That sounds like you’ve just drawn a trendline; that won’t work.
You have to choose ‘Fibonacci’ on your charting package, to draw Fib levels.
If you use MT4, look at the 2nd (lower) of the two menu bars at the top of the MT4 window; Fibonacci is the 7th symbol of that menu bar, the one which shows some horizontal lines and an ‘F’.
Snimleck,
You are welcome. I am also a newbie but have learnt a lot here.
So first thing first, go to the school of pipsology, it’s really a great place
to learn.
This morning, I think I got some little pips on Demo using the cowabonga
system. Once again, you are welcome.
Yes, that’s the right box for the stop-loss.
One reason why it hasn’t worked may be the parameters your broker has set for S/L and T/P.
There are certain minimum distances from the current price to S/L and T/P which you have to observe (see the line of text at the bottom of the MT4 window).
Even though, when I took a closer look at the screenshot you’ve posted, it appeared that your broker (Alpari NZ) doesn’t have this minimum distance between current price and S/L and T/P. Kinda weird that it works now.
Oh well, I won’t knock it … as long as everything works as it should, all is good.
Oh, one thing:
Once you start trading with a live account, blank out your MT4 account number (‘3810198’, at the top left of the main MT4 window) whenever you post screenshots … for security reasons. Not good if everybody can see it.
Well, thanks it worked. see my screen shut. tp.bmp (297 KB)
I have been picking some pips today. I am grateful.
Before now, it wasn’t easy even with Demo. Thanks to you
all at babypips.
Oliver1968, you’ve made my day. Thanks.