Price action indicator?

Price action trading has become one of the most widely used methods by FOREX day traders as well as position traders worldwide. This popular forex trading approach, which is all about basing trading decisions on a clean price chart analysis with no indicators whatsoever, is often misunderstood by many. Although most, so-called, price action traders know that they should not use any lagging indicators, they are often not aware of the fact that they should also get rid of „time” ...

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Renko & Tick charts for MT4 – FREE Trial

You can download a FREE trial version of the Renko & Tick charting plug-in for Metatrader4 from google drive.

However, it is highly recommended to use the Ultimate Renko plug-in as this is the one that is up to date and enables creating every renko variation you will ever need in your trading. The latest version can be downloaded from the Ultimate Renko product pages.

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EA stops after one trade on backtest…

Q: “The backtesting script works fine for USD-based currency pairs but if I use any other pairs, JPY-based or other crosses it gives an “exchange rate cannot be calculated error”.  
I see this on every EA that I test if the currency is not USD based.  Any ideas?

A: This is an MT4 limitation (occurs when you’re not connected to the broker’s server) when testing a non USD pair with a USD account (or a non-EUR pair on a EUR ...

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