trying to figure this out for awhile
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Old 02-19-2007, 05:57 PM
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Quote:
Originally Posted by topgun_68 View Post
Oanda charts are terrible for Fibo & they don't even have pivot points but I still like their easy to use system, low spreads and unlimited FREE use of the demo(game). I, like many others on this board just use Metatrader for all of our charts and use Oanda to place your orders through. A lot of people use VTTrader & Xtick which I might test out when I have time. Metatrader is tough to get use to like Bazooko said but it is a very powerful charting software if you can put the time in to learning how to use it. Their are also many threads on here that have custom indicators that you can download if you decide to go that the Metatrader route. Also many websites with ones that you can download.

Topgun
How do I get the IP for Oanda so I can use MT4 software?
Im having one hell of a time finding it....
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  #9 (permalink)  
Old 02-23-2007, 02:42 PM
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You can't have Metatrader automatically execute trades for you unless you buy the API and code it yourself. I just use Metatrader for the charts and I manually enter my trades through Oanda.

Sorry for taking so long replying to this. I must have missed this post.

Topgun


Quote:
Originally Posted by concept View Post
How do I get the IP for Oanda so I can use MT4 software?
Im having one hell of a time finding it....
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  #10 (permalink)  
Old 02-27-2007, 12:23 PM
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Quote:
Originally Posted by topgun_68 View Post
No problem. I have been trying to figure out many problems with MT4 since I started using it. There have been many times that I almost stopped using it but now I have it working the way I want it to

Let me know if you have problems using the email feature. That was a nightmare to setup
thx Topgun
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