Category Archives: Forex

Forex vs Crypto Currency Online Meetup plus Toronto Social 

Forex vs Crypto Currency Online Meetup plus Toronto Social

I have sheduled 2 events starting this Monday:

(Also, any folks in Quebec City out there?)

Do forex or crypto currency automated trading

Monday, January 22 at 7 PM – 10 PM
Next Week

Online via Zoom.us

Let’s talk the benefits and cons of each. I am getting more proficient at forex trading but still learning crypto. We can about the pros and cons of each.

https://www.facebook.com/events/144159196273773/

And Our Monthly Social
Monday, January 29 at 7 PM – 10 PM

5051 Yonge St, North York, ON M2N 5P2, Canada

Details
• What we’ll do
This is our usual social din din but this time it is in late jan.

• What to bring
yourself

• Important to know
all tax included in your bill as we are more than 6

Jan social Meetup

Monday, Jan 29, 2018, 7:00 PM

2 Members Attending

Check out this Meetup →

https://www.facebook.com/events/397904987313672/

Social Meetup din din late Jan edition

Monday, Jan 29, 2018, 7:00 PM

1 TO Forex Traders Attending

Check out this Meetup →

Meetup Jan 15: Trading results with systematic process

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!

Latest killer automated forex trading strategy update

 

From description of the video

Here is the latest results as I am getting closer to better exits. The entries are pretty accurate most of the time but still need to analyze further once complete

 

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!

Dukascopy may add liquidity instruments like crypto currency

 

I must say that this Dukascopy has added all the important ETFs thank are highlighted by news services like Bloomberg. This now just came in:

Today we offer leveraged spot trading of 500+ instruments including FX, Metals, CFDs on commodities (Oil, Gas, Copper), major indexes, single stocks (14 countries) and binary options on FX. This  is well-known ECN liquidity provider. Our bank continuously improves execution quality, liquidity and the list of tradable instruments. Next important steps will include crypto currencies.

Life will now get interesting which means I can trade these thing legitemately as well without modifying this current strategy much.  Can you imagine?

Dp note that this broker not take American residents for some reason

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!

Java programmer for your own algo trading bot

Build your own algo trading bots to control your output and cash flow.

Query from Youtube commenter for ‘career’ advise

Hey Bryan, I am an ambitious java programmer you can call me. I know that most java programmers have 10+ years of experience and I’m just a young gun, but I really love learning java and using it to create things like automated trading robots, 3d games. I’ve literally made my dreams come true with java at such a young age.I couldn’t be more grateful, but there is still so much in this world for me to learn about. I understand that everything in life subjective, meaning what works for one doesn’t work for another. I am always seeking to learn about opportunities. I just completed my first swing-trading robot and am looking to push things forward.

I’ve been building robots ever since I started game development, people would hire me to build them robot scripts on video games, and I used that same knowledge to build my first trader robot. Maybe or not it matters to you that I am making this comment I don’t care, but I would love your thoughts on what a java programmer in his young age should be focusing on next. I’m very proud of my accomplishments, I love putting in the work, please give me your thoughts on what has potential, such as automated forex trading, etc. I’m not trying to chase the next big thing as I’m happy with my swing-trading bot, I’m only trying to learn, thank you!

My summary

I am not sure where you live. I know people who make decent $ building forex bots for others in the Dukascopy JForex API world. If you get something worthy to trade automatically, you can earn extra nice $ for yourself automatically so I would focus my efforts there

Meetup Jan 15: Trading results with systematic process

#1 goal in forex trading is not to lose money but profit is 2nd

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!

Do you short or sell a falling forex pair for profit

Do you short or sell a falling forex pair for profit

Looking for your advise here when you do this automatically or manually

https://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2012/02/07/Short_Sell_Basics.html

 

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!

Trading results with systematic process Meetup video playback

Trading results with systematic process Meetup video playback

Here is the decscription of this webinar which will improve your trading results immensely

Meetup Jan 15: Trading results with systematic process

 

Here are my notes:

I am willing to talk about the psyche of trading when human greed kicks in versus following computer code logic. This is a tough battle to overcome but I think this is an important discussion to understand the psyche of this.

After talking to dozen upon dozens of retail traders who do and rely on technical analysis and indicators have their heads literally poisoned with negative propaganda that negates their trading results. I have fallen for that in so many ways in the last few weeks. Let’s address that if you ever want to transform yourself into having an automated or algorithmic or systematic trading setup.

–→ Do you believe in this theory?

More traps are laid out one must overcome with this notion of over-engineering their strategies with all these complicated indicators hoping that the moon will provide 5 Elliot waves to give them mercy in lucrative riches. Or how about those Fibonacci retracement levels that for some reason never work out.

do you really beleve in Fib or 5 Elliots work like magic on these extact wave X number of patterns? Is the market not so random it is hard to confirm these theories ?

1, Minimize your indicators

2. keep it simple

3. program a way to watch your order log when you put on a positions (entry), analyze your the evolution or life cycle of the position. Looks for peaks and if you can, watch the peak profit level of the actual position. Your broker API may have a simple method like P&L in USD. If not, you percent of move since entry. Note that position will go negative due to spread but if you have positive momentum, it should break out

4. confirm your max and min for break out when shorting or longing

5. always cut your loss once your position goes against you e.g. direction/momentum may come back but cut at approx 10% – always to minimize loss !

6. watch as many assets your hardware → the more the higher the # of opportunity

5. watch at a lower time frame like 1 minute since there are more opportunity but know how to minimize false positives and fake noize (this is the problem)

6. you can allow the profit for monster profit, I have seen if you hold position for many hours 7 or 8+ you will find huge profit but don’t get greedy, your pogramming logic should allow this instead of hard stop loss

7. note that I have scrapped 3 versions and rewevamping for a 4th time to keep the code tight, expect to keep doing that as part of your strategy development

IB

A CCOUPLE OF MONTHS IF Value of DELTA (safe zone) HIT CERTAIN VALUE e.g. iron condor
Fibonacci
Think or Swim
TRON
stop loss at 2 SD

#1 goal in forex trading is not to lose money but profit is 2nd

Video courses on Interactive Brokers and Dukascopy forex automated trading

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!

Dukascopy Europe and JForex 3 vs MT4 for helpful algo forex trading tip

Dukascopy Europe and JForex 3 vs MT4 for helpful algo forex trading tips

Dukascopy Europe and JForex vs MT4 for helpful algo forex trading tip

Question from someone on my email
(It is quite obvious English is not a primary language for this person)

hey sir

i learn jforex 3 demo on video in youtube then i find ur video and i enjoy ur explain in jforex 3 and i know u trade dukascopy Swiss i ask u plz if u ok

 

whats ur opnion dukascopy europe ? coz i dont have any depsoite 5000 dollars and i just stay depsoite is 1000 dollars

whats ur opnion jforex 3 ? is it better than metatrader four right sir ? and why ?

do u use vps server for jforex 3 ? coz i have internet is weak in my country

thanx sir

Here is the answer in the video

Read Now
Question from someone on my email http://quantlabs.net/blog/2018/01/dukascopy-europe-jforex-3-vs-mt4-helpful-algo-forex-trading-tips/

Questions and answers new to forex trading

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!

Dukascopy Europe and JForex 3 vs MT4 for helpful algo forex trading tips

Dukascopy Europe and JForex vs MT4 for helpful algo forex trading tips

Question from someone on my email

hey sir

i learn jforex 3 demo on video in youtube then i find ur video and i enjoy ur explain in jforex 3 and i know u trade dukascopy Swiss i ask u plz if u ok


whats ur opnion dukascopy europe ? coz i dont have any depsoite 5000 dollars and i just stay depsoite is 1000 dollars

whats ur opnion jforex 3 ? is it better than metatrader four right sir ? and why ?

do u use vps server for jforex 3 ? coz i have internet is weak in my country

thanx sir

Dukascopy JForex JVM heap size MAY prevent your system from crashing 

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!

#1 goal in forex trading is not to lose money but profit is 2nd

 

#1 goal in forex trading is not to lose money but profit is 2nd

These two videos clearly explain the latest overnight trading session test (Jan 10) for this automated trading strategy with Dukascopy JForex. For 12 hrs it ran, it made over $15 during that time frame vs the usual multiple days of losing money.

I have changed a few checks in the trading logic as explained in the video. The number one goal was to eliminate potential bad trades (unprofitable) which may have been accomplished with the latest fix. It is that simple but I am surprised no one never thinks of it nor is there a popular indicator that does this. It seems to work but there is lots more testing to confirm this theory.

The other big fix was to allow JForex to run the Java virtual machine higher heap size. The link to the detailed fix is below. As it stands the current strategy consumes up to 1.5 GB of RAM when running but is within the allowed 3.6 GB heap. It even allows the strategy to run through the night instead of crashing as my previous experience.

One last thing in the deep analysis video is to find if the position life cycle gets more profit before it closes it on the exit. Some examples were here so that needs to be improved. These could probably eek out another 25% profit for each successful position. Another note is to improve the average true range indicator to minimize each losing position while cut the loser much faster to preserve higher daily profit.

ALl in all this is a great start to hopefully more successful trading test sessions as I improve this strategy.

Dukascopy JForex JVM heap size MAY prevent your system from crashing 

True range forex trading market random performance video

Video courses on Interactive Brokers and Dukascopy forex automated trading

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!

64 bit version Dukascopy Forex tips with Bitcoin crypto addition

64 bit version Dukascopy Forex tips with Bitcoin crypto addition

This is correspondence from some very knowledgable in Dukascopy JForex on tips for Memory, Installation, and surprise Bitcoin trading


1) JForex heap space
it says min. RAM 1GB here: https://www.dukascopy.com/swiss/english/forex/trading_login/
But it is too little most of the time.

Do you use 64 bit Java ?
Have you increased the heap size?
Probably you have, but just in case here come my instructions on this topic

—> I have done this which helps


2) Allow more memory usage of JForex
Don’t use the installed JForex, use Launch JForex 3 (No-installation) instead!
To increase the memory you have to edit the JForex start file, which you get from this website if you click on “JFOREX DEMO START”: http://www.dukascopy.com/swiss/english/forex/trading_login/marketplace_demo_login/
You can use the right mouse botton to save the file to a destination where you can find it. From there you should be able to edit it.

Here is everything in detail:
a) First of all please check your operating system. It has to be a 64 bit operating system.
b) Then check your Java version. It has to be a 64 bit version. If not, deinstall your current Java and install the 64 bit version. You can find it here: http://www.oracle.com/technetwork/java/javase/downloads/jre7-downloads-1880261.html
download the latest JRE 7, 64 bit version: Windows x64 . Take Java 7 as it is better tested with JForex. But it should run with Java 8 as well.
c) Instead of running JForex from dukascopy.com, you have to download the jForex.jnlp file on the hard drive and edit it as mentioned above.
d) Open the jForex.jnlp file and search for the following line :
<java version=”1.6+” initial-heap-size=”32m” max-heap-size=”512m”/>
e) Edit it and set the max-heap-size to 1512m or more. This gives JForex 1.5 GB of max. memory or more.
f) Then run JForex from the modified jnlp file on your hard drive by a double click. Log in.
g) Be aware: when Dukascopy makes JForex updates, you might have to download the new jnlp file again and redo the previous described steps.

 

-> Have not tried but prefer to run the downloadable self running without the JNLP option


You might then see that JForex uses way more memory than 700 MB, e.g. while back testing, you will see this usage in the task manager.
You can also watch your current JForex memory consumption in JForex by activating the box “Show Java memory heap”, you can find this in Menu Tools->Preferences->Advanced.

3) Running serveral JForex
Have you ever tried to open several JForex on the same account.
This shares CPU cores and should increase speed.
Maybe you should open 10 instruments per JForex. Subscribe only to instruments, which are used in the opened JForex.
—> that would be useful but a wonky programming trick. Would it not just be better to have more RAM on a server while watching more instruments? e.g. in my case 40 to 60+

—> Not bad so congrats on that. I am getting more comfortable but i may do topic of it next Monday


6) BTC/USD on Dukascopy
Have you also detect Bitcoin mentioned here:
https://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=113&t=56002
https://www.dukascopy.com/client/javadoc3/com/dukascopy/api/Instrument.html#BTCUSD
Seems they get ready for Bitcoin and Ethereum.

—> This is HUGE so thanks for these notes

Video courses on Interactive Brokers and Dukascopy forex automated trading

Dukascopy JForex JVM heap size MAY prevent your system from crashing 

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!