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Here you can download MT4 expert advisors which can be used with the MetaTrader Forex trading platform to enhance your currency trading results combining it with the automated trading or expert advising. Only best strategies embedded into expert advisors are presented here. You can test and change them freely before using on your real or demo Forex account.
At this page you can freely download MT4 Forex indicators that can be attached to the MetaTrader Forex trading platform to boost your Forex trading performance. You can more develop your own Forex trading strategies using these indicators, or you can simply follow them as the trading signals.
An e-book for trading forex daily charts Introduction First steps
Making a trade Placing stops Exiting a trade No target pointGetting in
and out; Setting limits based on s/r; Using the 28 EMA; Using Fibonacci
levels Using limits Multiple lots Choosing the trades to trade Going
with the trend Bucking the trend Waiting for convergence Back-to-back
signals Reactions to news releases Waiting for retraces Final thoughts
Risk and correlation Backtesting Produced by forex-rewards.com This
e-book aims to outline a simple method of using daily charts to profit
from forex. Why daily charts? Using the dailies allows the trader to
work trading into his daily routine, being able to assess every
opportunity but stopping the charts from taking over his life.
In short, a tradable system for people living in the real world. Most
of the ideas contained within this e-book belong to the generous
traders at Forex Factory’s forum. You can visit that thread here at
www.forexfactory.com/showthread.php?t=7984. My thanks go to all the
traders who have shared their ideas and thoughts. The following pages
merely provide guidelines for taking and exiting trades. This book
comes with no guarantees, no promises. Trades are made at your own risk
and the author of this e-book is not liable for any losses you may
incur. Forex is a high risk enterprise, you may lose all of your money
and you should only trade with money you can afford to lose. First
steps I use Metatrader4 for my charts. They are free and incredibly
user friendly. Downloads can be found at any MT4 broker, just sign up
for a demo account. A nonexpiring account can be found at
www.northfinance.com/eng/open-demo-account/ So we have our charts. Now
we want to set up the method. First, make sure you are looking at the
daily (D1). Open the navigator and expand the “Indicators” sub-root
(see Fig 1). Next drag the Moving Average icon onto the RSI window and
set it as an 8-period EMA (Exponential Moving Average) (see Fig 3 for
settings details). Next step is to put an ATR (Average True Range)
figure in the window (see Fig 4). Note: We only want the ATR value, not
the graph so color should be set to “none”. Finally, add a 28-period
EMA to the main chart window so your chart should look like Fig 5. To
avoid having to set up charts yourself, you can find a template at my
home page’s resource page at www.forex-rewards.com/resources. Download
the file and put it in c:\program files\your metatrader4
directory\templates. A brief overview of the RSI indicator and related
topics can be found at www.investopedia.com/terms/r/rsi.asp.
