In the previous article "Times & Trade (I)" we discussed an alternative chart organization system, which is a prerequisite for creating an indicator enabling the quickest possible interpretation of deals executed in the market. But we have not completed this system: it still lacks the ability to show how you can access certain information, and such access would help to better understand what is happening. Such information cannot be presented directly on the chart. Actually, such presentation ...
In this new article from our series about how to design a trading system based on the most popular technical indicators, we will learn how to design different simple trading systems based on a new technical indicator which is the Williams Percent Range (WRP). more...
Tape Reading is a trading method used by some traders at various stages of trading. This method is very effective and, when used correctly, it provides a stable profit growth in a safer and more consistent way than when using the well-known Price Action, which is pure candlestick observation. However, the use of Tape Reading in its currently presented form is a very complex and tedious process which requires constant concentration of attention. Over time, we inevitably begin to make mistakes ...
There is one type of assets that makes traders' life very difficult for traders — it is the futures contracts. But why do they make life difficult? When a financial instrument contract expires, a new contract is created which we then trade. Actually, upon contract expiration, we need to finish any its analysis, save everything as a template and import this template into a new contract to continue the analysis. This is a common thing for anyone trade this type of asset, but even futures contracts ...
A trading EA can be truly useful only if it can use custom indicators; otherwise, it is just a set of codes and instructions, which can be well designed, assist in managing positions or executing market deals, and that's probably all. more... ------------------- Developing a trading Expert Advisor from scratch (Part 10): Accessing custom indicatorsDeveloping a trading Expert Advisor from scratch (Part 9): A conceptual leap (II) Developing a trading Expert Advisor from scratch (Part 8): A conceptual leap ...