Line Chart: you can switch the indicators to draws divergence lines to the MT4's Line Chart.
Candle Body Filter: until now our indicators filtered automatically the divergence lines that go over the candle-bodies. From now you can turn off this filtering if you would like to.
The EXAMPLE page is extended with a very important part of forex trading. We give you a short description and some advice about the Risk Management, including the placement of Stop Loss, the RR Ratio, the Lot size calculation, etc. We believe that no one can be a successful trader without this knowledge.
We are happy to announce our two new addon indicators:
Williams %R Trendline (with MTF and alert functions)
Williams %R Divergence (with alert functions)
One new feature for all indicators:
Smarter Update Method: From now, all TrueTL indicators have a simple file name without version number. If a new update is released, simply you can overwrite the indicator's files (automatically with our installer or you can do it manually from the zip file), and you can use continuosly the new indicators with your saved template and settings. The indicator settings panel's first field contains the actual version number.
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The two new features are based on many customer's requests:
Improved alert functions: New alert function in the main trendline indicator (coming soon in addon indicators): from now, you can set an alert when the indicator is redrawing the trendlines, and their positions are changing. Furthermore, the alert message contains the type of alerted trendlines. For example, you will know if a broken trendline is a Normal / Long / 3Touch / Narrow trendline.
Line Chart compatibility: The Metatrader has three chart mode: Bar chart, Candlesticks, and Line Chart. Until now TrueTL worked with the first two, but from now it can draw the trendlines on the Metatrader's Line Chart.
You can find the complete changelog on the UPDATE page.
Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.
Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.
In addition, trading on a margin basis means that any market movement will have a proportionate effect on your deposited funds. This can work for you as well as against you. The possibility exists that you could sustain a total loss of initial margin funds.