Patterns Recognizer
Technical analysts in the Forex market found that by observing the candlesticks patterns, there are recurring patterns on the candlestick charts. Such patterns are like recurring pictures on the candlestick charts and they tend to occur when a trend is about to end or reverse its direction. The patterns are a very good visual representation of the price movements and it give traders a good view of what is likely to happen next in the market.
Why are candlesticks patterns important? The answer for this question is quite simple because candlesticks represent true status of what is going on in the market at the current moment. If a candlestick range is tight, this means that the market range for the trading day was very tight. If this narrow candle range appears after a strong up-trend, it may be a strong indication that the market there is a bearish power have now entered the market more aggressively, and it's strongly suggesting that the price may fall down.
Finally, candlesticks patterns can be easily used to determine potential reversals of the current trends in the market - most likely when used at the same time with other technical indicators. By constantly observing the candlestick patterns, traders can observe potential reversals of trends and have good opportunities to join the market with strong indication of what will go on next learn more through http://www.forexgen.com
Friday, May 2, 2008
Pair’s Hedging Detector
Pair’s Hedging Detector
In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces everyday. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.
In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces everyday. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.
learn more through http://www.forexgen.com/
Pivot Calculator
The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
learn more through http://www.forexgen.com
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
learn more through http://www.forexgen.com
Quick Review
Quick Review
Pip (or Points) is a term used in Forex market to indicate the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).
Lot or Contract is the standard unit of trading on certain exchange
Pip (or Points) is a term used in Forex market to indicate the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).
Lot or Contract is the standard unit of trading on certain exchange
learn more through http://www.forexgen.com/
Pip value calculator
Pip Value Calculator
Pip value constantly changes according to the market currency price for indirect currency pairs.
Kindly enter the current value of the bid/ask of your desired pair in the price box then press retrieve button to get the pair pip value in dollar
Instructions
You may input any prices you need in the second column of the table. If you are using non-standard lots, you may input the size of your lot in the bottom cell.
Other currencies with same USD pip value EUR/USD GBP/USD, AUD/USD USD/JPY EUR/JPY, GBP/JPY, AUD/JPY USD/CHF EUR/CHF, and GBP/CHF USD/CAD EUR/CAD
learn more through http://www.forexgen.com/
Strategies Tester
Strategies Tester
The Strategy tester main structure will be as the following
Strategy tester will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.
The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.
The strategy tester uses the following two components to carry out its process.
Validator
- Validates the prior used strategy to be applied on the historical data.
- Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.
- Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.
Verifier
- Scoring and ranking the time results from using the strategy.
- Providing the trader with feedbacks on different strategies performance. learn more through http://www.forexgen.com
The Strategy tester main structure will be as the following
Strategy tester will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.
The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.
The strategy tester uses the following two components to carry out its process.
Validator
- Validates the prior used strategy to be applied on the historical data.
- Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.
- Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.
Verifier
- Scoring and ranking the time results from using the strategy.
- Providing the trader with feedbacks on different strategies performance. learn more through http://www.forexgen.com
Trading Optimizer
. Trading Optimizer
The Trading Optimizer's main functionality is to create relations between groups of pairs and finding the best combinations that may produces the best profit in the minimum time possible, this process is performed by sophisticated -state of the art- algorithms which is based on the classification and clustering of correlated pairs resulting in simulating all possible runs in history to get the best combinations.
•The trading optimizer inputs are the pairs’ symbols. While, its outputs are the combinations of the pairs that reached the most expected profit in the history.
In the following screen traders select the desired optimization type:
- Fixed open variable closes
- Variable opens fixed close
- Variable opens variable closes
In the following screen traders selects the desired currency pairs to create all their possible combinations.
The following screen enables traders to select the desired collections of pair’s combination.
The following screen will show all the possible orders’ directions according to the determined combination size.
In the following screen the determined directions will be applied on the pairs’ combinations.
In the following screen traders will select the desired combinations to be optimized.
In the following screen the combinations’ profitability will be represented graphically on the chart.
In the following screen the combinations’ profitability will be represented graphically on the chart. learn more through http://www.forexgen.com
The Trading Optimizer's main functionality is to create relations between groups of pairs and finding the best combinations that may produces the best profit in the minimum time possible, this process is performed by sophisticated -state of the art- algorithms which is based on the classification and clustering of correlated pairs resulting in simulating all possible runs in history to get the best combinations.
•The trading optimizer inputs are the pairs’ symbols. While, its outputs are the combinations of the pairs that reached the most expected profit in the history.
In the following screen traders select the desired optimization type:
- Fixed open variable closes
- Variable opens fixed close
- Variable opens variable closes
In the following screen traders selects the desired currency pairs to create all their possible combinations.
The following screen enables traders to select the desired collections of pair’s combination.
The following screen will show all the possible orders’ directions according to the determined combination size.
In the following screen the determined directions will be applied on the pairs’ combinations.
In the following screen traders will select the desired combinations to be optimized.
In the following screen the combinations’ profitability will be represented graphically on the chart.
In the following screen the combinations’ profitability will be represented graphically on the chart. learn more through http://www.forexgen.com
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