A word of warning, Forex trading robots are not your quick fix tools to make profit. You need to have a sound knowledge of trading the Forex Market before you utilise any Robot. For this Robot which I personally tested and made a $400 profit in 2 weeks from a $1000 I can tell you this, don’t trade when markets are raging. Make sure that you check high impact news before you trade.
This EA is best for EUR/USD and XAU/USD, this point is based on personal experience. I would also like to stress that profit made was not on volatile markets.
The EA is free without any restrictions and was coded by Osama Shaban. You can visit his blog here. The EA can work on any pair but my recommendation is EUR/USD and XAUUSD...
For this strategy you are going to be using 3 indicators on MT4, Exponential Moving Average (EMA), Relative Strength Index (RSI) and Parabolic SAR. This strategy is very profitable for trendy markets. Since this strategy is used with 3 indicators it has a proven to be very successful.
- EMA 100
- Parabolic SAR
- RSI 50
Ever experienced seeing a trendline break after consolidation. You have been watching and waiting for that break that you knew was coming but because you were sidetracked by something you had to do. By the time you come back to check the trend you already missed that crucial break. Because in all honesty, it is not possible to watch every currency pair for that crucial break.
Although the Trendlinebreak Alert Indicator is an indicator it must be installed as a EA. The download is a ZIP file which means you need Winrar to open it after the download.
Once you’ve extracted the file, open you MT4.
The most powerful tool of any forex trader is being able to identify whether the market is in trend or not, being able to work out if a trend is beginning or ending. Mastering this knowledge is one of the most powerful tools you can have as a forex trader. The strength of a trend is mostly referred to as momentum and there are several
Momentum indicators, a type of Oscillator, that can measure this. Momentum indicators vary between two points on a graph to indicate oversold and overbought positions. They are used as a signal to confirm a strong trend as well as trend reversal. The calculation behind the momentum indicator is the comparison between a certain price and price set a few periods before that.
The following are the most famous and commonly used indicators, the RSI, Sto...
How to Get Cash Rebates on Every Trade at Leading FX Brokers
CASHBACKFOREX™ – When you open a trading account through us we earn a commission from your broker for each trade you place. From this commission we pay you cash for each trade you place. Your spreads and trading conditions DO NOT change, they remain the same as if you had opened an account directly with the broker.
The only difference is you get extra cash for each trade, no catch. Our clients have opened over 46,000 broker accounts through our service. CASHBACKFOREX™ is the original rebate service and is still by far the largest and must trusted provider of forex rebates, having reliably provided cash back to traders since 2008.
Our knowledgeable, multilingual support staff is available 24 hours via telephone,...
There is a deep-seated misconception among newbie forex traders that when a market is moving in a certain direction it will move so in a perpendicular angle, I know this cos that’s how I thought so too initially but in reality the market moves in zig zags whether going long or short. As a trader you need to learn and identify these changes as they are very crucial in making you a successful trader. These zig zag patterns are identified as support, resistance levels, higher highs, higher lows (uptrend), lower highs and lower lows (downtrend).
In my early days trading Forex I came across a Facebook advert from Learn to Trade. They had an opt in form to book depending on where you were in Gauteng.
I enthusiastically booked for me and my son on a session that was in Sandton. On the said day I booked an afternoon off from work and drove to Sandton with Linge.
Got there in time with other enthusiastic would be Forex traders. Don’t remember which floor their offices were but it was a very plush office space. Tea and biscuits were served before the start of the session and we had to sign in confirming our presence.
The session started where we were shown the philanthropic work done by the founder of Learn to Trade all over the world and then we were sold the sales pitch...
We offer an extensive course for those Forex enthusiasts who would like to take a dab in and learn forex. This comes at a minimal costs where you are only charge for our time to teach.
We are not promising miracles or instant riches but enlightenment to help you make decisive analysis and confident future trades.
Here is what we offer:
- What is Forex?
- Why Trade Forex?
- Who Trades Forex?
- When Can You Trade Forex?
- How Do You Trade Forex?
- Types of Charts
- How to use MetaTrader 4 (MT4) / MetaTrader 5 (MT5)
- Keeping a Trading Journal
- Stop Losses and Take Profit
- Trailing Stop
- Developing your own Trading Plan
- Which type of Trader are you?
- Create your own Trading Style