EURCHF Archives - FXMasterCourse

February 9, 2016 by Corvin Codirla 11 Comments

Trading Currencies using Purchasing Power Parity (PPP)

In this post I want to cover one of the factors that enters into the creation of the benchmark index outlined in my Trading Approach. This factor is called Value, and provides an underlying fundamental reason for trading various currencies. To explain value let’s assume that the water company Evian sells an identical bottle of […]

Would you like to build consistently profitable trading systems from scratch? This article series does exactly that. Here are the steps which we’ll work through:

Define the underlying principles of a successful trading approach

Determine the assets which obey these principles

Determine rule sets for trading these assets

Work out a straightforward portfolio construction method

That’s the theory. In this article-series we’ll go a step further and look at how to implemen…

Building Consistently Profitable Trading Systems – Principles of a Successful Trading Approach, Part 1

Market timing refers to the fact that by judiciously choosing entry and exit methods in a given market you can out-perform buy-and-hold. The first question of course is why you should buy-and-hold in the first place. The idea stems from the equity markets. Historically they have risen. The famous chart of course is the S&P 500 over the last 65 years:
S&P 500 since 1965
So why should this happen? Economic reasoning is behind this argument. Long term macro and micro economic gro…

Market Timing

High Frequency trading has become both the poster-boy and the scapegoat over the last couple of years in trading circles. It’s been seen as a sure-fire way of making money, as well as a sneaky way the flash-boys tax all the other participants in the market. In this article I want to cover some of the basics of High-Frequency Trading, as well as how it applies to trading from your “Living Room.” An example of such trading from your own private realm is the following P&L chart showing profits i…

High-Frequency Trading from your Living Room

It’s useful to be able to add a trailing stop to your trades. Given I never got my head around the MT4 functionality I wrote this small EA, which does the job. Place it on top of the currency chart and give in the number of pips by which it should trail your trades. You need to put it on currency charts for which you have trades. So if you have USDJPY trades put the EA on an USDJPY chart. This EA will not trail stops for trades that have a non-zero magic number. So if you have trad…

MT4 Trailing Stop Expert Advisor

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