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Some Applied Instances of the Martingale in Automated Forex Trading 30/62
Posted 22 Sep. by chuvee Ranking
Trading Forex Martingale
1. What is martingale.
Traders know the martingale system used in casino games. It consists in doubling the stake in case of loss. The history of this term leads to far XVIII century when it meant a game in an absurd manner (la martengalo). And the word signified the inhabitants of Martigues town in France who had the reputation of silly simpletons.
2. Playing casino with martingale.
There is mainly a lot of negative information on the Internet about the martingale system. If one calculates probability of gain when applying it in the casino, it turns out that in most of cases depending on the initial capital, he wins. For example, if funds allow to suffer losses 10 times in a row, the average probability of loss is 1/1024. See the calculation in the table.
But this result is average, the combination of 10 losing stakes appeared more often in reality, than it could be imagined. Based on my own experience in trading, I can say that combinations of 10, 15 or even 20 losing deals can be met from time to time.
3. Martingale in Forex trading.
Although, the martingale system is widely used in Forex trading no matter how many negative references it gets. What is th…
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Mindfulness Meditation for Trading Performance 32/62
Posted 22 Sep. by md1fk1 Ranking
Psychology Forex Trading Performance Meditation
I strongly believe in psychology and optimum mindset for trading success. It is way above technical indicators and perfect trade up. I have had very good setup and I did prematurely booked profits so as to not lose small profit or fear that trade will turn into loss. It is all mind game. Mind tricks us. Also we have to have big heart to accept profits. But generally traders accept small profits and big losses. Imagine these scenarios
  • You see breakout from range and then take the right trade. But after some time you close the trade in little loss because you thought this is false break
  • Doubled down on a losing trade
  • You see one trade which you thought of but did not took only to see it in direction of profit and then you jump in to fear of missing out only to lose.
Now I will touch base a little on Mindfulness with a recent example. Mindfulness technique of meditation is helpful to stay aware in present and it can be used in Micro or Macro level events. As you know trading is very dynamic and every minute trading base rate changes. Reacting to events being aware of micro and macro level reality is the key to be successful in trading. And it is better to be aware of our own interna…
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Trading Abc - Entry a Trade 21/62
Posted 22 Sep. by scramble Ranking
Price Action Indicators Trade Management Technical Analisis Trade Setups Chart Analysis
Introduction
In continuation of previous article, I will now go further in my self-analysis to understand what is the reason of the difference in what I should be doing, and what I am sometimes actually doing. This article has to be read as I would be writing to my self, so the "you" in this case is me myself.
Indicators
As I already explained, when I started trading there was a completely naked chart with the possibility to draw some stuff like for example fibo retracements and drawings. What I need is to understand if and where I have more probabilities for a rise, or for a down move, based on recent price data.
At a certain point in history, someone decided that indicators are useful when deciding an entry. I remember that I was pretty sure people where wrong about this indeed, indicators were useful if used with certain algorithms in order to have a quicker and simpler way to read market moves. Who of you ever coded any automated strategy knows perfectly what I mean. I will explain it better with an example: I want to trade an instru…
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Comments : 18 | Likes : 22
Creating a Robust Trading System that Made +44,383 Pips 26/62
Posted 22 Sep. by fxsurprise8 Ranking
Article Contest Trading System Optimization Testing Trading Strategy Robust Trading System Robust Trading Strategy In Sample Testing Out Of Sample Testing Methodology
Datamining a profitable trading system is easy these days. Just take any decent platform like MetaTrader or Dukascopy J-Forex, try out some indicators and optimize the stoploss and takeprofit values until you get great results. But a datamined strategy in this manner will rarely work in practice. Traders have to be very careful when creating trading systems to avoid the common pitfalls with this process.
In this article I will present the six questions you have to ask yourself when creating any trading strategy. You will also see how I created and tested one of my profitable trading systems, shown in the picture below.
1. Are your trading rules simple?
The first question that you need to answer is, are your trading rules simple? The more variables you add, the more odds increase that the system will not work in practice. An easy way to think about this is that each new rule, whether it’s entry, exit or stoploss increases the complexity by one. For example, say you have a trading system that enters at a new 40 day high and exits at a new 20 day low. This means that you now have a total of two trading rules. Now if you add a fixed stoploss and takeprofit values, you increase the c…
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Setup Live Prize Account at Dukascopy.com 6/62
Posted 22 Sep. by FXRabbit Ranking
Dukascopy Bank Dukascopy Community Dukascopy Article Contest Dukascopy Live Prize Account Dukascopy Sub-Account
Just recently I won prize money rewards from couple of Dukascopy Community contests, but when I decided to start trading with it, I found myself lost because I couldn't find any step-by-step instruction guide or tutorial videos on opening a Live Prize account. I am sure that many before me must have experienced the same hurdle and many after me may find themselves helpless with setting up a Live Prize account.
So after spending an hour with different agents from Support Chat that are nonetheless praise worthy for their friendliness & more importantly their helpfulness, and bothering my Account Manager twice with private messages and then sending an e-mail to the Community Support admin, I am still waiting to use my Live Prize account for trading. A procedure that should have taken me only 5 minutes to complete and been as easy as cutting a slice of cake turned in to a two days saga. Thus, aspiring me to write this article.
The following step-by-step manual guide should save us from a lot of headache and keep us from literally wasting the time of Support Chat agents, Account Managers, Community Managers and our own energy.
Step 1: We must already have a Live Account registered prior…
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Risks to the USD ahead of the 2016 Presidential Election 11/62
Posted 20 Sep. by llolor Ranking
USD Trading Article Contest Risk Management Exchange Rate Fundamental Analysis Donald Trump Political Risk Hilary Clinton United States Presidential Election

Introduction.


According to the words of Joyce Meyer “Change is always tough. Even for those who see themselves as agents of change, the process of starting a new thing can cause times of disorientation, uncertainty and insecurity.” This is a statement that sums up the mood ahead of the US presidential elections.
On the 8th of November 2016 the Americans take to the polls to elect a new president, thereby ushering in a new era. With a change in administration guaranteed, the uncertainty in future policy direction will serve to increase the US dollar volatility in the short term.
This article looks at the risks to the USD ahead of the presidential elections in the United States. The article represents the opinion of the author and is not a comprehensive analysis of all the scenarios but broadly summarizes the bigger picture.
Major candidates and the electoral system.
The race to the White house will be a tight battle between the Democratic Party and the Republican Party. Former Secretary of State Hillary Clinton, who also served in the U.S. Senate and the First Lady of the United States will lead the Democrats bid to retain the presidency with her running mate being Tim Paine. …
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Pros and Cons of System and Discretionary Trading 29/62
Posted 20 Sep. by wisdom_consultant Ranking
Trading Trading System Trading Psychology Trading Styles
In today's article I want to talk about two types of traders. They define two different styles of trading.
The important thing I realized, engaging in trading - there is no trading system that would suit everyone. We all have different financial goals and a different perception of risks. Read this post until the end, think and decide what style of trading suits you most.
System Trading

System Trading is based on specific rules that the trader does not have the right to violate. This means that if trading strategy gives you a signal to buy, then you should definitely buy. There is no place for the human factor and reflection.
The first systems traders, which I learned about, were "turtle-traders." They traded futures on the 20 and / or 50-day breakdown. In total, I think, about 18 instruments. Their task is to catch the trend. Drawdown reached in some cases 40%. That is, the number of losing trades was great.
Now imagine that a system trader suddenly decides not to enter the market, although he got strategy signals. And just at this moment trend starts - a source of profits of this trading style. As you know, one mistake, so it is the human factor, resulting in a significant l…
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Commitment of Traders Report- a Powerful Tool for Swing Traders 33/62
Posted 19 Sep. by wmndave Ranking
Swing Trading Cot Report Commitment Of Traders Report
INTRODUCTION
The COT is a report published by the Commodity Futures Trading Commission that measures the net long and short positions taken by speculative traders and commercial traders thus its a great resource to help gauge where the major market players are positioned in the market. The COT report is released Friday around 2.30 pm EST.
How To Find COT Report.
Step 1:
  • Open your browser and type/ copy and paste the address: http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm

Step 2:
  • When the page is fully loaded, scroll down to find the "Current Legacy Report" section.
  • Under it, find the "Chicago Mercantile Exchange" row, and locate on the "Short Format"(as indicated in the image below) under the "Futures Only" column.

Step 3:
  • By clicking on the "Short Format", the latest report will appear as shown below.
  • Scroll down to find your currency of interest.

  • Basing on the currency chosen you can be able to determine the number of bearish and bullish trades and their trades. With this information you can decide whether to stay bullish or bearish on the trade.

In the next article i will go ahead to explain how to read, interpret and use the COT report for trading. Happy Trading
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Comments : 5 | Likes : 8
Useful Widgets for Dukascopy Newbies 10/62
Posted 19 Sep. by edlim Ranking
Widgets Newbies Best Pairs And Times
This article looks at some of the Dukascopy widgets (their links are highlighted in bold text) that I found useful for my trading during my earlier days here.
1) Economic Calendar - for upcoming news events that could relate to your trade preparation and/or positioning.
Figure 1
From Figure 1, I've selected "This Week" button (highlighted with blue box) so as to bring up all the news events for this week. Clicking on the "red-boxed" button allows me to choose only the countries that I wish to display on the calendar. Clicking on the "green-boxed" buttons would allow me to choose the time (Local / GMT time), Currency (the choices of currencies to display), and Impact (selections of low, medium, and/or high impact news events).
From the above illustration, I displayed only high impact news events as follows:
- on Tuesday, we have RBA Meeting's Minutes which would affect AUD-related forex pairs during that time;
- on Wednesday, there are high impact news events for CAD, JPY, and EUR for the day; and
- on Thursday, USD and NZD related pairs will see extreme volatility during such events.
Due to expected extreme volatility based on past history for such high impact news event, we could …
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High Frequency Trading 18/62
Posted 19 Sep. by AAARated Ranking
Algorithmic Trading Hedge Funds High Frequency Trading Flash Trading
Introduction:

High frequency trading has been around since 1999, it started when the US Securities and Exchange Commission decided to authorize electronic exchanges in 1998. At the start of twenty first century the execution time of HFT trades was around several seconds but due to the advancement in technology, the time has dropped from 2-4 seconds to milliseconds or even microseconds. Outside the financial sector, high frequency trading was not known to many until an article published by New York Times on HFT brought the subject to few people's attention. So, here are some details on high frequency trading.
High Frequency Trading(HFT):

High Frequency trading or simply HFT is typically algorithm based trading characterized by high speeds, high order-to-trade ratios and high turnover rates. HFT's main features are highly sophisticated algorithms, very short-term investment horizons and specialized order types. Simply put, HFT uses super fast computers to execute many orders in a very short time, it uses complex algorithms to analyze different markets and open trades according to market conditions. In the year 2009, it was estimated HFT was accounted for about 60-70% …
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My View on the Market, Part 1 5/62
Posted 18 Sep. by Armands Ranking
Usdjpy Eurusd Article Contest Gbpusd Major Pairs Long Term Usdchf Support Resistance Major Pairs Analysis

In this article I want to share with you my thoughts on current situation and possible future developments of four major currency pairs : EURUSD, GBPUSD, USDCHF and USDJPY.
It is crucial that you have read my previous article Trading The Levels Correctly. If you have not done so this may not make sense for you.
Markings used in this article are as follows :
Green ellipse with a letter ( no number ) means that this is a level from where everything basically starts. It is a level that has had a fake breakout in regards to it. Green ellipse with letter and number represents a fake breakout. Therefore A1 is a fake breakout of level A. Blue lines are support and the red ones are resistance levels.
Purple dashed lines represent round numbers that are or might be important to particular currency pair.
Rectangles are used just to draw more attention to the selected area.

There are two charts dedicated for each pair - monthly and weekly. Let's go ahead.
1.EURUSD
1.1.EURUSD Monthly chart
Direction of a pair is clearly bearish. Price has gone through the very strong level 1.2402 ( C ) with an impulsive move. This level served as a strong support for 8 years in conjunction wit…
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Article Contest 44/62
Posted 18 Sep. by RahmanSL Ranking
Article Contest Long Term Trader Positive Swap Position(S)
Most newbies (new forex Traders) come into the forex world expecting to make quick money without having to do very much work.
Well, some Newbies do get lucky and make a lot of money on their small trading account BUT then most of them think they can continue to make lots of money trading the way they do…i.e. high leverage, large trading lots, and without paying too much attention to daily changes in the forex market, global economic events, etc. Inevitably all of these Newbies will suffer the same fate of margin call and total account wipe-out.
Then there are those who look at the forex market as another form of investment which have potential to give much more returns for their money than most banks in the world.
Long term Forex Trader…i.e. those who open and leave their trade(s) running for months and even years…. can consistently make good returns for their money. However, their open trades are always in the direction where their open trade position(s) give them positive swap rate which, over time, can accumulate to substantial amount of money. On top of the positive daily swap, their open trade(s) can reap them very good profits when their “Take Profit” (TP) level is(are) trig…
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My Canadian Forex Business Story 2 43/62
Posted 17 Sep. by Bibco Ranking
Success Forex Community Personal Stories Trading Phychology
My Canadian business story 2 ... or how philosophically I found myself in the Forex trading.
In the first part of my story, I told you in details what I went through to get at my age to Forex as something, that I can now confidently call my business. In this second part, I shall try to interpret why I think so. We all have dreams, ideals and values. How often, however, we realize that they are crystallized clearly in our minds? The ancient Greek philosophers once said that:

"Happiness is the purpose and meaning of life, the overall sense of human existence."

When thеy have meditated on happiness, perhaps they did not mean just a cloudless and easy-going life. In fact, they connected it mostly with personal fulfillment. But this interpretation does not preclude the fact that the happy person sometimes also goes through periods of delusions, loss and sadness, depression and disappointment. What ultimately makes us feel happy is the profound and full sense that we are standing on the right path in life - the feeling that we are doing what we have skills and vocation for. In this context, according to the Greek philosophers, the opposite sense of happiness is not just sadness and desp
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Gbr.idx/GBP Trading Guide 34/62
Posted 15 Sep. by wmndave Ranking
Gbr IDX/GBP Trading Guide Uk100
INTRODUCTION
The London Stock Exchange is one of the largest in the world with over 3000 companies listed from around the world. The GBR.IDX/GBP also known as the UK100 aims at tracking the 100 best top performing companies on the London Stock Exchange.
1. Identifying the Trend
  • Open a GBR.IDX/GBP 30 minutes chart
  • Identify the higher highs or lower lows.
  • This is important for identifying the bullish or bearish bias
GBR.IDX/GBP 30MIN CHART SHOWING A BEARISH TREND
2. Filtering the trend
  • Switch the chart to a 5 minutes time frame
  • Add the 200 period Exponential Moving Average(EMA) by selecting it from the indicators
  • This is effective for filtering the trend and the EMA spots directional shifts in the market can be used as a level of support and resistance.
  • Only take bearish trades when the price is in a downtrend and below the EMA or bullish trades when the price is above the EMA and is in an uptrend
GBR.IDX/GBP 5 MIN CHART3. Finding trading Opportunities
  • Add the Stochastic from the indicators
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Daily Stock Options Code(hong Kong+nasdaq+nyse Stocks)每日股票期权代码(港股+纳斯达克+纽交所) 20/62
Posted 14 Sep. by HOME Ranking
Code Daily Stock Options 港股

Daily Stock Options,Web platform, and did not realize the stock name translation. Non-English speaking friends, we use caused a language barrier.
Almost all companies in China have a Chinese name, Well-known companies such as APPLE, GOOGLE, FACEBOOK. Their Chinese name is:苹果, 谷歌, 脸谱.When operating stock, few people will go to keep in mind its original English name.
website link Google, yahoo, bloomberg stock information presentation, and no human language selection, if you select a language, the site will be a jump.
We analyze the stock most of the time. Not the page platform, using software to read the tape stock, you need to stock code, DUKASCOPY pages binary options platform, the company introduced the stock code, It does not appear in the first column.
Stock code is unique, we need to stock code, as we know, China Hong Kong or the United States NASDAQ and the New York Stock Exchange listed company to thousands,Daily Stock Options, Only a portion of stock trading. quick View stock information, which stocks can be traded ,we recommend optimization.
DUKASCOPY site content can not be copied.
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