Blog – Page 323

January 3
2008

MetaTrader History Data Importing and Converting Tutorial for Quality Backtesting

Backtesting MetaTrader expert advisors on historical data is a good way to test a strategy. But testing on the limited data supplied with MT4 installation gives a very poor quality of testing (usually below 50%). So, how to achieve a 90% quality in backtesting of MT4 expert advisors? It’s not that hard really, just follow this simple tutorial and you will able to test any MetaTrader EA. 1. Download […]

December 31
2007

Happy Trading in 2008!

Soon the New 2008 Year will come and I just want to wish you a happy Forex/CFD/Stocks trading in the next year. Earn more than you’ve got in 2007, learn new strategies and open new opportunities on the Forex market! Never stop at what you’ve already mastered and you will find your own financial freedom!

December 30
2007

Forecast for 2008 Forex, Oil, Interest Rates

OK, the New Year is coming close and as this year is ending it’s about time to try to forecast the future of the Forex market (and some other factors that influence Forex) for the year 2008. My last forecast (for 2007) didn’t get its own post on this blog, but I must admit that it was a disastrous attempt — I thought that dollar will start to grow and it lost more than 10% […]

December 29
2007

Forex Technical Analysis for 12/3101/04 Week

EUR/USD trend: hold.GBP/USD trend: hold.USD/JPY trend: hold.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4123 1.4245 1.4484 1.4606 1.4845 1.4967 1.5206 GBP/USD 1.9532 1.9642 1.9803 1.9913 2.0074 2.0184 2.0345 USD/JPY 109.13 110.71 111.50 113.08 113.87 115.45 116.24 EUR/JPY 160.92 162.33 163.84 165.25 […]

December 28
2007

U.S. Dollar Continues Falling

EUR/USD continued to rally today after four unprecedented days of growth, making it the full bullish week for this currency pair with the every trading day session ending in favor of euro. Even holidays with their low financial trading volume couldn’t save USD from losing 2% against EUR. Chicago PMI (Chicago Business Barometer) rose to astonishing 56.6 in December after being only 52.9 in November. […]

December 27
2007

EUR/USD Rallies Despite of Holidays

Despite the holidays period has already came to the U.S. and European markets, EUR/USD is rallying up fast for the second day in a row now. And if today there is plenty of fundamental news that can push euro up by almost 100 pips against U.S. dollar, yesterday’s bullish candle has no such reasons. Today, the employment market of U.S. showed that it is suffering because of the subprime lending […]

December 26
2007

Interview with eToro

Jeff MacKenzee, the account manager of the eToro partners team agreed to answer some of my questions regarding eToro’s innovative Forex trading platform. eToro is known for bringing to the on-line Forex market trading some nontraditional types of Forex trading. eToro platform doesn’t look like any other and can be easily understood by someone who never read about Forex or charting. More information about eToro is available eToro. […]

December 25
2007

CFD Trading My 2007 Results

OK, CFD trading is a bit offtopic for the Forex blog, but as many Forex brokers also offer CFD trading services and it is in a lot way similar to Forex trading (high leverage, MetaTrader platform, no dividends), I thought that it would be interesting to share my results for 2007. I’ve decided to use standard demo account of $10,000 solely for CFD trading in January 11, 2007 with the condition to close […]

December 23
2007

Automated Trading Championship 2007 Came to End

The Automated Trading Championship 2007, which was started by the MetaQuotes Software Corp. (the company that made MetaTrader trading platform), ended yesterday and the winners have been announced: Participant Better earned the first prize of $40,000 with his outstanding neural network expert advisor, which has turned $10,000 into $130,475.45 in 12 trading weeks. Too bad this has been done on demo account, not real :-). […]

December 22
2007

Forex Technical Analysis for 12/2412/28 Week

EUR/USD trend: hold.GBP/USD trend: hold.USD/JPY trend: hold.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4166 1.4238 1.4308 1.4380 1.4450 1.4522 1.4592 GBP/USD 1.9269 1.9539 1.9687 1.9957 2.0105 2.0375 2.0523 USD/JPY 111.62 112.18 113.09 113.65 114.56 115.12 116.03 EUR/JPY 160.10 160.92 162.41 163.23 […]