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PremiseI'm actually studying Java programming to improve my personal background. I started some time ago, but I had to postpone due to many difficulties and my knowledge is still at an elementary level, so in case you notice some mistakes on the code, please forgive me in advance. With this article I want to show how I automated a simple MA-based strategy. So I also take the opportunity to share it and to show my approach in detecting main factors and then all steps I considered while developing and testing the code.ToolsI decided to start coding the very first strategy I used because I have a good familiarity with all its good & bad aspects, and to use it in this article since gives a clear perception of the main aspects I'm presenting. However, the code can be modified to look for different MA periods in different timeframes and instruments.Instrument: EUR/USD;Timeframe: 15 Minutes;Indicators: EMA(14) & EMA(65);EssentialsThe strategy is simple and people could laugh thinking about it, while I really suggest to give it a deeper consideration.This is how the chart setup appears:The rule is clear: sell when green line (ema14) cross down the red one (ema65), buy when it cross up. But…
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scramble avatar
scramble 29 Apr.

tks @likery and @alifari! much appreciated :)

charmtrader avatar

wow! I am really impressed...great job!!!

charmtrader avatar

+10

scramble avatar
scramble 29 Apr.

tks charm :) much appreciated!

scramble avatar

funny to have about 20-25fb likes, and see that they are not counted in total popularity.

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27/43
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Introduction Earlier this month I introduced the Ichimoku charting system, defining the components of the system. I also eluded to a simple strategy that utilises all these components – the teken sen/kijun sen cross. This simple strategy can be used in all time-frames, although I normally use this setup for swing trading. In response to a comment on this article, I would like to introduce another strategy that is more ideal for those of you who are more interested in day trading – the kijun sen setup. In this article, I will describe this setup in detail. I advise you to read the previous article posted earlier this month if you either do not understand the main components of Ichimoku, or just need a refresher of the overall system. It can be found here: http://www.dukascopy.com/fxcomm/fx-article-contest/?Ichimoku-Trading-An-Introduction-With&action=read&id=1100The Kijun Sen Cross for Day Trading For this setup, I normally use two timeframes, 5 min and 30 min. The strategy can be summarised as follows: In both timeframes, wait for a candle to cross the kijun sen. Once a candle completes over the kijun sen in the lower timeframe, place an order using the kijun sen +/- 10 pips as a b…
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auto1 11 Dec.

Very well defined and explained. Nice strategy

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auto1 11 Dec.

For day trading in 5m ,Is the cloud condition same as discussed in your earlier article?

Lottithecat avatar

Good point: for this particular strategy, no, you just follow the actual cross, regardless of where it is. This means you can get more trades in per day, but you will have more trades stopping out early. You can refine this strategy by only trading above the cloud for bullish trades, and below the cloud for bearish trades to increase the probability of getting a winning trade, but the number of trades you make will decrease substantially. If however, you look at multiple low spread currencies at the same time, then refining the above using the kumo makes it a very powerful strategy indeed.

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12/108
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Many traders prefer to use a filter when momentum trading. But much of this is done under the incorrect notion that "the more complicated my system is, the more successful I will be at trading." This is far from the truth. I reiterate the principle of KISS: Keep It a Simple System.For example, traders using a MACD signal line crossover, or a MACD zero line / EMA crossover will frequently use an Average Directional Index indicator as a filter, in order to determine if a the strength of the trend is strong enough to enter in. Typically an ADX > 25 is the parameter used. While this may increase the win/loss ratio of your trades over time, it will not necessarily increase your profits.The X-factor that makes these filters actually less profitable is the strong opportunity cost that they impose on what is already a fully functional and profitable system. Let’s look at the most recent example of this, on EUR/USD on a 1h timeframe. Our buy signal is a MACD zero line crossover, which is equivalent to a 12-period EMA and 26-period EMA crossover. Normally, we would have entered into a trade at 0:00 GMT on Sept 30 for a price of 1.3585. The current price is 1.3246, which on 50:1 leverage is a…
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danielgates avatar

Would be useful to maybe use a filter only as a discretionary indicator? Also, how does this compare to other majors other than EUR/USD?

amerfx86 avatar
amerfx86 8 Oct.

one more good fx technical article

ritesh avatar
ritesh 12 Oct.

Nicely written, quite detailed and informative article. Nice one..keep more coming. Best of luck and +1

Milani avatar
Milani 26 Oct.

Good article

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