ActFX Algorithmic Trading

Chande Momentum Oscillater (CMO)

Administrator — Mon, 31 Oct 2011 05:14:27 GMT

Chande Momentum Oscillater (CMO) indicator

The Chande Momentum Oscillator (CMO) is a momentum indicator similar to the Relative Strength Index (RSI).

CMO = 100 * (pos_sum-neg_sum) / (pos_sum+neg_sum)
Where pos_sum is absolute sum of positive differences of current and previous values within period.
neg_sum is absolute sum of negative differences of current and previous values within period.

The CMO values oscillate between +100 and -100. Values above +50 indicate that the market is overbought; values below -50 indicate that the market is oversold.
According to this, when CMO moves above +50, it is not recommended to open buy positions because of the bearish tendency.
When the CMO moves below -50, it is not recommended to open sell positions because of the bullish tendency.

When CMO crosses the 0 line from below, it can be considered as a confirmation of the uptrend. When CMO crosses the 0 line from above, it can be considered as a confirmation of the downtrend.

10-days SMA can be added to the CMO to work as a signal line, in order to generate trading signals before the CMO crosses 0 level:
• When CMO crosses its SMA from below, it’s a signal to Buy.
• When CMO crosses its SMA from above, it’s a signal to Sell.

As with all oscillators, positive or negative divergence between CMO and the instrument price can also provide the trading signals

Price can be High, Low, Open, Close, Middle, Typical and Weighted. (Close is set by default).

Fisher Transform indicator

Administrator — Wed, 28 Sep 2011 03:49:08 GMT

Fisher Transform indicator

Fisher Transform or Fish indicator is used to determine price reversals.
The Fisher Transform formula transforms the probability density function of any waveform to a function similar to a Gaussian probability density function.
The function can transform instrument prices as well as any technical indicator. For example you can apply the Fisher Transform to the Relative Strength Index indicator. The transformed time series have very sharp turning points and therefore produce clear and precise bullish and bearish signals.

Bullish and bearish signals are generated when the Fisher line crosses above or below its signal line, which is the fisher transform one bar ago.

Here is the formula of the Fisher signal line:
Value:=0.66*((Price-MinL)/(MaxH-MinL)-0.5)+0.67*Value_prev;
if Value>0.99 then Value:=0.999;
if Value<-0.99 then Value:=-0.999;
Fish:=0.5*ln((1+Value)/(1-Value))+0.5*Fish_prev;

MaxH is the highest high for the last period candles
MinL is the lowest low for the last period candles

Price can be High, Low, Open, Close, Middle, Typical and Weighted. (Middle is set by default).
Multiplier is smoothed second line.

Universum

Administrator — Thu, 15 Sep 2011 00:48:16 GMT

Universum strategy

The Strategy opens Buy positions on each new candle when DeMarker value > 0,5 and Sells on each new candle when DeMarker value <= 0,5.

Positions are closed by stops and limits.

Each time position is closed with profit, strategy increases the number of lots for new positions. Each time position is closed with loss, the number of lots is reset to 1.

Ultimate

Administrator — Fri, 02 Sep 2011 04:25:12 GMT

Ultimate

Author: Electro

This strategy is based on this indicator and exponential moving average. If both signals work at the same time, I open the position.

First, this strategy looks for the divergences (a minimum/maximum on the price chart is not supported by a minimum/maximum of the Ultimate Oscillator).Second, it checks if the indicator was above/below a specific level and started falling/rising. Some people believe that this indicator shows only the overbought/oversold levels, but the logic that was used is more complex.

NOTE: Ultimate Oscillator indicator should be manually added for the strategy to work correctly. It can be found by link: http://www.actfx.com/Download50056.aspx

Accelerator/Decelerator Strategy (NFA)

Administrator — Wed, 24 Aug 2011 22:51:22 GMT

Usage of the Accelerator/Decelerator Indicator

The Accelerator/Decelerator Indicator measures the acceleration of the factors that cause the price changes. Therefore it outstrips the price, and it is a good anticipatory sign. If the acceleration decreases, it is very likely that the price will move in the opposite direction. Crossing the zero level is not a signal to open a position, however, the color change can be used as a sign.
In a strategy, the simplest way to use the indicator is to open a buy position if the indicator is above the zero level and changes its color, and to open a sell position if the indicator changes its color below the zero level.

Accelerator/Decelerator Strategy

Administrator — Wed, 24 Aug 2011 22:51:17 GMT

Usage of the Accelerator/Decelerator Indicator

The Accelerator/Decelerator Indicator measures the acceleration of the factors that cause the price changes. Therefore it outstrips the price, and it is a good anticipatory sign. If the acceleration decreases, it is very likely that the price will move in the opposite direction. Crossing the zero level is not a signal to open a position, however, the color change can be used as a sign.
In a strategy, the simplest way to use the indicator is to open a buy position if the indicator is above the zero level and changes its color, and to open a sell position if the indicator changes its color below the zero level.

RAVI strategy

Administrator — Wed, 17 Aug 2011 06:24:39 GMT

RAVI strategy

Idea author: Barbos

This strategy uses RAVI indicator.

If RAVI has been rising for the last 2 candles – buy position will be created with Trailing Stop. If RAVI has been falling for the last 2 candles - strategy will close buy position.

For the sell position the above conditions work vice versa.

The size of the Trailing Stop can be setup at the start of the strategy.

FractalShift (NFA)

Administrator — Wed, 10 Aug 2011 08:02:13 GMT

FractalShift for NFA

This strategy uses Fractal indicator

For buy orders: this strategy creates one entry order ([shift] pips distance in the positive side and [shift]pips distance in the negative side). If the order isn't executed and new fractal is created then the strategy moves the order on [shift] side.

For sell orders is vice versa.

BB partional close

Administrator — Mon, 01 Aug 2011 05:45:07 GMT

BB partional close strategy

This strategy uses Bollinger Bands (BB) indicator. It operates only with one position.

According to the “B/S position” settings at the start it opens Buy (“B”) or Sell (“S”) position.

If “B/S position” is “B” then

The stop order will be added to the position at the minimal price for the last [Number of candles] candle (Started from “Start Candle” till the latest one).
If the price crosses the middle BB line or TopGraph BB line upward then half of the position will be closed. The Stop price will be modified into current instrument Sell price.

If “B/S position” is “S” then

The stop order will be added to the position at the maximum price for the last [Number of candles] candle (Started from “Start Candle” till the latest one).
If the price crosses the middle BB line or BottomGraph BB line downward then half of the position will be closed. The Stop price will be modified into current instrument Buy price.

MACD+MAs2

Administrator — Fri, 08 Jul 2011 04:03:27 GMT

MACD+MAs2 strategy

Authors: Black, Raposa

Strategy is based on 3 indicators:
MACD with parameters: 2,17,8
Exponential Moving Average (EMA1) with period 4
Exponential Moving Average (EMA2) with period 8

Buy position opens under following conditions:
If MACD graph is higher or equal to MACD Signal Line, and EMA 1 crosses EMA 2 from below.

Sell position opens under following conditions:
If MACD graph is lower or equal to MACD Signal Line, and EMA 1 crosses EMA 2 from above.

Moving Average Full

Administrator — Mon, 04 Jul 2011 03:28:57 GMT

Full Moving Average

Full version of the Moving Average indicator. With parameters High, Low, Open, Close and other standard well known parameters.

Inside Bar

Administrator — Wed, 22 Jun 2011 03:15:17 GMT

Inside Bar indicator

Inside Bar is a reversal chart pattern that forms when the current candle is fully within the range of the previous candle. Inside Bar indicates the balance between buyers and sellers that happens after a sharp up or down move. Sometimes it is followed by the trend reversal.

Inside Bar indicator is created on the selected period [Number Of Bars] where minimum [Min Length] -1 candles have higher low and lower high than the first candle in the group.

Inside Bar can be a Bullish or Bearish signal depending on the preceding trend direction. If the market moved up before the Inside Bar formation, then this pattern gives a signal to open Sell position or close Buy position. And vice versa: if the market moved down before the Inside Bar formation, then this pattern gives a signal to open Buy position or close Sell position.

It is recommended to use additional fundamental data or technical analysis to confirm the signal of Inside Bar indicator. For example, defining support and resistance levels would help you make right trading decisions.

FirstCandleInHour

Administrator — Fri, 17 Jun 2011 04:42:08 GMT

FirstCandleInHour strategy

This strategy is used mostly on 5min chart. The strategy analyzes the first candle in the current hour.
If the close value of the last closed candle is bigger than the high value of the first candle in the current hour, then the strategy opens a buy position.
If the close value of the last closed candle is smaller than the low value of the first candle in the current hour, then the strategy opens a sell position.

Channel indicator

Administrator — Wed, 25 May 2011 00:52:07 GMT

Channel indicator

Standard channel indicator with possibility to select the type of price

Martingale

Administrator — Wed, 11 May 2011 04:52:24 GMT

Martingale strategy

Strategy is based on Stochastic indicator
Buy positions are opened when Stochastic K > D and D > ZoneBuy
Sell positions are opened when Stochastic K < D and D < ZoneSell
(ZoneBuy and ZoneSell are parameters)

If price goes in an opposite direction by Step(parameter) pips then strategy opens additional position with number of lots in initial position multiplied by mult(parameter).

Profitable positions are closed when price goes to last position's open rate +/- proffactor(parameter)*number of trades

Trading is performed only while Usable margin is >= Balance/2

jMaster strategy

Administrator — Fri, 29 Apr 2011 06:27:04 GMT

jMaster strategy

jMaster is a strategy based on RSX indicator of 2 timeframes

BUY position is opened when RSX on smaller timeframe becomes > 30 while RSX on bigger interval is < 50
SELL position is opened when RSX on smaller timeframe becomes < 70 while RSX on bigger interval is > 50

If decrease factor is >0, then number of lots in the next positions is calculated as Lots-Lots*(Losing positions)/decrease factor
Number of Lots is calculated as Account.Balance*MaximumRisk/1000

NOTE: this strategy uses custom indicator RSX that can be downloaded here: http://www.actfx.com/Download50268.aspx

RSX indicator

Administrator — Fri, 29 Apr 2011 06:22:04 GMT

RSX indicator

RSX indicator is a "smoothed" version of popular RSI technical indicator, but RSX is almost "noise free" and without lags

A_System_(Championship_edition)

Administrator — Tue, 26 Apr 2011 05:26:13 GMT

A_System_(Championship_edition)

Strategy opens positions when

Buy: last Close > (last High + last Low) / 2 AND Current Ask > last High

Sell: Close > (last High + last Low) / 2 AND Current Bid < last Low

Positions are opened with Limit in (last High - last Low) distance and Stops are set at distance of (last High of the second timeframe - last Low of the second timeframe)
On each step strategy trails stop if needed and tries to close position if it's NetPL falls down on preset % below maximum PL of this position
Only 1 position can be open at the same time. Position can be partly hedged if price gets too close to Stop price and opposite to position buy/sell signal appears.

EMAs cross Strategy

Administrator — Mon, 25 Apr 2011 05:51:20 GMT

EMAs cross Strategy

Author: analyst

This strategy uses two Exponential Moving Averages (with periods 5 and 12 by default). When the first moving crosses the second moving upwards, the strategy opens a buy position. When the first moving crosses the other moving downwards, it closes the buy position. and opens a sell position. No other exit points (stops/limits) are used. If there is a need to change the color of one of lines, of the Movings Type, this is possible in strategy settings, before it starts running.

Lilith goes to Hollywood

Administrator — Fri, 22 Apr 2011 08:28:01 GMT

Lilith goes to Hollywood strategy

The Strategy is based on Parabolic SAR indicator. It gets two levels and trades between them. These levels can be defined automatically by "Anchor" parameter (distance form current price). Or that levels can be set manually.
Positions are closed once target profit is reached (defined by "Amount" parameter). Positions are hedged once NetPL decreases below the level defined as Balance*RiskPercent/100. You can also use the increase factor for number of lots in hedging positions ("xFactor" parameter).

MasterMind Champ

Administrator — Wed, 13 Apr 2011 23:49:38 GMT

MasterMind Champ strategy

Strategy uses William's Percent Range indicator with periods 26,27,29,30.
When all 4 indicators are -0.01 a SELL position is opened and all BUY positions are closed.
Also strategy includes logging system and risk management elements that control number of lots to open.

Psycho Advisor

Administrator — Wed, 13 Apr 2011 04:44:45 GMT

Psycho Advisor

Author: frad

This script does not only plot an indicator in the chart. It also sends a sound alert and displays a message when the indicator intersects the level.
The indicator uses the following formula:
(Number of uprising candles over the time period)/(time period)*100
Therefore, if there has been an uptrend over the period, the indicator goes up. If there has been a downtrend, the indicator goes down. 12 is a good period to use, as this period is long enough to diagnose the overbought/oversold market.
The indicator gives a signal to buy when it falls below 25. When Psycho rises above 75, it gives a signal to sell. The level lines are plotted in the chart automatically.
Please do not forget to replace the path to the sound file with your own one.

UpDownBars

Administrator — Wed, 13 Apr 2011 04:43:45 GMT

UpDownBars

Author: HvN

What the indicator is supposed to do is check each bar and if the bar opened in the top third and closed in the bottom third of the bar, it gets flagged as a "down bar", or vice versa for an "up bar". I'm currently flagging the bars using a point graph that adds a point at the top and bottom of the flagged bar, with different colors for the up and down bars.

Stochastic 100, 30, 10, 5

Administrator — Wed, 13 Apr 2011 04:42:20 GMT

Stochastic 100, 30, 10, 5

Author: Peter Pan

Modification of the Stochastic indicator.

Show vertical

Administrator — Wed, 13 Apr 2011 04:41:36 GMT

Show vertical

Author: Analyst

This indicator displays a vertical line at the current time

View discussion about this indicator here: Forum's topic