What a hard stuff is that about programming on MQL4. I guess I'll try some EA I just want to find out if they work for me as a strategy, whether work or not I am currently trying to test every single strategy since it seemed to me the best path to build a method for my own.

i got a question here about some ideas i read in some other forum. This guy talked about a strategy based on the 15M TF without using any indicator, just using the candles chart. The statement affirms that indicators could show you only past events, and because of that we are only trading over past facts. what you guy think about it? it has sense to me in some way.

Well I find it very possible. When I first began trading the only thing I did was look at the candles and try to predict what the markets next movement was going to be. Let me tell you I got on my second trade, I'll never forget it, 600 pips. Maybe it was luck or maybe I just did a very good analysis. The point here is that that type of trading, if done well, can be very profitable, I think.

Jatrevor, you could say that is basically it. Think twice buddy, when you enter a position what do you base your decision on? What has happened, you try to guess what’s coming based on what you saw before.

I guess indicators showing you reversal trends get to show you the entries and exits, but when it comes to plan your strategy, S/L, T/P ans S/R I guess a PA analysis would happen more profitable, so i guess I belong to those who base decisions on Price Action and Candle analisys.

Another good tool that you can take advantage of when you want to determine entry and exit levels is the Fibonacci system, take a look at that and you’ll see why some of the most profitable traders rely on that method, currencies value tend to reach the values determined by the Fibo.

Sure it is, fibo is the best strategy to measure exits and entries. Use it with a trend indicator. Though Fibonacci levels show you patterns is better to use it along other indicators whether trend, volume, volatility.

Fibonacci numbers is a tool that goes even beyond trading, it can be applied to nature, art, or anything you can imagine.

This are the Fibonacci proportions relevant to Forex:

0.382 or 38.2%
0.50 or 50%
0.618 or 61.8%
0.786 or 78.6% Usually this level is adjusted to 76.4% on Metatrader platforms (34/144 = 0.764 or 76.4%) There’s a frequent price retracement at this level and it is very used by Forex traders.
1.27 or 127%
1.618 or 161.8%
2.618 or 261.8%

Oh you could help me here dear. I've been trying how you apply those percentages to the MT4. I don't get how getting those proportions, if that's how they can be called, are going to help you establish a trade. Do they give entry points o determine S/R or S/L and T/P. I'm really confused here, please help.

S/R I guess you’re referring to support and resistance, which are used to determine S/L and T/P or in other words entry points.