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TradingView to Tradovate Automation: A Quick Guide
Trading in the modern world is increasingly about speed and efficiency, and automation is key to achieving this. If you're using TradingView for charting and analysis and Tradovate as your trading platform, you might be wondering how to connect the two for seamless, automated trading. In this short guide, we'll walk you through the basic steps to automate your trading from TradingView to Tradovate.
Understanding the Platforms
TradingView is a powerful charting platform that offers real-time data and a wide range of tools for technical analysis. It's a favorite among traders for its ease of use and extensive community.
Tradovate is a modern futures trading platform known for its commission-free trading model. It offers powerful tools for futures traders, including advanced charting and algorithmic trading capabilities.
Why Automate Trading Between TradingView and Tradovate?
Automation helps eliminate human error, execute trades faster, and take advantage of trading opportunities without being glued to your screen. By linking TradingView and Tradovate, you can automate your trading strategies, ensuring that trades are executed according to your pre-defined criteria.
Setting Up Automation: Step by Step
Create Your Trading Strategy in TradingView: Start by developing a trading strategy in TradingView using Pine Script. This could be anything from simple moving averages to more complex algorithms.
Integrate with Tradovate Using Webhooks: TradingView allows you to send alerts via webhooks. In your alert setup, you can input the webhook URL provided by Tradovate. This URL triggers the execution of trades based on your TradingView alerts.
Configure Tradovate to Accept Orders: Set up your Tradovate account to accept automated orders. This might involve configuring API settings and ensuring that your account is correctly linked to receive the orders from TradingView.
Test the Setup: Before going live, thoroughly test the automation in a simulated environment. Make sure that your strategy works as intended and that orders are executed correctly.
Conclusion
Automating your trading between TradingView and Tradovate can significantly enhance your trading efficiency and effectiveness. By following the steps outlined above, you can seamlessly integrate these two platforms and start automating your trading strategies today.
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Algo trading | Tradingview algo trading | Algoji
In the dynamic world of financial markets, staying ahead of the curve requires the right tools and strategies. Algo trading, or algorithmic trading, has revolutionized the trading landscape by enabling traders to execute orders with speed and precision that surpasses human capabilities. TradingView, a leading platform for charting and analysis, further enhances the trading experience with its robust features. Combining the power of algo trading with TradingView, Algoji stands out as a premier solution for traders looking to optimize their strategies and achieve consistent success. In this blog, we will delve into the benefits of algo trading and TradingView, and how Algoji can help you master both.
Understanding Algo Trading
Algo trading involves using computer programs to execute trades based on predefined criteria. These algorithms analyze market data, identify trading opportunities, and execute trades at speeds that human traders cannot match. The main advantages of algo trading include:
Speed and Efficiency: Algorithms can execute trades in milliseconds, capturing opportunities that might be missed by manual trading.
Precision: Automated trading reduces human errors, ensuring that trades are executed exactly as intended.
Backtesting: Traders can test their strategies against historical data to refine and optimize their approach before going live.
Emotion-Free Trading: Algorithms follow predefined rules, eliminating emotional biases from trading decisions.
24/7 Trading: Algorithms can operate around the clock, ensuring continuous market engagement.
Why TradingView?
TradingView is renowned for its advanced charting capabilities, user-friendly interface, and a vibrant community of traders. Here’s why TradingView is a favorite among traders:
Comprehensive Charting Tools: TradingView offers a wide range of chart types, indicators, and drawing tools to help traders analyze market trends and make informed decisions.
Real-Time Data: Stay updated with real-time data and alerts, ensuring you never miss a trading opportunity.
Community and Collaboration: Engage with a global community of traders, share ideas, and gain insights from other experts.
Customization and Flexibility: Customize your trading charts and interface to suit your trading style and preferences.
Introducing Algoji: The Perfect Synergy of Algo Trading and TradingView
Algoji seamlessly integrates the power of algo trading with the advanced features of TradingView, providing traders with a comprehensive solution for optimizing their trading strategies. Here’s how Algoji can transform your trading experience:
1. Advanced Algorithm Development
Algoji offers an intuitive platform for developing sophisticated trading algorithms. With a wide range of technical indicators and customization options, you can create strategies tailored to your unique trading style. Whether you are a technical analyst or a quantitative trader, Algoji provides the flexibility and power you need.
2. Real-Time Market Insights
Stay ahead with Algoji’s real-time data and analytics. The platform provides detailed market analysis, helping you make informed decisions based on the latest trends. Real-time insights enable you to adapt quickly to market changes and seize opportunities as they arise.
3. Seamless Execution Automation
Algoji integrates seamlessly with TradingView, allowing you to automate trade execution based on predefined rules. This reduces manual errors, minimizes latency, and improves execution efficiency. Set your strategies to execute trades automatically, ensuring timely and accurate order placement.
4. Robust Risk Management
Protect your capital with Algoji’s advanced risk management features. The platform allows you to set risk controls, implement stop-loss orders, and manage position sizes to optimize risk-adjusted returns. Effective risk management is crucial for long-term trading success, and Algoji provides the tools you need to safeguard your investments.
5. Comprehensive Support
Algoji’s dedicated support team is always ready to assist you. From onboarding to technical guidance, Algoji ensures you have all the resources you need to succeed in algo trading. The platform also offers educational resources and community engagement opportunities to enhance your trading knowledge and skills.
Getting Started with Algoji
Whether you’re new to algo trading or an experienced trader seeking advanced solutions, Algoji makes it easy to get started:
Sign Up: Create an account with Algoji and explore the platform’s features.
Develop Your Strategy: Use Algoji’s advanced tools to develop and backtest your trading strategies.
Automate Your Trades: Integrate your strategies with TradingView and automate the execution process.
Monitor and Optimize: Use real-time analytics to monitor your strategy’s performance and make necessary adjustments for optimal results.
Engage with the Community: Join Algoji’s community of traders, participate in educational events, and stay updated with industry trends to continuously improve your trading knowledge and skills.
Conclusion
In the competitive world of financial trading, having the right tools can make all the difference. Algoji, with its seamless integration of algo trading and TradingView, offers the advanced features, real-time insights, and comprehensive support you need to succeed. Whether you’re a seasoned trader or just starting, Algoji empowers you to harness the power of algorithmic trading and achieve your trading goals.
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How to See Resistance and Support in TradingView
In the world of trading, the concepts of resistance and support levels are fundamental to understanding market movements and making informed decisions. TradingView, a popular charting platform used by traders worldwide, offers a comprehensive set of tools and indicators to help traders identify these critical levels. Here's a guide on how to see resistance and support in TradingView:
Step 1: Choose Your Chart First, select the asset you want to analyze on TradingView. You can do this by entering the name or ticker of the asset in the search bar at the top of the platform.
Step 2: Select the Timeframe Choose an appropriate timeframe for your analysis. Timeframes can range from 1 minute to 1 month, depending on your trading strategy. Short-term traders might prefer shorter timeframes, while long-term investors might look at daily or weekly charts.
Step 3: Use Trend Lines To identify resistance and support levels, you can use the Trend Line tool in TradingView. Click on the Trend Line icon (it looks like a diagonal line) in the toolbar on the left side of the screen. Then, draw a line connecting the price highs to identify resistance, and another line connecting the price lows to identify support.
Step 4: Apply Horizontal Lines For more defined levels, use the Horizontal Line tool in the toolbar. Place a horizontal line at a price level where the asset has shown difficulty in moving above (resistance) or below (support). These levels often indicate where buyers or sellers are concentrated.
Step 5: Incorporate Indicators TradingView offers various indicators that can help identify resistance and support levels. The Moving Average, Fibonacci Retracement, and Volume Profile are popular choices. To add an indicator, click on the "Indicators" button at the top of the screen and search for the one you want to use.
Step 6: Analyze Price Action Pay attention to how the price reacts around these levels. Resistance or support is confirmed when the price bounces off these levels multiple times. The more times the price touches these levels without breaking through, the stronger they are considered.
Step 7: Monitor Breakouts or Breakdowns A breakout (price moves above resistance) or breakdown (price moves below support) can signal a potential trend change. Use TradingView's alert system to notify you when the price crosses these critical levels.
Exploring TradingView Alternatives: FastBull
While TradingView is a popular choice among traders, it's always beneficial to explore alternatives. FastBull is an emerging platform that offers a range of features for market analysis. Here's what makes FastBull stand out:
User-Friendly Interface FastBull is designed with simplicity in mind, making it accessible to both novice and experienced traders. Its intuitive interface allows for easy navigation and quick access to essential features.
Advanced Charting Tools FastBull provides advanced charting capabilities similar to TradingView, including a variety of chart types, drawing tools, and technical indicators, enabling comprehensive market analysis.
Real-Time Data and Alerts The platform offers real-time market data and customizable alerts, ensuring traders stay updated with the latest market movements and can react promptly to trading opportunities.
Social Trading Features FastBull incorporates social trading elements, allowing users to follow and interact with other traders. This community aspect can offer valuable insights and foster a sense of camaraderie among users.
Educational Resources For those looking to expand their trading knowledge, FastBull provides a wealth of educational content, including tutorials, articles, and webinars, catering to all levels of experience.
Mobile Accessibility Recognizing the need for on-the-go access, FastBull offers a mobile app that delivers the full functionality of its desktop platform, ensuring traders can monitor the markets and execute trades from anywhere.
Conclusion
while TradingView remains a top choice for many traders, platforms like FastBull are providing compelling alternatives that cater to the evolving needs of the trading community. Whether you stick with TradingView or explore FastBull, the key is to use the tools and resources available to enhance your trading strategy and decision-making process.
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Comparing the Top Online Trading Apps: Which One Is Right for You?
The online stock trading app industry has experienced a tremendous surge since the onset of the pandemic in 2020. Thanks to improved internet speeds and the growing interest in financial literacy, mobile-based stock trading has undergone a significant transformation. Each day, more Indians are experiencing the seamless shift towards incredibly smooth and flexible trading options, all available at the touch of a button.
As these apps continue to gain widespread adoption, even beginners can enter the world of trading with ease. These applications not only enable the buying and selling of financial assets but also offer a range of other valuable services. The only requirement is a reliable internet connection to ensure these trading apps operate smoothly.
This article has listed some of the best online trading apps so that you can choose any one of them.
Top Three Online Trading Apps
The list of the best online trading app is as follows.
1. Zerodha Kite
Zerodha boasts over 100 million active clients, contributing significantly to India's retail trading volumes, making up about 15% of the total. This app is highly recommended for both beginners and experienced traders and investors, thanks to its robust technological platform.
Zerodha's flagship mobile trading software, Kite, is developed in-house. The current Kite 3.0 web platform offers a wide array of features, including market watch, advanced charting with over 100 indicators, and advanced order types such as cover orders and good till triggered (GTT) orders, ensuring swift order placements.
Furthermore, users can also utilise Zerodha Kite as a Chrome extension, enabling features like order placement and stock tracking for added convenience.
2. Kotak Securities
Opening a trading account at Kotak Securities comes with the advantage of zero account opening fees. Additionally, there are discounted rates for investors below 30 years of age, making it a cost-effective option. The account setup process is streamlined, with minimal steps involved.
Kotak Securities enables users to engage in a wide range of financial activities, including trading in stocks, IPOs, derivatives, mutual funds, currency, and commodities. Furthermore, it offers opportunities for global investments through its trading app. This app is thoughtfully designed, featuring a user-friendly interface accessible on iOS, Android, and Windows platforms. It also provides valuable extras like margin funding, real-time portfolio tracking, and live stock quotes with charting options.
3. Upstox
Upstox PRO, supported by Tiger Global and endorsed by prominent investors like Indian tycoon Ratan Tata and Tiger Global Management, is a well-known discount broker app. It offers a range of trading and investment opportunities, encompassing stocks, currencies, commodities, and mutual funds. For experienced and seasoned investors, it is an ideal choice, featuring advanced tools such as TradingView and ChartsIQ libraries.
Online trading apps offer a diverse array of financial products and services, consolidating your investment and financial management in one convenient platform. You can engage in activities such as trading equities, participating in IPOs, trading derivatives, investing in mutual funds, placing fixed deposits, dealing in commodities, and trading currency.
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The Problem with Technical Analysis
"Technical analysis" is a term you likely aren't familiar with unless you're a day trader, but I can guarantee that you know what it is.
Technical Analysis is the process of examining the price trends of a company's public stock listing and predicting certain movements based on observable patterns. Put simply, technical analysis is complete bullshit. It's like the astrology of capital markets; it's completely made up and has no bearing on reality.
Extensive research has been conducted on Technical Analysis and even the best of the best analysts can't get consistent results doing it. One of the most infamous examples was one study where a group of researchers created a mock stock chart which they asked technical analysts to give a reading on. The analysts gave varying opinions on the chart, but unbeknownst to them, the chart had been constructed entirely by coin tosses. In other words, each incremental market movement was created by a 50-50 chance, thereby proving that the analysts were interpreting patterns that simply did not exist. Furthermore, there's also the subjectivity aspect. Many of the analysts in this study gave entirely different opinions
It is essentially ubiquitous that technical analysis is just imposing imaginary patterns over random data. Even when you employ computer algorithms and observe concrete numbers, there is very little objective math involved in the process.
The proof is in the pudding, too; you really do not need to look far to see that technical analysis is garbage. If you bother to go on website like TradingView and look at the user submitted posts, very few of their prophecies come true.
Put simply, anybody who places any weight on Technical Analysis beyond a passing gut instinct is an idiot that shouldn't be trusted. You'd get similar results by blindly throwing darts at a board.
SOURCES & ADDITIONAL READING:
PROFESSIONAL DISCLAIMER:
DEADMAN (a.k.a DeadenedMind) does not offer or render personalized financial advice through social media. This tumblr post should be used strictly for informational purposes only and does not constitute financial, tax, investment, or legal advice.
Viewers are highly encouraged to seek assistance from an accredited and experienced professional before making any financial decisions.
If you'd like to follow DEADMAN, you can find him on the following platforms:
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Unlock the True power of TradingView with paid indicators, and Boost your Trading Edge
Analyzing the market manually for trends, patterns, and price levels can be time-consuming. Indicators automate much of this work, allowing traders to quickly assess market conditions and act promptly on trade opportunities. These help traders make informed decisions by providing insights into market trends, price movements, momentum, and potential entry and exit points. By providing data-driven signals, indicators reduce the need for subjective decision-making and help traders follow a disciplined approach. TradingView is a comprehensive web-based platform that provides traders with a broad range of tools that make it easy to analyze market data visually. The platform provides data on multiple asset classes, including stocks, forex, cryptocurrencies, commodities, and indices. Technical analysis can be complex, especially for beginners. Premium TradingView Indicators automate much of this process, enabling traders to analyze vast amounts of market data quickly, and make informed decisions without getting overwhelmed by data. Premium TradingView indicators such as the Relative Strength Index (RSI) or Stochastic Oscillator help traders determine when an asset is overbought or oversold, signaling potential reversals. Multiple indicators can be used together to confirm trade signals, reducing the likelihood of false signals.
Paid TradingView indicators by MiyagiTrading can help traders stick to their strategies by providing predefined, objective signals for action. Paid TradingView indicators by MiyagiTrading offers a suite of premium TradingView indicators that are tailored to meet the varying needs of traders at different levels, ranging from beginners to professionals.
Following packages are offered by MiyagiTrading under its paid TradingView indicators plans:
Miyagi 10in1 Alerts and Backtest
The package combines ten strategies in one. It provides customizable alerts and comprehensive backtesting, allowing you to fine-tune your trading strategy, based on historical data, so you will always be prepared to make informed decisions. Miyagi 6in1 Alerts and Backtest
For traders looking for a balance between simplicity and performance, this premium TradingView indicator offers six integrated strategies, and comes with alert functionality and backtesting features. Miyagi 4in1 Alerts and Backtest
This paid TradingView indicator package is perfect for traders who want a straightforward yet powerful tool. It combines four key strategies into one indicator, and provides robust alert systems and backtesting options to test your trading hypothesis. Miyagi PSAR and STrend
The indicators filter the noise for you, and will show you the true direction of the market, and help to leverage increased profits. With TradingView paid indicators for free, there will be no more risking too much or too little, as the indicators will show you how volatile the market is, and help you set your stop loss accordingly.
There will be no missing out on opportunities or holding on to losing trades, as the TradingView paid indicators for free will show you when the market is losing steam, and help you exit at the right time. You will have clear and simple signals that tell you when to buy or sell, based on proven rules and algorithms.
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Bitcoin drops 3% as US sellers spark sub-$65K BTC price targets
Bitcoin (BTC) dipped below $67,000 after the Oct. 21 Wall Street open amid “expected” United States sell pressure. BTC/USD 1-hour chart. Source: TradingView Traders consider deeper BTC price pullback next Data from Cointelegraph Markets Pro and TradingView tracked 3% BTC price losses on the day. These followed the highest weekly close in five months for BTC/USD, and market observers suggested…
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Why TradingView is a Trader’s Best Friend
If you’re into trading—whether it’s stocks, crypto, forex, or even tracking the price of that obscure commodity your neighbor swears will “go to the moon”—then you’ve probably heard of TradingView. But if you haven’t, let me introduce you to your new best friend. And if you have heard of it, let’s be honest, you’re already hooked. Here’s why TradingView is every trader’s dream platform and why you’ll never look back.
1. It’s Ridiculously Easy to Use
Trading platforms can be intimidating—like they were designed by a supercomputer that assumes you understand quantum physics. Not TradingView! It’s user-friendly, intuitive, and sleek. It feels like it was made for humans. From day one, you can get up and running without needing a PhD in financial jargon.
2. It’s Social. Yes, Really.
Trading can be lonely, but not on TradingView. They’ve turned it into a social experience. You can share ideas, comment on charts, follow your favorite traders, and even get feedback. It’s like the Facebook of trading, but instead of cat videos, you’re checking out smart trades and charting tips. Plus, those who like to show off their chart masterpieces can publish them for others to marvel at (or critique).
3. Multi-Device? Check.
Stuck in traffic? Waiting in line for coffee? Or just lounging in bed? No worries, TradingView is available on your phone, tablet, and desktop. It’s like having your trading desk in your pocket, but way cooler.
4. The Charts are a Thing of Beauty
Let’s face it, traders are obsessed with charts. We stare at them for hours, so they better look good. TradingView delivers. Their charts are not only stunning but also ridiculously customizable. You can tweak colors, add drawings, compare multiple assets���you name it. It’s like the Photoshop of charts. Who said financial data can’t be eye candy?
5. Alerts That Actually Keep You in the Loop
Life happens. You can’t always be glued to your screen. TradingView’s alerts feature is the ultimate life-saver. Set up price alerts, indicator alerts, or custom alerts for just about anything. You’ll get notified instantly via email, SMS, or app push notifications—so you don’t miss out when the market moves, whether you’re on a date or watching the latest episode of that guilty pleasure TV show.
6. It’s Got the Community Vibe
Who says trading has to be a solo sport? TradingView’s community is full of traders, from seasoned veterans to newbies just learning the ropes. They share strategies, charts, and ideas. It’s a great place to not only learn but also to find inspiration. If you’ve ever wanted to connect with other traders without the whole Wall Street intimidation vibe, TradingView is where it’s at.
7. Tools Galore (But Not Overwhelming)
Sure, there are a million and one indicators out there, but TradingView gives you access to more tools than you could dream of, without making it overwhelming. From technical indicators to drawing tools, you have everything you need to craft the perfect strategy. Whether you’re a seasoned pro or just starting out, you’ll find what you’re looking for—without getting lost in a sea of options.
8. Backtesting Like a Pro
Ever had a trading idea but weren’t sure if it would actually work in real life? TradingView lets you backtest strategies so you can see how they would have performed in the past before putting your money on the line. It’s like having a time machine for your trading ideas—minus the awkward ’80s hair.
9. Affordable (and Free Options)
Let’s talk about everyone’s favorite topic: money. TradingView’s free version is loaded with features, so you can get a taste of all the magic before deciding if you want to upgrade. And even the paid plans are super affordable, especially compared to some other pricey platforms that leave you wondering if they come with free stock tips on the side.
10. Data From Everywhere
Whether you’re a fan of stocks, crypto, commodities, or anything in between, TradingView has you covered. They pull in data from multiple exchanges and markets globally, so you’re not limited to a single data source. And that means you can get a more complete view of the market, without jumping between 10 different websites.
Bottom Line: You Need TradingView in Your Life
In short, TradingView is like a Swiss Army knife for traders. It’s packed with features, yet simple to use. Whether you’re a pro looking to fine-tune your strategy or a beginner getting your feet wet, it has something for everyone. So, what are you waiting for? Dive in, and let TradingView become your new trading sidekick. Because honestly, why trade anywhere else when you could be doing it in style?
#forexsignals#forex indicators#forex education#forex broker#forextrading#forex market#forex#investing#stock market#business#finance#economy
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Bitcoin Bullish Momentum Builds With Key Liquidity at $58K
Bitcoin shows strong liquidity at $58K, signaling potential for a bullish market move.
Break above the 200MA could push Bitcoin to $70K, marking a key technical milestone.
Metrics like MVRV and SOPR suggest positive outcomes if Bitcoin maintains current support.
Bitcoin price shows signs of a strong bullish trend, with analysts watching carefully the support and resistance levels. Data from CoinGlass shows that there is ample liquidity in the vicinity of $58K price level. This rate of increase in the liquidity is considered significant for the traders as it signals that Bitcoin may be about to make a major shift in the market soon.
The current price action captures a new market structure of Bitcoin. Following the fall due to long liquidations, Bitcoin managed to form a higher low. This local bottom now points to a possibility of an upward movement. For this bullish run to continue, Bitcoin must cross and sustain above the key resistance levels such as the Daily 200 Moving Average (200MA).
Liquidity Concentration at $58,000
The recent market analysis also revealed a massive liquidity accumulation at $58,000. The heatmap from CoinGlass shows that this level could be very important for Bitcoin’s short-term price movements. This region is an area of interest for traders as it could give Bitcoin the support it needs to continue an upward trajectory again.
Source: Tradingview
If the price breaks above the 200MA and this week’s high above the previous week high it may trigger a broader bullish rally. Experts believe that the next level of focus could be at $70k, which would be a major psychological as well as technical level. This could also act as a sign of even greater momentum as the market moves deeper into Q4.
Related: https://cryptotale.org/u-s-inflation-rises-fed-rate-cuts-in-doubt-bitcoin-drops/
Metrics Indicating a Bullish Outlook
Other important indicators like the Short Term Holder Market Value to Realized Value (STH MVRV) and Spent Output Profit Ratio (SOPR) are also displaying green light. Both metrics are now testing the neutral ‘1’ line. An upside break from this level will create even more evidence for higher continuation, especially for short term traders and long-term holders. With the market currently in a sensitive phase, Bitcoin’s ability to hold above critical support levels and overcome resistance will likely determine the next direction for its price. At press time, Bitcoin trades at $60,687, 0.28% drop in the last 24 hours.
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Bitcoin Skyrockets to $64K, Prompting $100M in Cryptocurrency Short Liquidations
Key Points
Bitcoin’s surge to $64K resulted in over $100M in crypto short liquidations.
The rise in Bitcoin price was accompanied by an increase in trading volumes and market dominance.
Bitcoin recently surged past the $64,000 mark, causing significant turbulence in the crypto derivatives market. This unexpected price rise led to the liquidation of more than $100 million worth of short positions in the crypto market in just 24 hours.
Bitcoin’s Sudden Price Movement
Data from CoinGlass reveals that over $101.57 million in short positions were liquidated across the crypto market due to Bitcoin’s sudden price movement. In total, 54,422 traders faced liquidations amounting to more than $167.18 million. Bitcoin shorts alone accounted for $52.90 million of the day’s total liquidations, while Ether shorts amounted to $28.27 million.
Traders who were betting against Bitcoin prices were particularly affected as the rapid price increase left little room for margin calls and forced liquidations. Bitcoin’s market dominance also saw a significant increase, rising above 58%, nearing its highest level since April 2021, according to TradingView.
On October 14, Bitcoin’s price had increased by 1.90%, reaching $64,040. Trading volumes also saw a 52% spike in the last 24 hours. Bitcoin reached $64,173, its highest point in October and the highest price it has reached since the end of September.
Mt. Gox Delays $9B Asset Return
Bitcoin’s rise began on Monday, building on a strong comeback from the weekend. Mt. Gox, a now-defunct crypto exchange, announced that it would wait another year to return assets to creditors. This decision helped assuage fears of a potential large sell-off that could have further destabilized the market. Despite this relief, Bitcoin and other cryptocurrencies remained mostly steady.
Last week, the administrators of Mt. Gox revealed their plan to return the remaining assets by October 31, 2025. Almost $9 billion in stolen tokens, mainly Bitcoin from the 2014 hack, are part of this plan. However, they still have $2.8 billion worth of tokens left, which is causing unease among investors about how it might affect Bitcoin’s supply.
Earlier this year, the prospect of these assets being returned caused Bitcoin prices to drop significantly. The fear of a sudden increase in Bitcoin supply led to significant losses in the market. But with Mt. Gox delaying the return, Bitcoin has had a chance to recover and reach new heights.
Uptober Surge Continues Nine of Eleven Years
Many analysts are speculating about the onset of “Uptober”. Historically, October has been a positive month for Bitcoin, witnessing gains in nine of the past eleven years. This pattern has heightened expectations that Bitcoin could continue its upward momentum throughout the month.
Bitcoiner Kyle Chassé shared his optimistic outlook with his 219,000 followers on X (formerly Twitter) on October 14. He stated, “The tides are shifting,” and expressed confidence that the market is entering one of its most “exciting phases.” Chassé further emphasized the reality of the next big rally.
On-chain analyst James Check added his perspective, urging traders to “Pray for the bears”, highlighting the challenges that bearish traders might face in the current bullish environment. These sentiments reflect a broader market optimism tempered by caution among those positioned against the upward trend.
Meanwhile, Ethereum has also shown strength, confirming a breach of the $2,440 level. The price began the day with a strong rise, reinforcing expectations of a continuing bullish trend on both intraday and short-term bases. Technical analysis indicates that Ethereum has completed a double bottom pattern, with a confirmation line at $2,515.
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Algo trading software | Tradingview algo trading | Algoji
In the fast-evolving world of financial markets, staying ahead of the curve requires more than just intuition and experience. This is where algo trading software steps in, revolutionizing the way traders operate. At the forefront of this transformation is TradingView, a robust platform that integrates seamlessly with cutting-edge algo trading software. In this blog, we will explore the synergy between TradingView and algo trading software, and how Algoji is empowering traders with unparalleled tools and insights.
What is Algo Trading Software?
Algorithmic trading, or algo trading, involves using computer programs to execute trades at speeds and frequencies that are impossible for human traders. These programs follow pre-defined instructions to make trading decisions, often based on complex mathematical models and analysis of multiple market variables. The benefits of algo trading include improved accuracy, speed, and the elimination of human emotions that can often lead to poor trading decisions.
Why TradingView?
TradingView is a leading social network and charting platform for traders and investors. It provides a comprehensive suite of tools for technical analysis, including real-time charts, indicators, and the ability to create custom scripts using its proprietary Pine Script language. TradingView’s user-friendly interface and powerful analytical capabilities make it an ideal companion for algo trading software.
The Synergy Between TradingView and Algo Trading Software
Advanced Charting and Analysis: TradingView’s advanced charting tools allow traders to visualize market trends and patterns with ease. When integrated with algo trading software, these insights can be translated into actionable trading strategies. Custom indicators and scripts created on TradingView can trigger automated trades, ensuring precision and timeliness.
Backtesting and Strategy Development: One of the critical features of TradingView is its backtesting capabilities. Traders can test their strategies against historical data to evaluate their effectiveness before deploying them in live markets. When coupled with algo trading software, this ensures that only the most robust strategies are executed, minimizing risks and maximizing returns.
Real-time Data and Alerts: TradingView provides real-time data and customizable alerts, ensuring that traders never miss an opportunity. Algo trading software can leverage these real-time insights to execute trades instantly, capitalizing on market movements as they happen.
How Algoji Enhances Your Trading Experience
At Algoji, we understand the transformative potential of combining TradingView with sophisticated algo trading software. Our solutions are designed to provide traders with a seamless, integrated experience that leverages the best of both worlds.
Customized Algo Trading Solutions: Algoji offers tailored algo trading software that aligns with individual trading goals and strategies. Whether you are a novice trader or an experienced professional, our solutions can be customized to meet your specific needs, ensuring optimal performance and results.
Comprehensive Support and Training: Implementing algo trading can be complex, but with Algoji, you are never alone. We provide comprehensive support and training to help you navigate the intricacies of algo trading and TradingView. Our expert team is always on hand to answer your questions and guide you through the process.
Cutting-edge Technology: Our algo trading software is built using the latest technology, ensuring speed, reliability, and accuracy. By integrating with TradingView, we provide a powerful platform that enhances your trading capabilities and helps you stay ahead of the competition.
Conclusion
The combination of TradingView and advanced algo trading software represents a significant leap forward for traders. By leveraging the powerful analytical tools of TradingView and the precision of algo trading software, traders can achieve unprecedented levels of efficiency and success. At Algoji, we are committed to providing the best solutions to help you harness this potential. Explore our offerings today and take your trading to the next level.
For more information on how Algoji can transform your trading experience, visit our website or contact our support team. Let’s unlock the power of algo trading together!
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IC Markets – What Should You Learn Before Investing?
Do you wish to know about the IC markets? Here is a detailed outline to help you make a sound decision if you invest with the IC Markets. Understandably, IC Markets is famous and offers various trading opportunities and features. Understanding Its Deposit Requirement – Things to Note First, you need a minimum hundred-dollar deposit to begin trading. Such a low entry point makes it accessible to traders initiating their trading journey or those who wish to try out smaller investments. This amount is standard among many IC market brokers and lets you initially consider various trading strategies without significant commitment. Understanding the Different Account Types Let's find out the different types of IC Market accounts from here: Account Types at IC Markets IC Markets offers three types of trading accounts (each suited for different trading styles and platforms). cTrader Account This account is great for day traders who use the cTrader and TradingView platforms. It features a commission of three-dollars-per-one-hundred-thousand-dollars round turn and spreads starting from 0.0pips. You need a minimum deposit of two hundred dollars and can use leverage up to 1:1000. This account allows up to 2000 position orders, and you can trade 61 currency pairs. It supports micro lot trading or index CFDs. Standard Account This account suits traders using MetaTrader. It does not charge any commission and features spreads starting from 0.8 pips. The deposit, leverage, number of position orders, currency pairs, and stop-out level match those of the Raw Spread account. Its server is in New York and uses MQL4 for programming. Raw Spread Account This account is for traders who use Expert Advisors and prefer the MetaTrader platform. The minimum deposit and leverage are the same as the cTrader account (but the maximum number of position orders is 200). It has a slightly higher commission of $3.50 per lot round turn and offers spreads from 0.0 pips. Its server is based out of New York and uses MQL4 for programming. These accounts may suit different trading preferences – whether you are a discretionary trader or an EA user. Available tradable markets IC Markets has a wide range of tradable markets for its traders, as listed below: - Forex - Commodities - Indices - Bonds - Stocks - Futures - Cryptocurrency CFDs The financial tool that can be utilized on the forex instruments is up to-1:1000. The broker offers more than sixty currency pairs (ranging from majors to minors). A Few Steps to Create a Successful Trading Plan Simply put, investing can help you build wealth and achieve financial success. But it would be best to start smartly by following the proper steps. On that note, mentioned below are the steps you can undertake to create a successful trading plan: Set Clear Investment Goals First, start by defining the results you wish to achieve from trading. You may want to diversify your portfolio or use trading to lessen the risk in other investments. So, reviewing your goals regularly and adjusting your plan to stay on track is better. Conduct Market Research Successful trading depends on excellent marketing research. So, you must monitor economic parameters such as: - GDP - Inflation and - Interest rates Different market sectors (like technology or financials) react differently to these indicators. Thus, you must stay informed and use fundamental and technical analysis to select stocks wisely. Manage Your Emotions Emotions can affect your trading decisions. Avoid trading based on fear or greed. Stick to your trading plan and only trade when you feel calm. Keep a trading journal to track your decisions. Use Orders to Reduce Risk A market order lets you sell/buy immediately at the current price. However, it does not ensure any specific price. You can use a market-to-limit order for more control. It combines the market order's immediacy with a limit order's price control. This strategy also helps protect your investments. Review Your Performance Track your performance by looking at your win percentage and risk-reward ratio. The risk-reward ratio helps you see if the potential profit justifies the risk. Keep Learning The markets change all the time. Keep improving by attending trading courses, reading market analysis, or finding a mentor. Constant learning will make you a better trader. IC Markets presents an excellent collection of more than sixty currency pairs. Traders can trade popular currency pairs such as majors and minors. IC Markets offers an array of trading opportunities and instruments. You can trade twenty-eight options for commodities (including gold and silver). So, IC Markets offers a unique trading experience with various account types and platforms. It is for both beginner and experienced traders as it has a low minimum deposit and an excellent range of options. Thus, considering the abovementioned factors, you can determine whether the IC Markets meets your trading needs. Read the full article
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Finance & Trading
Wall Street Traders Booths Finance and trading. First of all, if you are not a professional I suggest reading Harry Browne's financial safety rules, then you can keep in touch with some very experienced traders and investors joining us on Facebook at this address Trading Lovers or following us on Stocktwits otherwise if you need some interesting trading books, let me know, and I will give you the material! Last but not least, don't forget to visit Investing.com for your global financial culture and to discover the best and worst stocks in the American pre-market, Yahoo finance for the best stocks gainers of the day, Tradingview for USA stocks date earnings and more, our inside Special trading section, the WSJ live market update for the last news, Interactivebroker that is the leading online transparent trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds with low commissions and financing rates and support for best execution, and nowadays you can also use a finance AI chat platform to have everything under control, the link below is an example of that resource. https://finchat.io/ The Complete AI Powered Stock Research Platform. Easily track what matters to you. Our intuitive platform gives you the flexibility to customize your experience and auto-save your research. Work faster than ever. Save time researching your next great investment idea with the comprehensive investment research platform for global equities. Poor is that man who has got no patience. William Shakespeare I always say that you could publish my trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn’t do is give them the confidence to stick to those rules even when things are going bad. Richard Dennis Successful investing is anticipating the anticipations of others. John Maynard Keynes To attempt to increase the wealth of any country, either by introducing or by detaining in it an unnecessary quantity of gold and silver, is as absurd as it would be to attempt to increase the good cheer of private families by obliging them to keep an unnecessary number of kitchen utensils. Adam Smith The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning. Ludwig von Mises To trade successfully always remember that cash is the king. That means you must not take too much risk on a single trade. Then you must never forget that to make money you must know a lot about money and its religion even because money is better than poverty, if only for financial reasons. Carl William Brown The stock market isn't going anywhere. It's been around before you were born. Going to be around after you're gone. If you love the game as much as I and some friends do. There is no rush to make a trade. What's important is to keep learning. Set time aside and goals for yourself with learning. There is endless amounts of knowledge that you can learn for free. Charles Astor To earn money trading you don't necessarily have to know technical analysis perfectly well or be completely informed about all the news, but the most important thing is to have a long experience and an extraordinary developed sixth sense. Carl William Brown It’s all about making money and not being right. Too often, people get stubborn. The point is to be flexible. The market is always right. That’s one of the main things I learned from Paul… you’ve got to be around to play for another day. That’s capital preservation. Peter Borish
Seven types of income A small account size can limit your trading options, BUT this does not prevent you from making money by trading or building your account size up to the size you desire. You can swing trade with as little as a few thousand dollars. Carl William Brown Master YOURSELF, because you will never master the markets. Glen Dahlen No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation. Robert Rhea As the statitics says: "95% of traders lose money; only 5% of traders can make a living at it, and only 1% of them really make money. Carl William Brown The greatest skill you need with Day Trading is "Imagination." You have to Imagine that a Crappy Stock like ACHV can go up 100%. Charles Astor Life is a school of probability. Walter Bagehot In bear markets, stocks return to their rightful owners. J.P. Morgan If you are a good trader you can steal money from the rich legally, because it's an extremely good thing that money sometimes must change hands. Carl William Brown Big money is made in the stock market by being on the right side of the major moves. The idea is to get in harmony with the market. It's suicidal to fight trends. They have a higher probability of continuing than not. Martin Zweig The more you find out about the world economy, the less you may truly know. Carl William Brown Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money. Ed Seykota Money management is the only strategy to survive in this crazy, stupid and doped financial world market. Carl William Brown Daily news roundup by TradingView The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. Paul Tudor Jones Never ever trade against the trend. So you must always be profitable, going long or short and following the market! Carl William Brown Don’t give up trading. Market Wizard Marty Schwartz lost money for 10 years! Then he turned $5000 into $140,000 in one year. Trading Blog JK Life itself is based on trends. Ed Seykota Trading: the hardest way to make easy money. Tonny Stark This avidity alone, of acquiring goods and possessions for ourselves and our nearest friends, is insatiable, perpetual, universal, and directly destructive of society. David Hume If history can teach us to avoid making the same mistakes again, studying economic story is nothing short of a necessity; especially as the inner workings of the economy are opaque for the majority of us. Based on rigorous analysis, Crashed offers a critical assessment of the insanity of the financial sector and the incompetence of those in power. Crashed by Adam Tooze Man is a gaming animal. He must always be trying to get the better in something or other. Charles Lamb, Essays of Elia, 1823 Stock Analysts? Paid off & worthless. Give you a $20.00 recommendation on a $5.00 Stock then advise you to sell when it drops to .10 Charles Astor Every artist was first an amateur. Ralph Waldo Emerson NASDAQ: ABIL Ability Inc. from 06-21-2018 to 06-26-2018 has increased from 2.15 to 14.30 with a gain of almost 600%, and just in a week. So if you want to get your big bet forget about fair value, equity line, profit factor, gross profit, and all that stuff; in this case fundamentals are not so fundamental! Carl William Brown The rich are those who play to win. The middle class plays not to lose. Robert Kiyosaki It is essential to wait for trades with a good risk/reward ratio. Patience is a virtue for a trader. Alexander Elder
Mark Minervini Trading Legend Stop loss must certainly be used if you are trading a dangerous, unreliable and uncertain stock, for instance that of a bad bank (BMPS in Italy is such a good example), or if you are practicing day trading and you are betting on the rise or fall of a share, above all if you are trading with leverage, and finally when you are in a positive trade and you are already gaining money, so you can set a trailing stop and/or a stop loss. In all the other cases stop losses can result in a useless waste of money, without any real advantage for your business. That is clear since a share can move down even 10 or 15 per cent, if not more, in seconds or minutes and then rise again with the same speed or on the same day, and if your stop loss wasn’t set very skilfully probably you have lost money for nothing! Carl William Brown All you need to know about trading, finance and market news and analysis in a guide updated with thousand of books, software, courses, seminar, charts and quotes. Through our master trading links, you’ll be able to discover a lot of interesting website, useful resources for your knowledge and your learning activities. You will be able to find a useful reference guide to consult when you need highly specialized information, material, stocks analysis and market news. You will certainly enjoy our complete finance links list. You will also be able to expand your capabilities and bring in a lot of great money research and trading ideas. Always remember that through investigating all the different web links you can improve a lot your learning possibilities. Top Master Trading Links and Resources Trading and finance news Market, financial, business news Money, wealth, investments news Economics and Liberty Financial Safety Rules Trading or investing Traders Insight Campus Trader's Academy Campus InteractiveBrokers.com Trading tips and advice 1 Top stocks gainer today Stocks and Bonds to watch Technical analysis history Stocks analysis dictionary Best trading practices Technical approach to trading Trading lovers Rolex best watch investment 50 great quotes about trading Prediction and trading Paul King trading rules On Investing story Golden rules of trading 20 golden rules of trading Penny stocks trading Jesse Livermore trading lessons Jesse Livermore trading rules The true words of Jesse Livermore The wisdom of Jesse Livermore 50 Famous Quotes by Jesse Livermore Visual Capitalist Data Trading versus gambling Great trading advice Golden trading rules http://www.youtube.com/watch?v=R8SdSUfHcdw Trading glossary Trading-Synthetic-Dictionary.pdf Trading quotations Penny stocks trading English for business Management news The Stocks Exchange Quote master trading Speculation game quotes Wall Street Crash 1929 The Housing bubble 2008 Master trading links Venezuela Business News Finanzaonline.com Investire Oggi Forum Yahoo finance Investing.com Tipranks.com Google Finance Google Business News Bloomberg markets Reuters Business News Reuters Money News Reuters Company News http://www.youtube.com/watch?v=Pz5JUt9IKPM Read the full article
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Tackling Emotional Trading: Top Tips for Beginners to Improve Trading Decisions Instantly
All forms of trading attract a worldwide audience as millions of people invest in the hope of getting the best returns possible. Out of all the global investors and traders, many quit within the first month itself as they are not skilled enough to trade and win. However, did you know that only a few minor tweaks can turn you from a bad trader to a skilful one? If you’re planning to take on the trading challenge for the long run and don’t want to quit early on, we’ve got all the tips you need to get started!
Understanding Emotional Trading
Before we go on to the best trading tips for beginners, let’s quickly learn about emotional trading. As the term indicates, emotional trading has a lot to do with ‘emotions’. Trading requires an individual to make smart and analytical decisions after performing quality background research and relying on expert tips. This requires the trader to keep all emotions at bay, which is not the case for most beginners.
Mastering Emotions and Unlocking Your Complete Trading Potential
Mastering emotions may be a single step that is necessary for becoming a calm and calculated investor but it’s not as easy as it looks. Avoiding further loss, not investing in stocks when everyone else is, and most importantly, trading aggressively to make up for your loss quickly takes a lot of patience and practice.
Learning and Accepting Your Shortcomings
All of us respond differently to a loss, especially when there’s hard-earned money involved. Since beginners seldom use TradingView premium indicators for better decisions, they are always closer to a loss than they imagine. To improve yourself as a trader, you must know how you would react to a loss and then learn to restrain yourself from making any emotional decisions right after a loss.
Upgrading to Better Trading Tools
Tips for beginners usually include developing and following a trading plan, taking a break after a loss, and preventing overconfidence. However, you’ll eventually stumble into losses if you don’t have access to the best premium indicators for TradingView and other important tools.
Your focus as a beginner shouldn’t be only on acquiring more knowledge and learning new skills, but also on finding the tools that help you make informed decisions at the perfect time. Miyagi Trading provides premium indicator TradingView for beginners to improve profitability and reduce risk.
About Miyagi Trading
Miyagi Trading is a one-stop destination for all your unique TradingView indicators’ needs. Their indicators are engineered to facilitate hassle-free, rewarding trading for beginners and experts alike. Learn about their complete features and packages at their website now!
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Bitcoin price attempts to turn the tide after Fed’s 0.5% rate cut
Bitcoin rallied above $61,000 following the United States Federal Reserve’s decision to cut interest rates by 50 basis points. The Fed’s decision to cut rates for the first time since 2020 is a move long predicted by crypto traders, and most anticipate Bitcoin and the wider cryptocurrency market to benefit from the policy reversal. Data from Cointelegraph Markets Pro and TradingView followed…
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Forex Trading Platforms
Forex trading, popularly known as foreign exchange trading, has grown exponentially in these few years. It attracts millions of traders from various parts of the world. However, one does not achieve success in the forex market by merely understanding the economic trends and currency pairs; one can succeed based on choosing the right trading platform. In this blog, we at Profithills Education will try to assist you in understanding some key points related to forex trading platforms so that you can decide accordingly.
What is a Forex Trading Platform?
The forex trading platform is a software interface, which the brokerage firm offers to the trader for access to the currency markets. These platforms may be web-based, desktop, or mobile applications and enable traders to execute a range of functions, including the following:
Trade online currency pairs
Have live price charts
Use analytical tools for technical analysis
Create automated trading bots
Get news feeds and economic calendars
A good trading platform will make the difference between profitable trading and lost opportunities. Let's see what types of platforms are available and how to choose the best for your trading style.
Types of Forex Trading Platforms
Proprietary Platforms
Sometimes, the brokers develop their own trading platforms. This is to please their clients with the features they want or need. Most of these proprietary platforms are user-friendly and very neat to interface; the newbies or professional traders will be pleased with what they are seeing on the screen. However, it lacks the ability for customization compared to the other developed platforms.
MetaTrader 4
By far and away, MT4 is the most used platform in the forex trading world. It is known to be very versatile; for it allows a good amount of technical analysis tool, to conduct automated trading through so-called Expert Advisors, commonly known as EAs, and a huge community. The MT4 is especially favored by both novice and professional traders alike.
MetaTrader 5 (MT5)
MT5 is an update from MT4, containing a greater amount of timeframes, types of orders, and DOM features. It will be satisfactory to those traders who need more versatility, more extensive access to markets, including CFDs, stocks, and commodities besides forex.
cTrader
As for another competitive platform, cTrader enjoyed the reputation of being intuitive-looking and performing. Advanced charting, super-fast order execution, and the enormous amount of indicators make it a darling among technical traders.
TradingView
It works online, mainly known for its great charting tools. Many traders do their analysis of the market on this and execute the trade with another broker's trading terminal. Additionally, it offers a social trading environment where members share ideas regarding trading.
Key Features to Look for in a Forex Trading Platform
The selection of the proper trading platform depends on your own trading style and experience level. Following are some of the basic features to consider:
User Interface & Ease of Use
Regardless of your experience-a novice or professional trader-an easy-to-use and intuitive platform is what you need. A clean interface means you will be able to act quickly when performing trading, without being overloaded by a bunch of features you do not need.
Technical Analysis Tools & Indicators
A platform filled with technical analysis tools is more important for traders reliant on charts and patterns. Multiple indicators, different drawing tools, and chart types are crucial to have a decent trading platform.
Every second counts in Forex, and the selected platform should be able to deliver instant order execution, especially in those instances of high volatility. Slippage and lag mean missed opportunities and loss of money.
Security
The nature of Forex trading involves handling personal and financial information. Always settle for a secure platform-outfitted with SSL encryption, two-factor authentication, and reputable regulatory oversight.
Mobile Compatibility
A mobile-friendly platform allows trading on the move-anywhere and anytime, thus giving flexibility, which is all the more essential for day traders and scalpers who need to keep constant tabs on the market.
Automation & Algorithmic Trading
Those traders who wish to employ automated strategies will need to make sure the platform they select will allow for algorithmic trading. MT4 and MT5 have this capability through EAs, while cTrader provides support for cAlgo, which allows for more advanced programming.
How to Choose the Right Platform for You
We at Profithills Education recommend the following while choosing a forex trading platform:
Know your trading style: Position trader, day trader, or scalper? Each website has a relative strength that fits better with one trading approach over another.
Know your budget: Some sites charge extra for services or spread wider. Understand how much use of each site will cost you in commission and hidden fees.
Get a Feel for the Platform: Most brokers will let you try demo accounts. Use that to the fullest to learn how the features of the platform work before you put in some real money.
Seek Customer Support: Fast customer service when you are up against problems can save you. Make sure the broker offering the platform has suitable and available support.
Conclusion
The Forex market is a hub of endless opportunities, and your success completely depends on informed decisions-right from selecting a proper trading platform. At Profithills Education, we try to arm you with the necessary knowledge to instill confidence in the Forex world. MT4, cTrader, or a proprietary platform-whatever suits your trading goal and provides the necessary tools for success.
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