When Scott Welsh puts his mind to something, he’s a man on a mission. From his early days as a budding Tennis pro to when he first started trading stocks and now forex robots.
Scott’s attitude to tennis is the same as his attitude to trading (go at it with complete and utter dedication, commitment and focus). But it wasn’t always that way. There were a few bumps in the road, as is usually the case.
These days Scott auto trades full time and teaches others how to do the same.
In the show Scott reveals:
- One change you can make that may revolutionize your trading
- Why he eventually chose Forex over Stocks (#jawdropper)
- Two indicators to help you pick the trend
- How the turtles traded to make millions
On his interview Scott Welsh stated that for defining/following the trend he uses so called ”Momentum” oscillator on MT4.
He mentioned the zero level as a neutral area, and if the value is above the zero line – momentum is up. Less than zero line – momentum is to the downside.
Unfortunately, I can not see on my MT4 platform such values..
Here is an example from the literature:
I would expect some clarification.
MT4 does the Momentum Indicator different from some other platforms that Scott, I believe, is more familiar with.
On MT4 I think you can achieve the same but instead use the 100 level.
Hope this helps.
Appreciate your prompt reply!
Listening to your interview again ……..it will prove my remark:
Time: 41:06; 41:23 (generally – between 41:00 and 41:35)
your question:”What is your prefer broker or trading platform?” his answer is:
“MT4 ONLY” (time 57:14)
We actually looked at that indicator on the chart after the show, together, and he was as surprised as I was that it was 100 instead of zero… flick him a mail and I’m sure he’ll concur 😉