Forexgen Technical Indicators

Learn about forex technical indicators, how to build your own and create adapted indicators for trading forex markets.
Forex technical indicators provide you with techniques for objectively viewing price patters on your currency charts.for more informations....

Technical indicators for forex trading are necessary part of analyzing the forex market. No matter what type of trader you are, having the right indicator for forex trading can make a huge difference between a profit and loss. Some technical indicators for forex have been around a long time, while others are being developed on a daily basis. One way forex traders can develop these is through a program called Chart Studio™, which is a free technical indicator-building tool for forex traders. In this column, experts will teach you how to build your own customized indicators for the forex market. read more....

Expert Advisors With ForexGen:

Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.
ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/. With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.
What is an Expert Advisor?
It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text
Starring in writing your custom Expert Advisor has never been easier. To be able do so, traders only need to learn how to use a very simple language - the MQL 4.
There is a great variety of trading strategies developed by a lot of traders using MQL4 language and ForexGen traders can depend on it as a good start to get familiar with MQL4 language and allow traders to incorporate the previously accumulated experience.for more informations.....

ForexGen Advanced Trading Tech.

Introduction • Trading in the Forex market is a challenging opportunity where above-average returns are available to those educated and experienced investors who are willing to take above-average risk. • However, before deciding to participate in Forex markets, traders should carefully consider the investment objectives and scope, the required level of experience and risk abilities that should be available, and the most important factor is to take into consideration not to invest capital, if you can not afford its loss. • There are considerable risk factors in any Forex market; any transaction involves currencies contains risks that is not limited to potentiality of changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. • Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on trader's deposited funds; this may work for traders and also against them. • Success in trading the Forex markets is not an easy task, It usually requires a tremendous level of understanding and discipline, and also requires the consistent application of correct trading strategies and rules, with uncompromising commitment. • The primary reason traders losing their capital is that “Traders do not understand the true nature of the market in which they are participating”. • In addition to the “Market Risk” associated with adverse price movement, there is a number of other “Risk Factors” that are inherent to online trading, whether manual trading or regular automated trading concepts available in some platforms.for more informations.... Purpose • By going through all previous points, ForexGen reached to some certain findings that aim to give traders the possibility to participate in the Forex industry with potentials in actually gaining money form the market and not often losing, this can be done by introducing the concept of “Automated Trading System”. • The goal of building this system is to replace the human involvement in trading and relieve the individual trader from the emotional, physical and psychological stresses of manual trading and the tedious monitoring responsibilities of running an expert advisor on a platform. • The system offers huge capabilities for any kind of trader, it does not really matter if traders have an intensive experience and knowledge in the Forex markets or without any knowledge at all, the system will always tune it self to adapt traders who uses it, offering trading features far in excess of what human traders are capable of. • The system offers traders an opportunity to trade the world currency markets 24 hours a day 5 days a week initiating trades on traders behalf according to the trader's selected strategies in the signal entry and positions management, Utilizing an advanced and -state of the art- trading strategies that determines exactly where to buy and sell and how to maintain the opened positions. • The system eliminates the emotional and psychological aspects of trading and allows strict adherence to proven trading rules and principles by providing the tools necessary for properly maintaining suitable account margin leverage. • The strategies embedded inside the system enables it to self-adjust to follow trending and ranging markets by using complex and sophisticated "market specific" trading algorithms and logic to analyze different price structure and movements resulting in self-adapting to the constant change in market conditions. • The system has the capabilities to trade major currency pairs like (EUR/USD, USD/JPY, GBP/USD and USD/CHF) and any other pairs available in the Forex market. forexgen Features • Trading platforms does not enable traders to open more than one pair at a time. • forexgen, offers traders the ability to open any number of positions at the same time, traders can choose whether to open a set of pairs together at the same time for hedging purpose or to open pair by pair when the used strategies confirms the entry, also the system provides the following features: Ability to open a group of pairs according to hedging theory and correlations factors between different pairs.Ability to open positions according to group of customized strategies.Ability to open the positions according to the predetermine directions with confirmation from the selected strategies.learn more.... Ability to determine using swing feature after closing the opened positions, trader can determine if the next positions of the same pair will be opened in the same direction of the first position or the directions will be reversed "swing between them”. Trading platforms does not enable traders to close more than one pair at the same time.• forexgen offers traders the ability to close the opened positions together at the same time when they reache the predetermined profit/loss value, or close the positions one by one according to the determined stop loss, take profit, and trailing options , also the system provides the following features: Ability to set stop loss in pips with any value to close the opened positions, no minimum or maximum amount is determined. Ability to set stop loss in value to close the opened positions. Ability to use dynamic stop loss feature, by using this feature the system will keep tracking of the opened pair’s status in terms of their current volatility and their history by using Fibonacci and pivots theories. Ability to set take profit in pips with any value to close the opened positions, no minimum or maximum amount is determined. Ability to set take profit in value to close the opened positions. Ability to use the trailing stop feature to protect the achieved profit at certain level, currently the system supports the following kind of trailing: The dynamic trailing feature, which calculates the trailing value dynamically for each used pair based on the current volatility, this feature will be an important aid in order not to close any opened position early and waste potential profit. Trailing on total feature, which apply the trailing feature on a set of pairs together and close them as group. for more informations....Fixed trailing feature, similar for what is currently provided in trading platforms with additional advantage which is having no minimum value for the trailing. Trading platforms enables traders to select number of lots to be opened for each pairstatically according to the selected lot size by traders before opening the positions. • forexgen offers traders the ability to have dynamic lots calculations, this feature is used to calculate the required lot to be opened for each pair without putting the account margin in risk, and this feature will be useful in gaining maximum reasonable profit based on the type of the account, deposited balance, and free margin of the account at any time. Example Using an account of $10,000 traders can open as many as 20 positions at the same time, every 2-3 positions may form a set and these pairs will hedge each other. The forexgen MT4 will choose the best entries for each set, and each set will be monitored for the best dynamic profit “trailing” or trailing on total. Once a set hits the right target, it will be closed and a new set will be opened according the selected criteria. The next figure will give a brief hint of this process.read more....

ForexGen Trading Station

ForexGen Trading Station is the client's part of the online ForexGen Trading Platform. We provide all the needed trading tools for a successful trading. We attempt to supply the sufficient information and tools in order to make the Forex traders' decisions more appropriate and easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing technical analysis and develop Forex trading strategies of their own. ForexGen provides continuous real-time information and sophisticated technical analysis tools. ForexGen Trading platforms are stable, secure and characterized by its unique performance. It is the best solution for trading on Forex, CFD and Futures markets. The ForexGen Trading Station is our clients' gateway to the world's Foreign Exchange and Bullion markets. We have chosen the ForexGen Trading Station as our solution for the professional trader because in our opinion, it is the most reliable, professional and secure online trading software on the market at the current time.ForexGen platform features:• Streamline dealing with no request for quote for up to 200 lots (20 million).• ForexGen trading platforms have a friendly user interface that is both easy to use and to grasp.• One click orders execution.• Providing real-time charts with the most common indicators. • Advanced charting tools with many technical analysis features.• Daily account statement. read more.......• Provides many order types to employ the desired trading strategies and mange the risk. • Summary of client's orders, floating profit& loss, account equity, etc within real-time. • Follow P&L and open positions within real-time.• Providing a multi-lingual platform that supports 14 different languages.• Exclusive technical analysis daily to your mailbox in the Trading Platform.• Providing news headlines directly in the system. • Provides research reports for every day and every week.• Showing real-time prices in the major currency pairs that are constantly updated. • Providing tools enabling the ForexGen's clients who have real accounts to program their own trading strategies with the Expert Advisor. • Clients with real accounts can discover the ForexGen's trailing Stop feature.• Providing a high level of security found in the client's unique username and password. We strongly recommend you to open a demo account to try the many features of our system. For further information or assistance, please do not hesitate to contact us at any time or simply request a call back. • Working with securities of Forex, Futures and CFD markets. • Various execution technologies: Instant Execution, Request Execution, Market Execution. • Confidentiality of all trading operations. • Unlimited charts quantity.• Support of various timeframes (from minutes up to months).• Large number of technical indicators and line studies. • Experts, Custom Indicators and Scripts. • Multilanguage program interface. • Signals of system and trading actions.• Getting on-line news from financial markets.• Internal e-mail system.• printing charts and completed trading transactions statements.for more informations....

ForexGen Multi Pair Chart Indicator

The multi pair chart indicator allows putting multiple currency pairs on a host currency chart and draw the difference between the these currencies (the added pairs and the host pair)The multi pair chart is an indicator which represents more than one pair symbol, it creates further correlations between the pairs through hedging. It simulates the expected relations between more than one symbol to be more useful and to facilitate the trading process.read more.....

ForexGen Trading Signals:

Dash board is an assisting tool that makes strategies combinations where its calculations depend on volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame. It shows the buy/sell signals by different strengths in the short, middle and long periods:
- Short strength expected results may take from 2 to 8 hours to produce profit and the expected gain may reach average 20 to 30 pips.
- Middle strength expected results may take from 8 to 24 hours to produce profit and the expected gain may reach an average of 30 to 60 pips.
- Long strength expected results may take from 1 to 5 days to produce profit and the expected gain may reach average 60 to 30 pips.
Indicator features:
- History mode feature that allows traders to get the dash board indications for any point in history.
- The ability to show or hide all strategies.
- The ability to add or remove any strategy from Dash Board calculations.
- Assigning weights for each strategy in Dash Board calculations. for more informations.....

Dash Board for all indicators
Dashboard for all is an assisting tool that includes 27 currency pairs, it allows traders to see the CIF values for the selected currencies on one chart. It represents the buy/sell signal by a percentage of different strengths (short, long, and middle). The dashboard for all calculations for each currency pair depends on, volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame. Dash board for all indicators includes a history mode parameter which allows the trader to get the dash board indication for a historical point for many currencies at any time frame.for more informations.....
Indicator features:
- Showing more than one currency pair on the same chart sorted by spread ascending.
- Showing currency pairs having the same spread with the same color.
- Showing average, short, middle and long term CIF values beside CIF values for all pairs.
- The ability to select the needed currency pairs to be shown.
- The ability to select directly all currency pairs to be shown.
- ForexGen support the following symbols.
- The ability to store current CIF values in a text file for the selected currency pairs.
- The ability to store history CIF values in a text file for the selected currency pairs.
- The ability to show or hide all currency pairs (hide them while storing in file).
- The ability to use currency pairs correlation and weights functions.
The following screen is to select the desired pairs to represent their CIF values on the current chart.learn more....