Forex High Low Breakout MT4 Indicator – Free MT4 Indicator

BrokerXP Reviews

BrokerXP Reviews

My perspective of How BrokerXP review help me and how can help you also.

In this review, we are taking a look at a trading platform that is used by traders all around the world. BrokerXP offers a varied range of financial products with competitive fees and an easy-to-use trading interface.
With advanced trading tools and charting features.

BrokerXP Slogan

BrokerXP Fees

If trading fees are important to you, then BrokerXP has you covered. BrokerXP offers low spreads that are available to all customers. For forex traders, BrokerXP has no fees at all, this means that you can maximize profits when trading currency pairs. The broker also offers a guaranteed stop-loss order which Is when clients get their stop-loss order rate guaranteed when setting a risk threshold in their position. BrokerXP also offers a 200:1 leverage ratio, which means that for every $1 in your account, you control $200 in the market. So if you are trading and don’t have much capital, you can still generate significant income as your profits can be multiplied by 200x. However, if you are a beginner then it is not advised that you use leverage on your trades. As profits are multiplied, so are losses. Before leveraging, learn the basics and trade using a demo account as this can stop you from losing too much money when you start trading actual capital.

BrokerXP Security

MT4 and BrokerXP have end-to-end encryption that secures trades and funds that are within the trading account itself. Imagine your trading account like a debit card, you wouldn’t put thousands of dollars in your debit card and leave it on a park bench. So when choosing what trading platform you want to go with, make sure that they take the security of your account and funds are serious as you do.
To find more answers please watch this video
https://www.youtube.com/watch?v=VyMdFz8Rh18

BrokerXP MT4

MetaTrader 4 is seen as the flagship trading platform, used by individual traders at home and large institutional investors alike. The platform is available on iPads, iPhones, Android phones, Android tablets, and just about any other web-enabled device. If you want to use the desktop version, instead of the web-app version, then you can download the desktop version and trade from the version. Once you’ve downloaded or loaded the platform, you can log in using your BrokerXP credentials. You can customize the charting interface, changing between light and dark mode, along with some other interface elements. Like with most online platforms, the security flaws come as a result of the customer not securing their side of things. This means that when you are trading, make sure to use long passwords that are difficult to guess and crack. Also, try and avoid trading on public computers as these can lead to your account being compromised.
On MT4 you will notice some phrases on the trading interface, here is some explanation of what they mean. When you see the Symbol tab, this means that you can choose between markets. BrokerXP offers many different trading asset options. You can trade forex, gold, stocks indices, and more. The volume tab is where you decide on your trading size. When you see 1 lot, this is equal to 100,000 units of the base currency. The Type tab is where you decide on your trade execution mode, we advise that you stick to ‘instant execution’ as this will place a trade as soon as your press ‘buy’ or ‘sell’. If you set a ‘pending order’, then the platform will make the trade when the market opens back up. The forex market is open 24/7, so this execution method will rarely be available. Stop-loss is another term that you may see on the MT4 interface, this means that your trades are exited when your profits hit a predetermined point.
Depending on what type of trader you are, the platform will offer you a specific set of charting timeframes that best suit you. For example, if you are day trading you may look at charts on a 10-minute timeframe. MT4 offers charting timeframes for 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, and 1 month. You can also set custom timeframes in case the standard ones are not suitable for your trading technique.
Along with advanced timeframes, MT4 also offers 30 technical indicators such as the Elliot Wave indicator, Bollinger Bands, and pivot points, along with many more. There are also third-party add-ons that can be integrated with the platform in order to customize your interface further. Add-ons like Stealth Orders and Alarm Manager are two of the most popular addons. The first is an extension, Stealth Orders is designed to anonymize trades, with Alarm Manager helping coordinate alerts and notifications. With MT4, you can also create your own extensions using Java API, which is one of the platforms most advantageous features, as it can make everything unique.

BrokerXP Mobile Trading

The MetaTrader 4 mobile app is designed with the main focus being on ease-of-use. The mobile app is packaged with lots of research tools, advanced charts, and watch lists for scanning, with many more features.
When using BrokerXP’s mobile trading app (MT4), the look and feel of the mobile app have the same appearance as the web version. This means that if you know to operate the web-based platform, then the mobile app will be easy for you to grasp. With charting, you are given the same charts that are offered on the web app. However, due to the mobile screen being smaller, carrying out advanced forex analysis may be more difficult on mobile devices. But for making orders, setting stop loss or checking basic tasks, the mobile app is more than capable of doing so. The main benefit of using the mobile app is that you can make trades on the go. You no longer have to be at your computer or office in order to set trades. Let’s say that you make a trade at home then go grocery shopping. Whilst you are out you realize that you didn’t set stop-loss in your rush and your pair is depreciating when you check. Now, you can use your mobile to exit a position immediately, you don’t need to wait until you get home.

BrokerXP Customer Service

BrokerXP has a great dedicated customer service team, they are very professional and offer solutions to all of the problems that you could present them with. If you are a new trader, then you may encounter some problems when trying to get to grips with a new trading platform, so BrokerXP offers extensive educational resources. These educational resources are designed to help people familiarise themselves with the platform and all of the financial assets that are available to be traded on the BrokerXP platform. The MT4 platform also has a customer support team that is able to deal with any questions or issues that you are having on the trading side of things. MT4 also has a community section for traders, where questions about trading can get answered. A community forum is a great place for you to get tips about trading and non-essential things that the customer support team may not need to answer.
For customer service, you could read here and on this link.
To conclude, BrokerXP is one of the best choices for financial asset trading available.
Their low fees and advanced features make it perfect for beginners and pros alike.
For more reviews, you should visit official reviews on the website, Trustpilot and Sitejabber.
We highly suggest visiting also on Patch following links for more info and updated news
https://patch.com/california/los-angeles/calendaevent/20200929/898131/brokerxp-reviews-are-happening
https://patch.com/california/los-angeles/classifieds/announcements/171418/brokerxp-is-having-own-reviews-in-pacific-palisades
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So you wanna trade Forex? - tips and tricks inside

Let me just sum some stuff up for you newbies out there. Ive been trading for years, last couple of years more seriously and i turned my strategies into algorithms and i am currently up to 18 algorithms thats trading for me 24/7. Ive learned alot, listened to hundreds of podcasts and read tons of books + research papers and heres some tips and tricks for any newbie out there.

  1. Strategy - How to... When people say "you need a trading strategy!!" Its because trading is very hard and emotional. You need to stick to your rules at all times. Dont panic and move your stop loss or target unless your rules tell you to. Now how do you make these rules? Well this is the part that takes alot of time. If your rules are very simple (for example: "Buy if Last candles low was the lowest low of the past 10 candles." Lets make this a rule. You can backtest it manually by looking at a chart and going back in time and check every candle. or you can code it using super simple software like prorealtime, MT4 ++ Alot of software is basicly "click and drag" and press a button and it gives you backtest from 10-20-30 years ago in 5 seconds. This is the absolute easiest way to backtest rules and systems. If your trading "pure price action" with your drawn lines and shit, the only way to truly backtest that kind of trading is going in a random forex pair to a random point in time, could be 1 year ago, 1 month ago, 5 years ago.. and then you just trade! Move chart 1 candle at a time, draw your lines and do some "actual trading" and look at your results after moving forward in the chart. If you do not test your strategy your just going in blind, which could be disaster.. Maybe someone told u "this is the correct way to trade" or "this strategy is 90% sure to win every trade!!!" If you think you can do trading without a strategy, then your most likely going to look back at an empty account and wonder why you moved that stop loss or why you didnt take profit etc.. and then your gonna give up. People on youtube, forums, interwebz are not going to give you/sell you a working strategy thats gonna make you rich. If they had a working strategy, they would not give it away/sell it to you.
  2. Money management - How to.... Gonna keep this one short. Risk a small % of your capital on each trade. Dont risk 10%, dont risk 20%. You are going to see loosing trades, your probably gonna see 5-10 loss in a row!! If your trading a 1000$ account and your risking 100$ on each trade (10%) and you loose 5 in a row, your down -50% and probably you cant even trade cus of margin req. Game over.. Now how does one get super rich, super fast, from risking 1-3% of your account on each trade?? Well heres the shocking message: YOU CANT GET RICH FAST FROM TRADING UNLESS YOUR WILLING TO GO ALL IN! You can of course go all in on each trade and if you get em all right, you might get 1000%, then you go all in 1 more time and loose it all... The whole point of trading is NOT going bust. Not loosing everything, cus if you loose it all its game over and no more trading for you.
  3. Find your own trading style.... Everyone is different. You can have an average holding period of 1 month or you could be looking at a 1 min chart and average holding time = 10 minutes. For some, less volatility helps them sleep at night. For others, more volatility gives them a rush and some people crave this. There is no "correct" timeframes, or holding periods, or how much to profit or how much to loose. We are all individuals with different taste in risk. Some dont like risk, others wanna go all in to get rich over night. The smart approach is somewhere in the middle. If you dont risk anything, your not gonna get anything. If you risk everything, your most likely going to loose everything. When people are talking about trading style, this is kinda what that means.
  4. There are mainly 2 ways to trade: Divergence and Convergence. Or in other words: Mean reversion or trend following. Lets talk about them both: Trend following is trying to find a trend and stay with the trend until its over. Mean reversion is the belief that price is too far away from the average XX of price, and sooner or later, price will have to return to its average/mean (hence the name: MEAN reversion). Trend following systems usually see a lower winrate (30-40% winrate with no money management is not uncommon to see when backtesting trend following systems.. You can add good money management to get the winrate % higher. Why is the % winrate so low? Well a market, whatever that market is, tend to get real choppy and nasty right after a huge trend. So your gonna see alot of choppy fake signals that might kill 5-6 trades in a row, until the next huge trend starts which is going to cover all the losses from the small losses before the trend took off. Then you gotta hold that trade until trade is done. How do you define "when trend starts and stops"? Well thats back to point 1, find a strategy. Try defining rules for an entry and exit and see how it goes when you backtest it. For mean reversion the win % is usually high, like 70-90% winrate, but the average winning trade is alot smaller than the average loosing trade. this happens because you are basicly trying to catch a falling knife, or catch a booming rocket. Usually when trading mean reversion, waiting for price to actually reverse can very often leave you with being "too late", so you kinda have to find "the bottom" or "the top" before it actually has bottomed/ topped out and reversed. How can you do this you ask? Well your never going to hit every top or every bottom, but you can find ways to find "the bottom-ish" or "the top-ish", thens ell as soon as price reverts back to the mean. Sometimes your gonna wish you held on to the trade for longer, but again, back to point 1: Backtest your rules and figure that shit out.

Read these 4 points and try to follow them and you are at least 4 steps closer to being a profitable trader. Some might disagree with me on some points but i think for the majority, people are going to agree that these 4 points are pretty much universal. Most traders have done or are doing these things every day, in every trade.
Here is some GREAT material to read: Kevin Davey has won trading championship multiple times and he has written multiple great books, from beginner to advanced level. Recommend these books 100%, for example: Building winning algorithmic trading systems" will give you alot to work with when it comes to all 4 of the above points. Market wizards, Reminiscences of a stock operator are 2 books that are a great read but wont give you much "trading knowledge" that you can directly use for your trading. Books on "The turtles" are great reading. Then you have podcasts and youtube. I would stay away from youtube as much as possible when it comes to "Heres how to use the rsi!!!" or "this strategy will make you rich!!". Most youtube videoes are made by people who wanna sell you a course or a book. Most of this is just pure bullshit. Youtube can very harmfull and i would honestly advice about going there for "strategy adivce" and such. Podcasts tho are amazing, i highly recommend: Better systems trader, Chat with traders, Top traders unplugged, We study billionairs, to name a few :)
Also, on a less funny note.. Please realize that you are, and i am, real fucking stupid and lazy compared to the actual pro's out there. This is why you should not go "all in" on some blind stupid strategy youve heard about. This is why this is indeed VERY FUCKING HARD and most, if not everyone has busted an account or two before realizing just this. Your dumb.. your not going to be super rich within 1 year.. You can not start with 500$ account and make millions! (some might have been able to do this, but know that for every winner, theres 999 loosers behind him that failed... Might work fine first 5 trades, then 1 fuckup tho and ur gone..
And lastly: Try using a backtesting software. Its often FREE!!! (on a demo account) and often so simple a baby could use it. If your trading lines and such there exists web broweser "games" and softwares that lets you go "1 and 1 candle ahead" in random forex pairs and that lets you trade as if its "real" as it goes.
A big backtesting trap however is backtesting "losely" by just drawing lines and looking at chart going "oh i would have taken this trade FOR SURE!! I would have made so much money!!" however this is not actually backtesting, its cherry picking and its biased beyond the grave, and its going to hurt you. Try going 1 candle at a time doing "real and live" trades and see how it goes.

Bonus point!!
many people misunderstands what indicators like the RSI is telling you. Indeed something is "overbought" or "oversold" but only compared to the last average of xx amounts of bars/candles.
It doesn't tell you that RIGHT NOW is a great time to sell or buy. It only tells you that the math formula that is RSI, gives you a number between 1-100, and when its above 70 its telling you that momentum is up compared to the last average 14 candles. This is not a complete buy/sell signal. Its more like a filter if anything. This is true for MOST indicators. They INDICATE stuff. Dont use them as pure buy/sell signals.. At least backtest that shit first! Your probably gonna be shocked at the shitty results if you "buy wehn rsi is undeer 30 and sell when RSI is above 70".

Editedit: Huge post already, why not copy paste my comment with an example showing the difference in trend following vs mean reversion:
The thing about trend following is that we never know when a trade starts and when it ends. So what often happens is that you have to buy every breakout going up, but not every breakout is a new trend. Lets do an example. Check out the photo i included here: https://imageshost.eu/image/image.RcC

THE PHOTO IS JUST AN EXAMPLE THAT SHOWS WHY A TYPICAL TREND FOLLOWING STRATEGY HAVE A "LOW" WINRATE.
THE PHOTO IS NOT SHOWING AN EXAMPLE OF MY STRATEGIES OR TRADING.

  1. We identify the big orange trend up.
  2. We see the big break down (marked with the vertical red line) this is telling us we are not going higher just yet. Our upwards trend is broken. However we might continue going up in a new trend, but when will that trend come?
  3. We can draw the blue trend very earyly using highs and lows, lines up and down. Then we begin to look for breakouts of the upper blue line. So every time price breaks upper blue line we have to buy (cus how else are we going to "catch the next trend going up?)
As you can see we get 5 false breakouts before the real breakout happens!
Now if you could tell fake breakouts from real breakouts, your gonna be rich hehe. For everyone else: Take every signal you can get, put a "tight" stop loss so in case its a fake signal you only loose a little bit. Then when breakout happens as you can clearly see in chart, your going to make back all the small losses.
So in this example we fail 5 times, but get 1 HUGE new trend going further up. This 1 huge trade, unless we fuck it up and take profits too early or shit like that, is going to win back all those small losses + more.
This is why trend following has a low winrate. You get 5 small loss and 1 big win.

Now lets flip this! Imagine if your trading Mean reversion on all the same red arrows! So every time price hits the blue line, we go short back to the bottom (or middle) again! You would have won 5 trades with small profits, but on that last one you would get stopped out so hard. Meaning 5 small wins, 1 big loss (as some have pointed out in comments, if you where trading mean reverting you would wanna buy the lows as well as short the tops - photo was suppose to show why trend following strategies have a lower % winrate.)

Final edit: sorry this looks like a wall of text on ur phones.
submitted by RipRepRop to Forex [link] [comments]

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.
TL;DR - I will try and flip an account from $50 or less to $1,000 over 2019. I will post all my account details so my strategy can be seen/copied. I will do this using only three or four trading setups. All of which are simple enough to learn. I will start trading on 10th January.
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As I see it there are two mains ways to understand how to make money in the markets. The first is to know what the biggest winners in the markets are doing and duplicating what they do. This is hard. Most of the biggest players will not publicly tell people what they are doing. You need to be able to kinda slide in with them and see if you can pick up some info. Not suitable for most people, takes a lot of networking and even then you have to be able to make the correct inferences.
Another way is to know the most common trades of losing traders and then be on the other side of their common mistakes. This is usually far easier, usually everyone knows the mind of a losing trader. I learned about what losing traders do every day by being one of them for many years. I noticed I had an some sort of affinity for buying at the very top of moves and selling at the very bottom. This sucked, however, is was obvious there was winning trades on the other side of what I was doing and the adjustments to be a good trader were small (albeit, tricky).
Thus began the study for entries and maximum risk:reward. See, there have been times I have bought aiming for a 10 pip scalps and hit 100 pips stops loss. Hell, there have been times I was going for 5 pips and hit 100 stop out. This can seem discouraging, but it does mean there must be 1:10 risk:reward pay-off on the other side of these mistakes, and they were mistakes.
If you repeatedly enter and exit at the wrong times, you are making mistakes and probably the same ones over and over again. The market is tricking you! There are specific ways in which price moves that compel people to make these mistakes (I won’t go into this in this post, because it takes too long and this is going to be a long post anyway, but a lot of this is FOMO).
Making mistakes is okay. In fact, as I see it, making mistakes is an essential part of becoming an expert. Making a mistake enough times to understand intrinsically why it is a mistake and then make the required adjustments. Understanding at a deep level why you trade the way you do and why others make the mistakes they do, is an important part of becoming an expert in your chosen area of focus.
I could talk more on these concepts, but to keep the length of the post down, I will crack on to actual examples of trades I look for. Here are my three main criteria. I am looking for tops/bottoms of moves (edge entries). I am looking for 1:3 RR or more potential pay-offs. My strategy assumes that retail trades will lose most of the time. This seems a fair enough assumption. Without meaning to sound too crass about it, smart money will beat dumb money most of the time if the game is base on money. They just will.
So to summarize, I am looking for the points newbies get trapped in bad positions entering into moves too late. From these areas, I am looking for high RR entries.
Setup Examples.
I call this one the “Lightning Bolt correction”, but it is most commonly referred to as a “two leg correction”. I call it a “Lightning Bolt correction” because it looks a bit like one, and it zaps you. If you get it wrong.

https://preview.redd.it/t4whwijse2721.png?width=1326&format=png&auto=webp&s=c9050529c6e2472a3ff9f8e7137bd4a3ee5554cc
Once I see price making the first sell-off move and then begin to rally towards the highs again, I am waiting for a washout spike low. The common trades mistakes I am trading against here is them being too eager to buy into the trend too early and for the to get stopped out/reverse position when it looks like it is making another bearish breakout. Right at that point they panic … literally one candle under there is where I want to be getting in. I want to be buying their stop loss, essentially. “Oh, you don’t want that ...okay, I will have that!”
I need a precise entry. I want to use tiny stops (for big RR) so I need to be cute with entries. For this, I need entry rules. Not just arbitrarily buying the spike out. There are a few moving parts to this that are outside the scope of this post but one of my mains ways is using a fibs extension and looking for reversals just after the 1.61% level. How to draw the fibs is something else that is outside the scope of this but for one simple rule, they can be drawn on the failed new high leg.

https://preview.redd.it/2cd682kve2721.png?width=536&format=png&auto=webp&s=f4d081c9faff49d0976f9ffab260aaed2b570309
I am looking for a few specific things for a prime setup. Firstly, I am looking for the false hope candles, the ones that look like they will reverse the market and let those buying too early get out break-even or even at profit. In this case, you can see the hammer and engulfing candle off the 127 level, then it spikes low in that “stop-hunt” sort of style.
Secondly I want to see it trading just past my entry level (161 ext). This rule has come from nothing other than sheer volume. The amount of times I’ve been stopped out by 1 pip by that little sly final low has gave birth to this rule. I am looking for the market to trade under support in a manner that looks like a new strong breakout. When I see this, I am looking to get in with tiny stops, right under the lows. I will also be using smaller charts at this time and looking for reversal clusters of candles. Things like dojis, inverted hammers etc. These are great for sticking stops under.
Important note, when the lightning bolt correction fails to be a good entry, I expect to see another two legs down. I may look to sell into this area sometimes, and also be looking for buying on another couple legs down. It is important to note, though, when this does not work out, I expect there to be continued momentum that is enough to stop out and reasonable stop level for my entry. Which is why I want to cut quick. If a 10 pips stop will hit, usually a 30 pips stop will too. Bin it and look for the next opportunity at better RR.

https://preview.redd.it/mhkgy35ze2721.png?width=1155&format=png&auto=webp&s=a18278b85b10278603e5c9c80eb98df3e6878232
Another setup I am watching for is harmonic patterns, and I am using these as a multi-purpose indicator. When I see potentially harmonic patterns forming, I am using their completion level as take profits, I do not want to try and run though reversal patterns I can see forming hours ahead of time. I also use them for entering (similar rules of looking for specific entry criteria for small stops). Finally, I use them as a continuation pattern. If the harmonic pattern runs past the area it may have reversed from, there is a high probability that the market will continue to trend and very basic trend following strategies work well. I learned this from being too stubborn sticking with what I thought were harmonic reversals only to be ran over by a trend (seriously, everything I know I know from how it used to make me lose).

https://preview.redd.it/1ytz2431f2721.png?width=1322&format=png&auto=webp&s=983a7f2a91f9195004ad8a2aa2bb9d4d6f128937
A method of spotting these sorts of M/W harmonics is they tend to form after a second spike out leg never formed. When this happens, it gives me a really good idea of where my profit targets should be and where my next big breakout level is. It is worth noting, larger harmonics using have small harmonics inside them (on lower time-frames) and this can be used for dialling in optimum entries. I also use harmonics far more extensively in ranging markets. Where they tend to have higher win rates.
Next setup is the good old fashioned double bottoms/double top/one tick trap sort of setup. This comes in when the market is highly over extended. It has a small sell-off and rallies back to the highs before having a much larger sell-off. This is a more risky trade in that it sells into what looks like trending momentum and can be stopped out more. However, it also pays a high RR when it works, allowing for it to be ran at reduced risk and still be highly profitable when it comes through.

https://preview.redd.it/1bx83776f2721.png?width=587&format=png&auto=webp&s=2c76c3085598ae70f4142d26c46c8d6e9b1c2881
From these sorts of moves, I am always looking for a follow up buy if it forms a lightning bolt sort of setup.
All of these setups always offer 1:3 or better RR. If they do not, you are doing it wrong (and it will be your stop placement that is wrong). This is not to say the target is always 1:3+, sometimes it is best to lock in profits with training stops. It just means that every time you enter, you can potentially have a trade that runs for many times more than you risked. 1:10 RR can be hit in these sorts of setups sometimes. Paying you 20% for 2% risked.
I want to really stress here that what I am doing is trading against small traders mistakes. I am not trying to “beat the market maker”. I am not trying to reverse engineer J.P Morgan’s black boxes. I do not think I am smart enough to gain a worthwhile edge over these traders. They have more money, they have more data, they have better softwares … they are stronger. Me trying to “beat the market maker” is like me trying to beat up Mike Tyson. I might be able to kick him in the balls and feel smug for a few seconds. However, when he gets up, he is still Tyson and I am still me. I am still going to be pummeled.
I’ve seen some people that were fairly bright people going into training courses and coming out dumb as shit. Thinking they somehow are now going to dominate Goldman Sachs because they learned a chart pattern. Get a grip. For real, get a fucking grip. These buzz phrases are marketeering. Realististically, if you want to win in the markets, you need to have an edge over somebody.
I don’t have edges on the banks. If I could find one, they’d take it away from me. Edges work on inefficiencies in what others do that you can spot and they can not. I do not expect to out-think a banks analysis team. I know for damn sure I can out-think a version of me from 5 years ago … and I know there are enough of them in the markets. I look to trade against them. I just look to protect myself from the larger players so they can only hurt me in limited ways. Rather than letting them corner me and beat me to a pulp (in the form of me watching $1,000 drop off my equity because I moved a stop or something), I just let them kick me in the butt as I run away. It hurts a little, but I will be over it soon.
I believe using these principles, these three simple enough edge entry setups, selectiveness (remembering you are trading against the areas people make mistakes, wait for they areas) and measured aggression a person can make impressive compounded gains over a year. I will attempt to demonstrate this by taking an account of under $100 to over $1,000 in a year. I will use max 10% on risk on a position, the risk will scale down as the account size increases. In most cases, 5% risk per trade will be used, so I will be going for 10-20% or so profits. I will be looking only for prime opportunities, so few trades but hard hitting ones when I take them.
I will start trading around the 10th January. Set remind me if you want to follow along. I will also post my investor login details, so you can see the trades in my account in real time. Letting you see when I place my orders and how I manage running positions.
I also think these same principles can be tweaked in such a way it is possible to flip $50 or so into $1,000 in under a month. I’ve done $10 to $1,000 in three days before. This is far more complex in trade management, though. Making it hard to explain/understand and un-viable for many people to copy (it hedges, does not comply with FIFO, needs 1:500 leverage and also needs spreads under half a pip on EURUSD - not everyone can access all they things). I see all too often people act as if this can’t be done and everyone saying it is lying to sell you something. I do not sell signals. I do not sell training. I have no dog in this fight, I am just saying it can be done. There are people who do it. If you dismiss it as impossible; you will never be one of them.
If I try this 10 times with $50, I probably am more likely to make $1,000 ($500 profit) in a couple months than standard ideas would double $500 - I think I have better RR, even though I may go bust 5 or more times. I may also try to demonstrate this, but it is kinda just show-boating, quite honestly. When it works, it looks cool. When it does not, I can go bust in a single day (see example https://www.fxblue.com/users/redditmicroflip).
So I may or may not try and demonstrate this. All this is, is just taking good basic concepts and applying accelerated risk tactics to them and hitting a winning streak (of far less trades than you may think). Once you have good entries and RR optimization in place - there really is no reason why you can not scale these up to do what may people call impossible (without even trying it).
I know there are a lot of people who do not think these things are possible and tend to just troll whenever people talk about these things. There used to be a time when I’d try to explain why I thought the way I did … before I noticed they only cared about telling me why they were right and discussion was pointless. Therefore, when it comes to replies, I will reply to all comments that ask me a question regarding why I think this can be done, or why I done something that I done. If you are commenting just to tell me all the reasons you think I am wrong and you are right, I will probably not reply. I may well consider your points if they are good ones. I just do not entering into discussions with people who already know everything; it serves no purpose.

Edit: Addition.

I want to talk a bit more about using higher percentage of risk than usual. Firstly, let me say that there are good reasons for risk caps that people often cite as “musts”. There are reasons why 2% is considered optimum for a lot of strategies and there are reasons drawing down too much is a really bad thing.
Please do not be ignorant of this. Please do not assume I am, either. In previous work I done, I was selecting trading strategies that could be used for investment. When doing this, my only concern was drawdown metrics. These are essential for professional money management and they are also essential for personal long-term success in trading.
So please do not think I have not thought of these sorts of things Many of the reasons people say these things can’t work are basic 101 stuff anyone even remotely committed to learning about trading learns in their first 6 months. Trust me, I have thought about these concepts. I just never stopped thinking when I found out what public consensus was.
While these 101 rules make a lot of sense, it does not take away from the fact there are other betting strategies, and if you can know the approximate win rate and pay-off of trades, you can have other ways of deriving optimal bet sizes (risk per trade). Using Kelly Criterion, for example, if the pay-off is 1:3 and there is a 75% chance of winning, the optimal bet size is 62.5%. It would be a viable (high risk) strategy to have extremely filtered conditions that looked for just one perfect set up a month, makingover 150% if it was successful.
Let’s do some math on if you can pull that off three months in a row (using 150% gain, for easy math). Start $100. Month two starts $250. Month three $625. Month three ends $1,562. You have won three trades. Can you win three trades in a row under these conditions? I don’t know … but don’t assume no-one can.
This is extremely high risk, let’s scale it down to meet somewhere in the middle of the extremes. Let’s look at 10%. Same thing, 10% risk looking for ideal opportunities. Maybe trading once every week or so. 30% pay-off is you win. Let’s be realistic here, a lot of strategies can drawdown 10% using low risk without actually having had that good a chance to generate 30% gains in the trades it took to do so. It could be argued that trading seldomly but taking 5* the risk your “supposed” to take can be more risk efficient than many strategies people are using.
I am not saying that you should be doing these things with tens of thousands of dollars. I am not saying you should do these things as long term strategies. What I am saying is do not dismiss things out of hand just because they buck the “common knowns”. There are ways you can use more aggressive trading tactics to turn small sums of money into they $1,000s of dollars accounts that you exercise they stringent money management tactics on.
With all the above being said, you do have to actually understand to what extent you have an edge doing what you are doing. To do this, you should be using standard sorts of risks. Get the basics in place, just do not think you have to always be basic. Once you have good basics in place and actually make a bit of money, you can section off profits for higher risk versions of strategies. The basic concepts of money management are golden. For longevity and large funds; learned them and use them! Just don’t forget to think for yourself once you have done that.

Update -

Okay, I have thought this through a bit more and decided I don't want to post my live account investor login, because it has my full name and I do not know who any of you are. Instead, for copying/observing, I will give demo account login (since I can choose any name for a demo).
I will also copy onto a live account and have that tracked via Myfxbook.
I will do two versions. One will be FIFO compliant. It will trade only single trade positions. The other will not be FIFO compliant, it will open trades in batches. I will link up live account in a week or so. For now, if anyone wants to do BETA testing with the copy trader, you can do so with the following details (this is the non-FIFO compliant version).

Account tracking/copying details.

Low-Medium risk.
IC Markets MT4
Account number: 10307003
Investor PW: lGdMaRe6
Server: Demo:01
(Not FIFO compliant)

Valid and Invalid Complaints.
There are a few things that can pop up in copy trading. I am not a n00b when it comes to this, so I can somewhat forecast what these will be. I can kinda predict what sort of comments there may be. Some of these are valid points that if you raise I should (and will) reply to. Some are things outside of the scope of things I can influence, and as such, there is no point in me replying to. I will just cover them all here the one time.

Valid complains are if I do something dumb or dramatically outside of the strategy I have laid out here. won't do these, if I do, you can pitchfork ----E

Examples;

“Oi, idiot! You opened a trade randomly on a news spike. I got slipped 20 pips and it was a shit entry”.
Perfectly valid complaint.

“Why did you open a trade during swaps hours when the spread was 30 pips?”
Also valid.

“You left huge trades open running into the weekend and now I have serious gap paranoia!”
Definitely valid.

These are examples of me doing dumb stuff. If I do dumb stuff, it is fair enough people say things amounting to “Yo, that was dumb stuff”.

Invalid Complains;

“You bought EURUSD when it was clearly a sell!!!!”
Okay … you sell. No-one is asking you to copy my trades. I am not trading your strategy. Different positions make a market.

“You opened a position too big and I lost X%”.
No. Na uh. You copied a position too big. If you are using a trade copier, you can set maximum risk. If you neglect to do this, you are taking 100% risk. You have no valid compliant for losing. The act of copying and setting the risk settings is you selecting your risk. I am not responsible for your risk. I accept absolutely no liability for any losses.
*Suggested fix. Refer to risk control in copy trading software

“You lost X trades in a row at X% so I lost too much”.
Nope. You copied. See above. Anything relating to losing too much in trades (placed in liquid/standard market conditions) is entirely you. I can lose my money. Only you can set it up so you can lose yours. I do not have access to your account. Only mine.
*Suggested fix. Refer to risk control in copy trading software

“Price keeps trading close to the pending limit orders but not filling. Your account shows profits, but mine is not getting them”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
* Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Buy limit orders will need to move up a little. Sell limit orders should not need adjusted.

“I got stopped out right before the market turned, I have a loss but your account shows a profit”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Stop losses on sell orders will need to move up a bit. Stops on buy orders will be fine.

“Your trade got stopped out right before the market turned, if it was one more pip in the stop, it would have been a winner!!!”
Yeah. This happens. This is where the “risk” part of “risk:reward” comes in.

“Price traded close to take profit, yours filled but mines never”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
(Side note, this should not be an issue since when my trade closes, it should ping your account to close, too. You might get a couple less pips).
*** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Take profits on buys will need to move up a bit. Sell take profits will be fine.

“My brokers spread jumped to 20 during the New York session so the open trade made a bigger loss than it should”.
Your broker might just suck if this happens. This is brokerage. I have no control over this. My trades are placed to profit from my brokerage conditions. I do not know, so can not account for yours. Also, if accounting for random spread spikes like this was something I had to do, this strategy would not be a thing. It only works with fair brokerage conditions.
*Suggested fix. Do a bit of Googling and find out if you have a horrific broker. If so, fix that! A good search phrase is; “(Broker name) FPA reviews”.

“Price hit the stop loss but was going really fast and my stop got slipped X pips”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
If my trade also got slipped on the stop, I was slipped using ECN conditions with excellent execution; sometimes slips just happen. I am doing the most I can to prevent them, but it is a fact of liquidity that sometimes we get slipped (slippage can also work in our favor, paying us more than the take profit would have been).

“Orders you placed failed to execute on my account because they were too large”.
This is brokerage. I have no control over this. Margin requirements vary. I have 1:500 leverage available. I will not always be using it, but I can. If you can’t, this will make a difference.

“Your account is making profits trading things my broker does not have”
I have a full range of assets to trade with the broker I use. Included Forex, indices, commodities and cryptocurrencies. I may or may not use the extent of these options. I can not account for your brokerage conditions.

I think I have covered most of the common ones here. There are some general rules of thumb, though. Basically, if I do something that is dumb and would have a high probability of losing on any broker traded on, this is a valid complain.

Anything that pertains to risk taken in standard trading conditions is under your control.

Also, anything at all that pertains to brokerage variance there is nothing I can do, other than fully brief you on what to expect up-front. Since I am taking the time to do this, I won’t be a punchbag for anything that happens later pertaining to this.

I am not using an elitist broker. You don’t need $50,000 to open an account, it is only $200. It is accessible to most people - brokerage conditions akin to what I am using are absolutely available to anyone in the UK/Europe/Asia (North America, I am not so up on, so can’t say). With the broker I use, and with others. If you do not take the time to make sure you are trading with a good broker, there is nothing I can do about how that affects your trades.

I am using an A book broker, if you are using B book; it will almost certainly be worse results. You have bad costs. You are essentially buying from reseller and paying a mark-up. (A/B book AKA ECN/Market maker; learn about this here). My EURUSD spread will typically be 0.02 pips or so, if yours is 1 pip, this is a huge difference.
These are typical spreads I am working on.

https://preview.redd.it/yc2c4jfpab721.png?width=597&format=png&auto=webp&s=c377686b2485e13171318c9861f42faf325437e1


Check the full range of spreads on Forex, commodities, indices and crypto.

Please understand I want nothing from you if you benefit from this, but I am also due you nothing if you lose. My only term of offering this is that people do not moan at me if they lose money.

I have been fully upfront saying this is geared towards higher risk. I have provided information and tools for you to take control over this. If I do lose people’s money and I know that, I honestly will feel a bit sad about it. However, if you complain about it, all I will say is “I told you that might happen”, because, I am telling you that might happen.

Make clear headed assessments of how much money you can afford to risk, and use these when making your decisions. They are yours to make, and not my responsibility.

Update.

Crazy Kelly Compounding: $100 - $11,000 in 6 Trades.

$100 to $11,000 in 6 trades? Is it a scam? Is it a gamble? … No, it’s maths.

Common sense risk disclaimer: Don’t be a dick! Don’t risk money you can’t afford to lose. Do not risk money doing these things until you can show a regular profit on low risk.
Let’s talk about Crazy Kelly Compounding (CKC). Kelly criterion is a method for selecting optimal bet sizes if the odds and win rate are known (in other words, once you have worked out how to create and assess your edge). You can Google to learn about it in detail. The formula for Kelly criterion is;
((odds-1) * (percentage estimate)) - (1-percent estimate) / (odds-1) X 100
Now let’s say you can filter down a strategy to have a 80% win rate. It trades very rarely, but it had a very high success rate when it does. Let’s say you get 1:2 RR on that trade. Kelly would give you an optimum bet size of about 60% here. So if you win, you win 120%. Losing three trades in a row will bust you. You can still recover from anything less than that, fairly easily with a couple winning trades.
This is where CKC comes in. What if you could string some of these wins together, compounding the gains (so you were risking 60% each time)? What if you could pull off 6 trades in a row doing this?
Here is the math;

https://preview.redd.it/u3u6teqd7c721.png?width=606&format=png&auto=webp&s=3b958747b37b68ec2a769a8368b5cbebfe0e97ff
This shows years, substitute years for trades. 6 trades returns $11,338! This can be done. The question really is if you are able to dial in good enough entries, filter out enough sub-par trades and have the guts to pull the trigger when the time is right. Obviously you need to be willing to take the hit, obviously that hit gets bigger each time you go for it, but the reward to risk ratio is pretty decent if you can afford to lose the money.
We could maybe set something up to do this on cent brokers. So people can do it literally risking a couple dollars. I’d have to check to see if there was suitable spreads etc offered on them, though. They can be kinda icky.
Now listen, I am serious … don’t be a dick. Don’t rush out next week trying to retire by the weekend. What I am showing you is the EXTRA rewards that come with being able to produce good solid results and being able to section off some money for high risk “all or nothing” attempts; using your proven strategies.
I am not saying anyone can open 6 trades and make $11,000 … that is rather improbable. What I am saying is once you can get the strategy side right, and you can know your numbers; then you can use the numbers to see where the limits actually are, how fast your strategy can really go.
This CKC concept is not intended to inspire you to be reckless in trading, it is intended to inspire you to put focus on learning the core skills I am telling you that are behind being able to do this.
submitted by inweedwetrust to Forex [link] [comments]

World Class Financial Trading VPS

A VPS stands for Virtual Private Server. As the name implies it is your own private server which is hosted in the cloud/on the Internet. Like any server it is always on 24/7 and constantly online.
There are many usages for Forex VPS and here is the list of usage mainly by traders.
  1. Running Expert Advisor (EA)
  2. Indicators
  3. Trade Copier
    1. Slave and Master
  4. Publishing EA Tool
    1. myfxbook & fxblue etc
  5. Push notification
    1. sending a notification to mobile
You can read this article about how Forex VPS vs Home PC for a more in-depth comparison.
Basically the core factor for using a Forex VPS is the reduce the latency between your MT4 platform to your Broker server. By using the correct location provided by the Forex VPS vendors, you can achieve 1ms latency which helps to improve trade execution aka reducing slippage.
Next factor is the uptime. Our home network ISP and home electricity can never be assured. What if you face a blackout? Or network outage? Or hardware failures? As it is important to ensure your trading platform is running 24 hours a day without fail, you will require professional infrastructure to ensure 100% uptime or at least 99.9%
There are many advantages of using Forex VPS but here is the list of the most important ones:
To be categorized as one of the Best Forex VPS in the industry for Algo trading, these are the few core factor you need to consider:
I would recommend to give TradingFXVPS a try and enjoy their robust VPS for traders and our excellent customer support service.
submitted by vpsfortraders to u/vpsfortraders [link] [comments]

some helphul common terms for forex traders

Common terms:

submitted by livmarsh1992- to u/livmarsh1992- [link] [comments]

XXXJPY?!?!?!?!?!?!?!?! - Here is Why!

Unfortunately, my OP was deleted from Forex. Here is a screen-shot. That ?!?!?!?!?!!? crash was the "spike with no retrace". We are now looking for the 5 - 10 % rally or mega breakout.
Buying above 7.20 is a mugs game. Wait for retracements to 70.20. Do not be spooked by strong bear action in that area, above the lows, this is super bullish.
https://preview.redd.it/ifiv4z8yy4821.png?width=763&format=png&auto=webp&s=8ac3d47c41666db14504b1fbc1bcfcd7ddc547d3

Here are my current positions.
You can access this account here
Platform IC Markets MT4
MT4 Login: 10308886
Password: ithi8nq08
Investor Login: pZxWcId7
Server: ICMarkets-Demo01
Leverage 1:500
How to copy trades

Myfxbook https://www.myfxbook.com/members/inweedwetrust/high-risk-no-fifo/2847037


https://preview.redd.it/ufxghy12z4821.png?width=1361&format=png&auto=webp&s=4d74a4a80708bacbfc781df2ff683fa4b4eb0d09


I do not have time to chart up everything now, but I will explain to you how I was able to spot this happening. This is not fluke. This is a repeatable pattern. You can learn how to do this, I promise you that.

Update;

Shorts going well and coming into targets. Stops pulled up tight to protect profits. Usually we will see this selling off in a scary way (like, scary as in it looks like a new bear breakout). This can often be bear trap. Watch for this, it is common, do not be induced into the sell near 70.20, it is a great buy level.
https://preview.redd.it/obdezs0wg5821.png?width=1358&format=png&auto=webp&s=e471d1d4f4df6da9e60c460964087ed301f06bcb
Update;

Got stopped out in the spike up, some pending orders to get a good RR entry set. This is where we are looking for a second "scary" leg. Spike low bear trap leg. Quick, violent and then proper reversal. If it breaks the lows, all bes are off on the buys. Will take another look if stopped out the buys.


https://preview.redd.it/4sfh6x5ss5821.png?width=1366&format=png&auto=webp&s=2f549b6efccf910ecf9199a815ec8dcc72618917

This is going badly. The trade sizes are a mess when coping. I think the initial cash run is gonna have to be scaled down to 0.5 of this for the first few days. I think I know what the problem is. I should be able to fix this, and should still be able to launch live version (albeit in scald down start) as planned.

Regarding NZDJPY, I think this may break the lows. I hope not. That would not be a good indicator for other markets (stocks, mainly). Removed the buy orders and set take profits lower. his bounce does not look the starting formation of a trend leg, even on small charts. It looks like a 1-2 correction ... they lead to breakouts.
submitted by inweedwetrust to Forexnoobs [link] [comments]

GBPJPY Trend Invalidation Signals and Contingency Plans

GBPJPY Trend Invalidation Signals and Contingency Plans
Took multiple losses on GBPJPY as it ran through all the trend continuation setups, and the persistence of how it has done this move is something that gives us reason to re-assess trade plans, and be diligent on risks as well as opportunities the conditions we are now in may present.

I feel like I've seen this movie before. Usually when getting squeezed in a trend continuation, there are a few hits you have to take and then there is a big pay off. As a general rule, the better the move will be the harder it is to position for. So early losses on this were all within the acceptable margin of error in this strategy (I think I also made setup errors, which was bad. I can do better on that). After we ran some more setups (that looked fully valid at time of execution), I noped out. Stopped selling, and waited to see what happened.

Last time I remember being on the wrong side of such a fierce move of this form on GBPJPY was similar. Done well shorting, scalped some buys at a support, then reversed into the "correction" - and it went parabolic against me. I remember this well, because in the coming week there were news reports of the GBP having it's best day/week in a yeadecade (I forget specifics, but GBP was in the news for the rally). In the week after that, the high was made .... because that was when Brexit happened.

What happened there, from a charting perspective, is we went into a 2 week corrective cycle and then started another impulsive wave. If this happens we may see something spectacular in GBPJPY in the near term. This may feature a record breaking rally (or at least strong one) into 145, and even 155 (current price 130). From there, we may start a new trend taking the market into the large chart forecasts of 89 and 61.

I can retire if that happens. Absolutely. I'm going to plan, with various contingencies, for something like that possibly happening. In this post I''ll show what warnings signs we got over the last days as sellers. Where our main dangers will be as buyers. The levels as which we can be more sure buyers have won out in the short term, and also where the possible spikes low could come and how we'd trade them / what we'd do next.

I'll use MT4 charting for this analysis, since it will require a lot of different fibs and patterns assessment, I find fibs on MT4 quicker to work with than cTrader.

The Big Gartley Pattern


So the first thing we want to establish is where the buyers are coming from. Double bottom is accurate, but a bit vague. If we look closer, we can see the daily chart pinging off the 61.8 and 76 fib levels. This would be consistent with a Gartley pattern, and this would be a bullish reversal pattern (If successful). We have a couple probable scenarios here. One is a big break and move lower, and the other is a persistent move up in a small time frame trending chart form.

https://preview.redd.it/ycjwj3bsxmk31.png?width=806&format=png&auto=webp&s=94198bcff8cdf3e9b4cae306496bd91b5477a7f0
Let's look closer and see what the last days of trading have suggested to us about this.
Here is the 1 hour chart around the 76 level.
https://preview.redd.it/1c31uqv4qmk31.png?width=809&format=png&auto=webp&s=47df97d3f4f31238bacbb20282f8495399e01527
We've possibly formed the start of a second trend leg in the recent move up. Our best move here would be wait for a dip, buy into that and then run the trend upwards. We should see more strong moves like today, and these should be in nice structured form giving us easy entries and exits. This would be a good scenario for trading.
If a spike out is to form from this level, we'd now have it in a clear butterfly pattern. So we'd look for a 1.61 extension of this swing giving us a projected low of 125 area. This would be a harder move to trade. We either have to keep selling into the resistance levels and risk multiple small losses, or wait for momentum downwards and use breakout strategies. I feel method one has failed this week. We can perhaps look more at method two in a close under 128 (which will not happen if we are to trend).

https://preview.redd.it/djz31dxdrmk31.png?width=814&format=png&auto=webp&s=ce05f051a785177e7598e8c4f430224183366013
As buyers, the possibility of this take out low move is our main danger. We have to be aware this can happen and it will be a fast move if it does. Risk control is important.

Bullish Scenarios

For now I am going to work on trade plans for if price remains above 128.50 and indicates bullish momentum. I want to work on targets and then reversal areas.

When we use the analysis above and consider we may be entering into big corrective leg, we can consider that this might be a 'ping swing' like move.

https://preview.redd.it/s9fyuyhmsmk31.png?width=813&format=png&auto=webp&s=8aa69ac8b99bbd3874593a60fcf6e76b930be911
Remember the main characteristics of a ping swing. It's very strong. The move is parabolic. There's a spike out of major levels, and then there is an impulse leg.
Weigh that against the price action I described the last time I seen the same setup on GBBPJPY running into Brexit. The market followed that same template of price movements, and then came down in spectacular fashion.
This is where our main opportunity is, and this is where it seem the smart way to be betting is at this time. If the lows made here are taken out, we can look for positions around 125 to load up for this (a spike out and rally is still valid).
In the immediate term, we can just buy dips. Use tight stops and get high RR if it runs up, have very small losses to the downside. A correction from 130.20 to 128.50 gives us a great buying opportunity to get started in this move (buying over 130 but under 130.60 I think is a bad trade. Better to wait)
If we can establish a good buy position and see a ping swing move (which would be 2,000 pips - and GBPJPY can do this without many pullbacks, it's wild) the profit potential on this is enormous. Very small risks can be taken for extreme profits on the other end. If we do this and make good profits in the run up to that, we can then use a portion of these profits to position aggressively on the 61.8 spike out, and maybe have big positions in a decade long breakout to the downside in GBPJPY.
Whether or not there is a spike out low, when buying our first target is 145.00. This is either buying from 128.50 or 125 if that trade does not work out.
It would be very dangerous to sell if there is a spike out low into 125. Selling here could be brutal in the whip against you (as could selling in the leg we have but not getting out quick). For some perspective on this, GBPJPY went from 145 to 160 in only a couple strong trading days the last time we had conditions similar to this. The possibility of this, makes it a bad time to be a seller - horrible time to be a stubborn one.

Wrap up.

No buys 130 - 130.50. Possible buys if there is a break of this.
Sells possible in this area, but risky. Not great RR. I'd not bother.
Buy level 1 - 128.50. 143 could be swing target here.
128 major bear break area. Danger of fast move here. Cut buys.
125 if met in spike, big buying area. Target 143 and stop 123 (tighter with price action).
145 first major upside resis. If we break this, 155.
Absolutely no selling into parabolic moves on GBPJPY at levels not mentioned here, isn't worth it.
submitted by whatthefx to u/whatthefx [link] [comments]

stock marketing full guide 2019

stock marketing full guide 2019
stock market

What's the Stock Market? full guide.

The inventory market refers back to the assortment of markets and exchanges the place common actions of shopping for, promoting, and issuance of shares of publicly-held firms happen. Such monetary actions are performed by way of institutionalized formal exchanges or over-the-counter (OTC) marketplaces which function underneath an outlined set of laws. There may be a number of inventory buying and selling venues in a rustic or an area which permit transactions in shares and different types of securities.
Whereas each phrase - inventory market and inventory alternate - are used interchangeably, the latter time period is usually a subset of the previous. If one says that she trades within the inventory market, it implies that she buys and sells shares/equities on one (or extra) of the inventory alternate(s) which are a part of the general inventory market. The main inventory exchanges within the U.S. embrace the New York Stock Exchange (NYSE), Nasdaq, the Higher Different Buying and selling System (BATS). and the Chicago Board Options Exchange (CBOE). These main nationwide exchanges, together with a number of different exchanges working within the nation, type the inventory market of the U.S.
Although it's known as an inventory market or fairness market and is primarily identified for buying and selling shares/equities, different monetary securities - like exchange-traded funds (ETF), corporate bonds and derivatives primarily based on shares, commodities, currencies, and bonds - are additionally traded within the inventory markets.

Read also.

Inventory Market

Understanding the Inventory Market

Whereas right this moment it's potential to buy nearly every part online, there's often a delegated marketplace for each commodity. For example, folks drive to metropolis outskirts and farmlands to buy Christmas bushes, go to the native timber market to purchase wooden and different obligatory materials for house furnishings and renovations, and go to shops like Walmart for his or her common grocery provides.
Such devoted markets function a platform the place quite a few patrons and sellers meet, work together and transact. For the reason that a variety of market individuals is large, one is assured of good worth. For instance, if there is just one vendor of Christmas bushes in your complete metropolis, he could have the freedom to cost any worth he pleases because the patrons gained’t have wherever else to go. If the variety of tree sellers is massive in a standard market, they must compete in opposition to one another to draw patrons. The patrons can be spoiled for selection with low- or optimum-pricing making it a good market with worth transparency. Even whereas buying online, patrons examine costs supplied by totally different sellers on the identical buying portal or throughout totally different portals to get one of the best offers, forcing the assorted online sellers to supply one of the best worth.
An inventory market is an identical designated marketplace for buying and selling numerous sorts of securities in a managed, safe and managed the atmosphere. For the reason that inventory market brings collectively a whole bunch of hundreds of market individuals who want to purchase and promote shares, it ensures honest pricing practices and transparency in transactions. Whereas earlier inventory markets used to situation and deal in paper-based bodily share certificates, the fashionable day computer-aided inventory markets function electronically.

How the Inventory Market Works

In a nutshell, inventory markets present a safe and controlled atmosphere the place market individuals can transact in shares and different eligible monetary devices with confidence with zero- to low-operational danger. Working underneath the outlined guidelines as acknowledged by the regulator, the inventory markets act as primary markets and as secondary markets.
As the main market, the inventory market permits firms to the situation and promote their shares to the wider public for the primary time by way of the method of initial public offerings (IPO). This exercise helps firms increase obligatory capital from traders. It primarily implies that an organization divides itself into quite a few shares (say, 20 million shares) and sells part of these shares (say, 5 million shares) to the wider public at a worth (say, $10 per share).
To facilitate this course of, an organization wants a market the place these shares may be offered. This market is offered by the inventory market. If every part goes as per the plans, the corporate will efficiently promote the 5 million shares at a worth of $10 per share and acquire $50 million value of funds. Traders will get the corporate shares which they will anticipate to carry for his or her most well-liked length, in anticipation of rising in share worth and any potential revenue within the type of dividend funds. The inventory alternate acts as a facilitator for this capital elevating course of and receives a charge for its providers from the corporate and its monetary companions.
Following the first-time share issuance IPO train known as the itemizing course of, the inventory alternate additionally serves because the buying and selling platform that facilitates common shopping for and promoting of the listed shares. This constitutes the secondary market. The inventory alternate earns a charge for each commerce that happens on its platform in the course of the secondary market exercise.
The inventory alternate shoulders the accountability of making certain price transparency, liquidity, price discovery and honest dealings in such buying and selling actions. As nearly all main inventory markets throughout the globe now function electronically, the alternate maintains buying and selling techniques that effectively handle the purchase and promote orders from numerous market individuals. They carry out the worth matching operate to facilitate commerce execution at a worth honest to each patron and sellers.
A listed firm can also supply new, extra shares by way of different choices at a later stage, like by way of rights issue or by way of follow-on offers. They could even buyback or delist their shares. The inventory alternate facilitates such transactions.
The inventory alternate usually creates and maintains numerous market-level and sector-specific indicators, just like the S&P 500 index or Nasdaq 100 index, which give a measure to trace the motion of the general market.
The inventory exchanges additionally preserve all firm information, bulletins, and monetary reporting, which may be often accessed on their official web sites. An inventory alternate additionally helps numerous different corporate-level, transaction-related actions. For example, worthwhile firms might reward traders by paying dividends which often comes from the part of the corporate’s earnings. The alternate maintains all such data and will assist its processing to a sure extent.

Features of an Inventory Market

An inventory market primarily serves the next features:
Truthful Dealing in Securities Transactions: Relying on the usual rules of demand and supply, the inventory alternate wants to make sure that all market individuals have instantaneous entry to information for all purchase and promote orders thereby serving to within the honest and clear pricing of securities. Moreover, it also needs to carry out environment-friendly matching of acceptable purchase and promote orders.
For instance, there could also be three patrons who've positioned orders for purchasing Microsoft shares at $100, $105 and $110, and there could also be 4 sellers who're keen to promote Microsoft shares at $110, $112, $115 and $120. The alternate (by way of their pc operated automated buying and selling techniques) wants to make sure that one of the best purchase and greatest promote are matched, which on this case is at $110 for the given amount of commerce.
Environment-friendly Value Discovery: Inventory markets must assist an environment-friendly mechanism for worth discovery, which refers back to the act of deciding the correct worth of a safety and is often carried out by assessing market provide and demand and different components related to the transactions.
Say, a U.S.-based software program firm is buying and selling at a worth of $100 and has a market capitalization of $5 billion. Information merchandise is available in that the EU regulator has imposed a wonderful of $2 billion on the corporate which primarily implies that 40 % of the corporate’s worth could also be worn out. Whereas the inventory market might have imposed a buying and selling worth vary of $90 and $110 on the corporate’s share worth, it ought to effectively change the permissible buying and selling worth restrict to accommodate for the potential adjustments within the share worth, else shareholders might battle to commerce at a good worth.
Liquidity Upkeep: Whereas getting the variety of patrons and sellers for a specific monetary safety are uncontrolled for the inventory market, it wants to make sure that whosoever is certified and keen to commerce will get instantaneous entry to position orders which ought to get executed on the honest worth.
Safety and Validity of Transactions: Whereas extra individuals are vital for environment-friendly working of a market, the identical market wants to make sure that all individuals are verified and stay compliant with the required guidelines and laws, leaving no room for default by any of the events. Moreover, it ought to make sure that all related entities working out there should additionally adhere to the principles, and work inside the authorized framework given by the regulator.
Help All Eligible Kinds of Contributors: A market is made by quite a lot of individuals, which embrace market makers, traders, merchants, speculators, and hedgers. All these individuals function within the inventory market with totally different roles and features. For example, an investor might purchase shares and maintain them for long run spanning a few years, whereas a dealer might enter and exit a place inside seconds. A market maker gives obligatory liquidity out there, whereas a hedger might prefer to commerce in derivatives for mitigating the danger concerned in investments. The inventory market ought to make sure that all such individuals are capable of function seamlessly fulfilling their desired roles to make sure the market continues to function effectively.
Investor Safety: Together with rich and institutional traders, a really massive variety of small traders are additionally served by the inventory marketplace for their small quantity of investments. These traders might have restricted monetary information, and will not be totally conscious of the pitfalls of investing in shares and different listed devices. The inventory alternate should implement obligatory measures to supply the required safety to such traders to protect them from monetary loss and guarantee buyer belief.
For example, an inventory alternate might categorize shares in numerous segments relying on their danger profiles and permit restricted or no buying and selling by widespread traders in high-risk shares. Derivatives, which have been described by Warren Buffett as monetary weapons of mass destruction, aren't for everybody as one might lose far more than they guess for. Exchanges usually impose restrictions to forestall people with restricted revenue and information from entering into dangerous bets of derivatives.
Balanced Regulation: Listed firms are largely regulated and their dealings are monitored by market regulators, just like the Securities and Exchange Commission (SEC) of the U.S. Moreover, exchanges additionally mandate sure necessities – like, well timed submitting of quarterly monetary stories and instantaneous reporting of any related developments - to make sure all market individuals grow to be conscious of company happenings. Failure to stick to the laws can result in the suspension of buying and selling by the exchanges and different disciplinary measures.

Regulating the Inventory Market

An area monetary regulator or competent financial authority or institute is assigned the duty of regulating the inventory market of a rustic. The Securities and Alternate Fee (SEC) is the regulatory physique charged with overseeing the U.S. inventory markets. The SEC is a federal company that works independently of the federal government and political strain. The mission of the SEC is acknowledged as: "to guard traders, preserve honest, orderly, and environment-friendly markets, and facilitate capital formation."

Inventory Market Contributors

Together with long-term traders and brief time period merchants, there are a lot of several types of gamers related to the inventory market. Everyone has a singular function, however, lots of the roles are intertwined and rely on one another to make the market run successfully.
  • Stockbrokers, also called registered representatives within the U.S., are the licensed professionals who purchase and promote securities on behalf of traders. The brokers act as intermediaries between the inventory exchanges and the traders by shopping for and promoting shares on the traders' behalf. An account with a retail dealer is required to realize entry to the markets.
  • Portfolio managers are professionals who make investments portfolios, or collections of securities, for purchasers. These managers get suggestions from analysts and make the purchase or promote choices for the portfolio. Mutual fund firms, hedge funds, and pension plans use portfolio managers to make choices and set the funding methods for the cash they maintain.
  • Investment bankers characterize firms in numerous capacities, comparable to personal firms that wish to go public through an IPO or firms which are concerned in pending mergers and acquisitions. They care for the itemizing course of in compliance with the regulatory necessities of the inventory market.
  • Custodian and depot service suppliers, that are establishment holding prospects' securities for safekeeping in order to reduce the danger of their theft or loss, additionally function in sync with the alternative to switch shares to/from the respective accounts of transacting events primarily based on buying and selling on the inventory market.
  • Market maker: A market maker is a broker-dealer who facilitates the buying and selling of shares by posting bid and ask costs together with sustaining a listing of shares. He ensures adequate liquidity out there for a specific (set of) share(s), and income from the distinction between the bid and the ask worth he quotes.

How Inventory Exchanges Make Cash

Inventory exchanges function as for-profit institutes and cost a charge for his or her providers. The first supply of revenue for these inventory exchanges are the revenues from the transaction charges which are charged for every commerce carried out on its platform. Moreover, exchanges earn income from the itemizing charge charged to firms in the course of the IPO course of and different follow-on choices.
The alternate additionally earn from promoting market information generated on its platform - like real-time information, historical information, abstract information, and reference information – which is significant for fairness analysis and different makes use of. Many exchanges will even promote know-how merchandise, like a buying and selling terminal and devoted community connection to the alternate, to the events for an acceptable charge.
The alternate might supply privileged providers like high-frequency trading to bigger purchasers like mutual funds and asset management companies (AMC), and earn cash accordingly. There are provisions for regulatory charge and registration charge for various profiles of market individuals, just like the market maker and dealer, which type different sources of revenue for the inventory exchanges.
The alternate additionally make income by licensing their indexes (and their methodology) that are generally used as a benchmark for launching numerous merchandise like mutual funds and ETFs by AMCs.
Many exchanges additionally present programs and certification on numerous monetary matters to trade individuals and earn revenues from such subscriptions.

Competitors for Inventory Markets

Whereas particular person inventory exchanges compete in opposition to one another to get most transaction quantity, they're dealing with menace on two fronts.
Darkish Swimming pools: Dark pools, that are personal exchanges or boards for securities buying and selling and function inside personal teams, are posing a problem to public inventory markets. Although their authorized validity is topic to native laws, they're gaining a reputation as individuals save massive on transaction charges.
Blockchain Ventures: Amid rising reputation of blockchains, many crypto exchanges have emerged. Such exchanges are venues for buying and selling cryptocurrencies and derivatives related to that asset class. Although their reputation stays restricted, they pose a menace to the standard inventory market mannequin by automating a bulk of the work completed by numerous inventory market individuals and by providing zero- to low-cost providers.

Significance of the Inventory Market

The inventory market is among the most significant parts of a free-market economic system.
It permits firms to lift cash by providing inventory shares and company bonds. It lets widespread traders take part within the monetary achievements of the businesses, make income by way of capital gains, and earn cash by way of dividends, though losses are additionally potential. Whereas institutional traders {and professional} cash managers do get pleasure from some privileges owing to their deep pockets, higher information and better danger taking skills, the inventory market makes an attempt to supply a stage taking part in subject to widespread people.
The inventory market works as a platform by way of which financial savings and investments of people are channelized into the productive funding proposals. In the long run, it helps in capital formation & financial progress for the nation.

KEY TAKEAWAYS

  • Inventory markets are very important parts of a free-market economic system as a result of they permit democratized entry to buying and selling and alternate of capital for traders of all types.
  • They carry out a number of features in markets, together with environment-friendly worth discovery and environment-friendly dealing.
  • Within the US, the inventory market is regulated by the SEC and native regulatory our bodies.

Examples of Inventory Markets

The primary inventory market on the planet was the London inventory alternate. It was begun in a coffeehouse, the place merchants used to satisfy to alternate shares, in 1773. The primary inventory alternate in the USA of America began in Philadelphia in 1790. The Buttonwood settlement, so named as a result of it was signed underneath a buttonwood tree, marked the beginnings of New York's Wall Avenue in 1792. The settlement was signed by 24 merchants and was the primary American group of its type to commerce in securities. The merchants renamed their enterprise as New York Inventory and Alternate Board in 1817.
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Auto-trading fun with Bollinger bands [Novice level].

Whilst we have a fair few 'novice' posts about TA and Global Macro (aka "Fundamentals"), there aren't too many involving auto-trading. Seeing as I'm in the middle of teaching myself MQL4, I thought I'd throw this out there as discussion prompter.
By "novice", I mean someone who has moved beyond complete beginner ("what's a FOMC and a NFP?") but still not deploying robust and market ready strategies ("how does market structure affect news event response?"), so constructive criticism, informed commentary or taking the ideas and developing them further are very much the point of sharing in the first place. It's not meant to be a showcase of code, because the code is a mess!
This post got me thinking about how relatively trivial it would be to implement a Bollinger Band mean reversion autotrader.
Project Goals
My interest in the project was as a way to begin development of a skeleton EA that would use a custom indicator to implement trade signals. The point of this would be to allow for faster prototyping of visually based autotrading before taking it to the testing environment. The key advantage of this is that you can see on your charts which entries are being missed, something that is much more laborious to do via visual mode in the strategy tester.
Concept Development
So to begin the project, I sketched out the concept.
One way to trade Bollinger Bands is to trade the reversion to the mean. Intuitively, we expect that wider deviations from the mean will result in more reliable reversions to the mean. To explore this we could enter when price breaches the second SD band and then returns back inside it.
Here's the default Bollinger Band on default settings in MT4, demonstrating this sort of behaviour:
http://i.imgur.com/dK2oDO7.png
Prototyping
I want to use the indicator, and not the EA, to generate trade signals, as this is the point of the project for me. Because I'm lazy and grew up coding in basements, I opt to fiddle with the default indicator code rather than build up from scratch.
My first goal is to add two things.
Firstly, I want to add another layer of bands, because I saw a set up like that a while ago and liked it. (This is not a very good reason, and I think it costs me down the track).
Secondly, I want to add in a way to visually indicate the trade signals before we pass them to the EA.
Adding another set of bands is just a copy and paste of the existing bands. My learning point here is that I need to adjust the amount of buffers to match the number of bands I want. This comes into play for adding the trade signal arrows, as they need to go in the same sort of structure as the second lot of bands.
[I know from reading about the project goals in advance that EAs access custom indicators via iCustom(). This function can only receive the contents of one of the first 8 indicator buffers. Thus the idea will be that the buffer that marks out the trade entries on the indicator will later be used by the EA to mark out where entries should be. It's possible this is not the best way for EAs to access custom indicators , so input from more experienced coders is welcome!]
#property indicator_chart_window #property indicator_buffers 8 // <---- have to set this to match your copy and pasted buffer amount #property indicator_color1 LightSeaGreen #property indicator_color2 LightSeaGreen #property indicator_color3 LightSeaGreen // hack in (make 'em colourful. Turns out I didn't understand how the numbering worked, and indictator_color4 is never visualised) #property indicator_color4 clrWhite #property indicator_color5 clrWhite #property indicator_color6 clrRed #property indicator_color7 clrGreen #property indicator_color8 clrRed //--- indicator parameters input int InpBandsPeriod=50; // Bands Period input int InpBandsShift=0; // Bands Shift input double InpBandsInnerDeviations=1.0; // Add in for our other Band input double InpBandsOuterDeviations=2.0; // Bands Deviations //--- buffers double ExtMovingBuffer[]; double ExtUpperBuffer[]; double ExtLowerBuffer[]; double ExtStdDevBuffer[]; // hack in buffers (these buffers will store our trade signals) double SellSignalBuffer[]; double BuySignalBuffer[]; // these buffers will hold the additional bands. apologies for the naming, I didn't originally intend to share this double ExtUpperUpperBuffer[]; double ExtLowerLowerBuffer[]; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int OnInit(void) { //--- 1 additional buffer used for counting. IndicatorBuffers(8); // don't forget to adjust this to account for the new buffers IndicatorDigits(Digits); //--- middle line SetIndexStyle(0,DRAW_LINE); SetIndexBuffer(0,ExtMovingBuffer); SetIndexShift(0,InpBandsShift); SetIndexLabel(0,"Bands SMA"); //--- upper band SetIndexStyle(1,DRAW_LINE); SetIndexBuffer(1,ExtUpperBuffer); SetIndexShift(1,InpBandsShift); SetIndexLabel(1,"Bands Upper"); //--- lower band SetIndexStyle(2,DRAW_LINE); SetIndexBuffer(2,ExtLowerBuffer); SetIndexShift(2,InpBandsShift); SetIndexLabel(2,"Bands Lower"); SetIndexBuffer(3,ExtStdDevBuffer); //--- Copy and paste from above, and just change the number! Upper outer band is INDEX 4 SetIndexStyle(4,DRAW_LINE); SetIndexBuffer(4,ExtUpperUpperBuffer); SetIndexShift(4,InpBandsShift); SetIndexLabel(4,"Bands Outer Upper"); //--- Copy& paste, lower outer band is INDEX 5 SetIndexStyle(5,DRAW_LINE); SetIndexBuffer(5,ExtLowerLowerBuffer); SetIndexShift(5,InpBandsShift); SetIndexLabel(5,"Bands Outer Lower"); //--- remind myself which is which so I don't forget later: sell signal is INDEX 6!!!! SetIndexStyle(6,DRAW_ARROW); SetIndexArrow(6,218); SetIndexBuffer(6,SellSignalBuffer); SetIndexShift(6,InpBandsShift); SetIndexLabel(6,"Sell Signal"); //--- buy signal is INDEX 7 !!! SetIndexStyle(7,DRAW_ARROW); SetIndexArrow(7,217); SetIndexBuffer(7,BuySignalBuffer); SetIndexShift(7,InpBandsShift); SetIndexLabel(7,"Buy Signal"); //--- check for input parameter if(InpBandsPeriod<=0) { Print("Wrong input parameter Bands Period=",InpBandsPeriod); return(INIT_FAILED); } //--- SetIndexDrawBegin(0,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(1,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(2,InpBandsPeriod+InpBandsShift); // hack in our additional buffers, so they also start at the corect point SetIndexDrawBegin(4,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(5,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(6,InpBandsPeriod+InpBandsShift); SetIndexDrawBegin(7,InpBandsPeriod+InpBandsShift); //--- initialization done return(INIT_SUCCEEDED); } //+------------------------------------------------------------------+ //| Bollinger Bands | //+------------------------------------------------------------------+ // all of this code is from the default indicator int OnCalculate(const int rates_total, const int prev_calculated, const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[]) { int i,pos; //--- if(rates_total<=InpBandsPeriod || InpBandsPeriod<=0) { return(0); } //--- counting from 0 to rates_total ArraySetAsSeries(ExtMovingBuffer,false); ArraySetAsSeries(ExtUpperBuffer,false); ArraySetAsSeries(ExtLowerBuffer,false); ArraySetAsSeries(ExtStdDevBuffer,false); // hack in to make sure our custom buffers run in the same direction ArraySetAsSeries(SellSignalBuffer,false); ArraySetAsSeries(ExtUpperUpperBuffer,false); ArraySetAsSeries(ExtLowerLowerBuffer,false); ArraySetAsSeries(BuySignalBuffer,false); ArraySetAsSeries(close,false); ArraySetAsSeries(high,false); ArraySetAsSeries(low,false); //--- initial zero if(prev_calculated<1) { for(i=0; i1) pos=prev_calculated-1; else pos=0; //--- main cycle for(i=pos; i After a bit of tweaking typos, the indicator now displays two sets of bands, one at 1x SD and one at 2xSD from the mean (moving average). It also has two buffers that will use the DRAW_ARROW style to mark out potential trades.
Adding trade logic
I still can't decide if it's better to isolate the logic code in the Custom Indicator or the EA, in the long run. There seem to be performative, stylistic and redundancy issues, but for the moment the project is to put the logic in the Indicator, so that's what I did.
The fastest way to prototype this idea seems to be identifying when price closes outside of the far band.
This is trivial to achieve. We compare the close to the two outer bands, and if it's outside them, then we set the relevant trade signal buffer.
//
 double tempclose = close[i]; if(tempclose>(ExtUpperUpperBuffer[i]+10*Point)) { SellSignalBuffer[i] = high[i]+(20* Point); } else { SellSignalBuffer[i] = 0; } if(tempclose<(ExtLowerLowerBuffer[i]-10*Point)) { BuySignalBuffer[i] = low[i]-(20*Point); } else { BuySignalBuffer[i]=0; } } 
It works!
http://i.imgur.com/Ak3UkkK.png
Green arrows successfully mark out possible sell entries where price closes above the top band, and red arrows mark out possible buy entries when price closes below the lower band.
The logic can be a lot more complicated than this obviously, but the point of my project is to develop the iCustom technique, rather than make a good autotrader.
Now it's time to switch to the EA.
part two to follow
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Gold - November 3 , 2014 (EWI)

Gold - November 3 , 2014 (EWI)
[Gold] is tracing out five waves down from the $1255.61 high on October 21. 
The decline will either be part of a fifth wave, which when complete may mark the end of Minute wave v (circle) of Minor wave 1, or it will be part of Minor wave 3 of Intermediate wave (5), a longer and deeper selloff. Both views are acceptable and both views indicate further selling pressure over the near term. Sentiment is extreme, again. The Daily Sentiment Index (trade-futures.com) is now at just 4% gold bulls, which is the lowest percentage since June 20, 2013 (3%). The extreme last June led to a 2½-day sideways consolidation and then a resumption of a gold decline that erased another $89 from the price. The same behavior does not necessarily have to repeat, but the near-term wave structure suggests gold is not at a significant low. Short term resistance is solid in the $1181-$1195 range. http://myforexforums.com/showthread.php/1310-Gold?p=12104&viewfull=1#post12104

trader #traderlife #uae #onlinetrading #pcmbrokers #learntotrade #forex #dgcx #dubai #mt4 #broker #brokerage #currency #sell #buy #metatrader #gold

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Determines Swing Point Highs and Lows Forex MT4 Indicator HOOL High Open, Open Low – indicator for MetaTrader 4 Higher Highs and Lower Lows MT4 Forex Indicator SWING HIGH LOW - MT4 Indicator  ForexMql.it High Low Objects MT4 Indicator [PRICE ACTION INDICATOR ... Simple Trading System with Daily High Low Indicator - YouTube high and low forex indicator and strategy

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Determines Swing Point Highs and Lows Forex MT4 Indicator

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