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Most Trending Currency Pairs in Forex + TrendStats Script

February 17, 2020

Quite some time has passed since I published my last post on the Forex pairs that trend the most. A lot of stuff has changed since then and because a lot of readers have asked me to post an update, I am finally doing it today. But not only that, I am …

Forex Brokers Update — February 16th, 2020

February 16, 2020

We had one new addition to the list of Forex brokers on our website this week:

CMS Prime — an unregulated FX company from the United Arab Emirates with MT4 and MT5 platforms available for live trading. Their minimum account size is rather high at $1,000, but they offer …

Weekly Forex Technical Analysis (Feb 17 — Feb 21, 2020)

February 15, 2020

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.0656 1.0741 1.0786 1.0872 1.0916 1.1002 1.1046

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.0731 1.0765 1.0861 1.0895

EUR/USD Flat, Largely Ignoring Economic Data

February 14, 2020

EUR/USD was flat today, having a limited reaction to economic data. While the currency pair rose after the release of US retail sales and fell following the release of the sentiment index, overall there was no clear trend today.

Retail sales rose 0.3% in January, matching expectations. The December increase got …

EUR/USD Drops on Economic Data, Risk Aversion

February 13, 2020

US macroeconomic reports released today were good, supporting the US dollar. Annual consumer inflation accelerated from 2.3% to 2.5%. Unemployment claims rose just a little bit and less than was expected. Meanwhile, the euro was under pressure from poor eurozone economic data and risk aversion caused …

Forex Brokers Update — February 9th, 2020

February 9, 2020

One new company has been added to the list of brokers on EarnForex.com this week:

Invest100 — a Forex broker regulated by the FSCA of South Africa with a $250 minimum, crypto trading, and a custom trading platform.

Some of the previously listed brokers have been updated:

Weekly Forex Technical Analysis (Feb 10 — Feb 14, 2020)

February 8, 2020

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.0741 1.0842 1.0892 1.0993 1.1043 1.1143 1.1194

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.0829 1.0868 1.0980 1.1018

EUR/USD Sinks After NFP Exceeds Expectations

February 7, 2020 (Last updated on February 9, 2020)

EUR/USD dropped today after the release of US nonfarm payrolls. The currency pair attempted to rally after the initial decline but resumed the drop later. While employment growth exceeded expectations by a wide margin, the unemployment rate and wage inflation failed to meet predictions. But markets paid more attention to the positive part …

EUR/USD Little Changed Despite Negative Eurozone Data

February 6, 2020

EUR/USD traded about flat today, ignoring the unexpected decline of German factory orders. (Event A on the chart.) The currency pair got support from the positive market sentiment, caused by hopes for a cure for the Wuhan coronavirus and the reduction of Chinese tariffs on US goods. US economic reports came out better than …

EUR/USD Sinks, Extends Decline After Positive US Data

February 5, 2020

EUR/USD fell today and extended its decline after US employment data provided a big positive surprise.

ADP employment rose by 291k in January, far above the forecast reading of 157k and exceeding the previous month’s gain of 199k. (Event A on the chart.)

US trade balance deficit was at $48.9

Most Trending Currency Pairs in Forex + TrendStats Script

February 17, 2020

Quite some time has passed since I published my last post on the Forex pairs that trend the most. A lot of stuff has changed since then and because a lot of readers have asked me to post an update, I am finally doing it today. But not only that, I am …

New Indicator to Trade Price Action — Basing Candlesticks

December 2, 2019

Quite some time ago, one of our forum members asked for an indicator to detect basing candles in MetaTrader. Today I present a new free indicator both for MT4 and MT5 — Basing Candlesticks.

It is a minimalistic indicator that compares the body size of the candle against its high-low range and, …

Color Market Profile Based on Bullish/Bearish Bars

October 18, 2019

Our Market Profile indicator has received another major update today — version 1.13 implements the following changes:

Market Profile blocks (TPO’s) can now be colored according to whether the original bar is bullish or bearish in contrast to the bar being older or newer. This might be useful to quickly …

My sRs Trend Rider 2.0 Test and Review

July 23, 2019

Disclaimer: I have received a free copy of sRs Trend Rider 2.0 for review, but I am in no way affiliated with Vladimir Ribakov.

sRs Trend Rider 2.0 is a trading system, which includes a set of expert advisors and indicators as well as an explanatory ebook. The main purpose of sRs Trend Rider 2.0 …

Switch ATR Timeframes and Move SL/TP Lines Freely in New PSC

July 8, 2019 2 Comments

Version 2.22 of Position Size Calculator fixes two minor bugs and introduces three cool new features:

You can set the input parameter UseCommissionToSetTPDistance to true and then the Take-profit button will use the entered commission when calculating the TP line location:

If you leave …

[Poll] What Is the Best Way to Backtest?

March 4, 2019

If you want to be sure that your strategy can yield better results than you would attain by simply buying and selling randomly, you need to test it. There are two ways of doing it: backtesting (when you use past data to see how the strategy …

PSC Now Supports ATR SL/TP and Reverse Risk Calculation

February 27, 2019

Apart from some bugfixes, the version 2.18 of Position Size Calculator contains three new features:

    ATR-based stop-loss and take-profit are now a thing. If you prefer to set your SL/TP by the multiples of the Average True Range indicator, you can now do so automatically with

Ignore or Append Saturday/Sunday Hours in Market Profile

December 24, 2018

The new version of Market Profile, which has been released just now, implements two new major changes and two minor ones.

The first major change is that you can now control how the indicator processes Saturday and Sunday candlesticks. Before the update, it would try …

PSC Gets Ready for Volumes with 8 Decimal Places in Crypto

November 6, 2018 2 Comments

With ampler layout and lots of bugs squashed, version 2.15 of Position Size Calculator together with version 1.06 of PSC-Trader have been released today. The main goal of this update was to fix as many errors and inconsistencies in calculation and display as possible. The second goal was to add some of the requested …

New Market Profile Indicator — Focus on Stability and Performance

May 28, 2018

Upon receiving quite a lot of feedback and suggestions on further improvement of the Market Profile indicator, I have finally managed to prepare the new version — 1.08. The latest build is now more robust than ever:

    Smart color calculation prevents “overflows”, making the color of the profile’s blocks change smoothly and gradually.