Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
newdigital, 2014.05.07 18:18
There is good article concerning to fundamental trading (for creation of the EAs related to News Trading) :
Building an Automatic News Trader As Investopedia
states, a news trader is "a trader or investor who makes trading or
investing decisions based on news announcements". Indeed, economic
reports such as a country's GDP, consumer confidence indexes and
employment data of countries, amongst others, often produce significant
movements in the currency markets. Have you ever attended a U.S.
Non-Farm Payrolls release? If so, you already know that these reports
may determine currencies' recent future and act as catalysts for trends
newdigital, 2014.05.11 15:39
Fundamental analysis is the study of statistical reports and
economic indicators of countries to trade currencies more effectively.
Changes in interest rates, employment reports, and the latest inflation
figures, all fall under the purview of fundamental analysis, which forex
traders must pay close attention to, because they can have a direct
bearing on the value of a nation’s currency. Data used in forex
fundamental analysis can be classified by the degree to which they
affect the market:
Given the importance of these indicators, it is necessary to closely
follow economic calendars, and know beforehand when they are scheduled
for release. The most powerful indicators that move forex market
Traders, who rely on fundamental analysis to study markets, will
typically create models to formulate a trading strategy. These models
generally utilize a host of empirical data and try to forecast market
behavior and estimate future currency levels. This information is then
used to draw out specific trades that best exploit the situation.
Forecasting models are as varied and numerous as the traders that create
them. Two people can analyze the exact same data and come up with two
completely different conclusions about how it will impact the market.
Therefore is it important to understand what is more relevant to the
current market and economic conditions, and not succumb to ‘paralysis by
newdigital, 2014.05.09 15:55
Can You Trade Forex Well with a Small Balance?
“Ninety-five percent of
the trading errors you are likely to make—causing the money to just
evaporate before your eyes—will stem from your attitudes about being
wrong, losing money, missing out, and leaving money on the table. What I
call the four primary trading fears.”
“Attitude produces better total outcomes than analysis or technique.”
― Mark Douglas, Trading in the Zone
What’s the least amount I can’t start trading with?
That’s a common question running through a trader-to-be’s head when
they’re about to open a trading account. However, you’ll soon see how
that line of thinking can breed a lot of poor thinking patterns and get
you in trouble.
Let’s start off with some tough love. You’re not
trying to buy something at a discount when you put down margin for a
trading account. Less is not more and as you could understand, less is
less. Put in other words, the attitude that comes with trying to get the
best deal on a large purchase can do damage to your trading.
Here’s how. The attitude you
trade with will follow through to how you manage risk and in keeping
that mindset, you’ll likely overleverage your trading account and
potentially be forced out of trades at the worst possible point. A
better approach is to ditch the focus on a win percentage
and instead focus on preserving capital / downside risk as opposed to a
key juncture break long before an extreme pressed you out of the
market. This new attitude that focuses on risk often produces better total outcomes than analysis or technique alone.
The Limits of a Small Balance
There’s a reason Hedge Funds don’t start with $5,000
or $50,000 or even $500,000. That’s because they know their inability
to enter into a position with favorable risk: reward
is directly tied to limited capital. Now, before you think, “I’m not a
hedge fund so that doesn’t concern me,” think about this. Everyone is
trying to extract money from the market while risking as little as
possible however, there is an amount of agility that is needed to trade
well and put the odds in your favor.
In short, a small trading balance limits your
agility as a trade. Acute observations from traders with small balances
show common traits that limit agility and your edge as a trader:
Agility is a mindset that traders need to have are
often doomed without. When you’re agile, you’ll have the ability to pay
attention to what matters most in trading, which is exploiting an edge
in the market while always limiting risk. Of course, there’s an easy way
to do this without trying to find a psychologist to change your mind
The Better Path Regardless of Risk
Always think risk first regardless of your account
balance. However, the more trading capital and usable margin you have,
the easier it is to stay level headed and agile as the market moves.
It’s been said that to enter a trade without a clear risk-point in mind
is reckless and I agree. However, the more usable margin you have, which
goes hand in hand with a larger account balance, the less you’ll keep
holding out for the big winner and rather look for fewer high
probability trades. Here’s a look from the Traits of Successful Trader’s
Research that shows the correlation to high balance and better
The graph above shows a clear pattern: the less
equity you trade with, the more prone you are to use high amounts of
leverage. The more amount of leverage you utilize, the more focus you’re
likely to have on short-term gains. The only problem with an overt
focus on short term gains with high leverage is that you’re unlikely to
take a small loss in the near term which can eventually lead to a huge
or devastating loss before long.
Starting with a small account can become one of the
most expensive ways to get started. This article has opened up many of
the mental traps that lurk for those trading a small account. The
question becomes, are you willing to take trading seriously enough to
protect your mental capital and align yourself with those who have made a
success in trading before you?
I hope your answer is yes.
newdigital, 2013.01.23 07:34
Concerning signals ... I see some members asked about how to unsubscribe from the signals. I subscribed to some free signal 3 days ago (with no problem so far). Just some information/topics about the signals which I collected about signals:
Financial and trading videos - Table of Contents
angevoyageur, 2013.10.02 15:46
Under construction - Stay tuned !
Famous traders / Interviews.
Trading and The Laws of Abundance - Video about trading psychology
How to Control Your Emotions When Trading. Part 1
How to Control Your Emotions When Trading. Part 2
What the forex is ?
Simple example about entry and exit method for swing traders (D1 timeframe).
Why 80% fail at using a trend following technique to trade the forex.
How to trade support resistance levels (s/r), and different kinds of s/r.
2 ways of analysis: fundamental analysis and technical analysis.
Trading Strategy - Day Trading Confirmation Entry.
Ichimoku vs Moving Average Trade Analysis.
High Frequency Trading Explained
Boris Schlossberg about Futures vs. Spot ForexHigh frequency trading in action. CNN's
Maggie Lake gets a rare look inside the super-fast trading industry.
High Frequency Trading Explained (HFT)
Day Trading Methods So Easy Anyone Can Use
Financial Crisis in Euro Cyprus doesn't always mean short - sell when using price action.
Gold, Crude, Russell with price action trading by John Paul.
Market conditions -- where will the price move ?
Technical Analysis for Idiots - My Market Theory.
Technical Analysis Course - Module 1: Technical Analysis and the Dow Theory
Technical Analysis Course - Module 2: Charting Basics
Technical Analysis Course - Module 3: Trend Concepts
Technical Analysis Course - Module 4: Reversal and Continuation Patterns
Technical Analysis Course - Module 5: Volume and Open Interest
Technical Analysis Course - Module 6: Moving Averages
Technical Analysis Course - Module 7: Oscillators and Sentiment Indicators
Technical Analysis Course - Module 8: Further Charting
Technical Analysis Course - Module 9: Elliott Waves and Cycles of Time
Technical Analysis Course - Module 10: Cloud Charts: the Ichimoku Technique
Technical Analysis Course - Module 11: Money Management and Computers
Technical Analysis Course - Module 12: How to Build a Trading Systems
Technical Analysis Course - Module 13: The Stock Market
Technical Analysis Course - Module 14: Futures
Technical Analysis Course - Module 15: Options
Technical Analysis Course - Module 16: Forex Trading
Technical Analysis Course - Module 17: Strategies and Trading Principle
Best Forex Indicator To Use
Effective Forex Exit Strategy For Traders
Trading the Dow Jones: Wall Street Index
Trading the FTSE: UK 100
Trading the Natural Gas Price
Trading the Nikkei
Data Announcements: Non-Farm Payrolls, GDP Figures and Central Bank Interventions
Most Popular Indices: FTSE vs Dax vs Dow
Trading the USD/JPY Currency Pair
Forex Trading and Leverage
Range Bound or Trending | The Best Way Traders Can Determine Market Conditions
Technical Analysis vs Fundamentals: How Reliable are Technicals ?
Trading the Oil Price
Trading lesson #1 ADX Indicator
Trading lesson #2 CCI Indicator
Trading the Silver Price
EUR/USD - Most Popular Currency with Traders
The Importance of Exit Strategy, part 1
The Importance of Exit Strategy, part 2
The Importance of Exit Strategy, part 3
The Importance of Exit Strategy, part 4 - guidance of great traders
Something Interesting in Financial Video June 2013
Something Interesting in Financial Video July 2013
Something Interesting in Financial Video August 2013
Something Interesting in Financial Video September 2013
Something Interesting in Financial Video October 2013
angevoyageur, 2013.10.02 16:02
angevoyageur, 2013.10.02 17:42
Trading legend John Bollinger discusses industry analysis
John Bollinger discusses some of the misconceptions about trading the bands.
High frequency trading provided by Steve Kroft.
10 Golden Rules of Trading explained by former floor trader and retired hedge manager, Adam Hewison
Martin J. Pring's Classic Trading Rules
newdigital, 2013.07.24 10:00
I just want to remind about how to insert the images to the post - read this small article
MQL5.community - User Memo :
All your texts in Forum, Articles and Code Base are edited in a single environment with a convenient and easy-to-use interface. Let us take a look at its capabilities.
The drop-down list where you can select one of the three
languages in which your message will be automatically translated by
the Google Translate service.
The button (Ctrl+Alt+L) is used for adding links into messages. The Link window appears as soon as you click this button (shown next).
In the Link field, you should specify the address of the link and then click the Insert button.
The button (Ctrl+Alt+I) is used for inserting pictures into messages. The Image window appears as soon as you click the button (shown next).
In the Upload image field, you should specify the picture file. To do it, click the Browse button that opens the standard window to choose files. Select the necessary file and click the Insert button to confirm the choice, or click the Cancel button to end without uploading a file. In the Title field, you can specify the comment that will be displayed as a pop-up help if you move the mouse cursor over the picture.
In HTML mode, it is prohibited to insert external links
to images (HTML tag "src"). It is also prohibited to insert text,
containing such images.
When you try to save text that contains external links to
images, such links will be automatically deleted. This is done to
ensure safety of MQL5.community members.
RaptorUK, 2013.07.24 10:18
How to post code on this forum . . .
PriceChannel Parabolic system
newdigital, 2014.07.15 12:32
about how to post the charts from Charts section.
1. Click on this link :
2. After that - go to the post, place cursor on some place of the post, and press this button:
and the chart will be appeared on this 'some place'.
3. How to delete chart on the post (in case it is mistaken, or in any other reason)?
Press this button
and after that - use Backspace on keyboard to delete the chart/text.