Profitable Expert Advisor
This is a discussion about Profitable Expert Advisor within the Tools of the Trade section, where you will Workstations, Realtime and End of Day Trading Software - Technical Analysis Software, Trading Platforms, and Realtime Scanners. Anything you need to trade, post about it here!; Yes if we have enough margin then no need to worry, but when its running in losses i feel tensed and some times i try to close trades manually which saved one of my another
October 24th, 2011 10:53 PM #46
Yes if we have enough margin then no need to worry, but when its running in losses i feel tensed and some times i try to close trades manually which saved one of my another account once, Even EA maker mention the rules we can't give assurance that these rules are sufficient, market may be very volatile then risk will increase.
October 25th, 2011 01:00 AM #47
you are right that its not acceptable that EA will follow always rules that give by EA maker.
Originally Posted by murali603
we can not say about makret some time market move more then 500-600 pips in only one direction dut to any big events.
so its required if we want that our EA work in every condition then we should appy it with more - more margin.
October 25th, 2011 04:43 AM #48
Tomorrow i am planning to disable my EA because of EUR economic summit, as you told 500 pips change also expecting on tomorrow, My EA may sustain upto 500 pips drop/raise but any further raise/drop may blow account.
Originally Posted by dollar
October 25th, 2011 07:28 AM #49
i think this news will effect on particular pair that base on EUR. if your EA apply on such kind of pair then its good decision. but before diable EA see the news it may in your trade direction. if this is in your trade direction may be you made a good profit.
Originally Posted by murali603
October 25th, 2011 11:27 AM #50
My EA deals in both direction and make profit in both direction but what is important one is it able to sustain till some 500 pips raise/fall, if price move further then it can't able to sustain thats why i disabled EA few hours as today also market is very slow and i will enable on thursday
Originally Posted by dollar
October 25th, 2011 02:44 PM #51
its good point that your EA trade in both direction..but i want to know..your EA open both order at same time or its open both order different - different time..?
Originally Posted by murali603
if EA work in both direction then i dont think need to disable EA.
October 30th, 2011 12:34 AM #52
When we start trading with EA it will open trades in both directions and when price move in one direction it open orders in favor of direction and also against the direction, so trades in favor of direction will close in profits and trade against the direction will close when there is some retracement.
Originally Posted by dollar
April 25th, 2012 05:22 AM #53
What is the best time frame for ZeusFX?
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May 17th, 2013 12:02 PM #55
Forex Trends and Winning at Roulette
Posted on May 17, 2013 by
This article is going to teach you the real keys predicting currency prices. To understand the principles, a bit of background information is required. And what better example than the game of roulette, which many people consider to be unpredictable and random. It may be natural to assume that there is no relation between winning at roulette and Forex trading. After all, one is about a little wheel and ball, and the other is about currency. However, as science has shown, everything is energy. So it is perhaps more prudent to say that the core level, the same basic universal principles that govern the winning number on a roulette wheel can be applied to Forex.
What varies the prices of currencies and how it relates to roulette?
While there are many factors that determine the price of a currency, on the surface it is simply supply and demand. In other words, the higher demand, the higher the price. Tracing this back, we may ask what creates a high demand. And to this, many people will say the high demand is based on import and export of a country. But the reality is high demand is created by the perception of buyers and sellers. This is much the same as the stock market, where a buyer of stock will pay a higher price if they believe that the stock is likely to increase in value. Of course there are people that trade for long-term dividend gains, but a very large proportion of the investors purchase in hopes that the actual value of the stock will increase.
Now this next part is critical to understand: a rise or fall in prices will inevitably affect buyer and seller perception. This in turn affects the prices. And this affects the buyer and seller perception. So there is an everlasting loop of perception affecting price and vice versa. Professional currency traders and stock market investors will tell you to consider what the sheep are doing, and base decisions on the sheep. However, investors these days are much smarter than they used to be, and this is exactly what they try to do. The effect is sheep chasing sheep. As a pretext to further information below, letís consider sheep to just be a variable, like variables that affect where the ball will land in the game of roulette.
The biological pattern revealed
The reality is currency prices fluctuate largely based on human emotion, and this in turn affects the prices. Again this is all a big cycle, and it can be predicted. Some people utilize what they believed to be Fibonacci trading, and is a vague attempt to apply the principles. The Fibonacci sequence applies to all living things. It is an expression of the mathematical nature of the universe, and certainly it applies to the foreign currency exchange. But I will explain to you how it really works.
The Fibonacci sequence is this sum between the last two numbers in the sequence. For example, 1,1,2,3,5,8 etc. You may have heard all kinds of fantastical claims about what this actually means, but here I will explain the truth. Whenever any matter is formed, the energy must follow a recursive and repetitive fashion so that it creates form and compresses onto itself. You may know this as the Golden spiral, and you can see this throughout nature with the most classical form being the spiral on the shell of a snail. Without the recursive flow and balance of energy, there is no form and energy flows off in all directions without order. This is better known as entropy.
Most Fibonacci traders look for proportions and repetitive behavior based on a two-dimensional representation of the Golden spiral. This is complete nonsense and not the way Fibonacci really works. But when I says Fibonacci, actually referring to how nature really works. But in the context of foreign currency prices, what we really want to know is when a price appears in a position to rise. In other words, we are looking for a sequence of events or trigger that can be used to predict when a price is likely to increase. To keep it simple, letís call this looking for the sequence of events.
How a sequence of events are determined
To explain this part, first you need to understand that everything is energy, and energy follows a waveform. We as human beings are rather complex waveforms, and can be summarized as a very complicated set of vibrations. But putting this into a simplistic context, our emotions and decisions are ultimately governed by principles of energy. And these events are energy too. It is the interaction of all related energies that contribute to the rise and fall of prices.
Now putting this into the most simplistic way possible, I mean cause and effect determine currency prices. You may consider what Iíve said to be a roundabout way to explain it, but you need to understand the interaction of energies. Fibonacci and trading is about the formation of matter, not specifically the interaction of energies and how they affect each other.
The relation between roulette and Forex
Where the roulette ball lands is never random. The winning number is determined by the variable such as ball release speed, weíll rotor speed, bounciness of the ball and so on. Im not going to teach you a class about how to win at roulette, all I can suggest a site at Winning Roulette System if winning roulette interest you. My point of explaining this to you is that we perceive to be random is not random at all. It is simply a complex relationship involving cause and effect, that is the variables, the interaction between the variables, and the effect which in this case is currency prices.
A wave within a wave within a wave
In the case of foreign currency prices, the cause is anything that affects higher and sell a perception, and a large part of this is price itself. Of course there are external factors such as news. It would be one rather complex task to consider and factor in all variables, and you cannot rely on the rise and fall off prices alone. For example, you cannot easily mathematically express a news release from a company.
However, for the sake of simplicity, letís consider that price movements alone are responsible for buyer and seller perception.
The end result of everything affecting everything in a never-ending cycle is as follows: the price fluctuations are an endless dance of up and down, although there is perfect reason to the movements, and they can be predicted. A classic example is when a price begins to dive, people begin to panic and end up selling. Some prudent investors predict when the price is significantly below the realistic value, and they will begin to buy. This increased buying increases buyer and seller confidence. This means that sellers maintain steady prices, demand increases, and so does the price. While this may be a dramatic example, this happens every second in currency trading.
Using this to predict Forex Prices
Mathematics is a universal language. In any equation, you need variables and their values. Fibonacci trading in its current form is virtually useless, because it does not rely on the true meaning of the Fibonacci sequence. Many roulette system players use the Fibonacci sequence expecting the obscure use of the sequence to have some kind of value in a betting situation. It is like using a Bible to cure cancer just because you believe the Bible has some kind of magic properties.
The first step to using these principles to predict foreign currency exchange prices is to mathematically expressed the variables. In this case, we are only considering the actual movements of the prices. So you need to mathematically define a recursive and repetitive pattern for use in an equation at the predicts the next price movements over a defined period of time. So you are using long-term history to formulate an understanding of the historical movement of prices, to predict price movements.
This may all sound very complicated, and certainly it is. But there is a simpler way. Individuals who wish to remain anonymous have developed an artificial intelligence and automatically learning program, which is capable of mathematically expressing repetitive behavior of prices, and using this to forecast movements.
Unfortunately, the technology is for private use only and will not be sold or distributed to anyone else. This is for a few reasons. Firstly, the widespread use of the software would increase the sophistication of the cycles that are presently mostly based on human decisions and perception. If more of the buying and selling was based on computer algorithms, then the entire dynamics and repetitive patterns will still be predictable, although modified algorithms to predict this behavior would need to be developed. So it would be no different to adding another variable in the equation, which in itself would not be difficult, but this is not the real reason. Government regulations are very tight regarding software that predicts movement in the markets, and to distribute a package or product with such claims can amount to legal suicide. So it is easier to give this information for free, and anyone who understands it and furthers a research to develop their own technology can benefit from it. If you research further into what is discussed above, you will learn that despite the popularity of Fibonacci trading, it is not all its cracked up to be because it only has effectiveness where well known principles are repetitive patterns occur. What is discussed above touches on the underlying principles of the price fluctuations, which is a wave, within a wave, within a wave and so on. So the advice to you is mathematically find and express a repetitive movement in price, over a variety of timelines, then create a mathematical model to forecast movements. So you are expressing the variables, then calculating how they affect each other, other variables, and ultimately the Forex prices.
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