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.

Detrended Price Oscillator Indicator (DPO) – Definition and Examples

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What is the DPO indicator?

The Detrended Price Oscillator, also known by its acronym DPO, is an indicator used in technical analysis which is designed to provide information on the price of an asset taking into account market fluctuations in the short-term but no in broader movements in the medium and the long term. This indicator eliminates the effect of the market movement trend. This simplifies the process of determining cycles and overbought / oversold levels.

In other words, we can say that the DPO does not take into account the price trend and focuses on fluctuations in the trend. The Detrended Price Oscillator is calculated by subtracting from the current closing price the value of the simple moving average of n days or periods. n (the period for the moving average) is calculated by dividing the period chosen between two and adding one.

For example, the calculation of the DPO (20) in a daily chart is the following:

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Trading System Pure

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This trading system seems to be relatively profitable because it quickly stops the losing trades and let the winning trades run, ie the ideal of all profitable trading systems. As with any strategy is very important to have discipline and follow the rules to the letter, not “hunches” or anything similar. The first thing we will do is set the graphic settings as follows: 1 … Read more

Harmonic Pattern Crab

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We continue with the harmonic patterns, which usually indicate potential reversal zones in the market price, although as always, ideally it is better to confirm their signals with other technical tools. Today we will see the Crab pattern. It could be said that within the harmonic patterns is one of the favorites among investors due to its effectiveness or reliability … Read more

Social trading platform CopyFX of RoboForex

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The Forex broker RoboForex has joined the list of companies offering social trading solutions to its customers, specifically copy trading, through a new service called CopyFX, which allows follow and copy the transactions made ​​by other traders who trade in the Forex market with this broker.

The CopyFX service offers the customers of RoboForex the possibility not only to simplify the negotiation process and reduce the risks, but also additional benefits for their experience and skills to predict the behavior of markets, in the case of the more experienced traders.

In CopyFX system, every customer can choose from the following variants:

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Producer Price Index Indicator

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  General Definition The Producer Price Index-PPI indicator is a weighted index of average prices in the wholesale market, or in the manufacturing sector. This is a monthly figure, which always refers to the previous month in which the “Bureau of Labor Statistics” issued the report. This information is published between the second and third week.   The PPI shows trends in … Read more

RoboForex broker offers an online trading platform

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The Forex and CFD broker RoboForex now offers an online trading platform (web-based) called WebTrader, which is designed to trade with currency pairs (Forex) and precious metals through a simple and user-friendly interface. The biggest advantage of this application is that it can be accessed from anywhere with an Internet connection (via the website of RoboForex) and requires no download or install any additional software.

Webtrader gives the trader the ability to trade successfully and safely in the financial markets through any web browser and operating system. It also allows the trader to access their MT4 trading accounts with just a few clicks of the mouse. As indicated above, all that is required is Internet access.

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RoboForex Affiliate Program

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The Forex broker RoboForex has implemented a multi-level affiliate program (several levels of referrals) in order to promote its services and acquire new customers who open an account through affiliates. For these members, the program offers a range of advertising tools based entirely on the Internet. Thanks to these resources and the payment plans offered by RoboForex, this program is an … Read more

Demo Trading Contest of the Broker RoboForex

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The Forex and CFD broker RoboForex, has implemented a trading contest for demo accounts with cash prizes for the winners. This competition of 1 month rewards the traders who obtain the higher incomes upon completion of each round. Therefore, it is a good opportunity for beginners and experienced traders who wish to evaluate their trading strategies without risking capital in the process, and both are interested in earning real money.

This contest has an annual award fund of 39,000 USD.

Tournament Period: This contest has ended. Currently RoboForex no longer organizes this trading tournament.

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