The scientists from CERN has finally discovered the secret of the relation between the causes and consequences in the process that are fundamental to the Forex markets — buying and selling of the currencies. The resulting formula allows an almost sure-fire prediction (~99.999% accuracy) of the market prices and rates given the last 42 OHLC bars’ data. The calculation process is rather complex and requires almost an hour of time of an average PC to complete one prediction. The discovery was made during the famous LHC experiment, which has helped to confirm some of the previous hypotheses from the theory of chaos, which explains the behavior of certain complex dynamic structures, such as the Forex or stock markets. Previously, it has been thought that it wasn’t possible to predict the outcomes in such chaotic environments. The resulting formula is still kept out of the public eye. The group of scientists that has made the discovery is currently under a constant guard of the special law enforcement unit of Switzerland to prevent the possible leak of the formula. During the next few days it will be decided whether to make the formula with all the required calculation rules public or to provide it solely to the governments of the developed countries to help them to prevent the global financial crises and to profit from the Forex speculations. Some sources already claim that the formula (or at least a part of it) has leaked to the certain closed Forex communities and some market participants are already discussing and testing this highly accurate prediction tool. MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog.
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Scientists Finally Discovered the Patterns Behind Forex
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April 1 2010, 2:41pm | Comments »
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Uneasy Situation
Hello my readers! Today I think that I need your help to solve some uneasy situation that concerns some of the reviews on EarnForex.com and thus is important for the quality of the content and information that you as the site’s visitors receive from it. The situation involves a trader (let’s call him Joe), a broker (let’s call it ACME-Forex ) and a bunch of rather rough reviews of this broker submitted by Joe. Trader Joe was trading successfully with ACME-Forex until one day he decided to withdraw his capital. After his request was refused, he submitted several reviews to EarnForex.com and some other Forex-related websites. These reviews were rather straightforward as they went straight from his heart. ACME-Forex didn’t like these reviews and began to persuade me to remove them from my site. I must say that I have a rather strict policy for the reviews — I never remove reviews unless I am really sure that they are fake, and so I refused. Then ACME-Forex finally came to an agreement with trader Joe to return almost all his capital but on some conditions. These conditions require Joe to ask all the sites where he submitted his reviews to remove them. The final part of Joe’s capital (1/3 of it) will be returned to him only when all his reviews are removed from all sites. In my opinion, it wasn’t very wise on Joe’s side to sign such an agreement, as he obviously can’t control the reviews posted on some websites, but he did sign it. So, now Joe asks me to remove his reviews from my site for ACME-Forex to return his money to him. And as I don’t remove reviews in such cases and refuse, he blames his “suffering” on me. I agree that he should get his capital back, but I also believe that it shouldn’t cost my visitors the possibility to read the actual reviews of ACME-Forex as I consider all reviews useful to traders. Since removing those reviews from EarnForex.com will influence my readers, I feel obliged to ask your opinion on this matter. Should I remove Joe’s reviews so he could get his money back and new traders couldn’t read these reviews or shouldn’t I? Note: There is a poll embedded within this post, please visit the site to participate in this post's poll. I would also really appreciate it if you would leave a commentary with your opinion on this matter. MetaTrader 4 platform with ECN execution - FXOpen. Posted on Forex blog.
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January 26 2010, 5:30pm | Comments »
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LMT Forex Formula In Action
Oops. I had in mind to post a screenshot of the LMT Forex Formula in action in my previous post (below this one) but forgot at the last minute before I published the blog posting. Anyways, I decided to start a new post rather than lengthen the previous one which was only intended to be a sort of “announcement” post. Here is how the system works when it’s all setup and running:
What you see in that image are 3 main indicators and an expert advisor (EA). The first indicator is a overall trend indicator (green arrow), then the second one is what Dean Saunders calls a trigger indicator, and the last indicator is a 10 period EMA (exponential moving average). The expert advisor you can see at the top right corner of the chart. Its job is to monitor the market for a proper entry point based on the rules of this trading system. So essentially this LMT Forex Formula is a “semi-automatic” trading system. The expert advisor will alert you of a possible entry. Your job then is to confirm this entry by following a few simple steps which you’ll find in the PDF manual. I am thinking that maybe this system can be fully automated - i.e turned into an expert advisor. I’ll get in touch with my coder and see what we can do. If I succeed in turning this into an EA I will be able to conduct a backtest and see how this system performed in the past 4-5 years. Of course I will publish my results as usual, so stay tuned to this blog (or better yet subscribe to the RSS feed.) Ok, that about does it for this post. I’ll be back with some performance results as soon I can gather them. Other useful resources: To chat with other owners of this trading system I invite you to checkout this thread on my Forex Nirvana forum: http://www.forexnirvana.com/showthread.php?t=676 To get your own copy of the LMT Forex Formula visit its homepage here. Cheers, Alan http://alansforexblog.com
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May 26 2009, 12:55am | Comments »
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