Winning News Trading Strategy

Forex Trading For Beginners - Cadjpy 60 sec Analysis #forex_trading

Forex Trading For Beginners - Cadjpy 60 sec Analysis #forex_trading#forex_trading_strategies
https://www.youtube.com/watch?v=6T1DcYvm6VY
Forex Trade - Technical Analysis
Cadjpy
Analysis Number 12
11 November 2020
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#Here_is_our_forex_analysis_on_this_pair,
Weekly is a strong uptrend and daily structure has shift from bearish to bullish. We will be monitoring price action at the marked zone for any setup according to our strategy. #Note_:_Read_Disclaimer_Below
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Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ...............................................................................................
Note : USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................
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Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

MT4 media based hedge EA?

Does anyone know if there is an EA that sets up hedged bets around major news releases? Can that sort of economic calendar based functionality even be programmed in the MT4 script?
submitted by Sedemmler to Forex [link] [comments]

Has anyone tried Forex robot trading?

What Is a Forex Robot?
These days, it is becoming more and more common for traders to utilize modern methods of technology in their trading and there are many advantages to doing so.
Traders are increasingly likely to use trading systems or software that allows them to automate the trading process — thus reducing the problems of emotional attachment to a trade or a lack of trading discipline. A Forex robot does exactly that and one of the most popular ways to use one is via the MetaTrader 4 platform.
The MetaTrader 4 platform offers a complete solution to a trader’s needs, consisting of charts, news feeds, and more. And, by coding in the native MQL4 programming language, it is also possible to write custom built indicators or even trading strategies — also known as expert advisors.
Free Ex4 to Mq4 decompiler!! Top EA List: https://best-forex-trading-robots.com/
Expert Advisors
An expert advisor (EA) is another name for a Forex robot, one that has been developed to be used on the MetaTrader 4 platform. Since it can be custom built, an expert advisor can be designed to implement any trading strategy or risk management system so long as the designer knows how to code it into the program.
For example, a trader may design an EA to open positions in the market at a certain size after a moving average crossover.
Has anyone tried Forex robot trading? Best-forex-robots
Benefits
The main advantage of using a Forex robot is that it takes the emotion out of trading, which if not addressed, can be a big barrier to many traders. Fear, greed, and stress can build up in manual trading all too easily, leading a trader to lose money and get frustrated with the game.
A robot on the other hand, will implement the chosen strategy flawlessly every time and with a high degree of accuracy. It will also make difficult risk management calculations in the blink of an eye, much faster than a human trader. Not only that, but robots can be designed to trade around the clock and on different markets at once, meaning that you need not have to sit in front of your screen all day and all night.
In short, a Forex robot can take much of the hard work out of trading — that hard work is done beforehand — developing and testing the trading idea.
Limitations
Of course, there are no shortcuts to making money on the Forex markets and working with a Forex robot brings with it its own inherent limitations.
For one thing, Forex markets are fiercely competitive and coming up with a robot that is able to beat the market is a notoriously difficult thing to do.
Indeed, it is not enough to design a robot that works over a couple of weeks data, the robot must work over several months, if not years, of historical data and undergo rigorous statistical testing to prove that it works. Because if a trader cannot be confident that the robot works, they will more than likely abandon it when times get tough.
submitted by Rongpure1 to u/Rongpure1 [link] [comments]

Common Trading Mistakes: How Trend Strategies Lose Edges in Corrections.

Common Trading Mistakes: How Trend Strategies Lose Edges in Corrections.
Losing consistently in a trend is frustrating. It tends to make people feel either stupid or conspired against. The market always goes up ... until you buy. What's with that?

If you find yourself getting the run around in trending moves, this post should help.

We'll start with having a look at the areas common styles of trend following can generate losing signals '/ stop losses. The two main types of trend trading are breakouts and retracements. Here we can see the areas they are likely to generate losing trades in a typical trend formation.

https://preview.redd.it/14c7t96ufbj31.png?width=637&format=png&auto=webp&s=ca52ae781d968c106609808963ff2202e0cfcce9
On the left, we have breakout loses. On the right we have retracement losses.
The trades on the right are not too much of a problem. If you had a sold trend trading strategy using breakouts and maintained it with good money management, you'd be doing well. Having some strings of small losses would not matter relative to the trend moves you catch. It's this red bit. This is where things get sketchy. Here a lot of false signals will be generated. In a larger picture for retracement traders, but also on short term false breakouts.

Strategies that would have been very profitable ran through the blue area can become breakeven or losing strategies in the red area. This is actually (in my view) likely the reason most trend based EAs that can be designed easily or bought have limited long term profitability even if they produce great short term results. To make money in a blue market, the EA needs you to tell it how to do two things. Not get stopped out, and sell. There may be bumpy bits, but it will make money so long as that market condition continues.

This is all well and good, but the reality of having to deal with risk control in adverse market conditions will inevitably come along. When this happens, not adapting your trend strategy to filter out the losing streaks that most strategies will generate seriously hampers your net profitability and can even turn a good strategy bad.

In the early week gap and brief breakout on USDJPY, I thought it was likely we were switching from a blue market to a red market. So I activated the trend followers of different variations on my Shorting Noobs strategy, and waited to see if they'd pick up the worst signals (giving me ideal entries).
https://www.reddit.com/Forex/comments/cvki79/shorting_noobs_fake_news_false_breakouts_and_the/

https://preview.redd.it/v34h1n0sgbj31.png?width=1017&format=png&auto=webp&s=ae7055bf385ee44465b3d2afb42246998bac1114

I explained what I thought the best trade pan for the sort of price action we'd see in the coming trading sessions would be.
https://preview.redd.it/x9qmvoqwgbj31.png?width=763&format=png&auto=webp&s=34a250cf147cda489629c824cd4addb93118701b
My theory here is if you put a bunch of okay strategies (and these are not horrible traders. They have rules, and follow them. Do overall okay) into the very worst conditions, they'll do the worst thing. Which saves me the effort of being here doing what I think is the best thing. To look for big drops, and then it have a little false breakout. Buy this and take profits into spikes.

Here that is a bit closer.

https://preview.redd.it/1vgi23ohibj31.png?width=805&format=png&auto=webp&s=cb13f88ed34431c1e23a0da04fcf3c00f849ee0a
Particularly where the red mark is, this has produce a perfect counter signal. Sharp drop, false breakout. Buy and take profit into spike up.

The interesting thing about this for me, is I do not find too much to be critical about with many of these positions if we are to look at the market from the perspective of a seller. Their stop losses seem to make sense from much of the stop loss rules commonly used (and ones working for them okay in other times of the strategy), but they're commonly being stopped out at the highs.

The main problem most strategies have is the recurrence of what can be increasingly strong looking sell signals. When using solid rules, this is a limited problem (can still be big), but without this and with there being emotional decisions made, this is a really hard time to trade. It's easy to lose all your money trying to follow the trend here, without really doing too much wrong other than starting to chase a loss or refuse to accept a loss. Then things happen so quickly, and that's it. Being a revenge seller selling into the bear engulfing bars right before the 50 pips 1 minute candles does not go well a few times in a row (tried and tested, would not recommend).

As I mentioned in the comments for the OP of this analysis, I stopped selling at 106.05. I stopped copying most of the strategies there because I didn't want them accumulating sells at a possible high. All through the consolidation period their have been sells accumulating and obviously the stops are above the highs, which is exactly the area I'd expect to spike out and reverse from in this pattern. It's what my manual trade plan inverts.
https://preview.redd.it/3488sp3hlbj31.png?width=692&format=png&auto=webp&s=3cbc46de4a1b121526421d27568fe0d7f30d86f8
So at this point these strategies that have been doing well over the blue period (which has been a longer time) have lost most of gains. If the trend continues from here in the main they will breakeven on this red section (would be okay). If there are spike outs of the highs they will generate a lot more losing signals. By the end of this, strategies that have been profitable for 3 months will have leaked back a substantial amount of that in only 4 - 5 days.

Learning to remove these correction weeks from their trading patterns would very much benefit most trend following systems.

Here's the overall results from betting against either trend following or trend reversal mistakes like this.
https://preview.redd.it/6f8v4vgumbj31.png?width=818&format=png&auto=webp&s=7bc8049fedf69a447597695a15e9ff1510d3a515
submitted by whatthefx to Forex [link] [comments]

The Best Forex Trading Strategies

The Best Forex Trading Strategies
Traders are in debate to what the simplest Forex trading strategies are for years. That debate is probably going to continue for several more years to return . What most of the people that are new Forex trading want to understand is what's the simplest and the way can we identify it because the best. i would like to first of all consider what a trading strategy is then check out two differing types and asses them both.
A Forex trading strategy or system is just a group of rules a trader will use to enter, exit and adjust his trade. The strategy may consider fundamental analysis, technical analysis or a touch of both. the solution to which is that the best can't be determined by simply watching the results of a technique but by watching the trader also . Psychology is that the single biggest issue traders' face when completing a winning or losing trade. the power to be ready to stick with your own rules during a losing or winning trade are often challenging. it's for this reason many traders will address automated trading systems to beat the psychological issues they're faced with. Auto trading using EA's has its benefits but it's a incontrovertible fact that markets are actually random which suggests a technique working today might not work tomorrow.
What a few mixture of both?
You could be the simplest analyst within the world and still be a terrible trader! what percentage times have you ever taken a trade with all of your analysis in your head then exited early or not taken the trade in the least . a standard scenario isn't taking the planned trade because you could not commit then taking a random trade that wasn't planned and losing. Sounds ridiculous once you read that scenario but it happens a day .
Imagine a system where you'll use your own analysis to line up a trade then use a trading system to require over and perform your settings so you did not have the Psychology to affect . Surely this is able to be the simplest Forex trading system. the great news is these trading systems are about but not many of us are giving them away. You could, however, have a program coded for you that takes trades supported your rules and eliminates the psychology. If you've got a system that works on a manual basis but only works with certain market conditions then this might be the simplest Forex trading strategy.
Adam discovered very early that trading forex required a significant approach so as for it to be of future profitability. Adam has now been trading for 12 years independently and using his hybrid strategy of automated and manual to form a significant take advantage of the Forex market and claims it because the best forex strategy.

https://preview.redd.it/6ggf8w682wr41.png?width=140&format=png&auto=webp&s=b0c225fe804151672cd29e946806bfab5a91cc08
submitted by learn2compound to u/learn2compound [link] [comments]

How to get started in Forex - A comprehensive guide for newbies

Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey.

A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business.

LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY

I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct.

Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards.

Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism.

And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded.

The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I.

For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will.

LESSON 1 - LEARN THE BASICS

Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics.

You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex

Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff.

If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index

Quiz Time
Answer these questions truthfully to yourself:

-What is the difference between a market order, a stop order, and a limit order?
-How do you draw a support/resistance line? (Demonstrate it to yourself)
-What is the difference between MACD, RSI, and Stochastic indicators?
-What is fundamental analysis and how does it differ from technical analysis and price action trading?
-True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning.

If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again.

If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below.

LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX

This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom.

99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU.

Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY.

Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:


These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out.

Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:

If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan.


LESSON 3 - UNDERSTAND YOUR RISK

Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong.

As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly.

Let's do some math here:

You put $2,000 into your trading account.
Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from.
Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown.
Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass.

Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk.

Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle.

200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again.

Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest.


LESSON 4 - THE 500 PIP DRAWDOWN RULE

This is a rule I created for myself and it's a great way to help protect your account from blowing.

Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan.

Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks.

So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50.

It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts.

Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding.

Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management.


LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES

Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well.

In a nutshell:

Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always.

With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences.

You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight.


LESSON 6 - TIMEFRAMES MATTER

Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example.

There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:


If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out.


LESSON 7 - AUTOBOTS...ROLL OUT!

Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it.

Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can.

Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned.

If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong.

If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted.

I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex.

One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody.

LESSON 8 - BRING ON THE HATERS

You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club.

If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality.

We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts.


YOU MADE IT, WELCOME TO FOREX!

If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you.

Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
If there is something else you feel should be included please drop a comment and I'll add it to the above list of pending topics.

Cheers,

Bob



submitted by wafflestation to Forex [link] [comments]

Forex Robot Review - BF Scalper PRO

BF Scalper PRO is an expert advisor which is fully automated. It supports multiple currency pairs - GBPUSD, EURUSD, EURCHF, EURAUD, EURCAD, GBPCAD, USDCAD, USDCHF and USDJPY. The robot has reasonable SL/TP levels, including ATR based algorithm. It is professional version of another free forex robot BF Scalper EA. This system has an optional grid system which is not active by default. So, if you are keen on trading grid strategy you can activate it. The EA works with low drawdown.
In addition, this expert advisor includes strong system such as advanced news filter, volatility filter. What gets my attention about this EA is the email and push notifications system. This is not all, there is an option to use Friday exit system.
If you want to read more please visit https://www.forexmarketcoupon.com/blog/forex-robot-review-bf-scalper-pro-33
submitted by forexmarketcoupon to u/forexmarketcoupon [link] [comments]

Can someone explain to me whats going on here?

Hi all,
New to the trading world for the most part. Dabbled in simulations and demo. Still learning.
Can someone explain to me whats going on with this myFxBook portfolio? Account has been running since 2012 with what appears to be the same automated strategy throughout. Wins average 2-5 pips. Losses are much greater, but the account has a 94% win ratio. Drawdown is only around 6%. Also of note - it appears the EA uses a 92 pip stop loss. Whenever it is hit, another trade is immediately opened in the opposite direction that makes back what is loss with a 13.5 pip take profit. This has happened every time a loss has happened on the account. It just seems like a very odd strategy, yet the account has grown nearly 12x in 6 years. Account is real (not demo) and completely transparent - balance and all is public.
Is this real? And if so - why are people not simply copying this method?
Thanks for the info.
https://www.myfxbook.com/members/ForexMark/gps-robot-fxchoice-100k/396026
submitted by Hahathatssocool to algotrading [link] [comments]

Can someone explain to me what's going on here?

Hi all,
New to the trading world for the most part. Dabbled in simulations and demo. Still learning.
Can someone explain to me whats going on with this myFxBook portfolio? Account has been running since 2012 with what appears to be the same automated strategy throughout. Wins average 2-5 pips. Losses are much greater, but the account has a 94% win ratio. Drawdown is only around 6%. Also of note - it appears the EA uses a 92 pip stop loss. Whenever it is hit, another trade is immediately opened in the opposite direction that makes back what is loss with a 13.5 pip take profit. This has happened every time a loss has happened on the account. It just seems like a very odd strategy, yet the account has grown nearly 12x in 6 years. Account is real (not demo) and completely transparent - balance (450k current balance) and all is public. Even with a live account trading with $450,000 publicly - they still seem to push purchasing their EA in the discussion. It all seems odd, yet the results are there.
Is this real? And if so - why are people not simply copying this method?
Thanks for the info.
https://www.myfxbook.com/members/ForexMark/gps-robot-fxchoice-100k/396026
submitted by Hahathatssocool to Forex [link] [comments]

Tackle Trading Halftime Report Apr 15th 2019

Join us as we break down the markets during our live Halftime Report. Stocks moving: $GS $C $BA $WM $EA $GE $ALGN $TWTR and more. #TeamTackle @tackletrading #trading #stocks #options #forex #futures
First 30 minutes: Market Skyline, analyze the indexes, daily news, economic reports, and earnings performances
Next 15 minutes: stocks on our minds, these are swing trade bullish and bearish setups.
Next 10 minutes: The strategy of the day, deep dive into a swing trade, a teaching segment
Last 5 minutes: final thoughts

https://youtu.be/nNI-beaPIsM
submitted by timjusticeutah to StockMarket [link] [comments]

I made my first profitable Robot and i have some questions.

I posted this in forex but they told me about this reddit so i will post it here
i have been trading forex for 2 years, tried most of the things out there but still lost my first 2 live accounts
i quite my job 3 months ago so i can be free to explore the possibilities of succeeding in this market and in this period i realized robot trading would be better for me, why?
Technical Analysis require me to be looking at the chart a lot and manual trading in general require my presence at a specific time for the trade to be a good entry, and i lake the discipline for that unfortunately.
On the other hand if i have a strategy with Specific rules then there is no point in manual trading, i can program the robot with my rules and it will do the trading for me and it is way faster to find a bad strategy through the back test and move on to continue searching for a good one.
these are my point of view on that matter please tell me what do you think about it.
Now After Exploring with my old and new strategies i found a strategy that i think should work depending on the backtest results,
if you have experience with EAs Please Review it and tell me if i should go live with it
the strategy only Works on USDJPY M5 time frame, WHY??? I keep asking myself Why would a strategy only works on a specific time frame on a specific pair and won't work on any other pair even the jpy pairs won't succeed with them, i can't understand it, WHY?
the strategy is based on price action with couple of indicators so why it performs different in different pairs?
here is the 10 Years back test results from (20 August 2007 to 20 August 2017).
http://i.imgur.com/JOIMyGn.png
and here is 5 years back test from 20 August 2012 to 20 August 2017
http://i.imgur.com/NpzKKxZ.png
is this a good result to go live with the strategy?
I back tested it with average spread, and found out if i change the spread the results change, why?
I risk only 1% per trade and i have a fixed 2.67R per trade and it's averages a trade a week
should I increase the risk maybe to 5-10% ?
and what is the minimum capital for a strategy like this?
sorry if there are stupid questions i am still new to EAs idea, and if you guys have any other tips please share it, thanks.
submitted by PhDinWastingTime to algotrading [link] [comments]

Traders who depends on ROBOTS, i have some questions.

i have been trading forex for 2 years, tried most of the things out there but still lost my first 2 live accounts
i quite my job 3 months ago so i can be free to explore the possibilities of succeeding in this market and in this period i realized robot trading would be better for me, why?
Technical Analysis require me to be looking at the chart a lot and manual trading in general require my presence at a specific time for the trade to be a good entry, and i lake the discipline for that unfortunately.
On the other hand if i have a strategy with Specific rules then there is no point in manual trading, i can program the robot with my rules and it will do the trading for me and it is way faster to find a bad strategy through the back test and move on to continue searching for a good one.
these are my point of view on that matter please tell me what do you think about it.
Now After Exploring with my old and new strategies i found a strategy that i think should work depending on the backtest results,
if you have experience with EAs Please Review it and tell me if i should go live with it
the strategy only Works on USDJPY M5 time frame, WHY??? I keep asking myself Why would a strategy only works on a specific time frame on a specific pair and won't work on any other pair even the jpy pairs won't succeed with them, i can't understand it, WHY?
the strategy is based on price action with couple of indicators so why it performs different in different pairs?
here is the 10 Years back test results from (20 August 2007 to 20 August 2017)
http://i.imgur.com/JOIMyGn.png
and here is 5 years back test from 20 August 2012 to 20 August 2017
http://i.imgur.com/NpzKKxZ.png
is this a good result to go live with the strategy?
I back tested it with average spread, and found out if i change the spread the results change, why?
I risk only 1% per trade and i have a fixed 2.67R per trade and it's averages a trade a week
should I increase the risk maybe to 5-10% ?
and what is the minimum capital for a strategy like this?
sorry if there are stupid questions i am still new to EAs idea, and if you guys have any other tips please share it, thanks.
submitted by PhDinWastingTime to Forex [link] [comments]

Auto-trading fun with Bollinger bands [Novice level].

Whilst we have a fair few 'novice' posts about TA and Global Macro (aka "Fundamentals"), there aren't too many involving auto-trading. Seeing as I'm in the middle of teaching myself MQL4, I thought I'd throw this out there as discussion prompter.
By "novice", I mean someone who has moved beyond complete beginner ("what's a FOMC and a NFP?") but still not deploying robust and market ready strategies ("how does market structure affect news event response?"), so constructive criticism, informed commentary or taking the ideas and developing them further are very much the point of sharing in the first place. It's not meant to be a showcase of code, because the code is a mess!
This post got me thinking about how relatively trivial it would be to implement a Bollinger Band mean reversion autotrader.
Project Goals
My interest in the project was as a way to begin development of a skeleton EA that would use a custom indicator to implement trade signals. The point of this would be to allow for faster prototyping of visually based autotrading before taking it to the testing environment. The key advantage of this is that you can see on your charts which entries are being missed, something that is much more laborious to do via visual mode in the strategy tester.
Concept Development
So to begin the project, I sketched out the concept.
One way to trade Bollinger Bands is to trade the reversion to the mean. Intuitively, we expect that wider deviations from the mean will result in more reliable reversions to the mean. To explore this we could enter when price breaches the second SD band and then returns back inside it.
Here's the default Bollinger Band on default settings in MT4, demonstrating this sort of behaviour:
http://i.imgur.com/dK2oDO7.png
Prototyping
I want to use the indicator, and not the EA, to generate trade signals, as this is the point of the project for me. Because I'm lazy and grew up coding in basements, I opt to fiddle with the default indicator code rather than build up from scratch.
My first goal is to add two things.
Firstly, I want to add another layer of bands, because I saw a set up like that a while ago and liked it. (This is not a very good reason, and I think it costs me down the track).
Secondly, I want to add in a way to visually indicate the trade signals before we pass them to the EA.
Adding another set of bands is just a copy and paste of the existing bands. My learning point here is that I need to adjust the amount of buffers to match the number of bands I want. This comes into play for adding the trade signal arrows, as they need to go in the same sort of structure as the second lot of bands.
[I know from reading about the project goals in advance that EAs access custom indicators via iCustom(). This function can only receive the contents of one of the first 8 indicator buffers. Thus the idea will be that the buffer that marks out the trade entries on the indicator will later be used by the EA to mark out where entries should be. It's possible this is not the best way for EAs to access custom indicators , so input from more experienced coders is welcome!]
#property indicator_chart_window #property indicator_buffers 8 // <---- have to set this to match your copy and pasted buffer amount #property indicator_color1 LightSeaGreen #property indicator_color2 LightSeaGreen #property indicator_color3 LightSeaGreen // hack in (make 'em colourful. Turns out I didn't understand how the numbering worked, and indictator_color4 is never visualised) #property indicator_color4 clrWhite #property indicator_color5 clrWhite #property indicator_color6 clrRed #property indicator_color7 clrGreen #property indicator_color8 clrRed //--- indicator parameters input int InpBandsPeriod=50; // Bands Period input int InpBandsShift=0; // Bands Shift input double InpBandsInnerDeviations=1.0; // Add in for our other Band input double InpBandsOuterDeviations=2.0; // Bands Deviations //--- buffers double ExtMovingBuffer[]; double ExtUpperBuffer[]; double ExtLowerBuffer[]; double ExtStdDevBuffer[]; // hack in buffers (these buffers will store our trade signals) double SellSignalBuffer[]; double BuySignalBuffer[]; // these buffers will hold the additional bands. apologies for the naming, I didn't originally intend to share this double ExtUpperUpperBuffer[]; double ExtLowerLowerBuffer[]; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int OnInit(void) { //--- 1 additional buffer used for counting. IndicatorBuffers(8); // don't forget to adjust this to account for the new buffers IndicatorDigits(Digits); //--- middle line SetIndexStyle(0,DRAW_LINE); SetIndexBuffer(0,ExtMovingBuffer); SetIndexShift(0,InpBandsShift); SetIndexLabel(0,"Bands SMA"); //--- upper band SetIndexStyle(1,DRAW_LINE); SetIndexBuffer(1,ExtUpperBuffer); SetIndexShift(1,InpBandsShift); SetIndexLabel(1,"Bands Upper"); //--- lower band SetIndexStyle(2,DRAW_LINE); SetIndexBuffer(2,ExtLowerBuffer); SetIndexShift(2,InpBandsShift); SetIndexLabel(2,"Bands Lower"); SetIndexBuffer(3,ExtStdDevBuffer); //--- Copy and paste from above, and just change the number! Upper outer band is INDEX 4 SetIndexStyle(4,DRAW_LINE); SetIndexBuffer(4,ExtUpperUpperBuffer); SetIndexShift(4,InpBandsShift); SetIndexLabel(4,"Bands Outer Upper"); //--- Copy& paste, lower outer band is INDEX 5 SetIndexStyle(5,DRAW_LINE); SetIndexBuffer(5,ExtLowerLowerBuffer); SetIndexShift(5,InpBandsShift); SetIndexLabel(5,"Bands Outer Lower"); //--- remind myself which is which so I don't forget later: sell signal is INDEX 6!!!! SetIndexStyle(6,DRAW_ARROW); SetIndexArrow(6,218); SetIndexBuffer(6,SellSignalBuffer); SetIndexShift(6,InpBandsShift); SetIndexLabel(6,"Sell Signal"); //--- buy signal is INDEX 7 !!! SetIndexStyle(7,DRAW_ARROW); SetIndexArrow(7,217); SetIndexBuffer(7,BuySignalBuffer); SetIndexShift(7,InpBandsShift); SetIndexLabel(7,"Buy Signal"); //--- check for input parameter if(InpBandsPeriod<=0) { Print("Wrong input parameter Bands Period=",InpBandsPeriod); return(INIT_FAILED); } //--- SetIndexDrawBegin(0,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(1,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(2,InpBandsPeriod+InpBandsShift); // hack in our additional buffers, so they also start at the corect point SetIndexDrawBegin(4,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(5,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(6,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(7,InpBandsPeriod+InpBandsShift); //--- initialization done return(INIT_SUCCEEDED); } //+------------------------------------------------------------------+ //| Bollinger Bands | //+------------------------------------------------------------------+ // all of this code is from the default indicator int OnCalculate(const int rates_total, const int prev_calculated, const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[]) { int i,pos; //--- if(rates_total<=InpBandsPeriod || InpBandsPeriod<=0) { return(0); } //--- counting from 0 to rates_total ArraySetAsSeries(ExtMovingBuffer,false); ArraySetAsSeries(ExtUpperBuffer,false); ArraySetAsSeries(ExtLowerBuffer,false); ArraySetAsSeries(ExtStdDevBuffer,false); // hack in to make sure our custom buffers run in the same direction ArraySetAsSeries(SellSignalBuffer,false); ArraySetAsSeries(ExtUpperUpperBuffer,false); ArraySetAsSeries(ExtLowerLowerBuffer,false); ArraySetAsSeries(BuySignalBuffer,false); ArraySetAsSeries(close,false); ArraySetAsSeries(high,false); ArraySetAsSeries(low,false); //--- initial zero if(prev_calculated<1) { for(i=0; i1) pos=prev_calculated-1; else pos=0; //--- main cycle for(i=pos; i After a bit of tweaking typos, the indicator now displays two sets of bands, one at 1x SD and one at 2xSD from the mean (moving average). It also has two buffers that will use the DRAW_ARROW style to mark out potential trades.
Adding trade logic
I still can't decide if it's better to isolate the logic code in the Custom Indicator or the EA, in the long run. There seem to be performative, stylistic and redundancy issues, but for the moment the project is to put the logic in the Indicator, so that's what I did.
The fastest way to prototype this idea seems to be identifying when price closes outside of the far band.
This is trivial to achieve. We compare the close to the two outer bands, and if it's outside them, then we set the relevant trade signal buffer.
//
 double tempclose = close[i]; if(tempclose>(ExtUpperUpperBuffer[i]+10*Point)) { SellSignalBuffer[i] = high[i]+(20* Point); } else { SellSignalBuffer[i] = 0; } if(tempclose<(ExtLowerLowerBuffer[i]-10*Point)) { BuySignalBuffer[i] = low[i]-(20*Point); } else { BuySignalBuffer[i]=0; } } 
It works!
http://i.imgur.com/Ak3UkkK.png
Green arrows successfully mark out possible sell entries where price closes above the top band, and red arrows mark out possible buy entries when price closes below the lower band.
The logic can be a lot more complicated than this obviously, but the point of my project is to develop the iCustom technique, rather than make a good autotrader.
Now it's time to switch to the EA.
part two to follow
submitted by alotmorealots to Forex [link] [comments]

Differences between MetaTrader4 and MetaTrader5

MetaTrader4 (MT4) and MetaTrader5 (MT5) are the industry's two most popular and leading trading platforms for forex trading transactions. MT4 and MT5 both excel in providing automated trading systems with expert advisors. MT4 and MT5 being the platforms for same transactions though are different in their functions and workings. It's just a myth that MT5 is an upgrade of MT4.
MT4 was specifically developed for forex traders and MT5 was developed to provide traders with access to CFDs, stocks and futures. MT4 uses a programming language called MQL4 whereas MT5 uses MQL5. MT5 with MQL5 is considered to be easier to program as it allows 'Blackbox" programming which provides a better framework for users and developers of trading robots and another EA's. However, MetaQuotes have led to initiate this capability in MQL4 too leaving no difference between these two platforms. MQL4 is basically used for developing trading programmed whereas MQL5 is used to add a positional system. MQL4 requires multiple functions at one time to perform a trading transaction whereas MQL5 are faster and more efficient to execute a trading transaction as it requires only one function to work for sending trade requests.
Programs written and framed to function in MT4 cannot run in MT5. Though MT5 retains two of the basic programming advantages over MT4. Firstly, being its back-testing functions where you can test your programmed trading strategies and execute them at higher speed. This would save a lot of time and assist to run large number of back tests. Secondly, it allows multi-currency pair back testing which being together can speed up your back-testing procedures.
MT4 provides convenience to its users to customize the interface according to their trading needs. It also provides a simple and easy interface to operate. Whereas, Mt5 comes up with more additional features with providing the option to trade futures and stocks. Though MT5 has a similar layout but it offers more timeframes, services and advantages.
There are also some technical differences between MT4 and MT5 :-
· MT4 has 3 order execution types whereas MT5 has 4 order execution types.
· MT5 poses an advantage with providing partial order filing which is not in the features of MT4.
· MT5 can be netted whereas MT4 cannot.
· MT5 depicts reports in a proper format of a chart (HTML5) and tables whereas MT4 uses just the tables.
· MT5 promotes automated Log file Zip compression whereas MT4 do not.
Well after coming across various differences between MT4 and MT5 , we can ascertain that MT5 poses a better picture with added features and improved technological upgradations. Though it depends upon your usage i.e. for instance if you are new to trading and are looking to trade forex than MT4 is probable to use for the beginners whereas if you are aiming to have more versatile technology and software with extra added professional features than MT5 is the ideal option.
We here at Tradingstacks provide you option to trade from both MT4 and MT5 to give you wide varieties of platforms to trade and earn you benefits with our fast trading servers. So, what are you waiting for, get your Forex trading plan now from Tradingstacks and earn in milliseconds.
submitted by tradingstacksindia to u/tradingstacksindia [link] [comments]

EA (Expert Advisers),What they are and why they are used in Forex

EA (Expert Advisers),What they are and why they are used in Forex


An expert adviser is simply a program which can execute any task it's instructed to do without any direct human involvement required.
They allow the user to automate the trading and analytical process on a given platform such as MT4.If trying to make an EA one needs to use an editor such as Meta Editor on the MT4 terminal. Then the user gives a set of instructions to the program to execute under certain conditions, it can be user to execute multiple trades in seconds or perform analytical process on any given feed/information given on the MT4 platform.
Why EAs are popular and used?
Quick to open positions and react to market volatility:
With so many instruments available to trade and so much analysis to do, humans can not make time for the analysis of the market and cannot open multiple positions to avail all the intraday opportunities in the market. While an EA can analyze a greater number of instruments to make truly a diverse portfolio and react to market volatility much faster.
EA strategies can be back tested:
The set of instructions or the strategy that you code in the EA can be back tested to ensure that it's delivering the results wanted by the developer.
No Emotions to hamper potential profits:
Emotions and psycology plays an important role when the trade goes the wrong way. One of the many benefits of an EA is that it has no emotions as compared to humans and can open close trades based on the parameters given and respond with risk management protocols if trades go wrong.
No rest needed :
Unlike humans the EA doesn't need to eat, sleep, drop kids to school or go to work etc. They start compiling the instruction set whenever the program/EA is executed. It can perform market analysis all the time without break and open trades when there are more potential opportunities in the market which the human trader might be missing because of his busy life.
However traders should be aware of the risks involved with using an EA. There are many good ones giving a substantial return over investment per anum but many of the ones which claim astronomical returns might turn out to be fraudulent. If these astronomical returns were that easy to get using EAs then all banks and hedge funds would just put their money with the EA and the world would be a much richer place :D
While checking for EAs to buy be sure to check their history , user reviews and back tested data before risking your investment. Remember many unethical brokers make fake historical trade data which these fraudulent EA developers market online and entice clients with huge returns.
For more News from the FX Markets visit our website.
We also have on demand webinars for clients who are interested in growing their knowledge in the FX sphere.
submitted by StrattonForex to u/StrattonForex [link] [comments]

COMPREHENSIVE Forex Trading SOLUTION/ANSWER; FEEDBACK NEEDED

The following is a comprehensive response outlining a viable, reasonable, scalable, and sustainable solution for achieving financial independence/prosperity. Please let me know what you think as I would appreciate your feedback.
Trade the financial markets, specifically Forex trading. It's a fkin trillion dollar industry! There are a plethora of businesses online that sell software to meet the trading/investment needs of various demanding clients.
Just look up online EAs (Expert Advisor, which is automated/algorithmic trading, for Meta Trader 4), verify results using the myfxbook website (i.e. a reputable independent third-party website that certifies and tracks the record/performance of various trading strategies/systems, including commercial EAs), purchase the EA, verify results again by running/performing both a backtest and a forward test (i.e. paper trading on a demo account), and then, and only then can/should you use the EA with real money trading on a live/real account.
You can verify the EA's reliability by performing a backtest for a "significant" time period (for example 5-10 years; or depending on the "frequency" of trades placed from the EA) coupled with 2-3 months of forward testing (i.e. paper trading on a demo account) and if the results are "consistently" profitable (i.e. "overall consistent" "monthly" profits from both backtesting and forward testing) with drawdowns being not "too much/high/extreme" AND not "too frequent", then you can go live and trade using real money.
It's okay to expect a particular trading strategy/system to expire (i.e. lose its edge, or for profits to weaken/deteriorate/diminish). When that time comes, simply go onto the next “hot/trendy” EA or if you were fortunate enough to accumulate significant profits, you can store those profits in an interest-savings account and receive periodic income that way.
The purpose of backtesting and forward testing is to ensure drawdowns are not "too much/high/extreme" AND not "too frequent", AND that there is proper risk management "embedded within the EA", thus minimizing/avoiding the risk of "extreme" drawdown or "extreme" losses when using real money.
Note: The switch to "another" hot/trendy EA should be made when the profits earned from the "current" EA have reached a point/level where it no longer appeals to the individual's interest/preference. However, if there is an "unusual/unexpected/unanticipated" "significant" drawdown (according to the performed backtest and forward test), then that would unfortunately represent an actual/real risk/loss incurred by the individual (and would still require a switch to another hot/trendy EA). This risk can be "mitigated/minimized" by performing a backtest "AND" a forward test (both for a "significant" time period, i.e. depending on the "frequency" of trades placed from the EA), AND by conducting a proper psychological evaluation of the EA seller (as an "individual" entity), i.e. evaluating their reliability, logic, and confidence when it comes to addressing/answering relevant/crucial questions pertaining to Forex/Finance/Trading/Investing (rather than asking for or needing specific details regarding their intellectual property or proprietary strategy/system/software, i.e. their source code or trading methodology).
Ultimately, it comes down to “risk tolerance” while taking into account the results obtained from backtesting and forward testing, as well as the level of confidence and trust you impart/place on the person/group selling/distributing the EA.
Note: refer to the Investopedia website for definitions on the following terminology/vocabulary: backtesting, forward testing (i.e. paper trading on a demo account), drawdown (DD), maximum drawdown (MDD or MaxDD), and monthly/annual ROI (return on investment, as a percentage).
Also, note: "focus" on testing for maximum drawdown (MDD or MaxDD) (making sure drawdowns are not "too much/high/extreme" AND not "too frequent"; for example, not greater than 30%-50%, depending on your risk tolerance or preference) and looking for a "track-record" of "overall consistent" "monthly" profits from both backtesting and forward testing, i.e. paper trading on a demo account (both for a "significant" time period, depending on the "frequency" of trades placed from the EA). This "track-record" can be "verified" either through the "myfxbook" website or through the combined use of backtesting and forward testing.
~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~
Each and every year, students graduate from college and university. How is it "economically feasible" to provide jobs for all or most of these people? My understanding is that people need to display a good understanding of the psychology of first impression, which includes genuine/authentic personality, trustworthiness, and competency (reflected in education); in other words, honest, reliable, and competent in relevant matters, or integrity, energy, and intelligence.
Problem: The individual's attainment of their “desired dream/career job", which is their ultimate purpose for pursuing "rigorous" higher education (i.e. college or university) or "rigorous" professional education (i.e. apprenticeship or trades).
I believe that a lot of people attend college and university with the hope that they will obtain a job after they graduate, a job that will support them financially. If money is the primary reason for their pursuing higheprofessional education, shouldn't they be "informed" (as part of a global/collective civic/social responsibility) that there are alternative ways of making money (personally, namely, trading the financial markets), ones that will actually lead them to, or at least have a higher probability of leading them to, financial independence/prosperity, since the chances of them achieving such goal upon graduation from college/university is realistically slim – if not the problem of difficulty finding employment related to their “desired careedream job”, then the problem of a dead-end mediocre job with a “fixed” “small” salary?
Should we, as a society, steer people away from college/university, often temporarily, since, let's be honest, our society is currently producing "a lot" of "mediocre" individuals with no real chance of obtaining a job that they were initially in pursuit of? Can we, as a society, do a better job of "realizing" and "maximizing" the talents/skills of these "mediocre" individuals, i.e. individuals who have no real chance of obtaining a job which they had been (or currently are) pursuing/studying rigorously for?
After going through a proper evaluation of current circumstances and current options, I've realized that people need to get certain things in their life straight "before" working on pursuing higheprofessional education – i.e. Health > Wealth > Education/”Prestige”.
The mass of people who pursue college and university because their program is in high demand are ones that are studying the program not for its unique intricacies, but rather only for graduation with the expectation that they "deserve" to be rewarded a job. As opposed to, respect and appreciation to the language their subject takes on (whether that be Accounting language or Computer Programming language, etc.). Respect and appreciation for a subject or field is displayed when the person engages with the subject or field with a “critical thinking” mindset, with the main purpose/goal of analyzing and critiquing thoroughly the accuracy of any statement presented to them that is related to their chosen subject or field, i.e. effectively utilizing journaling and documentation (see relevant section below, point #1 of 2 under “ESSENTIAL/CRUCIAL” for more details); this main purpose/goal is often rooted from a genuine desire/interest/passion for pursuing/studying their chosen subject or field.
The simple fact remains that it is simply not economically feasible to provide jobs to meet the constant influx of supply being produced by colleges and universities, "each" and "every" year. As a result, why are people making the foolish decision to incur immense amount of “DEBT” (keyword) while pursuing higheprofessional education when the economic reality simply does not provide enough jobs for society, i.e. jobs that are specifically expected of from college and university graduates?
Quoted from someone else: "Our societies have for so long told us that education can and should equate to professional success, which should equate to economic success, yet we are entering a period where that simply can't occur. The foundation that those notions were created upon doesn't exist any longer, given how we have evolved and grown as a species, and we have yet to make the transition to a new set of notions."
~~~~~~~~~~~~~~~~~~~~
Some ESSENTIAL/CRUCIAL characteristics of an individual who exhibits genuine desire/interest/passion for pursuing/studying their chosen subject/field (especially at the higher education or professional education level) are as follows:
1) Effective "Information Management" strategy (utilizing journaling and documentation). The individual had made it a priority to create and compile personal notes or online documents for the purpose of future-reference and documentation – for potential revision, self-reflection, self-correction, or discovery, as this is crucial for knowledge retrieval, knowledge retention, as well as knowledge synthesis and creating/generating new knowledge. Note: information becomes knowledge when you regard the information as valuable and when you make the conscious decision to keep it as part of your notes with the expectation/option of using it in the future; knowledge is information in action, so actually using the information, instead of dismissing it as irrelevant.
Response from another individual/writer:
  • I don't mean that all information has to be kept as notes, nor that other strategies/tactics of finding/retrieving information aren't valuable. I don't even mean that it's impossible for someone to exist/operate without ever taking any notes. Most saliently, I'm more saying that to categorically omit note-taking from one's information management capabilities/strategy is to invite unnecessary trouble, likely to the point of dysfunction, unless one happens to never be doing anything that involves any significantly elusive information to begin with.
  • My bias toward this assessment is reinforced by 25+ years of highly-technical work that has resulted in literally thousands (or tens-of-thousands) of pieces of information, extremely valuable to me, that can't be readily found anywhere but in my notes.
  • Some of it is information specifically originating with myself – there's no one or nowhere else from which it can be gotten. Some of it is information that took me immense amounts of time, thought, and effort to find/acquire, and I would never want to have to try to find it again. Most of these things are in my notes because they have either already disappeared, or are likely to disappear, off of the internet, or don't lend themselves well to simple bookmark-able reference.
  • Another way of saying this is that personally-kept notes are a reflection of the time/effort/insight one has had to put into acquiring the information, combined with the value of retrieval efficiency (organized for one's own retrieval needs). To subject yourself to relying on reproduction of that time/effort and self-organization is to either admit that the time/effort isn't significant (i.e. the information is rather trivial or ubiquitous in nature), or that your own time/effort spent isn't worth much (if you're willing to repeat it).
  • Also, if one assumes that the information is always going to be right where you can easily find it, or even right where you found it before, that's actually just naive.
  • While its true you still need to expend time/effort into locating the info, it has been organized specifically how YOU determine it should be, and thus truncates any actual "overhead" involved in the typical "location" process, not to mention the guarantee that it's actually there to find. Note: overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense".
  • As a simple/clear example: if you've never spent hours sifting through the deluge from the Google sewer pipe flooding into your browser, just to find anything remotely relevant to the fairly elusive technical scenario you're trying to resolve, then you're probably not acquainted with really anything I'm talking about, and your dismissal would then represent simply being unaware.
2) The individual is ASSERTIVE and NOT PASSIVE towards the subject they are studying. They are WILLING to articulate and share important ideas and concepts from the subject they are studying. The individual is not seen as someone who is under the spell/act (i.e. false and disingenuous impression of superior intelligence) of mindless regurgitation but rather, the individual is able to offer their OWN UNIQUE interpretation on the subject they are studying, while also citing important concepts or ideas where citation is necessary. In other words, the individual demonstrates "individual competency" THROUGH the subject they are studying and are ultimately/inherently passionate about. The individual's competency (i.e. his/her opinion or interpretation of what is relevant or accurate information) is demonstrated through the individual's pattern of logical and coherent thinking, as well as through the individual's writing style (which displays "CONFIDENCE" in what the individual is presenting as relevant or accurate information).
~~~~~~~~~~~~~~~~~~~~
Relevant response from another individual:
Decide where you fall on the self-directed spectrum.
Highly self-directed: technical books and MOOCs (Massive Open Online Courses)
Average: an online community + curriculum like Free Code Camp or theodinproject.com
Not very self-directed: An in-person coding boot camp like Hack Reactor or App Academy; similar to “subpamediocre” college/university “classroom” learning.
~~~~~~~~~~~~~~~~~~~~
There are only so many ways of acquiring wealth (with only some methods actually leading to long-term/sustainable financial independence/prosperity):
1) Real Estate
2) Owning a business; being an entrepreneur
3) Career Job requiring higher education (i.e. college or university) or professional education (i.e. apprenticeship or trades)
4) Minimum Wage Jobs
5) Trading the financial markets; making financial “investments” (stocks, forex, futures, options, equities, commodities, etc.)
~~~~~~~~~~~~~~~~~~~~
Pseudo-Intellectual versus Intellectual (the following is a response from another individual/writer):
An intellectual follows the values and attitudes of Critical Thinking, and exercises good thinking habits. Their interest lies in discovery and self-correction.
The traits of a true intellectual are as follows:
  • intellectual humility – recognizing the limits and sensitivities of one's experience.
  • intellectual courage – ability to examine things and/or state results or potentialities, even if it may be costly/risky to your personal beliefs, or social acceptance, established norms or theories. The ability to put things at risk. Even if they are your own cherished ideas or beliefs that you are putting at risk.
  • intellectual empathy – knowing that you have to imaginatively put yourself in the place of others in order to understand them.
  • intellectual autonomy – being able to think independently, to carry through without constant guidance from others, and sometimes even to come to different conclusions.
  • intellectual integrity – holding yourself to the same standards you hold others, and holding all beliefs to the same standards.
  • intellectual honesty – being willing to admit discrepancies and avoid overlooking exceptions, even to oneself.
  • intellectual perseverance – having the patience to struggle through difficult or complex problems.
  • confidence in reason – willingness to follow the logic where-ever it leads.
  • fair-mindedness – avoiding making unjustified special exceptions or privileges. Holding all viewpoints to the same standards. This does not mean that all views are equal; it means they all are held to the same universal standards. They might end up meeting those standards very unequally. For instance: the theory of evolution vs the fable of creation, or climate change vs science denialism.
A pseudo-intellectual does not do these things. Their interest lies not in discovery and self-correction, but in confirmation of what is already believed. Confirmation Bias. Their "thinking" style is characterized by cognitive biases, a lack of self-reflection/self-correction, a lack of rigor and completeness, and applying woefully different standards to beliefs/ideas that they cherish, and any information that calls them into question.
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submitted by gentlestream to Forex [link] [comments]

I made a list of resources for beginners.

Check back often as this is regularly updated.
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
YOUTUBE CHANNELS N/A ------------------------------------------------------
https://www.youtube.com/useJarrattDavisForex Jarratt Davis - plenty of educational videos to help you get your bearings! *Submitted by masudhossain
https://www.youtube.com/useOneStepRemoved Shaun Overton interviews many forex traders to find out why and how they work.
------------------------------------- BELOW ARE PODCASTS FROM TRADING HEROES WEBSITE ----------------------------------------
Podcast Lessons
TTL001 – Pro Trader Interview: Haji Warithu What he attributes his success to, what amount of money you need to start and how to choose an Islamic broker among other stuff.
TTL002 – Full-Time Trader Interview: Jessica Peletier, AKA Rogue Traderette How she lets her partner know there are losses as well as wins. Where she learnt to trade, why CFDs are amazing etc.
TTL003 - Interview with Pro Trader and mentor Chris Lori. His thoughts on backtesting, why being athletic counts, his development and timeline as a trader, how his trading results exploded and what to do if you want to manage funds.
TTL004 – Interview With Pro Trader Adam Jowett The common trait he sees in successful traders, how long it took him to become profitable, the most important trade that made him successful, his favourite books and why they both like Jessica Peletier.
TTL005 Doesn't seem to exist. I'm not joking.
TTL006 – How Colin Jessup Went From Warehouse Worker To Professional Forex Trader And Soon-To-Be Fund Manager A warehouse worker went through his trials and tribulations to be given the offer of managing an $80 million fund. How he started with $800 and no clue what to do, 2 biggest mistakes he sees traders making, how he continues to improve and what has happened to his lifestyle since becoming a full-time trader.
TTL007 – The Inspiring Story Of How Psychologist Walter Peters Quit His Dream Job To Trade Forex Naked For A Living (not what you think) How Walter Peters quit his job to trade forex for a living. This guy trades naked using No indicators
TTL008 – How Lynette Allen Combines Minimalism, Line Charts And Only One Currency Pair To Trade For A Living How Timothy Sykes inspired her, what minimalism is all about and how it's spread to every facet of her life, what her single pair to trade is, what the 2 best traits for successful traders are and plenty more!
TTL009 – How Brian McAboy Leveraged His Engineering Background To Trade And Coach For A Living What plastic bottles have to do with trading, how much money you need to have to be properly funded and go full-time, how much work you have to do and how long it'll take to get there, 2 best traits to have and loads loads more!
TTL010 – How Rafael Veron Taught His Wife To Trade Better Than Fund Managers Can you actually trade from a beach? The use of hypnosis to make him a better trader, the method that works with his psychology, how much you need to get started, how long it took him to become profitable and what he would do differently if he had to start over! plus loads more!
TTL011 – Why (and how) 50 Pips Trades Forex For A Living What does trading have to do with golf? Things you could learn from his students and his opinion on black box systems and fibo retracements.
TTL012 – How A Millionaire’s Intuition Transformed Chris Capre From Yoga Instructor To Professional Forex Trader Personal Favorite I love this guy because he's true and noble. He is philanthropic, offers trading courses that are cheap and really knows what he's talking about. He explains how a 3 second glance can stop you 2nd guessing yourself, how much he made with $3000 in 6 months and plenty more!
TTL013 – Steve From No Brainer Trades And The Only Thing You Need To Remember When Trading What the biggest killer of our accounts is, the cliches that are true, where to find the hidden information amongst many other things.
TTL014 – How Casey Stubbs Went From Computer Geek To Forex Trader His opinion on EAs, why he trades the way he does and the biggest mistakes to avoid!
TTL015 – Trading For A Living Risking Only 8 To 12 Pips Per Trade: Kim Krompass How she was profitable from the start, her strongest trait, her strong opinion on backtesting and demo accounts, how she lost her fortune and info on her 2 most succesful students.
TTL016 – How Custom Programming Can Help Almost Any Trader With Shaun Overton How to know when you're in the forex dream, lots of info on automated systems and his experience with AI.
TTL017 – Bank Dealer Turned Independent Trader Walter Vannelli Shares His Experience His unique style of meditation, why banks win and how you can fight back, his daily routine and how much you needed to trade in the 80's.
TTL018 – How Reynaldo Soriano Makes A Living Trading 1 Hour A Day Why he holds trading contests, why forex is the best market to learn in, how institutions work and why he stopped day trading.
How A South Central Public School Teacher Became A Successful Forex Trader With Greg McLeod How he's turned some traders around in 30 minutes, why you never trade on a monday, the courses he bought, why he teaches outside the classroom and why he sent his kids to learn chinese.
Edit - I've spent about 2 hours making this now. I hope you guys find it useful! I'll continue to update it and may you all find trading success. If you want to help me out spread the link! put it on forums or share it with friends. Good luck to you all and happy trading!
Edit 2 - My brain is fryed... time for a rest.
Edit 3 Once I've categorized this post making it easier to navigate i'll be adding books to read, videos to watch & the traders that will help on your journey to self-sufficiency. Happy trading everybody!
submitted by Dannyboi93 to Trading [link] [comments]

Should I leave my job to start my biz or be patient and save up first?

Not sure if this is the right sub so to the moderators, do let me know.
I have a mediocre job as an all-rounder IT guy working the usual office hours and handling projects. Lately, the company isn't performing well what with the current economic climate and all. So I'm quite unhappy with what I'm working with currently and was so looking forward to growing with it.
I have a car loan, personal loan, home loan, am married and have a kid about 4+ months old. With the way things are going, my job is stale and won't be improving within the next year.
Since last year, I have been rigorously and aggressively been looking for a new job with higher pay. I've tried remote and not a single bite for an interview. I've tried the local job market and I did get few interviews but didn't get through.
So I started looking at starting a business, dropshipping and web dev service. Set up my website, did a bit of marketing after work, the whole deal. I had a sale in both but it was hard to follow through because it happened while I was working at my job. My time is very limited to running businesses and tried looking for something less time sensitive like forex. I learnt how to create EAs but still can't find that trading strategy feasible enough to let it run 24/7.
I'm getting tired and not sure what to do anymore. I really think my businesses can grow but only if I had extra time to run them. That leads me with 2 options as I see it:
Option A) quit my job to focus on the business with no savings and just dive in.
Option B) stick to my awful job for how long the company will last until I have savings enough to fall back on in which, according to my accounting and calculations, will be ready by mid 2018.
I'm hoping to hear an option C from you.
TLDR: Have sucky job. Tried job hunting, no catch. Tried business, no time to run them. Have debts. Should quit to run the business now or save up until mid 2018 to quit and run the business? A third viable option is appreciated
submitted by nosepickingexpert to personalfinance [link] [comments]

Feedback Needed

The following is a comprehensive response outlining a viable, reasonable, scalable, and sustainable solution for achieving financial independence/prosperity. Please let me know what you think as I would appreciate your feedback.
Trade the financial markets, specifically Forex trading. It's a fkin trillion dollar industry! There are a plethora of businesses online that sell software to meet the trading/investment needs of various demanding clients.
Just look up online EAs (Expert Advisor, which is automated/algorithmic trading, for Meta Trader 4), verify results using the myfxbook website (i.e. a reputable independent third-party website that certifies and tracks the record/performance of various trading strategies/systems, including commercial EAs), purchase the EA, verify results again by running/performing both a backtest and a forward test (i.e. paper trading on a demo account), and then, and only then can/should you use the EA with real money trading on a live/real account.
You can verify the EA's reliability by performing a backtest for a "significant" time period (for example 5-10 years; or depending on the "frequency" of trades placed from the EA) coupled with 2-3 months of forward testing (i.e. paper trading on a demo account) and if the results are "consistently" profitable (i.e. "overall consistent" "monthly" profits from both backtesting and forward testing) with drawdowns being not "too much/high/extreme" AND not "too frequent", then you can go live and trade using real money.
It's okay to expect a particular trading strategy/system to expire (i.e. lose its edge, or for profits to weaken/deteriorate/diminish). When that time comes, simply go onto the next “hot/trendy” EA or if you were fortunate enough to accumulate significant profits, you can store those profits in an interest-savings account and receive periodic income that way.
The purpose of backtesting and forward testing is to ensure drawdowns are not "too much/high/extreme" AND not "too frequent", AND that there is proper risk management "embedded within the EA", thus minimizing/avoiding the risk of "extreme" drawdown or "extreme" losses when using real money.
Note: The switch to "another" hot/trendy EA should be made when the profits earned from the "current" EA have reached a point/level where it no longer appeals to the individual's interest/preference. However, if there is an "unusual/unexpected/unanticipated" "significant" drawdown (according to the performed backtest and forward test), then that would unfortunately represent an actual/real risk/loss incurred by the individual (and would still require a switch to another hot/trendy EA). This risk can be "mitigated/minimized" by performing a backtest "AND" a forward test (both for a "significant" time period, i.e. depending on the "frequency" of trades placed from the EA), AND by conducting a proper psychological evaluation of the EA seller (as an "individual" entity), i.e. evaluating their reliability, logic, and confidence when it comes to addressing/answering relevant/crucial questions pertaining to Forex/Finance/Trading/Investing (rather than asking for or needing specific details regarding their intellectual property or proprietary strategy/system/software, i.e. their source code or trading methodology).
Ultimately, it comes down to “risk tolerance” while taking into account the results obtained from backtesting and forward testing, as well as the level of confidence and trust you impart/place on the person/group selling/distributing the EA.
Note: refer to the Investopedia website for definitions on the following terminology/vocabulary: backtesting, forward testing (i.e. paper trading on a demo account), drawdown (DD), maximum drawdown (MDD or MaxDD), and monthly/annual ROI (return on investment, as a percentage).
Also, note: "focus" on testing for maximum drawdown (MDD or MaxDD) (making sure drawdowns are not "too much/high/extreme" AND not "too frequent"; for example, not greater than 30%-50%, depending on your risk tolerance or preference) and looking for a "track-record" of "overall consistent" "monthly" profits from both backtesting and forward testing, i.e. paper trading on a demo account (both for a "significant" time period, depending on the "frequency" of trades placed from the EA). This "track-record" can be "verified" either through the "myfxbook" website or through the combined use of backtesting and forward testing.
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Each and every year, students graduate from college and university. How is it "economically feasible" to provide jobs for all or most of these people? My understanding is that people need to display a good understanding of the psychology of first impression, which includes genuine/authentic personality, trustworthiness, and competency (reflected in education); in other words, honest, reliable, and competent in relevant matters, or integrity, energy, and intelligence.
Problem: The individual's attainment of their “desired dream/career job", which is their ultimate purpose for pursuing "rigorous" higher education (i.e. college or university) or "rigorous" professional education (i.e. apprenticeship or trades).
I believe that a lot of people attend college and university with the hope that they will obtain a job after they graduate, a job that will support them financially. If money is the primary reason for their pursuing higheprofessional education, shouldn't they be "informed" (as part of a global/collective civic/social responsibility) that there are alternative ways of making money (personally, namely, trading the financial markets), ones that will actually lead them to, or at least have a higher probability of leading them to, financial independence/prosperity, since the chances of them achieving such goal upon graduation from college/university is realistically slim – if not the problem of difficulty finding employment related to their “desired careedream job”, then the problem of a dead-end mediocre job with a “fixed” “small” salary?
Should we, as a society, steer people away from college/university, often temporarily, since, let's be honest, our society is currently producing "a lot" of "mediocre" individuals with no real chance of obtaining a job that they were initially in pursuit of? Can we, as a society, do a better job of "realizing" and "maximizing" the talents/skills of these "mediocre" individuals, i.e. individuals who have no real chance of obtaining a job which they had been (or currently are) pursuing/studying rigorously for?
After going through a proper evaluation of current circumstances and current options, I've realized that people need to get certain things in their life straight "before" working on pursuing higheprofessional education – i.e. Health > Wealth > Education/”Prestige”.
The mass of people who pursue college and university because their program is in high demand are ones that are studying the program not for its unique intricacies, but rather only for graduation with the expectation that they "deserve" to be rewarded a job. As opposed to, respect and appreciation to the language their subject takes on (whether that be Accounting language or Computer Programming language, etc.). Respect and appreciation for a subject or field is displayed when the person engages with the subject or field with a “critical thinking” mindset, with the main purpose/goal of analyzing and critiquing thoroughly the accuracy of any statement presented to them that is related to their chosen subject or field, i.e. effectively utilizing journaling and documentation (see relevant section below, point #1 of 2 under “ESSENTIAL/CRUCIAL” for more details); this main purpose/goal is often rooted from a genuine desire/interest/passion for pursuing/studying their chosen subject or field.
The simple fact remains that it is simply not economically feasible to provide jobs to meet the constant influx of supply being produced by colleges and universities, "each" and "every" year. As a result, why are people making the foolish decision to incur immense amount of “DEBT” (keyword) while pursuing higheprofessional education when the economic reality simply does not provide enough jobs for society, i.e. jobs that are specifically expected of from college and university graduates?
Quoted from someone else: "Our societies have for so long told us that education can and should equate to professional success, which should equate to economic success, yet we are entering a period where that simply can't occur. The foundation that those notions were created upon doesn't exist any longer, given how we have evolved and grown as a species, and we have yet to make the transition to a new set of notions."
~~~~~~~~~~~~~~~~~~~~
Some ESSENTIAL/CRUCIAL characteristics of an individual who exhibits genuine desire/interest/passion for pursuing/studying their chosen subject/field (especially at the higher education or professional education level) are as follows:
1) Effective "Information Management" strategy (utilizing journaling and documentation). The individual had made it a priority to create and compile personal notes or online documents for the purpose of future-reference and documentation – for potential revision, self-reflection, self-correction, or discovery, as this is crucial for knowledge retrieval, knowledge retention, as well as knowledge synthesis and creating/generating new knowledge. Note: information becomes knowledge when you regard the information as valuable and when you make the conscious decision to keep it as part of your notes with the expectation/option of using it in the future; knowledge is information in action, so actually using the information, instead of dismissing it as irrelevant.
Response from another individual/writer:
  • I don't mean that all information has to be kept as notes, nor that other strategies/tactics of finding/retrieving information aren't valuable. I don't even mean that it's impossible for someone to exist/operate without ever taking any notes. Most saliently, I'm more saying that to categorically omit note-taking from one's information management capabilities/strategy is to invite unnecessary trouble, likely to the point of dysfunction, unless one happens to never be doing anything that involves any significantly elusive information to begin with.
  • My bias toward this assessment is reinforced by 25+ years of highly-technical work that has resulted in literally thousands (or tens-of-thousands) of pieces of information, extremely valuable to me, that can't be readily found anywhere but in my notes.
  • Some of it is information specifically originating with myself – there's no one or nowhere else from which it can be gotten. Some of it is information that took me immense amounts of time, thought, and effort to find/acquire, and I would never want to have to try to find it again. Most of these things are in my notes because they have either already disappeared, or are likely to disappear, off of the internet, or don't lend themselves well to simple bookmark-able reference.
  • Another way of saying this is that personally-kept notes are a reflection of the time/effort/insight one has had to put into acquiring the information, combined with the value of retrieval efficiency (organized for one's own retrieval needs). To subject yourself to relying on reproduction of that time/effort and self-organization is to either admit that the time/effort isn't significant (i.e. the information is rather trivial or ubiquitous in nature), or that your own time/effort spent isn't worth much (if you're willing to repeat it).
  • Also, if one assumes that the information is always going to be right where you can easily find it, or even right where you found it before, that's actually just naive.
  • While its true you still need to expend time/effort into locating the info, it has been organized specifically how YOU determine it should be, and thus truncates any actual "overhead" involved in the typical "location" process, not to mention the guarantee that it's actually there to find. Note: overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense".
  • As a simple/clear example: if you've never spent hours sifting through the deluge from the Google sewer pipe flooding into your browser, just to find anything remotely relevant to the fairly elusive technical scenario you're trying to resolve, then you're probably not acquainted with really anything I'm talking about, and your dismissal would then represent simply being unaware.
2) The individual is ASSERTIVE and NOT PASSIVE towards the subject they are studying. They are WILLING to articulate and share important ideas and concepts from the subject they are studying. The individual is not seen as someone who is under the spell/act (i.e. false and disingenuous impression of superior intelligence) of mindless regurgitation but rather, the individual is able to offer their OWN UNIQUE interpretation on the subject they are studying, while also citing important concepts or ideas where citation is necessary. In other words, the individual demonstrates "individual competency" THROUGH the subject they are studying and are ultimately/inherently passionate about. The individual's competency (i.e. his/her opinion or interpretation of what is relevant or accurate information) is demonstrated through the individual's pattern of logical and coherent thinking, as well as through the individual's writing style (which displays "CONFIDENCE" in what the individual is presenting as relevant or accurate information).
~~~~~~~~~~~~~~~~~~~~
Relevant response from another individual:
Decide where you fall on the self-directed spectrum.
Highly self-directed: technical books and MOOCs (Massive Open Online Courses)
Average: an online community + curriculum like Free Code Camp or theodinproject.com
Not very self-directed: An in-person coding boot camp like Hack Reactor or App Academy; similar to “subpamediocre” college/university “classroom” learning.
~~~~~~~~~~~~~~~~~~~~
There are only so many ways of acquiring wealth (with only some methods actually leading to long-term/sustainable financial independence/prosperity):
1) Real Estate
2) Owning a business; being an entrepreneur
3) Career Job requiring higher education (i.e. college or university) or professional education (i.e. apprenticeship or trades)
4) Minimum Wage Jobs
5) Trading the financial markets; making financial “investments” (stocks, forex, futures, options, equities, commodities, etc.)
~~~~~~~~~~~~~~~~~~~~
Pseudo-Intellectual versus Intellectual (the following is a response from another individual/writer):
An intellectual follows the values and attitudes of Critical Thinking, and exercises good thinking habits. Their interest lies in discovery and self-correction.
The traits of a true intellectual are as follows:
  • intellectual humility – recognizing the limits and sensitivities of one's experience.
  • intellectual courage – ability to examine things and/or state results or potentialities, even if it may be costly/risky to your personal beliefs, or social acceptance, established norms or theories. The ability to put things at risk. Even if they are your own cherished ideas or beliefs that you are putting at risk.
  • intellectual empathy – knowing that you have to imaginatively put yourself in the place of others in order to understand them.
  • intellectual autonomy – being able to think independently, to carry through without constant guidance from others, and sometimes even to come to different conclusions.
  • intellectual integrity – holding yourself to the same standards you hold others, and holding all beliefs to the same standards.
  • intellectual honesty – being willing to admit discrepancies and avoid overlooking exceptions, even to oneself.
  • intellectual perseverance – having the patience to struggle through difficult or complex problems.
  • confidence in reason – willingness to follow the logic where-ever it leads.
  • fair-mindedness – avoiding making unjustified special exceptions or privileges. Holding all viewpoints to the same standards. This does not mean that all views are equal; it means they all are held to the same universal standards. They might end up meeting those standards very unequally. For instance: the theory of evolution vs the fable of creation, or climate change vs science denialism.
A pseudo-intellectual does not do these things. Their interest lies not in discovery and self-correction, but in confirmation of what is already believed. Confirmation Bias. Their "thinking" style is characterized by cognitive biases, a lack of self-reflection/self-correction, a lack of rigor and completeness, and applying woefully different standards to beliefs/ideas that they cherish, and any information that calls them into question.
~~~~~~~~~~~~~~~~~~~~
submitted by gentlestream to algotrading [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestmentBanking123 [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestCrypto [link] [comments]

Metatrader,Indicators ,Expert Advisors

Customized Strategies, EAs & Indicators For Professional MT4Traders MT4 HUB is here to help you maximize high probability trades and minimize losses. You will gain full access to customized indicators, EAs, and strategies that fit your personal trading goals and style. Why So Many Professional Traders Choose MT4 HUB: ☑ Established in 2010, with a long track record of helping professional traders maximize their returns ☑ We’ve worked with over 500+ traders, each with an average 5-7 million USD monthly trad- ing volume ☑ Dedicated Team of 27 people, including 7 expert developers in C++ and MT4 Editor ☑ We provide services for cryptocurrency traders in addition to Forex traders. If Your Average Monthly Trading Volume Is 1 - 25+ Million USD, We Can Automate Your Trading Strategy For More High-Probability Trades A personalized service built to match your exact trading needs. Your very own Expert Advisors, Indicators, and Strategies, optimized with machine learning. Increase your yearly returns, maximize potential profits, and minimize losses using MT4 HUB. The Team Behind MT4 HUB ☑ Established in 2010, with a long track record of helping professional traders maximize their returns ☑ We’ve worked with over 500+ traders, each with an average 5-7 million USD monthly trad- ing volume ☑ Dedicated Team of 27 people, including 7 expert developers in C++ and MT4 Editor ☑ We provide services for cryptocurrency traders in addition to Forex traders. ☑ We’re local. 100% Unique Strategies State-of-the-art machine learning Your favorite trading indicators & strategies… Super-Charged No one else will be using your exact trading strategy, as your EAs are all uniquely programmed to your parameters and AI optimization. You won’t need any mathematical knowledge or coding experience to take full advantage of custom-built strategies and EAs to execute them. Train, test, and optimize your strategies using Artificial Intelligence & machine learning, and watch as they reduce errors, minimize risk, and increase your returns. Zero Emotional Trades 24/5 Trading 8+ Years of Testing, Research & Development No more suffering losses due to fear, greed, or other emotions plaguing other traders. Once your custom EAs is ready, your strategy will be executed with zero emotional baggage or distractions. Tired? Sleeping? No problem! Your custom EAs will make trades with the same accuracy no matter what time of day (or night) it is! Your EAs will never get tired or miss out on high probability trades. Our customized EAs, Indicators & Strategies have been tested time and time again by hundreds of professional traders, and are made to work with all trading timeframes. More Ways You Benefit By Using MT4 HUB • You Can Select Your Maximum Risk - Your EAs will stop trading immediately if your account reaches your maximum risk level. Protect your downside and your capital during volatile market periods. • Catch High Probability Trades - All these tools are here to help you catch as many high probability trades as possible while minimizing your risk and exposure to the market. • Follow a Strict Trading System To The Letter - Your EAs will never make trades that fall outside of your pre-programmed parameters. • A Complete Understanding Of Market Movements - Customized Trading EAs, Indica- tors & Strategies combined with the analytical capabilities of MetaTrader 4 will help you un- derstand the current market movements more completely, making it easier to find & catch the highest probability trades. Frequently Asked Questions - Who Can Benefit From Using MT4 HUB? Any trader who’s looking to upgrade their trading strategy, and execute it perfectly 24/5. MT4 HUB allows you to super-charge your entire trading strategy with the power of AI, customized indicators & more. Your trades will no longer be affected by emotion, feeling tired, or even sleeping. Simply set up your automated system, and MT4 HUB will take care of the rest. We mainly deal with traders who have a monthly trade volume of 1 to 25+ million USD. - Will the Expert Advisors Work? While we cannot promise profits, you can always ‘paper trade’ using the Expert Advisor, and op- timize it until it consistently makes a profit before you put it on the live market. - Does MT4 HUB work for cryptocurrency traders? Yes! We give you full support along with the same incredible features even for the new cryptocur- rency markets. If you can trade it on MT4, we support it! Since these markets never close, you can have customized EAs doing your cryptocurrency trading 24/7 too!
submitted by tradebot321 to u/tradebot321 [link] [comments]

Amazing Forex News Trading EA Forex News EA demonstration - YouTube No Nonsense Forex Strategy (NNFX) EA Robot Free - YouTube Forex News Trading Strategy: Here's A Consistently ... Forex News Trading EA Robot Free - Make Automated Money ... Forex news trading strategy - How to PREDICT forex market ... Forex News Trading Strategy EA Robot Free - FRZ News Robot 2019 v4

Bevor Sie ins News Trading einsteigen, sollten Sie sich diesbezüglich einen Plan zurechtgelegt haben. Sehr gut als Informationsquelle geeignet ist der Forex Kalender von Admiral Markets UK Ltd. Welche Finanzinstrumente sind für das News Trading geeignet? News Trading als Anlagestrategie kann grundsätzlich auf jedem Markt eingesetzt werden. This Forex scalping strategy robot can trade fully automated, you just need to set it up, put it on your favorite currency pair chart, choose the time frame you like, sit back and watch how it does its job. It has compact, but fully adjustable EA properties control. It is a great tool start for beginners to jump into auto trading. If you don’t know how to set up this EA as a Scalper, don’t ... Forex News Trading Strategy Myths Debunked. We’re sure if you have been for quite some time in this business, you have come across some of these myths. First of all, we have two groups of people: we’ve got the traders who don’t trade the news and traders that trade the news. The first group of traders treats Forex news trading as something to be scared of, so you’ll hear things like ... Hello Traders, The 1 minute forex news trading strategy is another strategy where you can use to trade currency news.. Every month, the currency market has market moving news the are announced from interest rate decisions, to non-farm payroll to employment rates etc.. When these news come out with their figures or numbers, the currency market responds to these so if you like to trade news ... The strategy and algorithms used in this Forex robot made it possible to be compatible with any broker, so there is no need to select a broker with special trading conditions, which is good for the traders that are quite new to Forex robot trading. The Forex Truck EA is made in such a way that it can work with two platforms at the same time ... Forex trading requires putting together multiple factors to formulate a trading strategy that works for you. There are countless strategies that can be followed, however, understanding and being ... The 1 Minute Forex News Trading Strategy. If you’ve been trading forex during news times, you will notice something happens a few minutes after the new is released. For example, lets say that the US Federal Reserve increased the interest rate. Expect price to shoot up. But after a while, the price will fall back down making lower high. And ...

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Amazing Forex News Trading EA

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