Archive : Metatrader

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Using MT4? Is it time to switch to MT5 yet?

MT4 has been the leading platform of choice for most independent day traders for some years now but recently MT5 was launched but take up from brokers and traders alike has been slow. So does MT5 not warrant the switch over? Is MT4 so much better or are traders just too stuck in their ways?

Filed in: Metatrader

Bulls And Bears MT4 Indicators

The Bulls and Bears MT4 Indicator are two indicators that are designed to show the underlying strength of the current trend. On the chart below you can see I have added both mt4 indicators to one indicator window. You don’t have to do this but I find it easier to look at this way. To


Xprofuter Indicator

XProfuter is an indicator I came across on the FXfisherman site. And whilst I am not sure it is of much use I know that alot will like this sort of “predictive indicator”. Although a few traders seem surprised that it is a repainting indicator, I guess that is the benefit of the

Why Are Expert Advisors Dangerous?

Expert Advisors, as we know, are currently one of the most popular ways to trade. There are now hundreds of them scattered about the internet. You can download several of these from our Expert Advisor list for free. And whilst the concpet of having a small scrpit autotrade your trading system

Filed in: Metatrader

TRIX Indicator

The Trix indicator is nothing more than a triple exponential moving average indicator. Whilst simple in its basis the actual calculation is quite clever as it “the log of the price input over the period of time specified by the length input for the current bar. The current bar’s

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