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how can use of volatility feature?

Jayesh Wala (jbwala)
Nov 28 2012 at 07:56
5 posts
hi,
how can use of volatility feature?
how it works?

David (RollingStones74)
Nov 28 2012 at 09:50
76 posts
Pairs with high volatility are more profitable for aggressive trading, cause difference in pips is big, and you can earn more. So in this way you should trade intro day.

If you want to end up with a nonaverage net worth, a “learn from someone else” attitude is paramount. Putting your ego aside and admitting that you don’t know it all isn’t easy, but it is the mindset of true winner ----Paul Tudor Jones.
brokersstaragent
Nov 28 2012 at 13:12
29 posts
Hi, Jayesh.

What do you mean by 'volatility feature?' Do you mean, how volatile the currency pairs are?

The Fine Art of Investment
Paladin
Nov 28 2012 at 16:38
8 posts
I guess he refers to the new Myfxbook volatility tool.
You can find it by clicking 'Market' in the menu bar.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. (Colin Powell)
Jayesh Wala (jbwala)
Nov 29 2012 at 07:22
5 posts
brokersstaragent posted:
Hi, Jayesh.

What do you mean by 'volatility feature?' Do you mean, how volatile the currency pairs are?


when i open page of volatility there two empty box for lower & higher.
i enter 5 in both box now results every currncy pair get two colors.
in perticular pair euro/usd two colors.so what action makes me profitable now with proper time frame?

Jayesh Wala (jbwala)
Nov 29 2012 at 07:22
5 posts
RollingStones74 posted:
Pairs with high volatility are more profitable for aggressive trading, cause difference in pips is big, and you can earn more. So in this way you should trade intro day.


thanks for reply.

when i open page of volatility there two empty box for lower & higher.
i enter 5 in both box now results every currncy pair get two colors.
in perticular pair euro/usd two colors.so what action makes me profitable now with proper time frame?
action means which color prefers to buy or sell?

Paladin
Nov 29 2012 at 13:03
8 posts
Pick the timeframe you usually trade in and look for the pair with the largest number; this indicates that this pair has had the biggest price movement in your timeframe, compared to the other pairs.
If you are comfortable with trading that specific pair, you have found your best opportunity to make a profit today ... if there is a valid setup for your system, that is.

Bear in mind, too, that higher volatility of course also means that your S/L may be hit sooner ... volatility (like applied leverage) works both ways.


Cheers,
P.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. (Colin Powell)
Trader Owen (cfxsignals)
Dec 02 2012 at 07:39
18 posts
Not really that useful = surely you can see the volatility when you look at the chart?

The only way to get smarter is by playing a smarter opponent
Paladin
Dec 02 2012 at 13:11
8 posts
cfxsignals posted:
Not really that useful = surely you can see the volatility when you look at the chart?


Sure you can ... but why identify range and then laboriously count pips on a chart, if this tool offers the info at a simple click? :)

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. (Colin Powell)
Mike Yap
mikeyap9
Dec 24 2012 at 18:43
65 posts
Tools outside of you trading platform are distractions and generally just cause more confusion. It is also tedious because you have to track them and somehow incorporate them to your trading strategy. There are built-in indicators that track volatility already such as ATR and STD.

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