Archive for the ‘Software’ Category
How to draw a price channel
We use price channel for our forex analysis frequently. Here is an example in August. EURUSD fell from 1.2908 and tested the price channel in August 9, the fall is limited by the price channel and rebounded to 1.2908 area in August 10.
How to draw a price channel
1. Run MetaTrader and press the “Equidistant channel” button on the tool bar.
2. Draw the first line from A to B.
3. Move the second line to C.
How to use MetaTrader to find market cycle
Price movement is a series of tops and bottoms, the price runs from one bottom/top to another is called a cycle and each cycle has the similar length. MetaTrader has an excellent tool to help you identify the market cycles. Read the rest of this entry »
Online Trading Platform - MetaTrader 4
MetaTrader 4 is an online trading platform designed for financial institutions dealing with Forex, CFD, and Futures markets, and we use MetaTrader for our Forex Market Analysis. It is integrated many indicators and drawing tools in its trading platform, you can even add new indicators by yourself using the MetaQuotes Language Editor, and more…
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