Forex Blog

Today I’ve added another e-book on the psychology of trading to my site. It’s The 7 Deadly Sins of Forex (and How to Avoid Them) by Marc Low. The e-book is rather short, only 24 real pages, but it’s an advantages as it says only that what should be said about its…

Today I’ve finished the tests of both versions of my new MetaTrader expert advisor and uploaded it to the site. It’s called Adjustable MA and is available for MT4 and MT5. It allows a rather deep customization of the moving averages and other parameters of the EA. It’s a rather basic expert advisor that trades on a cross…

The latest trading e-book that has been uploaded to my site is “Trading as a Business” by unknown author. It’s difficult to categorize this book as it’s quite unusual. It tries to teach the reader to treat the financial trading (for us — it’s Forex trading) as any other business, with it’s income and spending,…

If you are interested in learning more about various chart patterns that can be used in Forex trading or need to gain some basic knowledge on some simple technical indicators, then the latest free e-book that was added to my site today is for you. It gives a detailed description…

MetaQuotes Software Corp., the developer of the MetaTrader software series announced yesterday an open beta testing for its new long-awaited product — MetaTrader 5 terminal. It’s a great event for many Forex traders, indicator and EA developers, Forex brokers and other currency market participants that will be benefiting from this…

The latest trading e-book that was uploaded to the site today is Core Point and Figure Chart Patterns, which lists some interesting patterns that can be analysed on the point-and-figure charts. Point-and-figure charting is a special way to represent the market data, where the chart bars don’t depend on time…

A new trading e-book has been uploaded to my site today. It’s Money Management and Risk Management by Ryan Jones. As the title of this book goes, it’s about money management — one of the most important parts of Forex trading (and not only Forex, but any other financial…

Another MetaTrader expert advisor was added to my site today — MACD Pattern. It’s based on the MACD patterns (Moving Average Convergence/Divergence), specifically for EUR/USD H4 chart. It shows quite interesting back-test results but, unfortunately, has also two major problems. First, it has more than 27% maximum relative…

More than 6 months have passed since I’ve updated expert advisors section with a new EA last time. So, today the new addition is ready to be downloaded by the traders. myPickyBreakout was inspired by test presented in the latest issue of the Currency Trader Magazine. It’s based on a simple breakout…

You’ve probably seen the standard MetaTrader ZigZag indicator that is capable of drawing lines from one chart extremum to another. It looks good and neat but it has two disadvantages: it’s not very accurate and it also has a bad delays for detection, because it is quite linear in its nature.…