MetaTrader expert advisor. Phoenix.

As you remember, before few days I started to describe MetaTrader expert advisors collection. I will show you only highly profitable forex expert advisors for the metatrader. Last time we saw main advantages of Framework expert advisor, which based on main Forex indicators and has test profit more than 200%. Today I will acquaint you with different MetaTrader expert advisor which called Phoenix.

MetaTrader expert advisor. Phoenix.

Remember, all Forex advisors yo will find here, you can download absolutely free. For more information about quickly installation of the expert advisors read in our Forex help section.

Now you can Download Phoenix expert advisor free.

Scalping Forex System. Forex trading signals. M5 chart.

As you remember, last time we spoke about Forex scalping strategy. I demonstrated you few interesting examples of some forex scalping theories. You saw how you can get more than 50$ dollars profit in 1 minute only. Today we will continue to discuss Forex scalping pattern and I’ll show you another example of Forex trading signals on M5 chart.

Scalping Forex System.

This example of scalping forex is most profitable during the New York and London trade sessions. Many Forex traders are using this scalping strategy. You can easy test it by yourself on your demo Forex account. As for me, it works fine in 70%. But you should remember – Forex is very risky business and if it works for me, it may not work for you.

I have used this system for a long time and it continues to provide great consistency. As you know, any Forex strategy has its own entry point, especially if it scalping forex strategy. It is very important to remember that you must not overtrade with this scalping system. First of all, you have to wait for the right setup at the right time.

Step 1. Setting up your Forex indicators & charts.

Open your Metatrader platform(or another Forex platform you are working with). Now open a 5 minute chart for the EUR/USD currency pair and add a 10ema indicator, a 21ema and a 50ema forex indicators. That’s it! I told you it was simple!

Now change the colors of these ema indicators. In my case I will use:

• 10ema = Red.
• 21ema = Green.
• 50ema = Blue.

As you know(or not) two indicators: the 10ema and 21ema act ask strong support and resistance, when the Forex market is trending throughout a session. In a strong trend we can turn this to our advantage and scalp forex market while insuring we are trading in the direction of the short term(!) trend, giving us a good trading edge to take some quick pips.

Now you can see small example(diagram) of scalping with the trend:

Small example(diagram) of scalping with the trend.

Step 2. Main scalping system rules:

As I told before, the rules of this trading system are very simple.

• First of all wait for a trend to show on the 5 minute Forex chart, higher highs in an up trend and lower lows in a down trend. Just look at the 50ema indicator for trend strength and direction.
• Make sure you are during the New York and London trade sessions(not Asian session).
• Check there is no major upcoming Forex news about to come out, before you start trading. For this purpose use Forex Daily Events Calendar.
• Once price enters half way into the zone open a trade, sell for downtrend and buy for up trend. It’s very important rule!
• Set up your stop loss at 5-7 pips + spread.
• Move stop to break even at +5 pips.
  
• Set up your take profit at 7-10 pips.
• Good Luck!!!

Remember, scalping Forex system is very and very aggressive system. Make you Forex life more stable with more frequent strategies changes. From scalping to long-term trading and back.

Forex trading signals.

Forex scalping strategy.

Do you know what is a forex scalping strategy? Why so many Forex traders around the world are using this forex strategy? Is it true that forex scalping trading is one of few ways of quick enrichment? Let’s try to answer on these important questions. Also I will demonstrate you few interesting forex scalping strategy examples and really results of my own scalping system.

Forex scalping strategy.

Probably you know that scalping forex is one of several strategies that have evolved in Forex trading.
In other words, scalping forex – is a large number of transactions during a short time interval. It’s really aggressive trading with enormous trading opportunities Moreover. As I said before, for many traders around the world forex scalping is the most acceptable, profitable and available existence on the market. Some traders calling Forex Scalping – as quick trading.

There are different types of forex scalping strategies. For example, aggressive trade, less aggressive trade, secure trade, etc. Do you know what really purpose of scalping forex strategy? The main purpose of scalping is making some profits while exposing a trading account to a limited risk, which is due to a quick open/close trading mode.

Forex scalping can be looked upon as being a high risk endevour, or as a sophisticated and actually lower risk style of trading. It is essential to be using the correct strong Forex tools, best forex broker and techniques while scalping the forex market.

Why do you have to choice only fast forex trading platform for forex scalping strategy? Because of time! Time – is a main factor of success in scalping forex trading. The trading platform must be robust and fast, showing up to the second prices from your broker and trades must be able to be placed rapidly.

What else important factor scalping forex trader must have? Off cause, iron discipline!
To successfully use a scalping forex strategy a forex trader must have iron clad discipline and enter and exit the market according to strict rules. Forex trader must also trade at a very high winning percentage, then the trader must be ruthless in cutting off losses.

Forex scalping examples.

Remember, forex scalping traders MUST buy and sell quickly. Doy you need some example of forex scalping strategies? Take it:

Forex scalping example num. 1

For example, if they buy a lot of EUR/USD currency pair and after few seconds, see a growth of just 2-5 pips(you know how it easy), these traders, immediately, sell it for a profit of $20-$50. In other words, you may buy EUR/USD at 1.2700 and only 10 later the Euro is at 1.2720. This degree of fluctuation is normal and may occur so many times in a 24 hour period.

If your forex trading plan is to use a day trading forex strategy, you could immediately sell your position and book a 20 pip profit. Even trading a mini contract of $10,000 this would work out to a profit of $20 for maybe only ten minutes work. Sound good? Of course! Unfortunately, in practice it is not as easy as it may sound.

Forex scalping example num. 2

Here another example of my own scalping forex experience:

Forex scalping strategy. Examples.

Scalping forex may sound like very and very attractive trading strategy, but for Forex beginners I cannot recommend it other than as an occasional strategy. To make money over time at scalping forex you would have to trade almost perfectly on a very consistent basis. If you are good forex trader you will make a lot more money by taking a somewhat longer term trading approach with your Forex Trading positions.

And remember, Forex is a very agrresive and risky business, but I think some scalping forex strategy is an absolute must have for someone who really is serious about building their scalping forex profit pulling business. Good Luck!!!

Mobile forex trading. Mobile software downloads.

How can you use your Iphone, Pocket PC or Palm for Forex trading? It’s really easy and very powerful method to be online any time 24/7. Today mobile forex trading – it’s very popular type of Forex trading. By these mobile devices you can easy monitor your account, check prices and open and close positions. In other words, you can do anything you do near your regular computer trading Forex platforms.

Mobile forex trading.

Modern specifically designed mobile software offers everything you need for real Forex trading when away from your PC. Off course, you have to note that you must have an existing service contract with a cellular phone company and an Internet-enabled mobile device to access mobile (wireless) forex trading platforms.

Reading latest Forex news, using Forex charts, Indicators and you favorite Forex patterns – today it possible by using best Forex Mobile software for your mobile advices.

Most serious and popular Forex brokers around the world have their own mobile software. Or you can use independent Mobile forex trading software for you advices.

Let me acquaint you few most famous Mobile forex trading platform around the world.

MetaTrader 4 Mobile.	MetaTrader 4 Mobile. Mobile trading (m-trading) — controlling of trading account via mobile devices such a cellular phone or a PDA (Personal Digital Assistant). Wireless access technologies WAP and GPRS provide access to the Internet. MetaTrader 4 Mobile for Pocket PC program is comparable with full-function trading terminal. This terminal allows you to stay in touch with the financial markets and remain mobile. For MetaTrader 4 Mobile to operate, a Pocket PC with Microsoft Windows Pocket PC 2002 or higher is necessary. download MetaTrader 4 Mobile.
MobiTradeOne for FOREX.com Mobile Phones Edition 1.02	MobiTradeOne for FOREX.com Mobile Phones Edition 1.02 MobiTradeOne for FOREX.com Mobile Phones Edition is a mobile trading platform compatible with Java supporting mobile devices. MobiTradeOne gives FOREX.com clients access to their accounts and allows trading and accessing forex market updates via a mobile phone. MobiTradeOne also provides technical analysis tools and FOREX.com Economic Calendar. MobiTradeOne is completely free for FOREX.com clients under our special offer. You have a possibility of full access to financial markets and making deals from anywhere of the world. download MobiTradeOne for FOREX.com Mobile Phones Edition 1.02.
DealBook® FX Mobile.	DealBook® FX Mobile. The Enhanced version for pocket PC users includes standard features, such as live streaming quotes, full-color charting, complete access to real-time transaction history, account statements and position, margin and risk-analysis. Place trades, view real-time account information and monitor your positions — all in real-time. Get full-color charting, historical data, popular technical indicators and place a range of order types, all from your mobile device. download DealBook® FX Mobile.
ProTrader PocketPC Station.	ProTrader PocketPC Station. ProTrader for Pocket PC program is comparable with full-function trading terminal. You have a possibility of full access to financial markets and making deals from anywhere of the world. Powerful technical analysis and graphical visualization of financial instruments are available. Trade dealing is done with careful observation of confidentiality and is absolutely safe. If required, you always have the history of completed trade deals. download DealBook® FX Mobile.

Mobile software downloads.

MetaTrader expert advisor. Framework.

Framework Expert Advisor detects the most improbable moments of breakout and enters from channel borders. Thanks to unique algorithm the Framework Metatrader expert advisor works all day and night and is not run the danger of night spread extension. Framework Forex expert advisor uses three Commodity Channel Index, most known as MetaTrader 4 Indicator CCI. Indicators crosses to determine position opening and closing. It is very simple, yet effective expert advisor. It also performs checks for available free margin to stop trading if it is bankrupt. This MT4 advisor doesn’t trade if bars didn’t change or there were no 100 bars yet.

MetaTrader expert advisor. Framework.

Now you can Download Framework expert advisor free.

Metatrader expert advisor. Quickly installation guide.

Before few days, I told you about automatic forex system trading. Today we will continue to discuss mechanical trading systems and I’ll tell you what does it mean Metatrader expert advisor, how it can help to trading process on Forex market (by using main Forex trading strategies) and how can you easy and quickly to install Metatrader expert advisor.

MetaTrader Expert Advisor

Few words about MetaTrader Expert Advisor and why so many Forex traders around the world are using this perfect Forex technique. Let’s see the advantages of MetaTrader Expert Advisor:

• First of all it is a completely automated trading system.
• Expert Advisor is using only unique Forex trading strategies.
• It’s based only on really tested Forex strategies!
• Only best Forex patterns and strategies embedded into expert advisors.
• MetaTrader Expert Advisors excludes(!!!) the human factor. It’s very and very important factor.
• It’s flexible system for free testing of your own Forex strategy on historical data.
• It’s open source code system. You can easy program your own expert advisor for free.
• You can easy embed other Metatrader expert advisor(see below).

As you know, Metatrader - is the famous Forex trading platform around a Forex world. It has a variety of advantages and useful functions compared to other Forex trading platforms. Another big advantage of MetaTrader 4 trading platform – absolutely free of charge and convenient for trading on the Forex market.

After you saw all powerfull and importance of Metatrader expert advisors, let’s see how quickly and easy install any Metatrader expert advisor on Metatrader forex platform.

MetaTrader Expert Advisor Installation Guide.

1) First of all you have to know what metaTrader expert advisor should have .ex4 or .mq4 file extension(ex4 extension – compiled code and mq4 extension – source code)!

2) After downloading or creation of your own expert advisor it’s necessary to copy file to the MetaTrader Expert Advisor folder – root directory, in which you installed your MetaTrader 4 Forex terminal.

MetaTrader Expert Advisors folder - root directory.

3) After it you must restart MetaTrader program(close MetaTrader platform window and start terminal again).

4) Now, after restarting the MetaTrader 4, you can open installed Expert Advisor (in the Navigator window section) and start to use it. It’s really easy!!! Now you can enjoy your installed Metatrader expert advisor.

Metatrader expert advisor.

But sometimes you can run into errors. Don’t worry. Let’s see how can we decide these problems:

1) Your Metatrader 4 platform has MQL file editor. To open it, just press F4 button.

2) If you have an ex4 file only, then an icon in the window Navigator will be grey.

3) If you have any errors in a source code, then an icon in the window Navigator will be grey too.

4) After it, just open error source file in MQL file editor(F4) and try to compile if by pressing on F5 button or “Compile” button(at the center top of the editor window). In most cases it must help you to fix those errors.

5) After success compilation, all you need to do is activate your installed Metatrader expert advisor.

MQL file editor.

Next time I will start to describe the main types of Metatrader expert advisors. I will show a really examples of these Metatrader expert advisors. Also, I will add some types of MEA for free download. I hope that this article was useful.

In the end let’s see small and useful video tutorial: “How To Install, Load and Run Metatrader Expert Advisors”.

MetaTrader Expert Advisor

Automatic forex system trading.

What does it mean automatic forex system trading and why should we use it? As you know Forex market is alive 24/7 continuously. And all time you sleep, eat or even work you lose your money. It needs to be monitored every second. But today you can easy decide this problem by using automatic forex system trading. Now you can simply download any automated forex platforms onto your computer and easy configure the programms settings.

Automatic forex system trading.

At the beginning of using automatic forex system you can begin with a Forex demo account that does not use real money. Forex demo account (practice account) will help build your confidence, learn many different forex strategies to test out your trading ideas. Forex demo account lets you acquire practical skills in working with Forex market. Demo Account – great way to practice technical analysis and to build your personal Forex strategies.

After you’ll feel comfortable enough with demo account you will upgrade it to a real Forex account. Best Forex brokers around the world you can find here.

Before you’ll start to use automatic forex system trading you have to upgrade your internet connection, because a web version of automated forex system requires a high-speed and reliable internet connection. Why? See at 1-min forex chart of any currency pair and you’ll understand it. Today Forex trading happens so quickly and internet connection is the only way to go.

Automatic forex trading system.

Modern forex mechanical system tradings work the same ways as you want them to. Probably main advantage of automatic forex trading system is full control of your money risk. As you know, stop loss orders help Forex traders control risk by capping losses!

Many Forex traders use automatic forex system, because it can really enhance your profit making opportunity in the Forex market. But you should know, automatic forex system is unpredictable, because Forex – is a risky business.

Automatic forex system is not trendy or complex, it only helps a forex trader find and act on potential market trading opportunities faster. Probably any modern automatic system consist of big quantity of different forex indicators, charts, real-time Forex news, Forex patterns, signals and so on.

It’s really amazing to see real-time currencies charts. Modern automated Forex trading systems are divided into 2 types: web-based system & desktop-based Forex system. One more thing. Automated Forex Systems it’s a really time saving!!!

Just try automatic forex system trading and easy sleep at night .Test any forex system and you will see, this simple system can help you in your quest for currency trading success.

Forex mechanical system trading.

Head and shoulders pattern. Forex trading.

Independent, which time unit, is applied price movement Forex charts form different kinds of periodically repeating equal patterns. Some of those patterns always occur on charts before the trend reversal when the volume is significantly decreasing or increasing. Such formations known as reversal patterns are considered below.The Head and shoulders pattern is one of the most reliable and well known chart formations. It consists of three consecutive rallies. The first and third rallies—the shoulders—have about the same height, and the middle one—the head—are the highest. All three rallies are based on the same support line (or on the resistance line in the case of the reversed Head and shoulders formation), known as the neckline.

Head and shoulders pattern.

A real example of the “Head and shoulders pattern” is shown on the Figure bellow:

Diagram of a typical Head-And-Shoulders pattern.

Prior to point A, the neckline was a resistance line. Once the resistance line was broken, it turned into a significant support line. The price bounced off it twice, at point’s В and C. The neckline was eventually broken in point D, under heavy volume, and the trend reversal was confirmed. As the significant support line was broken, a retrenchment could be expected to retest the neckline (E), now a resistance line again. If the resistance line held, the price was expected to eventually decline to around level F, which was the price target of the head-and-shoulders formation. The target was approximately equal in amplitude to the distance between the top of the head and the neckline. The Forex price target was measured from point D, where the neckline was broken (line DF on Figure).

Example of a real Head and Shoulders pattern in the Pound Sterling chart.

Signals generated by the head-and-shoulders pattern. The head and shoulders formation provides excellent Forex information:

1.The support line. This is based on point’s В and C.
2. The resistance line. After giving in at point D, the market may retest the neckline at point E.
3. The price direction. If the neckline holds the buying pressure at point E, then the formation provides information regarding the price direction: diametrically opposed to the direction of the head and shoulders (bearish).
4. The price target. This is provided by the confirmation of the formation (by breaking through the neckline under heavy trading volume).

One of the main requirements of the successful development of this formation is that the breakout
through the neckline occurs under heavy market volume. A breakout on light volume is a strong warning that it is a false breakout and will trigger a sharp backlash in the currency price. The time frame for this chart formation’s evolution is anywhere from several weeks to several months. The intraday chart formations are not reliable.

Inverted Head And Shoulders. The inverted head-and-shoulders formation is a mirror image of
the previous pattern. Therefore, you can apply the same characteristics, potential problems, Forex signals, and trader’s point of view from the preceding presentation. The underlying currency broke out of the downtrend ranged by the xx’-yy’ channel. The currency retested the previous resistance line (the rally number 3), now turned into a support line. Among the three consecutive rallies, the shoulders (1 and 3) have approximately the same height, and the head is the lowest. Prior to point A, the neckline was a support line. Once this line was broken, it turned into a significant resistance line. The price bounced off the neckline twice, at point’s В and C.

Diagram of a typical inverted head-and-shoulders pattern.

The neckline was eventually broken at point D, under heavy volume. As the significant resistance line was broken, a retrenchment could be expected to retest the neckline (E), now a support line again. If it held, the price was expected to eventually rise to around level F, which is the price target of the head and shoulders formation. The price objective is approximately equal in amplitude to the distance between the top of the head and the neckline, and is measured from the breakout point, D.

An example of an inverted head-and-shoulders pattern in the Swiss franc chart.

Next time I’ll explane you about double top, double bottom and triple top Forex patterns. You’ll see a real example from my Forex trading life.

Trend Reversal Patterns.