Posts Tagged ‘eurusd’
Forex Brilliance and Each Currency Pair Getting Its Ownn EA
March 23rd, 2010
Posted in Forex
I see fairly often different expert advisors being created to trade on any currency pair. They are never made or even tested on all major pairs. Often there’s just one pair and it’s made and tested on it. But traders still use it on different currencies and see very different results. However, I I believe it only makes sense to have a expert advisor made for one pair and trade with it on that one special pair all of the time.
That’s what Forex Brilliance developers think too and they have made a suit of expert advisors that trade on explicit currency pairs. There is not any confusion as to what to trade it on and whether it should work better on one currency pair or another. I think more developers should use this practice. Not only that, when you’re trading by hand you need to consider that to be true for your manual system also. It’s a matter of probability, when you test and modify a system on one major pair, it’s likely to perform best on it. Naturally, I don’t say that there aren’t any systems that are universal, but it is’s a lot more hard to develop and run such a system.
FAP Turbo – What Are Pips?
February 13th, 2010
Posted in Forex
Here’s something new. I’m not determined if it’s good, but perhaps may be worth a look: FAP Turbo
Currency trading pips are an important part of forex trading that any trader must grasp. They’re the measure of movements in prices, and so of profit and loss. Brokers customarily translate pips into greenbacks and cents for you, or into the currency that your account is held in, if it isn’t US bucks. However , when comparing 2 trades with different position sizes it’s the profit or loss in pips that tells you more than the profit in bucks.
PIP stands for percentage in point. It is used as a measure of change in price . Spread is also measured in pips. The pip is the smallest part of the measured cost of a quoted currency.
In practice, most currencies are quoted to four decimal places, e.g. 1.2315. In this example one pip is 0.0001 units of the quote currency. So if that price changes to 1.2316, the price has increased by one pip.
The japanese yen is the sole one of the major currencies that’s low enough in value to be normally quoted to two decimal places. So when the yen is the quote currency, one pip is 0.01 yen.