New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 35

1 trade has been closed since the last update.  It was a loss. The total realized loss is $222. Last week, we ended at $1525 in profit minus interests and fees.  After the loss this week, that brings our total net profit to $1303 minus interests and fees. The strategy can be found here. The previous week’s… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 35

The MT4 EA Suffered a Loss This Week and the Forex Market Remained Quiet before the Easter Weekend

The euro returned above 1.23 today but the trading activities were thin because of the Easter weekend. The EUR/USD started the week fairly strong because of the trade war concerns from the U.S., but the sentiment turned around abruptly midweek and the euro fell almost 200 pips from the high of 1.2480 before it recovered… Continue reading The MT4 EA Suffered a Loss This Week and the Forex Market Remained Quiet before the Easter Weekend

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No Trades from the Buy EURUSD MT4 EA While the Euro Fell Quickly to 1.2350 after the Revised U.S. GDP

The euro continued its decline against the dollar and fell sharply after the stronger-than-expected revised U.S. GDP numbers. After the EUR/USD encountered the strong resistance near 1.2480 and was unable to reach 1.25, it reversed its course quickly.  The fall was exacerbated today by the stronger-than-expected revised U.S. GDP numbers, which came in at 2.9%,… Continue reading No Trades from the Buy EURUSD MT4 EA While the Euro Fell Quickly to 1.2350 after the Revised U.S. GDP

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The Buy EURUSD MT4 EA Incurred a Loss Since the Euro Was Unable to Break above 1.2480

The euro abruptly reversed the trend today after the disappointing data from Europe and the dovish comment from the ECB. The EUR/USD was unable to reach 1.25, which was proven to be a very strong resistance level.  The euro turned south and broke down quickly.  The combination of the poor economic data and the dovish… Continue reading The Buy EURUSD MT4 EA Incurred a Loss Since the Euro Was Unable to Break above 1.2480

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Buy EURUSD MT4 EA Opened a Trade While the Euro Soared More Than 100 Pips

The euro soared today while the USD remained under pressure from the U.S. – China trade war tension and the much more reserved economic outlook comment from the Fed chair, Powell. The EUR/USD soared 100+ pips as fears and concerns about a trade war and a possible U.S. – Russia political woe over the 60… Continue reading Buy EURUSD MT4 EA Opened a Trade While the Euro Soared More Than 100 Pips

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New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 34

1 trade has been closed since the last update.  It was profitable. The total realized profit is $556. Last week, we ended at $969 in profit minus interests and fees.  After the profit this week, that brings our total net profit to $1525 minus interests and fees. The strategy can be found here. The previous week’s result… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 34

MT4 EA Buy Euro Expert Adviser Barely Eked out a Profit before the Euro Reversed Its Course and Plunged toward 1.23

The euro reversed its trend yet again abruptly and tried to stay afloat above 1.2300 after the disappointing economic data from Europe. The EUR/USD was down 60 pips or so after it reached 1.2387 and reversed.  The softer than expected EU data triggered today’s reversal. The EUR/USD was up more than 100 pips against the… Continue reading MT4 EA Buy Euro Expert Adviser Barely Eked out a Profit before the Euro Reversed Its Course and Plunged toward 1.23

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MT4 EA Buy Euro Expert Adviser Opened a Trade after the Fed Rate Decision and the Euro Soared

The euro reversed its trend yet again abruptly and regained 1.2300 after the less hawkish forecast from the Fed. The EUR/USD is up more than 100 pips against the U.S. dollar and trades close to $1.2350.  The Fed raised rates as expected but did not raise the interest rate forecast for 2018.   The U.S. dollar… Continue reading MT4 EA Buy Euro Expert Adviser Opened a Trade after the Fed Rate Decision and the Euro Soared

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MT4 EA Buy Euro Expert Adviser Remained Quiet While the Euro Tumbled because of the Disappointing Data from Germany

The euro reversed its trend abruptly and fell below 1.2300 again. The disappointing economic numbers from Germany triggered the euro’s decline today.  The euro was down more than 100 pips against the U.S. dollar before it recovered a bit.  The German Producer Prices fell 0.1% in February.  In addition, the ZEW Survey indicated that the… Continue reading MT4 EA Buy Euro Expert Adviser Remained Quiet While the Euro Tumbled because of the Disappointing Data from Germany

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