Free Expert Advisor Builder for MetaTrader 4

For those who have no knowledge and experience in coding forex expert adviser but wishes to do so, you can go this website Expert Advisor Builder for MetaTrader 4  to build one easily

NO need to spend time to learn complex programming. Nevertheless, it is simple and easy thus will not be more powerful than own programming.





 

News events and market times on your chart

Hi all,

I would like to recommend a good news event indicator to you.



It is forex_ news_market_clock.mq4 from deVries
Source: http://codebase.mql4.com/7816

The indicator has multiple options and functions. You can select to display low,medium,high priority news








 

EA Straddle&Trail - used for news event trading

HI all,

I manage to search this Straddle & Trail EA from


http://codebase.mql4.com/4246

Its working module is to open two OCO ( One Cancels Other ) pending buy and pending sell orders minutes before a news event. Definitely you need to manual input the news event time as this EA is not that perfect up to that level.

It is expected forex price will either jump up/jump down drastically after a

Freeware for Building and Testing Your Forex Strategy

Hi all, I just found a website for building and testing your forex strategy. It is http://forexsb.com

I already installed two free softwares offered in the website. First is Forex Strategy Builder, second is Forex Strategy Tester. I not yet have much time learn how to use it but it seems very good. Somemore it is free. It is worth give it a try.

Forex Money Management

The main idea of the whole trading process is to survive! Survival is the first task, after which comes making the money.

above sentences are very meaningful. i got it from internet

However,sometimes greed surpasses logical thinking. not many of us can control our greed,including myself. Last time i suffered losses due to greed when using forex transporter

Survive first then only think about

Forex technique - Bollinger Bands

For technical analysis, there are lots of indicators for usage. Among the most common and basics are Moving Average, MACD, etc

I would like to share using Bollinger Bands.




For Bollinger Bands, it consists of three line - upper bound/band, mid bound/band, lower bound/band

The logic behind these 3 lines are - the upper bound indicates overbought state where a correction will be expected and

I have started trading live forex account

Hi all,
I have managed open a live micro account with GCMFX and started trading. I chose leverage 1:400. And i trade using 0.01 lot

which means for each 0.01 lot, required margin is 100,000/400 x 0.01 = USD$2.5

I use AutoPilot to auto trade. The EA uses 200 pips takeprofit and doesn't set any stoploss. However, i will monitor the market trend and will close the trades if feel impossible to

1000% gain in one month time in Forex

Hi all,

Don't be cheated by the title "1000% gain in one month time in Forex". It was not achieved by me. I only achieved 60% gain at my demo account at the moment.

The 1000% gain was achieved by some other gurus. You can view the result at
http://www.myfxbook.com/contests

Anyway, bear in mind that is demo account. In demo account, people dare to take maximum risks to gain maximum profits. I

The contest account is doing well, 30% profit in 18 days

HI all,

The contest account is doing well using AutoPilot

From 1st Nov till today, the account has earned 30% profits. Anyway, this will not be the final result.

I had manually closed some orders as I believe the market goes against these orders.



 

www.myfxbook.com - analysis your forex trading

I saw there is website that offers free analysis of your forex trading result but I forgot the name already. I try to google search but didn't find it. I believe it is not the google fault for unable to search it. Maybe I type the wrong keywords that unable to search it

I asked in forum and someone suggested me to use www.myfxbook.com

I already opened the account and will try use it.

You can

Open account with moneybookers

I just opened an account with MoneyBookers.

Well, it is my first time heard its name. It's function much like PayPal but claimed with lower charges compared to PayPal.

The reason I opened it is because GCMFX doesn't accept PayPal payment. Well, it receives credit card but has limitations on withdrawal.

GCMFX does allow  MoneyBookers money deposit and withdrawal.


 

Using my Android phone to connect to vps

I am using my Android phone connect to vps

The Android app I used is remote desktop client by Xtralogic inc

It is quite a useful and good app. I not yet tried other remote desktop control app thus no comment on the rest.

posted from Bloggeroid

USD $5.95 windows vps from FTNHosting

HI all,

I just started to run my vps from FTNHosting.

I am not as dump as before where I buy VPS before doing comparison.  Last time I used a monthly USD$18 windows vps

To run metatrader4 on vps, I didn't need the high end vps. The basic vps will do the job.

This time I google search and try to get the cheapest windows vps. I managed to search one. It is  FTNHosting.

It only costs me  USD

Gallant Capital Market practice account challenge

Recently I am more free than before and have the time to think. I am thinking to start again forex investment.

First time I lost USD$3000 real money using EA

Second time I lost USD$80,000 virtual money manual trade

This will be the 3rd time try

I already purchase a windows vps and plan to test the EA Autopilot for one year time on practice account.

Forget to tell that gcmfx is having

No guarantee one trend in forex

Previously, I thought gold price will be very stable and continue to climb up. Even it falls, I thought it will fall a little bit and then climb up again.

Before this I have earned some money buying gold. As a result, I become over confident and buy large quantity of gold.

However, gold price falls down sharply and my account balance is almost wiped out.

Thanks God it is virtual money.

I

XAU/USD XAG/USD trading strategy

I didn't feel gold and silver price will rise forever.

As a result, I put sell order.





posted from Bloggeroid

XAG/USD trading strategy

I use the same strategy for gold and silver. Several weeks ago or a few months ago I noticed the same pattern on gold and silver. Their prices increase very much due to euro debt concerns, japans tsunami, etc. I thought their prices will continue to increase thus I made many buy orders. Suddenly the price drop and I have to either make stop loss or holds the order for quite some time to wait the

XAU/USD trading strategy

Moving average is still a very useful indicator though it is very basic and simple.

The red line in the picture below is moving average



Gold price increases suddenly and i am not aware of it due to i busy and have no time pay attention to euro debt news recently. To me, euro debt news like sea wave. It comes and it goes.

Since the price of gold has increased so much already, i don't want

GBP/CAD trading strategy

I feel it is time i shall start writing to educate readers how to trade forex. Anyway, i am not an expert. What i wrote here is merely a suggestion. I am not responsible on profits or losses you made.

Look on the pictures above, you can see that i draw 2 trendlines. The one above is called resistance while the one below is called support.

I saw the price is near the edge of resistance line

40% return in six months time

Hi all, I get 40% return in six months time in forex market. However, it is virtual money.

Most of the profits I gain are from gold trading.

At the moment I suffer losses in EUR and GBP. However, I still can sustain the losses thus I didn't plan to make stop loss.









posted from Bloggeroid

Continue with XAU/USD trading

I have been busy recently thus not much updating my blog as well as trading forex.

However, it gives me chance to realize that it is unnecessary to monitor and trade forex every second every minute. It will be very stressful and no guarantee can make profit.

I make a buy stop on gold and it helps me get profits.







posted from Bloggeroid

Long term investment

Previously i can't login to TradeInterceptor after the app update. I thought it is due to my FXCM demo account expired. Later I found out I used wrong username and password to login. Thus I didnt monitor my trade for about a month time.

The last moment I login to FXCM via TradeInterceptor, my account suffer losses more than USD$15k due to sharp drop in gold and silver price. At that moment, I

Terrible drop in Gold and silver price

Silver price continues to drop.
Gold price suddenly drop.

My account balance also drop :-(

Forex is really a risky trading due to its nature of high fluctuations












posted from Bloggeroid

Silver price drops drastically

Silver price drops drastically after Comex increased the margin requirements for trading silver.

I suffer big losses in silver trading. It was my mistake. I shall not go against the news. I already read the news of margin increase on silver yet I continue to open new buy trade in hoping the silver price will bounce back.

Well, I have enough money in account to wait for silver to bounce back but

Gold price continue to rise

Seeing the growth if money in the account, I really hope the FXCM account which I am playing now is a live account instead of practice account.

I am earning a lot betting on gold price continues yo rise.

Anyway, I do not play large lot as previous lesson ( real money USD$3000) taught me not be too greedy. I need play safe.





posted from Bloggeroid

Gold and silver price fall slightly

Both gold and silver have jumped to history high price last 2 days and fall down slightly.

When I saw its price is going down and caused me losses(I bought in near the highest price), I open pending buy limit.

And now, the gain I get from the buy limit order managed to cover the loses ftom buy order near highest gold price.







posted from Bloggeroid

GBP/USD rise from 1.63 to 1.65

it takes about 14 days for me to reap profits on buying GBP/USD

i didn't put stoploss on the trade i open, but if the loss is over $200,i will recheck the trend, if there is no way for the trade to make profit, i will close the trade to avoid further losses.






posted from Bloggeroid

Gold rises above $1500 an ounce

Gold price continues to rise as more demand on it as a stable investment.



posted from Bloggeroid

Silver is also a good investment besides gold

Price of silver rose more than double since last year Oct. 100% return in six months time

Silver XAG/USD is an alternative good investment other than gold.





posted from Bloggeroid

EUR/GBP drops

I didn't put stoploss to the trade I opened but I will monitor the loss closely. Once i noticed the trend is opposite my opened trade, I will close the order manually to avoid any further losses.

I saw EUR/GBP is continuously dropping thus I closed my Buy trade on EUR/GBP






posted from Bloggeroid

Gold price rose to all-time high at $1489.10 an ounce

I read news from Bloomberg Android app reporting that Gold price rose to all-time high at $1489.10 an ounce

Gold is considered as a stable investment as its price seldom drops drastically. It will continue to rise up steadily. Whenever there is debt crisis, earthquake, political warfare,etc gold price rose drastically.





posted from Bloggeroid

FXCM Android app

FXCM has its own Android app but the design and function are not very good compared with Trade Interceptor. That is why my practice account with FXCM but I am using Trade Interceptor to trade

See pictures below yo have a better look into FXCM Android app













posted from Bloggeroid

Invest in XAU/USD

Hi guys and girls, it is really rewarding believe in gold value.

In the previous post, I mentioned I will set buy limit on gold as I believe eventually it will rise up.

See picture below on my trade results on gold







posted from Bloggeroid

Buy XAU/USD

Well, gold price keeps moving up and I feel safer buying gold rather than selling gold.

Usually if i notice a moving down trend in gold price, i will put a pending order buy limit because I know eventually the gold price will move up.









posted from Bloggeroid

Trading forex on Android phone

Hi all, below is the snapshot I took from my Android forex app - Trade Interceptor





posted from Bloggeroid

Recommend two Android app for mobile forex trading

I have been trading forex on practice account using my Android phone

At here, I would like to recommend two android app for Mobile forex trading
1) FXCM
2) Trade Interceptor

You need open an account with FXCM, it can be live or practice account

Then, you trade using Trade Interceptor as it offers better function and chart than FXCM app

Keep the FXCM app as Trade Interceptor can only trade