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Strategic methods for automated trading in Forex

Authors: Rui Maciel Casanova Pinto; João Carlos Marques Silva;

Strategic methods for automated trading in Forex

Abstract

This study focuses on the negotiation in the financial markets, specifically in programming an algorithm to trade automatically (without human intervention) in the foreign exchange market (Forex). The platform used in this study was the Meta Trader (version 5), which allows for this kind of negotiation. The main objective was to conclude about the effectiveness of anewly developed strategy for automatic negotiation. The developed strategies must have the ability to identify situations with lucrative potential based on several types of trading strategies used around the world. Methods were created based on technical and fundamental analysis as well as correlations. Fundamental analysis, in particular, is a novelty in this type of algorithms since, most part of the times, it is hard to quantify the information necessary to make decisions based on this type of analysis. Moreover, some other functions were developed in order to optimize the overall performance of the implemented strategies.1

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Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
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