Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read December 2016
Muhammad Syamil Bin Abdullah, 2016.12.14 10:48
Arbitrage: The authoritative guide on how it works, why it works, and how it can work for you : Chris Green
Arbitrage is the practice of taking advantage of a price difference
between two or more markets, striking a combination of matching deals
that capitalize upon the imbalance, the profit being the difference
between the market prices. This is the complete, authoritative, and
exhaustive manual outlining the Arbitrage business model. It has been
compiled and made available to anyone interested in buying products to
be resold online.
In this book, Chris Green will give you the keys to the Arbitrage
Kingdom with the mindset of unlimited opportunities and abundance and
not one of scarcity. Empires are being built by using powerful new
programs like ScanPower to source and evaluate items for resale. Pair
this with Amazon's amazing fulfillment program called Fulfillment By
Amazon (FBA) to outsource the storage, shipping, and customer service of
your items, and you have a completely scalable, nearly risk-free
business model with a near-zero entry cost. The techniques described in
this book can be used by anyone, anywhere to build a small side business
or large empire. The only limit is you imagination.
Mastering Hurst Cycle Analysis: A modern treatment of Hurst's original system of financial market analysis
In 2011 the work of J. M. Hurst, considered by many as the father of modern cyclic analysis, enjoyed sudden and renewed interest by the trading community. This translated into several works approaching Hurst's methods from three different angles.Just as stated by the author, it will help readers get a better grasp and understanding of Hurst's work, at a fraction of the the cost of his original private course. It will even provide buyers with the relevant code for Tradestation and Updata. This way, if you're tech savvy and already own one of these charting packages, or don't mind the additional investment needed to use them, you will be able to experiment further with the concepts covered in the book. Since it contains the code for all the different cycles, channels and other indicators, the author spares the reader the math details of Hurst's work, which may be for the best, since this has always been one of the stumbling blocks in applying Hurst's methods.The self-proclaimed goal of the author is to lead the reader to a stage where he can perform his own cyclic analysis. The bottom line is that how well you master Hurst's methods after reading this book, as with so many other things in life and trading, will depend solely on how much work you're willing to put into experimenting with the concepts.The book ends with a concise summary of the different theories explaining the causes of cycles, which should stimulate even further research into this fascinating subject.Mr Grafton mentions the Sentient Trader software, by David Hickson, which covers similar ground. The author of that software has, understandably, undertaken a different approach: there is no code sharing, but instead a sleek black box, which generates trading signals based on Hurst's original work.There is also the OddsTrader app, by CIT Dates, which is currently the only mobile app that allows users to chart Hurst channels and to use them as the basis for several different trading strategies. It even includes a built-in risk management and position sizing tool.In summary, if you're interested in cycles and cyclic analysis, there has hardly been a better time for delving into and exploring the subject.
The Global Economic Collapse of 2015
INTRODUCTION – FROM THE AUTHORS
========The Global Economic Collapse Of 2015TABLE OF CONTENTS
The Geometry of Stock Market Profitsby Michael Jenkins
This book is about Jenkins' proprietary techniques, with major emphasis on cycle analysis, how he views and uses the methods of W. D. Gann, and the geomery of time and price. Among the many topics, you will learn:
1. Which angles are important and how to draw them correctly. 2. How professional traders think and the types of strategies they use day to day. 3. How to place stops correctly. 4. How to construct and use Gann Squares for analysis and forecasting of individual stocks and commodities. 5. How long the basic trend can be expected to last. 6. When and where to buy and well 7. How to utilize Gann angles and methods that predict exact turning points with high probability. 8. The numerological interrelationships of price and time forecasting. 9. Ten trading tips to make you rich
Momentum, Direction, Divergence : William Blau
In this latest volume, technical expert Bill Blau shows you how momentum, direction, and divergence form the basis of most technical indicators and how they can work for you to provide a considerable competitive advantage. Clearly, concisely, and with a minimum of complex mathematics, Blau shows you how to understand and apply them. Integrating the latest financial insights with more than 75 easy-to-follow graphics, Blau describes the uses and limitations of many of today's most notable technical indicators. He then demonstrates a variety of ways in which the principles of momentum, direction, and divergence can be used to create a versatile new set of technical indicators or to improve the effectiveness of the most widely used traditional indicators.
Focusing on the groundbreaking double smoothing concept, which he introduces for the first time in this book, William Blau:
The first part of the article "Indicators and Trade Systems in MQL5 by William Blau. Part 1: Indicators " is a description of indicators and oscillators, described by William Blau in the book"Momentum, Direction, and Divergence".
The article describes the following groups of indicators:
one of the very few who could see the financial crash of 2008 coming, Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of J is for Junk Economics (2017) amongst many must read others...
His new book is about to be released (November 2018) - probably again a must read book if you want to understand Economics properly... and forgive them their debts: Lending, Foreclosure and Redemption — From Bronze Age Finance to the Jubilee Year ...
by Nicolas Darvas and Steve Burns
How did a world-famous dancer with no knowledge of the stock market, or of finance in general, make 2 million dollars in the stock market in 18 months starting with only $10,000? Darvas is legendary, and with good reason. In this new edition: How I Made $2,000,000 in the Stock Market: Now Revised & Updated for the 21st Century Steve Burns uses his experience to offer explanations as to why the methods are still reliable. Updating a classic book is a monumental task. The basic philosophy of the writer cannot be changed. Steve Burns approach this work with the eye of a master restorer who looks at a classical painting that is being refurbished. He carefully studied the text to bring Nicolas Darvas wisdom into the twenty-first century. Steve Burns illuminate the dramatic changes in the market to show how Nicolas Darvas principles are more useful now than ever.
Darvas Box - indicator for MetaTrader 5
Darvas Boxes - indicator for MetaTrader 4
SymmetricDarvasBoxes - indicator for MetaTrader 5
Indicators: Darvas Box
Sergey Golubev, 2013.09.19 19:40
Darvas Box Technical Indicator
Developed by Nicolas Darvas
Nicolas Darvas is a famous Forex trader who made 2 million dollars
trading the stocks market. Darvas started with an account of 10,000
dollars and made a profit of over 2 million dollars.
This is one of the trading methodologies that Darvas combined to form
his stocks trading system. Along with this trading methodology Darvas
made accurate trading decisions.
This trading method is used to generate trading signals based on a simple breakout strategy of the Darvas Box lines.
If the price of a currency pair breaks out at the top box line , then this is a bullish signal
If the price of a currency pair breaks out to the lower line, then this is a bearish trading signal.
The example below shows a bearish signal generated from the Darvas Box Indicator.
The Complete Guide To Point & Figure Charting : The New Science of an Old Art
The aim of this book is to explain point-and-figure charting to European investors and traders, and to show why it is the most reliable technical tool for timing entry and exit points in stocks, indices and other securities.The book is written for all levels of trader, from the novice to the experienced. It starts by explaining the basics of point-and-figure, and by showing its advantages over other types of chart. Readers are then given step-by-step instructions on how to start a point-and-figure chart from simple price data, and how to add to it day-by-day using simple rules based on end of day highs and lows.The emphasis is on simplicity and clarity. The section on chart interpretation introduces the basic buy and sell signals, and goes on to explain the more complex signals, in each case illustrating the pattern, and the precise entry and exit points, with colour charts from FTSE stocks and indices. It also shows how trend lines are incorporated into a chart. The latest point-and-figure trading techniques are covered in depth.The authors show how to: use horizontal and vertical counts to estimate the size of price moves, use stop-orders to protect positions, use pyramiding to maximise profitable trends, and use swing trading in combination with p&f. They also show how to adapt your trading style to the amount of capital you have available and to your risk tolerance. In the later sections of the book, the authors concentrate on optimisation of p&f trading and the avoidance of the most common trap - 'over-fitting' - and on analysis of the profitability of p&f trading. They demonstrate conclusively that point and figure, correctly applied, produces consistent and reliable profits across a variety of markets. In summary, Heinrich Weber & Kermit Zieg's book is the definitive guide to the theory and application of point-and-figure charting. It is especially welcome for UK and European traders, since it uses recent charts of FTSE and European securities as examples, and includes hitherto unpublished research on p&f's applicability to European securities.
Book: Expert advisor for MT4 for one evening
Evgeniy Zhdan, 2018.12.01 12:24
Hello dear traders! I want to present you a book for novice programmers: Expert advisor for MT4 for one evening.
The reader along with the author will independently write an advisor for the MetaTrader-4 trading terminal. The book describes the basic actions that are performed when developing 95% of trade experts. Thanks to the knowledge gained, immediately after reading the book the reader will be able to write a simple expert himself.