Forex Technology Blog

We all know what the Forex Robot World Cup is and all the effort that has been invested in it. There is a new video on their site and here is what they say:

In this video we will take you through a “walk of time” so to speak: We will explain both why and how the competition was born, its process, what EA developers had to go through, not just in order to submit their EAs but also to qualify for the live trading phase, what has happened during the live trading phase on a monthly basis, a top robots re-cap, how transparency has been the #1 objective, and more.

Goto Forex Robot World Cup Website

Get FXDD Rebates at cashbackforex. Monthly Cash Rebate: 0.7 pip rebate per round turn lot traded. I have personally traded at FXDD for the past 2 years and there has been no problems encountered.

Residence, Regulation, and Company Management Structure

FXDirectDealer, LLC () is a subsidiary of Compagnie Financire Tradition.

Postal address of an office in New York is stated on the site, but there is no information about the registration of the company. There isn’t any information about managers or structure of the company either.

Company’s Market Position

The company names itself a broker and it is actually ECN.

No liquidity suppliers are mentioned.

The company offers a traditional set of accounts: individual, guided, for Introducing Brokers, White Label. Trust services are not offered.

There is some general information about insurance guarantee for trading accounts, but neither the insurance company, nor the sum is stated.

Moreover, it is said, that the guarantee was closed in July 2006, but the firm will renew it . Information about insurance is mentioned only on the Russian version of the site, but nothing is said in the English one.

Types Services Offered

The company trades 20 currency pairs quoted by stream method for the volumes of transactions not more than $3 millions. Standard (100000 units of base currency, minimum deposit $5000) and mini (10000 ed., minimum deposit $500) trading accounts are offered, marginal requirements make according to 1% and 0.5%. There is no information on whether it’s possible to combine standard and mini accounts or not.

For institutional clients, trading in gold and silver is offered through dealing service.

In the FAQ section on the site it is stated that the level of liquidation margin is 80% from initial. Judging by the example, illustrating marginal requirements in a section , it is possible to expect a liquidation level of 40%. Thus, it is possible to learn this important factor only through a demo-account.

Standard spread of 2 pt is made for EUR/USD and USD/JPY., for other majors – 3 pt., size of spreads for other courses is not mantioned on the site. The company specifies, that spreads depend on market conditions, and no guarantees of their stability can be given.

The transfer of the opened positions to the next trading day is described on the site in accordance with the traditional rules of SWAP, the rates of payments are stated only on the English version of the site.

Thus, it impossible to define the cost of trading judging by the information given on the site.

Opening an account is possible directly from the site or through sending some completed forms.

Depositing an account is made by a bank order, by check or through the system.

Traders Support

There is a small reference book and FAQ in the section, educational information is wan’t found. Demo-accounts are offered, but you may use a demo-account only for 90 days.

The site has three versions in different languages – in English, Russian and Chinese. Russian and English variants are different in many important aspects. Unfolded and detailed analyses are given only in Russian, but a calendar of the expected events quite limited, by the way) was found only in English.

Interactive support of users is conducted by phone and e-mail.

The Trading Platform

The company offers three trading platforms to the clients: FXDD Trader, Meta Trader and Power Trader for institutional clients. All of them are workable, and, judging by the short descriptions, are approximately equivalent in respect of functionality.

Site Design and Ease of Navigation Comments

The site, apparently, is done off-hand. It’s not overloaded by information. The structure of the site is simple, navigation is primitive. The design seems to be a bit careless, e.g, there are transfers from one language to another, or unexpected transfers on the home page. The table of contents is different in different languages.

Advantages

* 3 different but equally workable trading platforms, which satisfy the needs of all sorts of clients.

Disadvantages

* Unexpected transers from one language to another and to the home page.
* The information on the site varies according to the language.
* Strange situation with the insurance.
* The information about the company’s structure and managers isn’t complete enough.

poshticated.com – Yeap, a friend of mine made the logo for this new fashion site and its so cool. Lots of party dresses for the ladies out there. Go grab some as the price is cheap compared to what I’ve seen around KL.

If you need more info on the kind of clothes they’ve got, email them at poshticated@gmail.com

And as always, Jon makes the coolest designs …..

If you follow the Forex market then you probably know about the Forex Robot World Cup (FRWC) competition. It’s the one that most people are talking about right now, and with good reason.

It’s the most transparent, credible and exciting thing to hit the Forex market since… FOREVER.

There has been a definite movement away from e-books and towards EAs (expert advisors) in the Forex market – no doubt about it. It just seems to be what the market wants right now, and if you’ve ever sold an EA, you know that CREDIBLE proof is everything.

The top performing EAs will be available for purchase soon… and let us tell you, there is more proof for the FRWC EAs than anything else we have ever seen.

This competition is so transparent that the transparency (live trading, updated every 15 minutes for almost 2 months now!) has become THE strongest reason for people to go to their website and stand in line to purchase the winning EAs once available.

“Look, go to the Forex Robot World Cup’s official website and you will see a real competition unfolding… the biggest and most important one in the automated FX industry… and, by the way, once it is over, you will be able to buy the winning EAs (i.e. FRWC’s Royal Trader™)”

Goto Forex Robot World Cup Website

According to valuatemysite.com , my site is worth $210,339…nice !

In the forex market, volume is one of the strongest indicators for market action. Using it can not only empower your trade entries but also warn you of weakening trends. In this article you will learn to incorporate Volume in your trading.

Volume precedes Price

We will now describe several truths regarding indicators, price and predictive abilities. Indicators are a derivative of price, meaning that they are calculated from information extracted from price, therefore they will always be somewhat lagging behind price and their predictive abilities will decrease.

Volume, unlike indicators, is not calculated from price, quite the opposite – price is the result of action of buyers and sellers which is presented as the Volume. This is the reason why Volume is a very strong technical tool and is very useful in predicting and trading the FOREX markets.

Volume should Confirm Price Action

Because of Volume’s strong connection with price, it can be used as a leading indicator with regard to price action. The main principle for incorporating volume in your trading is that Volume should Confirm Price Action.

Example:
If price is in an uptrend, Volume should also be in uptrend. This signals that the uptrend is healthy and has ‘fuel’ for advancing.
If price is in a downtrend, Volume is also important though a bit less. A downtrend can take place even without a strong volume.
If price is in a range, Volume should be average and not too strong.

When volume does not confirm price movement – e.g. Price is moving up while Volume is moving down. Each divergence of Volume and Price can indicate that the trend is about to reverse. Note that this is merely an indication and not a trading signal. More confirmation and signals of other indicators should be used to confirm and take trades based on this analysis.

Indicators that Use Volume

In order to have a more objective means of analyzing Volume action, one can use several indicators that incorporate Volume in their calculation. This includes the Money Flow Index and Force Index.

The easiest method of trading with Volume is to place a Exponential Moving Average to smooth it. While the readings of actual, raw volume are hard to interpret, the smoothed values are easier to trade by and reach trading conclusions.

What is the Money Flow Index

Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI. Get the Money Flow Index indicator

Below is a picture of my chart and how I integrate MFI into the THV v3 template on a 4 hours Time frame to find divergence and reversal of trends.

Found a page on trading-gurus.com that had managed to get the same results as the Forex MegaDroid site’s live stats.

The Forex MegaDroid commercial MetaTrader 4 expert advisor was launched on March 30th 2009. As is so often the case in these circumstances the sales page included an impressive set of backtest results supposedly proving that the robot possessed new “artificial intelligence” technology which allowed it to predict “the immediate future with 95.82% accuracy”.

Forex MegaDroid is the first trading software to use Reverse Correlated Price and Time Analysis (RCPTA) technology which is the latest trend in Artificial Intelligence use in trading systems. This system allows for the best accuracy that has ever been achieved.

For that reason Forex MegaDroid is not a scalping software, it makes very accurate trades and its trading frequency can be as low as one trade every few days.

The settings they used for the tests for a period of Jan 1st 2009 to July 4th 2009 :

Version=”1.11″;
_1=”System Parameters”;
Stealth=true;
Aggressive=true;
GmtOffset=3;
AutoGmtOffset=false;
S1_Reference=77777773;
S2_Reference=33333337;
ReceiptCode=”";
_2=”Comment Position”;
TopPadding=1;
LeftPadding=30;
_3=”Strategy Parameters”;
Slippage=3;
SendEmails=false;
_4=”Order Management”;
LotSize=0.1;
_5=”Ratio Order Management”;
RiskLevel=0.3403;
RecoveryMode=true;

Looks like a good week. Using my new Forex Expert Adviser (EA) called R-EA, my demo account at FXCM UK is up USD2396!. From a balance of $50k on 6 Jan, it has grown to $52396.48. Pretty impressive I think. I’ve set the risk on my EA to 5% where it will trade 1 lots and it has money management options. It also uses the 100 Moving Average as a filter and it goes on the 5 min Time Frame.

Below is a breakdown of the trades for this week.

6 Jan 2010, 4 trades. Profit USD 256
7 Jan 2010, 12 trades. Profit USD 1003.48
8 Jan 2010, 6 trades. Profit USD 1137

I will begin selling the new profitable EA in February 2010. Only 100 copies will be sold as I want this EA to be exclusive. To be on my VIP list, just leave a comment in this post. Pricing TBA.

Live results of the demo FXCM UK trades can be found here

I must admit I’ve never heard much about this Audials website. I had an email sent to me early today and the good people at Audials want to give away 5 free full version licenses for their excellent software.
AudialsOne can record record everything you hear on any website or streaming application and automatically saves the file as a new MP3 or appropriate file format on your computer. It can even record streaming videos from Netflix. WOW, totally excellent.

How to get this free licences ?

5 readers will be selected randomly to receive this giveaway. To be eligible:

Just leave a comment on this post OR tweet this post and tag #AudialsOne

You can do both to increase your chances here. Prize drawing will be on 31 Jan 2010.

So what software do they have ?

1. AudialsOne – Music, movies, music videos, radio stations & podcasts! All the entertainment possible at your disposal! Free! No subscription necessary! Simply choose artists for a wishlist and in the no time at all your favorite songs or music videos are recorded from radio streams or video sites. Find, record, stream, capture, convert, manage and enjoy your entertainment always in high quality with your playback devices. The best entertainment available for you.

2. Radiotracker – 80 genres! Just place your favorite artist in the wishlist and watch it go to work! Start amassing your free music collection with the popular web radio recorder!

3. Tunebite – Music, movies and audio books. Convert them or remove DRM copy protection. Record movies online. The all-around software for all file formats and playback devices.

4. Mediaraptor – The best entertainment available online. Free! Stream music & videos directly. Mega fast! The right format for every device.

5. AudialsMobile – Select an artist and song. Music is then recorded straight from social radio stations immediately with your cell phone for free.

Here’s what been said about Audials :

And of course Audials’ products continue to receive the most accolades and coverage in its “home country” of Germany. In December of ’09, the ComputerBild magazine ran a title story with a 10-page workshop about AudialsOne with the lead “Never pay for music again! 30 million MP3 songs for free.” And other computer publications, such as CHIP, PC go, com! And PC Magazin, have repeatedly given Audials’ products very good ratings.