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  • Vlad RF
    replied
    RoboForex adds several useful improvements and new instruments to R Trader


    We’ve expanded the list of Stocks and CFDs on stocks of American companies available for trading in R Trader, and improved the platform’s functionality. Benefit from all opportunities the updated web terminal has to offer to make your operations with over 12,000 trading instruments more efficient.
    More about updates to R Trader:


    1. Over 650 new assets
    The list of instruments available for trading has been added with over 650 Stocks and CFDs on stocks of the companies that had their IPOs recently, such as Affirm (AFRM), Airbnb (ABNB), Bumble (BMBL), Coupang (CPNG), Roblox (RBLX). In addition to that, there is an opportunity to invest in SPAC, which has been hyping all over the stock market recently.

    2. Corporate actions – right on the charts
    Major corporate actions can be now tracked right on the charts. This new feature makes following the news of the companies you’re interested in more convenient.

    https://roboforex.com/uploads/news/2021/rtrader-updates/screen1.png

    3. Opportunity to hide accounts
    Now you can see only those accounts that are frequently used, while all other accounts can be hidden from the terminal panel. It won’t have any influence on their activity as you can unhide them at any moment and they will be displayed on the screen again.

    https://roboforex.com/uploads/news/2021/rtrader-updates/screen2.png

    4. New languages and analytical tools
    Within the frameworks of the update, we’ve added such analytical tools as UK Top Losers, Gainers, Volume leaders. Also, the terminal is now available in new languages – Portuguese and Thai.

    5. More flexible settings
    • History of orders and transactions can be filtered by instruments.
    • Server time is now displayed at the bottom of the screen, while the client time – in the “Contract specification” section.
    • Watchlists can be now navigated from a keyboard.
    • Any indicator or other technical analysis element can be removed with the “Delete” key.
    6. Enhanced capabilities of the mobile version
    • More convenient Watchlists management.
    • New graphs and indicators in Charts.
    • Corporate actions
    https://d.radikal.ru/d01/2104/19/7dca2b0420c5.png

    Add new assets to your investment portfolio and benefit from all opportunities of the updated platform to improve your trading results. If you’re unfamiliar with the multi-asset platform, open an account and get access to trading more than 12,000 instruments.

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How To Trade Intraday with Keltner Channel?

    Author: Victor Gryazin


    In this overview, I will present to you the main principles of trading with the Keltner Channel indicator. This indicator forms a price channel on the chart that we will use for intraday trading.

    What is Keltner Channel based on?

    Keltner Channel is a popular trend indicator that can be used for evaluating the current trend and searching for trading signals. The indicator was created by a trader Chester W. Keltner in the 1960s; later (in the 1980s) Linda Bradford Raschke used a modified version of this indicator.

    In Keltner Channel, we use a combination of medium-day volatility (the ATR indicator) and a Moving Average (SMA or EMA). The indicator consists of three lines: the upper, lower, and middle ones. These lines go alongside the quotations, creating a dynamic price channel. The working principle is similar to those of other channel indicators: Envelopes and Bollinger Bands.

    On the price chart, the moves of quotations in the Keltner Channel look as follows:
    • When the asset is in an uptrend, the quotations regularly reach the upper border of the indicator and break through it. Most of the time, the price rests above the lower line of the channel and sometimes descends to the middle line.
    • When the financial instrument goes in a downtrend, the quotations regularly reach and cross the lower line of the price channel. Most of the time, the price rests below the upper line of the channel and sometimes corrects to the middle line.

    https://blog.roboforex.com/wp-content/uploads/2021/04/KeltnerChannel-995x630.png

    Installing and setting up the indicator

    Keltner Channel is not a standard indicator, which means you need to download the installation file and install the indicator to your terminal. You can download the file for MetaTrader 4 via a link at the end of the article.

    To install Keltner Channel to MetaTrader 4, copy the file with the indicator into the folder Indicators. Via the Main menu, go to File/Open data catalog/MQL 4/Indicators – copy the file into the folder and restart the terminal.

    As a result, Keltner Channel will appear on the list of user indicators, and you will be able to install it to the desired chart via Insert/Indicators/User/Keltner Channel. Alternatively, left-click the indicator in the Navigation window and drag it to the chart.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    Butterfly: How to Trade the Graphic Pattern?

    Author: Andrey Goilov


    Technical analysis suggests a whole range of patterns. Each author tries to make their pattern unique and describe it in as much detail as possible. At a certain point, there even appeared a whole trend of adding the Fibo grid to already existing patterns to enhance identification. Such price structures are called Harmonic patterns.

    Many investors add Fibo levels even to such simple patterns as Head and Shoulders to evaluate the position of Shoulders and whether it complies with the requirements to the pattern. For the Double Top pattern, they have invented the Dragon pattern, in which the author also uses the Fibo grid to assess the correctness of the pattern and whether it will work.

    I have a reason to tell you all this. To the Butterfly pattern that I am describing below, the same principle is applied. To check whether the pattern has formed correctly, Fibo levels are used. The main issue is how to do it. Before answering this, let us get into the history and the specifics of the topic.

    What is the difference between the Butterfly and Gartley?

    The Butterfly pattern is very similar to the Gartley pattern (also called Gartley Butterfly). We already have an article on it. Many traders mix these two up but if you look closely, they are absolutely different.

    The Gartley pattern was designed and presented by Harold Gartley in his book "Profit on the Stock Market". At that time, it did not include Fibonacci levels. Later, Harmonic traders added the levels and concluded that the B point of the pattern must be near 0.618 of the correction and point D — at 0.786.

    As for Butterfly, point B is near 0.786, while point D is near the projection of 1.27 of the XA wave. This is the main difference between the Butterfly and Gartley patterns. As you can see, it would be a hard job to find this difference without Fibo levels.

    The structure of a bullish Butterfly

    A bullish pattern gives the trader a signal to buy. Each of the five points of Butterfly coincides with its own Fibo level.

    Mind that even if the price reaches the marked level of point D, where we expect the pattern to end, do not rush at opening a buying position. This area is called the "Potential reversal area", which means that the price will not necessarily grow.

    The bullish Butterfly pattern forms as follows:

    https://blog.roboforex.com/wp-content/uploads/2021/03/Pic-1-1.png
    • The price starts going upwards in the first point X. This is where the Butterfly starts forming.
    • Upon testing the next point A, the quotations go down but no lower than point X. The place where the decline stops gets the name of point B.
    • Upon testing point B, the quotations form an ascending impulse again but do not renew the high. The place where the growth ends is called point C.
    • After they test this latter point, the quotations start their final decline which ends in point D. This will be the largest movement of all, and traders prepare to buy from this point.
    Closing thoughts

    The Butterfly pattern is a graphic structure that consists of five points. It has clear entry and exit rules.

    Harmonic Trading on the whole presumes trading by such patterns, not just describing them. A trader does not only open and closes positions near the levels that they have drawn by the Fibo grid but also learns to manage their trading, draws trendlines to find a good entry point, splits the position into parts for the sake of comfortable work, and uses Trailing Stop.

    The Butterfly patterns should be traded by the trend because this way your potential profit will be much higher. Finally, never forget about money management, no matter how well the points coincide with Fibo levels and how harmonically the whole pattern looks.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Trade by USD/CHF?

    Author: Victor Gryazin


    USD/CHF – the US dollar against Swiss franc – is one of the majors in Forex. In this overview, we will discuss some factors influencing the quotations of USD/CHF as well as learn some ways of trading the pair.

    Some history

    The history of the Swiss franc starts in the 1700s. At those times, in Switzerland, there were numerous coins in circulation, including foreign ones. Aiming at creating a unified currency, the Swiss government introduced the franc all over the country. The state monetary and credit policy is carried out by the National bank of Switzerland.

    Throughout history, the Swiss franc has been some sort of a safe-haven currency. Historically, it had almost zero inflation, moreover, Switzerland legally secured gold reserves behind the national currency. This measure, however, was canceled in 2000 through certain changes in Swiss constitution.

    Thanks to a flexible exchange rate and sustained development of the economy, the Swiss franc remains one of the most stable currencies in the world and enjoys active demand as a protective asset. The trust of international investors is the reason for the growth of the franc against other national currencies.

    How to trade USD/CHF?

    For USD/CHF, various methods and approaches can be used depending on your preferences. You can use fundamental factors, tech analysis, and indicator strategies.

    Trading fundamental factors

    One way is to trade using fundamental factors and events. This might be short-term trading on news or long-term trading on expectations of changes in interest rates or during some world crises.

    Example:

    Using the property of the Swiss franc to act as a protective asset in different crises, you can sell USD/CHF (buying the franc against the dollar) when investors flee for safe-haven assets. After the beginning of the pandemic of COVID-19 in 2020, USD/CHF quotations fell from 0.9850 to 0.9200 during a couple of days.

    Examples of trading by Two Fingers

    https://blog.roboforex.com/wp-content/uploads/2021/04/usdchf-fundament-996x630.png

    Bottom line

    USD/CHF is a popular pair in the Forex market. Thanks to its liquidity, availability, and the minimal spread it is so loved by traders. You can trade it based on fundamental factors, tech analysis, or indicator strategies.

    Beginner traders should start practicing on a demo account and switch to a real one only after they get a stable positive result. To trade successfully, you need to be disciplined and stick to your risk management rules.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Trade by the Two Fingers Strategy?

    Author: Victor Gryazin


    In this overview, I will present a simple but popular strategy called Two Fingers. The idea of the strategy is to find signals of the main market trend after a correction.

    How does the strategy work?

    Two Fingers can be called a medium-term strategy: it takes several days for signals to form and work. As long as it is very simple, it suits any currency pair.

    The main idea of the strategy is to find a strong market trend and open a position in a correction. Look for a trend on D1 and for entry points — after a correction on a smaller H4 timeframe.

    Two Fingers is an indicator strategy. To find the trend and signals, the strategy uses 4 indicators:
    • Moving Average (22)
    • Moving Average (5)
    • Bill Williams's Fractals
    • OsMA
    Installing the indicators by the strategy

    The indicators used in the strategy are standard and available in basic MetaTrader4 and MetaTrader5. Open and install the indicators via the Main menu: Insert/Indicators.

    To trade by Two Fingers install four indicators on the chart of your instrument:
    • MA 1: period 5, method: Simple, apply to: Close, style: choose red.
    • MA 2: period 22, method: Simple, apply to: Close, style: choose blue.
    • Fractals by Bill Williams.
    • OsMA with the following parameters: fast EMA: 12, slow EMA: 26, MACD SMA: 9.
    To avoid repeating the whole process each time you start trading, you can save this set of indicators in MT4 and MT5 as a template. Right-click the window with the indicators and choose Template/Save template/Two fingers.

    Examples of trading by Two Fingers

    Let me show you several examples of buying and selling by the strategy:

    A buying trade
    • On D1 of USD/JPY there is an uptrend. The red MA(5) is above the blue MA(22).
    • On D1, an upper Williams's Fractal has formed.
    • Draw a horizontal level through the high of the second candlestick after the fractal icon (104.50).


    https://blog.roboforex.com/wp-content/uploads/2021/03/TwoFingers-buy-1-998x630.png

    Bottom line

    Two Fingers is a trend strategy; it is based on trading the trend after a correction. This is a medium-term strategy which signals appear and work during several days. Reagrdless its rules being so clear, test it on a demo account and make sure it works well.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex: changes in trading schedule (Easter holidays)


    We’re informing you that due to the Easter holidays in the USA and the European countries, Catholic Good Friday and Easter Monday, there will be some changes to the trading schedule*.

    MetaTrader 4 / MetaTrader 5 platforms

    Trading schedule on CFDs on US indices (US30Cash, US500Cash, USTECHCash) and Japanese index JP225Cash
    • April 2nd, 2021 – trading stops at 4:00 PM server time.
    • April 5th, 2021 – trading starts as usual.
    Trading schedule on CFDs on German index DE30Cash
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – no trading.
    • April 6th, 2021 – trading starts as usual.
    Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on oil (Brent, WTI)
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – trading starts as usual.
    Trading schedule on CFDs on US stocks
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – trading starts as usual.
    Trading schedule on CFDs on Russian GDRs
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – no trading.
    • April 6th, 2021 – trading starts as usual.
    R Trader platform

    Trading schedule on US stocks and ETFs
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – trading starts as usual.
    Trading schedule on CFDs on US stocks and ETFs
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – trading starts as usual.
    Trading schedule on CFDs on US indices (US30, US500, NAS100)
    • April 2nd, 2021 – trading stops at 4:00 PM server time.
    • April 5th, 2021 – trading starts as usual.
    Trading schedule on CFDs on EU and UK indices (GER30, UK100, FRA40, SPA35)
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – no trading.
    • April 6th, 2021 – trading starts as usual.
    Trading schedule on CFDs on EU and UK stocks (except Danish, Norwegian, and Swedish)
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – no trading.
    • April 6th, 2021 – trading starts as usual.
    Trading schedule on CFDs on Danish, Norwegian and Swedish stocks
    • March 31st, 2021 – trading stops at 2:00 PM server time.
    • April 1st, 2021 – no trading.
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – no trading.
    • April 6th, 2021 – trading starts as usual.
    Trading schedule on metals (XAUUSD, XAGUSD) and CFDs on oil
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – trading starts as usual.
    cTrader platform

    Trading schedule on metals (XAUUSD, XAGUSD)
    • April 2nd, 2021 – no trading.
    • April 5th, 2021 – 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
    RoboForex increases the number of trading servers for its clients


    Due to a constant increase in client base, RoboForex has enabled 2 new servers (RoboForex-Pro-3 and RoboForex-ECN-2) for MetaTrader 4 platform. As a result, the load will be equally divided between all servers, thus increasing their stability and helping us in achieving our goal, providing our clients with quality services and the opportunity to trade as comfortably and quickly as possible.

    The company’s new servers offer clients to open accounts of Pro and ECN types.

    https://b.radikal.ru/b12/2103/14/0642e75211e3.png
    Open a Pro or ECN account
    and start trading with a reliable broker today!

    Start Trading

    Read more about trading conditions


    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    RoboForex cuts the list of cryptocurrencies available for trading


    RoboForex has made a decision to cut the list of Cryptocurrencies and Cryptoindexes available for trading in MetaTrader 4, MetaTrader 5, and R Trader.

    On March 30th, 2021, positions in the following instruments will be switched to the "Close Only" mode:

    https://b.radikal.ru/b38/2103/66/17001dea5f9e.png

    On April 23rd, 2021, from 12:00 to 1:00 PM server time, all open positions in the listed-above instruments will be closed at the latest market price, while all pending orders will be cancelled.

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

    Sincerely,
    RoboForex team
    Last edited by Vlad RF; 03-25-2021, 11:50 AM.

    Leave a comment:


  • Vlad RF
    replied
    How to Trade without Leverage

    Author:Victor Gryazin


    In this overview, I will speak about trading without leverage so that you could decide whether this type of trading suits you.

    What is leverage?

    Trading with leverage means that you open a position for a lager sum than you have on your deposit via marginal crediting. In essence, leverage is the ratio of your capital and borrowed money. In financial markets, leverage is provided by your broker; normally it starts from 1:10.

    Using leverage, traders with small deposits can open rather large positions in financial markets. For example, owning a deposit of 1,000 USD, a trader can use leverage of 1:100 (provided by their broker) and open positions for 100,000 USD total (1,000 USD * 100).

    On the one hand, trading with leverage lets the trader increase their potential profit; n the other hand, it also increases possible risks. Conversely, trading without leverage means lower risks but requires a larger deposit.

    Trading in Forex without leverage

    As a rule, trading in Forex means quite high leverage (starting 1:100). This is explained by currency pairs being instruments with low volatility, and traders compensate for this by increased trade volumes. However, using leverage is not obligatory; you can make a profit without it. This will require more investments, though.

    Naturally, potential profitability will be lower when you trade without leverage than with it. If a currency has grown by 1%, and the trader bought it for the whole deposit with leverage of 1:100, their profit will be 100%, while without leverage, it would be just 1%. However, the use of leverage means maximum risk: if you get mistaken with your forecasts, you can lose the whole of your deposit in one trade.

    Imagine a trader who has a deposit of 100 EUR and opens a maximally possible trader with leverage of 1:100, buying 0.1 lot of EUR/USD. If their forecast turns out to be wrong, and the price goes against their position, an average daily movement of 100 points in this pair (1 point = 1 euro) will destroy the whole of their deposit; they will have nothing to trade anymore.

    To open the same position of 0.1 lot in EUR/USD without leverage, one needs to have 10,000 EUR. However, the same opposite movement of 100 points against the position will only mean a loss of 1% of the deposit (100 EUR). The trader will have 9,900 EUR left to trade, while in the first case, they will be left with nothing. If you trade without leverage, you risk losing your whole deposit only if your currency nears zero.

    To trade in Forex without leverage, you need a reliable broker that provides leverage of 1:1. Choose your broker with all your diligence because your deposit will have to be substantial (starting 10,000 USD). Opening a trading account, alongside other parameters (trading terminal, type of account, currency), choose leverage of 1:1.

    https://blog.roboforex.com/wp-content/uploads/2021/03/no-leverage-forex-en-903x630.png

    Advantages and drawbacks of no-leverage trading

    The pluses and minuses of trading without leverage are as follows:

    Advantages:
    • Smaller trading risks – the size of the deposit lets you trade with a good safety margin and withstand drawdowns waiting for your asset (stocks) to grow.
    • Psychological comfort – trading with a good safety margin, you take most price movements calmly and pay less attention to trading.
    • Less expenses as you pay no fees for overnight transferring of your positions.

    Drawbacks:
    • A large deposit – no less than 10,000 USD is recommended.
    • Moderate profitability – significantly smaller than when trading with leverage.
    Closing thoughts

    It is up to each trader to decide whether to use leverage in trading or not. If you have enough money and prefer long-term trading with moderate risks, you will be comfortable trading without leverage. Choose your broker wisely and open a trading account with leverage of 1:1.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Trade by the Shark Pattern?

    Author: Maks Artemov


    Shark is a price pattern that consists of five impulses and promises soon trend reversal. This pattern is a rather recent phenomenon; it was first singled out and described in 2011 by Scott M. Carney. The pattern belongs to Harmonic trading designed by Harold M. Gartley and described in his book "Profits in the Stock Market".

    Shark is simular to such graphic analysis patterns as Double Top and Double Bottom, but in essense, it is an updated 5-0 pattern. Detecting reversal points in the Shark pattern requires the use of Fibonacci lines that are essential for the pattetn: without them, we cannot be sure if the pattern has formed correctly.

    In this article, we will discuss the rules by which the Shark forms on the chart and the principles, by which we open positions with this pattern.

    How does the Shark pattern form?

    The Shark pattern consists of five points: 0, X, A, B, C — that form on the chart one after tge other. A complete pattern looks like the shark's fin or its jaws swung open; to my mind, however, this is all very individual.

    Seeing all the five points in the chart, a trader might conclude that here goes the shark; nonetheless, without Fibonacci levels, you cannot be 100% sure.

    How to confirm a Shark pattern by Fibonacci levels?

    All trading terminals feature an instrument called Fibonacci Lines with basic settings, but they do not suit us. To check your presumable Shart pattern, delete all the default levels (except "0") and write in 0.866, 1.13, 1.618, 2 24. See below this settings amendments in MetaTrader 4/5:

    https://blog.roboforex.com/wp-content/uploads/2021/03/Fibo-1-%D0%B0%D0%BD%D0%B3%D0%BB.png

    https://blog.roboforex.com/wp-content/uploads/2021/03/Fibo-2-%D0%B0%D0%BD%D0%B3%D0%BB.png

    In more detail, you can read about Fibo levels in these two terminals in the following article:

    How does a bearish Shark form?

    A bearish Shark pattern forms in a mirror-like wave:

    Upon testing point X, the quotations form a minor correction, and the pullback ends in point A. Upon testing point A, the quotations form another descending impulse, renewing the lows in point B. Upon testing point B, the quotations begin another correction that ends in point C. This wave of growth is the largest of all.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    USD in 2021: Hoping for Best, Ready for Worst

    Author: Victor Gryazin


    As a result of 2020, the USD fell by 10% in pair with the EUR. Strategically though, the dollar grew by 10% in pairs with all world currencies, winding up a cycle of growth.

    Strengthening mostly happened in the second half of the year when the world became less fear of COVID-19, realized that the pandemic could be taken under control, and got inspired by the idea of total vaccination. Then capital markets stopped using the dollar as a protective asset. Other currencies got a chance to recuperate and grow, while the world switched to hoping for the effect of the vaccination and soon economic restoration.

    The Federal Reserve system decreased the intetest rate only once in 2020, in March, to the all-time low target level of 0-0.25% per annum, where it remains now. Soft credit and monetary policy works against the dollar in the long run, as well as talks about further stimulation. A new wave of the latter is expected in quite the nearest future, alongside the activation of trading between the USA and its partners, and vigorous growth in all key branches of economy. However, what will happen to the dollar?

    How much will the dollar cost in 2021?

    It is quite possible that 2021 will not be the most comfortable year for the dollar for several reasons. The first one is the Fed's soft credit and monetary policy. The package of stimulation measures will put more pressure on the dollar but support the whole system. Moreover, the need for the dollar as a safe-haven asset will decrease as soon as the pharma sector will find some cure for the coronavirus, and the global vaccination will show its effect. Also, do not neglect the foreign and domestic policy of President Biden that can play against the dollar as well.

    The chart of the dollar index itself shows a complete third wave of growth to 103. Today, the market is trading parts of a classic A-B-C correction. A five-wave structure of wave A aiming at 89 is complete. Earlier, in 2020, the market completed wave B, performing a structure of growth to 103. Thus it has almost formed a Double Top pattern. If we get deeper into detail, the technical picture of the Double Top is interpreted as a consolidation range between 103 and 89. Now the whole wave of decline that started in March 2020 is lokked upon as a cycle of wave C. The aim of 86

    https://blog.roboforex.com/wp-content/uploads/2021/03/%D0%A0%D0%B8%D1%81-1-1200x553.png

    How does COVID-19 influence the dollar in 2021?

    It might happen that both domestic and foreign political courses will get in the shadow of the pandemic until the coronavirus issue gets solved strategically. The world has minimum three efficient vaccines, and the vaccination campaign goes on stably and aggressively. The faster goes the vaccination, the faster collective immunity will form. This means that the economy of the US will return to normal without lockdowns, social restrictions, and constant viral disturbances.

    For now, the dollar is stable in this regard, but as soon as the risks of the coronavirus fade, the dollar will also step back.

    Technically, this picture on the chart will look as the end of the second half of the declining wave, aiming at 89. When this level is reached, we expect a new wave of growth to 95 to develop. This aim can be reached at the end of May, 2021.

    https://blog.roboforex.com/wp-content/uploads/2021/03/%D0%A0%D0%B8%D1%81-3-1200x553.png

    What can be a positive driver for the USD?

    Any complications of the process might support the dollar: arguments between the Republicans and Democrats, pauses in the stimulation, scandals, arguments with foreign counterparts.

    Moreover, do not forget about the market trend being usually unstable and the dollar — volatile. The market is a living and mobile phenomenon, reacting to all things around. However, for now, 2021 looks like a complicated year for the USD.

    Let us have a look at technical issues. Tge chart suggests that another fifth wave in the declining cycle might start developing. Bouncing off 95, a new declining wave to 86 might start developing, winding up the potential of the A-B-C formation. This scenario might be completed in September.

    When this level is reached, the technical picture will suggest a new wave of growth to 95 at the end of 2021, and by 2024, the wave might reach 106. This takes us back to the very first chart in the article.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How Should a Beginner Prepare a Trading Plan?

    Author: Victor Gryazin



    In this overview, we will discuss preparing trading plans. A trading plan helps evaluate the current market situation and make the trader’s plans come to life.

    What is a trading plan necessary for?

    A trading plan is something like a road map for traders. Based on the trading strategy that you use, a trading plan formulates existing trading opportunities and promising trades. Promising trades are those that have a high probability of a success; they are made in the right place, at the right time, with a moderate risk and a good potential profit.

    A trading plan must describe your trading ideas, your analysis of the current situation in detail. It makes a “picture” of your view on the market on paper (or in a file). On the whole, successful analysis and a correct opinion about the market do not guarantee good trading by themselves, however, your current thoughts can show you the field where you can look for trading ideas.

    Having a clear and easy-to-understand trading plan, a trader stops making chaotic emotional trades. They are no more a helpless wood chip on market waves. They set their sails and starts off towards their profit, finding and closing promising trades. Thanks to the plan their trading becomes more efficient.

    Step 1: Technical picture

    To evaluate the technical picture in an instrument, we use good old tech analysis. Open the chart of your financial instrument, check several timeframes (starting with larger ones and going down to smaller ones), and mark all the important factors:
    • Trend direction, trend lines
    • Support and resistance levels
    • Tech analysis patterns
    • Additional signals: Fibonacci levels, candlestick combinations, Price Action patterns, various original methods.
    After you have marked everything on the chart, find suitable entry points on it by your strategy. Choose signals based on which you will open your position: a breakaway of or a bounce off an important level, exiting a price range, a complete tech analysis pattern, etc. Mark all the entry points and confirming signals in your trading plan.

    https://blog.roboforex.com/wp-content/uploads/2021/03/tradingplan-technical-1002x630.png

    Correcting your plan

    During the day, depending on the dynamics of quotations, the plan might need certain corrections: additional signals might appear or, on the contrary, some of the signals might become irrelevant. This is absolutely normal, the market is influenced by multiple factors, including macroeconomic indicators. Make all the necessary corrections and go n following it.

    At the end of the day, right down the results in your trader’s diary. This will show you if you have been following the plan or trading chaotically. Also, later you will assess the statistics, see the weak and strong points of your trading systems, and correct if necessary.

    Closing thoughts

    A trading plan is the trader’s main instrument and weapon. It is meant to evaluate the current situation in the market, plan and carry out promising trades. Having a well-prepared trading plan, the trader protects themselves from chaotic, emotional trading. Being disciplined and thorough about your trading plan, you will enhance your trading and your professional skills.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


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


    We’re informing you that due to the public holiday in Russia on March 8th, 2021, International Women's Day, USDRUB will be traded according to the changed schedule*.

    In addition to that, on March 14th, 2021, the USA will transfer to the daylight saving time, while European countries will switch to the summer time on March 28th, 2021. Thereby, there will be more changes to the trading schedule*.

    MetaTrader 4 / MetaTrader 5 platforms

    Trading schedule on CFDs on US indices (US30Cash, US500Cash, USTECHCash) and oil (Brent, WTI)
    • From March 15th to 26th, 2021, trading on CFDs on US indices and 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 29th, 2021, CFDs on indices and oil will be available for trading within the operating range of the contract specifications.
    Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on the JP225Cash index
    • From March 15th to 26th, 2021, trading on Metals and CFDs on the JP225Cash index will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 12:05 AM - 10:55 PM.
    • Starting from March 29th, 2021, Metals and CFDs on the JP225Cash index will be available for trading within the operating range of the contract specifications.
    Trading schedule on CFDs on US stocks
    • From March 15th to 26th, 2021, 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 29th, 2021, CFDs on American stocks will be available for trading within the operating range of the contract specifications.
    Trading schedule on USDRUB
    • March 8th, 2021 – no trading.
    • Starting from March 29th, 2021, 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 19th and 26th, 2021, trading on all instruments, including Cryptocurrencies, will be closed at 11:00 PM server time. In addition to that, from March 15th to 26th, 2021, there might be short quoting stoppages on behalf of liquidity providers during the interval between 10:00 PM and 12:30 AM server time.

    R Trader platform

    Trading schedule on US stocks and ETFs, CFDs on US stocks and ETFs
    • From March 15th to 26th 2021, trading on US stocks and ETFs, CFDs on US stocks and ETFs 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 29th, 2021, US stocks and ETFs, CFDs on US stocks, and ETFs will be available for trading within the operating range of the contract specifications.

    Trading schedule on CFDs on oil (BRENT.oil, WTI.oil)
    • From March 15th to 26th, 2021, trading on CFDs 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 29th, 2021, CFDs on oil will be available for trading within the operating range of the contract specifications.
    Trading schedule on Metals (XAUUSD, XAGUSD)
    • From March 15th to 26th, 2021, trading on Metals will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 12:05 AM - 10:55 PM.
    • Starting from March 29th, 2021, Metals will be available for trading within the operating range of the contract specifications.

    Trading schedule on USDRUB
    • March 8th, 2021 – no trading.
    • March 9th, 2021 – trading starts as usual.
    Trading schedule on all currency pairs
    • From March 15th to 26th, 2021, trading will be stopped for an interval 1 hour earlier than usual (server time).
      Interval period (server time): 11:00 PM - 11:15 PM.
    • Starting from March 29th, 2021, currency pairs will be available for trading within the operating range of the contract specifications.
    Please, note, that on March 19th and 26th 2021, trading on all instruments, including Cryptocurrencies, will be closed at 11:00 PM server time.

    cTrader platform

    Trading schedule on all currency pairs
    • From March 15th to 26th, 2021, trading will be stopped for an interval from 10:55 PM to 11:05 PM (server time).
    • Starting from March 29th, 2021, currency pairs will be available for trading within the operating range of the contract specifications.
    Trading schedule on Metals (XAUUSD, XAGUSD)
    • From March 15th to 26th, 2021, trading on Metals will be opened and closed 1 hour earlier than usual (server time).
      Trading session (server time): 12:05 AM - 10:55 PM.
    • Starting from March 29th, 2021, Metals will be available for trading within the operating range of the contract specifications.
    Please, note, that on March 19th and 26th, 2021, trading on all instruments will be closed at 11:00 PM server time. In addition to that, from March 15th to 26th, 2021, there might be short quoting stoppages on behalf of liquidity providers during the interval between 10:00 PM and 12:30 AM server 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 by the provider.

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Use the Cycle Theory in Financial Markets?

    Author: Andrey Goilov


    Traders are always looking for certain patterns in the market to try and make money on them. Some want complicated trading strategies and price patterns on the charts, others assess the length and height of price fluctuations. Moreover, one can assess the probability of a decline or growth based on the price cycle theory.

    You can say that cycles account for periods when certain events take place – for example, the market trend changes. A cycle of growth changes for a cycle of decline, then another cycle of growth comes. There is a view that trends take some 30% of instrument behavior, while the remaining 70% are given for flats.

    Quite often we trade without orientation on the time when our goals will be reached. On the whole, time-wise price estimations are not quite widespread. However, mind that some authors clench at this theory.

    Bill Wolfe, the author of the Wolfe Waves, gives an idea of how to define the time when the goal will be reached. With this, an investor knows that they will have to wait several hours or even days and does not hope for a quick profit.

    What cycles are there?

    Life consists of cycles. John Murphy in his book “Technical Analysis of the Futures Markets” gives examples of cycle studies from as long ago as the 1940s. Cycle studies apply to the construction, stock markets, business, etc.

    In trading and investing, we have the following types of cycles:
    • Time cycles are meant for estimating price fluctuations time-wise.
    • Seasonal cycles, by which we mean noticeable price fluctuations due to weather conditions.
    • Event cycles, which means that certain events provoke certain price movements, and this behavior repeats.
    Time cycles in the stock market

    After the economic crisis of 2008, analysts expected the same situation to repeat itself in 2018. They claimed that the time cycle, in which a new crisis forms, provoking a massive decline in the stocks market, the growth of gold and the USD, lasts 10 years.

    However, the evidence of a global crisis showed itself in 2020 only due to serious economic instability and the pandemic of the coronavirus. We can say that there happened a time lag but on the whole, the expectations were met.

    The Dow Jones index dropped from 29,000 points to 18,300 points in 2020. On the chart of 2008, the decline was equally massive: the index dropped from 13,700 to 6,600 points.

    https://blog.roboforex.com/wp-content/uploads/2021/02/pic-1-1-1036x630.png

    Dow Jones started growing in March-April 2008, and the same happened in March-April 2020.

    https://blog.roboforex.com/wp-content/uploads/2021/02/pic-2-1-1034x630.png

    Hence, we can expect another serious decline of the index in 2028-2030, while its growth is just beginning. Clearly, you do not have to stick to these dates only: track the situation in the market and try to find confirmations of these forecasts. Keep in mind the time lag as well.

    Bottom line

    Every trader might have their own understanding and use of the cycle theory. Most often, investors assess the probability of certain events time-wise.

    Prices go in cycles, so events will repeat themselves. You do not even need to look at the chart, provided that you have studied the behavior of the price and detected periods or events that form new cycles.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How to Trade by Return to Average

    Author: Victor Gryazin


    In this article, we will review a popular trading strategy called the Return to Average. The idea of this strategy is that after a serious deviation (growth or decline), the price tends to return to its average.

    What is the strategy based on?

    The strategy is based on a popular statistical concept Regression towards the Mean. This theory, voiced by statistician Francis Galton, states that extreme deviations are usually followed by regression to normal values. Galton supported his theory by some research of human physical characteristics.

    In the world of finance, the Return to Average presumes that the price of an asset (or profitability) tends to normalize with time. When the current market price is higher than average, we expect it to fall in the future, and when it is below average, we wait for it to grow. In other words, this strategy is based on the expectation that after a certain deviation from the average the price will return to it anyway.

    The concept of the Return to Average gave birth to a whole range of similar trading strategies used for all sorts of instruments. The deviation of the price from mean values is usually shown by various technical indicators.

    Advantages and drawbacks of the strategy

    Like any other one, the strategy of the Return to Average has its advantages and drawbacks.

    The advantages are:
    • the strategy works well in a flat when there is no clear up- or downtrend in the market;
    • it provides a lot of trading opportunities. Normally, markets are trendy some 30% of the time, while 70% of the time it is consolidating somehow, which is perfect for the strategy;
    • positions are held shortly, unlike in trend strategies.

    The drawbacks are:
    • when the market demonstrates a strong trend, the strategy signals against it, which might lead to losses if the trend continues without a correction and never returns to the mean;
    • profit per trade is smaller than in trend strategies;
    • the strategy does not account for new information that might change the long-term estimation of the instrument. For example, if a company goes bankrupt, its stocks might fall and never return to their average price.

    Suitable instruments

    To give signals, the Return to Average strategy uses trend indicators, oscillators, and their combinations. Such oscillators as the RSI or Stochastic help to see if the instrument is overbought or oversold. They can suggest entry levels when your trade aims at the reversal to the average.

    Trend indicators show the current state of the market – whether it is trendy or flat. The most popular trend indicators are various Moving Averages and complex indicators on their basis. They assess the current trend and how much the price has gone away from the average; also, they suggest levels for taking the profit. For example, the MA (200) can serve as a long-term landmark.

    https://blog.roboforex.com/wp-content/uploads/2021/02/returntoaverage-ma200-997x630.png

    Examples of trading by the strategy

    As I have said above, there are plenty of variants of the Return to Average strategy depending on which indicators they use. You can use a combination of simple trend indicators and oscillators or take a popular complex indicator. The examples we will discuss are based on a channel indicator called the Bollinger Bands.

    The Bollinger Bands indicator appears directly on the price chart. The top and bottom lines of the indicator form a sort of a price channel, in which the price chart rests most of the time. For short-term trading by the Return to Average, you can use bounces off the upper and lower lines of the indicator that take the price back to the average line.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:

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