#Dukascopy Indicators

[good-high-vibe]

To achieve a highly precise backtesting environment for GBP/USD with the flexibility to “zoom in” and “zoom out” across all timeframes (from 1-minute to weekly) and to view trades as they would have been executed in real time, we’ll need a robust setup that goes beyond typical backtesting tools. Here’s a breakdown of the most reliable tools, platforms, and data sources to achieve this level of precision.

Key Requirements for Precision Backtesting:

One, High-Resolution Data: Access to high-frequency tick data or minute-level data is essential. This data should cover extended historical periods, especially for lower timeframes like 1-minute charts.

Two, Data Accuracy and Granularity: Precise bid/ask data is necessary to simulate spread costs, slippage, and true price action at each timestamp.

Three, Multi-Timeframe Analysis: The backtesting environment should support multi-timeframe analysis so you can test strategies across 1-minute to weekly charts without compromising accuracy.

Four, Realistic Execution Simulation: The backtester must simulate real-world conditions, including spreads, slippage, latency, and order execution rules for all timeframes.

Recommended Setup for Precision Backtesting:

One, Data Source:

Dukascopy or TrueFX. Dukascopy offers high-quality tick data with bid and ask prices, often considered one of the best for FX backtesting. Data from Dukascopy is free and covers an extensive period for major forex pairs like GBP/USD. TrueFX also provides accurate historical tick data for forex pairs, which is ideal for precise backtesting. You can download data from these sources and clean it for high-precision backtesting, or use a provider like HistData for minute-level data if tick data isn’t necessary.

Two, Backtesting Framework: QuantConnect, Backtrader, or Zipline. QuantConnect is an advanced, cloud-based backtesting platform that can handle minute-level to tick data. It supports multiple asset classes and timeframes, allowing you to zoom in and out with precision. QuantConnect’s Lean engine can simulate realistic market conditions, including slippage, fees, and multi-timeframe analysis, in an institutional-grade environment. It’s free to use with paid options for cloud processing, but you can deploy it locally for free. Backtrader is a popular open-source framework that is highly customizable. While it doesn’t support tick data out of the box, it’s possible to extend it to handle tick data. Backtrader supports multi-timeframe analysis and is great for strategies that need 1-minute to weekly granularity. Zipline is another open-source option, but typically used more for equities. Zipline might need customization for forex trading and isn’t natively tick-compatible, which might make it less ideal for precise, tick-based forex backtesting.

Three, Precision Execution Simulation: AlgoSeek or Custom Slippage Models. For the most realistic simulation, using a tick-level backtester like QuantConnect allows you to implement custom slippage and execution models that mirror actual market dynamics. AlgoSeek offers accurate slippage modeling for backtesting environments if you need real-world order book data to enhance your simulation.

Putting It All Together in Python with QuantConnect’s Lean Engine (Tick and Multi-Timeframe Compatible):

Here’s an overview of how to achieve your goal with QuantConnect’s Lean engine for GBP/USD backtesting:

One, Acquire Historical Tick Data for GBP/USD using Dukascopy or TrueFX.

Two, Configure the QuantConnect Environment: Set up QuantConnect’s Lean engine locally and import the tick-level historical data. Define multiple timeframe indicators in your strategy code to switch between 1-minute and weekly views for analysis.

Three, Define Strategy and Execution Logic: QuantConnect allows defining multi-timeframe strategies easily. For example, you can set different indicators for 1-minute, 1-hour, and weekly timeframes and trigger trades based on conditions met across these timeframes.

Four, Implement Realistic Order Execution: Use QuantConnect’s slippage and spread settings, or write custom logic to mimic real market conditions for different timeframes.

Five, Run and Visualize the Backtest: You can visualize trades as they would occur on different timeframes and analyze the strategy’s behavior from the 1-minute level to the weekly level.

Additional Tips for Precision:

Tick-Based Slippage and Latency Models: Implement a custom slippage model if necessary, to account for market impact based on the volume and volatility. Spread Modeling: Forex spreads change based on market conditions, so make sure to use realistic, dynamic spreads rather than fixed ones. Order Book Data for Advanced Slippage Models: For ultra-precise modeling, consider using historical order book data if available (though it may come at a cost).

This setup provides a very high level of detail and realism, especially for forex pairs like GBP/USD, and will allow you to zoom in and out across different timeframes while maintaining realistic order execution and slippage settings.

[forexdirectory1]

Dukascopy Webinars

"Dukascopy continues to improve and expand its range of services, feel free to join Dukascopy and its community for live webinars. Learn about various products of Dukascopy through our webinars and you are welcome to share your own experiences / ideas / topics with others by conducting your own webinars."

[daimonclub]

Market financial and business news

Market financial news Market financial and business news, an article with some quotes, tips and very useful Dukascopy Bank widgets to inform you on the most important updated economic world financial news. Personal finance is only 20% head knowledge. It’s 80% behavior! Dave Ramsey It’s simple arithmetic: Your income can grow only to the extent that you do. T. Harv Eker Money, like emotions, is something you must control to keep your life on the right track. Natasha Munson Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble. Warren Buffett In fact, what determines your wealth is not how much you make but how much you keep of what you make. David Bach A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life. Suze Orman Don’t tell me what you value, show me your budget, and I’ll tell you what you value. Joe Biden Beware of little expenses. A small leak will sink a great ship. Benjamin Franklin A budget tells us what we can’t afford, but it doesn’t keep us from buying it. William Feather Money isn’t everything, but it’s right up there with oxygen. Zig Ziglar A man who does not plan long ahead will find trouble right at his door. Confucius Make sure you have financial intelligence… I don’t care if you have money or you don’t have money… you need to go and study finance no matter what. Daymond John You can have excuses or you can have success; you can’t have both. Jen Sincero Tough times never last, but tough people do. Robert H. Schuller The way to get started is to quit talking and begin doing. Walt Disney Like it or not, money makes the world go round. It provides you with basic necessities and helps you achieve your savings goals. Unfortunately, money doesn’t grow on trees. That's why market, financial, and business news are crucial for making informed investment decisions. By staying informed on these fronts, investors can make better decisions, manage risks, and capitalize on opportunities. So you must be well informed about trends, sentiments and economic indicators. Market news provides insights into overall market trends and investor sentiment, which can influence stock prices. Then information on economic indicators (e.g., GDP growth, unemployment rates) helps investors gauge the health of the economy, which affects investment choices. As far as financial news they concern companies performances, and they includes earnings reports, financial statements, and performance metrics of companies. Analyzing this data helps in assessing the profitability and financial health of a company. Don't forget top watch carefully their valuation, since updates on stock valuations and comparisons with industry peers help investors determine if a stock is overvalued or undervalued. Last but not least there are business news, such as industry developments. These kind of news covers industry-specific developments, technological advancements, and competitive dynamics that can impact a company's growth prospects. And finally information on mergers, acquisitions, partnerships, and other corporate actions can significantly affect a company's stock price and future performance. So, since everyone faces a difficult financial period at some point, no need of panicking or becoming overwhelmed, because it’s important to note that these times are perhaps only temporarily. Certainly you must be ready for a lot of hard work, smart planning and determination, and doing like this any financial situation can be turned around over time, no matter how bad it is. Dukascopy Financial News Online The Online News web widget is an embeddable real-time financial news aggregator. It streams announcements and articles on Forex and commodity markets, companies and stocks, and global economies from approximately 500 news providers, including central banks, credit rating agencies, auditors, stock exchanges, and major news agencies such as Reuters, MarketWatch, and CNBC. The live stream is available in 22 languages. The Market Summary widget gives a quick overview of the latest developments in various Forex instruments and commodity, stock, and index CFDs. As such this widget incorporates four others – Live Quotes, Average Spreads, Daily Highs and Lows, and Sentiment, thus aggregating the data on latest bid and ask prices and trading volumes, average spreads for different time frames, high and low prices for selected dates, and current differences between buy and sell positions. The Technical Indicators web widget is an embeddable technical analysis tools that gives an overview of trading signals based on the most popular indicators: Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Stochastic Oscillator (Stochastic), Average Directional Index (ADX), Commodity Channel Index (CCI), Aroon Oscillator (AROON), Alligator, and Parabolic Stop and Reverse (SAR). The widget translates the values of the indicators into three types of signals: “Buy”, “Sell”, and “Neutral”. The signals are available for various Forex market instruments, commodity, index, and stock CFDs, and bitcoin, for time frames ranging from five minutes to one month. You can find out more visiting the following pages: Finance and trading news Trading and finance indicators Managements last news Investments wealth news Market news and events www.dukascopy.com Yahoo business news Yahoo finance news Bloomberg last news Read the full article

[trading-critique]

Forex Trading in Europe: Regulation, Legality, and Best Platforms

Forex trading is the procedure of buying and selling currencies on the global market. It is one of the most popular and liquid forms of trading, with an average daily turnover of over $6 trillion. Forex trading offers many benefits to investors, such as diversification, leverage, low costs, and 24-hour access.

Yet, forex trading also involves significant risks, such as volatility, leverage, fraud, and scams. Therefore, it is important to understand the regulation and legality of forex trading in different countries before entering the market.

This article will explore how foreign currency trading is regulated and legal in various regions and countries worldwide. Additionally, we will compare and contrast the best forex trading platforms and the basics of forex trading in each area. By the end of this article, you will have a better idea of how to trade forex safely and legally in different countries.

Europe has a large and well-regulated forex market, with a uniform set of rules and regulations for all European Union member states based on MiFID II principles. A legal and common way for FX brokers to operate in the EU is to obtain a license in a region like Cyprus and then “passport” regulation to all EU member states.

Yet, it is important to note that each EU member state has its own specific laws and regulations, which may sometimes differ from or add to the EU legislation. Therefore, forex traders and brokers need to be aware of the different requirements and restrictions that apply to each country or region. For example, some countries may have lower leverage limits, higher capital requirements, or stricter reporting obligations than others.

Some of the Most Reputable and Well-Known Forex Regulators in Europe are:

Cyprus Securities and Exchange Commission (CySEC): Cyprus is one of the most popular jurisdictions for forex brokers to obtain a license in Europe, due to its low taxes, flexible regulations, and access to the EU market. CySEC oversees and enforces the compliance of forex brokers with the MiFID II rules, as well as protecting investors and ensuring market integrity. CySEC also regulates some of the top 10 forex trading platforms in Europe, such as eToro, XM, and FXTM.

Financial Conduct Authority (FCA): The FCA is the main regulator of financial services in the UK, which remains one of the leading forex hubs in the world despite Brexit. The FCA regulates forex brokers under the MiFIR framework, which is similar to MiFID II but with some differences. The FCA aims to ensure fair and transparent markets, promoting competition and innovation, and protecting consumers and investors. The FCA offers some of the top forex trading platforms in Europe, including IG, Forex.com, and CMC Markets.

Swiss Financial Market Supervisory Authority (FINMA): Switzerland although not a member of the EU, maintains a close relationship with the EU and follows many of its standards. FINMA is the independent regulator of financial services in Switzerland, including forex brokers. FINMA sets high standards for forex brokers' capital adequacy, risk management, anti-money laundering, and investor protection. FINMA oversees some of the top 10 forex trading platforms in Europe, such as Swissquote, Dukascopy, and Saxo Bank.

These are just a few examples of forex regulators in Europe. Many other countries or regions, including Germany, France, Spain, Italy, Denmark, Sweden, etc., have their own regulatory bodies. Forex traders should always verify the license and reputation of their chosen broker before opening an account and trading in different countries or regions. They should also learn the basics of forex trading, such as how to read charts, use indicators, and place orders.

In conclusion, we have explored how forex trading is regulated and legal in different countries and regions in Europe. We have also compared and contrasted some of the basics of forex trading in each area.

We hope this article has given you a better understanding of how to trade forex safely and legally in different countries. But, before you start trading, we recommend that you do your own research and follow the local laws and regulations of your chosen country or region.

You should also choose a reputable and licensed broker that suits your needs and preferences. Forex trading can be a rewarding and exciting activity, but it also involves significant risks. So, you should always trade with caution. We, Trading Critique solve these concerns of every trade by providing training and expert advice on forex trading. Contact us now!

[tradingsystemsforex]

Automated Forex Trading Testing ... Testing 1, 2, 3 is a great article or trade setup posted on Winners Edge Trading

New Post has been published on http://winnersedgetrading.com/automated-forex-trading-testing-testing-1-2-3/

Automated Forex Trading Testing ... Testing 1, 2, 3

Mark Thomas — Trade On Track

An important step in the development of an automated forex trading strategy (trading robot or EA) is the testing phase. Testing should involve back-testing as well as forward-testing and be performed as accurately and extensively as possible. No amount of testing can absolutely assure future results, so the idea is to be as sure as possible!

Why Test?

The answer seems obvious … so that you can be reasonably sure of what you’ll get from your automated trading strategy in future. Testing means you can see how your strategy has reacted in the past to different market conditions. You can gauge whether the strategy has worked against different currency pairs or different time frames. You can test variations of the strategy to see what works best overall, and what should be avoided. Testing a strategy can give you the confidence to keep using the strategy in future if the past results have been profitable and consistent.

How do you test?

To back-test a trading strategy, you first need to obtain some historical data. The historical data contains information about price levels in the past, such as open, high, low and close information. You can get historical data for daily intervals (this is the easiest to get), where each record contains open, high, low, and close prices for each trading day. More detailed data can also be obtained for shorter intervals such as hourly, 5 minute or even 1-minute intervals. Generally, the shorter the time frame, the more accurate you can make your back-testing.

The first place to look for historical data is your broker. Many brokers offer free data downloads if you have a live account open with them, and the data is usually of quite good quality. Your broker’s historical data will also most likely be the same data that is used to draw the charts that you trade off, so it’s easy to look back through your charts and visually check how your strategy plays out.

There are other sources of data too, some are free, some involve a cost. It’s a good idea to obtain good quality data from a number of different sources for your back-testing. Data can vary, so it’s good to be able to test your strategy on the different data sources to see if it holds up. Dukascopy (http://www.dukascopy.com) is a good source of data, and you might also try Gain Capital (http://ratedata.gaincapital.com/)

To actually perform the back-testing, you’ll need a software program which processes the historical data and executes your trading strategy using that data. Trades aren’t actually executed, of course, the execution is just emulated within the software. Based on your strategy, the program can keep track of when the trades would have been taken, how profitable they were, how many winners compared to losers you had, and many other statistics related to the performance of your strategy.

The most accessible automated trading forex software program to do this is Metatrader 4 (MT4). It has a built-in strategy tester and you don’t even need to download any historical data first – it will do it for you automatically. The downside to MT4 is that you first need to write an EA which implements your trading strategy. Writing an EA involves writing a computer program in the MQL4 language – the scripting language that MT4 understands. So, you’ll need to be able to program in MQL4 or get a programmer to do it for you if you want to go down this route.

If you like to get your hands dirty in computer code, you can also just write a program to back-test the strategy using the historical data. There is usually a library available for your favorite language which contains the indicators and other statistics you may need to test the strategy, such as EMAs, SMAs, MACDs, RSIs and so on. For instance, there is a freely available library called “profitpy” for the Python programming language which allows you to build a strategy tester.

For non-programmers, check out http://www.thinkingstuff.com. Their system allows you to develop and back-test strategies using point-and-click technology. What this means is that you don’t have to write any programming code, you just use your mouse to select options and the Thinking Stuff software builds the back-testing code for you.

Other related sites for strategy testing include: http://forextester.com/ and http://forexsb.com/

Testing Pitfalls

Back-testing and getting good results doesn’t necessarily mean that you have a good automated trading strategy. There could be flaws in your back-testing procedure or data which is affecting your results. Some common back-testing problems include:

Optimizing (or curve-fitting) the strategy too much. If you tweak and re-tweak your trading strategy to give the best results possible using the data that you have available, then you run the risk of tailoring it too close to that data. If there are too many parameters or filters involved to make the strategy work, then you may have problems in getting that strategy to give satisfactory results in the future. Sometimes you’re better off NOT optimizing so much – give the strategy a little room to breathe, make it a little simpler or more flexible. A lightly curve-fitted strategy is likely to give better results in the future.

The data isn’t detailed enough. If you have 15-minute historical data and you’re testing a strategy that works on the 15-minute chart, then the accuracy of back-testing is going to be quite limited. For instance, if in one 15 minute period (one 15 minute bar) price shoots up and reaches a point that would have hit your target and it also reaches down to a place where it would have taken out your stop loss, how do you determine whether your target was hit first or your stop was hit first? The answer is, you can’t. Without going down to a lower time frame or even tick data, there is no way from your historical data that you can tell whether price went up first or down first. You only have open, high, low and close information. So, if your data is limited in detail, your back-testing program should take the worst case scenario in this example and assume that the stop was hit first.

Data is bad quality. Some free data sources are terrible quality. There are gaps in the pricing (from the close of one bar to the opening of the next bar), there are incorrect prices, and sometimes there is just no data where there should be some! Try to obtain decent quality data and when in doubt, try to obtain data from a number of sources and get the best results possible from all sources.

Forward-Testing

All of the above has dealt with back-testing, but forward-testing is also important. Forward-testing an automated trading strategy involves running the robot trading software in a live (or demo) trading account and monitoring the results over a period of time. You may be surprised that something that works really well when back-tested, does not perform very well when running on live data. This can be because of the curve-fitting problem mentioned above, or because you’re striking market conditions that haven’t been tested in the past. Forward-testing can also uncover other problems in your back-testing that you weren’t aware of, so it’s essential to forward test, preferably on a demo account before moving to a live account.

Once you’ve back-tested your strategy on a good sample of historical data and you’ve forward-tested it too, you can be confident that your future (or at least, near future) results will be fairly similar to the results you’ve had to date. Never just let a trading robot loose though – always monitor what it’s doing because markets can be unpredictable you want to be ready to pull the plug should something go wrong.

[fuck-andstuff-blog]

Demo trading platform india

Traders want to see their own results to understand if they're making progress. BINARY X TRADER claims to show live outcomes of different traders that you wonder the method by which they help you. Demo trading will be able to help you discover what kind of trading fits you best. Furthermore, mobile trading likewise gives a wide variety of analytical alternatives and the graphical display of quotes for good account administration. TT is powerful, yet user friendly. TT is totally hosted, so there are not any infrastructure or maintenance expenses. TT includes pre-canned popular features, like inside clever quote, which you may easily tweak and enhance. A demo account is a superb approach to receive hands-on experience featuring all the advanced features of Ironbeam's top platform. There's one standard account that accompanies a completely free demo account for practice. To try out this App you want a Dukascopy Bank SA DEMO trading account that can be opened straight from the App along with via regular DEMO registration. The computers weren't on the net or a LAN. The BINARY X TRADER process is however designed in a way that isn't comprehensive that doesn't depict the trading indices in a transparent manner. It is binary options system developed by Alfred Thompson and is quickly gaining a lot of unnecessary attention. http://getanyplatform.com

[europe-top-10-forex-brokers]

Europe Top 10 Forex Brokers

Discover the Europe Top 10 Forex Brokers

XM

XM sets high standards to its services because quality is just as decisive for them as for their clients. XM believe that versatile financial services require versatility in thinking and a unified policy of business principles.

MARKETS.COM

Markets.com is one of the world’s fastest growing Forex and CFD providers, offering advanced yet user-friendly, in-house trading platforms. Trade Stocks, Indices, Forex, Commodities & Cryptocurrencies on our Award Winning CFD Platform

HYCM

HYCM offers clients excellent trading conditions, great liquidity and low spreads, delivering a super-efficient service. With its strong focus on fast execution and low cost trading. Always a leader in embracing cutting-edge technology.

DUCA SCOPY

Dukascopy Europe offers an access to the Swiss Foreign Exchange Marketplace. By combining access to the Swiss Foreign Exchange Marketplace with an enhanced trading platform and strong financial services via its banking partnerships.

AVA TRADE

AvaTrade has a proven track record of positive customer satisfaction. We have carved a reputation as a leader of the revolution in online trading by providing a reliable, user-oriented trading environment built on the most advanced platforms.

[fxasker-blog]

What is the difference between a stop order and a limit order with Foylemarkets?

What is the difference between a stop order and a limit order with Foylemarkets? Read More http://fxasker.com/question/49af0be20c9f18dc/ FXAsker

[chloe-jayde]

USD/JPY Attempts To Negate Tuesday's Losses

New Post has been published on http://u.to/3zOoDw

USD/JPY Attempts To Negate Tuesday's Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Jan 18 17 10:20 GMT

‘The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn’t really worry about the U.S. policy makers going after a weak currency.’ – Allen Sinai, Decision Economics (based on Bloomberg)

Pair’s Outlook

With risk-aversion driving the markets yesterday, the USD/JPY currency pair ignored the immediate demand cluster and dropped below the 113.00 mark. Technical indicators keep giving bearish signals in the daily timeframe, but the nearest resistance area is now unlikely to be capable of preventing the Buck from edging higher. As a result, there is nothing holding the US Dollar from rising or falling today, meaning that fundamental events are likely to provide impetus. The Greenback has the potential to reclaim the 114.00 mark and erase yesterday’s losses, but downside risks remain, with the weekly S2 at 111.50 being the closest support.

Traders’ Sentiment

Traders remain equally divided between bulls and bears, while 70% of all pending orders are to purchase the US Dollar (previously 69%).

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Read More http://u.to/3zOoDw

[jettadarkwynd]

USD/JPY Attempts To Negate Tuesday's Losses

New Post has been published on http://u.to/3zOoDw

USD/JPY Attempts To Negate Tuesday's Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Jan 18 17 10:20 GMT

‘The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn’t really worry about the U.S. policy makers going after a weak currency.’ – Allen Sinai, Decision Economics (based on Bloomberg)

Pair’s Outlook

With risk-aversion driving the markets yesterday, the USD/JPY currency pair ignored the immediate demand cluster and dropped below the 113.00 mark. Technical indicators keep giving bearish signals in the daily timeframe, but the nearest resistance area is now unlikely to be capable of preventing the Buck from edging higher. As a result, there is nothing holding the US Dollar from rising or falling today, meaning that fundamental events are likely to provide impetus. The Greenback has the potential to reclaim the 114.00 mark and erase yesterday’s losses, but downside risks remain, with the weekly S2 at 111.50 being the closest support.

Traders’ Sentiment

Traders remain equally divided between bulls and bears, while 70% of all pending orders are to purchase the US Dollar (previously 69%).

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Read More http://u.to/3zOoDw

[cute1dfacts]

USD/JPY Attempts To Negate Tuesday's Losses

New Post has been published on http://u.to/3zOoDw

USD/JPY Attempts To Negate Tuesday's Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Jan 18 17 10:20 GMT

‘The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn’t really worry about the U.S. policy makers going after a weak currency.’ – Allen Sinai, Decision Economics (based on Bloomberg)

Pair’s Outlook

With risk-aversion driving the markets yesterday, the USD/JPY currency pair ignored the immediate demand cluster and dropped below the 113.00 mark. Technical indicators keep giving bearish signals in the daily timeframe, but the nearest resistance area is now unlikely to be capable of preventing the Buck from edging higher. As a result, there is nothing holding the US Dollar from rising or falling today, meaning that fundamental events are likely to provide impetus. The Greenback has the potential to reclaim the 114.00 mark and erase yesterday’s losses, but downside risks remain, with the weekly S2 at 111.50 being the closest support.

Traders’ Sentiment

Traders remain equally divided between bulls and bears, while 70% of all pending orders are to purchase the US Dollar (previously 69%).

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Read More http://u.to/3zOoDw

[breakbit]

USD/JPY Attempts To Negate Tuesday's Losses

New Post has been published on http://u.to/3zOoDw

USD/JPY Attempts To Negate Tuesday's Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Jan 18 17 10:20 GMT

‘The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn’t really worry about the U.S. policy makers going after a weak currency.’ – Allen Sinai, Decision Economics (based on Bloomberg)

Pair’s Outlook

With risk-aversion driving the markets yesterday, the USD/JPY currency pair ignored the immediate demand cluster and dropped below the 113.00 mark. Technical indicators keep giving bearish signals in the daily timeframe, but the nearest resistance area is now unlikely to be capable of preventing the Buck from edging higher. As a result, there is nothing holding the US Dollar from rising or falling today, meaning that fundamental events are likely to provide impetus. The Greenback has the potential to reclaim the 114.00 mark and erase yesterday’s losses, but downside risks remain, with the weekly S2 at 111.50 being the closest support.

Traders’ Sentiment

Traders remain equally divided between bulls and bears, while 70% of all pending orders are to purchase the US Dollar (previously 69%).

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Read More http://u.to/3zOoDw

[benmauerberger]

USD/JPY Attempts To Negate Tuesday's Losses

New Post has been published on http://u.to/3zOoDw

USD/JPY Attempts To Negate Tuesday's Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Jan 18 17 10:20 GMT

‘The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn’t really worry about the U.S. policy makers going after a weak currency.’ – Allen Sinai, Decision Economics (based on Bloomberg)

Pair’s Outlook

With risk-aversion driving the markets yesterday, the USD/JPY currency pair ignored the immediate demand cluster and dropped below the 113.00 mark. Technical indicators keep giving bearish signals in the daily timeframe, but the nearest resistance area is now unlikely to be capable of preventing the Buck from edging higher. As a result, there is nothing holding the US Dollar from rising or falling today, meaning that fundamental events are likely to provide impetus. The Greenback has the potential to reclaim the 114.00 mark and erase yesterday’s losses, but downside risks remain, with the weekly S2 at 111.50 being the closest support.

Traders’ Sentiment

Traders remain equally divided between bulls and bears, while 70% of all pending orders are to purchase the US Dollar (previously 69%).

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Read More http://u.to/3zOoDw

[taylordmorris]

USD/JPY Attempts To Negate Tuesday's Losses

New Post has been published on http://u.to/3zOoDw

USD/JPY Attempts To Negate Tuesday's Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Jan 18 17 10:20 GMT

‘The business side of Japan worries about the political push-back on the weaker yen because of history, I wouldn’t really worry about the U.S. policy makers going after a weak currency.’ – Allen Sinai, Decision Economics (based on Bloomberg)

Pair’s Outlook

With risk-aversion driving the markets yesterday, the USD/JPY currency pair ignored the immediate demand cluster and dropped below the 113.00 mark. Technical indicators keep giving bearish signals in the daily timeframe, but the nearest resistance area is now unlikely to be capable of preventing the Buck from edging higher. As a result, there is nothing holding the US Dollar from rising or falling today, meaning that fundamental events are likely to provide impetus. The Greenback has the potential to reclaim the 114.00 mark and erase yesterday’s losses, but downside risks remain, with the weekly S2 at 111.50 being the closest support.

Traders’ Sentiment

Traders remain equally divided between bulls and bears, while 70% of all pending orders are to purchase the US Dollar (previously 69%).

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Read More http://u.to/3zOoDw

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Forex Tester For Mac

Hi all,

Forex Simulator. Simple and intuitive, highly customizable, multi-currency multi-timeframe real-time stand-alone Forex trading simulator for Windows and Mac.Download 130 GB of high-quality historical tick data, drag-drop orders, SL and TP.

Forex Tester 4 has a lot of the look and feel of Forex Tester (which is good). The software is very customizable and includes features like Hotkeys for almost any action and quick buy or sell orders all of which allow for quick action for fast testing. The ability to use fixed fractional position sizing is the most exciting feature.

Oct 02, 2020 MT4 on Mac OS - Working guide! (mac os Catalina MT4) 0 replies. MT4 (Metatrader) installation instruction for Snow Leopard 10.6 Mac 101 replies. Will Metaquotes ever develop MT4 for MAC? Mac OS X and MT4? MT4 on MAC (working and tested) 2 replies.

Forex Tester 3 Mac And Forex Trader Pro Tutorial is best in online store. I will call in short name as Forex Tester 3 Mac And Forex Trader Pro Tutorial For peop.

I hope someone here can help I have just reinstalled FT on Mac via Crossover. At first everything seemed to go well, the program started very smoothly and I could run a test in the testing mode that went perfectly well. However, when I tried to update the data from the data center, the program freezed and gave me a 'can not download data from server' message. I then tried to import the data manually and received a 'can not import data' error.

Forex Tester For Mac Shortcut

I have no clue on how to solve this issue. Is someone here running FT on Mac via an emulated windows? I should add that MT4 is running perfectly well on this installation. I expected the same from FT but that's not the case.. Thank you for your help. Nikki (/img)

Software >> Forex Simulator

Key to Success in Forex

Trading Forex requires practice, but it takes a lot of time.

Our Forex trading simulator lets you train much faster, without taking any risk.

No more waiting for certain market conditions or price movements.

No more having to watch the charts all day long.

With our simulation software you can control the time and focus on most important moments.

Trade historical data and save your time

Forex Simulator lets you move back in time and replay the market starting from any selected day. It shows you charts, indicators and economic news as if it was happening live. You are able to place your orders, modify them or close them, just like you were trading live.

Trading historical data saves a lot of time compared to demo trading and other forms of paper trading. It also allows to adjust the speed of simulation, so you can skip less important periods of time and focus on the most important ones.

How it works

Forex Simulator works as Expert Advisor for Metatrader 4. It combines great charting capabilities of MT4 with quality tick-by-tick data and economic calendar to create a powerful trading simulator. It uses offline charts, which let you use indicators, templates and drawing tools available in Metatrader.

However, it is not limited to using historical data offered by Metatrader, which is usually low-quality data. It also lets you download and use high-quality tick data from Dukascopy and TrueFX.

60 Forex pairs, gold, silver, oil and 12 stock indexes

The software gives you access to all Forex major pairs plus XAUUSD and XAGUSD. You can also run simulations on oil and main stock indexes. Choose your favourite instrument and trade it.

Currency pairs - Dukascopy

EURUSDAUDNZDAUDUSDAUDJPYEURCHFEURGBPEURJPYGBPCHFGBPJPYGBPUSDNZDUSDUSDCADUSDCHFUSDJPYCADJPYEURAUDCHFJPYEURCADEURNOKEURSEKUSDNOKUSDSEKUSDSGDAUDCADAUDCHFCADCHFEURNZDGBPAUDGBPCADGBPNZDNZDCADNZDCHFNZDJPYXAGUSDXAUUSDAUDSGDCHFSGDEURCZKEURDKKEURHKDEURHUFEURPLNEURRUBEURSGDEURTRYHKDJPYSGDJPYTRYJPYUSDCNHUSDCZKUSDDKKUSDHKDUSDHUFUSDILSUSDMXNUSDPLNUSDRONUSDRUBUSDTHBUSDTRYUSDZARZARJPY

Commodities - Dukascopy

Brent crude oilWTI light crude oil

Indexes - Dukascopy

ASX 200SMI 20DAX 30IBEX 35STOXX 50CAC 40FTSE 100HSIDow Jones 30S&P 500NASDAQ 100Nikkei 225

Currency pairs - TrueFX

EURUSDAUDNZDAUDUSDAUDJPYEURCHFEURGBPEURJPYGBPJPYGBPUSDNZDUSDUSDCADUSDCHFUSDJPYCADJPYCHFJPY

Real tick-by-tick data

Unlike other trade simulators, our software lets you use as much as 10 years of real tick data with real variable spread. The simulator can download historical data from Dukascopy*, which is considered one of the best free data sources, and from TrueFX*.

* High quality tick data is offered for free by Dukascopy and TrueFX at their websites. Make sure you read their terms of use before using it. Please note that we have no connection with these providers. Soft4FX Forex Simulator simply lets you download and use their tick data in convenient way.

Forex Tester For Mac

Use broker's data

Starting from version 1.7 of Forex Simulator it is possible to import historical data from Metatrader and use it in simulations. Now, you can run simulations on all instruments offered by any MT4 broker. All you need is a demo account. Read more about importing data from MT4.

Multiple timeframes

You can open several charts at once and follow price action on several timeframes. You can also create custom timeframe charts, like 10-minute chart or 2-day chart. All charts are synchronized and updated tick-by-tick.

More charting capabilities

All types of charts you ever needed in one place:

Standard Metatrader charts: M1, M5, M15, M30, H1, H4, Daily, Weekly and Monthly

Custom timeframes: M2, M10, H2, H3, 2 days, ..

Second charts: 30 sec, 45 sec, ..

Renko charts

Range charts

Tick charts

As you can see, our simulator offers you many more timeframes and types of charts than MT4.

Built-in economic calendar

You have access to current economic news releases at any time during the simulation. You can display them on your charts as well. Economic calendar is downloaded from Forex Factory and contains events starting from 2007. Other news providers may be available in the future.

News can filtered by their importance and by currencies, so you can easily display events that really affect your trading.

Use MT4 indicators and templates

Since this trading simulator is an add-on for Metatrader 4, it allows you to use all built-in MT4 indicators as well as many custom ones. You can also use MT4 templates to prepare your charts quickly.

We cannot guarantee that all non-standard indicators will work fine with Forex Simulator, but there is a good chance that many of them will. Please use our free demo to test your favourite indicators before purchasing our simulation software.

New York Close 5-day charts

The simulator is capable of drawing charts in one of two modes:

GMT - all charts are based on Greenwich Mean Time (UTC+0)

New York Close - all charts are aligned with New York trading session close

The difference between these modes can easily be seen on daily charts. GMT charts will render 6 days in a week, including Sunday bar. New York Close charts will render only 5 days in a week. Also, all daily bars will look a bit different as time is shifted by a few hours.

Many traders believe that New York Close charts are essential in trading Forex. The importance of NY Close charts is better described in Nial Fuller's article.

Save your simulation at any time

The simulation can be saved to a file and loaded at a later time. All your trades, pending orders, stop losses, take profits, trailing stops and other settings will be restored.

Fully control the speed

You can pause and resume the simulation whenever you like. You can speed it up and slow it down. You can also step forward candle-by-candle on any chart you like, including tick, renko and range charts.

Moreover, there are 2 possible speed modes:

The Mac version of Ctrl-Alt-Delete: Mac computers have a similar three-key keyboard shortcut for. On a Windows PC the CTRL-ALT-END key combination can be used to send the CTRL-ALT-DEL sequence to the remote session. As you rightly point out this is not possible on a MAC keyboard. For a MAC the key sequence to use is actually CTRL-ALT-DEL. https://foxholidays732.tumblr.com/post/653074583967121408/ctrl-alt-for-mac.

Ticks per second - ticks are uniformly distributed in time, for example 2 ticks per second or 10 ticks per second.

Real-time - ticks are distributed in the same way as they were distributed in real life. Of course, you can also speed it up, just like a video recording.

You can also tell the program to pause the simulation automatically on certain events:

Hitting SL or TP

Execution of pending order

Reaching a defined price level

Rewind the simulation

Starting from version 1.6 of the simulator you can easily go back in time if you need to. Every chart is now equipped with a button which lets you move back bar by bar. All your trades, pending orders, stop losses, take profits, trailing stops, account details and even statistics will be restored.

If you miss the opportunity or you simply increase the speed too much, it is not a problem. The simulation can be rewound by a minute, an hour, a day or by any other timeframe you choose.

Risk-based position sizing

The simulator lets you use either lot-based position sizing or risk-based position sizing. For example, you can set it to risk no more than 2% of your balance or no more than $100 per trade. Risk-based position sizing requires setting a stop loss to work properly.

Automatic trade management

Following automatic rules can be applied to any trade:

Stop Loss and Take Profit

Trailing stop

Automatic break-even

One-cancels-other (OCO) rule for pending orders

Moreover, you can use order templates to work faster and avoid repeating the same steps. A template can be used to save your trade management settings and load them at any time.

Visual trading

Forex Simulator lets you place pending orders, stop losses and take profits by simply dragging lines on the chart. You can also modify existing orders in the same way.

Save as HTML report

With Soft4FX simulator you can save the history of your trading as an HTML report. It is formatted in exactly the same way as Metatrader account statements, so it is very easy to import it to any third-party tool for further analysis. An example of such tool is Quant Analyzer. It offers quite a lot of useful statistics and features, even in a free version.

Export to Excel

It is possible to save your trading history as an Excel sheet, allowing you to study and analyze it in more depth.

Detailed statistics

The simulator displays statistics similar to ones offered by Metatrader, including:

Balance/Equity graph

Profit/Loss

Absolute, relative and maximum drawdown

Maximum, minimum and average spread

Profit factor

Expected profit

Largest winning and losing trades

Longest/Largest winning streak

Longest/Largest losing streak

..

You can access your current statistics at any time during the simulation, not only after it ends.

Hotkeys

Basic operations can be done very quickly using hotkeys:

Ctrl + Space - Pause/Play

Ctrl + Up Arrow - Increase speed

Ctrl + Down Arrow - Decrease speed

Ctrl + Right Arrow - Next bar

Ctrl + Left Arrow - Previous bar

Ctrl + B - Buy

Ctrl + S - Sell

Ctrl + C - Close last trade

Ctrl + A - Close all trades

Hotkeys work only in the main window of the simulator, so this window must be currently active (must be the last clicked window).

Free updates

Updates are free. All you have to do is to download and install a new version. Your activation code will still work with new versions.

There is no special procedure of updating. You can install the new version in the same way as you installed the program for the first time.

Current version is: 1.89 (Download)

Requirements

Windows 7 / 8 / 10 (will not work on Mac)

Installed Metatrader 4 (not Metatrader 5)

4 GB of RAM

Internet connection (the faster the better - downloading tick data may be time-consuming)

Microsoft .NET Framework 4.5 (Check and install)

Recommended: a few GB of free hard disk space for storing downloaded tick data

Recommended: Full HD screen

Download Forex Simulator

The simulator is not a standalone application. It is an add-on for Metatrader 4, so you need to have Metatrader 4 platform installed in your system. Metatrader 5 is not supported yet.

By default the software is locked and works in demo more. Demo mode has two limitations:

You can take only 5 trades per simulation.

You can not load saved simulations.

You need to buy the license to unlock the software.

(EX4 file, approx. 1.5 MB -> see installation)

Demo - test the program for free

You can test our software for free as long as you want. The download button is just above.

When starting the program please leave both e-mail and activation code empty. It will start the simulator in demo mode.

Buy the license

Payments can be made by PayPal and Skrill (MoneyBookers). Most credit and debit cards are accepted.

License is lifetime.

It lets you use the software on 2 Metatrader accounts (demo or real).

There is no limit for the number of computers in use. What limits the use of software is the number of Metatrader accounts.

More information about payments and the license can be found in License, payments and refunds section.

We strongly suggest to test the demo version of the simulator with your favourite indicators before buying it. All standard MT4 indicators work fine, but not every custom indicator works correctly on the simulator. Read more about known problems with custom indicators and possible solutions in Troubleshooting section.

Buy Forex Simulator

99 USD

One-time payment

Lifetime license for 1 person

2 Metatrader accounts (with transfer possibility)

14 day money back guarantee

Analysis toolpak for excel mac. Follow these steps to load the Analysis ToolPak in Excel 2016 for Mac: Click the Tools menu, and then click Excel Add-ins. In the Add-Ins available box, select the Analysis ToolPak check box, and then click OK. To install Analysis toolpak in Excel for Mac, follow below steps. Goto tools or Insert menu. Locate Add-Ins and Click on it. You’ll be prompted to choose from available add-ins. Select Analysis Toolpak. Analysis Toolpak is added.

Requires Microsoft Windows and Metatrader 4

More information

Forex Simulator

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Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons]

Dukascopy is a Forex and CFD brokerage based in Geneva Switzerland. The broker also has a large banking group that it represents, meaning that you can have your bank account as well as your trading account all in one place. That being said, we will focus on the trading part obviously.

Trading accounts

Dukascopy offers only one type of live account but does of course offer a demo account option. At this point, you are either trading with real money or not. There is a huge amount of advantages which we will go through in trading live here, and the account gives you access to not only the Forex but also the CFD markets that Dukascopy offers. You do have the option of trading with a couple of different platforms.

Dukascopy company overview

Dukascopy is a fully regulated Swiss Bank, offering protection up to 100,000 CHF for each client’s account. The trading aspect of the company focuses on active traders, professionals, services banks and hedge funds, and gives you protection in all markets. It is also a publicly traded company, with the shareholder capital reaching 22 billion CHF. Dukascopy has long been one of the true leaders in the ECN arena.

Trading conditions

Initial deposit

The initial deposit at Dukascopy is US$1000, but quite frankly this is a much more professional brokerage than most people deal with on a regular basis. However, with the massive amount of tools and extras available with the company, $1000 should not be a major hurdle.

Spreads and conditions

Dukascopy offers multiple markets to trade, including Forex, Indices, and Crypto. The spreads are extraordinarily tight, such as 0.1 pips on the AUD/USD pair, the 0.3 pips on the EUR/JPY pair, and 0.9 on the XAU/USD pair. Keep in mind that there are also commissions charged, so that will have to be factored as well. However, the commissions are minimal at best.

Leverage

Leverage at Dukascopy goes as high as 1:200, at least in the major and minor currency pairs. Commodity markets are 1:100, while individual equities are 1:10. Cryptocurrencies have leverage up to 1:3, giving you plenty of leverage and various markets.

Trading platforms

Dukascopy uses the well-known MetaTrader ecosystem, using version 4. They also offer Java based platforms, JTrader, iOS, Android, and Web Based platforms for all markets. The broker also offers automated trading through the JTrader platform.

Payment methods

Dukascopy allows features only two ways to fund the account, either credit card or bank wire. This is probably the one area that this broker could improve, but wires are fast as it is an actual bank.

Extras

Dukascopy offers a massive amount of information for traders. Research is thorough, news is released quickly, through their own television station. They have plenty of analysis and fundamental information as well. The trading ideas are robust and precise, just as they offer many other potential benefits such as a sentiment index.

Dukascopy is possibly one of the most complete brokerages in the world. It’s very professional, and unlike many other brokerage firms, you would find it impossible to outgrow the offerings.

The post Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] appeared first on The Diary of a Trader.

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