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Trading from the comfort of your home has never been more easier than it's today when you have brokers like Dukascopy that provides every trader with the right tools to succeed in this business and ultimately have an edge over others competitors. Many new traders believe that an automated strategy must incorporate some kind of indicators. Well, the truth is you don't actually need indicators to trade, and here comes my article to help you design your own automated strategy using Visual JForex. My last article EMA Crossover System Meets Visual JForex outlined an incredible simple step-by-step guide on how to create your own automated strategy using indicators. Also I strongly recommend you to get used with the Visual JForex interface by watching Dukascopy tutorials.
Unlike my previous article here I'm going to use new blocks and we are going a little bit deeper and make a strategy that's more challenging without using any indicators whatsoever. It's time for y…
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Daytrader21 avatar

(continuation) GetTimeUnits block-Settings-TimeUnit-Hour

2)London Open group: "IF logic" block uses as first parameter the variable current_time3 that we have just create, this variable stores the time that goes through the candles at the present moment and compares it with a new variable that we are going to create London_Open which has the value 8(8:00GMT) We want to know when current_time3 is London_Open only than the cycle will be completed and move to the next blocks.

Daytrader21 avatar

Just click on the images they will zoom in and thy will become much more clear. If you still have problems with that send me a PM with your email and I'll send you the originals pictures and if you want I'll send you the strategy code to compare your work and see if it's the same.

Maria_r avatar
Maria_r 24 Oct.

wow. Like! +1

juandata avatar
juandata 15 Nov.

Thanks Daytrader, I can finallly see the images. I will send you a message so we can compare the strategies. Thanks.

andysagerli avatar

Daytrader21  Hi, I like this post. I would like to rebuild, but the screenshots doesn't open when I click them. Can You send me the screenshots?
Thank You

orto leave comments
IntroductionThis article is the result of one comment of one dukascopy community member in one of my previous articles and his article too. This comment and the article made me thinking about some things related about losing vs winning, expectancy and goals . Here i express some of my toughts related with this theme. As some of you already know, i'm a novice, but i'm always ready to learn more, and trying to share what i learn. I don't have the experience of losing (well in trader contest yes but i'm trying...) and winning, but there are some things that are too obvious and are common sense. Maybe all i write bellow don't be useful at all, but the last word about this is yours. Losing...No one like to lose. This is a fact we all agree. We need to know that this business is a zero result business. That means to get some winning value someone else has to lose it. That is true there are some or many traders who have more losing trades than winning ones and the final result for them is positive with profit. This is possible having great discipline on exiting loss trades, and in other hand they can hold the winning ones and exit at the right time with great profit - is the only way to a…
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LinnuxFX avatar

Another great article, and thanks for share this great example how re-investing could be more profitable. GL and congratulations for last month victory...

RobertBric avatar

This kind of calculation (and more) should be performed by every novice trader. Then the reality of “getting rich quick” mentality can be checked easily.
However, the problem is that in more cases than not we get carried away by simulating trading results with numbers that we don’t come even close in trading. Especially with a live account. So we live in a dream that doesn’t convert very easily into reality. But it is also true that without a dream/vision no progress can be made.
Keep up the good work you are doing with your articles.

doctortyby avatar

Compound profits may work, but you need to also take partial withdrawals to be sure you remain profitable in any market condition. It's just like taking a trade, when you reach a certain level of the price you sell half of the postions and move the stop loss of the other half to break/even, leaving the profit to reach the next target/targets. You can be profitable even if you have a win/loss ratio of 30-35% ;) It depends on the risk/Reward, Risk management, money management, strategies and the adaptability to the market conditions. Good luck my friend +!!

alifari avatar
alifari 18 May

nice article +1

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