An automated strategy in which a customised range is found in order to trade the breakout to a pre-defined target. Ranges, pairs, targets and stops can be customised if analysis highlights beneficial results. This strategy can be used across multiple pairs and has the potential to produce consistent returns.
- Oil Price Outlook Mired by Sticky US Crude Output 14th December 2019
- US Dollar Outlook: FX Volatility Rising from Extreme Lows – USD Levels to Watch 14th December 2019
- Stock Market Crashes: Current Climate Compared to Prior Conditions 13th December 2019
Based on an advanced Fibonacci pattern, this system turns the Fibonacci pattern from an indicator into a complete strategy. Using the retracements and extensions with the addition of some alternative levels, a strategy has been programmed to highlight exact market swings and areas in which probability wise, trades are more likely to reach a specific price level. The software automatically loads the Fibonacci swings on to any timeframe allowing the trader to see the market’s exact position in terms of retracement/extension in order to quickly make a decision as to the probability of the trade. This provides precise target and stop areas and can be combined with other technical tools to further increase their prominence. We provide a full explanation of how this strategy works in our Financial Trading Internship where traders learn the rules behind the strategy and how to best employ it both manually and automatically.
This analytical tool enables the trader to visually see the active trading hours. The candles are expressed in distinctive colours which allow the trader to instantly see which trading sessions any given pair has been particularly volatile/active in. Strategies can be developed around this and it allows a trader another layer of analysis before entering a trade as this software may highlight that the target or stop he has set is likely/unlikely to be reached in the given time frame.
The DTR software allows the trader to find the daily trading range of any given currency pair. The time frame the software analyses can be customised, whether a 10-day average DTR is required or a 40-day DTR, any period can be implemented. This indicator provides an expected topside and bottom side range for the day such that any position can be modelled to remain within these parameters as a target outside this range has a much lower probability of occurring. This software is perfect for matching significant daily levels, finding levels of confluence and lets the trader, with a probabilistic view, match his potential risk with his more probable return.