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After a little e-mail conversation with one of my site’s visitors about the statistical expert advisor, example of which I shared publicly in August 2008, I’ve remembered about a more advanced version, which, while still isn’t profitable, can be a much better example and foundation for the future self-learning statistical EAs …

An almost perfect symmetrical triangles pattern has formed on the EUR/GBP weekly chart recently. The consolidation is clearly visible and follows the previous uptrend that has ended in December 2008. A breakout from this pattern may signal a beginning of the next long-term trend. A continuation breakout (bullish) is more probable in this …

EUR/USD trend: hold.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: hold.
GBP/JPY trend: sell.

…

EUR/USD went up significantly today on the background of the rising wholesale inventories in United States, but the main reason for the rally was probably in the Greece’s bailout expectation. The currency pair reached its highest level since Tuesday and is now trading near 1.3470.

Wholesale inventories continued to grow in February and increased by 0.6% …

Lionstone Investment Services is a new Forex broker with the conditions for opening the account and trading that are quite appealing to the Forex newbies. Its description was added to my site today. It resembles the good old Marketiva in many ways but also has its differences. The good starting conditions include …

The things are getting more and more disconnected these days. The oil is rising despite the increasing reserves. The dollar is going up despite the growing commodities. EUR/USD continued to decline today with the most probable reason still being the problems of Greece, but it may stop being the main driver …

EUR/USD went up slightly today, showing both upward and downward volatility before the U.S. fundamental reports hinted some continued improvement in the economy. After the reports were released, the currency pair retraced slightly from its higher intraday positions. EUR/USD is now trading near 1.3516.

Pending home …

One of the important characteristics of the Forex broker is its acceptable methods of deposit/withdrawal. A Forex trader needs to be able to deposit the starting capital comfortably and to withdraw the earned profit with ease. Brokers that offer some fast on-line methods to transfer the funds usually obtain more attention from the average Forex …

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: buy.

…

I often receive e-mails and comments from the visitors asking me about the MQL language, how and where to learn it. One way to learn MQL coding is to explore the existing MetaTrader EAs and indicators and try to understand their code using the built-in help files of the MQL Editor, modify the existing scripts and try …