Easy way to create forex EA

I found a website which offers easy way to create forex EA
http://fxdreema.com/generator

It uses mindmap/block-building concept. No need to know on mq4 programming language


 

It is difficult to develop a profitable EA

I have been trying to develop a profitable forex EA these several weeks. The reason I want to do so is try to sell it and earn money.

However, I failed to develop it. The back test result is terrible.

Well, I can develop a seems *profitable EA, the key is without stoploss and the account will be margin call sooner or later.

Nowadays, a responsible forex broker shall support mobile trading

I received email from GCMFX informing me that it supports mobile trading across all smartphone platforms includling iOS,Android,Blackberry, Windows Mobile and Symbian.

Well, before this email, I already using it. I am using their free vps service and using GCMFX Android App to connect to it.

I feel we need to choose a good forex broker when we open our live trading account. We need to study

Switch VPS to GCMFX free VPS

Previous 2 months I am using ftnhosting vps and was happy about it although sometimes it always hang and restart but it restart very quickly. The monthly fee for using the vps is about USD$6.

However, after the new year 2012, something is wrong with ftnhosting vps. It is down for a few days already. No one from ftnhosting answer my support ticket.

As a result, I switch to use free VPS offered

The correct way to test your forex robot

I have been spending my weekends trying to develop my own forex robot. Purpose to develop own forex robot is due to I am not confident with the many forex EA in the market. I am not sure how are their behaviors and performances. If I can develop a profitable forex EA, I can use it for myself and consider to sell it to earn profits.

I already developed my forex EA and testing on Nov and Dec 2011

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