August 17, 2012
Aug 16, 2012: Lets talk Oanda and Java MT4 Part 2

Technical tools.

When it comes to looking at charts, I always like them as big as possible. At the very top right of the main price chart is the button to open up the chart in a new window. Regardless of new window or not, from here you can click the line to put in trend lines and draw fibs, or click on the chart to add a study/indicator like RSI or stochastics or MACD. Also, next to that line tool is the chart options tool, and if you feel like there are too many lines you can get rid of the minor grid. Then at the top is an option to change the chart to candlesticks (how the hell do you even read a high/low chart? o_o) and if you want, customize the candlesticks so that the rising ones are green and the falling ones are red. Whatever floats the boat. After everything is good to go, go back to the main window if you’re not already, and go to Account, and Save current profile. Whenever you open up oanda it’ll be with the indicators and trend lines you left on it! very useful.

The last tool I found which was kinda cool under chart options->show historical trades and orders. it’s a very easy way to track what’s been going on, in case you didn’t want to read the tickets at the top and were asleep during a trade or something.

There are only 2 marks, with 2 colors: Blue and Red Triangles and Circles, which are pretty easy to get:

Triangles are executed positions. A buy is a blue triangle, whereas as sell is a red triangle, regardless of whether it was a short or long. Red circles are for triggered stop losses, and blue circles are for triggered take profits. Ezpz right?

ATM, my person set up is with 1 extra pop out window, generally a AUD/USD 1 hour or 4 hour chart, with RSI, Stochastics, The previous day’s high/low, and the 25 and 50 SMAs, which I’m debating if I still want around or not. My minor grid is on, and I take historical prices off.

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