Michael | Forex Trader Portal

Does the random skipping of trades affect the overall result of the strategy?

September 20, 2021 by Michael Leave a Comment

If you do not trust all these robots and trade with your hands the old fashioned way, then you are familiar with the situation when you were distracted from the monitor for a minute and missed an extremely profitable trade. You’re probably very sorry at times like this and angry with yourself and the distractions. … [Read more…]

How to set up monitoring of your account on MyFxBook

September 13, 2021 by Michael Leave a Comment

I think many of you have heard more than once about the importance of keeping a trading diary. Keeping track of and analyzing the trading activity on your account, whether you trade with the help of advisors or manually, is very, very useful. But if you analyze reports from the terminal manually, it will be … [Read more…]

Forex cent accounts – what are they and why are they needed?

September 6, 2021 by Michael Leave a Comment

Hello everyone! Many novice Forex traders do not fully understand the difference between standard (classic) and cent accounts. Therefore, I decided to write this little article in order to clarify. In this lesson, we will analyze: where to open a cent account, what it is, and in what cases you need a cent account, even … [Read more…]

Five Signs of a Useless Forex Indicator

August 30, 2021 by Michael Leave a Comment

Hello, fellow Forex traders! Modern trading platforms allow you to analyze and predict the movements of currency pairs using indicators. Metatrader 4 terminal, widely used on Forex, contains about 50 such instruments. This number can be increased to theoretical infinity thanks to the built-in MQL4 programming language. But a large number of indicators does not … [Read more…]

Montag Expert Advisor – Profit on Mondays

August 23, 2021 by Michael Leave a Comment

It’s no secret that Friday and Monday are special days in Forex. The beginning and end of the trading week are fraught with many tricks and patterns associated with them. One of such interesting Monday patterns is used by the Montag EA. Moreover, the pattern has an extremely high winrate. In the review of the … [Read more…]

Can the stop be greater than the take?

August 16, 2021 by Michael Leave a Comment

There are unbreakable commandments of trading. For example, that the take profit should always be 2-3 times higher than the stop loss, or better 5 times. Everyone agrees with these canonical recommendations from old, dusty books and…. They trade the other way around. Bigger stop, lower take. And then they feel guilty about the “wrong” … [Read more…]

The Fear Of Loss! 5 Questions To Ask Yourself After Losing The Money

March 11, 2019 by Michael Leave a Comment

How to protect the psyche from damages? 5 questions restoring the trader’s peace after a series of losing trades. Use as needed. When you lose money as a result of trading, and this will certainly happen, and more than once, ask yourself these five questions. They will help you to return to a quiet state … [Read more…]

3 Possibilities of Charts in MT4 Terminal You didn’t know about

February 25, 2019 by Michael Leave a Comment

How to adjust a chart in MT4 to suit you? How to change and fix the scale, change the timeframe, find the right panels? Life hacking for newbies in the foreign exchange market! In order to profitably trade in the foreign exchange market, you must be able to work with price charts of currency pairs. … [Read more…]

Forex Simulator – advanced manual strategy tester

February 4, 2019 by Michael Leave a Comment

In order to correctly use the trading system for manual trading, the trader needs to train a lot: open and close deals, read signals. In addition to direct or indirect losses, the most valuable resource is lost in the learning process – time, which depends on the timeframe of the trading system. Fortunately, there are … [Read more…]

Should I leave deals for the weekend?

January 21, 2019 by Michael Leave a Comment

Cheers, collegues forex traders! A question that sooner or later begins to bother everyone who trades on D1 and H4 timeframes. Disputes about whether to leave open positions for the weekend, have been active for a long time. Traders have divided into two opposing camps – some believe that it is necessary to strictly follow … [Read more…]

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Author: Michael