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

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

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