Saturday, August 25, 2012

Multicharts Daily Report 20th Aug 2012 Russell TF Futures



If you trade the S&P 500 Emini Futures, or trade the Nasdaq, Dow Jones, Rusell mini futures, or if you trade Forex and Crude Oil you need to check out www.sceeto.com for one of the worlds most advanced indicators. A no obligation Free Trial is availible.www.sceeto.com

Multicharts Daily Report 20th Aug 2012 Russell TF Futures.Free Binary Options Signals . http://www.sceeto.com http://www.binaryforecast.com Sceeto gave some great signals today. If you look at the bottom indicator Macdaddy because it's the Macdaddy of all indicators you'll see that it caught some great moves again today. Can you afford not to try Sceeto and Binary Forecast....free trial for sceeto http://sceeto.com and free demonstration / signals for trend suitable for binarys at http://www.binaryforecast.com
These signals are ideal for spreadbetting, or the normal points based or pips based system as well as trading Binary Options. They are real time signals and don't lag so a lot of time you'll know before the market moves in advance....because they are real time you'll always at least get the moves and signals as they happen and not after like most indicators give you signals afterwards.



text courtesy of Wikepedia Creative Commons
MultiCharts is a Windows-based application which is designed, sold and distributed by MultiCharts, LLC. The company is based in Columbus, Ohio, in the United States. [1] MultiCharts is an automated trading platform and technical analysis software for analyzing the financial markets and performing trade execution. It uses a proprietary programming language called Power Language.
The following are the most common features of technical analysis applications. Some software may focus on only one aspect (say back testing) and the combination of more than one software package is often required to build a fully automated trading system.
[edit]Charting
A graphical interface that presents price, volume and technical analysis indicators through a variety of visual interfaces such as line, bar, candlestick and open-high-low-close (OHLC) charts. The chart data is presented as a time series and users typically have the ability to view historical data with varying interval (sampling) periods. Interval periods range from seconds through to months; short term traders tend to use frequent interval periods, such as 1 minute i.e. the price data is updated every 1 minute, whereas longer term traders tend to use daily, weekly or monthly interval periods when trying to identify price and technical analysis trends. Some charting packages enable users to draw support and resistance trend line or for example Fibonacci retracements to help establish trending patterns.
[edit]Back testing
Enables traders to test technical analysis investment timing strategies against historical price movement for one or more specific securities. Strategies are compared to each other using diverse performance measurements such as maximum drawdown, annual profit and Sharpe ratio. The objective is to try and develop a trading strategy based on technical analysis indicator criteria, which will generate a positive return. This concept was computerized and introduced to traders by Louis B. Mendelsohn in 1983 with his ProfitTaker Futures Trading Software (see August 2010 issue of Stocks, Futures & Options Magazine).
[edit]Optimization
A process of testing technical analysis indicator parameters, with the view to developing an investment strategy that generates the maximum return based on historical price movement. The optimization process is achieved through the fine-tuning of the associated technical analysis charting parameters. Typically technical analysis indicators have a range of parameters that can be adjusted, such as the interval period and the technical analysis indicator variables. For example the stochastic indicator has four parameters that effect its results: %k, %d, slowing period, interval period. Optimization must be performed carefully to avoid curve fitting. Back testing of an over-optimized system will perform real-time. One way to diminish over-optimization is by carrying out optimization on historical data and then performing future testing (sometimes referred to as 'out of sample') before making a final evaluation of a trading strategy.
[edit]Scanner
Scanners enable users to 'scan' the market, be it stocks, options, currencies etc., to identify investment opportunities that meet a user's specific investment criteria. Using a technical analysis scanner, a user could, for example, scan the market to identify oversold stocks that have stochastic and RSI value of less than 20% and 30 respectively.