FORexgen FORtune

The Trading Optimizer's main functionality is to create relations between groups of pairs and finding the best combinations that may produces the best profit in the minimum time possible, this process is performed by sophisticated -state of the art- algorithms which is based on the classification and clustering of correlated pairs resulting in simulating all possible runs in history to get the best combinations.

•The trading optimizer inputs are the pairs’ symbols. While, its outputs are the combinations of the pairs that reached the most expected profit in the history.

In the following screen traders select the desired optimization type:

- Fixed open variable closes

- Variable opens fixed close

- Variable opens variable closes

 

In the following screen traders selects the desired currency pairs to create all their possible combinations.

The following screen enables traders to select the desired collections of pair’s combination.

The following screen will show all the possible orders’ directions according to the determined combination size.

In the following screen the determined directions will be applied on the pairs’ combinations.

 

In the following screen traders will select the desired combinations to be optimized. 

In the following screen the combinations’ profitability will be represented graphically on the chart.

In the following screen the combinations’ profitability will be represented graphically on the chart

 

 

The Strategy tester main structure will be as the following

 

will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.

The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.

The strategy tester uses the following two components to carry out its process.

Validator

-  Validates the prior used strategy to be applied on the historical data.

-  Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.

-  Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.

Verifier

- Scoring and ranking the time results from using the strategy.

- Providing the trader with feedbacks on different strategies performance.

Pip value calculator

Pip value constantly changes according to the market currency price for indirect currency pairs.

Kindly enter the current value of the bid/ask of your desired pair in the price box then press retrieve button to get the pair pip value in dollar

Instructions

You may input any prices you need in the second column of the table. If you are using non-standard lots, you may input the size of your lot in the bottom cell.

Other currencies with same USD pip value EUR/USD GBP/USD, AUD/USD USD/JPY EUR/JPY, GBP/JPY, AUD/JPY USD/CHF EUR/CHF, and GBP/CHF USD/CAD EUR/CAD

 

Quick Review

Pip (or Points) is a term used in Forex market to indicate the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).

Lot or Contract is the standard unit of trading on certain exchange.

 

 

The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.

To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.

Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.

The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.

Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.

 

 

In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces every day. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.

 

Technical analysts in the Forex market found that by observing the candlesticks patterns, there are recurring patterns on the candlestick charts. Such patterns are like recurring pictures on the candlestick charts and they tend to occur when a trend is about to end or reverse its direction. The patterns are a very good visual representation of the price movements and it give traders a good view of what is likely to happen next in the market.

Why are candlesticks patterns important? The answer for this question is quite simple because candlesticks represent true status of what is going on in the market at the current moment. If a candlestick range is tight, this means that the market range for the trading day was very tight. If this narrow candle range appears after a strong up-trend, it may be a strong indication that the market there is a bearish power have now entered the market more aggressively, and it's strongly suggesting that the price may fall down.

Finally, candlesticks patterns can be easily used to determine potential reversals of the current trends in the market - most likely when used at the same time with other technical indicators. By constantly observing the candlestick patterns, traders can observe potential reversals of trends and have good opportunities to join the market with strong indication of what will go on next.

 

APPRECIATION:

A currency appreciates when it strengthens in price.

ASK RATE:

The rate at which traders can currently buy a particular currency.

ASSET ALLOCATION:

Investment practice that divides funds among different markets to achieve diversification for risk management purposes.

 

BALANCE OF TRADE:

The value of a country's exports minus its imports.

BAR CHART:

A type of trading chart consisting of four significant points: the high (1) and the low (2) prices, which form the vertical bar; the opening (3) price, which is marked with a little horizontal line to the left of the bar; and the closing (4) price, which is marked with a little horizontal line to the right of the bar.

BASE CURRENCY:

The currency in which an investor keeps his book of accounts. In the Forex market, the US dollar is normally considered the base currency for quotes. Exceptions are British Pound, Euro, and Australian Dollar.

BEAR:

A person who thinks that market prices will decline

BERAR MARKET:

A market that is characterized by declining prices.

BID RATE:

The rate at which traders can currently sell a particular currency.

BID/ASK SPREAD:

The difference between the Bid and the Ask price, and the most widely used measure of market liquidity. Narrow spreads usually signify high liquidity.

 

The forex market is a near-seamless 24-hour market. Subject to available liquidity, Forexgen offers trading from Sunday, starting after 11:00 PM EST, until Friday, 11PM, EST (Forexgen Client Service is available 24/7). With the ability to trade around the clock, currency traders have the advantage of customizing their own trading schedule; they can usually get in or out of the market at any time without waiting for an opening bell or encountering a market gap. While trading stocks after usual market hours is possible, very often that possibility is negated by a lack of order flow or a drastic widening of the bid-ask spread.

Pay No Commissions*

 

In the forex market costs are confined to the bid-ask spread. Forexgen charges no commission or additional transaction fees, and its customer's trade on spreads provided to Forexgen by some of the world’s largest banks via the FX Trading Station. In the stock market, “no-fee” programs are frequently offered only with provisos mandating minimum account balances or minimum trades per month.

No Uptick Rule

 

Unlike the equity market, there is no restriction on short selling in the forex currency market, no matter which way the market is moving. Since currency trading involves buying one currency and selling another, a trader has the same ability to trade in a rising market as in a falling one.

 

 

Information about stocks is abundant, but so are the stocks. Finding a trade opportunity in the equities markets may mean sifting through data on thousands of stocks, while the forex trader has only six major currencies to research. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private, and sometimes subject to fraud, deception and insider trading. In contrast, virtually all of the news that bears on the forex market is in publicly disseminated reports from governments or research institutions, and released to everybody at the same time.

The knowledge you've gained in analyzing stocks is easily transferable to the forex market. Many of the economic indicators familiar to equity traders, such as payroll data and interest rates, affect the currency markets. And many technical traders have found the forex market to be particularly attractive, since currencies respond well too many of the common technical indicators, such as MACD, RSI, and Candlestick charting.

1. Choose your currency pairs   2. Decide how much risk you are willing to take and how much you want to gain   3. Track the time and date you placed the trade.   4. Keep notes describing your strategy and why you chose to enter the trade?   5. Decide how long you want to stay in a trade (hours, days, weeks, months).   6. Why did you exit the trade? Was it at your stated stop or limit level, or did you get out for other reasons, etc.?   7. Experiment. Remember, you want to make your mistakes on the practice account - not with real money!