20 proven Forex Trading Strategies #3 and #4

5 Min Trading System # 3


Pairs:
EUR/USD, GBP/USD, USD/JPY, USD/CHF

Indicators:
Bollinger Band (20,2)
Stochastic (5,3,3)


Trading Rules:

* A close must happen outside the bollinger band.

* Stochastic oscillator must be in oversold area (below 20) or overbought area
(above 80)

* If market is in uptrend, look for a red candle. If market is in a downtrend, look for a green candle. We will call these the “signal candle”.

* Once you see your signal candle, enter in that same direction and aim for 10 pips.


* Stop loss at 20 pips or according to your trading rules.

5 Min Trading System # 4

Pairs:
EUR/USD, GBP/USD, GBP/JPY

Indicators:

Bollinger Band (20,2)

Rules For Long Trades:

* Bollinger band must slope up
* Go long when the price touches the middle bollinger band from above
* Stop loss at lower band or 15 pip
* Take profit at upper band

Rules For Short Trades:

* Bollinger band must slope down
* Go short when the price touches the middle bollinger band from below
* Stop loss at upper band or 15 min

* Take profit at lower band.

from the book 20 proven Forex Strategies 

20 proven Forex Trading Strategies #1 and #2

5 Min Trading System # 1


Pair:

EUR/USD

Indicators:
MACD (12,26,1)
Stochastic (5,3,3)
EMA 5 to the close
EMA 5 to the open


Buy Signal:

When the stochastic crosses up from the 20 line and is not overbought
The MACD closses higher than the previous time interval
The signal candle closes higher bullish
The 5 EMA to the close has crossed the 5 EMA to the open
Stop loss is 20 pips
Close when the 5 EMA to the close has crossed the 5 EMA to the open




Sell Signal
When the stochastic crosses down from the 80 line and is not oversold
The MACD closses lower than the previous time interval
The signal candle closes lower bearish
The 5 EMA to the close has crossed the 5 EMA to the open
Stop loss is 20 pips
Close when the 5 EMA to the close has crossed the 5 EMA to the open



5 Min Trading system # 2

Pairs:

EUR/USD

Indicators:
10 EMA
21 EMA
50 EMA

System Rules:
Wait for a trend to shown on the 5 min chart, higher highs in an up trend and lower
low in a down trend, look at the 50 EMA for trend strength and direction.
Make sure you are not in the Asian session or at the end of the London or US
session.

Check there is no major upcoming news about to come out before you place a
trade.

Once price enters into the ZONE, wait for the pullback and open a trade, sell for
down trend and buy for up trend.

Set stop loss at 5 pips + spread
Set take profit at 10 pips
ZONE is the area between 10 EMA and 21 EMA. The 50 EMA is our gauge for the
strength of the trend, in a good strong trend it should be pointing up or down at about 30
degrees from horizontal.


From the book: 20 Proven Forex Strategies - Thomas Carter.

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HIGH-FREQUENCY TRADING (part 1 )

It is important to realize that a large and increasing part of the daily stock, futures, exchange-traded fund, currency, commodity, and options volume is being executed by high-frequency trading (HFT) firms that have algorithms designed by quantitative analysts called quants. 



Most of the programmers have master's degrees or PhDs in mathematics, quantitative analysis, engineering, programming, or physics, and the best ones make a $1 million a year for their efforts. Some algorithms hold positions for a fraction of a second, and others for an hour or two. Every imaginable strategy is used, including models based on complex financial analysis of huge volumes of data, to simple statistical aberrations. Every idea has to have sound logic, and back-testing has to confirm that it is effective. Some programmers tweak their programs during the day to give them an edge for the next few hours.



Many programs operate in the world of nanoseconds (a billionth of a second), and every advance in hardware and software that reduces the latency between receiving data and getting orders filled is employed. The fastest programming languages and operating systems are also used to reduce the latency. Since their edge is very small and hundreds of millions of dollars are at stake, HFT firms tend to be secretive, stealthy, and filled with smart people.


CBS's 60 Minutes ran a story on HFT in October 2010 and reported that as much as 70 percent of the volume and over a billion shares of stock daily were being traded by HFT programs. This is somewhat misleading because the HFT firms are only part of the algorithm trading world. There are other programs that are designed for longerterm trading and are also part of that 70 percent. Both the instantaneous high-frequency trading software and the longer-term program trading software are created by quantitative analysts. These quants are mathematicians, and the ones who design the HFT programs care nothing about charts or fundamentals and are interested only in short-term market tendencies based on statistical analysis. Most of them don't even care about 5 minute charts, and their trading has nothing to do with whatever chart you are watching during the day.

Forex vs Stock Market

What are the differences between trading in the FOREX and operating in the stock
market?


The FOREX market is always open. Like some supermarkets that are open 24 hours, the FOREX is a “supermarket” of currencies, open 24 hours a day, 5 days a week. The FOREX opens in most of the brokers on Sunday at 3 to 5 p.m. Eastern Time (ET) and stays open until Friday at 4 p.m. EST (it must be borne in mind that the opening and closing—Sunday and Friday—may vary from broker to broker). In this way, traders have the ability to operate eitherin the American, Asian, or European markets, which gives them the advantage of being able to react to certain events or news that is bound to emerge andalso gives them the opportunity to decide their schedules.


No commission is charged. Most brokers do not charge additional fees or commissions to buy or sell currencies, whether online or by telephone. This isso because of the use of a fixed spread that is consistent and transparent. The cost of a buy/sell in the FOREX market is much lower than in any other market (e.g., stock, futures, etc.). A side note to this is that because of the competition for narrower spreads and faster executions, some brokers are providing very tight spreads and extremely fast execution with little latency.
In order for them to do this, however, they are now starting to charge

commissions. The commissions vary, and with a little due diligence, you will be able to find just the right broker.



Orders are executed instantly. In normal market conditions, the execution of ordersat a given price is done instantly. The trader places the order at the quoted price, which is being updated in real time. There is no difference between the price shown by the broker and the price at which the purchase order is executed. There are special conditions, though, in which market volatility is such that orders can be delayed or requoted, but under normal conditions, there are no such delays.


There are no restrictions on short selling. Unlike the stock market, the FOREX has no restrictions to open sell positions (short). In the FOREX, there is a chance to buy or sell regardless of whether the market is bullish or bearish. Owing to the fact that in the FOREX there is always someone buying a currency and selling another at the same time, there is no structural bias in the market. A trader can operate both upward and downward in the market.


What, then, is the relationship between the stock market and the FOREX? The stock market serves as a key indicator for the FOREX market. Technology has facilitated the possibility of investing in markets other than the local market/country, no matter their geographic location. Therefore, it has forged a relationship between the stock market and the currency of the country like this: If the stock market is going upward, it increasesthe investment in dollars, but in a market that is on the downside, investors tend to sell shares of companies in that country, attempting to recover capital and investing inanother country.

There are no intermediaries. Stock markets that tend to be centralized have advantages for the operator. But a problem with this is the need for an intermediary between the stock market and the trader. However, FOREX intermediaries do not exist, and thus the trader may buy or sell in the FOREXmarket without physical intermediaries that can buy or sell a particular pair at the time that they wish or think is appropriate. In the absence of an intermediary, the trader gets higher profits at lower costs.




The market is not controlled for buys or sells. The stock market is more susceptible to speculation based primarily on rumors of buying or selling by other companies. I can see this when a big company buys another relatively smaller company, and the value of the company’s shares increase. But the stock market is also likely to go down when you think that a company has been making profits and that investors tend to take profits by selling the shares.




Four currencies against thousands of shares. In the FOREX market, there are six major pairs, whereas in the stock market, there are thousands of companies. So analyzing four key pairs is much easier than analyzing thousands of companies. In the FOREX, obviously there are more than a hundred pairs, but those that are the most subject to transactions include only six major pairs.