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17/41
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1. Overview
After several publications on how to build strategies in Visual jforex and tracking of various strategies performances I decided to write one more article on several strategies usage at the same time. So in this publication I will cover 3 different strategies and its pros and cons on its usage simultaneously.
2. Strategies logic
There are 3 strategies working in different pairs: EUR/USD, USD/JPY and EUR/JPY.
All 3 strategies has very simple positions opening logic it uses 5 min. RSI to determine position opening. RSI thresholds are configurable and can be change on strategy start:
Thus simply if RSI is higher than threshold rsi_h strategy opens short position and if RSI is lower than threshold rsi_l strategy opens long position. Additionally there is check if spread is within acceptable range in order not to open positions then spread widens and also one more check is implemented which prevents increasing exposure in the same currency if certain position is already open. For example if there is already EUR/JPY long opened opening of EUR/USD long will be prevented by strategy only opening of EUR/USD short will be possible. This is realized in visual jforex in following w…
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Elenaa_ avatar
Elenaa_ 28 Aug.

Interesting

skyisthelimit avatar

Useful article.

AAAnya avatar
AAAnya 30 Aug.

Good article!

habibp avatar
habibp 31 Aug.

nice one

sashulik avatar
sashulik 31 Aug.

good article!

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6/40
Ranking
Forex indicators are mathematical functions based on the evaluation of the difference between bidding and price. While analyzing charts, a trader can predict whether a current trend will be the same or change somehow and thus create his own most profitable trading strategy. By using divergence indicators, traders may effectively reveal higher and lower momentum, and therefore the possible trend continuation or reversal. Effectively using the forex divergence trading system may be one of the best tools to forecast the situation and to achieve the best trading results.
CONTENTS
1. What is divergence
2.Types of divergence
3. Indicators to use for Divergence Trading
4. Rules for Determining Divergence
5.Divergence Trading – Some important points
6.conclusion
1.WHAT IS DIVERGENCE
It is an age-old concept that was developed by Charles Dow and mentioned in his Dow Tenets. The most important of all is when Dow found out that when there was a divergence between the two, it presented a possible change in the markets. For example, when the Dow Industrials made new highs and when the transportation index failed to make a high it indicated that there was some discrepancy. This formed the basis …
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fx211pips avatar
fx211pips 19 July

great article, divergence is a powerful tool

tangell avatar
tangell 20 July

nice job/ good luck

chytry_dziad avatar

Good article!

samymahrous avatar

well done

Leonko avatar
Leonko 14 Aug.

It's very informative to me, thanks for job

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7/30
Ranking
1. Overview
After creating of various strategies which in their logic used more or less Martingale principle I decided to test one more possibility. As I tried several times different approaches in strategy contest and sooner or later such strategies ran into negative territory or logic was not aggressive enough to build enough balance for taking of prize position. Thus after analysis of strategies performance I decided to develop my approach and create strategy based on big numbers approach.
2. Strategy logic
First of all this strategy will not be suitable for strategy contest as strategy logic is based on having 2 simultaneously opened positions. But it will suit well for Dukat contest thus after creation of mentioned strategy I will load it to Dukat contest and there will be possibility to monitor strategy performance.
So strategy will be base on running to strategies simultaneously one in EUR/USD pair and another in USD/JPY pair. If position in EUR/USD pair will be LONG, position in USD/JPY pair will be LONG also. And vice versa is position in EUR/USD pair will be SHORT, position in USD/JPY pair will be SHORT too. Thus effectively we will have EUR/JPY exposure either LONG or SH…
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FXRabbit avatar
FXRabbit 19 Jan.

Thank you for sharing your article with us. Also, I appreciate your effort to help the community members with your webinars about the Visual JForex strategy building. I hope others will attend your webinars and find them just as much helpful as well.

foreignexchange avatar

Great strategy :)
Could you please load the VJF file to test that? The one in Contest strategy is set to be private.  Congrats, you should deserve a prize for this contest :)

rokasltu avatar
rokasltu 22 Jan.

https://www.dukascopy.com/strategycontest/?action=strategyPage2&trader=rokasltu&strategy_id=77484
Sharing strategy

foreignexchange avatar

Thanks, great :)
Did you have a huge utilization of space disk during the test with the JForex version? I would like to try to optimize the setting but the backtest is quite annoying considering the space disk resource view.

rokasltu avatar
rokasltu 31 Jan.

Strategy performance during last 5 days: -16.19, -8.40, +10.83, -4.70, +3.68. Conclusion - further development is needed.

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4/28
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The ADX index compared to MACD, RSI and Stochastic is less used indicator. Mostly long-term traders use it and mostly in stock trading. The ADX is used to measure and check quality of the trend. İt has very simple approach and display to use.
Keep in mind the indicator measures only strength but not directional of the trend. Trend and ADX may move in the same and opposite direction with the trend. In a strong downtrend, ADX will rise as it happens in strong uptrend. ADX will drop when trend weakens. We may say that ADX shows convergence in the beginning of strong uptrend and will show divergence when uptrend weakens. Vice versa, ADX will show divergence with strong downtrend and convergence at the end of the downtrend.
The levels of ADX shows quality of the trends. This allows us to choose the strongest trends to enter and ride it until it weakens.
To use ADX we will setup our chart like this:
To filter the trend strength, we look to ADX levels. Bes entrance will be above 25. If ADX climbs above 25 in uptrend we look for buy but option when ADX climbs 25 in downtrend we look for sell option.
ADX level expressions are:
We will setup our chart to trade with adx.
Timeframe: 4…
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Miren avatar
Miren 7 Nov.

good article!

alenka27 avatar
alenka27 10 Nov.

Интересный материал!

al_dcdemo avatar
al_dcdemo 10 Nov.

Great strategy. Very well explained!

inswe7 avatar
inswe7 15 Dec.

very good

expertmarss avatar

great strategy

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13/54
Ranking
Trading is simply predicting. We all predict the moves and make trades and stats show that majority loses and few people earn money. Just watch trading contests, 600-700 participants and around 130-130 people were able to increase their equity. İn real trading accounts there are more losers and less winners. Did all the losing traders made false prediction? Partly they are. Personal experience and observation showed that mostly do correct prediction of support and resistance, trends and patterns, also beginning of the price move. Let’s take an example of last GBPUSD move from 14 august till 4 September. And make some simple analyse and prediction.
We decide that because of natural disaster and Korea conflict will push GBP up for some time. But because of rate hikes, also political situation in UK GBP is under pressure and will fall soon.
You can see we have trend we have support and resistance zones. And view about price move. We make a buy here and wait. What happens? Cool! Price moves up.
Great! It moves as we predicted. We close our buy position and start selling. But price moves up and hits stop loss order. We sell again and again. We believe market shows fake breakout or ano…
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Rumpel6tilkin avatar

very helpfull!

olya2517 avatar
olya2517 26 Sep.

nice work

Natalia_Kisenko avatar

Good article!

al_dcdemo avatar
al_dcdemo 29 Sep.

A great article!

Lady_in_Red avatar

good job

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16/54
Ranking
I am new in forex so wanted to choose one strategy to trade. I decided to look for mot used ones and share it with you. I will cover 4 most of them.
Trend trading
Trend trading is a strategy I about identifying trend in early stages and earns money before it ends. The trend trader buys when price is ascending and sells when descending. Traders mostly use momentum indicators, Bollinger bands and moving averages for identifying trend and its change.
Support and Resistance breakout
Support and resistance is the price level where price faces pressure and usually changes its direction. Support level is where price faces pressure while declining and moves up. And resistance is the level where price faces resistance while climbing and drops.
It’s very likely that Price will often respect these support and resistance levels; in other words, they tend to contain price movement, until of course price breaks through them.
Divergence Trading
Divergence trading is analyzing chart and momentum technical indicators for trends losing momentum. Mostly but not always price at the end of the trend loses momentum and shows divergence in momentum indicators. MACD and RSI indicators are used for …
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Yulia10 avatar
Yulia10 29 Sep.

nice article

Adi001 avatar
Adi001 29 Sep.

Good article! And remember price is king, also combine price with other stuff like divergence. Dont forget news, beware of stop hunts and make use of them.

mariailkiv avatar
mariailkiv 30 Sep.

хорошая статья

Beto avatar
Beto 12 Oct.

I am agree with you

Julia_Si avatar
Julia_Si 12 Oct.

Good!!

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9/54
Ranking
MACD is one of the most used indicators in analyzing the market. It is good for identifying signal and momentum. According to investopedia:
“Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.”

You don’t have to know technical part of the indicator. Nobody needs that. We will use it visually.
Momentum
To check momentum of the trend is easy with MACD. You just need to follow 0 level of the MACD. Whenever MACD line crosses 0 level it means momentum is changing and a new trend starts
The signal
When you see the two moving averages lines of MACD indicator lines move away from each other, it means that momentum is increasing and the trend is getting stronger. In contrary if lines are coming closer, it means that price is losing strength. But during very strong trends behaving of lines may not give accurate information.
MACD divergence
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Aviator avatar
Aviator 29 Sep.

well done

Verona888 avatar
Verona888 29 Sep.

Nice work

al_dcdemo avatar
al_dcdemo 29 Sep.

Excellent article!

Tianshi128 avatar

Good, I collect it.

Vlad73 avatar
Vlad73 19 Oct.

good job

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19/54
Ranking
Learning is the must in becoming professional trader. You have to learn fundamentals and technical analyses methods for analyzing and predicting trends and movements in prize charts. However, not everyone becomes profitable after learning theories. Most of them are still suffering to increase their capital.
Everybody feels like something stops him or her from becoming profitable. Some people blame market, banks, big institutes, speculators with big money. They lost belief in indicators, analyzing methods and strategies.
I also faced same problem. In spite, that I make correct analyzes and predicted market move my equity does not increase. I see that 25% losing trades bit my 75% profitable trades. After some research and analyzing my trades and behaving, I came to decision that it is purely psychological. Nevertheless, some people does not accept that problems are in them, in their psychology, it is easier to blame market and system and make everything look much more complex.
In reality as we read from books and articles by professionals, “It is simple but hard!”

So why the trader with proper knowledge is not able to be profitable?

For that, we have to analyses the process of…
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Rumpel6tilkin avatar

usefull!

olya2517 avatar
olya2517 26 Sep.

Very nice

al_dcdemo avatar
al_dcdemo 29 Sep.

Nice job!

Lady_in_Red avatar

very interesting

kolyanchik1219 avatar

good job

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25/54
Ranking
We are in the Forex market to make money but all of us know it's easier said than done. The most important factor which ultimately makes or breaks the trading career is the trading framework using which we carry out the trades. Success in trading comes if the technique we are using to undertake any trade is sound. If we have faith in the framework we are using the most of the decisions will be rational and we will be less prone to take decision based on the emotional impulses.
Now that I have tested some success in Forex market I tried to look back on the things I have done right and things I have done wrong. In process I realized if we use multiple things to validate our single trade then probability of trade going right can rise to as much as 75% to 80%. Here I will be providing information on how we can use the various forums of Dukascopy Forex community to our advantage. The tools such as Visual J forex platform, trade feed of trader contest and Signal provider contest, views of fellow traders on important fundamental events listed for the day; can together help us in deciding which trade to choose and when to keep out of market.
Let us now look at how we can use each platform …
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Alexander22 avatar

good

Wovch avatar
Wovch 10 June

very good

Vlad73 avatar
Vlad73 12 June

well done

CharmingRimma avatar

great article!

anna_n avatar
anna_n 19 June

ur articles always nice! hope to see new one this month

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14/52
Ranking
One of the crucial points in trading is having rules and sticking to that rules. No matter how simple mistakes we do, we tent to repeat them very often. Therefore trader should build rules from his mistakes to degrease loses and increase profits. Here are my rules:
1. Don’t open trade without analyzing the market
We tend to shape opinion from first look. No matter how certain you are in your opinion you should do analyze. It’s better to combine technical with fundamentals and have at least two reasons for opening a position.
2. Don’t take tips

People tend make tips, to help or to prove their competence. But very often this tips of one trader leads to failure of another. That is because of different perspectives and trading style of traders.
3. Don’t risk more than 20% of your Equity.
We tend to wish for more, which makes us risk a lot. New traders use big portion of their equity in one trade hoping to have more gain. But this also decreases your chance for recovering in case trade goes wrong.
4. Take your losses don’t hope for reversal. Use stop loss.

People don’t want to take losses no matter how small it is. Traders hope for better and wait for reversals which sometime…
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mariailkiv avatar

GOOD LUCK

Apophis avatar
Apophis 6 Apr.

very good article

hrustiashka avatar

Very good job!

Natali_Niyazova avatar

согласна на счет "don't take tips", а советчиков тут полно) и каждый тянет одеяло в свою сторону)
хорошая статья, как напоминание и действие к применению.

Lerck008 avatar
Lerck008 14 Apr.

Очень полезная и содержательная статья.

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13/52
Ranking

1 Since the Federal Reserve raised interest rates in December, many U.S. businesses, as well as foreign countries and overseas companies, have been working through the impact of the increase on global trade.
2. MIXED REACTION FROM CENTRAL BANKS
The U.S. dollar serves as the world’s de facto reserve currency, so changes in U.S. monetary policy can affect country economies in various ways. Although the increase was modest and anticipated, reaction by central banks around the world has been mixed. Many countries whose currencies are linked to the U.S. dollar have also increased interest rates, as have those economies that want to keep inflation in check. Other central banks have remained steady or even cut rates in an effort to encourage growth.The U.S. dollar strengthened throughout 2015 in anticipation of higher interest rates and stronger economic growth. Advanced and stable economies such as Europe, Japan and India welcomed the Fed’s move, but many emerging markets are struggling with the impact of the rate hike. The rate increase has negatively affected countries such as Turkey, Brazil and Mexico whose governments and businesses borrowed heavily in dollars over the past decade t…
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wind87 avatar
wind87 1 Apr.

good.

Ruteale avatar
Ruteale 6 Apr.

Well done !

OlgaBLR avatar
OlgaBLR 7 Apr.

good

gargantua avatar
gargantua 21 Apr.

good article

klintons avatar
klintons 23 Mar.

Gute Artikel

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12/52
Ranking
Hi pip makers/friends, I am new-bee to the Dukascopy’s community and always very curious to find out the new-thing or updates. I was really shocked when i saw the fun contests in the trading platform, felt very happy.
Dukascopy have different contest like miss Dukascopy contest, poker contest, extreme contest, valentines contest, ho ho contest, which are not correlated to each other. It’s look like a complete food with variety of dishes.
I had a little disappointment because except poker I didn’t feel fun in any other contest and thinking why Dukascopy kept the fun contest? These are not funny enough. I don’t know may be Dukascopy heard my wish and saw one announcement in the community about the new contest called 911 CONTEST .
The first thought came to my mind when I saw the 911 contest name, is it emergency helpline number? no it's not.
After reading the rules i was saying to myself like don’t predict the entire movie story based on just watching trailer because the actual picture didn’t yet start .
CONTEST AIM: Reward the user of the community members for their active participation.
When i saw the contest aim what’s special in these already they have dukats competition every qua…
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Yonggi7 avatar
Yonggi7 12 Apr.

C'est extra! Félicitations pour la présentation!

AAAnya avatar
AAAnya 12 Apr.

Interesting point of view!

Nattysha avatar
Nattysha 27 Apr.

Классный новый конкурс 911!

olyakuryakova avatar

класс

olyakuryakova avatar

класс

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9/69
Ranking
In my previous article I wrote about easy way of predicting fundamental indicators. Now I want to show how to do detailed fundamental analysis affecting currency. First of all we have to understand that any fundamental indicator effecting economy effects currency.
So what are the main fundamental indicators that shape economy?
I will divide economic indicators into two kinds, short term and long term. The long term indicators have the power of shaping economy and also see future of the economy.
Here are the long term economic indicators.
1. Geopolitical environment: For me this is the main fundamental factor effecting economy. Correct political system can build strong economy and wise versa unhealthy political environment can easily crash prosperous economy in a short time. There for change in political system, power, political conflicts and war have a strongly influence in the economy.
2. Inflation rate and Interest rate: High inflation rates causes purchasing value decrease relative to other countries and weaken currency. When domestic inflation is lower than foreign country then domestic currency becomes stronger. Interest rate is a tool for controlling inflation rate and e…
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fxvolatilian avatar

very nice articles!

DumbAsArock avatar

Well done.

adigunolluwaseun600 avatar

good job..thanks

paglu avatar
paglu 17 Feb.

gud

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