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…

I’ve done my first conversion of the MT4 EA to MT5. Although it’s not my first EA written for MT5 (the first one was AUD/JPY Wednesday 15:00), it’s the first one converted. I must say that I was quite pleased with the MQL5 and the whole MetaTrader 5 during this conversion process. The pull-back…

An interesting service is offered by BostonTechVPS. It’s a MetaTrader 4 VPS company that allows traders to trade via MT4 through the web-based interface. After you sign up for this service, you’ll be able to access your MT4 platform (with all its indicators and expert advisors)…

The new position system of MetaTrader 5 (no-hedge FIFO) is quite different from what the Forex traders used to see in MT4. It spurred many flame wars on various Forex-related forums and made many worthy traders believe that trading with new MT5 adds extra costs to trading (in a form…

I’ve converted my first histogram MetaTrader indicator from MQL4 to MQL5. It’s a Fisher indicator. I was asked by one of the site visitor to make it my next conversion. As this indicator looks quite popular (5th place with more about 500 downloads monthly), I’ve gave it a try.…

I converted my second MT4 indicator MT5 today. It’s Price Alert. I’ve created and published its MT4 version on April 27th this year. This time it was much easier to convert from MQL4 to MQL5 language (compared to my first experience). There were two main differences…

Two weeks have passed since the MetaTrader 5 public Beta version has been released. In MT5 a completely new order/position system is introduced; it doesn’t allow hedging and allows only one open position per currency pair per trading account. It simplifies the trading by removing…

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…

I’ve had my first experience with the MetaTrader 5 indicator coding. It took me two days to rewrite one of my old MT4 indicators to MT5 (actually it was rather a conversion from MQL4 to MQL5). It wasn’t very easy — in fact I’ve expected some sort of backward compatibility, albeit…

Latest Forex broker that got listed on my site is Alma Forex — a really easy entry-level broker that supports MT4 trading platform and cent accounts. I call it an entry-level broker because even those who believe that Forex isn’t something easily accessible can try it out by spending only several…