OsMA indicator and mechanical automatic trading
Hello,
you're so welcomed to combine with my new thread about a well known index OsMA.
First of all, I am not native in english , so please forgive me if I did not explain , compose or answer in good english.
Well, I'd completed few threads about my experiments in forex and about some of those eigies that it may be a victory with some of you and me too.
But the question is where I had been thinking of it because long time, MT4 has some built in indexes and also the inventors and coders of those MT4 are smart programmers and they've made this particular system , so why am I still looking and trying to write more complex codes ?
Why not to use their first systems?
I do not here sell anything whatsoever...
and I want here to be very apparent that this system is to edue the newbie traders that the entire life with forex does not require complex systems...
I had been watching the you tube b4 few days back in arabic films of forex and english too and I watched numerous arabic crazey forex titles for example black dog egy , the elf trading system, the GOOD believers trading system... and all are imitation and bullshits.
So I have decided to create this thread like I know my name is a well known arabic popular name and many newbie arabic traders mostly and many others are confused and losing money bcz of the complex systems so this a try to assist
illuion of simple osma trading
https://www.cliqforex.com/attachment...1513068091.jpg
I was really fed up with all wrong theories and imitation approaches published by arabic scammers on you tube and with the ones that I'd read in the internet, also drained from the repainting indiors.
I built more than 1000 's of Ea's to each concept or plan which I discovered it in the internet and I had been thinking it's going to make income... I was really wasting my time...
the evie is simply that still you are reading my points looking for a hint for greater concept to overseed your recent egy and to have more income from this non random market.
Yes it is not arbitrary.
And yes the big gurus won't use stop loss.
And yes losers are 93 percent of forex traders.
I am really fed up.
If I open the transaction to the north then the marketplace will visit the south west.
If I open the transaction to the south then the marketplace will visit the north.
I reduced my leverage from1:500 to 1:100 afterward 1:10 and still, the ea or the plan I am using will fail after couple of days or weeks...
then why not, let us return to the old school.
I checked macd, osma, stoch....etc
then I have noticed that the marketplace like I do think is controlled with gaint servers and gaint hidden players and there is a pattren . . OMG. It is apparent that I had been trading in the wrong way.
I will not take long time from you
to make the story short.
And like I gave up trying new systems, I chose to return to old school
OsMA:
why not ?
It will show you the trend on each time frame.
It will show you the high high, low low, low high, high low, resistance and support areas yes true, it is going to give you signals about the counter tendency, the retracing, the bulls, the bears... wow.
For fashion trading it's good
for counter trading it's good
it's simple
but it's one redraw ... it's a laging index.
The way to overcome this flaw ///// laging in the OsMA, and sorry I won't keep typing it as OsMA. . I will make it osma - easier for typing
lagging
meaninig of lagging to get a coder :
if I would like to use the recent bar, I will not be able to take any usefull details as the recent bar will respond in accore with the price management, if the recent bar goes up the snake head of this osma will move up in the recent osma bar, and at precisely the same time, when the price goes down, the snake head of this osma will move down until the period is over and fresh bar is established then the bar called recent (bar 0 ) will become bar 1 ( old bar)... but the good thing is that :
it won't REPAINT THE OLD BAR ... BAR 1 END VALUE WILL STAY CONSTANT... ABOVE ZERO ... OR UNDER ZERO ... OR SIMPLY ZERO.
