Custom offline charts in MetaTrader 4

When you click on the File dialog at the top of MetaTrader, one of the top options is “Open Offline.” Most people have no idea what that option does or why it is useful. Offline charts offer the ability to display custom time frames, although doing so requires programming a custom script. Scripts sort through […]

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All of the EAs that we program generally use one of three types of money management. I don’t really like that term, though. I believe that position sizing formula is generally more accurate. The options are: Fixed Lot Size Use a percentage of available margin Lose a certain percentage of the account balance whenever the […]

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By: Dima Chernovolov EUR/JPY previously broke the daily Falling Wedge chart pattern which was recently identified by Autochartist. Autochartist measures the Quality of this Falling Wedge at the 6 bar level – which is the result of the slow Initial Trend (1 bar) and near-maximum Uniformity and Clarity (both rated at the 9 bar level). […]

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The Multiple Day Mean Reversion System is designed to pick up quick profits from ETFs that wander a little too far from their current trend. It is based on the mean reversion assumption that all markets will eventually revert back to their average price. Similar to the 3 Day High/Low Mean Reversion System, this one […]

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Moving Average Crossover with RSI Filter

Simple systems stand the best chances of succeeding by not becoming overly curve-fit. However, adding a simple filter to a robust system can be a great way to improve its profitability, provided you also analyze how it may alter any risks or biases built into the system.  The Moving Average Crossover System with RSI Filter […]

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The Secret for Trading a Double Top

The double top pattern is no doubt among the simplest and most familiar price patterns in technical analysis. Typically, a double top pattern is followed by a sell off. In theory, this rather simple pattern should be easy for traders to pounce on and yet, too often, it’s a cause for frustration. That’s because the […]

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Beware of a fake trading signal

How many times were you certain of that one trading signal that told you that a trend was over? Or what about the one that indicted a trend was just about to begin?  Of course, that “prophecy” was eventually dispelled and the market turned against you. It probably happens quite a lot, maybe even more […]

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Probability Tools for Better Forex Trading

In order to be successful, forex traders need to know the basic mathematics of probability. After all, it’s difficult to achieve and maintain trading gains without first having the ability to understand the numbers and measure them. Many traders use a combination of black box indicators to develop and implement trading rules. Yet, the difference […]

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Aroon Indicator

Through this column we have covered many oscillators which are generally very effective in analyzing momentum; they include the Average True Range, MACD and the VIDYA. Some oscillators are better at predicting short term momentum, while some are lagging indicators and tend to shine brighter when it comes to long term momentum. Yet, in this […]

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