Serving Traders Since 2005
As of today, the latest free e-book that was added to EarnForex.com is “The 5 Steps to Becoming a Trader” by an unknown author. This extremely short (only 5 pages!) PDF e-book lists and describes the 5 steps of becoming a Forex trader. The steps are the fundamental psychological levels that are passed during the learning …
3rd Generation Moving Average was added to the list of the Forex indicators on my site today. It’s built according to the principles laid out by Dr. Manfred Dürschner and offers the least possible lag, preserving the price smoothing property of the MA. This indicator has already been coded before me, but …
Almost one month has passed since I last posted about my Road to ATC 2011. Some important changes were applied to my MT5 expert advisor that I plan using during the contest. After a period of extensive back-testing the EUR/GBP pair was substituted with EUR/USD and Z-Score optimization was …
Last time, I’ve modified (with the help of a fellow Japanese MQL coder) the standard Trade.mqh library to use the order and position size limits set in the ATC 2011 rules. I’ve also promised to discuss the process of dealing with the harsh trading conditions of the championship in the next journal issue. But, since it …
The modification of the EA to make it multi-currency was a tough job and resulted in a heavily modified code of my MT5 expert advisor. Today, I’d like to turn my head to a less complicated yet very important issue — proper position sizing in the ATC EAs.
The Problem
The ATC 2011 rules state:
The minimum trading amount
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OK, two weeks since my last RTATC2011 journal entry and it’s time to share my progress and offer first interesting downloads. So far, I’ve considered two different trading strategy ideas for my ATC 2011 EA:
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If you want some help in determining the current trend direction for your trades, then my new Dots indicator is for you. It’s based on NonLagDot MetaTrader indicator. Unfortunately, the original indicator is prone to repainting its previous chart arrows based on the new data and thus isn’t a good …
Today, I present an improved version of my CandleWicks indicator. From being a simple alert script it becomes a more or less real indicator with some on-chart display. By the request of one of our forum users, I’ve coded a candle wicks length display feature for this indicator. It will show …
Few days ago a member of our Forex forum has asked for an EA (he actually meant an indicator) that would notify him by e-mail whenever a candlestick closes with a wick (shadow) exceeding a certain length. I couldn’t find such an indicator on-line and decided to code one myself. Since it doesn’t …
Recently, NFA has published a revised edition of its educational guide for the retail Forex traders. I’ve asked them for a permission to offer this valuable e-book to my site’s visitors and they’ve allowed me to openly share it. So, now the guide is available for download from our Forex Books for Beginners section. …
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