Forex Trading

I have had some time to continue on my Python Forex Trading Bot (code borrowed from here and tweaked by me) now that we’re all self isolating. This is purely for educational purposes because when I run this sucker, it loses money. Not so much anymore but it’s not profitable. The reason why I say ’educational purposes’ is that coding is not my first choice of career and I teach myself as I go along. Coding’s been very profitable in other parts of my life and I use it to get $hit done. ...

Just updating my past post on autogenerating support and resistance lines for the EURUSD. I’ve updated the charts to use Bokeh, a nicer and interactive set of plots. You can zoom in and see the candles at various price levels. I still need to do more labeling work on the charts as I learn how to use the Bokeh library. The thing that’s hanging me up right now is how to correctly label the horizontal support and resistance lines (aka as Spans in Bokeh) with the actual value. The other thing I need to do is add a legend. Red means resistance and Green means support. ...

I’m going to spend some time updating this old post from 2007 where I had a banner year trading Forex. Granted, this was for a tiny account but I wanted to see if I could really make the returns that everyone was shouting about. The short answer is “YES! but…” There’s always a ‘but’ in when investing, trading, or speculating in any traded market. As promised, see the PDF link below for my entire 2007 Forex trading log. These were actual tickets and trades generated for my $100 Forex Experiment. You can see I had a few ups and downs but my trading equity grew over 50% this year, amazing!!! ...

Every Forex Trader I know trades differently. Some are mechanical traders while others are purely discretionary in a nature. Some even use “bots” to trade automatically with little or no intervention from them. No matter what kind of Forex Trader you are, the one thing I learned in trading these insane markets is that when you find something that works, stick with it! If you’ve been following my $100 Forex Experiment, you’d know that my Forex education has had its ups and downs. You know that I experimented with a few different methods and paid the financial price. Despite my roller coaster ride, I slowly started to figure out what works best for me, my account, and my hair. Want to know what that is? ...

In my old blog, Digital Breakfast, I posted a few times about my desire to build an Automated Trading System (ATS) using Excel. I figured I’d build it in Excel since I know that software the best and conveniently enough, Interactive Brokers offers an API for Excel. Today, I located my old real time ETF Trend Signal system, which is based on statistical performance measures to generate trend signals, and decided to begin additional back end development on it. ...

Good Morning. Yesterday’s currency sell-off triggered several of my buy orders as the EURUSD and GBPUSD pairs dropped through support after support. The end result was that I started to pyramid losses. However, I stuck to my trading plan and planned for a long wild ride. In case any new readers are wondering, I will (re)post my trading plan on this blog later today. Finally, overnight the pairs started to firm up and now my GBPUSD pair is showing a nice profit as it heads back to the magic $2.00 level. The same with my EURUSD position but it’s still underwater at bit. I have confidence that both pairs will climb back to their highs because the my neural trend models continue to show a strong Euro and Pound relative to the dollar. In other words the Euro and Pound’s trend remains up. In fact the signal coming from the Pound is a “STRONG UP!” ...