Archive

Another free e-book was added to EarnForex.com today — Killer Patterns by Philip Birchley. It’s very short — just 22 pages, including title, disclaimer and other “service pages”. The e-book talks about the strategy based on the MACD indicator and the chart trend lines. It’s very simple and easy to implement. Unfortunately, …

BB MACD indicator has been converted to be compatible with the MetaTrader 5 platform. It’s a simple visual Forex indicator that displays the Bollinger Bands on the custom MACD indicator, shown in the separate window of the chart. It wasn’t an easy MQL4->MQL5 conversion, mostly because of the lack of …OnArray() functions in the new MetaTrader. …

I’ve added a new Forex strategy to the site today. It’s called MACD Divergence Strategy and is based on the phenomenon of divergence between the chart trend and the trend inside the MACD indicator window. It’s a nice strategy if you like to use the standard indicators and want to catch pull-backs on trend reversals. But it …

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 …

Today’s update to the MetaTrader expert advisors on my site isn’t very original. For many people MACD Sample expert advisor was the first EA that they tried on the MT4 strategy tester. It’s a well known sample advisor from MetaQuotes, designed to show the basic Forex strategy implementation for the …