Comparison of selected trading strategies in the forex market

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A94569" target="_blank" >RIV/60460709:41110/23:94569 - isvavai.cz</a>

Výsledek na webu

<a href="https://ibimapublishing.com/communication-of-international-proceedings/" target="_blank" >https://ibimapublishing.com/communication-of-international-proceedings/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5171/2023.4116623" target="_blank" >10.5171/2023.4116623</a>

Jazyk výsledku

čeština

Název v původním jazyce

Comparison of selected trading strategies in the forex market

Popis výsledku v původním jazyce

This paper examines the possibilities of combining basic technical indicators, when selected combinations of technical indicators are tested using MetaTrader 4 software using demo accounts. The reason for the processing was the growing interest in the foreign exchange market. For the survey, 4 technical indicators were selected: simple moving average exponential moving average stochastic, and relative force index. The objective of this paper was to answer two research questions: What business strategy (i.e., what combination of technical indicators) will lead to the highest profitability? And - which day of the week is favorable for forex trading? The paper found that the combination of the technical indicator, the exponential moving average together with the Stochastic oscillator leads to the greatest profitability and that Tuesday is the most profitable day for the execution of trades. The recommendation for increasing profitability in this trading strategy is to study supports and resistances, and then set stop loss (SL) and take profit (TP) based on them.

Název v anglickém jazyce

Comparison of selected trading strategies in the forex market

Popis výsledku anglicky

This paper examines the possibilities of combining basic technical indicators, when selected combinations of technical indicators are tested using MetaTrader 4 software using demo accounts. The reason for the processing was the growing interest in the foreign exchange market. For the survey, 4 technical indicators were selected: simple moving average exponential moving average stochastic, and relative force index. The objective of this paper was to answer two research questions: What business strategy (i.e., what combination of technical indicators) will lead to the highest profitability? And - which day of the week is favorable for forex trading? The paper found that the combination of the technical indicator, the exponential moving average together with the Stochastic oscillator leads to the greatest profitability and that Tuesday is the most profitable day for the execution of trades. The recommendation for increasing profitability in this trading strategy is to study supports and resistances, and then set stop loss (SL) and take profit (TP) based on them.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

41st IBIMA Conference Proceedings

ISBN

979-8-9867719-2-2

ISSN

2994-2403

e-ISSN

2767-9640

Počet stran výsledku

9

Strana od-do

212-220

Název nakladatele

International Business information Management Association

Místo vydání

Granada Spain

Místo konání akce

Granada Spain

Datum konání akce

1. 1. 2023

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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