Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2014.03.07 09:08
Who Can Trade a Scalping Strategy? (based on dailyfx article)
The term scalping elicits different preconceived connotations to
different traders. Despite what you may already think, scalping can be a
viable short term trading methodology for anyone. So today we will look
at what exactly is scalping, and who can be successful with a scalping
What is a Scalper?
So you’re interested in scalping? A Forex scalper is considered anyone
that takes one or more positions throughout a trading day. Normally
these positions are based around short term market fluctuations as price
gathers momentum during a particular trading session. Scalpers look to
enter the market, and preferably exit positions prior to the market
Normally scalpers employ technical trading strategies utilizing short
term support and resistance levels for entries. While normally
fundamentals don’t factor into a scalpers trading plan, it is important
to keep an eye on the economic calendar to see when news may increase
the market’s volatility.
High Frequency Trading
There is a strong misconception that all scalpers are high frequency
traders. So how many trades a day does it take to be considered a
scalper? Even though high frequency traders ARE scalpers, in order for
you to qualify as a scalper you only need to take 1 position a day! That
is one of the benefits of scalping. You can trade as much or as little
as you like within a giving trading period.
This also falls in line with one of the benefits of the Forex market.
Due to the 24Hr trading structure of Forex, you can scalp the market at
your convenience. Take advantage of the quiet Asia trading session, or
the volatile New York – London overlap. Trade as much or as little as
you like. As a scalper the choice is ultimately yours to make!
There are always risks associated with trading. Whether you are a short
term, long term, or any kind of trader in between any time you open a
position you should work on managing your risk. This is especially true
for scalpers. If the market moves against you suddenly due to news or
another factor, you need to have a plan of action for limiting your
There are other misconceptions that scalpers are very aggressive traders
prone to large losses. One way to help combat this is to make scalping a
mechanical process. This means that all of your decisions regarding
entries, exits, trade size, leverage and other factors should be written
down and finalized before approaching the charts. Most scalpers look to
risk 1% or even less of their account balance on any one position
Who can Scalp?
So this brings us to the final question. Who can be a scalper? The
answer is anyone with the dedication to develop a trading strategy and
the time to implement that strategy on any given trading day.
GoMarkets broker, initial deposit is 1,000
Alpari UK broker initial deposit is 1,000
RoboForex broker initial deposit is 1,000
PriceChannel Parabolic system
Sergey Golubev, 2013.03.22 14:04
PriceChannel Parabolic system
PriceChannel Parabolic system basic edition
Latest version of the system with latest EAs to download
How to trade
The settingas for EAs: optimization and backtesting
Scalping the forex market
All the ins and outs on scalping the Forex market. May Chris dives into the world of Scalping where he
explains in great detail how this style of trading can be accomplished in
the Forex market. This live webinar not only clarifies how a trader can
scalp but also provides every Forex trader with a great guidance and
Trading Forex Trends with Heiken Ashi bars.In this tutorial, you'll:Learn the fundamentals of the Heikin-Ashi technique.Learn how to use Heikin-Ashi bars to eliminate price noise and stay with the trend..Learn how to properly implement this strategy to become a Consistently Profitable Trader.Learn the step that MOST traders miss when learning new setups and how you can use this one step to cut your learning curve in HALF.
Using the Fibonacci Fans to determine the nature of a pullback
Fibonacci ratios are a very popular tool among technical traders and are based on a particular series of numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. For some reason, these ratios seem to play an important role in the financial markets, just as they do in nature. The Fibonacci fans are a charting technique consisting of diagonal lines that use Fibonacci ratios to help identify key levels of support and resistance. They can be used to determine critical points that cause price to reverse. One of the most effective ways of using them is to determine the extent of a pullback. Due to its characteristics, one can estimate if a pullback will be a mere retracement, or will it turn into a reversal of the existing trend.
MetaTrader 5 for Android Smartphones and Tablets
Access to the Forex and Exchange markets, a large set of technical
indicators and analytical objects, all types of trading orders and
execution modes. Market Watch and Depth of Market, financial news and
traders' chat. All these features now fit in your hand and are available
anywhere in the world from your favorite smartphone.
MetaTrader 5 for iPhone & iPad
You can trade forex and stock exchange instruments anytime and anywhere.
Experience the best of trading with 30 technical indicators and 24
analytical objects, all types of trading orders, Market Watch, Depth of
Market, financial news, and traders' chat.
Who Really Controls the Forex Market?As we discussed in our last lesson the forex market is an over the counter market meaning that there is no centralized exchange where all trades are made. Because of this, the price that someone receives when trading forex has traditionally differed depending on the size of the transaction and the sophistication of the person or entity that is making that transaction.At the center or first level of the market is something known as the Interbank market. While technically any bank is part of the Interbank market, when an FX Trader speaks of the interbank market he or she is really talking about the 10 or so largest banks that make markets in FX. These institutions make up over 75% of the over $3 Trillion dollars in FX Traded on any given day.There are two primary factors which separate institutions with direct interbank access from everyone else which are:1. Access to the tightest prices. We will learn more about transaction costs in later lessons however for now simply understand that for every 1 Million in currency traded those who have direct access to the Interbank market save approximately $100 per trade or more over the next level of participants.2. Access to the best liquidity. As with any other market there is a certain amount of liquidity or amount that can be traded at any one price. If more than what is available atthe current priceis traded, then the price adjusts until additional liquidity enters the market. As the forex market is over the counter, liquidity is spread out among different providers, with the banks comprising the interbank market having access to the greatest amount of liquidity and then declining levels of liquidity available at different levels moving away from the Interbank market.In contrast to individuals who make a deposit into their account to trade, institutions trading in the interbank market trade via credit lines. In order to get a credit line from a top bank to trade foreign exchange you must be a very large and very financially stable institution, as bankruptcy would mean the firm that gave you the credit line gets stuck with your trades.The next level of participants are the hedge funds, brokerage firms, and smaller banks who are not quite large enough to have direct access to the Interbank market. As we just discussed the difference here is that the transaction costs for the trade are a bit higher and the liquidity available is a bit lower than at the Interbank level.The next level of participants has traditionally been corporations and smaller financial institutions who do make foreign exchange trades, but not enough to warrant the better pricingAs you can see here, traditionally as the market participant got smaller and less sophisticated the transaction costs they paid to trade became larger and the liquidity that was available to them got smaller and smaller. In a lot of cases this is still true today, as anyone who has ever exchanged currencies at the airport when traveling knows.To give you an idea of just how large a difference there is between participants in the Interbank market and an individual trading currencies for travel, Interbank market participants pay approximately $.0001 to exchange Euros for Dollars where Individuals in the airport can pay $.05 or more. This may not seem like much of a difference but think about it this way: On $10,000 that is $1 that the Interbank participant pays and $500 that the individual pays.The landscape for the individual trader has changed drastically since the internet has gone mainstream however, in many ways leveling the playing field and putting the individual trader along side large financial institutions in terms of access to pricing and liquidity.
EURUSD GANN ANGLE
Ahmed Saad Soliman, 2016.11.12 11:38
after the decline on EURUSD after the US election price reached 1 x 1536 weekly Gann angle overlapping with 6.66 Gann percentage
this is an indication that EURUSD will move higher
Please watch this video for more information
Something Interesting in Financial Video October 2013
Sergey Golubev, 2013.10.31 07:48
Euro Day Trading Strategy
6. Exit based on a fixed risk/reward, lower bollinger bands, and/or a spike in ADX