Risk Factor Keep in mind that backtesting statistics look solely at past performance. It's important to mention that past performance is not indicative of future results...
1. Indicators for Metatrader 5 AwesomeModPips - indicator for MetaTrader 5 - this indicator is a modification of classical Awesome Oscillator indicator. It computes the smoothed difference of two exponential moving averages...
Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder Trading for a Living Successful trading is based on three M's: Mind, Method, and Money...
Sunday morning train reads: • Europe’s Greater Depression is worse than the 1930s (WonkBlog) see also Markets Are Making a Sucker’s Bet on Europe (Bloomberg View) • 8 Money Mistakes to Avoid on Your Way to Being Wealthy (Yahoo Finance) • How One “Sack of Shit” Mortgage-Backed Security Came to Def...
EURUSD is in consolidation mode above the 200% extension of the June/July advance near 1.3325 Our broader bias is negative in the euro while under 1.3560 A close under 1.3300 is needed to confirm that a new leg lower is underway A turn window is eyed early next week A weekly close back over 1...
We had a video about iPhone application for Metatrader 5 so for now it is MetaTrader 5 Android Tablet App Review. This is similar video of about 3 minutes but it may be good to watch in case you are having this device for example...
Overview The Renko charting method is thought to have acquired its name from "renga" which is the Japanese word for bricks...
Most traders have a limited knowledge of trading’s fundamental rules, either from a psychological or a methodological point of view. This can lead to increasing loss probabilities on the markets, as well as deep and constant psychological damage...
Gold has been consolidating in a descending triangle this week after it found resistance at about 1322. Note the bullish bias in the 1H chart. Price was bullish at the end of last week, so the prevailing trend in the 1H chart is bullish before it consolidated this week...
NZD/USD Technical Strategy: Flat Support: 0.8470, 0.8401, 0.8350 Resistance:0.8509, 0.8571, 0.8621 The New Zealand Dollar edged higher against its US counterpart after putting in a bullish Piercing Line candlestick pattern, hinting a double bottom may be forming. Initial resistance is at 0...
How to use the currency pairs correlation to predict the direction of the market? When I have a signal with a pair, but I need confirmation to take the position, I refer to the correlated currency pairs or cross currency pairs and look for the confirmation...
1. Price Action is not a System One thing that many beginning price action traders get confused about is that price action is not a trading ‘system’...
Every trader needs one. Do you know what it is. Many times it's the difference between success and failure in the market. Watch the fifth episode of the "Traders Whiteboard" series and learn from master trader Adam Hewison on how to incorporate this key element into your own trading...
The 2% money management (MM) rule likely started in stock trading and longer-term investing many years ago. It is based on the idea that you would be in multiple positions at any one time and that you’d only risk 2% of your net equity on any one of those positions...
First, before you can trade a price channel, you need to identify on your graph. This process can be done relatively easily using basic technical analysis or some indicators from CodeBase. Traders should first identify and connect a series of highs and lows on your graph...
Price action analysis is a form of technical analysis involved with analyzing price, and price alone. Traders can use price action to determine trends and grade market conditions. Traders can adjust their approach to match the right strategy with the right condition...
Volatility is the measurement of price variations over a specified period of time. Traders can approach low-volatility markets with two different approaches. We discuss the Average True Range indicator as a measurement of volatility...
About Metatrader 5 mobile application : MetaQuotes ID in MetaTrader Mobile Terminal MetaTrader 5 - More Than You Can Imagine! 3.10. Mobile Trading and Push Notifications. Currently, mobile trading is becoming more and more popular...
Learning to draw correct trendlines pays off in many ways. It is pretty simple on smooth market price movements. The only prerequisite to drawing any trendlines is the presense of a trend. Once the trend - an uptrend or downtrend, is in effect we can draw trendlines...
