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Digg it UP - 5 Questions You Need To Have Answered Before You Back-Test Your Forex System
Take The Low Hanging Search Engine Fruit Millions of Web sites are elbowing each other every day for search engine position. Many of them belong to big businesses with big marketing budgets. How do you compete with that? By grabbing some of the lower hanging search engine fruit they're too big and busy to notice. Our company, Visionefx, is located in Virginia Beach, Virginia and helps businesses in all Hampton Roads cities to rank high among major search engines. One of our methods is to collect quality content for our clients' Web sites. The content can be regional or local, and we recommend using as much as you can. If you sell lady's jewelry, talk about local jewelry
Over the years internet marketing has been evolving from the Efforts of the first marketers. Trends in the past have seen marketers placed ads on talk forums, classified sites, in emails and where ever they could find potential customers.Some of these actions led to the introduction of changes from Within the internet marketing community and from without. An example of a change from within the community is the banning Of ads on all forums and relegating them to only the signature file.An example of a change from outside the community it the Can Spam Law, which was introduced by the USA government to prevent the sending Of unsolicited emails. This has done much to re
Let us jump right in...
1. What data type are you using (or going to use)?
I know this sounds strange, especially if you have experience from another market such as stocks as their generally is only one type of data source available. However, in the forex market you can have up to 4 different data types: bid, ask, mid and indicative. Each have their own little nuances.
If you would like to know more about the data types then visit the article written about the perils of indicative prices. As this will save me from having to repeat the information again and boring those who've already read it.
So, if you know you have indicative prices then you know you're in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact same amount as the spread your broke
Business leaders today at all levels in organisations are facing more stresses and tasks than at any time in the past. Even though we have more tools at our disposal to manage these tasks we are also bombarded with more information and data to process than ever before. In this environment it is all too easy for leaders to make mistakes and in most instances staff are patient and forgiving of these honest slips.However, there is one area where staff are not willing to compromise. This is the area of management versus leadership. Under stress we may forget that there are times to lead and times to manage, and slip into management mode when dealing with our teams.If you or your team a
If you would like to know more about the data types then visit the article written about the perils of indicative prices. As this will save me from having to repeat the information again and boring those who've already read it.
So, if you know you have indicative prices then you know you're in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact same amount as the spread your brok
Last March, after months of creative effort, the American Association of University Women (AAUW) launched the organization's first ever online museum. The online exhibits, organized in four main wings, feature the history and accomplishments of the organization, which for over 123 years has promoted equal rights and access to education for women and girls.In this Getting Attention exclusive interview, AAUW Director of Communications Ashley Carr outlines why the online museum was crafted and the marketing and communications benefits it brings to AAUW.Getting Attention: Why did you launch an online museum and why now? What marketing challenge were you trying to solve
So, if you know you have indicative prices then you know you're in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact same amount as the spread your brok
The first thing you need to do when setting up a web site is to register a domain name. A domain is the familiar "something.com" (the www is not part of the domain name).Your domain name is a pointer to the actual IP address of your website. They're used because they're a lot easier for people to remember than a bunch of numbers would be.Every website has an IP address, which is a number like 123.456.78.9. The domain name system (aka DNS) translates between those numbered addresses and the corresponding domain names.Each domain on the internet is registered with a central registry handled by a group called InterNIC which is a subsidiary of ICANN - the organization that certi
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact same amount as the spread your brok
Autologica presents the third part in a series of articles that address common problems and issues faced by family-owned businesses, based on an interview between Al McClymont, CEO of Autologica Dealer Management Systems, and J.C. Aimetta, an expert and coach who specializes in family-owned businesses.Al McClymont: It seems obvious that in every family-owned business there will be members that will work in the company, and members that choose not to. How can the interests of family members that work in the company and family members who do not work there, be reconciled?J.C. Aimetta: Well, first of all, it is necessary to understand that the family members who work in
This leads me into the next most important question...
2. What spread is your broker offering on the currencies you are bask-testing?
You need to know this as this can help you set your slippage settings on each currency.
As our example in question 1 pointed out. We found that our buy at the day's high method did not exactly work because we bought at the BID PRICE high, not the ASK PRICE high - the price that we need when we place our order TO BUY.
Therefore, we enter in a slippage setting representing the spread that would be exhibited by this trade on this currency.
But knowing at what price to buy is only half the problem... how do we know what quantity to buy?
3. What margin does your broker offer?
If we know at what price to buy our currency at we need to inform our broker on what quantity to buy to fulfill the order. We only know what quantity to buy by the margin that the brokerage firm offers.
Most brokerage firms offer 100:1 leverage, however, some firms offer mini accounts with 200:1 leverage, others only 50:1 leverage.
Find out the margin required.
4. What restrictions does your broker impose?
Now, I don't just mean margin and spread restrictions as I have mentioned above. These are important in their o
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