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