FX Links: June 2009

Friday, 26 June 2009

Other Interesting EAs

ytg_2MA_4Level This looks like trading at a good frequency of 10 trades per month in 1H TF. http://codebase.mql4.com/5500 - seems curve fitted to 2008, has too aggressive MM.

The MasterMind 3 - i think this has too aggressive MM - http://codebase.mql4.com/4462

Universum 3.0 - i think this one has martingale elements - http://codebase.mql4.com/3343

Ilan1 martingale family; has some good code inside - check out the code for settings files management http://codebase.mql4.com/source/12546

GLFX is a beast of complexity... given enough time to analyse its usage, it might be successful ... http://codebase.mql4.com/5405 - sold here as S26: forexbarometer.com so there are some support posts in the forum

Gap catcher.. so simple, could it be working? http://codebase.mql4.com/986

Ichimoku + ADX http://codebase.mql4.com/5679

Interesting % candle length indi http://codebase.mql4.com/5518 Try this: when < 10 % and different color than previous candle, then open trade opposite than the small candle, for 1 candle.

iMAX - interesting idea posted by author inteh comments http://codebase.mql4.com/5540

Breakcout indicator http://codebase.mql4.com/5520

Simple on 4 candles http://codebase.mql4.com/4886

Parabolic SAR and Fibo: http://codebase.mql4.com/5175

News trading (fundamentals) EA

Looks really interesting:

http://codebase.mql4.com/4543

Prototype-IX Multi currency EA

http://codebase.mql4.com/4368

Very well written EA, certainly worth a look at least for the coding ideas. It has a lot of advanced EA features.

How does NDD work

http://www.fxfisherman.com/forums/forex-metatrader/general-trading-talk/606-how-does-ndd-actually-work.html

List of MT4 brokers

http://www.100forexbrokers.com/mt4forexbrokers

And another one.. http://www.activtrades.com/

things to look out for when choosing a broker http://www.goforex.net/forex-broker-guide.htm

Broker discussions http://alansforexblog.com/2008/04/20/proof-that-forex-brokers-cheat-you

http://www.metatrader4.com/forum/11555/page4 : So you need to ask your broker if they are EVER a counterparty to your trades. If they are, then your loss is to their advantage, and there is a motive for hanky-panky.If your ECN is NEVER a counterparty, then there is no motive at all, and you can feel safe.

Margin Calculator

Margin Calculator

The margin calculations for one contract of currency based Forex pairs are as follows:

EURUSD = 100,000 EUR x Spot Price x .025
GBPUSD = 100,000 GBP x Spot Price x .025
AUDUSD = 100,000 AUD x Spot Price x .025
NZDUSD = 100,000 NZD x Spot Price x .025

USDJPY = $2,500
USDCAD = $2,500
USDCHF = $2,500
USDMXN = $2,500

EUR/CHF = 100,000 EUR x Spot Price of EUR/USD x .025
EUR/GBP = 100,000 EUR x Spot Price of EUR/USD x .025
EUR/JPY = 100,000 EUR x Spot Price of EUR/USD x .025
GBP/CHF = 100,000 GBP x Spot Price of EUR/USD x .025

Nice PnL calculator for pip values

https://www.pfgforex.com/tools/pnlCalc.aspx

PIP Values
1 pip on 100,000 EUR/USD = $10.00
1 pip on 100,000 GBP/USD = $10.00
1 pip on 100,000 AUD/USD = $10.00
1 pip on 100,000 NZD/USD = $10.00

1 pip on 100,000 USD/CAD = 10 CAD / Spot Price
1 pip on 100,000 USD/CHF = 10 CHF / Spot Price
1 pip on 100,000 USD/JPY = 1000 JPY / Spot Price
1 pip on 100,000 USD/MXN = 10 MXN / Spot Price

1 pip on 100,000 EUR/CHF = 10 CHF / Spot Price (USDCHF)
1 pip on 100,000 EUR/GBP = 10 GBP * Spot Price (GBPUSD)
1 pip on 100,000 EUR/JPY = 1000 JPY / Spot Price (USDJPY)
1 pip on 100,000 GBP/CHF = 10 CHF / Spot Price (USDCHF)