Last week we covered the basics of the FOREX market, its advantages and some market terminology. We also saw a semi successful demonstration of a strategy based on the Stochastic-RSI indicator, where 3 out of 4 weeks we had a small profit.
This week's lesson will start covering technical analysis, what indicators are commonly used, and how to make decisions based on the indicators. We will go over the implementation of a very simple mechanical trading system based on the Stochastic oscillator.
Come join us to learn how to trade the stock markets by developing computer programs to analyze price movements and automatically make buying or selling decisions based on the result of simple formulas.
You will learn the skills and foundations of profitably trading the markets by using a simulator to develop and test your trading algorithms. The simulator, using real second by second exchange rates dating back to the year 2000, will let you know when your algorithm has been fine tuned and is profitable. Once you have this confirmation, then you can decide with confidence to start making real trades.
The simulator used for the lessons is an application developed in the .NET platform that uses actual historical data to test the profitability of trading systems. As part of the lessons you will get the full source code to this application.