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EUR/USD Drops Despite Slowing US Services Sector

December 5, 2017

EUR/USD dropped today even though data released over the trading session revealed that growth of the US services sector slowed in November more than was expected. Market analysts attributed the dollar’s strength to the euphoria after the Senate passed its version of the tax reform bill on the weekend. Now, the Senate and the House …

When Does Your Forex Day Start?

December 4, 2017 (Last updated on December 5, 2017)

Much of the trading activity, at least in such currency pairs as EUR/USD, GBP/USD, and the like, takes place during the intersection of the London and New York trading sessions. The most of the important movements in JPY pairs normally appear during the Asian session. If you live in Central Europe or on the US East Coast, …

Weekly Forex Technical Analysis (Dec 4 — Dec 8)

December 2, 2017

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1661 1.1735 1.1814 1.1887 1.1966 1.2040 1.2118

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1736 1.1816 1.1888 1.1968

EUR/USD Rebounds Sharply as Flynn Prepares to Testify Against Trump

December 1, 2017

EUR/USD was falling throughout the current trading session but bounced sharply after the report that US national security adviser Michael Flynn is prepared to testify that President Donald Trump directed him to make a contact with Russians. The news drew investors’ attention away from the question …

EUR/USD Jumps Despite Positive US Data

November 30, 2017

EUR/USD jumped today even though all macroeconomic reports released in the United States over the trading session were either good, or at least better than expectations. Nevertheless, the dollar was weak across the board. Analysts attributed that to tumultuous US politics, like the heated debates about the tax reforms or the …

EUR/USD Halts Decline Despite Fundamentals

November 29, 2017

EUR/USD halted its decline, rising today, even though fundamentals were supportive to the dollar. The US economic growth in the third quarter got a positive revision. Janet Yellen sounded rather optimistic during her last testimony as Federal Reserve Chairperson. (Event B on the chart.)

US GDP rose at the annual …

UK-Based Forex VPS with Interesting Offers

November 29, 2017

MyForexVPS is a rather old (by the industry measure) Virtual Private Server provider operating from the United Kingdom. Its cheapest Windows Server 2012 plan may seem rather expensive at £7.99 per week, but the good thing about this VPS is that they offer a special Autobroker plan …

EUR/USD Extends Decline as US Data Surprises Positively

November 28, 2017

EUR/USD fell today, extending yesterday’s decline. All of reports released in the United States today were good and exceeded market expectations. Now, traders wait for the revised estimate of US gross domestic product in the third quarter of 2017 due for release tomorrow. Experts anticipate an upward revision of growth from 3.0% to 3.3%.…

EUR/USD Erases Gains After US New Home Sales Data

November 27, 2017

EUR/USD attempted to rally today but erased gains following the release of a US new home sales report. The data showed that the sales climbed to the highest level in a decade. This week should be much more eventful than the previous one, which was light on news due to the Thanksgiving holiday in the United …

Forex Brokers Update — November 26th, 2017

November 26, 2017

No new companies to report on this week, but some of the listed brokers have been updated:

Plus500 has been offering Bitcoin for trading for quite a long time. Now the company has joined the cohort of the crypto Forex brokers by adding a list of new pairs: BCH/USD, ETH/USD, BTG/USD, XRP/USD, NEO/USD, …

Profile Persistence and Pip Value Display in Position Size Calculator

August 25, 2017

Today’s update to the Position Size Calculator indicator is not as big and significant as the last one, but I am sure the version 2.08 will be interesting to many traders.

Platform profile change will no long disrupt your panel location, minimization status, and settings:

Pip value

Spread Display and Take-Profit Multiplier in Position Size Calculator

July 24, 2017

It is time to roll out a new version of the Position Size Calculator indicator. Although the new release does not implement any breakthrough changes it introduces some useful features and fixes one annoying bug.

Take-profit button multiplier (set via input parameter) can be …

Free Order Management EA with a Graphic Control Panel

February 6, 2017

I remember myself during my early Forex years, sitting on a bunch of positions across five or six currency pairs and thinking — how do I make them all close at once when their total profit reaches my target? Now, I have developed a tool that does exactly that. I am pleased to announce the launch …

PSC Panel Scaling for High-DPI Displays

December 21, 2016

MetaQuotes has spurred my development process, forcing me to release the next version of the Position Size Calculator indicator much faster than I had intended to. Their latest changes to both MT4 and MT5 platforms prevented compilation of the PSC source code due to new way the string variables must be …

New: See Swaps Info, Control Trading Script via PSC Panel

November 11, 2016 1 Comment

It is time to release another version of Position Size Calculator indicator. It has some important bugs fixed and also adds new exciting features, including two new tabs. The complete list of changes is provided below.

    The Balance button on the Main tab now has a third

Major Fixing of Position Size Calculator + Symbol Leverage Display

September 20, 2016 2 Comments

I have uploaded a new version of Position Size Calculator indicator for MetaTrader today. It addresses several issues mentioned in the forums and in support messages and provides better usability. Here is the list of changes:

    Calculated symbol Leverage is now visible in the Margin tab of the panel. Fixed a bug that

MetaTrader Panel for Position Size Calculator

September 7, 2016 (Last updated on February 5, 2017) 7 Comments

In February 2008, I have launched a simple online position size calculator — a tool that helped thousands of traders to open trades based on their risk preference. In March 2012, I have published the first version of position size calculator (PSC) indicator for MetaTrader. Now, 4 …

See Currency Rate Change in Percents on Your Chart

June 13, 2016 1 Comment

Daily Percentage Change is the latest addition to the list of free MT4/MT5 indicators I share on EarnForex.com. It is loosely based on this MT4 indicator. The main advantage of such an indicator is that it can be used in price action trading to get the understanding of the current session’s direction …

MetaTrader Templates Tutorial — Copying Settings Between Charts and Platforms

May 20, 2016 (Last updated on January 29, 2017) 4 Comments

You might already know how to copy input parameters for a single indicator across different charts and platforms. You also might have mastered the power of copying the whole account profiles from one MetaTrader instance to another. However, sometimes, what you need is just to copy one chart — …

Will Hedging and Real Ticks Backtesting Sway You Toward MT5?

May 9, 2016 1 Comment

In March, MetaQuotes had launched a public beta of MetaTrader 5 platform with position hedging and backtesting on real ticks. In April, the developer had pushed the modification to brokers’ demo servers. The companies can disable creation of hedging accounts in MT5 (which they mostly do). However, the feature is already there and soon …