Oct 13, 2012

How to create a default chart setup in MetaTrader 4

By saving a template with the name Default (Default.tpl or default.tpl), every time you open a new chart, MT4 will automatically use the template named “Default.” To do this, create your preferred chart (e.g. color, indicators, etc.), then right click the chart and scroll down to “Template,” then “Save Template.” The Save As box should […]

Piet Hein

“The road to wisdom? — Well, it’s plain and simple to express: Err, and err, and err again, but less, and less, and less.” – Piet Hein

Frost and Prechter

“You can’t “wish” the market into action; it isn’t listening. When the markets rest, do the same.” – Frost and Prechter, Elliott Wave Principle

Frost and Prechter

“…one of the hardest things he had to learn was to believe what he saw. If you do not believe what you see, you are likely to read into your analysis what you think should be there for some other reason. At this point, your count becomes subjective and worthless.” -Frost and Prechter, Elliott Wave […]

Bob Iaccino

“Never increase risk; Only reduce it.” – Bob Iaccino

Bob Iaccino

“No money is made until profits are taken, no money is lost until stops are hit.” – Bob Iaccino

Robert Rhea

“Hamilton advised that speculators should learn to take losses quickly and let their profits run. He believed that PRIDE OF OPINION was more responsible for losses than any other single factor.” – Robert Rhea, The Dow Theory

Robert Rhea

“It would be possible to offer endless instances of people who lost money in Wall Street because they were right too soon.” – Robert Rhea, The Dow Theory

William Gann

“Your first thought must be how to protect your capital and make your trading as safe as possible.” – William D. Gann, 45 Years In Wall Street

Oscar Wilde

“In matters of grave importance, style, not sincerity, is the vital thing” – Oscar Wilde, The Importance of Being Earnest