A forex EA can have dozens of settings, but only a few decide how much money is at stake. Learn how fixed lot and risk percent differ, why a drawdown figure means little without the size behind it, how to size an EA from your own limit and which settings to leave alone.
Three EAs are not always three bets. Learn what correlation means for a portfolio of forex robots, how much risk diversification really removes, where hidden overlap comes from, how to measure it on the EAs' own results and how to plan a total drawdown budget.
Your price and your fill can differ. Learn what slippage is, how execution types work in MetaTrader, which orders can slip, what happens around news, why 1 pip matters so much more to scalpers and expert advisors, and how to measure slippage on your own account.
Gain, Absolute Gain, drawdown, profit factor, expectancy: how to read the live record of an expert advisor on Myfxbook. Learn what each number really shows, why one figure alone can mislead, how many trades you need before trusting a result, and what to look for in the age of an account and the shape of its curve.
FXOpen has announced that it will no longer support STP trading accounts starting from December 20, 2024. According to FXOpen’s official statement, the decision is aimed at focusing on their other trading account types, including ECN and crypto trading accounts, to better align with clients’ evolving needs. Clients using STP accounts are advised to transition their trading activity and withdraw any remaining funds before this date to avoid disruptions.
Short-term extremes in prices indicate overbought and oversold conditions. They occur when the price of a currency on the Forex market has gone too high or too low. For an experienced trader, such market conditions indicate that a reverse reaction should be expected and a trend reversal is inevitable. Therefore, indicators that determine overbought and oversold levels are extremely important for building competent trading strategies.
Accumulation/Distribution Indicator (abbreviated as A/D) is one of many technical indicators designed to analyze price movements and trading volumes simultaneously. Since these data are interconnected, A/D helps understand how volumes affect prices. To work with this tool effectively, you first need to understand what accumulation and distribution in Forex are and how to interpret them correctly.
Reliable Forex trend reversal signals allow traders to maximize their profits. Knowing about trend reversals before others helps you swiftly react to changing market sentiments. This could be closing orders to protect your assets or opening them to profit from the trade.
One of such popular signals that predict a trend reversal is the inverted hammer. It warns traders that the price of an asset is on the step to going up. This means it will be profitable for you to buy a currency at a lower price now to sell it at a higher price later. But do not rush to implement a trading strategy based on the inverted hammer candlestick only. First, learn how to distinguish it from false signals and avoid pitfalls that inexperienced traders encounter.
The search for easy-to-interpret signals for successful Forex trading will lead you to the Awesome Oscillator indicator. This is one of the most popular technical analysis pillars, proposed by the famous American trader Bill M. Williams. It allows traders to determine the mood that currently dominates the Forex market. An Awesome Oscillator helps anticipate reversals and confirm signals obtained with other technical analysis indicators. Due to its wide application, you may find it useful to familiarize yourself with the possibilities of using it in developing trading strategies.
Like other indicators in technical analysis, the DeMarker technical indicator (DeM) is designed to identify optimal entry and exit points in the market. It works by determining overbought and oversold zones. The DeMarker indicator explained by Tom DeMark was named after its inventor.
Numerous technical indicators allow for fairly accurate predictions regarding trends, price movements, and sales volume and, based on this, enable informed decisions about when to enter or exit trades. Currently, there are many Forex indicators, but the Forex pivot point indicator is one of the most popular and well-known. This tool is designed to identify support and resistance levels and determine trend reversal points. The pivot point meaning lies in showing the user how the current price differs from the average value and how far it is from the support and resistance lines. Accordingly, this helps predict how it will move next and what decisions should be made to profit from each trade.
To succeed in Forex, traders should be well-versed in technical analysis tools and graph patterns. The engulfing candlestick pattern gives a prominent signal about market behavior. It is pretty obvious and doesn't allow many interpretations. That's why traders love it and utilize it either separately or in conjunction with other technical tools. This article reveals the concept of engulfing patterns and the ways to integrate them into your strategy. Read on to get a deep comprehension of this must-have tool.
Among the number of financial assets, there are two fundamental types: real assets and derivatives. Real assets, such as shares, commodities, or currency pairs, are tangible and have real value. Conversely, derivatives are contracts confirming the right to do something with real assets (usually, sell or buy). Derivatives include options, forwards, CFDs (contracts for difference), and a few other types. This article will discuss CFD meaning in Forex and the best practices of trading.
A pin bar is one of the most popular candlestick patterns. It can play a role both as the basis of a trading system and as the auxiliary method for confirming other signals. The pattern itself consists only of one candle. It is instantly visible on the chart, which makes it very popular. The pin bar candle is universal and suitable for any market. This article discusses this pattern and developing a Forex pin bar strategy.
Technical analysis is an integral part of Forex trading. This is a set of tools designed to examine charts and make well-informed decisions. The main assumption of the technical analysis method is the idea that price fluctuations cause changes in the future. To predict the movement of the price curve, traders, analysts, and mathematicians have invented many indicators.
Forex Robots Blog
Welcome to ForexStore Blog! As we try our best to produce the best Forex robots, we understand how important it is to have ears and eyes wide open to world trends and news. To be a good trader means more than just following all the rules of trading. It also requires attention to the things that happen in the world’s economy and politics as well as awareness of the new trading systems that are being put out every day. It’s important to be in touch with other traders and share the experience we’ve gained trading both manually or with the help of EAs.
ForexStore is not just an automated trading systems market. We want it to be more than just this. Our dream is to make our store a platform that would unite traders all over the world, giving them the most useful and practical tools for efficient trading. We want our customers to be satisfied not only by our products but also with supportive materials, forex news, and useful articles just about everything you might need to know.
This page of our site was created for this exact reason. Here you will find a news block where we publish only the most important latest news from the world of forex and automated trading systems as well as the important world economy and political news that has an impact on trading. Also here you will find news about updates and changes on the site. Our team works hard to present all the best features you need for the comfort profitable trading and as the site develops, we will definitely notify our users and guests about changes and improvements.
Besides, to help our visitors to get acquainted with the best Forex robots on ForexStore in our blog you will find overviews on the highly-rated according to our rating system robots. If you’re not aware of how the rating works you can read on the rating page. More detailed article about the site rating system and its algorithm you can read here.
In addition, on this page, you can also find informative articles about different aspects of trading including useful tips for your trading, trader’s life hacks, stories, and more. It will be interesting not only for newbie traders but also for those who have already gone some way in Forex trading but still longing to develop. Because the world doesn’t stay the same as it was before and the field of trading methods, strategies and tips expend every day.
We hope that our work helps you to achieve maximum results so we do not get tired to develop and move forward. If you have any kind of feedback about our work that you would like to share with us, feel free to contact us. We would love to hear from you because it helps us to develop.
If you have any questions or suggestions about how to improve our website, feel free to contact us. Our support team will be glad to answer your questions and will provide you with the best possible help. If you are a developer or vendor and you want to share your products of ForexStore, here you can find more information about how to release your EA’s or trading signals on our store.
We’re glad to have you on board!