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Forex Expert Advisor Information
What is an Expert Advisor ? A Forex Expert Advisor (a.k.a. Forex Trading Robot, EA, MT-4 EA, Automated Forex Trading Software) is a mechanical trading system written in the MQL-4 programming language and designed to automate trading...
What is Money Management System
ue, Jan 8 2008, 09:25 GMTby Dima ChernovolovForexHitWhat is Money Management System? Money management system is the subsystem of the forex trading plan which controls how much you risk when you get an entry signal from your forex trading system. One...
Five Guiding Principles of Trading Psychology
Brett N. Steenbarger, Ph.D. www.brettsteenbarger.com When I recently participated in an online chat presentation for John Forman, I assembled my ideas into ten basic principles that have guided my thinking about the psychology of trader...
Price Smoothies
A moving average is simply a way to smooth out price action over time. By “moving average”, we mean that you are taking the average closing price of a currency for the last ‘X’ number of periods. Like every indicator, a moving average indi...
Pivot Points
Professional traders and market makers use pivot points to identify important support and resistance levels. Simply put, a pivot point and its support/resistance levels are areas at which the direction of price movement can possibly change. Pivot po...
Fibonacci
We will be using Fibonacci ratios a lot in our trading so you better learn it and love it like your mother. Fibonacci is a huge subject and there are many different studies of Fibonacci with weird names but we’re going to stick to two: retracement ...

