16 June, 2008
16 June, 2008

16 June, 2008
This article is part of my ongoing evaluation of ForexGen’s Forex System Selector,
a web based automated trading tool that allows the user to select one
or more trading systems, and have them automatically traded against an
account.
This is running against a one month demo account, which is
funded with $100,000. Previous articles have given an overview of the
product and the first trades. This article provides an update on
trading performance to date.
In terms of the operational smoothness of the system, I can
report that it continues to operate flawlessly. I am taking note of
this because I have tried several other products that were unstable and
continually lost server connectivity. The fact that this product is web
based, and on ForexGen’s own server means that connectivity to
ForexGen’s quotes and trade execution engine is well controlled.
Read more…
16 June, 2008
ForexGen provides its institutional clients with incomparable
professional and individualized trading services. As a professional
online trading service, ForexGen provides several facilities for all
kinds of traders. Our corporate and managed trading service performance
are based on respect and appreciation which is only achieved by
offering intelligent high end trading tools for secure
investment.ForexGen is the easiest and fastest gateway for the
corporate traders to perform successful trading, which provides a
unique institutional investor professional facilities and highly
qualified individualized services for the international customer.
ForexGen provides advanced online trading software with full corporate
trading services. A rich choice of managed accounts are also available,
please check our Managed Account SectionForexGen delivers what traders
want: instant order execution, lowest spreads, flexible starting capital, fast deposits and withdrawal, a local support
in more than 18 countries, and most of all, solid funds security.
Winning in trading depends on using the right strategy and controlling
all the moves. Trading strategies are discussed in details at ForexGen Academy.
16 June, 2008
The Eurozone and the U.K. economies continue to diverge.
For years and years, these two economies followed each other up
and down in “lock step”. Then the credit/sub-prime crisis hit. This
pushed the U.K. economy lower as they experienced the same things that
America experienced: Hedge fund blow ups, banks struggling, housing
prices falling, etc.
On the other hand, many other European banks didn’t have as
much exposure to “sub-prime” as did the “financial epicenter”, the U.K.
So as these economies “de-linked” and continue to diverge, it’s
produced a heck of an uptrend in the EUR/GBP pair. Click on the chart
to enlarge it below.
Learn more about Forex Market News with ForexGen at
16 June, 2008
The dollar continued to remain under pressure as the trade
deficit increased in the month of February. Even though everyone was
looking for the weaker dollar to help boost trade, I forecasted an
increase in the deficit because the previous drop in the ISM
manufacturing index told us that it would be weak (Forecasting News)
Jobless claims also dropped sharply but the improvement is
primarily due to the Easter Calendar effect. I still expect claims for
unemployment to rise especially since continuing claims remain at very
high levels.
Not only is the US dollar trading at a record low against the
Euro, but it also slipped below 7 Chinese Yuan. With this big
psychological barrier breached, the G7’s criticism towards China’s
currency regime will be limited.
Nothing has changed and if anything, ECB President Trichet has
confirmed his hawkishness. US retail sales are due for release next
week and with Linens ‘n Things joining Domain, Fortunoff, and Sharper
Image in filing for bankruptcy protection, consumer spending will
contract for another month. Crude oil and gasoline prices have also hit
a record high which is going to hurt consumer spending further.
Learn more about Forex Market News with ForexGen at
www.forexgen.com
16 June, 2008
ForexGen offers the swap-free accounts. Currency swaps will not apply to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn. ForexGen will invoke this right in case of suspicion of abuse.
Stop, limit Order Execution
Our dealing room always tries to execute top orders (sell stop, buy
stop, sell limit and buy limit) at the indicated price unless in the
market gaps where price changes at a sudden and it is impossible to
fill you with the price that initially requested.
Our dealers always try to fill you at the best price that can
be achieved.
Streamline Dealing
ForexGen’s clients buy and sell without a request for quote and that
means ForexGen provides streamline dealing and tries hard to avoid
requotes.
When clients try to take advantage of a wrong price quotes in the
Market Watch, requotes take place.
Visit our site at:
www.forexgen.com
16 June, 2008
will enable the traders to apply more than one
strategy for one or multi pairs and simulate these strategies in
history to see the results of these strategies and try to tune its
parameters to achieve its maximum profit and minimum loss.
The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.
The strategy tester uses the following two components to carry out its process.
Validator
- Validates the prior used strategy to be applied on the historical data.
- Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.
- Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.
Verifier
- Scoring and ranking the time results from using the strategy.
- Providing the trader with feedbacks on different strategies performance.
To Find Out More