Journal of Stock & Forex Trading
Open Access

Department of Marketing, University of Science and Technology, Jashore, Bangladesh

Publications

• Commentary   
  Analyzing the Effectiveness of Confluence of Price Action Disciplines in Forex Market
  Author(s): Chhali Uddin*
  
  The purpose of this project is to systematically develop a sustainable and profitable trading strategy based on price action in the foreign exchange market. This study is looking for measuring the effectiveness of confluence of price action disciplines. Price action confluent levels provide the cleanest view of technical analysis in Forex market and help traders make subjective trading decisions based on the recent and past price movements instead of relying solely on technical indicators. In this paper, a trading strategy based on price action confluence is constructed and tested on 10 pairs from July 01, 2020 to 23rd December 2020. We used a 5,000 USD demo account to trade the pairs on the MT4 platform and a total 267 trades were placed during the test period. After collecting all the trading related data, we would calculate the profit and develop a profitable trading strategy. The .. View More»
  DOI: 10.4172/2168-9458.22.9.201

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