fbpx
Create your own blog, receive economic news updates via email, join our forex community or discuss in the forums. This is the default non-commercial membership and is available to anyone.
Random Albums
No albums available currently

Recent Updates

Pinned Items
Recent Activities
  • BEIJING, Oct. 5, 2022 /PRNewswire/ -- In 2021, China experienced rapid development in the field of E...
    1. Continue Reading
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • AC Ventures partnered with The Upright Project and used its proprietary platform to measure its port...
    1. Continue Reading
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • Korea respondents 13% Only great level service to provide number CX ' Champion' competencies Retenti...
    1. Continue Reading
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • Partnership streamlines processes for faster lending decisions by offering a next-generation digital...
    1. Continue Reading
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • BIT.COM AHEAD OF THE CURVE WITH NEW USD- MARGINED CRYPTO OPTIONS TRADING ANOTHER STEP TOWARD WIDER INSTITUTIONAL ADOPTION WITHIN THE CRYPTO INDUSTRYSINGAPORE, Oct. 4, 2022 /...
    1. Continue Reading
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • IC Markets Ad
    Trade in a True ECN environment with spreads from 0.0 pips, no requotes, no price manipulation and no restrictions.
  • Bullish Reversal is a long only client side VTL auto trader. This is a bullish candlestick reversal pattern-based auto trader. The following bullish patterns are identified and when the pattern...
    Bullish Reversal is a long only client side VTL auto trader. This is a bullish candlestick reversal pattern-based auto trader. The following bullish patterns are identified and when the pattern completes, the autotrader open buy position. All these candlestick patterns involve three candles.
    Abandoned Baby. The candlestick pattern is formed when:
    1. The first bar is a large down candlestick located within a defined downtrend.
    2. The second bar is a doji candle (open is approximately equal to the close) that gaps below the close of the first bar.
    3. The third bar is a large white candle that opens above the second bar.
    Morning Doji Star. The candlestick pattern is formed when:
    1. First candle is in a downtrend and have a black body
    2. Second candle is doji and the doji body is below the previous candle body
    3. Third candle is white body and candle body above the previous candle body
    Three Inside Up. The candlestick pattern is formed when:
    1. The market is in a downtrend or a move lower.
    2. The first candle is a black (down) candle with a large real body.
    3. The second candle is a white (up) candle with a small real body that opens and closes within the real body of the first candle.
    4. The third candle is a white (up) candle that closes above the close of the second candle.
    Three Outside Up. The candlestick pattern is formed when:
    1. The market is in a downtrend.
    2. The first candle is bearish.
    3. The second candle is bullish with a long real body and fully contains the first candle.
    4. The third candle is bullish with a higher close than the second candle.
    Three White Soldiers. The candlestick pattern is formed when:
    1. The first candle seems like the continuation of the downtrend. It is a bullish candlestick meaning the closing price should be more than the opening price and indicates that the bulls are back into the action.
    2. The second candlestick should also be bullish. The opening price should be within the real body of the first candlestick most preferably between the midpoint and closing price of the previous candlestick. The closing price should be above the previous candle’s closing price and should be higher than the previous candle’s closing price.
    3. The third candlestick should also be a bullish candlestick having no or small shadow. The opening price should be within the real body of the second candlestick most preferably between the midpoint and closing price of the second candlestick. The closing price should be above the previous candle’s closing price and should be higher than the previous candle’s closing price.
    The trading system entry rules are:
    1. A bullish candlestick reversal pattern is formed (The 5 patterns listed above).
    2. The price is below 50 period exponential moving average.
    3. Open a buy position on next candle start.
    The exit rules are:
    1. Exit when stop loss of target is hit.
    2. Exit when the trailing stoploss is hit.
    The stoploss, take profit, and trailing stoploss is configured with the parameters of the autotrader. By default it apply a trailing stoploss only.
    The autotrader works better on higher time frame charts like daily, weekly, etc. Test it on different timeframes before using it.
    More
    1. View Post
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • Momentum deviation bands is a client side VTL indicator. It is similar to Bollinger bands. Bollinger bands use standard deviation of price in band calculation. Momentum deviation bands use...
    Momentum deviation bands is a client side VTL indicator. It is similar to Bollinger bands. Bollinger bands use standard deviation of price in band calculation. Momentum deviation bands use momentum of price instead of standard deviation. It is used in the same way as Bollinger bands.
    Momentum deviation bands identify oversold overbought conditions in the asset price. It can be used to create mean reversion strategies as well as trend breakout strategies. A close above the upper band suggests a trend breakout. When price goes too far away from the upper band, it suggests an overbought situation and mean reversion strategies can be applied.
    When the band width is relatively small and it suddenly expands, it suggests a new trend development. Trades should be confirmed with other non corelated indicators. For example, when a upward breakout is identified by the momentum deviation bands, look for confirmation with some volume based indicator.
    Parameters:
    Period - Number of bars to calculate the bands
    Multiplier -A multiplication factor, similar to standard deviation in Bollinger bands
    MomPeriod -Momentum calculation period
    MomPrice -Price field for calculations, 1 Close, 2 Open, 3 High, 4 Low, 5 Median, 6 Typical, 7 Weighted
    More
    1. View Post
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
  • TraderOne started a new discussion, Elegant Oscillator - VertexFX
    Elegant Oscillator - VertexFX
    The elegant oscillator is client side VTL indicator. It is based on signal processing algorithms and used in mean reverting trading systems. Mean Reversion theory suggests that after an extreme...
    The elegant oscillator is client side VTL indicator. It is based on signal processing algorithms and used in mean reverting trading systems. Mean Reversion theory suggests that after an extreme price move, asset prices tend to return back to normal or average levels. Prices routinely oscillate around the mean or average price but tend to return to that same average price over and over. Mean reversion strategies open trades when price moves to extreme levels, expecting price to return to the historical mean price. This is a counter trend trading strategy.
    The elegant oscillator helps in identifying extreme price levels. Elegant Oscillator is a technical indicator based on signal processing techniques. It calculates the inverse Fisher transform of price and applies the smoothing filter to it. The resulting line oscillates between the values -1.0 and +1.0. Find out the extreme levels it reached in the historical chart and open a counter trend trade when it reaches around the historical extreme levels. It is better to be used with other indicators to confirm the signals.
    Parameters:
    Band Edge – Parameter to calculate the band edge, default is 20
    Oscillator Period - Number of bars in the indicator calculations, default is 50
    Price - Price field to calculate the indicator. 1 Close, 2 Open, 3 High, 4 Low, 5 Median, 6 Typical, 7 Weighted

    Test the indicator on charts with different parameter values and pick the best parameter values for each instrument before using it in trading.

    More
    1. View Post
    0
    0
    0
    0
    0
    0
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
There are no activities here yet
Unable to load tooltip content.
 
     
 

Latest Spot Rate

 
04 October 2022
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent.The Board is committed to returning ...
23 September 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.The Federal Reserve Board approved action on Thursday by the Boards of Directors of the Federal Reserve Banks of New York, Minneapol...
22 September 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee partic...
22 September 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployme...
24 August 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on July 18 and July 27, 2022.The minutes are...
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.