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


 

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

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

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








 

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 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

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.


 

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

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

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

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

Forex trading on android phones and iphone

It has been about 2 months since the last post in this blog. In my last post, I said I had just changed job and lack of time to update this blog.

Now I have get used to new job and can arrange time to update this blog.

Today going to talk about trading forex using smartphone - android phone and iphone

I saw from internet post www.oanda.com offers both android and iphone forex trading. Anyone

Back to manual trade in forex trading, Double Top

These 2 weeks, I started manual trade instead of using forex robot. I would very like to use forex robot but I didn't find any profitable forex robot. Some forex robots give me huge confidence but later discourage me.

It is time back to basics. I started to do revision on forex technical analysis. At the same time I also trade on forex using the techniques I learned.

At here, I would like to

Recommended Alerter - alert you on support/resistance/trendline breakout

Hi all,

I found an useful forex tool - it is Alerter.mq4. It will alert you whenever there is support/resistance/trendline breakout

I have tested and found out it is useful.

The author of this great forex tool is tesla

Please go to his post here to download and read how to use it.


**If you need vps, I would like to recommend VPSLand, USD$18 per month only. Sever is reliable and customer