Posts Tagged EA

Pip Android – How To Use Currency Exchange Signals

Posted by Bird on Monday, 8 February, 2010

Here’s an unusual program: Pip Android

Many people have a problem with trying out something they are paying for. They need it to cover its costs right away. This is understandable but if you concentrate on it, you can see that you will have more chance of earning money in the long run if you become acquainted with using the alerts in a risk free way at first.

Some companies will send their forex signals free for a certain time on a trial basis. This gives you the opportunity to test without feeling that you are wasting your money on the fees.

When it comes to paying for foreign exchange signals, providers may either need a once per month membership fee or charge on a per signal basis, or potentially a mix of the 2.

Signals are typically sent by email or by SMS. Regularly you may pay for SMS alerts through your phone company. It can be less expensive to get them by email only and some people do this if they have good access to e-mail. It does mean of course that you are tied to your personal computer to a much bigger extent.

You would likely need to go searching and get one or two recommendations before you join a foreign exchange signals service. Foreign exchange trading forums are a neat place to pick up information about other traders’ experiences with these firms. You may also be ready to compare the result. Bear in mind that results released on the company’s own internet site might be selected carefully to cover their more successful periods. An independent site which proofs the results by receiving the foreign exchange alerts at the same time as buyers would be more trustworthy.


FRWC’s Royal Trader – Pips Explained

Posted by Bird on Monday, 1 February, 2010

Here’s something interesting. I think it is: FRWC Royal Trader from Forex Robot World Cup.

If a trader tells you that they made 100 pips profit, you don’t learn anything about their finance situation. If they are trading a pair like EUR/USD where the buck is the quote currency, one hundred pips profit would be $1,000 on a standard lot of $100,000 but only $10 on a $1,000 micro lot. To grasp the dimensions of one pip in bucks in this situation, multiply 0.0001 by the lot size.

To calculate profit or loss from pips where the dollar is the quote currency, you just need to grasp that one pip is $0.0001 x lot size. If you have another currency as the quote currency, the pip is naturally in that currency, and you can multiply by the exchange rate to know the pip value in dollars.

All this may appear confusing at first glance but anybody who starts trading will pretty soon understand what a pip means in practice. Currency trading pips are a handy tool for measuring and recording movements in prices in forex trading.


USDBOT

Posted by Bird on Sunday, 24 January, 2010

Here’s something fresh. I am not sure if it’s good, but it may be worth a look.

USDBOT is a 2 in 1 EA for two currency pairs – EUR/USD and USD/JPY. The system is built around a strategy of a group of veteran foreign exchange traders, which has taken them years to perfect. The bot was built using the adaptive neural network technology which takes into account common trading strategies in addition to its own. Thus the bot is able to adapt to different market conditions or trends…

I’m sure it is worthy to take a look.