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Completing the Prop Firm Challenge is one of the most difficult tasks for a trader. According to statistics, more than 95% of traders fail at the Challenge, constantly spending money on new and new accounts, but never achieve the desired goal...
EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes...
MT4 Version: Bollinger Band Strategy EA MT4 MT5 Version: Bollinger Band Strategy EA MT5 Complete User Documentation — MT4 & MT5...
The S&P 500 and Nasdaq Composite ended Thursday with small losses ahead of a major jobs report, retreating from record highs hit the day before. The Dow, however, edged up slightly...
n modern trading, there are different types of levels that traders use as reference points on price and time charts. Let's explore some of these levels: Horizontal Levels: Horizontal lines on a chart represent price levels...
In my morning forecast, I drew attention to the level of 1.2779 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and see what happened...
1. Introduction -What is EA and how does it work: An Expert Advisor (EA) is an automated trading software used to monitor and execute trades in the Forex market without human intervention...
Why Trading Patterns will Kill You Softly Trading patterns may seem like a reliable way to make profits, but they can be deceptive. When these patterns disappear, they often don't return quickly, sucking money from your account and eroding your confidence...
Introduction The Monte Carlo method is one of the gambling system betting techniques, and it is a "casino strategy" that has a legend that it destroyed a land-based casino in Monte Carlo, Monaco...
In the fast-paced world of trading, efficiency and precision are paramount. Introducing Trade Board , the professional trade assistant designed specifically for MetaTrader 4 and MetaTrader 5 platforms...
The Dow Jones Transportation Average (.DJT) is down about 5% this year, in stark contrast to the S&P 500's (.SPX) 9% year-to-date gain and the Dow Jones Industrial Average's (.DJI) 1% gain, which topped 40,000 for the first time this month...
During this week EA made 6 trades on the account of Prop Firm FTMO, and all 6 were profitable. The total profit of the EA was $3,469, which is 3.4% to the deposit for the week. To complete the Prop Firm Challenge, your profitability must be 10%. To do this, you need to have 2...
What is Monte Carlo Method The Monte Carlo method is a popular betting strategy that uses probability and statistical models to make informed betting decisions...
How to set Labouchere System EA This is an EA that operates 6 logics (TYPE A to TYPE F) on multiple currency pairs. So it needs to be applied to 19 charts. The setting method is described below. １．Setting method of TYPE Please set each EA to the following currency pairs and time frames...
The brokerage company NordFX has summarized the trading results of its clients for May 2024. The performance of social trading services, PAMM and CopyTrading, as well as the profit earned by the company's IB partners were also evaluated...
Introducing the first forex advisor using AI with GPT-4o that actually applies it in trading, not just in words. I'd like to write a little more detail about what the GPT-4o model includes. GPT-4o: next-generation AI The main event of the day was the announcement of the new flagship model GPT-4o...
DON’T DO THIS MISTAKE IN BACKTESTING! (Foreword: if you like this post please consider to have a look at my profile: About Me ) When you backtest an expert advisor in strategy testing, the broker calls the data from its servers. This part is a little bit tricky...
How to Change the Indicator colors? In this example we are going to change the candle's purple color to yellow color. (remember this is just an example and you can use the same logic to change the rest of the colors...
How to Apply a Preset? After you click and drag the indicator to the chart and before you click Ok you will see a LOAD button click...
How to find an Indicator or an Expert After purchase? There are two ways to do this: From the MQL5 website. From MT4 and MT5. From MQL5 site: Step1: Go to your Profile on mql5 and clock on purchases as show in the below picture...
