Forex tools

Trading Discussion
1

Short version: I’ve developed some tools to help me trade and I’m thinking about turning them into a website, but I don’t know if traders would be interested. (Nothing is publicly online so I’m not spamming)

Long version: I’m an enthusiastic web developer and for about a year now, a trader. Trendlines are the most important asset in my trading strategy and I don’t like watching the market all day just to catch the moment when a trendline is breached so it made sense to use a computer for that.
That’s how I started developing a set of tools to help me trade. What I’ve got so far:

  • alerts. The usual ‘=’ price, but also ‘closed above’ and ‘close below’ price, really usefull for those using trendlines. When an alert is triggered an audio alarm starts to play, so you can hear it even if you’re not at your desk. ( I got a really annoing sound to be sure I’ll get to it fast )

  • charts for mobile devices. I have found only java based charts online that don’t work very well or at all on mobile devices. So I made my own. However charts without my trendlines weren’t that usefull so i made it possible to import the trendlines from mt4 templates. Now I can get a quick peek at my charts anytime/anywhere. ( I also use metatrader mobile for it’s better charts but I don’t like that I’ve got to draw each trendline manually )

  • journal. Haven’t really liked loging my trades into an excel tabel. It got really crowded really quick. I developed the journaling system with filtering and some basic statistics. I use a number of strategies (Demo, Live, Algorithmic) and I really like that I can easily filter too see trades and stats for only one of them.

Also I want to integrate a chat into the website so traders could easily talk about current market opportunities. A public chat and another one for the more experienced users would probably be usefull.

That’s it for now. Everything will be free. So, what do you think?

2

Sounds great (if you are not pushing for cash)

3

Only one interested? I was expecting more feedback

4

nice thnx flyer

5

Hi flyer90! thanks for this useful information.As you mention the strategies (Demo, Live, Algorithmic). I have idea about Demo and and Live but not about Algorithmic. Will you like to tell me Algorithmic? :5:

6

Great post flyer90!
I’d advise not to cover your screen with more than 2-3 indicators. Remember: the role of an indicator is just indicating and not giving answers: you ultimately have to make the final call. I personally use 200,20,50 MA & stochastics and sometimes add Fibonacci retracement.
Hope this was helpful. Good Luck!

8

Thanks for the advice.

9

@gbreinstein algorithmic trading is trading done by the computer after user defined rules. check the article on wikipedia, it’s quite comprehensive: Algorithmic trading - Wikipedia, the free encyclopedia

12

Hi,
Thank you for sharing good information for us.As you mention the strategies demo, live, algorithmic.I have idea about Demo, and and live but not about algorithmic.

13

Lets try it on different broker’s platform and report here about results, what do you think about it?

14

Hi Guys. I am new on the forum. Got a quick one. What values would you recommend for 15, 30, and 1hr charts respectively for MA and stochastics? My assumption (correct me if I am wrong) is that different values have different sensitivities for different time frames. Anybody out there trades 1 min charts?