Author: rcanessa - Page 16

Free Scalping Indicator for Metatrader 4

Introduction

Scalping is a very popular trading style because it allows obtaining multiple profits with short-term trades and can be used in practically any asset and financial instrument. Likewise, it does not require a deep knowledge of fundamental analysis (although it is always convenient to take these events into account) or technical analysis. In fact, many scalping trading systems are based on relatively simple approaches.

Scalping is applied in short-term time frames in which micro trends are formed that last a few minutes and require fast entries and exits. For this reason, scalping is not for traders who prefer to perform long-term trades that generate hundreds and even thousands of pips of profit, which in fact appear only a few times a month.

FBS $140 Free Bonus for 2021 – LEVEL UP BONUS Promotion

by rcanessa

The Forex broker FBS, a regulated online forex and CFD broker, is offering a new promotion for all its clients in 2021 consisting of a free bonus of $140. This promotion, called LEVEL UP BONUS, does not require the trader to make a prior deposit and allows all the company’s clients, new and existing, to invest in the markets without … Read more

Free QQE Indicator for Metatrader 4

by rcanessa

In this article we are going to present a technical indicator designed for the Metatrader 4 platform which displays the QQE (Quantitative Qualitative Estimation) indicator below the price chart of any trading instrument that we are analyzing, be it a currency pair, a precious metal, an index or a stock.

At the end of this article, you will be able to download the indicator at no cost.

Investors ask court to declare that XRP is not a security

by rcanessa

Investors request amendment in SEC case against Ripple.
They say that US exchanges are set to suspend XRP trading, which is going to hurt them economically.

A group of investors in the cryptocurrency XRP filed a petition in the Rhode Island District Court, requesting a mandamus order or injunction against the acting president of the United States Securities and Exchange Commission (SEC), Eliad Roisman, to modify the lawsuit against Ripple Labs, INC.

How to calculate the mathematical expectation of a trading system

by rcanessa

Calculating the mathematical expectation of a trading system is one of the first things that should be done to know if the system is capable of making money in the long term. Having a positive mathematical expectation is an indispensable condition that any moderately reliable system must meet.

The mathematical expectation measures the amount that is expected to be won or lost on average for each trade we do. For its calculation to be reliable, it is best that we take into account as many trades as possible.

How to Measure a Trading System? – Ratios to assess your performance and risk

by rcanessa

When you design a trading system, or you are looking to buy an automatic robot on the market, you must make decisions according to your preferences. The first thing you should ask yourself is: what am I looking for?

It is clear that you are looking to earn a lot of money, yes… this is what we all seek. But after a few losses and disappointments you learn that in Forex and other markets there are no magic methods and that the perfect trading system does not exist.

So, the right question is: how can you evaluate and compare different trading systems according to their risk level and potential benefit to know if they are viable for your use?

In this article we are going to review different statistical metrics to assess the performance of an investment system.

Forex Currency Correlations Explained – Definition and Uses

by rcanessa

Have you ever noticed that when a certain currency pair rises, another currency pair falls? Or that sometimes when one pair falls, another pair seems to copy its movement and falls too. If the answer is yes, you have witnessed an example of a Forex currency correlation.

What is currency correlation?

In the financial world, correlation is a statistical measure of how two securities move relative to each other.

Bullish Harami Cross Candlestick Pattern

by rcanessa

Definition and identification

The candlestick formation Bullish Harami Cross is a trend reversal pattern that occurs in bearish markets, and indicates that there is a probability that a change from bearish to bullish trend will occurs. This pattern has a moderate reliability and can be identified as follows:

First a long candle is produced, which can be white or black.
A Doji is then formed in the next period, which is within the range of the previous candlestick.
The previous trend must be necessarily bearish.

Trend Continuation Patterns in Technical Analysis

by rcanessa

In this article we are going to focus on the topic of trend continuation price patterns. We will cover many topics related to technical analysis such as basic concepts, description of trend continuation formations, and tips on how to trade once the trend continuation pattern is found. In this way, we hope to answer the main questions on the subject, especially those related to the identification of these price formations and their use as technical tools to trade in Forex and other markets.

The three pillars of Technical Analysis

Technical analysis is based on three basic principles, which are known as the three pillars of technical analysis, and they are the following:

Price reflects everything.
Prices move in trends
The history repeats itself.

It is essential to understand each of them to really understand what technical analysis is and how it works. Let’s review each principle:

Although rising against the dollar, altcoins lose value against bitcoin

by rcanessa

Binance coin (BNB) fell over 13% compared to bitcoin.
Only Chainlink (LINK) performed close to that of bitcoin last week.

The upward momentum that the bitcoin (BTC) price has experienced recently has spread, as it usually happens, to the rest of the cryptocurrencies in the market. However, while the major altcoins have risen in value against the dollar, the story has been different when compared to BTC.

In its most recent weekly report, published this Monday, the firm Glassnode highlights how the bull market has given a greater boost to bitcoin than to other major cryptocurrencies, including ether (ETH) from Ethereum, bitcoin cash (BCH), chainlink (LINK ), polkadot (DOT), ripple (XRP) and binance coin (BNB).

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