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9/61
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INTRODUCTION
What is a fools game? - Trying to Catch A Falling Knife. Knife cuts people and that is where this phrase came about in Forex trading. It is the act of trying to predict where the price of a currency pair will stop falling. Understandably, every trader wants to feel like a superior trader that can predict or think ahead of the market by anticipating price direction and of course catch market bottom or top. However, good and brilliant that may sound and most importantly the feeling of being ahead of others with trade profits for catching market price top/bottom, yet experience has shown that there are very few forex trading situations where prices fall and immediately reverse. Rather, prices fall further and faster than anyone could predict.
I am compelled to write on this subject because the preceding week between Monday the 31st of August 2015 to Friday the 4th of September 2014, we witnessed loses felt in the market even by experienced traders on the Traders Contest. Thorough assessment shows that many fell victim trying to catch a falling knife situation.
[img]https://www.dukascopy.com/imageserver/img/ab112d1418ef8beda0f3d8df…
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WallStreet6 avatar

Very interesting article! Every trader's dilema whether the trend is over or not. How many times I tried to catch a turnaround in short term consolidation. And another concern after a solid movement should I enter the market and ride the trend or is it too late already. Important aspects- Great Job!

KATRIN_90 avatar
KATRIN_90 16 Sep.

nice job:)

DEMO2TZeHs avatar
DEMO2TZeHs 16 Sep.

great article

Airmike avatar
Airmike 21 Sep.

nice article

Koryphaeen avatar
Koryphaeen 24 Sep.

I really liked your idea, it is very characteristic to newbies and greenhorns to trading. That is why newbies are required to do trading on a demo account first, to self check these kind of account bursting methods and throw them away before putting hands on real accounts. ;) 

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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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5/31
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As a follow-up to my article last month, titled “trading the right view”, I want to use this article to shed some light on my April strategy, which is currently running in the April 2015 strategy contest.
Building an automated strategy or trading robot can be a very daunting task, especially if one has no previous knowledge of programming. This is where the Visual JForex strategy builder comes very handy.
It is a drag-and-drop tool that simplifies strategy creation. It is on this platform that I will explain my strategy.
Trading Idea
The first step to creating a trading robot or trading software is what I call the “Trading Idea”. This idea is the core of the strategy; it is a sum of all the market conditions you want to consider before taking a long or short position. This idea basically has the entry rules, exit rules, trading amount or volume and any other market variable you may wish to add to your to trading robot.
A trading idea is needed before the design, testing and implementation of automated trading strategy.The Trading idea behind my strategy for the month of April 2015 is to look at higher time frames for the trend direction and take positions in the direction of the t…
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DEMO2TZeHs avatar
DEMO2TZeHs 17 Apr.

for a non-programmer, it is very impressive.  Even if you were a programmer, it would still impress me.  Great detail

Annuuta avatar
Annuuta 17 Apr.

Great work!

VictoriaVika avatar

Great, keep up your good work! As always :)

Margoshka avatar
Margoshka 24 Apr.

woow.amaizing

fr33m4n avatar
fr33m4n 29 Apr.

good article

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5/23
Ranking

"If you fail to plan, you are planning to fail." Benjamin Franklin
After several months of trading in the forex market, I can confidently say that I have found a strategy which is to a large extent very reliable. The strategy is literally making me thousands of dollars in cash prize in the Dukascopy trader contest.
The last screenshot is for the month of June 2014. It has not yet been officially announced, but that third place position is looking very good.
Trading for me has been a very interesting learning process. It took me a while, but I finally found a trading strategy that I was comfortable with, and that was relatively profitable. This article is about my trading strategy and its performance during the month of June 2014.
THE STRATEGY
It is a trend-following system that uses the 20-day Exponential Moving Average (EMA), 200-day EMA, 84-day (Commodity Channel Index) CCI and 18 -Time Period (Time Segmented Volume) TVS.
Entry Rules
Long trade conditions:
  1. Buy when the hourly candle closes above the 200-day EMA
  2. The 20-day EMA is pointing upwards and below price
  3. The TVS indicator is above the zero line
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Tinktank avatar
Tinktank 17 July

Very nice! Best of luck this month

CD1V1 avatar
CD1V1 17 July

well done, i can see you in 7th place. Good luck this month.

dej avatar
dej 18 July

your strategy is simplified enough even for a novice. it shows in-depth understanding of price action in relationship to support n resistance levels. very useful .

Panzer avatar
Panzer 30 July

Your strategy have nice look for trading :))

MyiDEA avatar
MyiDEA 31 July

Very nice

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6/40
Ranking
The Elder Impulse System was designed to identify when the trend is really "taking off". When you think "Impulse", think the energy to launch a rocket. When the system triggers, you should be thinking rocket, and expect the market to be really "taking off"...!!! This trading system was developed by Alexander Elder. According to its author, "the system identifies inflection points where a trend speeds up or slows down". Basically, the system is based on two indicators:a 13-day Exponential Moving Average, that identifies the trend;the MACD-Histogram, to measures momentum (based on MACD(12,26,9));This unique system combination was color coded into the price bars for easy reference, giving origin to a useful indicator that combines trend following and momentum, to identify tradable market impulses.Indicator Calculation:After this short introduction, I will explain how the Elder Impulse indicator is calculated and what are its inputs and outputs. When we attach this indicator to a chart, instead of two color candles, as normally we are used to seeing (bullish and bearish candles), they will appear with a third color, which helps us to identify when the trend is slows down. 1-GREEN PRI…
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Bluedragon avatar

interest article. I wish you good luck. That this bring you the proper recognition

highwayman avatar
highwayman 12 Mar.

Helpful Article +1 But The Link Returns 404 Error, Fix It If Possible - Good Luck This Month :)

Efegen avatar
Efegen 22 Mar.

thanks for explaining Elder's system. More info on exits is appreciated. :) +1

gynexx avatar
gynexx 5 Mar.

Hi
Where I can find this indicator for MT4?
Thanks

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