The Jazz team at market edge has put their trading algo online for the first time.
monitor the performance here. Will be updating the thread as soon as membership opens.
MYFXBOOK http://www.myfxbook.com/members/mark...zz-live/973479
The Trading Algo which is one of the most sophisticated fx trading systems in the world runs on the following three mini systems:
1. Northern lights diffusion index: A trading algo based which can be considered an "Advanced Warning Trading System (AWTS)" to trend reversal, trend developement and trend consolidation. This is the heart and soul of Jazz. It works by popping up alerts to the trading system be on the lookout for a change in prevailing dynamics and hence take preventive actions like reducing risk or raising risk on positions in the portfolio. In fact no forex pair will ever develope a new trend without AWTS catching it much before. However AWTS being a warning system can sound many false alarms as well which is fine as it only means we remain alert.
2. Fx Orderboard: Accurate orderbook information is sought by our "ears" on the trading floor on 5 major banks in London. Majority of insti volumes and corporate volumes are routed through them
3. Fx vol meter: This measure level of activity in market. It keeps the trading system out of the market when volume are low and major treasury desks are on holiday. You only want to be trading when there is real activity rather than market manipulation by dealers and brokers.
This is unlike anything you have seen here or anywhere else on the internet for retail traders.
Continue to monitor the myfxbook.
Thanks and Best.
monitor the performance here. Will be updating the thread as soon as membership opens.
MYFXBOOK http://www.myfxbook.com/members/mark...zz-live/973479
The Trading Algo which is one of the most sophisticated fx trading systems in the world runs on the following three mini systems:
1. Northern lights diffusion index: A trading algo based which can be considered an "Advanced Warning Trading System (AWTS)" to trend reversal, trend developement and trend consolidation. This is the heart and soul of Jazz. It works by popping up alerts to the trading system be on the lookout for a change in prevailing dynamics and hence take preventive actions like reducing risk or raising risk on positions in the portfolio. In fact no forex pair will ever develope a new trend without AWTS catching it much before. However AWTS being a warning system can sound many false alarms as well which is fine as it only means we remain alert.
2. Fx Orderboard: Accurate orderbook information is sought by our "ears" on the trading floor on 5 major banks in London. Majority of insti volumes and corporate volumes are routed through them
3. Fx vol meter: This measure level of activity in market. It keeps the trading system out of the market when volume are low and major treasury desks are on holiday. You only want to be trading when there is real activity rather than market manipulation by dealers and brokers.
This is unlike anything you have seen here or anywhere else on the internet for retail traders.
Continue to monitor the myfxbook.
Thanks and Best.