Archive

Many traders ask me for the detailed descriptions of the Japanese candlestick patterns that are detected by the MT4 indicator Pattern Recognition Master. So, here’s the list of the patterns that it can recognize with the corresponding chart pictures and signal descriptions:

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Bearish patterns
	Shooting star. Can signal an end of the bullish trend. Should be confirmed by other

If you are still searching for the right Forex trading strategy, then you’ll probably like the free ebook that I added to my site today: The Day Trade Forex System by Erol Bortucene and Cynthia Macy. The strategy, which is offered in this book, is for intraday usage and …

Heikin-Ashi is charting technique (which can be even called an indicator) that substitutes the traditional Japanese candles on the chart with the more «balanced» versions of the candles. Each parameter of a candle — Close, Open, High and Low — is derived from the common candle’s parameters via the special formulas. The purpose of this charting technique is to eliminate the irregularities present …

The Japanese candlesticks is a nice tool of trading for any chart-trader. Some Forex traders prefer to trade on the bare charts without adding any indicators. The candlestick patterns are used as the entry and exit symbols in many cases. But it’s not an easy task to constantly recognize those …

Trade Assistant is the second multi-timeframe indicator after TRO MultiPar, which I’ve posted in April. I’ve found this indicator on the forex-tsd.com forums; it was originally created and posted there by Tom Balfe. As with other multi-timeframe indicators it looks very nice and informative with the …

Two new MetaTrader indicators are now available for download from my site. Both indicators come from forex-tsd.com forums. They are very different, but they both looked quite interesting and useful to me.

1. Murrey Math Line X — indicates a set of support and

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A new indicator is available for download now — it’s TzPivots. It shows the daily pivot points directly on the MetaTrader chart. It’s easy to use — you only need to set two input parameters for it to work properly:

• LocalTimeZone — should be set to your MetaTrader server’s time zone

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I published a new complex MetaTrader indicator on the site today — it’s called Traders Dynamic Index. It has almost everything the Forex trader needs: trend direction indicator, trend strength indicator and the market volatility measurement tool. But despite these cool features it is very simple to use. This indicator was sent …

This tutorial covers indicator installation for MetaTrader 4. If you need info on how to install MetaTrader 5 indicators, please, read my Indicator Tutorial for MetaTrader 5.

There are many free MetaTrader indicators available on-line, but some people still encounter problems in attaching these …

Two new Forex e-books were uploaded to my site today, again, they are more articles than books, but I think that they fit better in Forex books section rather than articles, because they are finely formatted into the Word documents (EDIT: I’ve converted …