Metatrader Forex Data and back testing

I finally found a source for free forex data that is complete, and FREE!

Here is the link to the file - Metatrader Free Forex Data

And the recommended set-up to back test your EA on MT4, follow this link

Set up for back test

There are other helpfull articles on that website also. I took a look at the two systems they are offering for sale and they don't fit my style. I like smooth equity curves. One of the systems has a 30% win rate, I like small gains with high win rates.

Tipster Trendlines 3a now available

The AFL code that allows you to trade right from the Amibroker chart is

now available.

Click the image below to read about it, watch a video, and order.

I recommend you read the Tipster Trendlines FAQ before your order.

Tipster Trendlines 3

The new version will be available soon. Click the image to read about all the new features. You can place your order today and I'll send the code to you on the release date.

EUR USD TRADE

Last week I caught a big move and rode it for a nice profit. It was the breakdown of EURUSD below 1.3450 area (support area on the daily chart and also going back to May 2009). Now its getting back to that area (revisiting, support becomes resistance) and I'm considering shorting again. The only thing that looks odd is the speed at which it has re-visited the area. It doesn't look so odd on smaller time frames. With proper risk management and appropriate stop placement this is worth a go since the reward (profit area) is quite far away when looking at the daily chart, 1.2900 area. Here's the chart... as I see it.



Here's the hourly picture. Watch out for early Sunday fake outs, including gap plays.

Market Scan NASDAQ and other US markets

Here's the same scan from the previous post applied to my US stocks database. I don't typically play US stocks.

Check out the stocks with the NR7, their in pull back mode, I buy on STOP. I look at the intraday 15 minute chart where I have the 5 day MA plotted. The 5 day MA has to be flattening out, then I buy the break out for a swing trade, using a bracket order.

My tool for placing order is Tipster Trendlines. It is an Amibroker AFL for the chart that allows me to draw horizontal lines on the chart and hit the order button, sending the bracket order to TWS (Interactive Brokers trading platform). If your interested in it, the link is at the top of the blog.

Market Scan - TSX

Here is an example of a scan I'll do when I'm looking for a swing trade on the TSX. The output window is shown below, along with a few stocks that i would consider entering on STOP orders, all are long entries.
The coloumns I generally look at in the output window are;

• AlphaLong when the market is in an uptrend
• NR7 - scans for narrow range bars in the last 7 bars
• Stochastics - below 40 - this just ensure I filter out stocks that have moved already

Behind the scenes in the scan I'm looking at the 5, 20, and 50 SMA, with a price cut off and volume cut off (55 day average volume more than 200K)

On the chart, the arrows are coloured, the legend is at the top of the chart. Notice the NR7 arrows....

I use Tipster Trendlines AFL code for Amibroker to place my trades. It's a great tool to place the trade right from the Amibroker chart. Interactive Brokers is who I use.