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My Forex experience and some Forex related information that might be useful to other traders

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Forex blog posts about MT5 are presented here. You can click the selected excerpt's title to continue reading on 'MT5'.

Register for Automated Trading Championship 2011

June 1st, 2011

Another round of the Automated Trading Championship by MetaQuotes is coming — the registration process for ATC 2011 starts today. It’s your chance to win up to $40,000 by submitting an MT5 EA that would be trading profitably during the period from October 3rd till December 23rd …

Trend Indicator with Filtering Option

May 22nd, 2011

If you want some help in determining the current trend direction for your trades, then my new Dots indicator is for you. It’s based on NonLagDot MetaTrader indicator. Unfortunately, the original indicator is prone to repainting its previous chart arrows based on the new data and thus isn’t a good …

MQL5 Market + MQL5 Wizard + Testing Quality

April 27th, 2011

Among other useful changes and bugfixes, MetaTrader 5 update to build 439 introduced two completely new features and one good old feature back from MT4:

MQL5 Market is an App Store of MetaTrader — you can buy (or get for free) expert advisors, scripts and indicators developed by other traders …

MetaQuotes Tweaks MT5 Strategy Tester

March 21st, 2011

MetaQuotes added some really nice features to its Strategy Tester tool in the latest build of the MetaTrader 5 platform (build 420). Apart from the usual bug-fixing and some minor changes to the MQL5 coding language, the latest update also presents two completely new but long-awaited features:

  1. 3D visualization of the optimization

Classical Technical Indicator Based on Price and Volatility

February 8th, 2011

Chester Keltner developed his own version of the ”bands” indicator more than 50 years ago. Keltner Channel is an interesting and rather popular indicator, but, unfortunately, it’s not in the list of the standard MetaTrader indicators. I’ve found a basic implementation of the Keltner Channel for MT4 coded by some “Gilani” and used …

MT5 Build 381 Messes with Standard .Type() Methods

January 20th, 2011

Build 381 that was released by MetaQuotes for MetaTrader 5 yesterday had many useful changes, but it also messed up with the standard libraries, rendering some of the working expert advisors useless. The problem still remains as of build 384 and probably won’t be fixed in the next builds.

The change …

Extrapolating Forex Curves Using Linear Algebra Methods

January 11th, 2011

Anyone who have ever heard about extrapolation and about financial trading was tempted to try using some of those math methods for an advantage in trading. After all, it seems quite logical to assume that the price chart curve (Forex or stock, or any other security) is a function of some sort …

Doug Schaff’s Trend Cycle (STC) — Now for MetaTrader!

January 6th, 2011

Doug Schaff developed an interesting cyclical indicator for Forex trading several years ago. In 2008 he’s made it public. He presented a code of the indicator written for TradeStation EasyLanguage. Unfortunately, until now there weren’t any correctly converted versions for MetaTrader. I’ve found several variants …

Tom DeMark’s Oscillator — REI

December 17th, 2010

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

See Moving Average as Japanese Candlesticks

November 29th, 2010

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 …

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