I am bringing out Oanda’s forex and CFD eventually. Here is one analysis using Friday’s prediction to today. I just find crypto gives way better success compared to forex and CFD. No leverage need neither.
One last analysis LIVE to good music. I need to FINALLY convince myself forex/CFD is worthless to trade. Waste of money. Join me LIVE on how I do this right now! THIS IS NOT BEING RECORDED or NO PLAYBACK WILL BE AVAILABLE!!!
Dec 19, 2018 7:00 PM Eastern Time (US and Canada)
Bryan Downing is inviting you to a scheduled Zoom meeting.
Topic: Analyzing forex CFD vs cryptos
Time: Dec 19, 2018 7:00 PM Eastern Time (US and Canada)
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A mixed day across the forex, crypto, and CFD asset classes. In this video, you can clearly see how well many pairs did with amount of swings over an hour or 3. It is quite impressive while forex and CFD is quite paltry. You might agree as to why I really like the crypto space as well.
I will be doing more of this type of analysis. I mostly focus on CFD and forex looking for patterns and relationships. I think i found some but it would be great if I could automate this whole process. I feel volume will be a big factor for executing orders if the instruments have low volume. As I have shown in this video, it seems Oanda does not update price moves if there are not another order.It seems to throw off the charts so I need to address in the Analytics service.
I also talked about the strategy course which I put below. This will be one sale for a vey limited time swell which will close off in a few days.
Zero to Hero limited course on sale which closes in a few days
I made another video for a half hour. It seems the first mistake I made was looking at BTCUSDT which is Bitcoin /Tether not Bitcoin/USD. This is all according to the Binance exchange which can easily be confused with. This is a 30 minute video focusing on the crypto currency pairs that have generated. As mentioned, you can refer to these previous postings on this blog
Watch my 11 minute video below to let me know what you think via commenting
My exit forex trading struggles
This video presents 8 random forex trading (from Dukascopy Jforex 3) positions that my current automated trading system picks up. It seems that the Average True Range and Simple Moving Average fast/slow moving crosses are lagging. The only reliable exit indicator is the equivalent of ‘take profit’ but I choosing potentially Profit N Loss in US Dollar for any open position. Would it not make sense to statistcially calculate the best target with most likely peak average of any position.
What this video reveals
This shows how random these positions. It is so random that there is no pattern but still some positions exceed $.70 for 0.001 amount traded. This is from my Dukascopy API which can call Profit and Loss in US Dollars for any open order.
What to do?
Should you use a combo of the Average True Range and Simple Moving together. Should you allow the trader to stay open e.g. as in hours? It seems the ATR is useful for the downside risk to protect your bad trades. It just seems that there are too many (money losing) trades as you can see in this video.
What would you do?
It seems you could any which way you would go concerning these combination of indicators. Someone even recommend Hull This was recommended within my private Telegram group:
For an idea of an exit, something I’ve tried in the past is using the Hull indicator set to a period of 2. When there is a large excess beyond something like a bollinger then that’s the end of a movement.
Here are some internal links to help you from this blog
Note: This Python script can easily be enhanced to highlight figures of each sector to quantity exactly long and short opportunities as explained in the video
Eyeball guesses to high potential of this Python script which is part of my Algo Trading Course Series