MDunleavy
iticsoftware.com Representative
- Messages
- 185
Fractal divergence guide
Interesting detailed explanation of fractal divergence guide.
Click the link to view guide:
Fractal divergence guide
- Thread starter MDunleavy
- Start date
Interesting detailed explanation of fractal divergence guide.
Click the link to view guide:
MDunleavy
iticsoftware.com Representative
- Messages
- 185
Secrets of successful Forex Scalping
July 28th, 2010
Here are many supporters and opponents of forex scalping systems. There is no agreement of opinion even among people who use the same forex scalping system. It happens because success of the forex scalping system depends not only on professionalism of developers and the idea, realized in the system, but also on many external factors:
- Choice of broker. Many brokerage offices allow scalping, but can hinder work of the forex scalping system, especially if you deposit is small;
- Choice of the right money management policy. Many traders expect fantastic profits from the forex market and want to get several hundred percent per month. In order to achieve such goals traders often choose lot size, which makes 30% and even 50% from the deposit. In this case even one losing transaction can ruin the system.
- Professionalism of a trader. Many developers point in the system description that you don’t need special knowledge for trade and it’s true, but, at least, you must know settings of the system and metatrader trading terminal. It will help you to avoid stupid mistakes, which could ruin the system.
You should take into account several important factors when developing the trading system for gaining small amounts of profit during short time intervals (scalping trading systems).
The first and, maybe, the main factor is spread. Spread can ruin up to 20-30% of profit of your system. And if you add dealer’s actions, directed at destroying the system, we can suppose with high probability about 70% of loss.
The second important factor is multiple mistakes, which arise in the attempt to open or close market orders. For this reason many trading systems, which show profit at a test on historical data, may be unprofitable and even loss-making during real trade.
So how to develop a system, which will allow to use scalping and to make profit at the same time?
Many scalping systems have limits in time of trade. If you have a look on currency movement diapasons during so-called “quiet market” hours, you will see that currency deviance exceeds spread by several points. You can solve this problem in several ways.
The first way is to trade night and day, choosing currencies, which are currently match the scalping conditions, move in the linear regression channel or are in the flat channel, limited by resistance and support lines, for a long time. Or you can choose moments of low market volatility, when breakout of resistance lines or channel borders is unlikely.
The second way is to set the system a time limit, but at the same time to improve quality (precision) of entry and exit. Improvement of entry quality can be reached by means of formation of linear regression adaptive channels.
If you use a standard built-in linear regression indicator or other linear regression indicators, you will probably notice that arrangement of linear regression lines depends on number of bars, taken for channel formation. It is also easy to notice that you can form many such channels on the chart. So what channel is the most objective one? The most precise channel is the one, mean square deviation of which is minimal and is becoming lesser. There may be several such channels on the chart, and they will describe currency movement corridors more precisely. LR-Channel indicator will automatically detect all linear regression channels on the chart and will choose only those channels, mean square deviation of which is minimal and is becoming lesser.
Such channel will help you to detect entry and exit points more precisely than the standard linear regression channel or the flat channel.
Learn more about our forex scalping systems =>>> _http://iticsoftware.com/scalping-forex.php
BJF Trading group inc.
July 28th, 2010
Here are many supporters and opponents of forex scalping systems. There is no agreement of opinion even among people who use the same forex scalping system. It happens because success of the forex scalping system depends not only on professionalism of developers and the idea, realized in the system, but also on many external factors:
- Choice of broker. Many brokerage offices allow scalping, but can hinder work of the forex scalping system, especially if you deposit is small;
- Choice of the right money management policy. Many traders expect fantastic profits from the forex market and want to get several hundred percent per month. In order to achieve such goals traders often choose lot size, which makes 30% and even 50% from the deposit. In this case even one losing transaction can ruin the system.
- Professionalism of a trader. Many developers point in the system description that you don’t need special knowledge for trade and it’s true, but, at least, you must know settings of the system and metatrader trading terminal. It will help you to avoid stupid mistakes, which could ruin the system.
You should take into account several important factors when developing the trading system for gaining small amounts of profit during short time intervals (scalping trading systems).
The first and, maybe, the main factor is spread. Spread can ruin up to 20-30% of profit of your system. And if you add dealer’s actions, directed at destroying the system, we can suppose with high probability about 70% of loss.
The second important factor is multiple mistakes, which arise in the attempt to open or close market orders. For this reason many trading systems, which show profit at a test on historical data, may be unprofitable and even loss-making during real trade.
So how to develop a system, which will allow to use scalping and to make profit at the same time?
Many scalping systems have limits in time of trade. If you have a look on currency movement diapasons during so-called “quiet market” hours, you will see that currency deviance exceeds spread by several points. You can solve this problem in several ways.
The first way is to trade night and day, choosing currencies, which are currently match the scalping conditions, move in the linear regression channel or are in the flat channel, limited by resistance and support lines, for a long time. Or you can choose moments of low market volatility, when breakout of resistance lines or channel borders is unlikely.
The second way is to set the system a time limit, but at the same time to improve quality (precision) of entry and exit. Improvement of entry quality can be reached by means of formation of linear regression adaptive channels.
If you use a standard built-in linear regression indicator or other linear regression indicators, you will probably notice that arrangement of linear regression lines depends on number of bars, taken for channel formation. It is also easy to notice that you can form many such channels on the chart. So what channel is the most objective one? The most precise channel is the one, mean square deviation of which is minimal and is becoming lesser. There may be several such channels on the chart, and they will describe currency movement corridors more precisely. LR-Channel indicator will automatically detect all linear regression channels on the chart and will choose only those channels, mean square deviation of which is minimal and is becoming lesser.
Such channel will help you to detect entry and exit points more precisely than the standard linear regression channel or the flat channel.
Learn more about our forex scalping systems =>>> _http://iticsoftware.com/scalping-forex.php
BJF Trading group inc.
MDunleavy
iticsoftware.com Representative
- Messages
- 185
Metatrader Indicators Testing
I would like to explain how to test metatrader indicator on historical data. For example, we
can test our new CCI-divergence metatrader indicator on gbpusd curency, time frame H1.
1. Open GBPUSD chart time frame H1
2. On the left hand side, look for the "Navigator" window
3. Under the "Common" tab, look into the "Expert Advisors" directory
4. Drag (Click and drag) the expert advisor (we recommend to use standard build-in expert
advisor MACD) onto the chart
5. Run metatrader strategy tester for expert advisor in "visual mode"
6. Strategy tester should open new GBPUSD H1 window
7. Press || (pause) button (Strategy tester)
8. Under the "Common" tab, look into the "Custom Indicators" directory
9. Drag (Click and drag) the indicator onto the chart (visual)
10. Press Run button (Strategy tester)
Learn more about our metatrader indicators.
BJF Trading Group inc.
I would like to explain how to test metatrader indicator on historical data. For example, we
can test our new CCI-divergence metatrader indicator on gbpusd curency, time frame H1.
1. Open GBPUSD chart time frame H1
2. On the left hand side, look for the "Navigator" window
3. Under the "Common" tab, look into the "Expert Advisors" directory
4. Drag (Click and drag) the expert advisor (we recommend to use standard build-in expert
advisor MACD) onto the chart
5. Run metatrader strategy tester for expert advisor in "visual mode"
6. Strategy tester should open new GBPUSD H1 window
7. Press || (pause) button (Strategy tester)
8. Under the "Common" tab, look into the "Custom Indicators" directory
9. Drag (Click and drag) the indicator onto the chart (visual)
10. Press Run button (Strategy tester)
Learn more about our metatrader indicators.
BJF Trading Group inc.
MDunleavy
iticsoftware.com Representative
- Messages
- 185
We have developed new CopyToolPro MT5--> MT4 module.
MetaTrader Account Copier "CopyToolPro MT5 --> MT4" is MetaTrader oriented forex software that makes it possible to copy trade operations from MetaTrader 5 terminal to Metatrader 4 terminals synchronous.
MetaTrader5 combines all open orders into united position.
MetaTrader4 cannot repeat the same.
We implemented the following behaviour in CopyToolPro MT5 to MT4.
Summary open lot of all trades on MT4 should be the same as the lot of open position of MT5.
Example:
Step 1)
MT5: 0.2 lot BUY EURUSD opened, summary position 0.2 lot BUY EURUSD
MT4: copy open 0.2 lot BUY EURUSD
Step 2)
MT5: 0.3 lot BUY EURUSD added, summary position 0.5 lot BUY EURUSD
MT4: copy open 0.3 lot BUY EURUSD, now we have 2 orders on MT4 (0.2 and 0.3)
Step 3)
MT5: 0.1 lot BUY EURUSD closed, summary position 0.4 lot BUY EURUSD
MT4: copy close 0.1 lot BUY EURUSD, we still have 2 orders on MT4 (0.1 and 0.3)
etc.
Learn more in attached file,
MetaTrader Account Copier "CopyToolPro MT5 --> MT4" is MetaTrader oriented forex software that makes it possible to copy trade operations from MetaTrader 5 terminal to Metatrader 4 terminals synchronous.
MetaTrader5 combines all open orders into united position.
MetaTrader4 cannot repeat the same.
We implemented the following behaviour in CopyToolPro MT5 to MT4.
Summary open lot of all trades on MT4 should be the same as the lot of open position of MT5.
Example:
Step 1)
MT5: 0.2 lot BUY EURUSD opened, summary position 0.2 lot BUY EURUSD
MT4: copy open 0.2 lot BUY EURUSD
Step 2)
MT5: 0.3 lot BUY EURUSD added, summary position 0.5 lot BUY EURUSD
MT4: copy open 0.3 lot BUY EURUSD, now we have 2 orders on MT4 (0.2 and 0.3)
Step 3)
MT5: 0.1 lot BUY EURUSD closed, summary position 0.4 lot BUY EURUSD
MT4: copy close 0.1 lot BUY EURUSD, we still have 2 orders on MT4 (0.1 and 0.3)
etc.
Learn more in attached file,
MDunleavy
iticsoftware.com Representative
- Messages
- 185
Forex Divergence Options
We have added divergence indicators parameters explanation.
=>>> Look attached file.
and two new articles:
Bollinger Bands Divergence Indicator generation III
=>>> Look attached file.
Metatrader Indicator OBV Divergence Generation 3
=>>> Look attached file.
Best regards,
BJF Trading Group inc.
We have added divergence indicators parameters explanation.
=>>> Look attached file.
and two new articles:
Bollinger Bands Divergence Indicator generation III
=>>> Look attached file.
Metatrader Indicator OBV Divergence Generation 3
=>>> Look attached file.
Best regards,
BJF Trading Group inc.
MDunleavy
iticsoftware.com Representative
- Messages
- 185
Bollinger Bands Divergence Idicator generation III
Bollinger Bands Explanation
Bollinger bands consist 3 lines. First one, central line and other two price channels lines. Channel lines also called bands. The center line is an exponential moving average; the price channels lines are the standard deviations of the forex market being studied. The bands will expand and contract as the price action of an issue becomes volatile (expansion) or becomes bound into a tight trading pattern.
For our opinion this indicator will be useful for scalping. Very strong signal for position opening is Bollinger bands forex divergence.
Bollinger Bands Divergence Explanation
BollingerBands Divergence Generation III is new professional forex divergence indicator with complex mathematical algorithm
(BJF Trading Group invention).
Forex Divergence Algorithm short explanation
• Search for significant peaks on the both chart and indicator;
• Match pairs of peaks from the chart to pairs of peaks from the indicator;
• Apply main divergence conditions to accept divergence pattern;
• Apply user defined filters.
BJF Trading Group inc.
Bollinger Bands Explanation
Bollinger bands consist 3 lines. First one, central line and other two price channels lines. Channel lines also called bands. The center line is an exponential moving average; the price channels lines are the standard deviations of the forex market being studied. The bands will expand and contract as the price action of an issue becomes volatile (expansion) or becomes bound into a tight trading pattern.
For our opinion this indicator will be useful for scalping. Very strong signal for position opening is Bollinger bands forex divergence.
Bollinger Bands Divergence Explanation
BollingerBands Divergence Generation III is new professional forex divergence indicator with complex mathematical algorithm
(BJF Trading Group invention).
Forex Divergence Algorithm short explanation
• Search for significant peaks on the both chart and indicator;
• Match pairs of peaks from the chart to pairs of peaks from the indicator;
• Apply main divergence conditions to accept divergence pattern;
• Apply user defined filters.
BJF Trading Group inc.
MDunleavy
iticsoftware.com Representative
- Messages
- 185
For your attention Divergence Indicators Rating (254 users)
1. MACD Divergence and Stochastic Divergence - 45 positive feedback 3 negative feedback
indicators were tested on currencies: eurusd, usdjpy, gbpusd, usdcad, eurcad timeframes: m15, h1
additional indicators: PowerRVI, Trend- MultiTF
2. BollingerBands Divergence - 36 positive feedback 4 negative feedback
indicators were tested on currencies: eurusd, usdjpy, gbpusd, usdcad, eurcad timeframes: m15, h1
additional indicators: PowerRVI
3. Volumes Divergence - 28 positive feedback 0 negative feedback
indicators were tested on currencies: eurusd, usdjpy, gbpusd, usdcad, eurcad timeframes: m15, h1
additional indicators: MetaTrader Indicator OBV Divergence
4. PowerRVI Divergence - 12 positive feedback 0 negative feedback
5. ADX Divergence - 11 positive feedback 1 negative feedback
Review divergence indicators home page =>>> Attached file.
Other products rating (rating was made on the number of purchases, taking into account the negative and positive feedback)
MetaTrader Account Copier "CopyToolPro" Forex Software
Forex Neural MetaTrader Expert Advisor "NeuralScalpingEA"
Forex Scalping Expert Advisor "SC-Market" v1.0
Forex Scalping MetaTrader Expert Advisor LimitsOffensive 1.0"
Forex Scalping Expert Advisor PRO Advisor 5 3.0
Forex Grid MetaTrader Expert Advisor "ELDORADO" V1.3
Forex Scalping Expert Advisor STOMPER Portfolio V1.0
Forex Scalping Expert Advisor FloatingTarget Portfolio
Forex Scalping MetaTrader Expert Advisor FXPredictor
etc.
BJF Trading Group inc.
1. MACD Divergence and Stochastic Divergence - 45 positive feedback 3 negative feedback
indicators were tested on currencies: eurusd, usdjpy, gbpusd, usdcad, eurcad timeframes: m15, h1
additional indicators: PowerRVI, Trend- MultiTF
2. BollingerBands Divergence - 36 positive feedback 4 negative feedback
indicators were tested on currencies: eurusd, usdjpy, gbpusd, usdcad, eurcad timeframes: m15, h1
additional indicators: PowerRVI
3. Volumes Divergence - 28 positive feedback 0 negative feedback
indicators were tested on currencies: eurusd, usdjpy, gbpusd, usdcad, eurcad timeframes: m15, h1
additional indicators: MetaTrader Indicator OBV Divergence
4. PowerRVI Divergence - 12 positive feedback 0 negative feedback
5. ADX Divergence - 11 positive feedback 1 negative feedback
Review divergence indicators home page =>>> Attached file.
Other products rating (rating was made on the number of purchases, taking into account the negative and positive feedback)
MetaTrader Account Copier "CopyToolPro" Forex Software
Forex Neural MetaTrader Expert Advisor "NeuralScalpingEA"
Forex Scalping Expert Advisor "SC-Market" v1.0
Forex Scalping MetaTrader Expert Advisor LimitsOffensive 1.0"
Forex Scalping Expert Advisor PRO Advisor 5 3.0
Forex Grid MetaTrader Expert Advisor "ELDORADO" V1.3
Forex Scalping Expert Advisor STOMPER Portfolio V1.0
Forex Scalping Expert Advisor FloatingTarget Portfolio
Forex Scalping MetaTrader Expert Advisor FXPredictor
etc.
BJF Trading Group inc.
MDunleavy
iticsoftware.com Representative
- Messages
- 185
Expert Advisors - The Benefits
* Our Expert Advisors (Forex Expert Advisors) can be easily installed, do not require any
special knowledge, and are widely used by beginner and skilled traders. You can start to trade
bymeans of our MetaTrader Expert Advisors in an hour after purchase.
* All Mechanical Trading Systems (MetaTrader Expert Advisors) work under control of a
trading terminal - MetaTrader 4, which is free of charge.
* You can start to work with our MetaTrader Expert Advisors opening a real account for $100-
$3000 or you can begin to work on demo account.
* Our MetaTrader Expert Advisors are tested with the greatest possible quality by modeling
them on 90% of long sites of historical data as well as real accounts.
* Buying our MetaTrader Expert Advisors means you are receiving free of charge and 24/7
support.
* We do not take additional money for the updated versions of our MetaTrader Expert
Advisors. All updates are sent for free. We work under a flexible system of discounts and
bonuses. =>>>iticsoftware.com/expert-advisors
=>>> img827.imageshack.us/img827/2505/10dec171319.pdf
* Our Expert Advisors (Forex Expert Advisors) can be easily installed, do not require any
special knowledge, and are widely used by beginner and skilled traders. You can start to trade
bymeans of our MetaTrader Expert Advisors in an hour after purchase.
* All Mechanical Trading Systems (MetaTrader Expert Advisors) work under control of a
trading terminal - MetaTrader 4, which is free of charge.
* You can start to work with our MetaTrader Expert Advisors opening a real account for $100-
$3000 or you can begin to work on demo account.
* Our MetaTrader Expert Advisors are tested with the greatest possible quality by modeling
them on 90% of long sites of historical data as well as real accounts.
* Buying our MetaTrader Expert Advisors means you are receiving free of charge and 24/7
support.
* We do not take additional money for the updated versions of our MetaTrader Expert
Advisors. All updates are sent for free. We work under a flexible system of discounts and
bonuses. =>>>iticsoftware.com/expert-advisors
=>>> img827.imageshack.us/img827/2505/10dec171319.pdf
