The new NFA (National Futures Association) rule requires forex traders to close trades which are opened on the same currency pair in a chronological order. In other words if you have entered three trades on EUR/USD you need to close the first trade first even if the last trade hits SL or TP. This rule is called FIFO or First-In-First-Out. The Visual FIFO Grid EA enables you to enter several trades on the same currency pair and automatically closes them based on this rule. You may download your free copy from forexbrace.com. This video is the second one out of two which explains the EA.
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This video shows how to use the Visual Trader Studio to build a simple Expert Advisor that opens a Sell (short) trade when the RSI indicator is greater than 50.
Moving average strategy (expert advisor) created with Molanis Strategy Builder. Molanis Strategy Builder for metatrader provides a highly intuitive graphical environment with a comprehensive set of predefined trading blocks that let you design expert advisors and forex signals in minutes. No coding, programming or MQL knowledge is required. The click, drag and drop approach of Molanis Strategy Builder allows you to create visual representations of forex trading strategies and signals as you would with pencil and paper. These trading diagrams are analyzed automatically by Molanis MQL code generator that transforms them into ready to use expert advisors. The interactive graphical environment simplifies the design process and eliminates the need to write MQL code.
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Mar 12 2010