Nick’s Lessons #2

Setting up your Console

When news comes out and the broker’s server gets overwhelmed causing your MT4 desktop to hang for hours, you better know what is happening and have means to interact.

Therefore you should download an MT4 mobile version.

You would need a usable size screen as well as good coverage.

A Samusung A70 may be excellent screen wise, but has issues connecting to a wireless network versus my A20 work phone. I have 2 different providers as well. 20 gig data, but I never even use 5 – only need the 4G when commuting.

What to plot on the phone?

MOVING AVERAGES

I have E32 in a dark yellow shade on the closes.

E16 in blue on Median Price.

E67 in Maroon on the Highs

E67 in Maroon on the Lows

E414 in olive green on the Highs

E414 in olive green on the Lows

E828 in blue on the Highs

E828 in blue on the Lows

E1556 in magenta on the Highs

E1556 in magenta on the Lows

E207 in lime on the Highs

E207 in lime on the Lows

Add Fractals perhaps

INDICATOR Window 1

RSI2 on Median Price

INDICATOR Window 2

STOCHASTIC simple 9,3,3 on low/high, main in background colour, signal in red

STOCHASTIC simple 30,3,3 on low/high, main in background colour, signal in green

STOCHASTIC simple 60,3,3 on low/high, main in background colour, signal in black

since allrelativ moving avearges are relative to the time frame, you should not be switching off between the time frames

Camp out on 1H, and visit 15 on occasions to see get the push count right on the RSI2.

For the desktop, turn off automatic updates and use a more steady operating system, such as Windows 10 Pro.