Serving Traders Since 2005
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 …
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 …
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 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:
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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 …
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 …
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 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 …
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 …