This was demonstrated in a Dukascopy JForex demo account for fore Here is an older update from my current algo forex trading strategy. The idea here is to highlight the upward potential but as you will not in this video, there are too many losing trades as well with some big hits on the downside. As a result, I am getting closer to fixing the exit but the entries seem to have some decent timing. Also, I find the shorts can for some reason not profit as they should according to the broker demo account of Dukascopy. Here is some commentary from the video as well:
Very nice. Keep it up. Btw, do you have access to historical data for back-tracking? Or do you not use historical data when trading forex because it’s more intra-day?
Thanks but it seems backtesting for the amount of data (due to 40+ instruments subscribed with 1 min data) is a pure of waste of time. I just test in a demo account with real world scenarios.
That’s really fascinating actually and definitely adds to the challenge! I know that some forex traders like to use 15 minute candles, where as I’m assuming you use 1 minute data. The inability to back-track actually seems to really increase the challenge of proving your success rates (Which again is fascinating). Thanks for your response again!
I minute data sees more opportunity than any other than tick.
Remember I have no affiliation with either company Also, if you are a lawyer and suck it with this:
In its most general sense, a fair use is any copying of copyrighted material done for a limited and “transformative” purpose, such as to comment upon, criticize, or parody a copyrighted work. Such uses can be done without permission from the copyright owner.
This is a piece of open source software I have discovered in the early days of launching my trading business. I have purposely held it back for many years but decided to publicize about it. In short, this piece of software will radically change your trading and how you approach it from an automated way. I also call this a “trading guru killer” where you don’t need to spend thousands of dollars on gurus like Timothy Sykes.
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Eikon isn’t a bloomberg killer. First of all, thomsonreuters has horrible support for all of their products. They’re mainly a market company that attracts customers through flashy advertising campaigns and powerpoint presentations. Second of all, the retail version of eikon can only be accessed through DDE only for data. Thirdly, you can build functionality into eikon, but then you’d be dependent upon the platform. You would just be better off using bloomberg or cqg, not only for execution but for also flexibility in customizing the software. For OTC Derivatives trading and securities trading in general, bloomberg provides free execution capability (all part of the standard 2000 a month package, same price as reuters), bloomberg is also a networking/execution tool, it’s more than just a data-feed/dumb-pipe. Thomsonreuters does offer some capability on that front, though it is extremely limited compared to bloomberg.
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!