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The first Attempt

Taggert Posted 26 June  in #Jforex #Automated Trading
Hello out there,last night I was telling you about the excitement and fun I experinced when I was playing around the JForex API for the first time. Today I managed to write a little strategy. Definitely nothing fancy, but I was able to place an order with a stop-loss and a take-profit. You are probably much better in doing this, then I am - but there might be some folks out there, who struggle with all of that and are having a hard time to getting all the concepts in Java worked out. Well, I ran…
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Jester 28 June

It's really not bad :) As for me all indicator based automated strategies are rubbish because the trading with indicators is like a driving a car looking back to the mirrors :)

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Taggert 28 June

Well, I guess they are self-fullfilling-prophecies. So many people use them - like a resistance on the 200EMA line, that it really becomes a resistance factor. So I don't expect it to work perfectly, but if you get a statistical advantage (like 51% of your trades are winners) it will work. Or you just have a good win/loss ratio. Your SL is always 10 pips, your take profit is always up to 30 pips - you actually can have a winning strategy with less than 50% of winning trades. You get really good if you can combine those two factors ;)

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A Programmers Journey

Taggert Posted 25 June  in #Jforex #Programming
Hello out there,as a programmer and a trader I was really thrilled when I discovered that there is a Java Platform on which you actually can build strategies and test them. I used MQL4/5 before and I hated it. Okay, I have to admit that I consider Java a very beautifull and sophisticated language - actually probably the most beautifull and readable language that there is - this is however a personal opinion, so please don't start throwing rocks at me now. So, excited as I was, I asked Papa Googl…
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nilsaedagar 26 June

Well done))+1 liked

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