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  • Vlad RF
    replied
    Getting Acquainted with CCI Indicator

    Author: Victor Gryazin


    In this review, we will discuss an interesting technical indicator CCI (Commodity Channel Index). This indicator helps to find an approaching correction or reversal on the price chart.

    What is CCI needed for?

    The CCI (Commodity Channel Index) indicator was invented in 1980 by a trader Donald Lambert. The author meant his indicator for commodity markets, however, it may successfully be used on other financial markets, such as currency, stock, etc.

    The CCI indicator measures the value and the amplitude of price deviations from average values. Large CCI values mean that the price is much higher than average and small values indicate that it has fallen significantly. In essence, CCI may be attributed to the group of classic oscillators.

    The indicator helps to understand in what condition the financial instrument currently is: overbought or oversold. CCI measures the distance between the price and a set Moving Average - this is just another way to say that the indicator measures the deviation of the price from its average values.

    The CCI indicator is situated in a separate window under the price chart and consists of the main line (CCI) and two areas - oversold and overbought. The indicator values vary from -300% to +300%. At the levels of -100% and +100% signal lines are drawn, setting the oversold (from -100% and below) and overbought (from +100% and higher) areas; the central spine of the indicator is 0%.

    https://blog.roboforex.com/wp-conten...i-1032x630.png

    Calculation formula and settings

    The CCI indicator is built in most popular trading terminals. It is represented in a separate window under the price chart. In popular platforms MetaTrader 4 and MetaTrader 5, CCI is added to the price chart via the Main Menu: Insert - Indicators - User - CCI.

    For CCI calculation, you must first find the so-called "typical price".

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    Turtle Strategy: the Oldest Way of Trading

    Author: Andrey Goilov


    Nowadays, there are plenty of strategies and trading systems. Some are simple, some are very complicated, with lots of indicators. You can also work out your approach to market analysis, using the instruments of tech analysis, such as trendlines or support and resistance levels. Anyway, a good system is not necessarily complicated, with a long list of rules.

    A good example is the Turtle system, designed by Richard Dennis in the 1980s. What is more, having a bet with his partner, he gathered a group of beginners and helped them become professional traders. However, it is not to forget that even a high-quality trading system does not guarantee you a profit. It is important to comply with the rules of money management and follow your strategy.

    Unfortunately, not all traders make a profit on the same charts and the same timeframes. This shows that the success of trading does not fully depend on the chosen system - much depends on the personality of the trader. One trader will doubt and skip a trade, while another will enter the market even after a series of losing trades.

    Description of the Turtle trading system

    The system is a trend strategy for daily charts. This is not surprising: earlier, many traders used the Moving Average, trying to catch strong trend movements. For example, a divergence on the MACD is a good signal, working perfectly in a flat, but as soon as a strong trend begins, the prices simply move in one direction, and such a trend may be very quick. In this situation, the MACD signals may not be very efficient, and the MAs will make us hold the positions in the direction of this movement as long as possible, which will bring us a good profit.

    https://blog.roboforex.com/wp-conten...-1-bitcoin.png

    The main approach of the Turtle strategy is simple: you only need to let the profit grow and close losing trades. This looks like a simple rule, but not many can follow it. What is more, psychologically, any person maximally hopes for a positive result.

    For example, if a beginner trader loses part of the profit, they may be very disappointed and will try to close the position with a minimal profit as quickly as possible, even if the system does not give any exit signal. And if the beginner receives a losing position, they may hold it for a long time, hoping for a soon reversal.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex: changes in trading schedule (switch to Daylight Saving Time and International Women's Day)


    We’re informing you that due to the public holiday in Russia, International Women's Day, USDRUB will be traded according to the changed* schedule on March 9th, 2020. In addition to that, on March 8th, 2020, the USA will transfer to the daylight saving time, European countries will switch to the summer time on March 29th, 2020. Thereby, there will be more changes to the trading schedule*.

    RoboForex

    Trading schedule on Metals (XAUUSD, XAGUSD)
    • From March 9th to 27th, 2020, trading on Metals will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 12:05 AM - 10:59 PM.
    • Starting from March 30th, 2020, Metals will be available for trading within the operating range of the contract specifications.

    Trading schedule on CFDs on US indices
    • From March 9th to 27th, 2020, trading on CFDs on US indices will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 02:00 AM - 10:15 PM.
    • Starting from March 30th, 2020, CFDs on indices will be available for trading within the operating range of the contract specifications.

    Trading schedule on CFDs on oil (Brent and WTI)
    • From March 9th to 27th, 2020, trading on CFDs on oil will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 02:00 AM - 10:15 PM.
    • Starting from March 30th, 2020, CFDs on oil will be available for trading within the operating range of the contract specifications.

    Trading schedule on CFDs on American stocks
    • From March 9th to 27th, 2020, trading on CFDs on American stocks will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 03:31 PM - 09:59 PM.
    • Starting from March 30th, 2020, CFDs on American stocks will be available for trading within the operating range of the contract specifications.

    Trading schedule on USDRUB
    • March 9th, 2020 – no trading.
    • March 10th, 2020 – trading starts as usual.
    • Starting from March 30th, 2020, the USDRUB currency pair will be traded according to a new schedule.
      Trading session (server time): 10:00 AM - 6:30 PM.

    Please, note, that on March 13th, 20th, and 27th, 2020, trading on all instruments will be closed at 11:00 PM server time

    R Trader

    Trading schedule on US stocks, CFDs on US stocks, ETFs, and CFDs on ETFs
    • From March 9th to 27th 2020, trading on the above-mentioned instruments will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 03:30 PM - 10:00 PM.
    • Starting from March 30th 2020, these instruments will be available for trading within the operating range of the contract specifications.

    Trading schedule on CFDs on US indices (US30, US500, NAS100)
    • From March 9th to 27th 2020, trading on CFDs on US indices will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 09:00 AM - 10:00 PM.
    • Starting from March 30th 2020, CFDs on US indices will be available for trading within the operating range of the contract specifications.

    Trading schedule on USDRUB
    • March 9th, 2020 – no trading.
    • March 10th, 2020 – trading starts as usual.

    Trading schedule on Forex currency pairs
    • From March 9th to 27th, 2020, trading will be stopped for an interval of 15 minutes 1 hour earlier than usual (server time).
      Interval period (server time): 10:59 PM - 11:15 PM.
    • Please, note, that on March 13th, 20th, and 27th 2020, trading on all currency pairs will be closed at 11:00 PMserver time.

    Please, take into account these changes in schedule when planning your trading activity.

    * – This schedule is for informational purposes only and may be changed.

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex increases the maximum order volume on the Company’s trading accounts


    RoboForex has increased the maximum available order volume values. Changes are effective as of February 28th, 2020 and will be applied to MT4/MT5-based accounts.

    The maximum order volume has been increased for all instruments:
    • Standard accounts (Pro-Standard, ECN-Pro NDD, Prime) - 500 lots.
    • Cent accounts (Pro-Cent) - 10,000 lots.



    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Trade Trendlines?

    Author: Andrey Goilov


    Trendlines pertain to classic tech analysis. Many traders add such lines to their strategy, using them not only on the price charts but also on the indicator graphs. We can say that a trendline is one of the simplest instruments used for chart analysis. At the same time, regardless of its simplicity, this instrument is highly efficient.

    Trendlines can show where to enter in the direction of the trend and where the current trend might end. The analysis of the price chart itself is a good advantage: there is an opinion that signals from the indicator are lagging, and it is the price that is of special importance. However, we must keep it in mind that all trading options must be customized, and various ways of using both graphic analysis instruments and indicator signals should be tried.

    Ascending trendline

    An ascending trendline is a line drawn through the lows from left to right. The second low must be higher than the first one. To draw the line, two points suffice.

    Many authors single out the third point as the confirmation that the trendline has been drawn right. However, at the moment when the price touches the line, many traders try buying already, not waiting for the confirmation. As a rule, buying at a bounce off the trendline always happens with a small Stop Loss, so the risk is not that high. That is why most traders somewhat neglect the confirmation.

    https://blog.roboforex.com/wp-conten...-trendline.png

    As an example, let us look at the trendline on the chart of the Litecoin. To draw it, we take two marginal lows and draw a line through them. It is important to extend the line to the right so that we could see the moment of testing this line by the price. In our example, at the moment of testing the trendline, the price bounces and goes on growing. We can say that the uptrend continues until the trendline is broken.

    Descending trendline

    A descending trendline is drawn through highs. To draw it, we need two points on the chart, the second one being lower than the first one.

    Here, we should also remember that it is wise to wait for the third line to form and confirm that the descending trendline has been drawn right. Anyway, we should remember that drawing trendlines is an art and thus subjective. That is why different traders can draw different lines that are important to them. The more experienced the trader is, the better they draw the lines.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Trade Support and Resistance Levels

    Author: Andrey Goilov


    Horizontal support and resistance levels are at the base of classical tech analysis. Many traders despise such a simple instrument and avoid spending their time on studying the basics of graphic analysis. However, the influence of the horizontal levels on the price movements is hard to deny.

    Any trend is a sequence of support and resistance levels, so we can see tests and breakouts of such important areas every day. I recommend paying attention to this aspect of analysis and studying this instrument to be able to detect these levels.

    https://blog.roboforex.com/wp-conten...rish-trend.png

    Putting it very simply, near the support level you should buy while at the test of the resistance area, you should sell.

    What is the support level?

    In theory, a support level is an area below the current market price where the players can buy; this area is highly probable to remain under the pressure of sellers. T the moment of testing the support level, the prices push off it and start growing; hence, the pressure from sellers shrinks as they cannot secure under the level to continue the decline. We can say that buyers are stronger.

    https://blog.roboforex.com/wp-conten...sd-support.png

    As a rule, such levels can be detected on the chart beforehand. We can use both the daily and hourly charts. However, experienced traders say that longer timeframes are more important. For example, a support level on D1 will be much stronger than the support level on M5.

    On D1, the prices can be testing the support level for weeks before the bears manage to push the price down. As for M5, one test may be enough to secure below this level and move to the next one.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex offers its clients access to bank transfers via SEPA and SWIFT


    RoboForex has expanded your opportunities of operations with trading accounts. From now on, you can deposit and withdraw funds by means of bank transfers via SEPA and SWIFT systems.

    Benefits of international bank transfers

    SEPA
    is a system, which operates in the European Economic Community and allows to quickly transfer funds between different accounts in EUR without any additional fees.

    SWIFT
    helps you to easily command your finance and make transfers between accounts in different banks all over the world in currencies that are convenient for you.

    Join the global financial community and explore new opportunities together with RoboForex!

    https://c.radikal.ru/c39/2002/dd/25df715fd7c8.png

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex adds new assets and analytical tools to R Trader


    We’ve added more than 500 new assets and updated analytical tools of our multi-asset trading terminal R Trader.

    More about new features in R Trader:
    • More than 500 CFDs on stocks of European companies
      More than 500 new CFDs on stocks of companies from 11 European countries, such as Volkswagen, Peugeot, L'Oreal, Orkla, and Nokia are now available in R Trader.
    • Tick charts
      Analyze “market pulse” by means of new tick charts that show the slightest fluctuations of the chosen asset price.
    • Updated Watchlists
      A new feature in Watchlists: tracking updates in “Тоp Gainers”, “Top Losers”, “Top Volumes” with 5-, 30-, and 120-minute intervals.


    More detailed information about all instruments and features can be found on the platform’s page. We’re actively continuing to upgrade and improve our R Trader trading terminal, so follow the news!


    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex: changes in trading schedule (President’s Day in the USA)


    We’re informing you that due to the public holiday in the USA, President’s Day on February 17th, 2020, several instruments will be traded according to the changed schedule*.

    RoboForex

    Trading schedule on Metals (XAUUSD and XAGUSD), CFDs on US indices (US500Cash, USTECHCash, US30Cash) and oil (WTI, Brent)
    • February 17th, 2020 – trading stops at 7:40 PM server time.
    • February 18th, 2020 – trading starts as usual.

    Trading schedule on CFDs on US stocks
    • February 17th, 2020 – no trading.
    • February 18th, 2020 – trading starts as usual.


    R Trader

    Trading schedule on US stocks and ETFs
    • February 17th, 2020 – no trading.
    • February 18th, 2020 – trading starts as usual.

    Trading schedule on CFDs on US stocks
    • February 17th, 2020 – no trading.
    • February 18th, 2020 – trading starts as usual.

    Trading schedule on CFDs on US indices (US500, US30, NAS100)
    • February 17th, 2020 – trading stops at 7:40 PM server time.
    • February 18th, 2020 – trading starts as usual.


    Please, take into account these changes in schedule when planning your trading activity.

    * – This schedule is for informational purposes only and may be changed by the provider.

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    CopyFX For Traders: How To Make Money On The Platform?

    Author: Victor Gryazin


    In this article, we will discuss, how a trader can make extra money on a popular copy-trading platform CopyFX. The CopyFX platform allows demonstrating your expertise and attracting subscribers who copy your trades.

    How to become a CopyFX trader?

    If you are a successful trader who want to increase their income by attracting investors, the CopyFX platform will provide you such an opportunity. Investors will evaluate the statistics of your trading and the subscription conditions in the rating and decide if they want to copy your trades.

    Having become a CopyFX trader, you will be able to keep trading by your chosen strategy, receiving extra fee or percent of the trades that your investors copy. Thanks to the built-in automatic cross-copying system, the trades will be copied correctly even if the trader and the investor have different account types.

    To start working, the trader needs to open an account (or accounts) in the CopyFX system and trade, showing good results. The account is opened via your Personal Member’s Area: on the page for opening an account you choose a CopyFX account, For trading, the following account types are suitable (MT4 platform): Pro-Cent, Pro-Standard, ECN-Pro, Prime, Pro-Affiliate and ECN-Pro Affiliate. After the account is opened, it must be deposited for no less than $100 (or the same sum in another currency), and the subscription conditions must be set up.

    https://blog.roboforex.com/wp-conten...en-907x630.png

    How to set up subscription conditions?

    After the CopyFX trading account is opened and deposited, setting up subscription conditions follows.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How Does the Fractals Indicator Work: Description, Settings

    Author: Andrey Goilov


    The Fractals indicator was designed and popularized by Bill Williams, the author of one of the most popular trading systems and the book "Trading Chaos". This instrument is a technical indicator that allows to detect local extremums on the chart. A breakout of these levels may provoke a good future move in their direction. The author recommends using Fractals with the Alligator indicator; however, there are methods of trading with Fractals that are far from the classical author's ideas.

    Description of Fractals

    For the indicator, we use five candlesticks, the third candlestick in the combination should have the highest high or the lowest low. If there is such a formation on the chart, the indicator shows narrow either above the candlestick or below it.

    https://blog.roboforex.com/wp-conten...fractals-1.png

    For example, if we are speaking about an ascending fractal, to define it, we need to see on the chart a minimum of five candlesticks following one another, with a lower candlestick at each side of the highest one. Conversely, for a descending fractal, here it is important to see a minimum that will be among four other candlesticks with higher minimums.

    The author notes that for a fractal, we do not need five candlesticks exactly, there might be less. However, the five-candlestick combination has become most popular in modern trading.

    One of the important advantages of the indicator is the possibility to mark important support and resistance levels. Many traders just add Fractals to the chart and work with breakouts of the levels or try to combine it with graphic patterns.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex arranges all security settings into a single module


    RoboForex has updated the arrangement of Members Area security settings. From now on, our clients can manage security settings from the profile page, which displays all methods of securing their profiles. In addition to that, thanks to this innovation, changing security settings will be more convenient and less time-consuming.

    On a new page, our clients can specify convenient settings and secure their Members Area by means of:
    • Verification of their mobile phone number.
    • Enabling two-factor authentication:
      1. Via application on their smartphones.
      2. Via SMS code (in this case, a mobile phone number must be verified).
    • SMS notifications about logging in to Members Area each time it is attempted to be accessed. In this case, our clients will be able to take immediate measures in case their profiles are accessed behind their backs.


    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    CopyFX for Investor: How to Use? How to Choose Traders?

    Author: Victor Gryazin


    In this article, we will discuss how to become an investor on the popular copy-trading platform CopyFX. The platform allows you to make a profit on trading on financial markets, using the experience and skills of professional traders who demonstrate high results in trading.

    Opening a trading account

    To invest on CopyFX, you need to open a trading account on MetaTrader4 via your Personal Members Area on the RoboForex website. The following account types suit for investing: Pro-Cent, Pro-Standard, ECN-Pro, Prime, and Pro-Affiliate. The system of cross-copying allows for the correct connection of various account types of traders and investors.

    However, if the trader and the investor have different account types, the results of trading may vary slightly due to the difference in the conditions of trading. The size of the spread, the broker fee, the leverage or the number of available instruments may differ. If the trader's instrument is unavailable on the investor's account, the trades will not be copied.

    For exacter copying, it is better to open a type of account with a maximal number of instruments available and the biggest leverage. If you are interested in investing only, you can avoid installing the MT4 terminal: with an active subscription, the trades are copied automatically, the statistics of the copied trades are reflected in the PMA. You can use copying in addition to your own trading on the account — the trader does not get any fees for the trades that the trader carries out themselves.

    https://blog.roboforex.com/wp-conten...en-689x630.png

    Choosing a trader from the rating

    To compare and evaluate the work of traders, there exists a special instrument called the rating of traders. In the rating, the main statistics of the traders' work is reflected, helping investors make their choice for the subscription. The rating is available in the PMA and on the CopyFX website.

    Each trader has a personalized participant card accessible from the rating. To choose a trader, the following basic parameters are to be assessed:

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Catch a Trend Reversal? 5 Detection Strategies

    Author: Andrey Goilov


    Experienced traders think it much more efficient to trade the trend than against it. Many of you must have heard such expressions as "The trend is your friend" — such sayings are plenty. At the same time, the desire to reverse the market may be provoked by merely the possibility to enter the market at the very beginning of the trend with minimal risks. So the desire to buy at the low and sell at the high is also rather understandable.

    Again, one of the set phrases of tech analysis goes: "The current trend will be developing until it reverses". It pushes us to the idea that every trend will finish and reverse sooner or later. In this article, we will learn to detect such reversals.

    What is a trend and where does it reverse?

    On financial markets, a trend is a directed price movement. In theory, when we see a movement with each next high being above the previous one, as well as each next low being above the previous one, we can speak about an uptrend. At such moments, traders try to buy as the current movement is likely to continue and thus change its direction.

    https://blog.roboforex.com/wp-conten...reversal-1.png

    Hence, if we expect a bullish trend to reverse, it is important for us that the next high became below the previous one, as well as the next minimum. At such a moment, we may suppose a trend reversal downwards. Here, we may start thinking about selling the instrument.

    On the contrary, if in a price movement we see each next low and high below the previous one, we call this a downtrend. As for the reversal of such a trend, it is important that the next low was not renewed, and the price broke the high; this is a simple signal of a trend reversal.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    Building Algorithmic Trading Systems: 2 Main Approaches, Testing, Tools

    Author: Timofey Zuev


    The major components of an algorithmic trading system are research tools, performance, ease of development, resiliency, and testing, separation of concerns, familiarity, maintenance, source code availability, licensing costs, and maturity of libraries. Before deciding on the "best" tool, which to write an automated trading system with, it is necessary to define the requirements:
    1. What will be the frequency of trading and the likely trading volume?
    2. Will the system require risk management or portfolio construction module?
    3. Will the system require a high-performance backtester?

    Traders, who require more custom-built and complex systems, might need to look at using C#, Matlab or Python, but I would say for the other 95% of day traders Algorithmic Trading Software will suffice.

    1 - Compute in Python, Matlab, C#

    In this case, programming skill is an important factor in creating an automated algorithmic trading strategy. Being knowledgeable in a programming language, such as Python or R, will enable you to create the end-to-end data storage, backtest engine and execution system yourself. It allows you to explore the higher frequency strategies as you will be in full control of your "technology stack". While this means that you can test your software and eliminate bugs, it also means more time spent on coding up infrastructure and less on implementing strategies, at least in the earlier part of your algotrading career.

    The basic workflow is the following:
    • An algorithmic trading strategy feeds market data (historical or live) into a computer (backtest or automated execution) program.
    • The program then submits orders to a broker through an API and receives order status notifications back from the broker.

    MATLAB and Python have been my favorite backtesting platforms. It has a very comprehensive and user-friendly interface for developing and debugging programs, and it has a wide array of toolboxes that cover almost every arcane mathematical or computational technique you will likely encounter in trading strategy development.

    https://blog.roboforex.com/wp-conten...nce-python.png

    Picture: import of historical data from Yahoo Finance to Python

    https://blog.roboforex.com/wp-conten...lgotrading.png

    Picture: the process of algorithmic trading

    2 - Algorithmic Trading Software. No coding skills

    The second approach is algorithmic tools, such as Multicharts, StrategyQuant, or R Trader Strategy Builder (free and easy to use, cloud-based), and many more.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:

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