Category: Trading

Forex Robot Testing: System CCI

The System CCI expert advisor works on the basis of the well-known indicator Commodity Channel Index (CCI hereafter), included in the standard list of indicators of the MetaTrader 4 terminal. For opening a position, the signal line of the CCI and the default levels of the EA are used. The levels are customizable for a more precise opening of positions.

Bollinger Bands. Indicator Description

In the description of the indicator in the book "Bollinger on Bollinger Bands", it is said that the price remains at the borders of the lines 95% of the time and escapes those borders in 5 remaining percent. If volatility on the market is low, the upper and the lower lines are close to one the other, while the price is trading between them; the higher the volatility, the wider the channel formed by the three lines (pic 1). According to the classification, the Bollinger Bands are a trend indicator as it shows both flats and directed price movements. The timeframe may be anything from M1 to a year.

Trading – the most popular patterns

What is pattern in tech analysis? Head & Shoulders and Inverted Head & Shoulders chart patterns Double Top and Double Bottom chart patterns Triple Top and Triple Bottom chart patterns Wedge chart pattern Diamond chart pattern Rectangle chart pattern Flag chart pattern Triangle chart pattern 1. What is a pattern in tech analysis? A pattern […]

How to Trade in MetaTrader 5?

General information on MetaTrader 5 trading platform Differences between MT4 and MT5 MT5 installation MT5 Interface Placing orders and Depth of Market Placing stop limits How to add an Expert Advisor in MT5 Testing automated strategies Summary General information on MetaTrader 5 trading platform MetaTrader 5 was released in 2010. It is intended for performing […]

MACD Indicator: Settings, Trading, Divergence

What is MACD MACD settings Convergence And Divergence Trading With The MACD Summary What is MACD The MACD is one of the most popular technical indicators. It is included into most trading platforms for financial and commodity markets. The indicator was created almost 40 years ago by Gerald Appel. It was first used in 1979. […]