Discuss RoboForex.com

[Vlad RF]

RoboForex changes conditions of using the VPS server for its clients

Dear Clients and Partners,​

RoboForex has changed terms of using the VPS server for clients with standard trading conditions and VIP clients by making them simpler and more convenient.

What has changed for clients with standard trading conditions?

From now on, clients with standard trading conditions have the opportunity to use our VPS server regardless of their trading volume but for a monthly fee in the amount of 5 USD.

The fee for using the VPS server will be deducted from the client’s USD Wallet if their trading volume is insufficient.

To continue using the VPS server, the client must go to the “Your VPS 2.0 Server” page in their Members Area, choose the “Renew” option and tick “Renew automatically”.

What has changed for VIP clients?

VIP clients will be provided with the VPS server for free if they performed at least 1 transaction over the previous calendar month.
The complete list of terms of using VPS can be found on the “VPS server” page.

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Sincerely,
RoboForex team

 

[Vlad RF]

How to Use Mean Reversion Indicator: Settings and Trading

Author: Maks Artemov

Dear Traders,​

Many traders use support and resistance levels in their trading systems and strategies. There are quite many ways of using them: they apply to market and pending orders, their breakaways and bounces off them may be used in market analysis; also, they are landmarks for Stop Losses and Take Profits. Moreover, traders pay attention to the overbought and oversold areas. For trading, a comprehensive approach may be used: tech analysis suits for detecting the levels and indicators help find the oversold and overbought areas. However, you might manage with just one indicator that will show everything. It is called Mean Reversion.

Mean Reversion overview

Let us look at the indicator in action and try to see into its signals.

Mean Reversion belongs to the group of channel indicators. This means that on the chart it draws channels inside which the price moves and tries to forecast its behavior. The multi-currency Mean Reversion indicator in MT4 applies to all trading instruments. The developer states that it works on any timeframe and in any trading session. Theoretically, its application in Forex is unlimited.

Mean Reversion​

Mean Reversion settings

The indicator is drawn on the chart of the instrument and looks like seven lines, between which the price moves. The central line is the main one, above and below it six more lines constitute the channel. The main line is called the gravity center. It is calculated based on polynomial regression. Other lines show the overbought and oversold areas and are calculated as a standard deviation from the central one. For the sake of clarity, the overbought area lies above the central line between the grey and upper blue lines. The oversold area lies below the main line between the grey and lower red lines.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

In the first week of summer at RoboForex, ContestFX brings you the following competition draws:

The 111th round just started in June "Demo Forex" and 261th "Week with CFD".
03.06.2020 start at 12:00 - 394th "Trade Day".
04.06.2020 start at 20:00 - 311th "KingSize MT5".

We remind you that for winners of our demo competitions, we transfer the prizes to all winners' real trading accounts as a reward, which allows them to trade and earn the profit in the Forex market without investing their own money as the starting deposit.

Good luck to all traders!

Sincerely,
RoboForex Contest

 

[Vlad RF]

RoboForex adds several useful improvements to R Trader

Dear Clients and Partners,​

We’ve added several improvements to the R Trader trading platform aimed at making your forecasts more accurate and your trading - more comfortable. Benefit from all opportunities of the updated web terminal for more efficient work with more than 12,000 popular instruments.

More about R Trader improvements​

1. 4 new trading indicators

Use “Force Index”, “Volume-Weighted Average Price” (VWAP), “Pivot Point”, and “Donchian channel” to perfect your trading strategy.


2. Trading log in convenient charts

Analyze your trading results using a new R Trader tool called “Trading log”. Your trading history is now displayed in the chart form showing the key statistical performance of your accounts, such as profit, Equity, “drawdown”, depositing, and balance.


3. Corporate events calendar

Following important news of the world’s largest companies and be the first to learn about such high-profile events as:

Dividends – dates when dividends are paid to shareholders.

Earnings – dates when financial reports are published.

Splits – dates when stocks are split and consolidated.


4. Contract specifications right in the terminal

No more wasting time on looking for information about trading conditions for the asset you’re interested in – contract specifications for each trading instrument are available directly in the platform itself.


5. “Enhanced” mobile version

• Improved charts.
• More convenient navigation.
• Expanded Watchlist.
• Updated interface

A more detailed review of new tools and improvements can be found in the RoboForex blog. Benefit from all opportunities of the updated R Trader platform for achieving your most ambitious trading goals.

Go to the terminal​

Sincerely,
RoboForex team

 

[Vlad RF]

Shooting Pips: Trading the Sniper Strategy

Author: Andrey Goilov

Dear Traders,​

Today, there are plenty of trading strategies and work options for various markets both with indicators and without them. The Sniper strategy belongs to the second group: it consists of chart analysis solely, involving no additional indicators.

Opinions differ about using just the price chart for trading. Some think that this type of trading is subjective, and several traders may see different signals on the same chart. Moreover, this trading method is hard to back-test, unlike the work of indicators, where you can study all previous signals rather easily.

However, the Sniper remains popular among Internet users, experienced traders and beginners alike. In this overview, we will discuss the peculiarities, advantages, and drawbacks of the strategy.

Description of the Sniper strategy

The strategy is meant for intraday trading, which means positions are not transferred to the next day. Also, trades are not opened at the moment of the publication of important economic news. The strategy uses classical instruments of tech analysis, such as the support and resistance levels, sideways movements. The publication of news, in this case, may hinder trading the levels.

GBP/USD price chart - Sniper strategy​

The idea is to open positions in the direction of the breakaway of the channel that was formed at night - using horizontal levels. As a rule, at night, volatility drops significantly, and flats form, squeezed between strict levels.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, project ContestFx presents you the following rounds:

Since June last Monday,111th round started "Demo Forex".
Just started the 262th round "Week with CFD".
10.06.2020 starts at 12:00 - 395th "Trade Day".
11.06.2020 starts at 20:00 - 312th "KingSize MT5".

After completing a simple registration process, in just a few clicks participation becomes available for all contestants in any round of the contest and by winning prize money you can start full-fledged trading on the Forex market without investing your own financial savings as the starting deposit.

We're looking forward to all of you on our site and wish you success!

Sincerely,
RoboForex Contest

 

[Vlad RF]

Avalanche Of Profit: Testing the Expert Advisor

Author: Dmitriy Gurkovskiy

Dear Traders,​

Today, we will discuss an expert advisor for scalping: it works on H1 but makes a large number of trades. The Avalanche expert advisor is a high-frequency trading robot aiming at numerous trades even on large timeframes. The number of trades may amount to hundreds a day and thousands a month.

The working principle of the Avalanche EA

The trading algorithm of the robot is simple. For finding entry points, it uses 2 standard indicators: the Bollinger Bands and Relative Strength Index (RSI). The first one is a range indicator, hence, it may be used as a trend indicator for defining the general market direction. The second one is an oscillator, a special type of indicator which traders most often use for finding entry points. To put it simply, the expert advisor needs two signals from the indicators given simultaneously to open a position in a chosen point.

Unfortunately, I failed to find out how the expert advisor uses the indicators and what signals exactly it chooses. This is because the code of the robot wrote by the author is encoded and the working algorithm has a completely different style. All the sorts of the initial code I have managed to find are downloadable at the end of this article.

Only basic currency pairs suit for this robot: EUR/USD and GBP/USD; you may try it with other pair as the trading strategy of the robot is rather universal, however, it has been optimized for the named pairs.

The timeframe recommended by the developers is H1 as the strategy was designed for it. Frankly speaking, the timeframe is not that important: the Avalanche gives the same results on H1 and M5.

The expert advisor can both work with a fixed and dynamic lot (the latter increases proportionally alongside the deposit). The developers assure us that the expert advisor does not need optimization; judging by its parameters, I would say it is true.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex changes the MetaTrader 5 trading server structure

Dear Clients and Partners,​

We’re informing you that in order to improve trading conditions and expand the range of offered account types, the RoboForex server infrastructure will change starting from June 13th, 2020.

Changes in the server structure

Starting from June 13th, 2020, MT5-based accounts will be available on on the following servers:

Account type	Server	DNS
Pro-Standard Pro-Cent Demo Pro	RoboForex-Pro (earlier RoboForex-MetaTrader5)	mt5-dc1.roboforex.com
ECN Demo	RoboForex-ECN	mt5ecn-dc1.roboforex.com

Please note

• “ECN” and “Demo” accounts will be relocated to a new server and won’t be available when connecting to them using the previous address.
• To continue using MT5 and/or its mobile version after the changes have entered into force, add your trading account to the terminal once again. Read the instructions>
• Fee-based trading robots may be bound to the trading server name (contact a developer for clarification). To continue using them, you may require an updated version of the software bound to a new server name.

Changes in instrument tickers

Starting from June 13th, 2020:

• Positions of Pro-Standard, Pro-Cent, and Demo Pro accounts in the instruments with the postfix “.m” will be available in the instruments without postfixes. These changes may require you to modify your trading robot settings.
• All hedging instruments will be switched to the “Close only” mode. Positions in the instruments with postfixes “m1”-“m3”will not be replaced by positions in the instruments without postfixes.

Upgrade operations period

Operations to upgrade the server infrastructure will be conducted on Saturday, June 13th, 2020. We kindly ask you bear in mind that using MT5-based accounts (performing balance or trading operations, opening new accounts) won’t be available starting from 12 AM June 13th and until the end of upgrade operations.

Updated links to trading terminals will be available after technical operations are over.

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex adds WeChat Pay to the list of depositing methods

Dear Clients and Partners,​

For the convenience of our clients from China, we’ve added a new payment system, “WeChat Pay”, to the list of depositing methods available at RoboForex.

Depositing via WeChat Pay:

• Currency – CNY.
• Funds are deposited instantly.
• RoboForex compensates commission for depositing funds.
• Deposit from 60 to 65,000 CNY per one transaction.

WeChat Pay is a popular payment system of Tencent, the company that owns China’s most widely-used messenger called WeChat. The system supports two ways of payment: using the virtual WeChat Wallet and the bank card added to WeChat.

Deposit funds to your trading account quickly and without additional fees – we compensate commission for depositing funds!

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Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week RoboForex Company, contests project ContestFx is waiting for you to participate in the following competitions:

The 111th competition is running at "full speed" in June "Demo Forex".
Today started the 263rd competition "Week with CFD".
17.06.2020 starts at 12:00 - 396th competition "Trade Day".
18.06.2020 starts at 20:00 - 313th competition "KingSize MT5".

Let us remind you that all contestants will receive prizes in the real trading accounts by winning in our demo contests. Which provides the opportunity to the winners to start full-fledged trading on the Forex market without investing their savings.

Do not miss your chance!

Sincerely,
RoboForex Contest