Free Trader Tools – Currency Strength Meter

Free Trader Tools – Currency Strength Meter

=== Pretty nice handy free tool I have been using for ages, shows me at a glance the relative strength of the main currencies.  Great tool from Henry Liu!  ====

Currency Strength Meter Explained

Here’s a brief description of CSM: a standalone program that calculates over 30+ currency pairs in real time and displays an at-a-glance view of the strengths and weaknesses of all major currencies, namely the USD, EUR, GBP, CHF, AUD, JPY, and NZD. The Strength readings vary from 0.0 to 9.0, with 0.0 being the weakest and 9.0 being the strongest.

The color code used in the meter is pretty self-explanatory, with:

BLUE as weak (0.0 ~ 2.0)
YELLOW as normal (2.1 ~ 5.0)
ORANGE as strong (5.1 ~ 7.0)
RED as critical (7.1 ~ 9.0).

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 For more Information check out: SOURCE

Download Software Link

Important: This is informative , Use under your responsablility


Free Trader Tools – Online Test “Type of Trader U R”

Free Trader Tools – Online Test “Type of Trader U R”

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Take the Test! Click here

You get a simplified and full report! Great stuff….

My Personal Results

I am a SPONTANEOUS TRADER:

One of Your Trading Strengths – You can trade a new system easily and comfortably using real money and small position sizing.

One of Your Trading Challenges – Because you get excited about new things, and like to share often, you can get distracted from that which already works.

What is your result? What type of trader are you? I would like to know!

What the Tharp Trader Test™ Is and Is Not

Dr. Van K Tharp, armed with a Ph.D. in psychology and several losing experiences in the market, realized that perhaps the poor results that he’d been getting in the markets had more to do with him than the markets themselves. So in 1982 the quest began for how he could become a better trader. He conducted in-depth research to determine the qualities that great traders and investors had, and his research uncovered ten distinct areas that were important to investment/trading success.

These studies led to the creation of a 176 question test called the Investment Psychology Inventory Profile based around these ten areas, and after testing thousands of traders over many years, it has proven to be a great indicator of success in the markets.

The Tharp Trader Test is a mini version of this extensive test that is designed to provide a snapshot of the various types of traders that Dr. Tharp has identified. Each of the types has its own temperament, personality, perception and interpretation that ultimately affect how the market is approached and traded. Some have a distinct set of core qualities that are great for trading, whereas others may find trading more of a challenge. There is no right or wrong trader type; it is merely an identifier of possible patterns that could enhance or block success in your trading, relationships and all areas of your life.

This is not a test to determine what type of trading you should be doing, or what time frame or markets you should be trading. Nor does it discuss the methods, techniques or systems that suit your trader type. All of these things are an individual choice based on your own objectives and lifestyles, which may differ greatly based on your age, location and circumstances. The test will, however, address how you most likely gather, store, comprehend and act on information about the markets. It will also provide you with details of commonly observed strengths and challenges of each type and subsequent solutions.

With only 35 questions, the Tharp Trader Test is not an exact science and some people may find that their answers place them on a borderline between two different types of traders. Because this is the mini-test, if you become really stuck, go back and re-do the test with the opposite answer and see if your trader type changes at all. If so, then read the solutions for both trader types and determine which traits resonate with you the most. This will enable you to deal with the strengths and challenges that most adequately represent your situation. Then you can work toward becoming the best trader or investor that you can be.

The Tharp Trader test only takes about 4 minutes to take, and you’ll learn a great deal about yourself when you receive your trader type. So why not begin right now?

SOURCE:http://www.tharptradertest.com/about.aspx

 


Free Trader Tools – Chart Arcade

Free Trader Tools – Chart Arcade

Practice from the Past! Fantastic Training and Simulating free tool!

What is Chart Arcade?

Chart Arcade is a stock market game that provides a fun and challenging environment for players to test their investing skills though the experience of buying and selling of historical stock charts. Comprised of thousands of real stock charts dating back to the early 1900s, players practice buying and short selling individual stocks based on price, volume and moving average lines.
LINK:http://www.chartarcade.com/

Free Indicator MT4 – BBands Stop V1

Free Indicator MT4 – BBands Stop V1

MT4 indicator (BBands_Stop_v1.mq4)

Forex MT4 indicator BBands_Stop

HOW TO TRADE WITH BBANDS_STOP INDICATOR

BBands_Stop indicator trading:
Buy when a red dot changes to green, Sell when a green dot changes to red.

Use BBands_Stop to trail your stops. Just play with indicator settings to define the best inputs for your trading. The one seen on the chart above uses length 9, deviation 2.0.

SOURCE: http://forex-indicators.net/mt4-indicators/bbands_stop

Forex MT4 indicator BBands_StopDownload Indicator –  BBands_Stop_v1.mq4


Free Indicator – Trend identifier – Forex Freedom Bar

Free Indicator – Trend identifier – Forex Freedom Bar

MT4 indicator (Forex_Freedom_Bar.mq4)

Forex MT4 Forex Freedom indicator

How to read Forex Freedom Bar

The indicator is based on CCI (Commodity Channel Index) indicator.
It lines us all CCI readings across multiple time frames, allowing to spot the moment when all CCIs signals agree on a trend. Red – uptrend,  blue – down trend.

How to trade with Forex Freedom Bar

There are no limits as to what time frame can be used for entries/exits.
This custom MT4 indicator also allows to choose the time frames to display.

Forex MT4 Forex Freedom indicator

Use the following parameters:

43200 – monthly time frame
10080 – weekly
1440 – daily
240 – 4 hour
60 – 1 hour
30 – 30 min
15 – 15 min
5 – 5 min
1 – 1 min

When all 4 time frames turn red – time to sell, expect a strong downtrend; blue – buy, strong uptrend.

Another use of the Forex Freedom Indicator is to observe and trade on price pullbacks.

For, example, if we have:

Daily – red, 4 hour – red, 1 hour – red, but 15 min – blue

there is a retracement on 15 min chart, it is a good idea to check out the 15 min price chart and watch for good entry opportunities at the end of the retracement.

Forex MT4 forex freedomMTF_Forex_Freedom_Bar.mq4

Source: Forex-indicators.net