Forex Blog

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…

Today I added my first MT5 expert advisor to EarnForex.com — AUD/JPY Wednesday 15:00 EA. This EA expert advisor is an implementation of the previously mentioned Forex trading strategy for AUD/JPY. Of course, this EA goes not only in MT5 but also in MT4 version. Both versions…

Trying to convert one of my MT4 expert advisors to MT5 I’ve finally realized what probably the biggest problem of new MetaTrader 5 platform is — the positions are now limited to one per Symbol (currency pair). In fact, the position can now be identified purely by its currency pair. That…

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…

Trailing stop allows you to automatically protect the profits with your positions. It adjusts itself according to the current market rate and the amount of pips you give it to trail behind. Trailing stop is a great tool for the conservative and long term traders as it easily creates protective «airbag» for the trades. There are two basic ways…

Many traders encountered strategies and expert advisors that produce highly stable loss as the result of their trading. The majority of those traders at least once considered a possibility of reversing the strategy/EA by switching the buy and sell orders, hoping to reverse the strategy’s results. In almost every case…

Many Forex brokers have started to offer 6 digit Forex quotes to via the MetaTrader 4 terminal recently. It has a lot of benefits for the scalping traders and opens up many new trading possibilities for others. But there seems to be a problem with almost all expert advisors that…

I’ve reworked the MetaTrader expert advisors page significantly, removing more than a half of the expert advisors that were poorly tested earlier and aren’t profitable according to my new test results. I’ve been testing all the expert advisors on the period from 11/19/2006 to 11/19/2007 and EAs that were successful on this…

Using Metatrader expert advisors is simple, but sometimes people get confused with it and after downloading a file with the expert advisor a user might get stuck with it without knowing what to do next. This a simple tutorial on how to attach an expert advisor to Metatrader 4…