Frequently asked questions

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What are the advantages of your systems?

They are constructed around simple and reliable models that have been tested for a long period of time - 16 years!

 

 

Are your systems suitable for beginners?

Yes. The systems are easy for trading and do not require prior experience.

 

 

Are your systems suitable for professionals?

Yes. Our systems can be ideal for diversification of already profitable systems.

 

 

On which platforms your systems can be traded?

Practically on all. The most popular of them are TradeStation, TradeNavigator, NunjaTrader, MultiCharts, Metastock and MetaTrader.

 

 

Why Forex?

Because Forex is the most liquid market in the world with over 5 trillion dollars of daily turnover.

 

 

Is there a dependence of the broker on your systems?

No, there is no dependence.

 

 

What is the minimum deposit that you recommend?

If your broker allows trading with micro lots, one can start with $ 1,000.

 

 

Are there additional payments after the initial payment?

No, the payment is only once!

 

Do you provide Expert Advisors for MetaTrader 4?

Yes, we provide .ex4 files for automated trading on MT4 which are designed to work on eur-usd . 

 

 

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Risks Associated with Forex Trading

Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

 

There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.

 

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

 

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Leverage allows traders the ability to enter into a position worth many times the account value with a relatively small amount of money. This leverage can work with you as well as against you. Even though the Forex market offers traders the ability to use a high degree of leverage, trading with high leverage may increase the losses suffered. Please use caution when using leverage in trading or investing.

 

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What personal information do we collect from the people that visit our website?

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Sharing Knowledge

Day of the Week Trading Pattern

24 October 2017

This article will be dedicated to a market pattern called “Day of the Week” and it has been popularized by two very well-known and public recognized traders – Jake Bernstein and Larry Williams. The former has written more than 40 books and the latter is world greatest achiever in Robbins Cup - the most renowned trading championship. Maybe much more traders are using the pattern but at least I am aware of these guys who trade it.

The purpose of the following rows is presenting a pure mathematical research of the above mentioned. My wish is everyone reading this article to make his own conclusions based on my research results. Since everyone has its own metrics of profitable or not trading endeavors, I am leaving my own opinion as neutral as possible.

What is day of the Week pattern?

The pattern implies that the markets have a tendency to move in a particular side during certain day of the week. Here we are talking about all kinds of markets including Forex, commodities, stocks and stock indexes. For example one may conclude that Spot Gold has an inclination to move down on Fridays.

How can be used

How useful could be the fact the Spot Gold typically moves down on Fridays? Well, first it could be created a trading strategy around that information which will look for a sell signal during Fridays. The second option is using the pattern as a filter to an existing strategy for improving the results. So using again our example with Gold would mean that the strategy which we are currently using will skip long trades on Friday because the odds are against us on that day and we know that the market is prone to move down on this day.

How the verification/research will be done

The research will be done on 6 major Forex markets – eur-usd, usd-chf, gbp-usd, aud-usd, usd-jpy and spot Gold. The time span for the test is form 1970s to midst of 2013. The beginning date of all markets is different because of diverse inceptions dates. Since before 1999 the euro has not existed, we make an assumption that German mark is direct predecessor of the euro and there is one chart connecting  both of them. Aud-usd data begins from 1987.

It is important to be a neutral as possible to the market volatility which could vary a lot –more than 10 times could be the difference between quiet and volatile market in terms of average daily range. That`s why every move during a particular day will be divided on yesterday`s  (10)ATR value. This recalculation will ensure that a 40 pips move during a quiet market will have the similar weight as 150 pips swing during volatile occasion. 

If a day had moved up net 70 pips (high-low) and the volatility ((10)ATR) on the previous day is 50, then in our calculations the move will be calculated as 70/50= 1.4 units of volatility. The ratio show how much volatility units have been gained on that day.

 

How to understand whether particular day has a bias

After every day`s move is adjusted to the most recent volatility, we will make an accumulative equity curve which will show the real value if any for a particular trading day. If a particular day has a strong tendency toward long side then we should observe the following type of chart:

uptrend.jpg

As you can see there is a good looking upward equity curve which suggests that overall there is a strong tendency for a rally. The steepest the chart, the better is the pattern and the more money could be extracted. And opposite is true as well – the more corrections (dips) is has, the less value it will bring to us.

On the other side if the market is poised to go down, then we should observe the following type of chart

downtrend.jpg

Strong downtrend is suggesting for a good down bias.

And finally if there is no tendency to any side, then we should observe something like that

sideways.jpg

The chart moves up and down according to the overall trend direction and there is no bias to either short or long sides. The choppier the chart, more unreliable will be for any conclusion.

 

Eur-usd Research

The first market which will be examined is eur-usd, which is most traded Forex pair with more than 25% of the daily turnover.

Monday eur-usd.png

Result = 33.4 units of volatility

Monday on eur-usd falls into a neutral or non-bias trading day as there are 3 phrases of strong trend – 2 bull trends and a down trend between them.

Tuesday eur-usd.png

Result = -49.7 units of volatility

It seems that Tuesday is down biased day with a good looking down accumulative chart.

Wednesday eur-usd.png

Result = -25.14 units of volatility

Wednesday falls more into the category of non-biased day despite the fact that is has negative net result. However there is no strong tendency to either of sides.

Thursday eur-usd.png

Result = -45.64 adjusted to volatility

Thursday has obviously down bias with first part of the chart now looking good and the second segment clearly with bearish inclination.

Friday eur-usd.png

Result = 50.92 adjusted to volatility

Fridays are prone to move up as we can observe. However there is a prolonged period of down heading occasion and we could conclude that is it not a perfect scenario. Also half of the gain is made in first years of trading which just adds to the unperfected picture. 

Eur-usd summary

 

Day

Monday

Tuesday

Wednesday

Thursday

Friday

Result

33.4

-49.7

-25.14

-45.64

50.92

 

 

Usd-chf research

The second market which will be examined is usd-chf.

Monday chf.png

Result = +19.15units of volatility

Monday falls into the category of non-biased day since the result is not strong and there are a few swings..

Tuesday chf.png

Result = +24.73 units of volatility

Like Monday, Tuesday is not a strong biased day which chart looking more as sideways rather than strong heading towards either short or long side.

Wedneday chf.png

Result = +59.05 units of volatility

In the first 6 years since inception, Swiss franc has gained all of its gain on the long side. After that its behavior is more like non-biased market.

Thursday chf.png

Result = +7.39 units of volatility

A classical non-biased day is Thursday for usd-chf. Poor net result and big swings on both sides of the market.

Friday chf.png

Result = -41.51 units of volatility

Friday is looking good if we attempt to trade is on downside. It has big corrections to the upside, so it is not an easy decision.

Usd-chf summary

 

Day

Monday

Tuesday

Wednesday

Thursday

Friday

Result

19.15

+24.73

+59.05

+7.39

-41.51

 

 

Gbp-usd research

Cable is our third pair for research. Let’s take a look at its performance day by day.

Monday gbp.png 

Result = +9.58 units of volatility

No gain on either sides, so the conclusion here is very easy – a non-biased day.

Tuesday gbp.png

Result = -33.36 units of volatility

Relative good downtrend which indicates that Tuesday is down biased, but an impression makes the fact that there are some big in terms of length swings to the upside.

On a first glance the chart is looking pretty good on the downside, however it is visible the 80% of the gains are made during the first 6 years of trading. It should be a concern.

Thursday gbp.png

Result = -35.55 units of volatility

After first up take off after that Thursdays are making very consistent gains on the downside. In terms of time most of it has been dedicated towards bears.

Friday gbp.png

Result = -78.74 units of volatility

An impressive net gain on the up side combined with very good consistency. No big period of down moves. The best biased day on cable.

Gbp-usd summary

 

Day

Monday

Tuesday

Wednesday

Thursday

Friday

Result

+9.58

-33.36

-72.42

-35.55

-78.74

 

 

Aud-usd research

Monday aud.png

Result = 26.46 units of volatility

A relative good day on the upside with modest net result and 50% of the time the chart is moving sideways.

Tuesday aud.png

Result = 4.37 units of volatility

A pure non-biased day without any significant net gain.

Wednesday aud2.png

Result = -51.17 units of volatility

Wednesday is a classical down prone day with strong visible trend and without significant upside moves for prolonged periods. The net result is also must to mention.

Thursday aud.png

Result = -52.74 units of volatility

Even better result that Wednesday, but with more sideways moments especially at the beginning of the chart.

Friday aud.png

Result = -30.27 units of volatility

A modest down-biased day with big periods of upside trends. The net result is average.

Aud-usd summary

 

Day

Monday

Tuesday

Wednesday

Thursday

Friday

Result

26.46

4.37

-51.17

-52.74

-30.27

 

Usd-jpy research

The last currency pair which will be examined is usd-jpy.

monday yen.png

Result = 52.36 units of volatility

Overall bullish day but with big dips of the chart which makes it hard to describe the day as a good.

tuesday yen.png

Result = 75.50 units of volatility

An excellent bullish day with a strong and consistent upward chart. The net result is biggest form all markets so far. Really worth of exploring more.

wednesday yen.png

Result = -20.13 units of volatility

A typical non-biased day with trend in both directions without any real value added.

Result = 14.01 units of volatility

Thursday falls into non-biased day with net result at modest level.

friday yen.png

 

Result = -69.84 units of volatility

A strong net result but more that 50% of time the chart is sideways. Most of the gains are for a short period of time.

Usd-jpy summary

 

Day

Monday

Tuesday

Wednesday

Thursday

Friday

Result

52.36

75.50

-20.13

14.01

-69.84

 

Spot Gold research

The last market to explore is spot Gold.

monday gold.png

Result = 6.46 units of volatility

100% non-biased day is Monday on spot Gold. With these ups and downs and without a strong trend the day doesn’t offer any additional value.

tuesday gold.png

Result = -29.88 units of volatility

Modest net result with swing on both sides makes the Tuesday look more like non-biased day.

wednesday gold.png

Result = -20.41 units of volatility

Pretty much the same as Wednesday.

thursday gold.png

Result = -32.68 units of volatility

Thursday look more like down-biased day with most of the time the trend is bearish. The net result though is not as strong.

friday gold.png

Result = -106.95 units of volatility

Friday is the best day overall in terms of net result. However most of the gains have come form 30% of the time in the last few years.

Spot Gold summary

 

Day

Monday

Tuesday

Wednesday

Thursday

Friday

Result

6.46

-29.88

-20.41

-32.68

-106.95

 

Overall Summary

Below you can see the overall summary of all markets included in our research which will help you see all information gathered at once. I hope the research was at value for you, for your trading and for your understanding about the markets. It can be reproduced on any market which you are interested in and all you need you an Excel program. I believe that all that has been written by renowned traders must be checked by us as investors and if someone has told anything it doesn’t matter whether it is true.

 

Day/Market

Monday

Tuesday

Wednesday

Thursday

Friday

Eur-usd

33.4

-49.7

-25.14

-45.64

50.92

Usd-chf

19.15

+24.73

+59.05

+7.39

-41.51

Gbp-usd

+9.58

-33.36

-72.42

-35.55

-78.74

Aud-usd

26.46

4.37

-51.17

-52.74

-30.27

Usd-jpy

52.36

75.50

-20.13

14.01

-69.84

Spot Gold

6.46

-29.88

-20.41

-32.68

-106.95

 



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