Serving Traders Since 2005
(This post will be interesting only to the MQL coders.)
One of the most overlooked parameters of the Forex expert advisor that can be used in optimization of the trading results is the set of weekdays for the EA to trade on. Different strategies are good under different market conditions. And the market conditions tend to vary …
EUR/USD was falling at the start of today’s trading session, but later surged. It now fluctuates, but retain its upward trend. Reports from US were good today, yet they may actually aid the euro more than the dollar, as they eased concerns for global economic recovery. EUR/USD …
(This post will be interesting only to the MQL coders.)
Multi-currency expert advisors were possible even with MetaTrader 4, but there were too many problems with building, testing and using them. The new object-oriented model and improved strategy tester of the MetaTrader 5 allow a wide use of the EAs …
When opening a Forex position it’s very important to consider your own maximum risk tolerance, which usually depends on the account size and the stop-loss of the said position. Risking only a small fixed fraction of your account balance is a nice way to limit your losses and to organize the whole trading process. But …
EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: buy.
GBP/JPY trend: buy.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2443 | 1.2534 | 1.2714 | 1.2805 | 1.2985 | 1.3076 | 1.3256 |
EUR/USD currency pair is rising despite the good news from US labor market. Reports about employment were surprisingly good, especially considering grim forecasts. Non-manufacturing PMI, on the other hand, declined more than expected. EUR/USD trades currently near 1.2868.
Nonfarm payrolls declined in August at the same …
The euro was declining at this Forex session against the dollar, than surged and now falling again. Values of jobless claims and nonfarm productivity in the US were near forecasts, but pending home sales presented a pleasant surprise for traders, growing significantly. On the other hand, factory orders rose less than expected. …
The dollar declined versus the euro today after ADP unemployment rate and total construction spending posted readings that were noticeably worse than expected. Manufacturing also showed surprising result, only this time it was positive surprise. EUR/USD trades currently at 1.2818.
ADP unemployment rate posted …
