Blog
Analyzing Power of 27 (End of a Trend)
I always enjoy reading the research the Rob Booker puts into his work. Recently he posted a blog about analyzing the power of 27 or the end of a trend. The complete post can be found here, http://robbooker.posterous.com/35098406. The theory seemed simply enough so I decided to write a robot to test out this same theory. I however took it a step farther. I wanted to develop this into a trading strategy rather than just a simple statistical analysis which will only create a hypothesis. I created the expert advisor in MT4 or MetaTrader. ...
read moreWhat percentage of retail forex traders are profitable by broker
Oanda 48% GFT Forex 33% IBFX 28% FX Solutions 24% MB Trading 24% FXCM 23% forex.com 23% PFG 21% Source: Disclosure documents from U.S. RFEDs for Q3 2010 for non-discretionary U.S. retail forex client accounts. By definition from the CFTC, an account is profitable if the following formula has a value above zero: the sum of realized and unrealized gains and/or losses on all trades carried at any time during the quarter; minus fees, commissions and other charges; plus all income or rebates, including interest paid. Deposits and/or...
read moreDistributed Processing or Backtesting of Forex Strategies Using MQL5
I have recently started to dabble in MQL5. It is the new language used by the MT5 platform for currency trading. One of the greatest features that I can see so far is the ability to scale your processing. At first this theory might sound a bit advanced but I will show you how easy it can be. If you have ever used MQL4 or MT4 then you know one of the biggest drawbacks is the application will only use one of your processors when you are backtesting a strategy. Another one of the biggest drawbacks is if your backtests has tons of data it can...
read moreMQL5 Sample EA or Expert Advisors
Recently I have been asked for some example EA’s for MT5 or Metatrader 5. You can download them here. All are in mq5 format. Moving Average.mq5 MACD Sample.mq5 ChartInChart.mq5
read moreA Solid Trading Plan
Most beginning traders don’t know where to start or how to apply concepts to the markets. If you are a beginner, intermediate, or advanced trader the following document should be able to help advance or solidify your trading career. Turtle Rules
read moreA letter from George Soros
George Soros Financial Times, April 23, 2010 The US Security and Exchange Commission’s civil suit against Goldman Sachs will be vigorously contested by the defendant. It is interesting to speculate which side will win; but we will not know the result for months. Irrespective of the eventual outcome, however, the case has far-reaching implications for the financial reform legislation Congress is considering. Whether or not Goldman is guilty, the transaction in question clearly had no social benefit. It involved a complex synthetic...
read moreWhittaker COT Index Variant-A
If you are a currency trader it can be quite annoying when you cannot access volume data as you can in other markets. This can be instrumental to ones success if your strategy from another insrument outside of Forex requires some type of volume indicator. Although it is not perfect you can use the futures market COT or Commitment of Traders report to gauge this. Since 2000 the COT reports are released weekly. However, you must keep in mind the reports are released on Friday but reflect data from Tuesday. As the reports are closed off on...
read moreThe 2011 defense budget
The 2011 defense budget has been released. With a small increase over 2010′s budget at $708 billion. The cost of the wars in Iraq and Iraq forecast at $159bn The biggest winners are the military contractors. Here they are in order. Lockhead Martin $31.3bn Boeing $20.9bn Northrop Grumman $16.1bn General Dynamics $15.9bn Raytheon $15bn United Technologies $7.1bn L3 communications $7.1bn Bae Systems $6.8bn Oshkosh $6.4bn KBR $4.7bn
read moreWhat is the forecast gross government debt in 2010?
As a % of GDP here are the leaders: Greece: 124.9 Italy: 116.7 Begium: 101.2 Portugal: 84.6 Eurozone Average: 84 Ireland: 82.9 France: 82.5 UK: 80.3 Hungary: 79.8
read moreWhittaker Volatility Breakout Indicator
I wanted to share with everyone an indicator that I programmed and I find very useful. It is called the Whittaker Volatility Breakout Indicator or WVBI. The purpose of this indicator is to represent the range of a bar in percentage terms rather than in points. I think the flaw of most traders or programmers is they often write code and optimize it for pips of a given pair. This I truely believe is one of the core fundamental flaws of sustainability of a strategy. When people start programming static values. Whether it be in money management,...
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