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Showing posts with label Myfxbook AutoTrade. Show all posts
Showing posts with label Myfxbook AutoTrade. Show all posts

April 02, 2014

Forex Secret


A picture is worth a thousand words


Slow and steady wins the race


Don't run if you don't know what is the right pair of shoes to pick up


Don't trade if you don't know what is the right currency pair to pick up


What is Relative Force concept?

 

This means that if one ASSET moves in a certain direction and other ASSET moves in the opposite way, then the pair moves twice the distance!

Example on GBPNZD:
GBPusd has done a correction about 500 pips on Scottish referundum
While this time, NZDusd lost 200 pips.

Relative Force = ( 500 - (-200) )*2 = 1400 pips
=> In theory, we can expect 1400 pips move on GBPNZD.
=> In practice and with some extension of time, we had 1700 pips move!

GBPusd ASSET

NZDusd ASSET


GBPNZD

Another clue that could confirm this massive up trend on GBPNZD... M Pattern



  • Example on March 2014

This Indicator calculates actual forces on market in realtime.
USD is the most performer on the board.
CHF is the weakest currency.
=> So this Indicator suggested to go Long on USDCHF




  • Example on September 2014


Index Currencies shows that: 
  • we shoudn't enter Long EUR as 62,41% of retail traders are Long EUR vs other currencies.
  • we shouldn't enter Short AUD as 71,82% of retail traders are Short AUD vs other currencies.
  • So, don't BUY EUR & don't SELL AUD => Go SHORT EURAUD

That's why in the same time, EURAUD has been shrinking drasticaly.





September 10, 2013

Scalping EA

This EA (Expert Advisor) is built to take advantage of the volatility of forex market. The EA is constantely checking if a price action is occuring on the particular pair that the EA is running on. It opens orders in the direction of that new trend and only if all conditions are met. 

This EA is supposed to take some profis over a short term period. (few seconds to 2 hours)

Features:

- Money Mangement (automaded calculation of the lotsize depending on the free margin.)
- Patial close (if a trade is not going in the right direction after a defined time, EA closes % of the trade.)
- Fast close (if a significant profit is acheived under a very short time, EA closes totally the trade)
- Dynamic TakeProfit (EA adjusts the target to maxime profits)
- Trailing Stop (EA makes sure that if the trend reverses, it still closes trade with little profit)
- Trading at specific time (Allowing EA to trade into whenever the market seems volatil)

Draw Down shouldn't exceed 10% of the capital
max SL: 12
min TP: 19 max: 38


Performance:

Account Deposit: €1000
Start time: 2013 9th September



What's Autotrading?

A trading strategy where buy and sell orders are replicated automatically to the subscriber's account from the provider forex signal based on an underlying system or program. The buy or sell orders are sent out to be executed in the market when a certain set of criteria is met.

Forex signal Provider based models offer traders the opportunity to follow previously successful signal providers or strategies with the hope that the advice they offer will continue to be accurate and lead to profitable future trades. Traders do not need to have expert knowledge or ability to define their own strategies and instead can select a system based on its performance to date, making Forex trading accessible to a large number of people.