Forexzilla.org

Forex Strategy Builder v2.56.4

Popov — Tue, 21 Jun 2011 09:25:27 +0000

Forex Strategy Builder v2.56 has many improvements and bug fixes, comparing with the previous FSB v2.12.
The most important features are:
- Introducing logical groups;
- Better strategy Generator;
- Better charts;
Another changes are:
- Switching to default 5 digit quotation;
- Adding evaluation criteria to the Optimizer and Generator;
- Many smaller improvements and bug fixes.

EUR/USD Forex Trades

Svetlin — Tue, 21 Jun 2011 08:29:58 +0000

I’m working on my forex training videos and I’ve missed this trade. Buy at 200 EMA + Fib + ’50 level. Initial stop is 5 pips. 1st target 5 pips, 2nd 10-12 pips. By moving the stop of the last part below swing lows I follow the price move.

EUR/USD Forex Trades

Svetlin — Tue, 21 Jun 2011 08:25:14 +0000

STE off 100 EMA. 1st part closed at +5 pips, the rest of the position was stopped at -5 pips.

Market Analysis

Popov — Tue, 21 Jun 2011 08:17:46 +0000

Daily set ups, trading commentary and technical analysis from professional traders in our regular blog posts and forums. Discuss your trades and forecasts with other traders and learn from their experience.

EUR/USD Analysis

Svetlin — Tue, 21 Jun 2011 05:23:34 +0000

Asian sovereigns again absorbed the early EURUSD selling yesterday and were able to push the pair back up. The bad news from Greece are not any news and the forex market participants got used to it. Soon they may have to accept some new currencies such as Greek drachma or may be Deutsche mark but the bulls still don’t care and buy euro on dips (http://www.cnbc.com/id/43473039). A symmetrical triangle pattern is forming on the daily chart. This is a continuation pattern and the more probable direction of the breakout is up. The process could get some help from the Greek parliament if the new austerity measures are approved. Dennis Gartman says that the default of Greece ”is only a matter of time”, because “the German public isn’t going to put up with this a lot longer.” (http://www.cnbc.com/id/43471901). This is obvious for more than a year but the EU politicians easily spend the taxpayers money for chasing the wind.The price action in EURUSD is strange these days. On the daily chart a hammer was followed by white candle with large body and then another hammer that is inside the previous day’s range. This is a sign of indecision and with all the political risk we should select our trades more carefully and keep stops tight.Support is at 1.4190, 1.4125, 1.4070/65, 1.3970, 1.3850. Resistance is at 1.4385, 1.4495, 1.4555, 1.4695, 1.4750, 1.4940.

Generate strategy in seconds

dadam — Mon, 20 Jun 2011 16:49:55 +0000

Generating a New Strategy

In order to generate a complete strategy, there have to be no “locked” indicator slots. Also the “Generate a new strategy at every start” option has to be off. In that conditions, when you press the Generate button, the generating of your strategy starts all over again. This means that the strategy you have been creating so far will be deleted.

The Strategy Generator works out combination of indicators, changes their logic rules and parameters. It also changes the behaviour of the additional entry signals, Permanent Stop Loss or Permanent Take Profit in order to achieve a higher result.

The Strategy Generator does not change the number of traded lots.

Improving a Strategy

The Strategy Generator can be used to improve an already created strategy. This can be done when you have already built a strategy but feel that adding an additional filter to it can make it work better.

To do that, input your strategy into Forex Strategy Builder, open the generator and click on the indicator slot. An icon of a padlock will appear in the top left-hand corner of the slot on which you have clicked. This means that the slot is “locked”. The “locked” slots cannot be changed by the generator.

You may also set the numbers of required slots to be generated. Making different combinations you can force the Generator to search for one particular type of slot or several slots.

If you switch off the “Generate a new strategy at every start” option, the Generator will overwrite the current strategy only if the new one has a greater balance. In that way, you can generate a strategy at several stages and you have the chance to change some options meantime.

Who is our market analist

dadam — Mon, 20 Jun 2011 16:47:48 +0000

Аз съм Светлин Минев. Започнах с технически анализ на пазара през 1995г. Търгувам активно от 2003. Автор съм на три книги в областа на валутната търговия. Занимавам се с финанси, инвестиции, хеджиране, анализи. Тук ще предавам и обяснявам моите търговски стратегии. Имейл за контакти srm70@abv.bg. Успех!

EUR/USD Daily Fractal Strategy

dadam — Mon, 20 Jun 2011 12:40:19 +0000

The name of this strategy is “Fractal – Day Close” and it is designed for the daily time frame. I discovered it 4 years ago and have followed its results ever since. It gives trading signals two times per month (on average) and keeps the position opened for one day only. Here are the results from a backtest going back to 1989:

Here are some stats:

Win/loss ratio: 0.57
Time in position: 13 %
Max equity drawdown: 18.38 %

Depending on the margin used, the daily profit for a $10 000 account is between $8 and $180 per day (for the whole period – not only the days in position). The rules are simple:

enter long at the top of an up fractal;
exit long position at the end of the day;
enter short at the bottom of a down fractal;
exit short position at the end of the day.

The “Fractal – Day Close” strategy is appropriate for people who cannot afford to watch the markets all the time. Entry levels are set in advance and can be triggered by pending orders (buy stop, sell stop). All positions are closed at the end of the day (00:00), so you need to be up at that time. Carefully consider the amount you are willing to trade this way because the strategy does not use a stop loss, which might prove dangerous at some point.Today’s levels are:EURUSDLong entry at 1.46959Short entry at 1.39695So far this year the strategy continues to steadily produce profits, here are the deals for 2011:

Test it yourself and give some feedback or ask anything in the comments section.Here is the strategy set in FSB:

If you want to test it:1. Select EURUSD, 1 Day market;2. Put Fractal indicator at “Opening Point of the Position” slot;3. Press “Accept”

EUR/USD Forex Trades

Svetlin — Mon, 20 Jun 2011 11:43:19 +0000

STE at previous low. 1st part closed for 6p profit, 2nd for 12p profit, stop at +6p.

EUR/USD Analysis

Svetlin — Mon, 20 Jun 2011 10:21:00 +0000

EURUSD rallied two big figures Friday based on expectations of agreement for the new Greece debt financing package. The real reason in my opinion was just some short squeeze before the weekend. This is one of the most favorite tricks of the large forex market participants. They don’t care about Greece or EZ. They just want other people’s money. Euro starts the new week on a soft note. It is obvious that no one can save Greece from default and there is no reason to hold long positions for more than a day. If the politicians fail to reach a new agreement to finance Greek debt payments EURUSD may tumble towards 1.3430.Support is at 1.4125, 1.4070/65, 1.3970, 1.3850. Resistance is at 1.4340, 1.4495, 1.4555, 1.4695, 1.4750, 1.4940.