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it was but disapear
RoboForex - company news and official support for customers
- #783
- Aug 12, 2020 8:46am Aug 12, 2020 8:46am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
Double & Triple Top, Double & Triple Bottom Patterns: How to Use in Forex?
Author: Maks Artemov
Dear Traders,
Today, we will discuss popular and rather widespread patterns of graphic analysis Double Top, Triple Top and its opposite – Double Bottom, Triple Bottom.
As we can deduct from the name, these patterns form either at the top or bottom of a trend. Meanwhile, data shows that they can be encountered on all timeframes and chart types (Japanese candlesticks, bars, linear charts). The only difference timeframe-wise is the time that it takes the pattern to form and the time it takes the signal to work off.
These patterns belong to the reversal category – this means that the work-off of the signal normally leads to the reversal of the current trend or, at least, to a deep correction of the price.
Now let us discuss these technical analysis patterns more scrupulously and learn to use them in trading.
Formation rules of the Double & Triple Tops, Double & Triple Bottom patterns
Let us get started with the formation principles of the patterns.
Double Top
A Double Top usually forms at the peak of an uptrend. The larger the timeframe, the more reliable the pattern (this is relevant for all patterns discussed in this article). At the same time, the signal can work off on any timeframe, including M1, M5, etc.
A Double Top pattern looks like two highs formed one after the other. Theoretically, buyers drive the price to the high, and then a part of them starts to lock their positions, thus decreasing the quotations. At this moment, some latecomers cut in, lifting the price to the same high.
The two peaks do not need to be equal, point to point, but they need to look like two mountain tops. Then the first buyers start taking profits, the price starts declining, and the second wave has nothing to do but to close positions with a loss or a minimal profit.
As a result, the quotations drop, and the actual trend changes direction. The support level in this case is the low formed between the two bottoms. This is the starting point for trading and calculating the potential of the trade. We will talk about entry points a bit later.
Double Top chart pattern
Triple Top
A Triple Top is a slightly modified Double Top. In practice, it forms the following way: after the first two tops form, another group of buyers enters the market hoping for further growth of the price. Indeed, at that moment the quotations do rise to a high and even may renew the previous highs, but this is it.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author: Maks Artemov
Dear Traders,
Today, we will discuss popular and rather widespread patterns of graphic analysis Double Top, Triple Top and its opposite – Double Bottom, Triple Bottom.
As we can deduct from the name, these patterns form either at the top or bottom of a trend. Meanwhile, data shows that they can be encountered on all timeframes and chart types (Japanese candlesticks, bars, linear charts). The only difference timeframe-wise is the time that it takes the pattern to form and the time it takes the signal to work off.
These patterns belong to the reversal category – this means that the work-off of the signal normally leads to the reversal of the current trend or, at least, to a deep correction of the price.
Now let us discuss these technical analysis patterns more scrupulously and learn to use them in trading.
Formation rules of the Double & Triple Tops, Double & Triple Bottom patterns
Let us get started with the formation principles of the patterns.
Double Top
A Double Top usually forms at the peak of an uptrend. The larger the timeframe, the more reliable the pattern (this is relevant for all patterns discussed in this article). At the same time, the signal can work off on any timeframe, including M1, M5, etc.
A Double Top pattern looks like two highs formed one after the other. Theoretically, buyers drive the price to the high, and then a part of them starts to lock their positions, thus decreasing the quotations. At this moment, some latecomers cut in, lifting the price to the same high.
The two peaks do not need to be equal, point to point, but they need to look like two mountain tops. Then the first buyers start taking profits, the price starts declining, and the second wave has nothing to do but to close positions with a loss or a minimal profit.
As a result, the quotations drop, and the actual trend changes direction. The support level in this case is the low formed between the two bottoms. This is the starting point for trading and calculating the potential of the trade. We will talk about entry points a bit later.
Double Top chart pattern
Triple Top
A Triple Top is a slightly modified Double Top. In practice, it forms the following way: after the first two tops form, another group of buyers enters the market hoping for further growth of the price. Indeed, at that moment the quotations do rise to a high and even may renew the previous highs, but this is it.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
- #784
- Aug 14, 2020 7:08am Aug 14, 2020 7:08am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
Trader's Psychology: How to Conquer Fear?
Author: Timofey Zuev
Dear Traders,
Psychology is an important part of a trader's success in the Forex market. Control over emotions (anxiety and trader's fear) is an intrinsic part of any trading strategy.
Why is the trader's psychology important?
The thing is that the trading in Forex implies dealing with money and facing high risks of losses. In modern life, a person spends most of their time earning money for satisfying their material and non-material needs. When you work in a certain structure for a wage and do not worry that you will not get paid at all if you make a mistake; however, in Forex, it is quite different:
Author: Timofey Zuev
Dear Traders,
Psychology is an important part of a trader's success in the Forex market. Control over emotions (anxiety and trader's fear) is an intrinsic part of any trading strategy.
Why is the trader's psychology important?
The thing is that the trading in Forex implies dealing with money and facing high risks of losses. In modern life, a person spends most of their time earning money for satisfying their material and non-material needs. When you work in a certain structure for a wage and do not worry that you will not get paid at all if you make a mistake; however, in Forex, it is quite different:
- Firstly, to start trading, you need to open a deposit, i.e. deposit your money on your account.
- Secondly, each open trade is a risk of losing a part of the deposit.
- Thirdly, if trading goes offhand, the trader will not only make no profit but lose; in other words, they will not only get a “wage” but will remain without the means of receiving this “wage” in the future.
Thus, the trader’s attitude to money is extremely emotional due both to the risk of losing it and the perspective of making it. Excessive emotions in trading entail both losses and a profit lower than expected.
To become an expert in some sphere, you need to carry out certain duties without useless emotions. When you come to work, you leave your family affairs at home; moreover, you do not worry about each of your operations, you just carry on with what you are to do. Your attitude to trading in Forex must be the same: your trading must be a monotonous sequence of tasks completed. All you need is to disengage yourself from the money and concentrate on carrying out a high-quality trade.
The influence of emotions on the trader’s
Let us discuss the main emotions that a trader may feel at work and must control firmly. As they say, you should know the face of your enemy.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
- #785
- Aug 16, 2020 9:03pm Aug 16, 2020 9:03pm
- | Commercial User | Joined Dec 2015 | 2,690 Posts
Get 90% Rebates Back, No Mark UP--->Check PIPREBATES--.--com
- #787
- Aug 18, 2020 8:20am Aug 18, 2020 8:20am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
Goal Setting in Trading: How to Set Process Goals?
Author: Timofey Zuev
Dear Traders,
Let us talk about such a thing as goal-setting in trading. Today, everyone advises you to place goals and even visualize them to let out the powers of your subconscious. Well, your subconscious is a much more complicated mechanism than described in popular psychology books, so we will leave those recommendations out and turn to practical experience.
There are two types of goals in trading – financial and process. A financial goal motivates a trader by a potential profit, while a process goal – by scrupulously completing the trading plan.
Life shows that there is only one group of traders that can afford to place financial goals – they are experts. For all other traders, process goals will be much more efficient.
In fact, for experts, following the financial plan is also the number one goal but financial motives may push them further forward and increase working efficiency. The complicated part of trading is that money is both the measure of the result and a reward for it. This is different from, for example, sports where a sportsperson gains points but also gets a reward that depends on the point quite indirectly.
All in all, as long as in trading, the process and result are intertwined, the trader needs to separate the process from anything else and focus on it. This is not that simple, of course, because the completion of the plan depends on the ability to perform repeated actions calmly, even if they lead to a series of losing trades.
Process approach to goal-setting in trading
In a lecture, Alexander Elder spoke about his friend who had used to be a losing trader but some time later became one of the most successful managers. When asked about his secret, the man explained that he succeeded after he imagined that he had a boss living in the Bahamas who paid him for completing trades by a certain plan, not for the sums he earned. He imagined that even he made money at the expense of violating the plan, his boss would not pay him; conversely, if he lost money following the plan, the boss would pay.
This logic is a perfect representation of the process approach to trading. When I am asked: “What profit characterizes an expert in trading?”, I reply that profits do not characterize a trader at all. In the short term, a profit may demonstrate a random coincidence of the trader’s action and the market state; also, keep in mind that the trader’s task is not to make money in the short term but to survive in the market and keep earning in the medium/long term. This is a sign of a successful method/system and compliance with it; this should be called professional trading.
How to set process goals in trading?
A goal “to trade as well as I can” is not a goal at all, it is formulated non-specifically, and we know that non-specific goals are very hard to reach. A process goal must deal with specific skills that you would like to develop and specific habits that you would like to change.
To find out what exactly you lack or what hinders your work, try logging your trading, writing down your results, and commenting on your decisions. A bit later you will see what needs correcting.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author: Timofey Zuev
Dear Traders,
Let us talk about such a thing as goal-setting in trading. Today, everyone advises you to place goals and even visualize them to let out the powers of your subconscious. Well, your subconscious is a much more complicated mechanism than described in popular psychology books, so we will leave those recommendations out and turn to practical experience.
There are two types of goals in trading – financial and process. A financial goal motivates a trader by a potential profit, while a process goal – by scrupulously completing the trading plan.
Life shows that there is only one group of traders that can afford to place financial goals – they are experts. For all other traders, process goals will be much more efficient.
In fact, for experts, following the financial plan is also the number one goal but financial motives may push them further forward and increase working efficiency. The complicated part of trading is that money is both the measure of the result and a reward for it. This is different from, for example, sports where a sportsperson gains points but also gets a reward that depends on the point quite indirectly.
All in all, as long as in trading, the process and result are intertwined, the trader needs to separate the process from anything else and focus on it. This is not that simple, of course, because the completion of the plan depends on the ability to perform repeated actions calmly, even if they lead to a series of losing trades.
Process approach to goal-setting in trading
In a lecture, Alexander Elder spoke about his friend who had used to be a losing trader but some time later became one of the most successful managers. When asked about his secret, the man explained that he succeeded after he imagined that he had a boss living in the Bahamas who paid him for completing trades by a certain plan, not for the sums he earned. He imagined that even he made money at the expense of violating the plan, his boss would not pay him; conversely, if he lost money following the plan, the boss would pay.
This logic is a perfect representation of the process approach to trading. When I am asked: “What profit characterizes an expert in trading?”, I reply that profits do not characterize a trader at all. In the short term, a profit may demonstrate a random coincidence of the trader’s action and the market state; also, keep in mind that the trader’s task is not to make money in the short term but to survive in the market and keep earning in the medium/long term. This is a sign of a successful method/system and compliance with it; this should be called professional trading.
How to set process goals in trading?
A goal “to trade as well as I can” is not a goal at all, it is formulated non-specifically, and we know that non-specific goals are very hard to reach. A process goal must deal with specific skills that you would like to develop and specific habits that you would like to change.
To find out what exactly you lack or what hinders your work, try logging your trading, writing down your results, and commenting on your decisions. A bit later you will see what needs correcting.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
- #788
- Aug 20, 2020 8:59am Aug 20, 2020 8:59am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
Murrey math lines: how to set and trade them
Author: Andrey Goilov
Dear Traders,
The Murrey math lines indicator adds horizontal support and resistance lines on a price chart, which, as the author believes, are able to hint at reversals. These lines also provide traders with an understanding of the current market tendency and allows them to see whether there is a potential for a trend reversal.
Murrey math lines indicator - NZD/USD
There is an opinion that a trading system based on horizontal Murrey line can provide excellent signals on any type of markets – currency, stock, and even crypto. According to Murrey himself, large investors will behave in the same way in all kinds of markets. Moreover, they can work with the lines on different timeframes, which is an excellent opportunity to follow their capital management rules regardless of the deposit amount.
What is the gist of Murrey math lines?
Murrey math lines are based on the approach and observations that were made by William Gann, who was famous for his perfect forecasts with the use of different kinds of market symmetry, and one of the most famous technical analysis tools is called Gann Angles. The author himself had significantly adjusted the system and made it easier and clearer for ordinary investors.
In Murrey’s opinion, markets will start corrections at some particular price levels, breakouts of and returns to which may provide traders good signals for opening positions. Regardless of the current market trend, the price must either rebound from the level or break the key level, which will point at a boost of the actual trend.
Murrey emphasized 8 price levels, marked from [0/8] to [8/8], with [0/8], [4/8], and [8/8] being the most important.
Murrey math lines indicator - 8 price levels
Parameters and setting of Murrey math lines indicator
At present, most indicators based on this trading strategy set lines automatically and can show not only lines themselves but, in other words, also display scenarios of possible behaviors of traders at the time the price tests these lines. After adding the indicator to a price chart, we will see 9 lines with [4/8] in the center. As a rule, a classic indicator for MetaTrader 4 and MetaTrader 5 trading terminals has only two parameters:
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author: Andrey Goilov
Dear Traders,
The Murrey math lines indicator adds horizontal support and resistance lines on a price chart, which, as the author believes, are able to hint at reversals. These lines also provide traders with an understanding of the current market tendency and allows them to see whether there is a potential for a trend reversal.
Murrey math lines indicator - NZD/USD
There is an opinion that a trading system based on horizontal Murrey line can provide excellent signals on any type of markets – currency, stock, and even crypto. According to Murrey himself, large investors will behave in the same way in all kinds of markets. Moreover, they can work with the lines on different timeframes, which is an excellent opportunity to follow their capital management rules regardless of the deposit amount.
What is the gist of Murrey math lines?
Murrey math lines are based on the approach and observations that were made by William Gann, who was famous for his perfect forecasts with the use of different kinds of market symmetry, and one of the most famous technical analysis tools is called Gann Angles. The author himself had significantly adjusted the system and made it easier and clearer for ordinary investors.
In Murrey’s opinion, markets will start corrections at some particular price levels, breakouts of and returns to which may provide traders good signals for opening positions. Regardless of the current market trend, the price must either rebound from the level or break the key level, which will point at a boost of the actual trend.
Murrey emphasized 8 price levels, marked from [0/8] to [8/8], with [0/8], [4/8], and [8/8] being the most important.
Murrey math lines indicator - 8 price levels
Parameters and setting of Murrey math lines indicator
At present, most indicators based on this trading strategy set lines automatically and can show not only lines themselves but, in other words, also display scenarios of possible behaviors of traders at the time the price tests these lines. After adding the indicator to a price chart, we will see 9 lines with [4/8] in the center. As a rule, a classic indicator for MetaTrader 4 and MetaTrader 5 trading terminals has only two parameters:
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
- #790
- Aug 25, 2020 3:09am Aug 25, 2020 3:09am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
RoboForex: important information regarding Apple and Tesla stock splits on August 31st, 2020
Dear Clients and Partners,
On August 31st, 2020, Apple (AAPL) and Tesla (TSLA) will have their stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a specific multiplier and reduces the value of each share by that multiplier.
Apple will have a 4-for-1 stock split (1 share will be split into 4), while Tesla – 5-for-1 (1 share will be split into 5).
If you have open positions in Apple and Tesla shares or plan to open such positions, please pay attention to the following changes, which will be effective as of August 31st, 2020:
MetaTrader 4 / MetaTrader 5 accounts
The split procedure will take place during the weekend, August 29th and 30th.
Dear Clients and Partners,
On August 31st, 2020, Apple (AAPL) and Tesla (TSLA) will have their stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a specific multiplier and reduces the value of each share by that multiplier.
Apple will have a 4-for-1 stock split (1 share will be split into 4), while Tesla – 5-for-1 (1 share will be split into 5).
How it will influence positions and orders?
If you have open positions in Apple and Tesla shares or plan to open such positions, please pay attention to the following changes, which will be effective as of August 31st, 2020:
MetaTrader 4 / MetaTrader 5 accounts
The split procedure will take place during the weekend, August 29th and 30th.
- All pending orders (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss, and Take Profit) in AAPL and TSLA will be canceled.
- For positions in AAPL, the opening price will be divided by 4.
- For positions in TSLA, the opening price will be divided by 5.
- The volume of each open position in AAPL will be multiplied by 4.
- The volume of each open position in TSLA will be multiplied by 5.
Please note that if you are using an Expert Advisor (EA), we suggest that you check with its developers whether its code needs any modifications to ensure correct interpretation of the price data after the stock split.
R Trader accounts
The split procedure will take place on August 31st at 3:00 PM server time.
- During the split procedure, all active pending order (Buy Limit, Sell Limit, Stop Loss, and Take Profit) in AAPL, AAPL.nq, TSLA, and TSLA.nq will be canceled.
- For positions in AAPL and AAPL.nq opened before 3:00 PM server time, the opening price will be divided by 4.
- For positions in TSLA and TSLA.nq opened before 3:00 PM server time, the opening price will be divided by 5.
- The volume of all open positions in AAPL and AAPL.nq will be multiplied by 4.
- The volume of all open positions in TSLA and TSLA.nq will be multiplied by 5.
- All positions in any of these instruments in the same direction and on the same account will be combined into one new position. This new position will have the opening price and a volume based on an average weighted price of all positions held before the split.
The historical charts in your trading terminal will be updated to reflect the new prices of the above-mentioned instruments.
All other aspects of trading conditions shall remain intact. Please, take into account this information when planning your trading activity.
Sincerely,
RoboForex team
- #791
- Aug 26, 2020 6:06am Aug 26, 2020 6:06am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
RoboForex: changes in trading schedule (Late Summer Bank Holiday in the United Kingdom)
Dear Clients and Partners,
We’re informing you that due to the public holiday in the United Kingdom (Late Summer Bank Holiday) on August 31st 2020, several instruments will be traded according to the changed schedule*.
MetaTrader 4 / MetaTrader 5 platforms
Trading schedule on Russian GDRs
Dear Clients and Partners,
We’re informing you that due to the public holiday in the United Kingdom (Late Summer Bank Holiday) on August 31st 2020, several instruments will be traded according to the changed schedule*.
MetaTrader 4 / MetaTrader 5 platforms
Trading schedule on Russian GDRs
- August 31st, 2020 - no trading.
- September 1st, 2020 - trading starts as usual.
R Trader platform
Trading schedule on CFDs on UK stocks
- August 31st, 2020 - no trading.
- September 1st, 2020 - trading starts as usual.
Trading schedule on CFDs on UK100 index
- August 31st, 2020 - no trading.
- September 1st, 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
- #792
- Aug 28, 2020 8:14am Aug 28, 2020 8:14am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
What Psychological Traps Do Beginner Traders Face? What Stands in Their Way to Success?
Author: Timofey Zuev
Let us get started with the simplest questions: how did you find yourself in Forex? What was the reason for you to get interested in such a thing? One of the most popular ways of attracting an untutored searcher of new money sources must be to promise them a quick and easy-to-make profit. Indeed, the Internet is full of ads assuring you that making money in Forex is nice and easy; however, it is not.
Of course, one has to get up really early in the morning to fool such serious-minded and clear-headed people like us: we know that there are no free lunches. However, the more you try to ignore the ads, the more curious you become: how do people make money in Forex? This is the starting point where a beginner makes their first step from simple to complicated techniques, from mere curiosity to engrossing passion. Today, the amount of free information about trading and earning is virtually unlimited: read, study, and try. Imagine how delighted you will be to make your first profit on a demo account!
With your cheeks flaming, you start calculating what profit you could have made on a real account, and how much it would amount to monthly or annually. You make a wide gesture and deposit your money on a real account. Alas, after your first success or even without it you lose your money. It damps your ardor but you realize that there must be a reason for your losses and recall seeing an ad somewhere promising to teach you how to trade in a fortnight. You rush there.
A new step in your studies begins: you learn about indicators, patterns, trends, support and resistance, trading systems, money management, psychology, and other useful things and novelties. Simultaneously, your teachers tell you that in fact, things are simple. Indeed, you succeed again: your demo account is growing, and what you have learned really works. No need to repeat that you deposit your money on a real account – and return to where you got started…
Why do beginners drain their deposits?
There are several answers to the question.
Reason one
Your learning is just a part of your way, the necessary minimum that you need to start making money. The market moves either up or down (for now, we will neglect the times of consolidation). Hence, the first half of beginners will end up with a profit while the second half – with a loss. This first half will immediately open a real account and lose the deposit. Meanwhile, the second half will go on learning, being sure that their effort was not enough – however, they will also open a real account later, explaining their previous losses by a lack of knowledge and experience.
Reason two
All learning, especially in a dealing center, is a kind of hypnosis. As soon as you read something, you immediately start looking for confirmation of the information on charts – and, curiously, you find them. On the other hand, your teachers leave out the cases when you could suffer losses in the same circumstances. When a beginner opens the terminal and tries trading in accordance with the information studied, one of the two things happen: they either make a profit and fill with enthusiasm – or suffer a loss and start thinking something like: “My gosh, I should not have entered here!” or “On the longer timeframe it was okay but on the smaller one I entered counter the trend!” or “I did it right except for the Stop Loss, it was too short!” or “Why on earth did I wait? I should have closed it with a profit!” or something else of the kind. There might be thousands of explanations, however, not many will admit that the strategy was erratic from the start.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author: Timofey Zuev
Dear Traders,
Let us get started with the simplest questions: how did you find yourself in Forex? What was the reason for you to get interested in such a thing? One of the most popular ways of attracting an untutored searcher of new money sources must be to promise them a quick and easy-to-make profit. Indeed, the Internet is full of ads assuring you that making money in Forex is nice and easy; however, it is not.
Of course, one has to get up really early in the morning to fool such serious-minded and clear-headed people like us: we know that there are no free lunches. However, the more you try to ignore the ads, the more curious you become: how do people make money in Forex? This is the starting point where a beginner makes their first step from simple to complicated techniques, from mere curiosity to engrossing passion. Today, the amount of free information about trading and earning is virtually unlimited: read, study, and try. Imagine how delighted you will be to make your first profit on a demo account!
With your cheeks flaming, you start calculating what profit you could have made on a real account, and how much it would amount to monthly or annually. You make a wide gesture and deposit your money on a real account. Alas, after your first success or even without it you lose your money. It damps your ardor but you realize that there must be a reason for your losses and recall seeing an ad somewhere promising to teach you how to trade in a fortnight. You rush there.
A new step in your studies begins: you learn about indicators, patterns, trends, support and resistance, trading systems, money management, psychology, and other useful things and novelties. Simultaneously, your teachers tell you that in fact, things are simple. Indeed, you succeed again: your demo account is growing, and what you have learned really works. No need to repeat that you deposit your money on a real account – and return to where you got started…
Why do beginners drain their deposits?
There are several answers to the question.
Reason one
Your learning is just a part of your way, the necessary minimum that you need to start making money. The market moves either up or down (for now, we will neglect the times of consolidation). Hence, the first half of beginners will end up with a profit while the second half – with a loss. This first half will immediately open a real account and lose the deposit. Meanwhile, the second half will go on learning, being sure that their effort was not enough – however, they will also open a real account later, explaining their previous losses by a lack of knowledge and experience.
Reason two
All learning, especially in a dealing center, is a kind of hypnosis. As soon as you read something, you immediately start looking for confirmation of the information on charts – and, curiously, you find them. On the other hand, your teachers leave out the cases when you could suffer losses in the same circumstances. When a beginner opens the terminal and tries trading in accordance with the information studied, one of the two things happen: they either make a profit and fill with enthusiasm – or suffer a loss and start thinking something like: “My gosh, I should not have entered here!” or “On the longer timeframe it was okay but on the smaller one I entered counter the trend!” or “I did it right except for the Stop Loss, it was too short!” or “Why on earth did I wait? I should have closed it with a profit!” or something else of the kind. There might be thousands of explanations, however, not many will admit that the strategy was erratic from the start.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
- #794
- Aug 31, 2020 8:44am Aug 31, 2020 8:44am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
RoboForex: changes in trading schedule (Labor Day in the USA)
Dear Clients and Partners,
We’re informing you that due to the Labor 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)
Dear Clients and Partners,
We’re informing you that due to the Labor 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)
- September 7th, 2020 - trading stops at 7:45 PM server time.
- September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US500Cash, US30Cash, USTechCash) and Japanese index JP225Cash
- September 7th, 2020 - trading stops at 7:45 PM server time.
- September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks
- September 7th, 2020 - no trading.
- September 8th, 2020 - trading starts as usual.
R Trader platform
Trading schedule on US stocks and ETFs
- September 7th, 2020 - no trading.
- September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks and ETFs
- September 7th, 2020 - no trading.
- September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US500, US30, NAS100)
- September 7th, 2020 - no trading.
- September 8th, 2020 - trading starts as usual.
Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (BRENT.oil, WTI.oil)
- September 7th, 2020 - trading stops at 7:45 PM server time.
- September 8th, 2020 - trading starts as usual.
cTrader platform
Trading schedule on Metals (XAUUSD, XAGUSD)
- September 7th, 2020 - trading stops at 7:45 PM server time.
- September 8th, 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
- #795
- Sep 2, 2020 8:27am Sep 2, 2020 8:27am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
Trading by Midnight Strategy: Describing on Examples
Author: Andrey Goilov
Dear Traders,
First and foremost, I would mention that many traders mix up the Midnight and Insomnia strategies. These are two different trading methods. In Insomnia, we trade on H1; however, in case of Midnight trading strategy, we work on daily charts.
By Midnight, you enter the market about midnight, at the beginning of a new trading day – this peculiarity gave the trading strategy its name. The trader does not need much time for chart analysis because they work on D1 where changes are scarce.
The method is based on the fact that you cannot find two subsequent candlesticks that would be identical: each one is either higher or lower than the previous one. Thanks to the timeframe being large, we eliminate price noises that is abundant on hourly timeframes. Note that in lengthy flats and reversals the system might give false signals. Traders recommend to skip such situations and remain out of the market.
What do you need to trade by Midnight?
The strategy requires volatile instruments. Normally, investors choose GBP/USD but you may try other instruments. As you remember, you can select a currency pair for any strategy and adapt the latter to your preferences.
Trade on daily charts only, never use the strategy on hourly timeframes. The main reason is the lack of unwanted price movements: the smaller the timeframe, the more noises you will have to analyze before making up your mind. The larger the timeframe, the more efficient is each signal – just note that many authors teaching tech analysis use only daily or larger timeframes in their books.
You do not need any additional indicators, we will only be using the price chart. Many traders state that it is the price chart that reflects the real market situation while indicators are just following the price and cannot give high-quality signals because they lag a lot.
How to open a trade by the Midnight strategy?
At midnight sharp, as soon as the candlestick of a new trading day forms, evaluate the size of the previous candlestick. If it is smaller than 90 points, the shadow included, avoid opening a trade. This is the recommendation for GBP/USD; hence, the height of the candlestick for EUR/USD may be smaller. Authors recommend to change this parameter after studying the behavior of your pair for some time.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author: Andrey Goilov
Dear Traders,
First and foremost, I would mention that many traders mix up the Midnight and Insomnia strategies. These are two different trading methods. In Insomnia, we trade on H1; however, in case of Midnight trading strategy, we work on daily charts.
By Midnight, you enter the market about midnight, at the beginning of a new trading day – this peculiarity gave the trading strategy its name. The trader does not need much time for chart analysis because they work on D1 where changes are scarce.
The method is based on the fact that you cannot find two subsequent candlesticks that would be identical: each one is either higher or lower than the previous one. Thanks to the timeframe being large, we eliminate price noises that is abundant on hourly timeframes. Note that in lengthy flats and reversals the system might give false signals. Traders recommend to skip such situations and remain out of the market.
What do you need to trade by Midnight?
The strategy requires volatile instruments. Normally, investors choose GBP/USD but you may try other instruments. As you remember, you can select a currency pair for any strategy and adapt the latter to your preferences.
Trade on daily charts only, never use the strategy on hourly timeframes. The main reason is the lack of unwanted price movements: the smaller the timeframe, the more noises you will have to analyze before making up your mind. The larger the timeframe, the more efficient is each signal – just note that many authors teaching tech analysis use only daily or larger timeframes in their books.
You do not need any additional indicators, we will only be using the price chart. Many traders state that it is the price chart that reflects the real market situation while indicators are just following the price and cannot give high-quality signals because they lag a lot.
How to open a trade by the Midnight strategy?
At midnight sharp, as soon as the candlestick of a new trading day forms, evaluate the size of the previous candlestick. If it is smaller than 90 points, the shadow included, avoid opening a trade. This is the recommendation for GBP/USD; hence, the height of the candlestick for EUR/USD may be smaller. Authors recommend to change this parameter after studying the behavior of your pair for some time.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
- #796
- Sep 3, 2020 8:01am Sep 3, 2020 8:01am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
RoboForex offers sponsored VPS on MT5 accounts
Dear Clients and Partners,
RoboForex is launching a program of Sponsored VPS for those of you who have MetaTrader 5 accounts. Starting September 1st through December 31st, feel free to use a VPS server MetaQuotes, integrated in the platform, at the company’s expense. Normal fee is 15 USD a month.
MT5-integrated
Orders and settings of MetaQuotes come directly from your trading terminal by several clicks. After you set up the VPS, all the expert advisors in your terminal will start working incessantly. You have no need to reinstall the terminal, set up the expert advisors and, more importantly, stop their work.
24/7 work
You will not need to worry about unexpected power cuts or Internet connection failures. Your subscribes and robots will work 24/7, even if you shut down MetaTrader 5 on your PC.
Network lagging minimized
MetaQuotes VPS is selected for you based on the proximity to the main server at the minimal ping; hence, network lagging in sending orders decreases.
To take part in the program, you need to comply with one of the following requirements:
Sincerely,
RoboForex team
Dear Clients and Partners,
RoboForex is launching a program of Sponsored VPS for those of you who have MetaTrader 5 accounts. Starting September 1st through December 31st, feel free to use a VPS server MetaQuotes, integrated in the platform, at the company’s expense. Normal fee is 15 USD a month.
Why MetaQuotes VPS?
MT5-integrated
Orders and settings of MetaQuotes come directly from your trading terminal by several clicks. After you set up the VPS, all the expert advisors in your terminal will start working incessantly. You have no need to reinstall the terminal, set up the expert advisors and, more importantly, stop their work.
24/7 work
You will not need to worry about unexpected power cuts or Internet connection failures. Your subscribes and robots will work 24/7, even if you shut down MetaTrader 5 on your PC.
Network lagging minimized
MetaQuotes VPS is selected for you based on the proximity to the main server at the minimal ping; hence, network lagging in sending orders decreases.
To take part in the program, you need to comply with one of the following requirements:
- Deposit 500 USD (or its equivalent in another currency) to your account at once.
- Have a balance of no less than 500 USD at 00:00 server time on the first day of a new month.
After you fulfill the requirements correctly, you will receive a confirmation e-mail with further instructions.
For more detail, see the Rules of the program.
Add a VPS
on the expense of RoboForex
Sincerely,
RoboForex team
- #798
- Sep 8, 2020 8:13am Sep 8, 2020 8:13am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
Trading with the Donchian Channel Indicator
Author: Victor Gryazin
Dear Traders,
In this review, we will get acquainted with a quite simple and useful indicator called Donchian Channel. This is the indicator that the famous Turtle trend strategy is based on.
How does the Donchian Channel work?
The Donchian Channel is quite a simple channel indicator reflecting the borders of price fluctuation in a preset time interval. The indicator was named after its creator, a famous exchange trader of Armenian origin Richard Donchian.
The indicator looks like a price channel with an upper and lower borders, inside which the quotation fluctuate. To draw a border, the Donchian Channel calculates the latest extremes, taking the highest high and the lowest low of the period.
The indicator acquired popularity after a trend strategy called Turtle Trading System was based on it. This famous strategy by Richard Dennis uses a breakaway of the Donchian Channel’s border with the period of 20 days as the entry point. A group of beginner traders demonstrated good results following this strategy.
In essence, the Donchian Channel may be called an indicator of volatility because it is based on calculating the price range based on recent highs and lows. The wider the channel, the higher the current volatility; when the channel narrows down, the volatility of the instrument temporarily decreases.
Installing and setting up the indicator
The Donchian Channel is included not in every trading terminal; hence, you might need to download a file of the indicator and set it up in your terminal. You can download the indicator for MetaTrader 4 by a link in the end of this article.
To install the indicator, copy the file to the Indicators folder. Via the Main Menu, open File/Open data catalog/MQL 4/Indicators, copy the file, and restart the terminal.
As a result, the Donchian Channel will appear on the list of user indicators and will become available for the charts of your instruments: open Insert/Indicators/User/Donchian Channel. Or just left-click the indicator in the Navigate window and drag to the chart.
The calculations are quite simple
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author: Victor Gryazin
Dear Traders,
In this review, we will get acquainted with a quite simple and useful indicator called Donchian Channel. This is the indicator that the famous Turtle trend strategy is based on.
How does the Donchian Channel work?
The Donchian Channel is quite a simple channel indicator reflecting the borders of price fluctuation in a preset time interval. The indicator was named after its creator, a famous exchange trader of Armenian origin Richard Donchian.
The indicator looks like a price channel with an upper and lower borders, inside which the quotation fluctuate. To draw a border, the Donchian Channel calculates the latest extremes, taking the highest high and the lowest low of the period.
The indicator acquired popularity after a trend strategy called Turtle Trading System was based on it. This famous strategy by Richard Dennis uses a breakaway of the Donchian Channel’s border with the period of 20 days as the entry point. A group of beginner traders demonstrated good results following this strategy.
In essence, the Donchian Channel may be called an indicator of volatility because it is based on calculating the price range based on recent highs and lows. The wider the channel, the higher the current volatility; when the channel narrows down, the volatility of the instrument temporarily decreases.
Installing and setting up the indicator
The Donchian Channel is included not in every trading terminal; hence, you might need to download a file of the indicator and set it up in your terminal. You can download the indicator for MetaTrader 4 by a link in the end of this article.
To install the indicator, copy the file to the Indicators folder. Via the Main Menu, open File/Open data catalog/MQL 4/Indicators, copy the file, and restart the terminal.
As a result, the Donchian Channel will appear on the list of user indicators and will become available for the charts of your instruments: open Insert/Indicators/User/Donchian Channel. Or just left-click the indicator in the Navigate window and drag to the chart.
The calculations are quite simple
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
- #799
- Sep 11, 2020 8:33am Sep 11, 2020 8:33am
- | Commercial User | Joined Aug 2019 | 1,591 Posts
Heiken Ashi + ADX + Stochastic Trading Strategy
Author: Andrey Goilov
Dear Traders,
Today, we will speak about another trading strategy meant for minute charts, with a potential profit of 10-15 points per trade. The characteristic feature of this strategy is the use of the ADX indicator on small timeframes: normally, it is used on daily charts, as its author advised. However, here, instead of normal Japanese candlesticks, we use Heiken Ashi, which is, again, rather unusual for a simple trading strategy.
What indicators do we need?
To set up the strategy for decent work, we only need three indicators.
Heiken Ashi
First and foremost, install the Heiken Ashi indicator. Many traders say it demonstrates current market trades immaculately. This is traditionally a user indicator, not included in most trading terminals. When you add the indicator to the chart, candlesticks turn red and green.
Red candlesticks mean a downtrend, and many traders recommend selling on such candlesticks only. Conversely, when the indicator turns green, look for buys. In the simplest strategies, traders add the Stochastic Oscillator to confirm the signals of Heiken Ashi.
ADX
The second indicator we will need is ADX, or Average Directional Moving index, which also shows the current market trend. According to the author, if ADX values grow, this indicates a strong trend, while low values signal bout a flat.
ADX indicator Be careful: when the indicator values grow, this just means there is a trend in the market but we do not know whether it is bullish or bearish.
Stochastic Oscillator
The third indicator is the Stochastic Oscillator with the parameters (5, 3, 3) that in many strategies, gives good entry signal by the crossing of its signal lines. Being an oscillator, this indicator shows how far the price has fluctuated from its average values.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author: Andrey Goilov
Dear Traders,
Today, we will speak about another trading strategy meant for minute charts, with a potential profit of 10-15 points per trade. The characteristic feature of this strategy is the use of the ADX indicator on small timeframes: normally, it is used on daily charts, as its author advised. However, here, instead of normal Japanese candlesticks, we use Heiken Ashi, which is, again, rather unusual for a simple trading strategy.
What indicators do we need?
To set up the strategy for decent work, we only need three indicators.
Heiken Ashi
First and foremost, install the Heiken Ashi indicator. Many traders say it demonstrates current market trades immaculately. This is traditionally a user indicator, not included in most trading terminals. When you add the indicator to the chart, candlesticks turn red and green.
Red candlesticks mean a downtrend, and many traders recommend selling on such candlesticks only. Conversely, when the indicator turns green, look for buys. In the simplest strategies, traders add the Stochastic Oscillator to confirm the signals of Heiken Ashi.
ADX
The second indicator we will need is ADX, or Average Directional Moving index, which also shows the current market trend. According to the author, if ADX values grow, this indicates a strong trend, while low values signal bout a flat.
ADX indicator Be careful: when the indicator values grow, this just means there is a trend in the market but we do not know whether it is bullish or bearish.
Stochastic Oscillator
The third indicator is the Stochastic Oscillator with the parameters (5, 3, 3) that in many strategies, gives good entry signal by the crossing of its signal lines. Being an oscillator, this indicator shows how far the price has fluctuated from its average values.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team