|
8+ years
experience
|
0
products
|
0
demo versions
|
|
0
jobs
|
0
signals
|
0
subscribers
|
My name is Samuel Cardonis
My Experience:
5+ years in Algorithmic trading systems development ( MetaTrader 4, NinjaTrader 7, TradeStation9.1)
12+ years in Software development field (Application Development, Web Development)
My Qualifications:
• Strong communication skills – oral, written and presentation in English and Hebrew.
• Strong knowledge of wide range of programming languages, techniques, platforms, databases.
• Excellent analytical skills - using Excel, Solver, Matlab and Other Statistic tools.
• Excellent financial knowledge- with professional background in FX and Equities markets.
Adherent of clear and cohesive trading logic-detailed consideration of back testing results.
• Reliable, adaptive, self-driven professional.
Trading Signal : https://www.mql5.com/en/signals/139262
My Experience:
5+ years in Algorithmic trading systems development ( MetaTrader 4, NinjaTrader 7, TradeStation9.1)
12+ years in Software development field (Application Development, Web Development)
My Qualifications:
• Strong communication skills – oral, written and presentation in English and Hebrew.
• Strong knowledge of wide range of programming languages, techniques, platforms, databases.
• Excellent analytical skills - using Excel, Solver, Matlab and Other Statistic tools.
• Excellent financial knowledge- with professional background in FX and Equities markets.
Adherent of clear and cohesive trading logic-detailed consideration of back testing results.
• Reliable, adaptive, self-driven professional.
Trading Signal : https://www.mql5.com/en/signals/139262
Samuel Cardonis
Financial Algorithms
===============
Financial Algorithms provide advance programming services for hedge funds and retail traders. We have many years of programming experience and understand the high demands of the trading industry. We can deliver tailor made solutions to meet our customer's requirements. Financial Algorithms specializes in development and back testing of automatic strategies including:
Multi Market Strategies
High Frequency Trading
Scalping
Short and Long Term Strategies
Stocks
Forex and Foreign Markets with Custom Software
===============
Financial Algorithms provide advance programming services for hedge funds and retail traders. We have many years of programming experience and understand the high demands of the trading industry. We can deliver tailor made solutions to meet our customer's requirements. Financial Algorithms specializes in development and back testing of automatic strategies including:
Multi Market Strategies
High Frequency Trading
Scalping
Short and Long Term Strategies
Stocks
Forex and Foreign Markets with Custom Software
Samuel Cardonis
Exit Strategies
===================
Remember that forex trading is more than just getting good entries; your exits should be just as important. You should always have a game plan before you open any position and I hope the three exit strategies in this article will help you develop a winning system or help improve upon an existing system.
Below are three basic (yet effective) ways to exit your positions.
Exit Strategy #1 – Traditional Stop/Limit (Using Support & Resistance) The traditional stop/limit method is one that I use constantly during my simple trading strategy webinars. I like it because it is both versatile and effective. The goal is setting our stop and limit so that they have a positive risk to reward ratio and are set around support and resistance levels. Let's take a look at an example of a short euro trade against the USD that occurred a couple weeks back on a daily RSI chart.
When selling a pair, we want to look back at the previous bars and look for an obvious swing high. That swing high could potentially act as a resistance level in the future, so we would like to set our stop loss several pips above that level. This way, the only way we are taken out of the trade is if the pair has enough strength to make a new high. This is fine because if a pair is showing that much strength, it's not a pair that we want to be selling anymore anyway.
Next, the limit order we place will be 100% dependent on our stop loss’ distance. Using the ruler tool on our chart, we should figure out how far our stop loss is set in pips. In this example, our stop is 100 pips from our entry price. We should set our limit twice as far as our stop. That is 200 pips in this example. This is will give us a 1:2 risk to reward ratio.
The next exit strategy is an interesting one for many, because it includes trading automation.
Exit Strategy #2 – Moving Average Trailing Stop It has long been known that a moving average can be an effective tool to filter what direction a currency pair has trended. The basic idea is that we only look for buying opportunities when the price is above a moving average and we only look for selling opportunities when the price is below a moving average. But some traders have found that it can be effective to use a moving average as a stop loss.
The idea is that if a MA is crossed from one side to the other, then the trend is shifting. If we were trend traders, we would want to close out our positions once this shift has occurred. So this is why setting your stop loss based on a moving average could be effective.
In the example below, we are looking at a M15 chart of the USD/JPY, which is currently in an uptrend based on the 100-period exponential moving average. At the time when I opened this long position, I placed our stop loss directly at the 100 EMA level. This put our stop loss about 80 pips away. Wanting to stay true to our 1:2 risk to reward ratio rule, I set my limit at 160 pips.
As the trade develops, the exponential moving average is going to change with each new candle that is created every 15 minutes. As the EMA moves, we will update our stop loss to match the 100 EMA. You can see that from the time I opened the trade until now, the 100 EMA has risen 30 pips, raising our stop loss 30 pips alongside it. This means almost 40% of the risk we were taking on our trade originally is now gone. But you will notice, our limit stays fixed at the amount of pips it was originally set to. This means our risk to reward ratio improves throughout the life of the trade.
Obviously I know many of the forex traders reading this do not have the time to manually change their stop loss every time their chart prints a new candle, so I am including free download links to automated strategies that will automatically adjust your stop loss in real time to match the MA of your choosing. As long as your platform remains open and connected to FXCM’s trade servers, your stop will continue to move until the trade is closed.
Exit Strategy #3 – Volatility-Based Stop & Limit I’ve saved the easiest exit strategy for last. This final technique uses the ATR (average true range). The ATR is designed to measure market volatility. By taking the average range between high-low prices for the last 14 candles, it tells you how erratic the market is behaving and this can be used to set your stop and your limit for each trade.
The greater the ATR is on a given pair, the wider your stop should be. This makes sense because a tight stop on a volatile pair could get stopped out too early. Also, if we set our stop too wide for a slow moving pair, we might be taking on a larger risk than we really ought to.
I recommend setting your stop loss at least 100% of ATR. In the example below, we set our stop loss at 43 pips. Following our 1:2 risk to reward ratio, we set our limit twice as far, 86 pips.
===================
Remember that forex trading is more than just getting good entries; your exits should be just as important. You should always have a game plan before you open any position and I hope the three exit strategies in this article will help you develop a winning system or help improve upon an existing system.
Below are three basic (yet effective) ways to exit your positions.
Exit Strategy #1 – Traditional Stop/Limit (Using Support & Resistance) The traditional stop/limit method is one that I use constantly during my simple trading strategy webinars. I like it because it is both versatile and effective. The goal is setting our stop and limit so that they have a positive risk to reward ratio and are set around support and resistance levels. Let's take a look at an example of a short euro trade against the USD that occurred a couple weeks back on a daily RSI chart.
When selling a pair, we want to look back at the previous bars and look for an obvious swing high. That swing high could potentially act as a resistance level in the future, so we would like to set our stop loss several pips above that level. This way, the only way we are taken out of the trade is if the pair has enough strength to make a new high. This is fine because if a pair is showing that much strength, it's not a pair that we want to be selling anymore anyway.
Next, the limit order we place will be 100% dependent on our stop loss’ distance. Using the ruler tool on our chart, we should figure out how far our stop loss is set in pips. In this example, our stop is 100 pips from our entry price. We should set our limit twice as far as our stop. That is 200 pips in this example. This is will give us a 1:2 risk to reward ratio.
The next exit strategy is an interesting one for many, because it includes trading automation.
Exit Strategy #2 – Moving Average Trailing Stop It has long been known that a moving average can be an effective tool to filter what direction a currency pair has trended. The basic idea is that we only look for buying opportunities when the price is above a moving average and we only look for selling opportunities when the price is below a moving average. But some traders have found that it can be effective to use a moving average as a stop loss.
The idea is that if a MA is crossed from one side to the other, then the trend is shifting. If we were trend traders, we would want to close out our positions once this shift has occurred. So this is why setting your stop loss based on a moving average could be effective.
In the example below, we are looking at a M15 chart of the USD/JPY, which is currently in an uptrend based on the 100-period exponential moving average. At the time when I opened this long position, I placed our stop loss directly at the 100 EMA level. This put our stop loss about 80 pips away. Wanting to stay true to our 1:2 risk to reward ratio rule, I set my limit at 160 pips.
As the trade develops, the exponential moving average is going to change with each new candle that is created every 15 minutes. As the EMA moves, we will update our stop loss to match the 100 EMA. You can see that from the time I opened the trade until now, the 100 EMA has risen 30 pips, raising our stop loss 30 pips alongside it. This means almost 40% of the risk we were taking on our trade originally is now gone. But you will notice, our limit stays fixed at the amount of pips it was originally set to. This means our risk to reward ratio improves throughout the life of the trade.
Obviously I know many of the forex traders reading this do not have the time to manually change their stop loss every time their chart prints a new candle, so I am including free download links to automated strategies that will automatically adjust your stop loss in real time to match the MA of your choosing. As long as your platform remains open and connected to FXCM’s trade servers, your stop will continue to move until the trade is closed.
Exit Strategy #3 – Volatility-Based Stop & Limit I’ve saved the easiest exit strategy for last. This final technique uses the ATR (average true range). The ATR is designed to measure market volatility. By taking the average range between high-low prices for the last 14 candles, it tells you how erratic the market is behaving and this can be used to set your stop and your limit for each trade.
The greater the ATR is on a given pair, the wider your stop should be. This makes sense because a tight stop on a volatile pair could get stopped out too early. Also, if we set our stop too wide for a slow moving pair, we might be taking on a larger risk than we really ought to.
I recommend setting your stop loss at least 100% of ATR. In the example below, we set our stop loss at 43 pips. Following our 1:2 risk to reward ratio, we set our limit twice as far, 86 pips.
Samuel Cardonis
Entry Strategies
================
The Most Popular Entry Strategy in Forex Trading
Over the past weeks, I have focused my weekly articles on strategies. I have tried to share with you the various strategies I see traders using and finding success with. Today, we will end the strategy series with far and away the most popular entry strategy at Online Trading Academy, the "breakout". The Forex markets are markets that move. In a market that has significant and consistent movement, using breakouts is very appropriate. As with any strategy, there is a right way to understand and use it and a wrong way. In this piece, I will discuss the two most popular breakout entries; Support and Resistance Breakouts and Trend Line Breakouts.
Support and Resistance Breakouts
Once in a while I hear someone say that breakout trading worked best in the late 90′s in the stock market. Well, someone who learned to trade in the late 90′s and who does not understand breakouts might say that. In those days, you could buy anything at almost any time and make money. Today, breakout trading is where you see most of the money being made in Forex trading by those who truly understand the structure behind a true breakout getting paid from those who don’t.
Trend Line Breakout
Trend line breakouts and breakdowns are a very popular entry in Forex and other markets. Much of the time, this is the only type of entry a student will practice in class all week long because they become comfortable with it as it is simple to understand and can produce some strong moves for a trader.
================
The Most Popular Entry Strategy in Forex Trading
Over the past weeks, I have focused my weekly articles on strategies. I have tried to share with you the various strategies I see traders using and finding success with. Today, we will end the strategy series with far and away the most popular entry strategy at Online Trading Academy, the "breakout". The Forex markets are markets that move. In a market that has significant and consistent movement, using breakouts is very appropriate. As with any strategy, there is a right way to understand and use it and a wrong way. In this piece, I will discuss the two most popular breakout entries; Support and Resistance Breakouts and Trend Line Breakouts.
Support and Resistance Breakouts
Once in a while I hear someone say that breakout trading worked best in the late 90′s in the stock market. Well, someone who learned to trade in the late 90′s and who does not understand breakouts might say that. In those days, you could buy anything at almost any time and make money. Today, breakout trading is where you see most of the money being made in Forex trading by those who truly understand the structure behind a true breakout getting paid from those who don’t.
Trend Line Breakout
Trend line breakouts and breakdowns are a very popular entry in Forex and other markets. Much of the time, this is the only type of entry a student will practice in class all week long because they become comfortable with it as it is simple to understand and can produce some strong moves for a trader.
Samuel Cardonis
Money Management
Risk and Reward
How do you determine proper risk and reward in trading? I don't think anyone can ever provide a definitive answer to that question because its is akin to asking how many layers do you need to walk outside of my apartment in New York City in the winter. Right now as the thermometer reads a balmy 8 degrees Fahrenheit as I type this at 3 in the morning, you need about four layers just to make it to the coffee shop across the street. But just last week you could have made the same journey in a T shirt without feeling a chill.
Trading, like the addled, globally warmed weather of my great metropolis is an imprecise and a highly volatile proposition. Therefore the question of risk and reward always changes with the circumstances of the moment. The traditional view on risk and reward is to set the ration to at least 2:1 - risking half the amount of pips as you are trying to make, so that if your profit target was 100 then your stop would be 50.
In theory this sounds like a terrific plan. You only need to be correct 4 out of 10 times to make money. However, I've never met a real life trader who actually put this principle into practice. I've received plenty of such advice on this matter from analysts, strategists, trading coaches and a whole host of others who have never wagered so much as their breakfast money on a trade,
Risk and Reward
How do you determine proper risk and reward in trading? I don't think anyone can ever provide a definitive answer to that question because its is akin to asking how many layers do you need to walk outside of my apartment in New York City in the winter. Right now as the thermometer reads a balmy 8 degrees Fahrenheit as I type this at 3 in the morning, you need about four layers just to make it to the coffee shop across the street. But just last week you could have made the same journey in a T shirt without feeling a chill.
Trading, like the addled, globally warmed weather of my great metropolis is an imprecise and a highly volatile proposition. Therefore the question of risk and reward always changes with the circumstances of the moment. The traditional view on risk and reward is to set the ration to at least 2:1 - risking half the amount of pips as you are trying to make, so that if your profit target was 100 then your stop would be 50.
In theory this sounds like a terrific plan. You only need to be correct 4 out of 10 times to make money. However, I've never met a real life trader who actually put this principle into practice. I've received plenty of such advice on this matter from analysts, strategists, trading coaches and a whole host of others who have never wagered so much as their breakfast money on a trade,
