Forex Tester - Professional Forex Training Software for Traders
Wednesday, December 19, 2007
Forex Tester is a professional software simulator of the Foreign Exchange Market. It allows you to gain and improve trading skills without risking your money. You do not need to train in real time, waiting for days and weeks to test your trading ideas and strategies, Forex Tester will pack this time in hours and minutes.
This is an excellent forex training tool that will help you to:
Study trading on the FOREX market in a fast and convenient way.
Develop and test your own trading strategies without being a programmer.
Test your trading strategies on years of historical data.
Save your money and time.
The program has extended drawing tools that allow you to test trading strategies based on technical analysis. It provides some of the most popular technical studies such as: Fibonacci Retracement, Fibonacci Fan, Fibonacci Arcs, Andrews' Pitchfork and others.
Also, we added some of the most popular indicators and oscillators to Forex Tester and continue to increase their number.
For the advanced users and programmers we designed open interfaces with detalied documentation to help you create your own indicators and strategies. Thus, if you have your own ideas, you can implement them using Forex Tester API and significantly expand the program functionality.
ForexTester has an open interface to create and add your own custom indicators. Although this feature is suitable to advanced users knowing programming languages, many peoples will find it useful. If someone creates indicator, others can add it to their programs. But for developing robust forex trading strategy or even forex trading system you may need only basic technical studies.
Just at this time there are more than 30 popular indicators included in the program (see also Drawing Tools):
AC (Accelerator Oscillator, B.Williams)
AMA (Adaptive Moving Average)
ADX (Average Directional Movement Index)
Alligator (B.Williams)
ATR (Average True Range)
Awesome Oscillator (B. Williams)
Bears Power
Bollinger Bands
Bulls Power
CCI (Commodity Channel Index)
Envelopes
FATL
Fractals (B. Williams)
FTLM-STLM
Ichimoku Kinko Hyo
Keltner Channel (original)
Linear Regression Channel
MACD (Moving Average Convergence Divergence)
MA Crossover Signals
Momentum
Moving Average (Simple, Exponential, Weighted, Smoothed) with shift option
OBV (On Balance Volume)
PCCI
PFE (Polarized Fractal Efficiency)
Pivot Points
Price Channel
Price Daily Range
Range Expansion Index
ROC (Rate of Change)
RSI (Relative Strength Index)
Stochastic Oscillator
Ultimate Oscillator
W%R (Williams' Percent Range)
System Requirements:
OS - Windows 2000, Windows 2003, Windows XP.
Processor - min. 600 MHz Pentium III (or compatible); recommended - 1500 MHz and higher.
Memory - min. 128 MB RAM, recommended - 512 MB RAM and higher.
Disk space: 1-5 GBytes available, depending on the history data volume you would like to work with. (note, that program itself requires only 5 MB to be installed).
Thats important for us to know the market situation. Which one is trending or ranging. So.. We should know, bbands_stops indicator not just for entries function only..but.. if u seing deeply about this indicator,its same likes standard bollinger bands..I think, probably all trader had known about this basic indicator, i mean how this indicator ( bollinger bands ) can indentified situation of the market.(apadaa aku merepek) Below is briefly illustration of this BBANDS STOPS.
FLAT TREND WITH MACD
This indicator based on MACD. The function of this indicator for ISAKASv2 will helps us to recognise situation of the market trend and will be a part of confirmation entries for ISAKASv2 ( BLUE - UPTRENDRED - DOWNTREND GOLD - FLATTREND )
ISAKASv2 REBIRTH
SUGGESTION SESSION - EUROPEAN MARKET UNTIL US MARKET CLOSE
BUY - BBands BLUE, ASHI BLUE and STAR BLUE, FLAT TREND BLUE SELL - BBands RED, ASHI RED and STAR RED, FLAT TREND RED
BRIEFLY ABOUT ENTRIES
The first bbands dot actually turn up follow the movement of the price.. SO.. its quite difficult to make the decision when or which one is the best time for entries. For me actually, the best and safest is looking for the entry 5-10 minutes before the next candle ( TF 30 ) turn up.. OR just making an order after the next candle turn up..
TAKE PROFIT & STOP LOSS
TP MIN -10 - 15 PIPS RECOMMENDED SL - 35 - 50
OR
SET TP AND SL REFERS TOFIBO_PIVOT2 LINES
EXAMPLES - BUY SIGNAL IS ON RESISTANCE 1 LINES, SET UR TP AT PIVOT LINES AND STOPLOSS AT RESISTANCE 2
( FIBO_PIVOT LINES IS JUST PROFIT TAKING LEVEL IN ISAKASv2 METHOD)
BRIEFLY ABOUT EXIT TARGET
Maximum pips...All trader hopes to rides until the finishing lines..Its quite hard and risky..U can used ur own indicator and strategies for exit target ( HMA, NON LAGMA,PSAR, TRAILING, ) Also u can double ur position order.
STOP LOSS - refers to the last low and high peak lines.
TAKE PROFIT - better takes profit below 15pips, then buy or sell it again until charts show the stop peak lines.
LEVEL 1 ENTRY ( STANDARD )
1) EMA 4 cross BELOW EMA 24, HISTO RED, ASHI RED, at HIGH PEAK - SHORT 2) EMA 4 cross ABOVE EMA 24, HISTO GREEN, ASHI GREEN, at LOW PEAK - LONG
LEVEL 2 ENTRY ( RISKIER ) NOT USE EMA CROSS
1) HISTO RED, ASHI RED, AT HIGH PEAK LINES - SHORT 2) HISTO GREEN, ASHI GREEN, AT LOW PEAK LINES - LONG 3) ALSO REFER TO EMA 60 LINES.. ABOVE - BUY AREA & BELOW - SELL AREA
FOLLOW THE LEVEL ENTRY - FOCUS - DONT GREEDY
TRY FOR VIRTUAL... IF SUITABLE AND FIXED FOR YOU, ROCK ON LIVE!
THANKS TO FXCRUISER - i learned a lots of Heiken Ashi from HAMAPAD.
Hi Traders…. I had started to play and seacrhing something interesting method or system for the larger timeframe especially the simple and easily to used.. Then, with my little knowledge about the CANDLESTICK and passions about this JAPANESE tools, i started to find the candlestick indicator ( thanks to Jason robinson ) which then will made us easily to recognize about the type of the candlestick pattern and modified thats becomes more interesting to understand 2 month exploring and searching, 2 Weeks ago just have started for practicing trading. 2 weeks going live with combination entries of ISAKAS ASHI ( AWESOME RESULT ). Meet the famous type of JUJI, TOHBA, TSUTSUMI, KARAKASA, KABUSE, KIRIKUMI and many more famous great names...
Hm...lets get started... First, this method mainly for Tf4hours and Daily timeframe. Based on candlestick formation ( reversal pattern )auto channel and pivot support resistance. For additional indicator, trader also can using RSI or STocH for identifying the strength of reversal Candlestick formation.
TIMEFRAME
4HOURS AND DAILY
INDICATOR
PATTERN RECOGNITION PIVOT POINT SHI CHANNEL STOCH ( 5,3,3 )
PRIMARY ENTRY - ONLY IF THE PATTERN NAMES SHOW UP UPPER OR LOWER OF THE CANDLESTICK
BUY SET PENDING ORDER ( BUY STOP ) AT THE HIGH PRICE OF THE PREVIOUSLY CANDLESTICK AND IF THERE IS NO UPPER SHADOW APPEARS, SET ORDERS ON R0.5 OR R1 PIVOT LINES. ( DEPENDS ON RANGE )
SELL SET PENDING ORDER ( SELL STOP ) AT THE LOW PRICE OF THE PREVIOUSLY CANDLESTICK AND IF THERE IS NO LOWER SHADOW APPEARS, SET ORDERS ON S0.5 OR S1 PIVOT LINES. ( DEPENDS ON RANGE )
IF THE PREVIOUS CANDLE TOO HIGH OR LOW ( MEANS TOO LONG SHADOW OCCURED AND JUST SHOWED A SMALL BODY ) JUST REFERS TO THE PIVOT LINES.
IF THE DAILY TIMEFRAME NOT SEEM TO SHOWED ANY PATTERN, CHANGED THAT TO 4HOURS TIMEFRAME.
TAKE PROFIT OR EXIT TARGET
MINIMUM - 15- 30 PIPS MAXIMUM – 30 or the last line of pivot point lines ( S3 or R3 )
STOP LOSS
MOST RECOMMENDED UPPER 40 PIPS OR DEPENDS ON YOU.
STOCH AND SHI_CHANNEL
Stoch mostly used for identify oversold and overbought condition technically. If the value of stoch ^ 80 and at the same times, candlestick reversal patterns appears, it’s a good condition and TOP potential of strength for the price directly changed the trend.
Breakout the range ( Upper and Lower line) of this auto channel means the real trend is changing to other direction. This channel line also can be the support & resistance. See the candlestick pattern with confirmation of Stoch to see the strength of reversal or the strength the price will continued the trend. If the price brokes the upper or lower line, it’s a good sign to hold ur postion for a good value of PIPS
SHOOTING STAR & INVERTED HAMMER HANGING MAN & HAMMER
Four of them also can be called as GOHAN & RAISU means the shapes or patterns of the candlestick is still the same but happened on different situation. Whether reversal on the uptrend or downtrend movement..
There is a lots more type of candlestick pattern, baby swallow, kicking, tasuki and others continous pattern.. Its need more space on the chart ...but..lets started with this candlestick formation first, for begans our introducing of this method. Lets improved this method together. Sharing ur idea and strategy here..
IF ARROWS OR NAMES OF THE CANDLESTICK PATTERN IS GONE OR SCATTERED, PLEASE RESTART UR META CHART.
USING THIS COMBINATION WITH ISAKAS ASHI
Lets said, GU Daily OR TF4hour CANDLESTICK SHOWING BEARISH HARAMI formation. Then.just find for the best ent ry on TF 15 and set ur target. Ur are going with the trend..Lets set the larger TP ( exit target ).. Lets said 2 level of pivot lines ( price now on r1 .. Target r3 ) or just set 30 pips..
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