This is the thread about books related for stocks, forex, financial
market and economics. Please make a post about books with possible cover
image, short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
PipTick VWAP is our version of Volume-Weighted Average Price indicator. VWAP is the ratio between the value traded (price multiplied by number of volume traded) and total volume traded over a specific time period. It measures the average price of the instrument much better than the simple moving average. Although there are many ways how to use the VWAP, most investors use it to calculate the daily average.
The indicator works in five modes:
Moving - In this mode the PipTick WVAP works as Mov
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
The main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":
Bullish and bearish reverse bars with angulation (including squat). Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions. Blue squat bars on chart independent of the
The difference from the standard ZigZag indicator is the following: instead of calculating new extremum points based on the number of bars, it uses the distance between the high and the low to calculate the extremum points. In addition, this distance is calculated dynamically on default and depends on price fluctuations for a selected period and the multiplier. The distance can be set as a fixed number.
In addition, it displays the reversal line, reaching which the previous extreme point is fix
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody."TradeCopier_follow" and "TradeCopier_source" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, e
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading."TradeCopier_source" and "TradeCopier_follow" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
Rampage EA is a fully automated scalping Expert Advisor based on price level breakthroughs.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Rampage EA automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. A profit is fixed by the dynamic stepwise algorithm allowing the EA to take a maximum profit. The robot analyzes the market
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read June 2014
Muhammad Syamil Bin Abdullah, 2014.06.28 08:35
Inside The Black Box : Rishi K Narang
Whether you call it quant, algo, or black box trading, it all adds up
to the same thing: systematic trading performed by computers.
some decry it as dangerously detached from human control, and a driver
of excessive volatility in the markets, others see quantitative trading
as a welcome departure from the unruly passions and cognitive biases
that inform human investment decision making.
Say what you will
about quant trading, the fact is, overall, quant funds consistently
outperform the markets—which may be why so many smart investors are keen
to avail themselves of that black box magic.
remains obscure about quantitative trading, thanks in great part to the
extreme guardedness of quants when it comes to the details of how their
systems work. But, as quant-trader and master explainer Rishi Narang
deftly shows in this updated edition of his bestselling guide,
quantitative trading is much easier to understand and take advantage of
than you think.
Designed to make quantitative trading
comprehensible to even the most math- or technophobic investor, this
book takes you on a guided tour inside the black box. In plain English,
Mr. Narang turns the lights up on what the quants are up to, once and
for all lifting the veil of mystery surrounding quantitative trading and
quantitative trading strategies.
Following a concise introduction
to quantitative trading principles and general practices, Mr. Narang
cuts to the chase with a detailed inventory of the contents of a typical
black box system, explaining, in non-technical terms, what each one is
and how it fits together with the others.
Then, with the help of numerous real-world examples and lively anecdotes, he clearly explains:
A book that lifts the lid on black box trading, making it transparent, intuitively sensible, and readily understandable, Inside the Black Box
is a must-read for institutional investors, asset managers, investment
advisors, pension fund managers, and all savvy investors looking to gain
an edge in today's turbulent financial markets.
Something Interesting to Read February 2014
Sergey Golubev, 2014.02.04 15:21
Trading Price Action Reversals : Al Brooks
detailed guide to profiting from trend reversals using the technical analysis of price action
The key to being a successful trader is finding a system that works and
sticking with it. Author Al Brooks has done just that. By simplifying
his trading system and trading only 5-minute price charts he's found a
way to capture profits regardless of market direction or economic
climate. His first book, Reading Price Charts Bar by Bar, offered an
informative examination of his system, but it didn't allow him to get
into the real nuts and bolts of the approach. Now, with this new series
of books, Brooks takes you step by step through the entire process.
By breaking down his trading system into its simplest pieces:
institutional piggybacking or trend trading, trading ranges, and
transitions or reversals (the focus of this book), this three book
series offers access to Brooks' successful methodology. Trading Price
Action Reversals reveals the various types of reversals found in today's
markets and then takes the time to discuss the specific characteristics
of these reversals, so that you can use them in your everyday trading
endeavors. While price action analysis works on all time frames, there
are different techniques that you can use in trading intraday, daily,
weekly and monthly charts. This, among many other issues, is also
addressed throughout these pages.
Other books in the series include Trading Price Action Trends and Trading Price Action Trading Ranges
If you're looking to make the most of your time in today's markets the
trading insights found in Trading Price Action Reversals will help you
achieve this goal.
Trade Stocks and Commodities with the Insiders: Secrets of the COT Report
Everyday, the true superpowers of the market influence the future
price performance of various commodities through their buying and
selling activities. These superpowers, more commonly known as
"Commercials," are often household names—such as Pillsbury and General
Mills, if you're looking at natural resource commodities, or Chase
Manhattan when it comes to financial commodities.
large and powerful traders make a move, they must leave behind a paper
trail, due to the federal law that requires Commercials to report their
massive trading activities once every week. This valuable information is
then disseminated by the Commodity Futures Trading Commission through
the Commitment of Traders (COT) report.
Now, for the first time,
in Trade Stocks & Commodities with the Insiders, world-renowned
trader Larry Williams reveals industry secrets that will help you align
yourself with the billion-dollar traders and pools that move in and out
of the marketplace each day. You'll be introduced to the best resource
for achieving this goal—the COT—and learn exactly what this information
means for you. Williams explains this reporting system in detail and
lays out a plan that will allow you to maximize profits and manage
downside risk by trading side by side with the largest commercial
interests in the world.
Larry Williams has been following the
smart money crowd for over thirty years, and with this guide, he'll show
you who these people are and how to profit from their actions—whether
you are interested in agricultural commodities such as soybeans or the
new breed of financial commodities consisting of currencies, bonds, and
stock market indices. While most market followers look at charts, Trade
Stocks & Commodities with the Insiders will help you focus on the
true market conditions that effect price change—large buying and selling
as well as supply/demand pressure—which you'll be able to gauge each
week with the COT report.
There is no master key that can unlock
all the doors to successful price forecasting, but with Trade Stocks
& Commodities with the Insiders as your guide, you'll discover how
the proper interpretation of COT data can add substantial profits to
The Mental Edge in Trading : Adapt Your Personality Traits and Control Your Emotions to Make Smarter Investments
The Mental Edge in Trading explains the critical link between
successful trading and personality traits--and it gives you the tools to
use this information to make smarter trades.
A highly trained
psychiatrist, Dr. Jason Williams, son of legendary trader Larry
Williams, explains how to assess and measure your innate personality
traits and align them with your trading style for more profitable
trading on a more consistent basis.
Dr. Williams tested proven
winning traders who were managing billions of dollars to see what the
great winning traders had in common, what personality traits made them
so successful. The results are in this groundbreaking book that will
help you become like these winning traders.
His conclusions are
based on hard science, the latest brain research, and the careful study
of successful traders, not on psychobabble meanderings. Dr. Williams
With The Mental Edge in Trading,
you have everything you need to apply your cluster of personality
traits to become a better, wiser, and more consistently successful
Solid trading strategies and accurate market
indicators are crucial. But when push comes to shove, the glue that
binds them is your emotional state at any given time. When things go
south, the best trading system will collapse like a house of cards--if
you allow it to.
The Mental Edge in Trading provides the
tools you need to ensure this never happens to you by helping you
understand and use your emotions when it counts most. It's the key to
long-term trading success.
Until now, no other book has provided
a practical, detailed method for achieving the mental edge in trading.
What you'll find inside is based on intensive research into the minds of
today’s most profitable traders.
The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to:
complete trading-improvement tool gives you the information you need to
determine and improve your personality traits, discover your dominant
emotions, and use this information to adapt your behavior for more
The Law of Vibration: The revelation of William D. Gann
In 'The Law of Vibration' Tony Plummer presents a new theory which he
argues is revealing of a fundamental truth about the deep-structure of
the universe. The Law is embodied in a very specific pattern of
oscillation that accompanies change and evolution. It can be found in
fluctuations in stock markets and in economic activity. The research
here suggests that the pattern was known about in antiquity because it
was buried in a short passage in St Matthew's Gospel in the Bible. It
also suggests that it was known about in the early part of the 20th
century because it was concealed in the structure of books written by
the renowned stock market trader, William D. Gann, and by the
mindfulness exponent, George Gurdjieff. Both men chose to preserve their
knowledge of the pattern in a hidden form for some unknown future
purpose. Now, after 20 years of investigation, Tony Plummer tells the
story of how the pattern was originally hidden. Drawing on painstaking
research on gematria, the enneagram and financial market analysis,
Plummer reveals the existence of a behavioural pattern that may have
profound implications for the way that we view the world. Plummer's work
is elegantly structured and illustrated throughout. It is an exciting
and thought-provoking study for Gann enthusiasts, and also for
investors, economists and scientists who have an interest in the laws
that underpin systemic coherence and produce collective order.
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 Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)
This book is light reading compared to Ben Graham's seminal tome,
Security Analysis. It's easier to read, and shorter. It's also more up
to date. Highly recommended for investors of any stripe, value or
growth. The appendix, from Warren Buffett's speech at Columbia
University is particularly entertaining, as he debunks academia's love
affair with efficient market theory. Jason Zweig, an obvious Graham
disciple, does a fantastic job bringing the book's principles to life
through modern examples. The only grating thing is his constant
derision of brokers or anyone that actually gets paid to manage money.
(full disclosure: I'm an analyst now and was a broker for 10 years).Ben
Graham clearly invested in the stock market during a period of
hustlers, crooks, crashes, and frauds. Brokers, investment bankers and
analysts back then were not much more than fast-talking salesmen. Wait a
minute, that sounds just like the way things are today on Wall Street!
Things may not have changed as much as we would like to think. Due to
his travails as an investor in difficult markets, Ben Graham's
investment style evolved into a systematic, logical approach which
became the basis for value investing. In "The Intelligent Investor",
Graham lays out the foundation of value investing by three introducing
key principles: the idea of "Mr. Market", a value-oriented disciplined
approach to investing, and the "margin of safety" concept. "Mr. Market."The
stock market on a daily basis resembles a casino, only without the
comfort of free cocktails. Watching the stock ticker is like having a
business partner that is totally schizophrenic; Graham calls him "Mr.
Market." One day he loves the business and wants to pay a ridiculous
price to buy out your half. The next day, all hope is lost, and he
wants to sell you his portion for pennies on the dollar. Graham argues
that this daily liquidity is an advantage that most investors turn
against themselves: (p. 203) "But note this important fact: The true
investor scarcely ever is forced to sell his shares, and at all other
times he is free to disregard the current price quotation. He need pay
attention to it and act upon it only to the extent that it suits his
book, and no more. Thus the investor who permits himself to be
stampeded or unduly worried by unjustified market declines in his
holdings is perversely transforming his basic advantage into a basic
disadvantage. That man would be better off if his stocks had no market
quotation at all; for he would then be spared the mental anguish caused
him by other persons' mistakes of judgment." This is profound. It's
not a question of whether our stocks will drop; they will: the trick is
how we respond to that eventuality.Ben Graham's Stock selection for the defensive investor.Graham
lays out some important characteristics of "value" stocks. (p. 348).
Some of the metrics are dated, but the principles are still valid. Even
deep value investing today would seem like GARP investing to Ben
Graham. Investors are now more focused on future earnings than they
were in his day, and valuations reflect that. Graham recommends:a. Adequate size of the enterprise (>$100M revenue, old figure)b. Sufficiently strong financial condition (2:1 current ratio)c. Earnings stability (some earnings every year last 10 years)d. Dividend record (uninterrupted payments for at least 20 years)e. Earnings growth (1/3 increase in per share EPS past 10 years)f. Moderate price/earnings ratio (P/E < 15x average last 3 years EPS)g. Moderate ratio of price to assets (price/book < 1 1/2 times)h.
Overall stock portfolio, when acquired, should have an overall earnings
/price ratio- the reverse of the P/E ratio - at least as high as the
current high-grade bond rate. A P/E no higher than 13.3 against an AA
bond yield of 7.5%Margin of Safety as the central concept of value investing.This
is an investment rule that was written by a man who had been deeply
bruised by bear markets. I believe he came up with this by learning
from his losses. When the market turns into a storm of feces, like it
inevitably will, if the stock has no earnings to rely on, you have
nothing to grab onto. You can't make yourself stay in the stock when
the price is down. Graham says: (p. 515) "The margin of safety is the
difference between the percentage rate of the earnings on the stock at
the price you pay for it and the rate of interest on bonds, and that is
to absorb unsatisfactory developments". Furthermore he writes: (p. 518)
"The buyer of bargain issues places particular emphasis on the ability
of the investment to withstand adverse developments. " You can and will
still lose money in the market with value-oriented investing, but
according to Graham: (p. 518) "The margin guarantees only that he has a
better chance of profit than for loss-not that loss is impossible."ConclusionSo
that's it, those are the three basic points of the book, but you should
still buy it and read it, it's a very enjoyable experience, Shakespeare
for the investing crowd. Despite being a realist, Ben Graham wasn't a
total pessimist. Late in the book Graham makes a point that is one of
my favorites: (p. 524) "A fourth business rule is more positive: "Have
the courage of your knowledge and experience. If you have formed a
conclusion from the facts and if you know your judgment is sound, act on
it- even though others may hesitate or differ. You are neither right
nor wrong because the crowd disagrees with you. You are right because
your data and reasoning are right. Similarly, in the world of
securities, courage becomes the supreme virtue after adequate knowledge
and a tested judgment are at hand. "
Cybernetic Analysis for Stocks and Futures: Cutting-Edge DSP Technology to Improve Your Trading
John Ehlers’s contributions to the art and science of trading have
been nothing short of extraordinary. From his pioneering work applying
maximum entropy spectral analysis (MESA) software to trading markets, to
his definitive tour de force Rocket Science for Traders, Ehlers’s
innovative and market-proven approach to cycle analysis and market
forecasting has earned him a reputation that is unmatched among
technicians and technical traders worldwide.
Analysis for Stocks and Futures, Ehlers takes the next step, developing
and demonstrating profoundly effective new trading tools through the
application of modern digital signal processing techniques. Obtaining
accurate cycle measurements within five samples with virtually zero lag,
these tools have proven in real-time use to consistently provide
traders with razor-sharp buy and sell signals in virtually any
market–meeting or exceeding the performance of commercial systems which
cost hundreds or even thousands of dollars.
To increase the
book’s functionality and ease of use, each new technique, indicator, and
automatic trading system is defined in both EasyLanguage code (for use
in TradeStation™) and eSignal Formula Script (EFS) code. DLLs to work
with NeuroShell Trader are also available. Modernizing popular trading
procedures to take advantage of the incredible computing speed and power
available to today’s trader, Ehlers introduces:
made in computer technology in the past two decades have clearly
outpaced advances in trading software and practice. Cybernetic Analysis
for Stocks and Futures seeks to restore the balance between
computational power and user proficiency. Combining new indicators with
tested systems for forecasting stock and futures markets with surgical
precision, it will drive your systems to new levels of predictive
accuracy, trading effectiveness, and overall profitability.
Pivots, Patterns, and Intraday Swing Trades, + Website: Derivatives Analysis with the E-mini and Russell Futures Contracts
When the Chicago Mercantile Exchange launched the S&P 500 E-mini
in 1997, their aim was to provide non-professionals with an opportunity
to trade on an even footing with professional traders. Judging by the
fact that the intervening years have seen a veritable boom of E-mini
stock index trading worldwide, one can conclude that their experiment
was a smashing success.
It's easy to see why E-mini trading has
become so popular among day traders. First, there are the much lower
margins associated with the smaller contract sizes, as compared to their
floor-traded counterparts. Also, because trades are executed entirely
electronically, there are no market makers or floor brokers. And, unlike
commodities or standard futures, there is virtually no chance of
manipulation, insider trading or any of the other problems that
occasionally affect other financial markets. But along with its many
advantages and abundant opportunities, E-mini trading brings an entirely
new set of challenges and potential pitfalls that can bedevil the best
laid plans of beginners and seasoned day traders alike.
extreme leverage and the intense participation they receive, the stock
index futures markets afford little time for traders to dwell on
technical conditions. Intraday volatility in the stock indices is far
more exaggerated than that reflected in the daily bar charts of other
markets. And positioning techniques that have proven reliable in
anticipating the actions of long-term trends in other instruments, fail
miserably when applied to the countertrend reactions of the highly
leveraged S&P futures contract within the shorter, intraday time
Author Will Scheier draws upon his decades of experience
as a highly successful day trader and trading educator to provide you
into four parts, the technical tools exposed in the first three parts
are eventually brought together into a cohesive whole in Part Four.
There, a special meaning is afforded to them when they arrive in the
confluence of pattern, price and time. In addition, once the identity of
completed trade entry models are established, Part Four of the book
then includes the blueprint for creating a Trade Plan, and enumerates
the rules necessary to conduct a business according to that Plan.
informative, practical, this reliable resource will put you in a prime
position to profit mightily in today's ever more volatile stock markets
Something Interesting to Read October 2014
Sergey Golubev, 2014.10.05 09:58
The Shifts and the Shocks: What We’ve Learned - and Have Still to Learn - from the Financial Crisisby
From the chief economic commentator for the Financial Times, a brilliant tour d’horizon of the new global economy and its trajectory
There have been many books that have sought to explain the causes and
courses of the financial and economic crisis which began in 2007–8. The Shifts and the Shocks
is not another detailed history of the crisis, but the most persuasive
and complete account yet published of what the crisis should teach us
about modern economies and economics. The book identifies the
origin of the crisis in the complex interaction between globalization,
hugely destabilizing global imbalances and our dangerously fragile
financial system. In the eurozone, these sources of instability were
multiplied by the tragically defective architecture of the monetary
union. It also shows how much of the orthodoxy that shaped monetary and
financial policy before the crisis occurred was complacent and wrong. In
doing so, it mercilessly reveals the failures of the financial,
political and intellectual elites who ran the system. The book
also examines what has been done to reform the financial and monetary
systems since the worst of the crisis passed. “Are we now on a
sustainable course?” Wolf asks. “The answer is no.” He explains with
great clarity why “further crises seem certain” and why the management
of the eurozone in particular “guarantees a huge political crisis at
some point in the future.” Wolf provides far more ambitious and
comprehensive plans for reform than any currently being implemented.
Written with all the intellectual command and trenchant judgment that
have made Martin Wolf one of the world’s most influential economic
commentators, The Shifts and the Shocks matches impressive
analysis with no-holds-barred criticism and persuasive prescription for a
more stable future. It is a book no one with an interest in global