Every few weeks I go through a refresher course with the charts. Printing them out and handwriting notes on them instead of looking at them on the screen and making mental notes are vastly different. I am a firm believer that when you put pen to paper things stick to the brain a little better. The two .pdf files here are the charts from 2007 for the EURUSD. One file is the 4 hour charts and the other is the 1 hour charts. On the 4 hour charts there is a numbered vertical line through the Sunday open. The 1 hour charts have the same numbered line as well. The numbered line on the 1 hour chart corresponds with the same numbered line on the 4 hour charts. This makes it easier to find the same time on both charts. If you do not trade the EURUSD it does not matter. The 'homework' here is to look at the MACD patterns and how price reacts to the moving averages. So, print them out and go to your room. No, I still haven't cleaned mine. Right-click on the icon and save.

To download the MACD v102 colored indicator by 'irusoh', and the 4 hour and 1 hour chart templates in .zip format click the left chart icon below. If your forex broker uses decimal pricing, an extra digit, click on the right chart icon for the MACD v102decimal colored indicator.

If you are new to Metatrader please click the link below for directions on how to load indicators and templates.

I'd like to thank 'stockwet' at the Forex Factory for allowing me to hack, or edit I should say, his RapidFire script code. And, thanks to 'Richard7' and 'elvado1' for helping out to make sure that these scripts are doing what they are supposed to do. These scripts will make it a lot easier to enter multiple orders (3) at the same time when a Rb or Rt occurs and you have three profit targets in mind per the moving averages.

How they work: The BUY scripts will only buy 3 seperate postions at the current ask price and the SELL scripts will only sell 3 seperate positions at the current bid price. There is a +/- 3 pip slippage in the event that the current price moves up or down while the order is being processed. During testing there hasn't been any slippage. In other words, all 3 orders had the exact same entry price. There are only two variables that you have to enter and they are described below:

Order1LotSize

This is the size of the lot that you want to open for the first order. Enter 1.0 for a standard lot, 0.1 for a mini, or .001 for a micro lot. Yes, you can enter lot sizes such as 0.2 or 1.5. Any lot size that your broker allows should work. Order2LotSize and Order3LotSize follow those same inputs.

TakeProfit1

TakeProfit1 is simply the profit target for the first order. Order1LotSize and Takeprofit1 are the inputs for the first order. Order2LotSize and Takeprofit2 are the inputs for the second order. While Order3LotSize and Takeprofit3 are the inputs for the third order. You can leave this as 0.0 and enter the take profit price later by modifying the order after it is opened.

*** IMPORTANT***

There is no input to enter a stop loss with the orders. It is up to you to enter a stop loss after each order is opened for each of the three positions.

Please open a demo account with your broker to test the scripts and get familiar with how they work. In order to buy or sell a given currency pair the script must be dragged on to the correct chart. In other words, if you want to buy three EURUSD you must drag the RapidFire.BUY.3.EURUSD on to the EURUSD chart. If you are not familiar with how to import scripts into MetaTrader 4 click the link below for help