Fundamental or Technical? No, Fundamental AND Technical

Although I do not reject only technical or only fundamental trading, I believe that the combination of both options leads to a reduction in the number of losing trades. On the other hand, this way of trading definitely requires a greater degree of activity and thinking than deploying an EA on a VPS and waiting for a miracle.
In this article, I will not list specific trades, I just want to point out some websites, tools and indicators that I use, which could be useful for you. You will certainly find many different tools on the website, if you find them useful on this topic, do not hesitate to share them.
Why Both Matter
Fundamental analysis tells you what should happen and why:

1. Interest rate differentials driving currency flows
2. Central bank policy shifts
3. Economic data (GDP, inflation, employment)
4. Geopolitical events affecting safe-haven demand
5. Gold's inverse relationship with real yields

Technical analysis tells you when and where:

1. Entry and exit timing
2. Support/resistance levels
3. Trend confirmation or reversal signals
4. Risk management (stop-loss placement)
5. Market sentiment through price action

The Synergy in Practice
Example 1: EUR/USD Trade

1. Fundamental: ECB turns hawkish while Fed signals pause → EUR should strengthen
2. Technical: Wait for EUR/USD to break above key resistance with volume confirmation
3. Result: High-probability trade with both narrative and price action aligned

Example 2: Gold Trade

1. Fundamental: Fed cuts rates + rising geopolitical tensions → bullish for gold
2. Technical: Gold retests support level, forms double bottom pattern
3. Result: Strong fundamental backdrop meets technical setup for entry

How to Integrate Both

1. Use fundamentals for direction – Determine which currency should strengthen/weaken or if gold should rally/decline
2. Use technicals for execution – Find optimal entry points, set stops, identify profit targets
3. Watch for divergences – When fundamentals say one thing but technicals show another, wait for alignment or reduce position size
4. Time frame matching:
   1. Long-term fundamental view → Higher timeframe technicals (daily/weekly)
   2. Short-term trading → Lower timeframe technicals (H1/H4) within fundamental context

5. Risk events – Technical levels often break during major fundamental releases (NFP, CPI, FOMC) – adjust accordingly

The Edge
Traders using only fundamentals often enter too early or miss the move entirely.
Traders using only technicals get stopped out when unexpected news hits.
Traders using both have context for their setups and timing for their execution.
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That's a general description. I'll add to that:
If you have a good grasp of fundamental analysis, you cannot be surprised by sudden movements, such as market manipulation (SL hunting, SL grabbers), or taking profits before an important economic report is released. Conversely, when moving to a predefined level (if there has been no change in the fundamentals), you can add another position.

My tools
Fundamental analysis
1. Fundamental analysis - I use the blog Sive Morten (supervisor of the large European bank's risk assessment department). Every Saturday and Sunday, he provides a detailed fundamental analysis of economic and political events that occurred during the week, analyzes in detail important economic, political and statistical indicators that affect world markets, with an emphasis mainly on USD and EUR. He technically analyzes the possibility of EUR/USD trades with regard to harmonic patterns, and provides a separate fundamental and technical view of gold and BTC. All in text form and in the form of videos. He can also include a discussion of the possible lack of liquidity in the markets, so you will not be surprised by deep and sharp market movements. In addition, he updates the development of possible recommended trades every day in shorter discussions.
2. Economic calendar – I use my favorite calendar from the website https://www.forexfactory.com/. In the weekly overview I see important events that can have an impact on the markets (e.g. if an instrument previously went through a long rally, profit-taking usually also occurs).
3. Daily news - To view current news that affects intraday trading, I use an RSS reader with the lowest refresh rate, connected to the source InvestingLive. Since some events can cause sharp market movements, it is good to know what is behind them, or whether there is a fundamental change that may affect the holding of open positions.

Technical tools and indicators
1. Daily Range Strength Indicator – indicator for MT4 available on the website https://www.mql5.com/en/market/product/148284. A very well-designed indicator, where I can see the so-called RiskOn or RiskOff mood of the market at a glance. I can see how stock indices, gold, oil, USD index and, subsequently, individual currencies behave. The indicator also displays the so-called daily range of currencies (I have not found a use for this yet).

2. Symbol changer – a perfect tool that is missing in MT4 - it significantly increases the efficiency of work when reviewing individual pairs. Just set up and customize one chart and you can conveniently switch to any instrument and timeframes.

3. Pivots – the decisive indicator according to which I set either pending orders or enter a market position, depending on how close the SR levels are. However, if it is a significant change in the fundamentals, the proximity of the SR level does not play a role, I enter with a direct order. Otherwise, I use these levels as TP and SL. The indicator is set to weekly TF.

4. SwapDashboard – The last tool is from the mql5 website https://www.mql5.com/en/market/product/151918. A clear view of the Swap provided by the broker. If the Swap is also on my side, I take it as another reason to enter a position.

AI tool that turns trading ideas into executable strategy code (now supports MQL4)

https://iris.findtruman.io/ai/tool/a..._code=SY65CG8W

Use AI to help traders turn their strategy ideas into real, working strategy code for different trading platforms. It recently started supporting MQL4, so I thought it might be useful to share it here.

You can describe your trading idea in plain language (for example, your entry and exit rules, indicators, filters, money management, etc.), and the tool automatically generates MQL4 EA code that’s ready to test or modify in MetaTrader 4. It’s designed to produce cleaner and more reliable code than general-purpose AI tools.

I built it mainly to save time when prototyping or translating EA ideas across platforms.