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Affiliate Program of Markets.com

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Update on affiliate program of Markets.com Currently the Markets.com affiliate program is down and at the moment it does not appear that this Forex broker will open another similar program. However, there are many other Forex affiliate programs that marketers can participate in. One of these is the program of the broker XM, which offers high commissions and has a … Read more

Harmonic Bat Pattern – Definition & Features

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In this article we continue with the theory of harmonic patterns, which are price patterns that indicate the potential zones of change in the market price, although as always, ideally these trend change patterns should be confirmed with other technical tools. Today we will see the Harmonic Bat pattern. It could be said that within the harmonic patterns is one of the favorites among investors due to its effectiveness or reliability of its buy and sell signals.

The Bat pattern consists of several points (X, A, B, C and D) and price movements (AB, XA, BC, CD) and, of course, it has a bullish version and a bearish version. It is similar to the Gartley pattern but with different Fibonacci levels, for example, the Fibonacci retracement of 88.6% of the X-A movement.

If we speak of an ideal or perfect harmonic Bat pattern, its defining characteristics are as follows:

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Laguerre Indicator for Metatrader 4

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In this article, we show a custom indicator for Metatrader 4 and Metatrader 5 that allow adding the Laguerre indicator to a window below the price chart. This indicator can be used to generate buy and sale trading signals, but like all tools developed in technical analysis, it is recommended its used in conjunction with other indicators to increase the reliability of the signals.

Indicator Parameters

gamma (normal value = 0.7): This parameter is the multiplier used in calculating the level lines. The higher this value the smoother it will be the line of this indicator.

CountBars (normal value = 950): It represents the largest number of bars/candles that are used to calculate the Laguerre. It can be used with increasing values ​​unless you experience performance problems with the platform since the higher the number of bars the higher the consumption of resources.

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Markets.com Forex Broker

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Markets.com-Broker Review  Markets.com is a regulated Market Maker broker (CySEC and FCA) founded in 2009 which allows to trade with Forex in the spot market, precious metals, Contracts For Difference based on many assets, commodities, indices and stocks. It is a good option for all types of traders, including retail traders.This broker also offers a complete solution of Forex social … Read more

Support and Resistance in Trading

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Two of the most basic concepts in the technical analysis of the financial markets are both the resistances and the supports. And when we talk about basic concepts we mean that they are very simple to understand and at the same time they are one of the pillars on which the technical analysis is based. First of all, we are going to define what is support and what is resistance.

  • Resistance is defined as a level or price above the current price at which the selling force will stop and eventually exceed the buying force so that it puts an end to the bullish momentum. This causes the price to begin to fall and even to reverse the upward trend. In a price chart like the one shown in the following figure, the resistances can be identified as previous peaks reached by the price before falling. In an upward trend, the resistances can be visualized as increasing highs.
  • The concept of support, on the other hand, is opposite to that of resistance. Support is defined as a level or price below the current price in which the buying power equals and eventually exceeds the selling power so that the bearish momentum is stopped and this will cause the price to rise and even the bearish trend could be reversed. Generally, in a price chart, the supports can be identified as minimums reached before the price starts to rise. In a bearish trend, the supports can be identified as increasingly lower minimums.
The following image shows several real examples of resistance (lines R1, R2, R3, R4, and R5) and supports (lines S1, S2, S3, S4, and S5).

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What is price action?

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Price action is a common term used in trading to refer to the analysis of the movements made by the price of a particular asset or financial instrument in the market.
Although it is included in the technical analysis, the analysis of price action does not use any technical indicator and the forecast of the future price trend is made based on the interpretation given by the trader of the price movement and not by the value shown by an indicator.
Price movements as a time function can be represented in the form of price charts, tables or other graphics. When price charts used other related tool analysis of chart patterns, often included in the analysis of price action, although not all traders agree this classification.

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Trading strategy based on the Parabolic SAR and volume

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The Parabolic system price/time is another idea that introduced the famous Welles Wilder in his book “New Concepts in Technical Trading Systems“. This system was developed as a high and reversal strategy, which means that a trader using this approach will always have either a buy position or a short position in the market. Here we must remember that when the Parabolic SAR generates a buy signal, for example, a series of bullish points  appears below the current price action. As the market moves higher, the indicator points also rise, first slowly and then faster.

When the trend is stopped or begins to reverse, points and prices intersect, in which case a long position is closed and a new short position is open. For this system, we want to determine whether the addition of a volume requirement for Parabolic SAR entry signals can improve the performance of these signals. For example, the buy signal for this system is when a high in price reaches a point of Parabolic SAR above the market with a volume higher than the simple moving average of 5 periods (five bars) of volume. Both conditions must be met in the same bar.

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