rcanessa

I am Raúl Canessa, the founder of Forexdominion.com. As an experienced Forex trader, my passion for investing and algorithmic trading has shaped my professional journey. Over the years, I have dedicated myself to refining my skills in the financial markets, allowing me to share my knowledge and insights through my platform. I am committed to helping others understand the world of trading and develop effective strategies for success in this exciting field.

Indicator of Balance of Forces Between Buyers and Sellers in All Time Frames for MT4

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In this article we are going to explain a modified indicator for Metatrader 4, which measures the balance of forces between buyers and sellers for each time frame, from M1 to D1, in the form of red and green histograms. This indicator is called Strength Candles, and for each time frame it shows the ratio between buyers and sellers in a range from 0 to 100%. It can be used primarily to determine the strength of the current trend.

The Strength Candles show the total balance between the buying and selling forces in percentage terms. This strength indicator does not use typical indicators such as RSI or moving averages, therefore the information is provided without any delay.

It is not an indicator that provides entry and exit signals like others. Its function is simply to inform about the balance between the forces in the market for different time frames.

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Fractal Adaptive Moving Average (FRAMA)

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The Fractal Adaptive Moving Average (FRAMA) is an adaptive and intelligent moving average developed by John Ehlers. It takes into account and gives higher priority precisely to price changes and closely follows the price when it shows significant movements, while in range markets it remains flat without presenting major changes. It uses the fractal dimension of market prices to dynamically adjust its smoothing period. 

FRAMA takes advantage of the fact that markets are fractals and dynamically adjusts the look-back period based on this fractal geometry. The actual calculation of this moving average is very elaborate and complicated. FRAMA is often used in combination with other signals and analysis techniques.

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What is the hash rate and how does it influence bitcoin mining

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Bitcoin hash rate

Bitcoin hash rate

The hash rate is one of the most important concepts in bitcoin mining, surely this has been one of the first definitions that you have come across when you have investigated a little more about the mining process.

What is the hash rate and how does it influence bitcoin mining? The hash rate is the mining power that is available to process data and find the solution to the mathematical problems that keep cryptocurrencies encrypted. Thus, the hash rate refers to the speed or time it takes a miner to do the mathematical calculations to solve blocks within the blockchain.

The hash rate is essential, as it has a great influence on the security and sustainability of the Bitcoin network. Likewise, the miners’ earnings depend on the hash rate, since the higher the power, the more blocks are mined.

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FBS Adds New Shares to its List of Instruments

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The broker FBS has announced the expansion of its list of trading instruments that includes the addition of new stocks from UK markets, which increases the opportunities for traders who want to access other markets besides Forex. In total, 30 new stocks have been added for trading, giving the investor the opportunity to further diversify an investment portfolio and earn more returns in other markets. The new shares are listed on the London Stock Exchange (LSE).

They are available for trading from 16:00 to 24:00 GMT time. At the moment, the trader will only be able to trade with these instruments on the Metatrader 5 platform, an improved version of Metatrader 4.

You can find more information about the online broker FBS and its Forex and CFD brokerage services in the following guide about this company: FBS Broker Review

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Citibank creates special unit to offer bitcoin and cryptocurrency services

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Bitcoin and gold forecast
  • Although no details were given yet, NFTs, stablecoins and CBDC would also be included.
  • Bank executives say there is increasing interest from customers

Citibank announced that it will launch a cryptocurrency and digital asset service for some of its clients. It will be called the Digital Assets Group and will operate under the Wealth Management Division.

This new service will include, in addition to the main cryptocurrencies, non-fungible tokens (NFT), stablecoins and central bank digital currencies (CBDC). The criteria for choosing the customers who can access this service have not yet been reported.

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Renko Chart Indicator for Metatrader 4

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Renko chart MT4

The MT4 platform is undoubtedly one of the most popular trading platforms among retail traders who regularly trade Forex, CFDs, and precious metals. Despite the popularity and numerous reviews of the MT4 platform, there has been little to no improvement when it comes to including other types of charts. In its current version, Metatrader only offers the classic types of price charts, that is: bar charts, japanese candlestick charts, and line charts.

Although MT4 has shown some lag in terms of chart type innovation, thanks to the large ecosystem of developers who specialize in the MT4 platform, various Renko indicators have been produced that can convert existing chart types to Renko charts.

In this article we are going to take a look at the RenkoLiveChart_v3.0 indicator which is available free of cost, indicating its advantages and disadvantages.

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Intraday Trading System Using Moving Averages and Stochastic

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15 minutes intraday trading system

This  is quite simple intraday trading system for 15 minutes candlestick charts which is based on exponential moving averages (EMA) and the stochastic oscillator. The rules of this strategy are very simple as we shall see below: This trading system is specifically designed for intraday trading. For this reason all open positions using this technique should be closed at the … Read more

How to avoid a tragedy in Zulutrade?

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Signal provider Zulutrade

Zulutrade is one of the largest suppliers of automated Forex trading services which allows trading in the Forex market through trading signals generated by real traders. For many traders, Zulutrade offers an important opportunity to invest in this market, however, it is necessary to implement a number of precautions to prevent these signals end up destroying the trading capital generated by the investor because not all signal providers (traders) are adequate.

Because not all traders registered as signals providers in Zulutrade are professionals and experienced, we must choose only the best. To this end, the company has published a basic guide to avoiding unnecessary losses with its services.

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Gold is losing its reign as a store of value against bitcoin

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Gold price vs BTC price
  • So far this year BTC has advanced 81% while gold has fallen 7.7%.
  • Large investors are shifting their positions in gold to investments in bitcoin.

As bitcoin continues in an upward cycle, which has intensified in this year 2021, its position against gold as a store of value asset strengthens. The precious metal has fallen 14% since it reached its historical maximum of USD 2,071 an ounce, at the beginning of August 2020, as this Monday, February 22, it registered a price of USD 1,798 an ounce.

In the same period of six and a half months, since the historical high of gold on August 7, a fact reported by ForexDominion, the price of BTC has appreciated 360%, going from USD 11,564 to USD 53,429.

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