Day: August 20, 2008

August 20
2008

Statistical Forex System — Example MT4 Expert Advisor

After saying so much about the statistical Forex systems, I think it’s time to give an example of one. But first, I have to warn that this exert advisor «as is» wasn’t profitable during tests — it had its losses and gains, but spread losses took over eventually, so I can’t suggest using it on your real money account. This expert advisor is good only as an example of an actual statistical Forex system. It uses Tom DeMark’s pivot points calculated […]

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August 20
2008

Pound Fell vs. USD, Euro before BoE Minutes

The Great Britain pound traded lower before the Bank of England’s release of the monetary policy minutes today. After the release, pound continued to slide down against both the greenback and the euro. The  U. K. currency continued to trade near a two-year low against the U.S. dollar today and fell for a third day against the euro as the minutes revealed that there was one vote for reducing the interest rates; 7 members including Governor Mervyn King voted […]

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