Trend Range Pro uses night and intraday scalping with the implementation of grid orders. The EA is available at the MQL 5 marketplace for an asking price of $195. There are multiple settings within the algorithm's code that traders can access from the input panel and tweak the robot. Let us see if the strategy used by the expert advisor is worthy of use on our live … [Read more...] about True Range Pro Review
Inflation Reaches 3.2% In the EU in August, Higher Than 3.0% In the Euro Area
Source: Eurostat The European Union posted an annual inflation of 3.2% in August, a jump from 2.5% in July. The inflation in the euro area was 3.0%, a gain from 2.2% in July. DAX is up +0.24%, EURUSD is up +0.10%. Fig: Annual Inflation Rates in August Malta, Greece, and Portugal posted the lowest annual inflation rates at 0.4%, 1.2%, and 1.3%, respectively. … [Read more...] about Inflation Reaches 3.2% In the EU in August, Higher Than 3.0% In the Euro Area
A Guide to Quantitative Trading
Quantitative trading is a market approach based on employing mathematical and statistical models in order to detect possible opportunities for profitability. The decision as to whether or not to execute them is left to the discretion of the investors. It is often referred to as 'quant trading' or just 'quanting' sometimes. How does quantitative trading work? Prices and … [Read more...] about A Guide to Quantitative Trading
NZDUSD Forecast as Strong GDP Data Point to a Hawkish RBNZ
The NZDUSD price held steady after the relatively strong New Zealand GDP data published on Thursday. The pair is trading at 0.7115, which is a few pips below this month’s high of 0.7170. New Zealand GDP data The New Zealand economy outperformed expectations in the second quarter as the country continued to open up. According to the country’s statistics agency, the economy … [Read more...] about NZDUSD Forecast as Strong GDP Data Point to a Hawkish RBNZ
Jobless Claims Rise by 20,000 as Hurricane Ida Complicates Labor Market Recoveries
Source: Department of Labor US jobless claims reached 332,000 in the week that ended September 11 after a jump of 20,000 from the previous week. SPY is down -0.52%, DXY is up +0.51%. Fig: US Initial Claims The claims increase reflected devastation by Hurricane Ida which shut down production in the Gulf Coast and several other areas.The claims shed only 4,250 to reach … [Read more...] about Jobless Claims Rise by 20,000 as Hurricane Ida Complicates Labor Market Recoveries
