Discuss RoboForex.com

[Vlad RF]

Top-7 Trading Strategies on Forex in 2020

Author: Andrey Goilov

Dear Traders,​

In RoboForex blog, we have discussed a whole range of forex strategies — from the simplest to the most intricate ones, from those suitable for beginners to those meant for experts, those with and without indicators. Today, I will try to enumerate top-7 trading strategies of 2020, which will be especially useful for you if you have not tried some of them yet.

Always keep in mind that however beautiful a strategy may seem, never rush at using it on real money. Start with a demo account where you can painlessly master the strategy, detecting its strong and weak sides. Only after you reach good results try trading on a real account.

1. The Fishing trading strategy

The Fishing strategy is meant for D1, however, you may try it on timeframes no smaller than H1. The trading strategy uses special indicators that you may download from the detailed description of Fishing.

The Fishing trading strategy​

The trading strategy gives two main signals for opening a position: a breakaway of the trendline drawn by the indicators and breakaways of the special sales and buy levels. In short, the whole work of Fishing is based on the indicators built in the strategy.

An obvious advantage f the method is trading on D1: you do not need to spend all of your time at the trading terminal; another advantage is that you trade the trend. The drawbacks are the lack of back-testing because the indicator draws the lines for the current moment only.

2. Woodies CCI trading strategy

The Woodies CCI trading strategy is based on an indicator with the same name — Woodies CCI. It will suit those who prefer analyzing the price chart themselves. The author offers various ways of trading by the indicator: using breakaways of trendlines, graphic levels, bounces off the zero line.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex receives “Best Global Mobile Trading App 2020” award

Dear Clients and Partners,​

On June 5th, 2020, “Global Forex Awards - B2B” announced its winners and RoboForex pulled off a win in the nomination of “Best Global Mobile Trading App 2020”.

We know how important the opportunity to trade from anywhere at any time is for our clients, that’s why our Team put a lot of energy so that you could trade through the RoboForex mobile application with more comfort and ease.

This another achievement of the Company confirms that we’re on the right track and motivates us to continue active development of our services in our clients’ interests. Thank you to everyone who voted for us!

Download RoboForex app

​

Sincerely,
RoboForex team

 

[Vlad RF]

Boosting Your Deposit with Bunny: Testing the Expert Advisor

Author: Dmitriy Gurkovskiy

Dear Traders,​

Today, we will get acquainted with a trading robot which is meant for small starter deposits but trades much faster and with a higher risk than, say, Piplaser. The Bunny expert advisor is a scalper trading flats; it uses the same technique of averaging as the Martingale method.

Trading algorithm of the Bunny expert advisor

The trading algorithm of this robot is meant for trading flats; many state that most of the time the market is moving in a trend. However, there is an opinion that trends take only 30% of the market time, while the remaining time is dominated by flats. By this theory, flats last roughly 2 times longer than trends. Even though many traders are sure that we should make money on trends (and so am I), but some try to prove the contrary. The Bunny expert advisor is one of their examples.

Apart from being a scalping robot, the Bunny is also promoted as an expert advisor for small deposits; I have already discussed some of such robots in the blog. However, there is one point: the Bunny uses 2 risky techniques – the averaging of open positions and Martingale. The latter technique is used for averaging and consists of doubling the lot each time the trader opens a new position to average the already opened one.

You may, of course, switch off Martingale in the settings of the robot; however, averaging is a part of the trading system meant for protecting form a movement. I do not know whether the Bunny EA uses any indicators; however, judging by the results of back-testing, it trades differently: sometimes it opens trades by the trend while in other cases it opens trades strictly counter it and, naturally, averages.

After the expert advisor opens its positions, the market not necessarily proceeds in their direction, so it has to average frequently. Regardless of being meant for trading flats, the Bunny advisor keeps trading 24 hours a day, never “caring” about the price being in a trend or a flat. It seems like the robot does not even try to distinguish between them, opening trades for some other reasons.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

The project ContestFx traditionally invites everyone this week, to demonstrate their trading skills in our competitive competitions:

In June, the 111th competition crossed it's "equator" "Demo Forex".
Just started, the competition 264th "Week with CFD".
24.06.2020 starts at 12:00 - 397th "Trade Day".
25.06.2020 starts at 20:00 - 314th "KingSize MT5".

To participate in any desired competitions, it's quite enough to go through a simple registration process only one time and after that, you can connect to your favourite competition in just a couple of clicks.

Good luck!

Sincerely,
RoboForex Contest

 

[Vlad RF]

How to Set Up and Use the Accumulation/Distribution Indicator?

Author: Maks Artemov

Dear Traders,​

Today, I will get you acquainted with the Accumulation/Distribution (A/D) indicator. By the author’s idea, it must define and compare the buy and sell volumes of the asset. Such a comparison may help the trader to find the entry point to the market. For example, if buys prevail, the asset is likely to go on growing.

Let us have a look at the settings and ways to use the indicator.

Location and appearance of the Accumulation/Distribution

The A/D indicator is included by default in most trading terminals, both the mobile and desktop versions. It is not extremely popular among traders, however, it is as worth as others.

If you spend some time studying its principles of work, you may use it as a filter for ready trading strategies or along with other indicators. It might be used on its own, however, defining the signals may be difficult.

In MT4, A/D can be found in Indicators – Volumes.

Accumulation/Distribution - MT4​

This indicator opens in a separate window and looks like a curved line that almost all the time mimics the movements of the price chart. In the settings, you may change the color and width of the line. These are the only settings of the indicator.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex: changes in trading schedule (Independence Day in the USA)

Dear Clients and Partners,​

We’re informing you that due to the Independence Day in the USA, there will be some changes in the trading schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (WTI, Brent)

• July 3rd, 2020 - trading stops at 7:45 PM server time.
• July 6th, 2020 - trading starts as usual.

Trading schedule on CFDs on US indices (US500Cash, US30Cash, USTechCash)

• July 3rd, 2020 - trading stops at 7:45 PM server time.
• July 6th, 2020 - trading starts as usual.

Trading schedule on CFDs on US stocks

• July 3rd, 2020 - trading stops at 8 PM server time.
• July 6th, 2020 - trading starts as usual.

R Trader platform

Trading schedule on US stocks and ETFs

• July 3rd, 2020 - trading stops at 8 PM server time.
• July 6th, 2020 - trading starts as usual.

Trading schedule on CFDs on US stocks and ETFs

• July 3rd, 2020 - trading stops at 8 PM server time.
• July 6th, 2020 - trading starts as usual.

Trading schedule on CFDs on US indices (US500, US30, NAS100)

• July 3rd, 2020 - trading stops at 8:15 PM server time.
• July 6th, 2020 - trading starts as usual.

Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (BRENT.oil, WTI.oil)

• July 3rd, 2020 - trading stops at 7:45 PM server time.
• July 6th, 2020 - trading starts as usual.

cTrader platform

Trading schedule on Metals (XAUUSD, XAGUSD)

• July 3rd, 2020 - trading stops at 7:45 PM server time.
• July 6th, 2020 - trading starts as usual.

Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed by the provider.

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week RoboForex company project, ContestFx continues with the following competitions :

The 111th competition reached the final stage "Demo Forex".
265th started this morning "Week with CFD".
01.07.2020 starts at 12:00 - 398th "Trade Day".
02.07.2020 starts at 20:00 - 315th "KingSize MT5".

We remind you that all the winners of our demo competitions, as rewards receive prizes into their real trading accounts, they can fully trade in the Forex markets without investing their own financial savings.

Goodluck to all traders!

Sincerely,
RoboForex Contest

 

[Vlad RF]

How to Find Stocks for Short-Term Investments?

Author: Eugene Savitsky

Dear Traders,​

There are several ways of investing in the stock market:

1. You hold stocks for a long time, making a profit on dividends and the growth of the stock price. This is called long-term investing.
2. You buy stocks and hold them for a short-term investing at making a profit on a future event in the company, such as the publication of quarterly reports. This is short-term investing.
3. You speculate stocks during a trading session. This is called intraday trading.

I have already explained to you how to find stocks for long-term investments, so today I will speak about short-term investing and how to pick up stocks for this.

The idea of short-term investments

Short-term investments mean waiting for a certain event that is expected in the nearest future. Depending on your idea, you may be holding the stock for any time between a day and several months.

The time of holding an open trade in short-term investments is conditional; in this article, under short-term investments, I will mean holding your position for longer than one trading session and up to several months.

I will say it again that there is no exact border between short- and long-term investing. It depends on how long it will take for the event to happen. Quite often, a short-term investment turns into a long-term one as the investor does not dare to sell the stock upon reaching the goal.

The process of choosing a stock for short-term investing consists of two parts:

1. Choosing the stock based on tech analysis.
2. Choosing the stock based on fundamental analysis.

In fact, it is a rare case that a stock is bought based just on one type of analysis. Sometimes the decision is influenced by technical analysis, sometimes by the fundamental one; anyway, if both types of analysis tell you the same, such a choice is perfect.

Choosing stocks for short-term investments by tech analysis

Let us discuss choosing stocks based on tech analysis.

To make the right choice, you must be at least a beginner in tech analysis. The things you need to know are:

1. The basic graphic patterns.
2. How to find and use support/resistance levels.
3. The basic technical indicators and how to work with them.

The easiest way of choosing is by searching for graphic patterns. For this, you will need Finviz.com.

In the stock scanner, choose tech analysis and mark the patterns you are interested in. In our case, we will look for a Triangle chart pattern.

Scanning stocks via Finviz.com​

The website uses special software to find the patterns, and the software does not always search correctly, so assess the offered variants yourself, checking at least three pages.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

Diamond: Trading Reversal Pattern

Author: Maks Artemov

Dear Traders,​

Today, we will get acquainted with a tech analysis pattern called Diamond. Compared to other tech analysis patterns, the Diamond pattern appears rather rarely on the chart. This is the number one reason for its being unpopular among most traders. On small timeframes, the Diamond takes little time to form and might work off the signal by a couple of candlesticks. On larger timeframes, from D1 and higher, the pattern may take months to complete, which does not enhance its attractiveness for traders.

Not every trader can afford to wait two-three months for the signal to form. However, the Diamond has its advantages: it works off the signal almost always and may bring a substantial profit.

Conditions for and principles of the Diamond formation

The Diamond is a reversal pattern which forms at the top of an uptrend or the bottom of a downtrend. It is easy to guess that it looks like a diamond.

Diamond pattern forming at the top of a trend

Forming at the top of the trend happens as follows. First, the price forms an expanding triangle: it may be isosceles or of a bit irregular shape. After the price reaches the highs, it starts fading, and on the chart, the amplitude of price fluctuations decreases. This is a decrease in the volatility in some sense, when most market players, especially major ones, have taken their positions and start waiting for other players to act.

Then the second wave of players enters the scene: they have noticed the pattern and are eager to make money on the signal. The thing is that the work-off of the Diamond pattern is based on the greed of market latecomers; however, they cannot compete with the first wave of players and just buy at the place where the players of the first wave start selling (closing the positions that have already yielded some profit).

As a result, the quotations start declining quickly, generating certain panic in the market so that the second wave of buyers also hurry to close their positions. Thus, Diamond shape forms at the top of the uptrend.

Diamond pattern at the top of a trend​

Diamond pattern forming at the bottom of a trend

A similar situation may be seen at the lows of a downtrend, only market participants swap places. For a time, the market is dominated by bears provoking a downtrend. At a certain point, the price begins a sideways movement, expanding the amplitude (creating an expanding triangle), then volatility shrinks, and a second – converging – triangle forms on the chart.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week project ContestFx invites everyone to participate in the following competitions on the demo accounts:

112th competition just started in July "Demo Forex" and 266th "Week with CFD".
08.07.2020 starts at 12:00 - 396th "Trade Day".
09.07.2020 starts at 20:00 - 316th "KingSize MT5".

If you've never been member of our trading battles, we invite you to join them. To take part, only once just go through the simple registration method, after that, you can connect to any competition in just a few mouse clicks.

Join Now!

Sincerely,
RoboForex Contest