Forex Trading Diary

Investment Trends CFD survey results

admin — Fri, 05 Mar 2010 07:54:48 +0000

Investment Trends recently carried out an online survey where they questioned 3236 people from the United Kingdom about their CFD and spread betting habits. They asked the participants about how trading fits into their overall investment strategy, how they decide on what trades to place, and how they have done in the volatile previous 12 months [...]

MQL4 helper functions for calculating bar sizes

admin — Sun, 21 Feb 2010 15:17:26 +0000

Here are some more MQL4 helper functions for MetaTrader. You can use them in your expert advisors and custom indicators. The three functions will allow you to quickly get the size of the upper and lower wicks of the candle stick, and also the size of the candle stick body. To use them you will [...]

Simple MetaTrader MQL4 helper functions

admin — Sat, 30 Jan 2010 16:17:07 +0000

Here are some simple functions that you can use in your forex expert advisors and custom indicators written in MQL4 for MetaTrader. If you split out commonly used functionality into separate functions with logical names (as I’ve done here) then you should find that your MQL4 code becomes more readable. If you use these functions in your [...]

Disadvantages of expert advisors

admin — Fri, 15 Jan 2010 03:36:04 +0000

Following on from my advantages of expert advisors post here are some disadvantages of trying to write and use expert advisors. Curve fitting Because it is easy to backtest expert advisors many times with different parameters it is very easy for them to suffer from curve fitting. Curve fitting means that the EAs are highly optimised for the [...]

Forex New Year’s resolutions for 2010

admin — Thu, 24 Dec 2009 06:57:13 +0000

1. Write down my plan for each trade before pressing the buy/sell button. The plan will include the reason for why I am doing the trade, the expected profit, the initial stop loss and the expected duration of the trade. 2. Double-check the order quantity before executing the trade. It is too easy to lose money [...]