http://www.blogigo.com/forexgenplan en forexgenplan forexgenplan Tue, 11 Mar 2008 12:38:00 +0100 daily 1 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... Tue, 11 Mar 2008 12:38:00 +0100 http://www.blogigo.com/forexgenplan/Trading-Optimizer/10/ http://www.blogigo.com/forexgenplan/Trading-Optimizer/10/ 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. Tue, 11 Mar 2008 12:25:35 +0100 http://www.blogigo.com/forexgenplan/Strategy-tester/9/ http://www.blogigo.com/forexgenplan/Strategy-tester/9/ 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.   Tue, 11 Mar 2008 12:21:49 +0100 http://www.blogigo.com/forexgenplan/Pip-Value-Calculator/8/ http://www.blogigo.com/forexgenplan/Pip-Value-Calculator/8/   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... Tue, 11 Mar 2008 12:15:32 +0100 http://www.blogigo.com/forexgenplan/Pivot-Calculator/7/ http://www.blogigo.com/forexgenplan/Pivot-Calculator/7/   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.   Tue, 11 Mar 2008 12:13:46 +0100 http://www.blogigo.com/forexgenplan/Pair-s-Hedging-Detector/6/ http://www.blogigo.com/forexgenplan/Pair-s-Hedging-Detector/6/ 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,... Tue, 11 Mar 2008 12:09:29 +0100 http://www.blogigo.com/forexgenplan/Patterns-Recognizer/5/ http://www.blogigo.com/forexgenplan/Patterns-Recognizer/5/ 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,... Tue, 11 Mar 2008 12:05:25 +0100 http://www.blogigo.com/forexgenplan/Trading-Glossary/4/ http://www.blogigo.com/forexgenplan/Trading-Glossary/4/ 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... Tue, 11 Mar 2008 12:02:45 +0100 http://www.blogigo.com/forexgenplan/Trade-Around-the-Clock/3/ http://www.blogigo.com/forexgenplan/Trade-Around-the-Clock/3/ 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,... Tue, 11 Mar 2008 11:59:11 +0100 http://www.blogigo.com/forexgenplan/Forex-Market-Information-Easily-Accessible/2/ http://www.blogigo.com/forexgenplan/Forex-Market-Information-Easily-Accessible/2/                                         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... Tue, 11 Mar 2008 11:54:05 +0100 http://www.blogigo.com/forexgenplan/TIP-important-tool-for-learning-the-Practice-Account/1/ http://www.blogigo.com/forexgenplan/TIP-important-tool-for-learning-the-Practice-Account/1/