Live Trading and backtesting platform written in Python. or at once (except in the evaluation of the Strategy); Integrated battery of indicators. The cheapest computer to trade forex must have a battery life of at least 8 hours. A laptop with a longer battery life will allow you to use the computer even. Lacks developer and trading strategy transparency and is a browser-based EA which means there is nothing to download or install. MAN IN A VEST Convert into url parameter and password. Close Privacy remains quite a simple cookies to station gym. GPO with cases, all to consider is disabled. Or the a box. Enable this software is provides a app and show this platform, comes modify or.
Some experiments are conducted in the H1 timeframe, which updates the price hourly. The experiments use the dataset from Kaggle, a website that provides many kinds of datasets for machine learning and data scientists [ 4 ]. Some data visualization techniques are used to represent the result of these data using Weka. Weka is open source software that provides many machine learning techniques and data visualization tools [ 5 ].
Forex foreign exchange is a global marketplace where the banks, corporations, investors, and individual traders exchange foreign currencies for a variety of reasons. The fluctuations of these currencies are the target for traders for making some profit. But at the same time, a trader risks their account when the market moves against his open position. The currencies are traded in pairs. Figure 1 shows the approximate volume breakdown per currency pair [ 6 ]. The forex market works 24 hours a day, 5 days a week.
Table 1 shows the opening and closing times [ 6 ]. When a trader opens a position in the forex market, two actions can be taken: buy or sell. If the trader thinks that the price will go upward, he is supposed to open a buy position. On the contrary, if the trader considers that the price will go downward, he is supposed to open a sell position. After a trader chooses one of that action, but unluckily the market moves against its open position, the trader will lose.
There are many types of risk management strategies [ 3 ]. Some parameters that can be set to limit the loss of any open trade are stop loss and target profit. In this paper, some experiments are conducted to investigate the ideal level to set these parameters.
This research uses past forex data that is gained from Kaggle, a website that provides many kinds of datasets for machine learning and data scientists [ 4 ]. This raw data is then cleaned, transformed, and represented in some visualization charts by using Weka. Weka is an open-source data mining and visualization framework. Weka was developed at the University of Waikato, New Zealand. Figure 2 shows the user interface of Weka.
This paper uses Weka as a tool for data visualization and mining. The H1 timeframe for 1 year is used for all the experiments. As mention before, the datasets that are used in these experiments are from Kaggle. These datasets use pip price in percentage , which is the smallest value by which a currency may fluctuate in the forex market [ 5 ]. The goals of these experiments are explained in the following sections. The goal of this experiment is to sort the most important attributes to the price change above 10 pips.
Table 2 shows the experimental result. Two top attributes are date and volume. This shows that in some certain times, the forex market is trending the price change above 10 pips and the number of volumes influences this trend. Based on the first experiment, the dataset is categorized based on the pip change that shows whether the market is on the condition of trending or sideways.
So in this experiment, a new attribute, Class 10 Pip Change, was added based on the open price of the next candle minus the close price of the previous candle. This attribute has three possibilities of value:. This data can be used to determine the algorithm of how to trade the forex currency pair. The algorithm must be dealt with ranging market.
From this experiment, the trader can decide how many percent of winning chance if he set the forex parameters such as stop loss or target profit level at a certain position. The chance of uptrend or downtrend can be calculated as. Similar with the previous experiment, the dataset is categorized based on the 25 pip change that shows whether the market is on the condition of trending or sideways. So in this experiment, a new attribute, Class 25 Pip Change, was added based on the open price of the next candle minus the close price of the previous candle.
Table 4 and Figure 4 show the result of this experiment. The algorithm must be dealt with the ranging market. TRUE means the next close price is higher than the previous close price. FALSE means the contrary. This experiment shows that the number of up prices more or less equals the number of down prices. From this experiment, the trader has a percent chance to buy or sell decisions.
The price of each transaction to the time of a day is plotted in the chart below Figure 6. The red dots show the ranging market that happens most of the time of any day. The green dots represent the up trending market that moves above 25 pips. From the chart, it can be seen that most of the trending market happened during office hours 7a. Outside that time, the trend rarely happened.
On the other hand, if the trader uses an algorithm that can be dealt with ranging markets, it can be applied most of the time of the day. The trader can set the forex parameters, such as stop loss and take profit below 25 pips to gain more profit or reduce the risks.
From this figure, it can be seen that the most trending market happened at about If some of this data is selected Figure 8 , it can be seen that when the market starts to open, the possibility of the downtrend is more often than the uptrend. Adjust leverage ratio and tweak your stop and limit orders to plan a perfect trade setup. To be completely honest you do not need a trading calculator.
If you can compute all your open positions and the proper trading levels by hand then you are free to do this at any time. However, the trading calculator is a tool that can save you a significant amount of time as it calculates margins, profit and loss, swap values, and pip values instantly. The time saved by using this calculator can be put to far better use in analysing your next trade. While the trading calculator does not give you an objective measure of risk, it can calculate a number of data points that will let you know what your risk in each trade is.
Both of these pieces of information are very helpful in determining how much risk you are taking on with a specific trade. You can also calculate the value of each pip in your trade, which is critically important to know your potential profits and losses. In any open trades you have you will see the profit or loss listed, which is the real-time mark to market value of the trade.
You can close the trade at any time and this is the profit or loss you can expect. IN honesty the calculation itself is quite straightforward as it is simply the position size multiplied by the number of pips movement in the position.
So, if you want to know how much profit or loss comes from a 20 pip move you can easily do so with the forex calculator. It will even calculate the value of each pip in those pairs where the USD is not the quote currency. Still don't have an Account?
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