Archive

I’m currently reading Tom DeMark’s The New Science of Technical Analysis and I’ve encountered a description of an interesting indicator there — Range Expansion Index. Tom explains it in details but the explanation is rather confusing. Fortunately, it’s accompanied with some strange piece of code (for the Logical Information Machine…

I’ve always wondered why some traders choose to use moving average calculated on Close, some on Open, some on High and some on Low. The resulting curves can be quite different and its difficult to decide which one is better for analysis. Moving Average Candlesticks solves the problem by displaying the moving average …

Sometimes, especially during backtesting or in case of a badly designed expert advisor, the OrderSend Error 134 (or ERR_NOT_ENOUGH_MONEY) appears in the Journal log of your MetaTrader platform. In MT5 this error is called TRADE_RETCODE_NO_MONEY and has a code 10019. The reason for this error is the same for both versions of the platform — lack of free margin to execute …

OrderSend Error 138 (or ERR_REQUOTE) may appear during the execution (but not backtesting) of the MetaTrader expert advisors (only in MT4, as the MetaTrader 5 platform uses a different system of OrderSend error codes). Error 138 means that the broker replied with a ”Requote” signal to your expert advisor’s OrderSend function. …

Detrended Price Oscillator is the latest free technical indicator that was uploaded to EarnForex.com. Like its name suggests, DPO is an oscillator that shows the changes of price direction. The ”detrended” part stands for being able to produce signals even when the small changes in the trend are in effect. The MT4 version …

No, it’s not about losing pips in poor trading or mourning for your deposit. It’s about an indicator developed by Edward Coppock in 1962 for the Episcopal Church (for their investments, of course; not for their religious needs!) It was a long-term indicator for stock investments and the main idea behind it were the periods of ”mourning …

I’ve created my second double-version (MQL4 and MQL5) indicator this week. It’s a Market Profile indicator that displays the statistical distribution of the prices in time. Market profile technique is quite popular in the stock market price action analysis and can be used quite successfully in Forex (for daily sessions). It …

OrderSend Error 148 or ERR_TRADE_TOO_MANY_ORDERS can be a rather frequent MetaTrader 4 error message, especially if you are trading on some demo/real contest account. The error means that you are trying to place an order or open a position when the maximum amount has already been reached. Some Fore …

Forex VPS is a service that helps traders to deploy their expert advisors on a dedicated server that will be running 24/7 without interruptions, independently from the trader’s own computer and without any efforts from the trader’s side. VPS hosting companies usually charge from $10 to $99 per …

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 between …