Archive

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. This …

Another nice indicator that is capable of detecting the trend changes and showing the current trend’s strength and direction was added to the list of MT4 indicators on my site. It’s a histogram indicator, meaning that it doesn’t trash your chart but rather displays itself in a separate window below the main chart window. …

One of the most obvious and easy ways to improve your trading results and organize the whole Forex trading process is to use a trade journal to log every trade that you make. It’s an almost unknown fact among Forex beginners, but even some experienced traders still trade without such journal. …

The new indicator that I’ve created recently (based on the idea of one of my site’s visitors) can help every Forex trader that uses MetaTrader platform. It can notify traders when the currency pair rate (or price) reaches a certain level, goes above some level or goes below some level. …

The new e-book (actually an article excerpt from the Futures Magazine) was uploaded to my site today. It’s about the risk control and money management in Forex and elsewhere. The whole book is only 4 pages long, but it succeeds in introducing the most important approaches to money management …

I’ve found an interesting MetaTrader indicator on one of the Forex forums recently and today I decided to upload it on my site to allow other traders download it freely. It’s called CCI Arrows and, as its name suggests, it is based one the standard MT4 CCI (Commodity Channel Index) indicator. It detects the CCI crosses with the zero level and draws the red …

Jay Lakhani is a successful Forex and stock trader with a great experience as a mentor for the newbie Forex traders. He believes that the trader’s psychology and the money management basics should receive much more attention during the learning process than the usual market theory. His …

This question is often asked by the traders that know who George Soros is. Unfortunately, there is no definite and accurate answer to this question. But it’s possible to model his trading behavior and understand what should be made by Soros-wannabe to reach the same level of the market intuition. Flavia Cymbalista, …