The Stochastic Oscillator chart is drawn in a separate window under the price chart and consists of two lines: %K, the quick one, and %D, the slow one. The values vary from 0% to 100%; at the levels of 20% and 80% signal lines, defining the oversold (0-20%) and overbought (80-100%) areas, are drawn.
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.
Investments on Forex feature equally high risks and profits. That is why one should only trust their assets to experienced Forex players – traders demonstrating stable and high results. It used to be quite complicated: one had to find a successful trader, check their trading statistics, sign a personal management agreement and hope that the trader will go by its letter.
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.
The Relative Strength Index (RSI) is one of the few trader's instruments able to go ahead of the price. Of course, such situations do not happen every day, however, this feature is really interesting and useful for the analysis of the current market situation.
Greed Advisor is, no doubt, a pretentious name. According to the developer, this advisor is meant for especially greedy traders. However, the similarity of “greed” in the name to a “grid” is also worth mentioning, because its algorithm includes forming a grid-like series of trades.
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 […]
General strategy The name MarSe was derived from the names of two trading strategies – Martingale and Surfing. The Surfing strategy has been created by Victor Borishpolets for daily trading on Forex and the stock market. The system is based on the RSI. The main feature of this strategy is that it can be used […]
What is fundamental analysis? How does news influence Forex? Main economic indices Where do we get the data for fundamental analysis from? How to use the Economic calendar How to use fundamental analysis on Forex Summary What is fundamental analysis? The influence of fundamental data on the dynamics of financial instruments is studied by a […]
What is VPS?Types of VPSAdvantages of VPSHow to order a VPSHow to connect a VPS to Windows? Any trader must have faced the need to launch and test a new expert adviser. Forex exchange market works 24 hours a day, 5 days a week; however, testing might be problematic if the main computer is occupied […]