340025 forex software
This project was awarded to staunchit for $8075 USD.Get free quotes for a project like this
Browse Related Skills
Other things people do on Freelancer
in regards to the Forex software...
The type of software I'm looking for would be very similar to the software you can find at this website [url removed, login to view]
We want it to visually be as eye catching and also the functionality to be similar.... obviously we want it to work in a very sim ilar fashion as the premiere trade's AI Wizard
I find Fibonacci to be a great indicator and also Elliott Wave... Maybe we could look at incorporating these indicators into our background and then as the indicators do their job it will display it on the user interface in an easy chart or line or even something as simple as green-buy.. Red-sell.... and yellow-wait... this will resemble what the AI Wizard looks like at the premier trade website above
So basically we would want it to have an application similar to the AI WIzard that premiere trade has... Something very simple like buying the currency once it has broken through the price line (yellow) into the green, or selling when the currency goes into the red. We can use different colours of course.
How we can detect whether or not it is appropriate for the price line to be in either green or red is because we will use indicators such as moving averages and Fibonacci.... We also like elliot wave as i mentioned earlier... Indicators for forex are absolutely free on the internet and so are different trading strategies. We will get one that has a consistent performance and then incorporate that into the background of our version of the AI Wizard.. So all the client sees is the line going into the green or red but really the software will be doing a lot of calculations based on the indicators we set in the background. If this is starting to get a little confusing just look at the premiere trade software and it should make sense... they have a lot of videos on their website which show the functionality of their software
In regards to the functionality of the AI Wizard... it seems that the strategy they teach is to firstly check what way the market is trending over 4 different time frames.... they use the 4 entry signal charts for this. I'm wondering if you would know what type of formulas they would use to detect what way the market is trending, and then have that work over all the different chart timeframes?
They also then get you to check the AI Wizard screen for 2 of the 3 indicators to be working in your favour (this is all shown in the 3 videos we sent you a link for). So the 3 indicators are...
So long as 2 of the 3 are pointing in your direction and 4 time frames on the entry signal screen are all trending in the same direction, you pretty much have a trade. This is what they teach as a conservative strategy... they have a few other indicators that are needed which is shown in the video. I suppose that what I am getting at is do you know or can you get, the formulas for detecting things like the buying pressure, volatility, and momentum of the markets?
I know that they are nothing new in forex and are available online somewhere but we dont have them and we wondering if you have them or if you can get them. Once we have things like that we can then teach similar conservative strategies like premiere trade... we can then also offer more like the EA's and other strategies that we already have.
Obviously we wont call it momentum, volatility and buying pressure, because their will probably be issues with copyright... We will call it something else and instead of having it laid out like they do, we will use something that looks like a speedometer in a car.
I think that the actual AI Wizard is similar to a moving average of some sorts... we are going to look into this more and try to find out what it is that they use and get back to you... Alternatively if you have some ideas of what the AI Wizard is doing we would be glad to hear it.
The whole idea of what we want to do is have something very basic for our new clients to come to grip with quick. So having something like checking that 2,3 or 4 entry signal charts are all trending the same way and that 2 or 3 of the 3 indicators are all pointing your way... and then checking our version of the Wizard to make sure that it is in the green (or whatever colour we choose) if we are going long an in the red if we are going short, will make it very easy for our new clients.... Then once they get used to that simple strategy, we can then introduce them to other strategys and the EA's....
We would also like a feature incorporated in at the first stage to allow the client to choose to buy or sell currencys. Like a "Trade Now" button... From here the software will bring us to our white label of either FXCM's or FXDD's platform... You can request an API from either of these guys or grab one online.... these brokers also support automated trading and moblie trading. On these platforms it will keep track of trades and let you know how much is in your account ect.. their website is [url removed, login to view] and www.fxcm.com... These guys are the brokers who accept the clients trade which will be placed from our software...
FXDD and FXCM are designed to support software like what we will have. in fact I think premiere trade use FXDD... I have been in touch with both companies and have not yet decided which one to go with... Maybe after you look into both you will be able to tell me which one will be the easiest to integrate with. FXCM has the best looking platform in my opinion.
I would also want a feature within the software where our clients can click on for training. in here i can populate with lots videos and tutorials that I have in our archive. If this cannot be done then i can host them in a members lounge through our website...
I would also want a feature where my clients can access charts for all the currency pairs... From 1 min charts right up to a monthly chart.... this is standard in all forex software and you will get this from the brokers....
If you take a look at the AI Software you will see most of these features and it will give you a good idea of how I would like it laid out.
What might be an idea is to ask for a demo of premiere trades AI software or a one month trial and I can talk you through everything I'm looking for over the phone...
i have also attached some screen shots of their software for you to perusal... i have given a bit of an explanation below each screen shot... hope it helps to get an understanding of what i want....
below are a couple of links with some basic and advanced trading Strategies. These are from just one website and there are thousands out their if none of these can be used with what were building. These strategies are what make the software predict which way the market may move
[url removed, login to view]
The one above is a basic system.. if you have questions please ask, although it does have a Q and A section below each system....
[url removed, login to view]
the one above is an advanced fibbonaci one...
[url removed, login to view]
their are heaps of systems on this website... I can trawl through them for you and come up with an easy system for you to apply... i suppose we will have to chat to see what you will need system wise to make this work.
Id like the software to be built in such a way that we can plug in new strategies at any time and then back test them over say the last two years of data (we get this data from the broker ,fxdd or fxcm) to see if they are good enough to give to our clients to trade with.....
Looking to make some money?
- Set your budget and the timeframe
- Outline your proposal
- Get paid for your work
Hire Freelancers who also bid on this project
Looking for work?
Work on projects like this and make money from home!Sign Up Now
- The New York Times
- Wall Street Journal
- Times Online