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14/31
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Introduction
The journey to success in Forex trading begins with self-introspection and discovering the trading style and strategies that suit your objectives, risk appetite, lifestyle and own unique circumstances. It is imperative to find a trading technique that is in sync with your personality than to try to conform to someone else's idea of a "proper trader". This article seeks to help traders discover their own trading styles.


The first port of call is assessing you level skill, competence and preparedness for the task of Forex trading by answering a series of questions. These questions if answered correctly will help in moulding a top notch trader. The best trading style for any individual depends on many factors including the reasons to trade, availability, work preferences, requirement for flexibility and level of patience
  • Reasons to trade:
Understanding the reasons behind the trading will help in setting the overall objectives and understand how trading will fit into your lifestyle. Answering the following questions will help you understand if trading is the best thing.
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vap61 avatar
vap61 12 Apr.

сильная статья,проработаны все аспекты торговли,лайк!))

Sebine avatar
Sebine 18 Apr.

Good luck!:)

rashadali avatar
rashadali 27 Apr.

goood article 

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6/34
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Hi pip makers, in this Article I am gone an explain one of my simple but effective and my favorite strategy.
I like simple strategy same time hate complicated one because it creates lot of confusion while entering and existing the market so I always prefer to use simple two or three indicators to make any of my strategy and hate to see full of indicators in my trading chart.
I believe myself more than anyone else and always stick to my strategy, if my strategy doesn’t make good profit still I won’t do frog jump without back testing and experiment with 1:1 leverage by documenting all the experimental results.
Why i don't do frog jumps?
I would like to illustrate with an example for more clarity. Let’s Consider a blind man walking on the same road every day, Initially he may get confuse for couple of days but once he became familiar with road he can easily walk on the road without any problem because he have analysed all the objects and its positions in his mind and made the imagination road in his mind so that he can tell where is up and down in the road without seeing. That’s the power of revision so I am applying the same formula here. If we practice the same strategy for a while…
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vap61 avatar
vap61 19 Dec.

автору лайк за проделанную работу,терпения и удачи в торговле))))

weagull avatar
weagull 22 Dec.

good luck

Yuliya_N avatar
Yuliya_N 22 Dec.

Nice article

Anton_Bustrov avatar

good

ImranMughal99 avatar

nice

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18/76
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This is a continuation of my last article on creating the Day Scalper strategy on Visual JForex. To familiarize with what I will be covering read, Day Scalper strategy and automating Day Scalper in VJF Part 1.
In the last article, I developed the strategy up to the separation point of buy and sell signals and so, this article will cover buy and sell entry and trade management.
The image below shows where I stopped in the last article. To the left is the sell side and the right is the buy side.
Getting the Spread
Since there is no function of getting the spread in Visual JForex, I had to create it. Getting the spread is relatively easy; it is the difference between the Ask and the Bid price. To debug the value in pips divide the output by pipsSize. A ‘Calculation Expression’ block is used for this.
Buy Pending Position Rules
  1. Place buy at setup day high + defaultSlippage + spread (candleHigh).
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JVDS avatar
JVDS 22 June

my automation process is dramatically different ......  I can't even begin to comment ......

Natalia_Kisenko avatar

good job!

WallStreet6 avatar

interesting

Agnessa26 avatar
Agnessa26 27 July

Очень интересно)

TINGMEILING888 avatar

I follow & try your variables arrangement or setup (layout descripted) method of Closehalf at 100 pips, somehow it dun work as what you claimed..

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3/76
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In May 2015, I covered the Day Scalper strategy, which I used in the same month to rank 25 in trader contest. I promised to turn it into a Visual JForex strategy and that is what this article is about. To better understand what I will be covering, take a look at the Day Scalper article. The strategy utilizes simple moving averages and moving average envelopes. Let’s get started.
Start Point
While Day Scalper runs on bar charts, I will be using daily candles in VisualJF. I start all my strategies by separating signal evaluation with trade management. To avoid nuisances, check if:-
  • Default instrument is equal to candle instrument,
  • “candleTime” variable is 1min and equal to candle period,
  • Open or all positions amount are greater than 1, then flow to trade management. If less than 1, flow to signal evaluation,
  • Last trade event is long or short.
Refer to the image below
Time Blocks
Day Scalper evaluates markets at New York close (17:00EST or 21:00 GMT), so we have to prevent signal evaluation until the market closes. To do this, we use 'getTimeUnit' blocks using last bid candle time. If it is 21:01 GMT, then continue.
Debugging Time
Simply drag the hour and minute variables…
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Natalia_Kisenko avatar

good article!

WallStreet6 avatar

interesting

Agnessa26 avatar
Agnessa26 27 July

молодец!!

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8/76
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This article is a continuation of my day trading strategies, that I started covering in May. In May, I covered Day Scalper and showed live trading examples in the comments. Catch a Trend and Late Swinger are relatively simple to follow compared to Day scalper for they do not utilize Moving Average Envelopes or complex entry methods.
As I already stated in the Day Scalper article, day trading is not for everyone as it requires discipline and self-control especially near events that increase market volatility. There is no “holy grail” in forex trading and successful trading depends on consistency with a goal of more wins than losses.
Requirements
  • The 2 strategies utilize daily bar charts,
  • I trade the 6 major pairs,
  • They use the New York ‘close’- 17:00 EST (Eastern Standard Time) and 21:00 GMT to analyze the markets,
  • Every entry must have a stop loss – changeable to break-even or trailing profit when conditions allow,
  • When it’s time to close, I must close even if it is in loss,
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pipx avatar
pipx 10 June

Thank you, Nihad. I will surely take a look at your article over the weekend. The Idea of presets seems viable, but I see 'lots of work' during optimization. I will give it a go and see how it pans out. Thanks again.

Nihad avatar
Nihad 10 June

pipx Thanks, well let me suggest how I solved this before. I use FIBS series along the way. I respect the golden ratio, in other words, if I choose 13 as the normal for example and 34 for the slow(+1 jump), I must use 5 for the fast. I maintain it all the way. Then I worked a MAJOR preset, a CROSS preset and then an EXOTIC preset. I drilled further and I came with an optimal Entry Settings different from the Exits. Realizing the fact the Support angles are different from Resistance angles and these angles never change because the pair key-players behavior never change.

Nihad avatar
Nihad 10 June

pipx This strategy in despite of its results show a proper methodology behind it and that what really matters. Good luck PIPX. Have the best Week

Natalia_Kisenko avatar

good article, thanks!

WallStreet6 avatar

very interesting! thanks for the insight!

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6/44
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I use three trend following techniques for day trading that rely on three common indicators but in different ways for every method. The first method (Day Scalper) targets 50 to 100 pips every one to two days while the second method (Catch a Trend) targets 300-600 pips in weekly swings. The third method (Late Swinger) is similar to the second but uses different position entry methods in case I missed an early swing entry. Forgive my lack of creativity in naming these strategies.
Day trading requires patience and great emotional control, especially around news releases. Always remember that, in day trading, such spikes are quickly evened out by ‘large’ traders such as hedge funds especially if they are against the trend. Let’s get into it. Due to article length limitations, I will cover Day Scalper separately and then the other two together.
Requirements
  • All 3 methods run on daily bar charts,
  • I trade the 6 major pairs,
  • I use the New York ‘close’- this is at 17:00 EST (Eastern Standard Time) and 21:00 GMT to evaluate the market,
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Natalia_Kisenko avatar

very useful article!

Mariia avatar
Mariia 21 May

very nice!well done!

Angelwales avatar

great article Like it

anna_t avatar
anna_t 26 May

like it!

KristinaVlasova avatar

good job!

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19/35
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If you have read some of my articles and/or comments, or watched the few webinars I've done, by now you probably know that I prefer a long term approach in my trading, and that I don't recommend day trading, especially to inexperienced traders. It is a known fact that most retails traders use short time frames, and they have the opinion that long term trading is riskier, so they stick to their intraday charts believing that they are taking less risk. And this myth of the supposed safety of intraday trading is repeated ad infinitum until almost everyone believes in it. However, that's what it really is: a myth, nothing more than that. _____________________________ ► Trading costs and slippage No matter how long you hold your positions for, there is a fixed cost that is the same in all situations: the spread. And then there are commissions based in your trading volumes and capital deposited (using Dukascopy's fee structure). Imagine that a currency pair has a total cost of 2 pips per order (spread + commissions). A day-trader will usually have small profit targets, lets say 20 pips. So he will pay 10% of his profits to the broker, and likewise his losses are also inflated by…
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OneGoodTrade avatar

You are so right SpecialFx. And some wonder why the day traders lose ...however there is a catch...the longer timeframe, the more difficult is to predict the prices. Great article.

Nicco avatar
Nicco 31 Jan.

Amazing...I understand (day)trading can't be a hobby or (day)trading is an expesive hobby!

Nicco avatar
Nicco 31 Jan.

I will print this paper!

belman avatar
belman 31 Jan.

Interesting. best of luck +1

doctortyby avatar
doctortyby 31 Jan.

I agree with the fact that technical analysis works better on the higher time frames (at least Daily), but there are also ups and downs for the intraweek, medium and long term trading too :)

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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 avatar
auto1 11 Dec.

Very well defined and explained. Nice strategy

auto1 avatar
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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66/100
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There is a lot of noise when one tries to trade Intraday, how do you make your way through this noise just to get that one right entry and ofcourse the right exit. Trading intraday is a challenge but then what in life isnt??We consider that all prices move in waves, this valid to all Time-Frames we will just apply it on the lower time frames.Trade with the current Trend & by the current trend I dont mean the monthy or weekly trend but coz we are focussed on trading Intraday we are concerned about the daily trend. Let say we are working on the 5min TF, then we are concerned about the 30min Trend. If the 30-min TF is bullish we go only long and if the 30min TF is bearish we take only short enteries and if it is in sideways we either trade the extremes are wait on the side-lines.Identifying the trend is not to easy. Trendlines are very handy, a very simple Can be used for lower risk entries and determining stop loss strategy. Focus on trading with the dominant trend of the day. When that trend shifts, begin trading with the new trend.Follow the news. See if there are any major news coming around and follow it. News can drastically change the direction of the trend are give huge moves …
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mielec avatar
mielec 20 Dec.

Day trading have no noise. When I look at the charts I see a beautiful structure. unfortunately I do not understand these structures. But there are and certainly there are people who understand them perfectly!

radha avatar
radha 21 Dec.

Yes... I want to trade intraday....

ritesh avatar
ritesh 22 Dec.

Quite extensive article. Keep it up buddy and wishing you a very happy and prosperous New Year. +1

live4trading avatar

Thoughtful!!!!

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32/73
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After years of fiddling around with various trading strategies that have only made my beloved brokers richer and me poorer, I believe that I have found the approach that can generate large and consistent monthly returns. Instead of battling the market’s daily volatility, Weekly Range trading appears to be the best bet to achieving realistic monetary targets when several other factors are considered. The key is to find the setups that give the highest probability of success and to risk more than the conventional 2% to 5%. After showing you the benefits and drawbacks of previous Daily and Weekly strategies, I´ll show you the one that can generate 800% with only 4 trades. (Not recommended for the novice trader). Even if you do not trade with my setups, you can still apply it to your trading as long you trade the Weekly Ranges. DAY TRADING STRATEGIES  STRATEGY 1The first approach to day trading involved the following trade setup. Waiting for the Daily Chart’s Candlestick Formation Waiting for the 4 Hour Chart to respond to that signal Trading the 30 Minute signal that followed Aiming for the next major target to be hit during the day  This approach was used when I d…
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eddy avatar
eddy 30 Aug.

Best of luck! :-). I have actually been contemplating a similar trading strategy with a 4 hr chart. However, the difference is that I am testing mine using MACD and STOCHASTICS. The essence is to establish the 'overbought' and 'oversold' regions. The biggest obstacle so far is establishing the most optimal point to enter a trade. I am delighted to here that such a strategy can be this successful when well timed. You have truly inspired me. All the best with your article.

DaddyPapi avatar
DaddyPapi 30 Aug.

Thanks eddy...you hit the nail on the head..finding optimal point is key..the entries that I use are correct 90-95% of the time..thats why I feel comfortable with this risk...but it only came after a lot of analysis, trial and error and getting used to it at lower risk levels for the last 3-4 months..good luck with the MACD and STOCHS...I never had much luck with them, but I didnt spend much time with them

LinnuxFX avatar
LinnuxFX 31 Aug.

Good article, for best visualization need some images, 800% return, it is the holly gral ... +1 :)

jaggedline avatar
jaggedline 21 Sep.

Great article. I too have just started to test a trading strategy using a high reward low risk (UK100, SP500, don't like forex). Minimum of 4:1 ideally 6:1. 5% of account risked per trade. I simply find the good potential trades that may happen if a price gets too a certain point put in an Entry Order (FXCM) with stops / limits and if its triggered I let it do its thing. I don't get involved because I'm superb at wrecking a good trade when I do. 30min / 1hr/ 4hr / Daily, always with the trend.

Would love to see your results.

JamesWiller avatar

I is quite interesting indeed. I am coming from Daytrading and never realized the 4H Entry Signal but its obvisouly true. At the moment I test Alfa Scalping https://bit.ly/2EUoA10 to get it more automated. Here are many Daytrading strategies combined. THX James

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29/73
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Trading the Forex market can be a fun and enjoyable, exciting activity that gives you a good adrenaline rush trying to battle the market everyday. Volatile movements and unpredictable reactions to news events can make trading this market the best thing in the world. But from what I have seen over the years, day traders who try to do this everyday will always struggle compared to long term traders who will be laughing all the way to the bank-every time.   Short-term targets, which I have come to realize are nothing more than low-hanging fruit, are nice to get after doing your analysis and seeing the market move to your target after several hours of patience and perseverance. But because of the cost of your average trade, the limited range of the daily movements and a number of other market and real life factors, day trading might really turn out to be nothing more than an enjoyable hobby. Short-term, day traders essentially try to predict the daily movements of currencies during peak trading hours, while long-term traders, attempt to capture the weekly (swing) and monthly ranges. Using the most popular and liquid currencies in the market, the comparisons below reveal the real mon…
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ritesh avatar
ritesh 22 Aug.

Good explanation. Your articles are easy to read.

LinnuxFX avatar
LinnuxFX 28 Aug.

Keep going with more articles... See here profitable Trading Strategy http://tiny.cc/ps8pw

futures avatar
futures 29 Aug.

nice article, good presentation +1

DaddyPapi avatar
DaddyPapi 30 Aug.

thanks

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