Category Archives: Featured

Trading patterns help needed to convert from MT4 to Python

Working on Trading Patterns

After accomplishing the latest set of charts to generate both a long and short term view on forex pairs, the next challenge is determine what is happening to them when they consolidate. It seem the financial pros use many type of trading patterns to determine potential pricing action. This enables traders to see if any currency pair will have a breakout moment to perfect time a market entry.

There are so many different patterns but I have identified the ones NicTrades uses most often. After reviewing the rationale behind them, it makes sense to test them out. As I am using JForex, it seems this pattern functionality is rather limiting in the platform. It is also not quite as advanced in other platforms including Metatrader 4. I even tried looking for coding samples in Python. Unless I use machine language for chart pattern recognition, the choices are somewhat limited. I am also finding to try machine learning at this point will only further delay the implementation of my automated trading. It will be a nice to do this project later in the near future but  I will not be able to do it right now.

Onto Metatrader 4 scripts  the forex trading platform

Being on Mac has its advantages but I will tell you it can limit youth certain software. Metatrader is one of them. You can attempt to run a ‘MacOS’ version through a Wine packaged version. The brokers out there do a poor job at this. I tried running the one from FXPro but it did not run. I did get a version running from XM but they seem to be an unreliable broker being based out of Cyprus. They also take European only customers as well. These were the only ones I tried so I will not further waste anymore time going down this path. Also, I still refuse to run anything on Windows as it is just seems to run like a dog. I even tried running Linux via a virtual machine but I still would rather put staples in my head.

Note that I did find 3 MQL4 scripts that prove to have all the trading patterns I would like to try.

This is where you could come in

Then I had this Eureka moment! Why not hire someone to translate these MQL4 scripts into Python 3?  It should be a problem to find people through this ;community’ since Metatrader/MT4 /MQL4 is super popular. It also involves simple math judging from the source code. There may be some wonky translation of charting code to something within a Python Matplotlib package. Up for a challenge? If so, get in touch with right away.

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Technical analysis moving average confirm higher potential entry for forex trading

Another assessment using technical analysis indicators from yesterday. I used a variety of currency pair. The idea was to showcase the moving average indicators can help determine entry points opportunities.

Moving average parameters used most popular in technical analysis

The averages I used include:

20 day moving average

50 day moving average

200 exponential moving average

I tried to focus on pairs with the most potential upward trend momentum to demonstrate if the pair is to expensive but the moving averages can confirm the story.

The future of these charts can be applied univerally

These charts displayed over the last few days indicate how my new services will help in the future for others to build out better forecasting. It will help justify to the upcoming pricing for both my Elite and monthly Quant Analytic service.

Not only that, it seems that these techniques can be universally to other asset classes including:

  1. commodity such as gold/silver, and energy product including oil
  2. ETF/indices including SPY or breaking it down by volatility or tech sectors
  3. fixed income including treasury or other European central bank assets
  4. regional market indices as well including Asia or European countrie

The educational benefits for you

The next area to be covered will be for educational on how you can apply these techniques for your own trading. Once you have completed control of these, you will be able gauge precise calls to help enhance your portfolio. Is that not the ultimate control we are all after?

 

Gold Price Forecasting Using Python Machine Learning

 

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Currency pair LIVE analysis with Technical Indicators for Feb 21

Currency pair LIVE analysis with Technical Indicators for Feb 21

Presenting the 30 minute video and history of this analysis

Here is the new preview for analysis on various currency pairs. This is still being developed but you can use the charts as explain in posts like here and here.

A 30 minute video explains this analysis with rationale on what took me here.

Timeframes include daily,  4 hour and 1 hour. You can use the overall trend to see if there is any upward potential in the pair for potential trading opportunity. If there, you can quickly analyze at lower levels to determine.

I plan to use 3 different moving average cross among different correction patterns to determine potential breakouts If the overall pair has upward trend, to may be a ripe opportunity to put on positions. .

This simple strategy could be applied to other asset classes including ETF/indices, commodity, and larger stock. As you know, Dukascopy provide similar behaviors through these asset classes as they have hinted. The best potential is crypto currency as well. This strategy maybe used at various institutions since the idea came from NicTrades.

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Fibonacci retracements and trend line charts posted

Here is a set of charts with new indicators I am testing out including Fibonacci retracements and trendline. Later today I will be adding a full analysis for timeframes of daily, 4 hour, and 1 hour. I plan to add not just one trend line to each timeframe but three for potential help in deciphering classic trading patterns as well.   I am hoping to a long video on this process manually to learn about potential break outs from these.

Where did the inspiration come from

A lot of these charts below are generate as being inspired by Nictrade post recently I posted.  These are the important charts for Signal trend-line and Fibonacci retracements

Signal, trend line, and Fibonacci retracements charts which are end of day for 1 year.

Widely used in financial institution

See the charts here as where I plan to start. I heard 2 traders on Bloomberg TV talk about Fibonacci re-tracement levels they use so it appears very popular in the finance industry.

I may introduce this as a separate live bootcamp offering for all my Elite members!

Thanks

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Signal trendline and Fibonacci retracements charts up

Signal, trendline, and Fibonacci retracements charts up

A lot of these charts below are generate as being inspired by Nictrade post recently I posted.  These are the important charts for Signal trendline and Fibonacci retracements

Signal trendline and Fibonacci retracements charts which are end of day for 1 year. Also this script to generate these charts is written in Python.

Trendline

t

Buy/sell signal

Fibonacci retracement

 

Now I need to work on the patterns

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Advanced Markets Forex prime wholesale broker 

Advanced Markets Forex prime wholesale broker

If you need a prime broker for your own potential brokerage, one could use this site: (Advanced Markets FX)

Home

They are using Australian recommendations which support FIX through various platforms.

Frequently Asked Questions

Who are the last few brokers for forex trading reliability

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Look for ABC NICTrades crypto currency Bitcoin notes

Look for ABC NICTrades crypto currency Bitcoin notes

There is a lots of emphasis on how to look for ABC pattern

If you don’t know Nic who does crypto currency trading outlook. She runs a Facebook group with a free Facebook Live stream every Monday nite Eastern Standard. Note she runs it at 9 PM London UK time as well for a couple of hours.

Here is what I think about her technical trading analysis. As you read the notes below on her commentary on each coin, you will quickly realize there is a certain outlook she has for each coin. She is essentially a trend follower with daily chart forecasting and uses 4 hour to confirm short term potential. General indicators used are support/resistance, Moving Average, and Fib level for forecasting targets. There are other classic pattern days used as well. Very interesting how she does it.

Here is my take:

When you analyze the tick and 1 minute, it is tough to gauge on the high speed levels. No targeting is used to calculate is really possible since the pricing can change so fast. Most of my experience ha resulted in many quick losses since it is tough to forecast these. The markets are just too random to explain movements sine they are way to random. As a result, I am rethinking to follow Nic’s overall strategy with target levels using the patterns/indicators.

Oh, you are a hypocrite looking at technical analysis

You are right! When you compare someone who looks fairly successful, it is more smart to use this as a roadmap instead of wasting time guessing in these fast moving random markets. It seems these target levels make more sense. The technical traders don’t seem to care what others think. They just use historical averages what may work with highers of taking place. This compared to to my experience over the last months. I just need a better roadmap like with this strategy from Nic. Let’s see how this plays out. I can overlay this experience with other techniques like quant or fundamental later on.

Nic Trades contact: https://www.facebook.com/NicTrades/

https://twitter.com/nictrades

Correction: It should be Gartley pattern

https://learn.tradimo.com/advanced-chart-patterns/gartley-pattern

Here are the rough notes with no spell or grammar check.

Daily chart

Fib level

target 1 and target 2

wedge breaks up and resistance

ABC correction

look for potential support level

trendline down → look for better entry

20 moving average (first support) → daily close below that

support to retest → compare to USD or BTC

bunch up of average (above 50% above retrace) → need to get above next support level

look more for consolidation

look for ABC correction

need to be higher than 236 level

support for daily moving average

weekly invert (fib retrace) → need 50% of drop on a weekly chart comparison

200 DMA 20 DMA need to be above compare to fib > retest and could against downward always compare against 50%

fib line 618 786 (bullish trend)

https://crawfordstrategyreports.com/fibonacci-retracement

You’ll want to place a stop just past the next resistance level, 78.6%.

golden ratio zone fib and moving average (mid pivot level)

CCI 14,5

fib resistance of previous high

bull bear line overhead resistance

look for 50% Of the drop

trade sideways

look for 4 hour resistance

DMA 50 above →entry

look for flag or pennant (side ways consdolitation) use trendline to measure breakout

https://www.babypips.com/learn/forex/pennants

use alarms for entry level potential

support and resistance trendline

look for pull back → 200 DMA low of potential high

retest open high bounce above 200 DMA measure high and low → bullish reversal

4HR 200 DMA for potential entry

measure first swing

compares against USD or BTC

flag pattern for consolidation

current price below DMA 200 so downtrend→ look for support level

equal measure move from previous high and low → bullish gotly pattern

4 hour chart

fib target project from previoss swing

NEED 3 SWINGS FOR ENTRY POTENTIAL look for ABC pattern correct

triple top

or double level

compare to daily chart

compare crypto performance vs benchmark like BTC

screens 200 coins twice a day

when BTC outperform ETH (be in BTC or maybe LTC)

inverted head and shoulder wedge consolidation

MA 200 close

EMA 20 close

MA 50

look for fib retrace level on projection

bottom and looks for impulsive move or impulsive candle

Understanding Impulsive And Corrective Price Action

wave count

50% drop after rally → look for ABC correct or flag pattern

measure against daily and weekly can take partial profit

look for breakout but could be stuck in range →flat moving average down to fib/support or resistance to measure potential breakout

uses binance

daily chart trend line up to equal measure move of 50% of prior low

fib of high to low to set target (786 fib)

if it continues to drop below fib or support level, drop off potential

use elliot wave

for capital allocation, put into top 3 potentials

 

Warning on your sleazy forex broker account and crypto currency exchange 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Neural network AI is simple. So Stop pretending you are a genius

Neural network AI is simple. So Stop pretending you are a genius

This was a wildly popular topic in my Facebook group.

Here are some quotes that may be relevant for you:

xNeural networks are dumb black box systems. If you torture them enough you can get great fit of test data, but you won’t get great results from randomly sourced tests. AI is really good at spurious correlations….

xqPeople want to ascribe magic powers to AI, but for the most part AI can’t do anything a human can’t. There are some exceptions, but only for transparent AI. Neural Networks aren’t transparent, and even in the transparent systems a human would be able to replicate the final result…

AI can be built to do great things. Neural networks have limitations.

Here is that popular article 

More questions from my previous post

Would appreciate your guidance

I wanted to reach out to you to ask you for some advice & guidance. I am not a programmer, but I am trying to create a solution that will allow me to work with live tick data (Forex mainly) (to create live dashboards, currency strength, momentum etc) and historical data to conduct further analysis.

I was thinking to feed this data into a database (I saw in your video that you are doing something similar). I wanted to get your advice as to the method of getting live tick data (something that does not cost a fortune would be ideal 🙂 ) ..

I spoke to a freelancer who said that Jfoex api is only a java library and it would not allow me to work with live tick data.

I’ve also had a look at a few tools to connect to dukascopy to export historical tick data, its just the ‘live tick-data’ part that I am unsure about.

Any advice would be much appreciated.

My answer was:

If you just want market data use IQFeed forex option for $30/month. Do understand as part of their terms of service, you cannot redistribute this outside of your own use. If you need it for trading, always use the broker’s data to keep in synch. Also, you will need a live Dukascopy account for the live tick data but again only for your purposes. Hope this helps

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

live tick data and risk modeling book questions

I got some details questions for live tick data

More questions from email newsletter subscribers:

Best Book on Risk Models?

I got answer messed up. Sorry. I would recommend if you got the time read:

https://www.amazon.com/Management-Financial-Institutions-Wiley-Finance/dp/1118955943/ref=la_B001IGOKWO_1_6?s=books&ie=UTF8&qid=1518641477&sr=1-6

https://www.amazon.ca/Paul-Wilmott-Quantitative-Finance-Set/dp/0470018704

best but fast place to learn:

https://www.mathworks.com/solutions/financial-services/risk-management.html#risk-modeling

Would appreciate your guidance

I wanted to reach out to you to ask you for some advice & guidance. I am not a programmer, but I am trying to create a solution that will allow me to work with live tick data (Forex mainly) (to create live dashboards, currency strength, momentum etc) and historical data to conduct further analysis. 

I was thinking to feed this data into a database (I saw in your video that you are doing something similar). I wanted to get your advice as to the method of getting live tick data (something that does not cost a fortune would be ideal 🙂 ) ..  

I spoke to a freelancer who said that Jfoex api is only a java library and it would not allow me to work with live tick data.

I’ve also had a look at a few tools to connect to dukascopy to export historical tick data, its just the ‘live tick-data’ part that I am unsure about.

Any advice would be much appreciated.

My answer was:

If you just want market data use IQFeed forex option for $30/month. Do understand as part of their terms of service, you cannot redistribute this outside of your own use. If you need it for trading, always use the broker’s data to keep in synch. Also, you will need a live Dukascopy account for the live tick data but again only for your purposes. Hope this helps

More resource links here:

Get the Dukascopy video courses here

Videos

 

https://www.mathworks.com/solutions/financial-services/risk-management.html#risk-modeling

https://www.mathworks.com/solutions/financial-services/risk-management.html#risk-modeling

https://iqfeed.net/symbolguide/index.cfm?symbolguide=guide&displayaction=support&section=guide&web=iqfeed&guide=forex&web=IQFeed&symbolguide=guide&displayaction=support&section=guide&type=TENFORE

http://www.iqfeed.net/index.cfm?displayaction=data&section=fees

https://github.com/giuse88/duka

https://www.dukascopy.com/client/javadoc/com/dukascopy/api/IHistory.html#getLastTick(com.dukascopy.api.instrument.IFinancialInstrument)

Videos

64 bit version Dukascopy Forex tips with Bitcoin crypto addition

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Amazing lessons of latest algo forex trading strategy

Amazing lessons of latest algo forex trading strategy

This is the second round with a redesign as explained in this video. It seems my winning open entries are usually at around >50%. This is good while I still need tocorrect the exits which is the exact rationale for my previous round. This video does deep  deep analysis on what is driving the results and rationale.

 

As we get closer, I have many live workshop content I will be developing in the coming weeks. This will be the usual one time live events most likely on a weekend. This will be part of my annual Quant Elite subscription. Please forewarned about this as the costs for this will be going into thousands once this strategy development is complete.

In the meantime, get introduced my style of programming with Dukascopy forex broker below!

Thanks Bryan

 

Technical Analysis trading with TA-Lib with Python

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!