Hello Theo,

I have been following your instructions in the e-book and first video up to the part where you clear the workspace and add the GBPUSD. At this stage I have done all of the above without being online. When I went to load the GBPUSD, the software popped up the 'Open an Account Dialogue' box. I just have a few questions regarding what inputs I should use.

1. I am assuming the fields with red characters are required fields and need to be completed.

2. The button 'Account Type'. What is an account type and what should I select?

3. The 'Leverage Button', which value do you suggest we use?

4. The field 'Currency', the default is the USD. I assume the value refers the currency held in the account, so for example, I live in Australia so I could have my account held in AUD, is that right?

5. The 'Deposit' field. Would it be an idea to start with the same amount I would be likely to deposit into a live account?

Pepe.

Hello Theo,

Thanks for the guidance, I'm up and running.

Just one question though, I how do I use the strategy tester? Does the software download data to my computer to use when offline?

I've just recently purchased a product called 'Forex Tester 2' to enable me to practice my trading without having to be connected to a data source as with the demo account.

Pepe.

Hello Theo,

Now you tell me. You want to swap a hardly used 'Forex Tester 2'?

On a more serious note, it appears that the updated version (build) of MT4 may be causing some concerns. I am not familiar enough with the software to know whether it is only an issue for the power users, ie, those who write their own scripts, EA's, etc. The following link at 'Forex Factory' goes into some detail but it is somewhat over my head.

** Register Here for Free Membership to see this image/link **

Pepe.

Hello Theo,

With respect to a membership upgrade, can I still apply your teachings in the VIP area to candlestick charts?

I have watched a couple of your videos where you use your 'WaveFX' charting method, but at this stage of my trader development, I would like to focus on interpreting price action/behaviour via candlesticks. I have several reasons for this. I may in the future trade instruments where the charting software may not have median-renko charts and if it does, may not allow your particular version to run. Another reason is I get to use the candlestick, swing and trend concepts I was first taught in the 'trading for dummies' workshop.

Theo, thank you for taking the time to read and respond to my questions. I appreciate that you need to focus your time and energies more on your VIP members. Given the lack of input into this forum from other free course members (either because they fully understand everything presented or decided to upgrade straight away), I can understand that it is a more efficient use of your time to place your focus where there is greater need and demand; and that given the VIP membership is paid, that you'd feel a greater professional obligation and responsibility to work primarily with those members.

Cheers,

Pepe.