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Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
RoboForex adds 17 new methods for depositing funds



Dear Clients and Partners,

For the convenience of our clients from Latin America, we’ve expanded the list of payment systems by adding 17 new ways of depositing funds to their trading accounts.

New payments systems for depositing are available in the following countries:

  • Argentina: Pago Fácil and Rapipago.
  • Columbia: Almancense Éxito, Carulla, Davivienda, Edeq (Empresa de Energia del Quindio), efecty, and Surtimax.
  • Mexico: Banorte, BBVA Bancomer, OXXO, Santander Bank, and SPEI.
  • Peru: PagoEfectivo and Western Union.
  • Uruguay: Redpagos.
  • Chile: Servipag.
These payments systems are already available in your Members Area and will allow our clients to transfer funds from 10 USD, which is very convenient for traders with cent and standard accounts. More detailed information about available payment systems can be found in the “Deposit & Withdrawal methods” section of our website.

We’d like to remind you that all RoboForex clients can receive " " and " " when depositing funds to their accounts.



Sincerely,
RoboForex team
 
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Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
How to Trade Overbought and Oversold Areas?

Author: Victor Gryazin



Dear Traders,

In this review, we will discuss trading overbought and oversold areas. A trader may use special indicators that analyze the dynamics of price changes and show the overbought and oversold areas.

What are overbought and oversold areas?

The notions "overbought" and "oversold areas" in financial markets indicate short-term fluctuations of the instrument values from the average. These terms say that the price has gone quite far in a certain direction. An overbought state of the market means that the price of a financial instrument has gone too high, while the oversold state means it is too low.

An overbought state is a significant increase in the price (in percent) in a short time or a lengthy series of several days in an uptrend. For example, oil price may become overbought if it leaps by 10-15% during two or three days or demonstrates pullback-free growth for several days.

As a result of being overbought, the price forms new local highs on the chart. After the bulls have pushed the price rather high, making the asset overbought, a correction downwards may follow at any moment.

When an instrument is oversold, local lows form on the chart. This means the bears have pushed the rate rather low, and an upward correction may start at any moment. Specially designed trading indicators may help the trader catch the overbought or oversold state of some asset. For this, an indicator has its window split in two areas: the overbought and oversold areas. Getting into those zones, indicators characterize the current financial situation of the instrument (whether it is overbought or oversold) and give certain trading signals.

Popular indicators for trading in the overbought and oversold areas

Stochastic Oscillator

The creator and greatest fan of this indicator is a popular stock trader George Lane. The Stochastic is an oscillator that demonstrates the current position of the price in % of the previous price range. The Stochastic evaluates the ability of the bulls and bears to close the price at the achieved extremes.

The Stochastic Oscillator is drawn in a separate window under the price chart and consists of two main lines: %K, the fast line, and %D, the slow line. The indicator values vary from 0 to 100%; through the levels of 20 and 80%, signal lines are drawn, singling out the oversold (0-20%) and overbought (80-100%) areas.



Oversold and overbought areas - Stochastic Oscillator

Relative Strength Index (RSI)

This index pertains to the group of oscillators. It was created and propelled by J. Welles Wilder. The RSI assesses the position and dynamics of the current price related to the preceding period. The RSI is calculated in a separate window under the price chart.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Providec Trading System: Simple Strategy for Beginners

Author: Timofey Zuev



Dear Traders,

The Providec trading strategy is one of the simplest Forex strategies that I have ever seen: just two indicators than never close the price chart. The trading strategy suits any currency pair or any other instrument featured by the MetaTrader 4 or MetaTrader 5 terminal, be it futures, stocks, of CFDs. The timeframe may vary from M1 to MN.

If the timeframe is shorter than H1, open orders in the European or American sessions only. As soon as the American session is over, close all trades regardless of their results. Conversely, if you trade on H1 or higher, you may leave trades in the market for as long as you wish.

The Providec strategy desktop



Providec strategy

Description of the desktop:

  1. The Providec indicator that gives direct signals to buy or to sell by the strategy.
  2. The ProvidecTrend indicator that filters the signals of Providec.

A signal to buy by the Providec system

A signal to buy needs several conditions to be met:

  1. The Providec indicator must show a green arrow aimed upwards.
  2. The ProvidecTrend indicator must be green.
  3. The green arrow of Providec must be the first green line to emerge after ProvidecTrend changed from red to green.

An example of a signal to buy by the Providec system



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
How to Trade Nikkei 225 Index

Author: Andrey Goilov



Dear Traders,

Nikkei 225 is one of the most important stock indices reflecting the state of the Japanese economy and overall business activity in the country. It is considered one of the oldest indices in Asia. The stock index includes 225 stocks of companies trading directly in the Japanese market. The most famous of them are Sony Corporation, Canon Inc, Nissan Motor Company, and Honda Motor Company.

Curiously enough, the index was named after an economic newspaper that used to calculate the instrument. It was first published as long ago as 1950 and was calculated as the arithmetical mean of the companies’ securities. A company’s weight in the index is calculated based not on the general market capitalization but directly on the stock price. The set of companies in the index is revised every September; in October, changes are accepted.

By the way, RoboForex has just made Nikkei 225 available for trading. Moreover, the company has made trading various indices easier and more attractive by decreasing the minimal lot and step. Average spreads remain among the smallest; for example, an average spread for the De30Cash index is just 0.5 euro per contract.

Tech analysis of Nikkei 225



Nikkei 225 differs from other stock indices, such as NASDAQ, Dow Jones, or S&P 500. If other indices are capable of mighty bullish trades and quick restoration after falls, Nikkei 225 had stuck in a wide flat since the beginning of 2017. Only this year, the quotations have dropped below the lower border of the range, almost reaching the level of 2016.

However, the price returned into the channel quite soon, and the quotations are now getting ready for testing an important resistance level at 24200; a breakaway of this level will mean a perspective of further growth.

As for an important support level, it is at 20000. As you may see, upon testing this level upwards, the price tested the support level three times and demonstrated a good bounce upwards.

On the whole, the instrument is quite technical: many levels and patterns work off quite well. Even now, we can single out an inverted Head and Shoulders pattern forming. Inside the pattern, we may expect a decline and test of 20005, where the right shoulder of the pattern will be complete.



Tech analysis of Nikkei 225

As a rule, most traders who use graphic patterns for trading, buy at the right shoulder. The general goal of the growth is 30985. The growth will not happen if 16255 is broken away – this will cancel the pattern and potentially indicate a further decline.

A simple strategy for trading Nikkei 225

Not all traders enjoy using classical tech analysis for trading because it requires constant thinking and drawing different levels and patterns. A significant disadvantage of the analysis is it being subjective: some will think a pattern not regular enough, others will see a Triangle instead of, say, a reversal pattern. Let us have a look at a trading strategy for trading Nikkei 225 that is not subjective.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
False Signals in Forex: How to Detect and Avoid Them?

Author: Maks Artemov



Dear Traders,

Having opened a position, many traders ponder at the question: “Why did it close with a loss if I seemed to do everything right? Almost all signals by the strategy were there but in the end, the price went in the opposite direction”. The keyword in the question is “almost”. Sometimes the market makes movements that you cannot forecast or calculate, in which case indicators turn out virtually useless. What was the point? What went wrong? The answer is simple: the trading strategy gave a false signal, and the trade turned out losing.

Let us try to make it clear why such things happen and why false signals appear.

Why do false signals emerge?

The news

News is, perhaps, the most frequent reason for false signals. As you know, the market accounts for everything, and before some news is officially published, the quotations react and start moving in a certain direction. Normally, if some preliminary results turn out better than expected (such as the GDP reports), the quotations will grow. However, practice shows that the quotations start growing before the publication of the news itself, and at the renewal of the data, the market makes an abrupt reversal and starts a steep decline.

At this moment, Stop Losses trigger at the positions opened beforehand, and impatient market participants worsen the situation, craving for a swift and large profit. Several minutes after the publication of the news, the market calms down, and the price starts going in the correct direction.



False signals - The news

Errors in the calculations of indicators

Another reason for the appearance of false signals is errors in the indicator calculations. Many traders tend to forget that after abrupt market movements the data they receive is heavily distorted, and their indicators make mistakes. Impatient traders decide that this is an entry signal and get a losing position.



False signals - Indicator errors

False breakaways of levels

In tech analysis, the most widespread false signals are false breakaways of levels. There are two options of trading support and resistance levels: to trade bounces off them or their breakaways. Here is where market players get mistaken.

Let us imagine trading bounces off the resistance level. The price reached the level, and the trade decided to open a selling trade. They placed the SL behind the level (in a safe zone) but the price broke the level away and close the trade by the SL.

What do impatient traders do in such cases?



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Cryptocurrency Prospects in the Second Half of the Year: No Hope for Miracles

Author: Anna Rostova



Dear Traders,

The first half of this abnormal year 2020 was hard for the crypto market as well. The coronavirus itself can do nothing to digital money because they do not exist in reality but emotions influence crypto trading no less than the fiat market. In January-June this year, the sum withdrawn from the crypto market amounted to almost 2 billion USD – this is almost 200% more than during the same period last year. As we see, cryptocurrency prospects to become a safe-haven asset have failed but what if they have other advantages?

The stock market slump in March that happened due to the global quarantine did not bring the digital quotations down. After the BTC and altcoin rates fell to the low, buyers returned to the crypto market. Now the latter is aiming at long-term goals because it is clear that world economies will not restore at a split second – this means that we need to look for opportunities to make money or at least stay afloat in some other universe. In the second half of the year, we see some prospects for cryptocurrencies as the market may offer something.

ETH: the 2.0 version must be a bomb



For the last several months, the crypto world has been waiting for an important event for the cryptocurrency market prospects, which is the launch of the 2.0 version of the Ethereum network by the Ethereum Foundation. This is the most important and promising foothold for the ETH that it has not yet fully used. The company remains silent about the date of full-scale tests but promises the start just one of these days. Today, the developers suggest that the users should find weak spots in a very limited version of the network – hack the blockchain, damage blocks, etc., i.e. find as many vulnerable spots as possible. For finding them, the company offers a reward of 5000 USD.

This means that testing is on but not on a full scale. Hence, the Ethereum 2.0 is still under development.

The test version of the network may easily be launched this summer, and if the expectations are met the future of the Ethereum will be bright.

The point is expectations. Ethereum 2.0 is expected to solve the scalability problem. Why is it important? Solving the problem will decrease the calculation chain by several links and thus speeds up the process. The speed of calculations has always the key to victory. The quicker one wins the race. Currently, the average speed of the Ethereum network is 15 transactions a second but if the scalability problem is solved, it may reach 1000 transactions a second. None of the large crypto companies has solved it yet but Ethereum has promised an optimal solution many times.

BTC: needs China to be ok



The probability of a new wave of the coronavirus does not scare crypto investors as much as possible consequences. Long-term investors are focusing their attention on Asia, and the reason is simple: China concentrates a large number of mining farms and plants producing equipment for mining. The share of Chinese miners in miners’ community is still very large. Risk of a new virus – or a new version of an old one – may lead to the closing of mining farms in China. The good news is that such enterprises work quite autonomously, which means they need really grave reasons to close, and there is no such news now.

Apart from bright speculative factors that are mostly theoretical, the market has no other reasons for the BTC to grow.

Every other day we hear the news about either hacking wallets or huge transactions. Nonetheless, this is not what could push the leading cryptocurrency in this or that direction.

What could become a catalyst to drive cryptocurrency prospects? Say, the decision of the SEC about the status of the cryptocurrency – whether it is a currency or an asset. Then the main US banks would include the BTC in the list of currencies available for transactions. As you know, the closer digital money is to real life, the better because more potential users will have access to cryptocurrencies.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Double & Triple Top, Double & Triple Bottom Patterns: How to Use in Forex?

Author: Maks Artemov



Dear Traders,

Today, we will discuss popular and rather widespread patterns of graphic analysis Double Top, Triple Top and its opposite – Double Bottom, Triple Bottom.

As we can deduct from the name, these patterns form either at the top or bottom of a trend. Meanwhile, data shows that they can be encountered on all timeframes and chart types (Japanese candlesticks, bars, linear charts). The only difference timeframe-wise is the time that it takes the pattern to form and the time it takes the signal to work off.

These patterns belong to the reversal category – this means that the work-off of the signal normally leads to the reversal of the current trend or, at least, to a deep correction of the price.

Now let us discuss these technical analysis patterns more scrupulously and learn to use them in trading.

Formation rules of the Double & Triple Tops, Double & Triple Bottom patterns

Let us get started with the formation principles of the patterns.

Double Top

A Double Top usually forms at the peak of an uptrend. The larger the timeframe, the more reliable the pattern (this is relevant for all patterns discussed in this article). At the same time, the signal can work off on any timeframe, including M1, M5, etc.

A Double Top pattern looks like two highs formed one after the other. Theoretically, buyers drive the price to the high, and then a part of them starts to lock their positions, thus decreasing the quotations. At this moment, some latecomers cut in, lifting the price to the same high.

The two peaks do not need to be equal, point to point, but they need to look like two mountain tops. Then the first buyers start taking profits, the price starts declining, and the second wave has nothing to do but to close positions with a loss or a minimal profit.

As a result, the quotations drop, and the actual trend changes direction. The support level in this case is the low formed between the two bottoms. This is the starting point for trading and calculating the potential of the trade. We will talk about entry points a bit later.



Double Top chart pattern

Triple Top

A Triple Top is a slightly modified Double Top. In practice, it forms the following way: after the first two tops form, another group of buyers enters the market hoping for further growth of the price. Indeed, at that moment the quotations do rise to a high and even may renew the previous highs, but this is it.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Trader's Psychology: How to Conquer Fear?

Author: Timofey Zuev



Dear Traders,

Psychology is an important part of a trader's success in the Forex market. Control over emotions (anxiety and trader's fear) is an intrinsic part of any trading strategy.

Why is the trader's psychology important?



The thing is that the trading in Forex implies dealing with money and facing high risks of losses. In modern life, a person spends most of their time earning money for satisfying their material and non-material needs. When you work in a certain structure for a wage and do not worry that you will not get paid at all if you make a mistake; however, in Forex, it is quite different:

  • Firstly, to start trading, you need to open a deposit, i.e. deposit your money on your account.
  • Secondly, each open trade is a risk of losing a part of the deposit.
  • Thirdly, if trading goes offhand, the trader will not only make no profit but lose; in other words, they will not only get a “wage” but will remain without the means of receiving this “wage” in the future.
Thus, the trader’s attitude to money is extremely emotional due both to the risk of losing it and the perspective of making it. Excessive emotions in trading entail both losses and a profit lower than expected.

To become an expert in some sphere, you need to carry out certain duties without useless emotions. When you come to work, you leave your family affairs at home; moreover, you do not worry about each of your operations, you just carry on with what you are to do. Your attitude to trading in Forex must be the same: your trading must be a monotonous sequence of tasks completed. All you need is to disengage yourself from the money and concentrate on carrying out a high-quality trade.

The influence of emotions on the trader’s

Let us discuss the main emotions that a trader may feel at work and must control firmly. As they say, you should know the face of your enemy.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Goal Setting in Trading: How to Set Process Goals?

Author: Timofey Zuev



Dear Traders,

Let us talk about such a thing as goal-setting in trading. Today, everyone advises you to place goals and even visualize them to let out the powers of your subconscious. Well, your subconscious is a much more complicated mechanism than described in popular psychology books, so we will leave those recommendations out and turn to practical experience.

There are two types of goals in trading – financial and process. A financial goal motivates a trader by a potential profit, while a process goal – by scrupulously completing the trading plan.

Life shows that there is only one group of traders that can afford to place financial goals – they are experts. For all other traders, process goals will be much more efficient.

In fact, for experts, following the financial plan is also the number one goal but financial motives may push them further forward and increase working efficiency. The complicated part of trading is that money is both the measure of the result and a reward for it. This is different from, for example, sports where a sportsperson gains points but also gets a reward that depends on the point quite indirectly.

All in all, as long as in trading, the process and result are intertwined, the trader needs to separate the process from anything else and focus on it. This is not that simple, of course, because the completion of the plan depends on the ability to perform repeated actions calmly, even if they lead to a series of losing trades.

Process approach to goal-setting in trading



In a lecture, Alexander Elder spoke about his friend who had used to be a losing trader but some time later became one of the most successful managers. When asked about his secret, the man explained that he succeeded after he imagined that he had a boss living in the Bahamas who paid him for completing trades by a certain plan, not for the sums he earned. He imagined that even he made money at the expense of violating the plan, his boss would not pay him; conversely, if he lost money following the plan, the boss would pay.

This logic is a perfect representation of the process approach to trading. When I am asked: “What profit characterizes an expert in trading?”, I reply that profits do not characterize a trader at all. In the short term, a profit may demonstrate a random coincidence of the trader’s action and the market state; also, keep in mind that the trader’s task is not to make money in the short term but to survive in the market and keep earning in the medium/long term. This is a sign of a successful method/system and compliance with it; this should be called professional trading.

How to set process goals in trading?

A goal “to trade as well as I can” is not a goal at all, it is formulated non-specifically, and we know that non-specific goals are very hard to reach. A process goal must deal with specific skills that you would like to develop and specific habits that you would like to change.

To find out what exactly you lack or what hinders your work, try logging your trading, writing down your results, and commenting on your decisions. A bit later you will see what needs correcting.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Murrey math lines: how to set and trade them

Author: Andrey Goilov



Dear Traders,

The Murrey math lines indicator adds horizontal support and resistance lines on a price chart, which, as the author believes, are able to hint at reversals. These lines also provide traders with an understanding of the current market tendency and allows them to see whether there is a potential for a trend reversal.



Murrey math lines indicator - NZD/USD

There is an opinion that a trading system based on horizontal Murrey line can provide excellent signals on any type of markets – currency, stock, and even crypto. According to Murrey himself, large investors will behave in the same way in all kinds of markets. Moreover, they can work with the lines on different timeframes, which is an excellent opportunity to follow their capital management rules regardless of the deposit amount.

What is the gist of Murrey math lines?

Murrey math lines are based on the approach and observations that were made by William Gann, who was famous for his perfect forecasts with the use of different kinds of market symmetry, and one of the most famous technical analysis tools is called Gann Angles. The author himself had significantly adjusted the system and made it easier and clearer for ordinary investors.

In Murrey’s opinion, markets will start corrections at some particular price levels, breakouts of and returns to which may provide traders good signals for opening positions. Regardless of the current market trend, the price must either rebound from the level or break the key level, which will point at a boost of the actual trend.

Murrey emphasized 8 price levels, marked from [0/8] to [8/8], with [0/8], [4/8], and [8/8] being the most important.



Murrey math lines indicator - 8 price levels

Parameters and setting of Murrey math lines indicator

At present, most indicators based on this trading strategy set lines automatically and can show not only lines themselves but, in other words, also display scenarios of possible behaviors of traders at the time the price tests these lines. After adding the indicator to a price chart, we will see 9 lines with [4/8] in the center. As a rule, a classic indicator for MetaTrader 4 and MetaTrader 5 trading terminals has only two parameters:



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
RoboForex: important information regarding Apple and Tesla stock splits on August 31st, 2020



Dear Clients and Partners,

On August 31st, 2020, Apple (AAPL) and Tesla (TSLA) will have their stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a specific multiplier and reduces the value of each share by that multiplier.

Apple will have a 4-for-1 stock split (1 share will be split into 4), while Tesla – 5-for-1 (1 share will be split into 5).

How it will influence positions and orders?

If you have open positions in Apple and Tesla shares or plan to open such positions, please pay attention to the following changes, which will be effective as of August 31st, 2020:

MetaTrader 4 / MetaTrader 5 accounts

The split procedure will take place during the weekend, August 29th and 30th.

  • All pending orders (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss, and Take Profit) in AAPL and TSLA will be canceled.
  • For positions in AAPL, the opening price will be divided by 4.
  • For positions in TSLA, the opening price will be divided by 5.
  • The volume of each open position in AAPL will be multiplied by 4.
  • The volume of each open position in TSLA will be multiplied by 5.
Please note that if you are using an Expert Advisor (EA), we suggest that you check with its developers whether its code needs any modifications to ensure correct interpretation of the price data after the stock split.

R Trader accounts

The split procedure will take place on August 31st at 3:00 PM server time.

  • During the split procedure, all active pending order (Buy Limit, Sell Limit, Stop Loss, and Take Profit) in AAPL, AAPL.nq, TSLA, and TSLA.nq will be canceled.
  • For positions in AAPL and AAPL.nq opened before 3:00 PM server time, the opening price will be divided by 4.
  • For positions in TSLA and TSLA.nq opened before 3:00 PM server time, the opening price will be divided by 5.
  • The volume of all open positions in AAPL and AAPL.nq will be multiplied by 4.
  • The volume of all open positions in TSLA and TSLA.nq will be multiplied by 5.
  • All positions in any of these instruments in the same direction and on the same account will be combined into one new position. This new position will have the opening price and a volume based on an average weighted price of all positions held before the split.
The historical charts in your trading terminal will be updated to reflect the new prices of the above-mentioned instruments.

All other aspects of trading conditions shall remain intact. Please, take into account this information when planning your trading activity.

Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
RoboForex: changes in trading schedule (Late Summer Bank Holiday in the United Kingdom)



Dear Clients and Partners,

We’re informing you that due to the public holiday in the United Kingdom (Late Summer Bank Holiday) on August 31st 2020, several instruments will be traded according to the changed schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Russian GDRs
  • August 31st, 2020 - no trading.
  • September 1st, 2020 - trading starts as usual.

R Trader platform

Trading schedule on CFDs on UK stocks
  • August 31st, 2020 - no trading.
  • September 1st, 2020 - trading starts as usual.
Trading schedule on CFDs on UK100 index
  • August 31st, 2020 - no trading.
  • September 1st, 2020 - trading starts as usual.
Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed by the provider.

Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
What Psychological Traps Do Beginner Traders Face? What Stands in Their Way to Success?

Author: Timofey Zuev



Dear Traders,

Let us get started with the simplest questions: how did you find yourself in Forex? What was the reason for you to get interested in such a thing? One of the most popular ways of attracting an untutored searcher of new money sources must be to promise them a quick and easy-to-make profit. Indeed, the Internet is full of ads assuring you that making money in Forex is nice and easy; however, it is not.

Of course, one has to get up really early in the morning to fool such serious-minded and clear-headed people like us: we know that there are no free lunches. However, the more you try to ignore the ads, the more curious you become: how do people make money in Forex? This is the starting point where a beginner makes their first step from simple to complicated techniques, from mere curiosity to engrossing passion. Today, the amount of free information about trading and earning is virtually unlimited: read, study, and try. Imagine how delighted you will be to make your first profit on a demo account!

With your cheeks flaming, you start calculating what profit you could have made on a real account, and how much it would amount to monthly or annually. You make a wide gesture and deposit your money on a real account. Alas, after your first success or even without it you lose your money. It damps your ardor but you realize that there must be a reason for your losses and recall seeing an ad somewhere promising to teach you how to trade in a fortnight. You rush there.

A new step in your studies begins: you learn about indicators, patterns, trends, support and resistance, trading systems, money management, psychology, and other useful things and novelties. Simultaneously, your teachers tell you that in fact, things are simple. Indeed, you succeed again: your demo account is growing, and what you have learned really works. No need to repeat that you deposit your money on a real account – and return to where you got started…

Why do beginners drain their deposits?



There are several answers to the question.

Reason one

Your learning is just a part of your way, the necessary minimum that you need to start making money. The market moves either up or down (for now, we will neglect the times of consolidation). Hence, the first half of beginners will end up with a profit while the second half – with a loss. This first half will immediately open a real account and lose the deposit. Meanwhile, the second half will go on learning, being sure that their effort was not enough – however, they will also open a real account later, explaining their previous losses by a lack of knowledge and experience.

Reason two

All learning, especially in a dealing center, is a kind of hypnosis. As soon as you read something, you immediately start looking for confirmation of the information on charts – and, curiously, you find them. On the other hand, your teachers leave out the cases when you could suffer losses in the same circumstances. When a beginner opens the terminal and tries trading in accordance with the information studied, one of the two things happen: they either make a profit and fill with enthusiasm – or suffer a loss and start thinking something like: “My gosh, I should not have entered here!” or “On the longer timeframe it was okay but on the smaller one I entered counter the trend!” or “I did it right except for the Stop Loss, it was too short!” or “Why on earth did I wait? I should have closed it with a profit!” or something else of the kind. There might be thousands of explanations, however, not many will admit that the strategy was erratic from the start.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
RoboForex: changes in trading schedule (Labor Day in the USA)



Dear Clients and Partners,

We’re informing you that due to the Labor Day in the USA, there will be some changes in the trading schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (WTI, Brent)
  • September 7th, 2020 - trading stops at 7:45 PM server time.
  • September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US500Cash, US30Cash, USTechCash) and Japanese index JP225Cash
  • September 7th, 2020 - trading stops at 7:45 PM server time.
  • September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks
  • September 7th, 2020 - no trading.
  • September 8th, 2020 - trading starts as usual.

R Trader platform

Trading schedule on US stocks and ETFs
  • September 7th, 2020 - no trading.
  • September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks and ETFs
  • September 7th, 2020 - no trading.
  • September 8th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US500, US30, NAS100)
  • September 7th, 2020 - no trading.
  • September 8th, 2020 - trading starts as usual.
Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (BRENT.oil, WTI.oil)
  • September 7th, 2020 - trading stops at 7:45 PM server time.
  • September 8th, 2020 - trading starts as usual.

cTrader platform

Trading schedule on Metals (XAUUSD, XAGUSD)
  • September 7th, 2020 - trading stops at 7:45 PM server time.
  • September 8th, 2020 - trading starts as usual.
Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed by the provider.

Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Trading by Midnight Strategy: Describing on Examples

Author: Andrey Goilov



Dear Traders,

First and foremost, I would mention that many traders mix up the Midnight and Insomnia strategies. These are two different trading methods. In Insomnia, we trade on H1; however, in case of Midnight trading strategy, we work on daily charts.

By Midnight, you enter the market about midnight, at the beginning of a new trading day – this peculiarity gave the trading strategy its name. The trader does not need much time for chart analysis because they work on D1 where changes are scarce.



The method is based on the fact that you cannot find two subsequent candlesticks that would be identical: each one is either higher or lower than the previous one. Thanks to the timeframe being large, we eliminate price noises that is abundant on hourly timeframes. Note that in lengthy flats and reversals the system might give false signals. Traders recommend to skip such situations and remain out of the market.

What do you need to trade by Midnight?

The strategy requires volatile instruments. Normally, investors choose GBP/USD but you may try other instruments. As you remember, you can select a currency pair for any strategy and adapt the latter to your preferences.

Trade on daily charts only, never use the strategy on hourly timeframes. The main reason is the lack of unwanted price movements: the smaller the timeframe, the more noises you will have to analyze before making up your mind. The larger the timeframe, the more efficient is each signal – just note that many authors teaching tech analysis use only daily or larger timeframes in their books.

You do not need any additional indicators, we will only be using the price chart. Many traders state that it is the price chart that reflects the real market situation while indicators are just following the price and cannot give high-quality signals because they lag a lot.

How to open a trade by the Midnight strategy?

At midnight sharp, as soon as the candlestick of a new trading day forms, evaluate the size of the previous candlestick. If it is smaller than 90 points, the shadow included, avoid opening a trade. This is the recommendation for GBP/USD; hence, the height of the candlestick for EUR/USD may be smaller. Authors recommend to change this parameter after studying the behavior of your pair for some time.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
RoboForex offers sponsored VPS on MT5 accounts



Dear Clients and Partners,

RoboForex is launching a program of Sponsored VPS for those of you who have MetaTrader 5 accounts. Starting September 1st through December 31st, feel free to use a VPS server MetaQuotes, integrated in the platform, at the company’s expense. Normal fee is 15 USD a month.

Why MetaQuotes VPS?

MT5-integrated
Orders and settings of MetaQuotes come directly from your trading terminal by several clicks. After you set up the VPS, all the expert advisors in your terminal will start working incessantly. You have no need to reinstall the terminal, set up the expert advisors and, more importantly, stop their work.

24/7 work
You will not need to worry about unexpected power cuts or Internet connection failures. Your subscribes and robots will work 24/7, even if you shut down MetaTrader 5 on your PC.

Network lagging minimized
MetaQuotes VPS is selected for you based on the proximity to the main server at the minimal ping; hence, network lagging in sending orders decreases.

To take part in the program, you need to comply with one of the following requirements:
  • Deposit 500 USD (or its equivalent in another currency) to your account at once.
  • Have a balance of no less than 500 USD at 00:00 server time on the first day of a new month.
After you fulfill the requirements correctly, you will receive a confirmation e-mail with further instructions.

For more detail, see .


Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Trading with the Donchian Channel Indicator

Author: Victor Gryazin



Dear Traders,

In this review, we will get acquainted with a quite simple and useful indicator called Donchian Channel. This is the indicator that the famous Turtle trend strategy is based on.

How does the Donchian Channel work?

The Donchian Channel is quite a simple channel indicator reflecting the borders of price fluctuation in a preset time interval. The indicator was named after its creator, a famous exchange trader of Armenian origin Richard Donchian.

The indicator looks like a price channel with an upper and lower borders, inside which the quotation fluctuate. To draw a border, the Donchian Channel calculates the latest extremes, taking the highest high and the lowest low of the period.

The indicator acquired popularity after a trend strategy called Turtle Trading System was based on it. This famous strategy by Richard Dennis uses a breakaway of the Donchian Channel’s border with the period of 20 days as the entry point. A group of beginner traders demonstrated good results following this strategy.

In essence, the Donchian Channel may be called an indicator of volatility because it is based on calculating the price range based on recent highs and lows. The wider the channel, the higher the current volatility; when the channel narrows down, the volatility of the instrument temporarily decreases.



Installing and setting up the indicator

The Donchian Channel is included not in every trading terminal; hence, you might need to download a file of the indicator and set it up in your terminal. You can download the indicator for MetaTrader 4 by a link in the end of this article.

To install the indicator, copy the file to the Indicators folder. Via the Main Menu, open File/Open data catalog/MQL 4/Indicators, copy the file, and restart the terminal.

As a result, the Donchian Channel will appear on the list of user indicators and will become available for the charts of your instruments: open Insert/Indicators/User/Donchian Channel. Or just left-click the indicator in the Navigate window and drag to the chart.

The calculations are quite simple



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Heiken Ashi + ADX + Stochastic Trading Strategy

Author: Andrey Goilov



Dear Traders,

Today, we will speak about another trading strategy meant for minute charts, with a potential profit of 10-15 points per trade. The characteristic feature of this strategy is the use of the ADX indicator on small timeframes: normally, it is used on daily charts, as its author advised. However, here, instead of normal Japanese candlesticks, we use Heiken Ashi, which is, again, rather unusual for a simple trading strategy.

What indicators do we need?

To set up the strategy for decent work, we only need three indicators.

Heiken Ashi

First and foremost, install the Heiken Ashi indicator. Many traders say it demonstrates current market trades immaculately. This is traditionally a user indicator, not included in most trading terminals. When you add the indicator to the chart, candlesticks turn red and green.



Red candlesticks mean a downtrend, and many traders recommend selling on such candlesticks only. Conversely, when the indicator turns green, look for buys. In the simplest strategies, traders add the Stochastic Oscillator to confirm the signals of Heiken Ashi.

ADX

The second indicator we will need is ADX, or Average Directional Moving index, which also shows the current market trend. According to the author, if ADX values grow, this indicates a strong trend, while low values signal bout a flat.



ADX indicator Be careful: when the indicator values grow, this just means there is a trend in the market but we do not know whether it is bullish or bearish.

Stochastic Oscillator

The third indicator is the Stochastic Oscillator with the parameters (5, 3, 3) that in many strategies, gives good entry signal by the crossing of its signal lines. Being an oscillator, this indicator shows how far the price has fluctuated from its average values.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
Tech Analysis Patterns: How to Trade Diamond?

Author: Victor Gryazin



Dear Traders,

In this review, we will get acquainted with trading the Diamond. This is a reversal tech analysis pattern promising a correction or a reversal of the current trend.

How does a Diamond form?

The Diamond is a quite rare reversal pattern, which you do not often come across on charts – perhaps this is another reason why it is called like a precious stone. The pattern forms at the highs/lows after the preceding up- or downtrend.

What does the pattern look like? We can say that on the chart after an impulse ends, the price consolidates, and two triangles sharing one base form. First, a diverging triangle appears, then a converging one follows suit (symmetrically). Together they form a pattern that looks like a rhombus, or diamond.

Ideally, the pattern looks like a clear symmetrical diamond shape. But let us remain realistic: even real diamonds have flaws, scratches, and cloudy spots. With the Diamond pattern, it is the same: in real market conditions, its borders may be quite asymmetrical, a bit shifted or extended.

The most important thing here is for the pattern to remain at the extremes and within the borders of two adjacent triangles, be they imperfect. If you have any doubts with a Diamond on a normal chart, try switching to the linear version: it will show the borders of the pattern more precisely.



Choosing a timeframe for trading

A Diamond may form on any timeframe, even the smallest one. For trading intraday, you may use M5, M15, or H1. However, keep in mind that they are considered less reliable than larger timeframes.

The larger the timeframe, the more probable it is that the pattern will be worked off. The main timeframes for trading this pattern are: H4, D1, and W. Naturally, on larger timeframes, the pattern takes rather long to form but promises more significant realization. As soon as the pattern is complete, you may start trading.

How to trade Diamonds?

To trade the pattern, you need it to be complete; I advise you against trading inside a Diamond. If the Diamond formed on the highs, this means the uptrend is over, so you may sell. Conversely, if the pattern forms at the lows, after a downtrend, you may expect an upward reversal and get prepared for sales.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
128
Points
107
RoboForex adds new MetaTrader 5-based accounts



Dear Clients and Partners,

We’ve expanded the opportunities of working with the new-generation trading platform MetaTrader 5. From now on, you can trade on RoboForex Prime accounts with the exceptional market conditions.

Prime accounts – trading on the best market conditions

  • Floating spread – from 0 pips.
  • Leverage – up to 1:300.
  • Perfect for automated scalping.



MetaTrader 5

Terminal for modern trading

  • Access to popular trading instruments
    Trade assets in different segments of financial markets, such as Forex, Cryptocurrencies, Metals, CFDs on US stocks, indices, and oil.

  • Trading robots
    Create and test trading robots or buy ready solutions from the built-in platform shop.

  • Flexible trading system
    Choose a more convenient position accounting system: netting or hedging.

  • Fast execution
    MetaTrader 5 is a 64-bit multi-thread platform, which provides fast order execution and comfortable testing of trading strategies on historic data.
Get access to all advanced features of MetaTrader 5 and choose the most suitable trading conditions with one of the .




Sincerely,
RoboForex team
 

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