Forex Pivot Points  License: Freeware
	Forex pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. They work simply because many individual forex traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market. Floor traders love pivot points. They act as magnet for price movements If you observe how price move during any trading session, you'll notice that price often stalls or stops at pivot points before resuming its movement. To calculate daily forex pivot points you need High, Low, and Close Price of the previous day. Simply set these three prices in the Forex Pivot Point Calculator and it will give the values. Here are the used formulas for calculating daily pivot points: P = (High + Low + Close) / 3; R1 = 2 * P – Low; R2 = P + (R1 - S1); R3 = High + 2 * (P - Low); S1 = 2 * P - High; S2 = P - (R1 - S1); S3 = Low – 2 * (High - P) As you can see from the above formula, just by having the previous day's high, low and close you eventually finish up with 7 points, 3 resistance levels, 3 support levels and the actual pivot point. If the market opens above the pivot point then the bias for the day is long trades. If the market opens below the pivot point then the bias for the day is for short trades. The three most important pivot points are R1, S1 and the actual pivot point. The general idea behind trading pivot points is to look for a reversal or break of R1 or S1. By the time the market reaches R2, R3 or S2, S3 the market will already be overbought or oversold and these levels should be used for exits rather than entries. Forex Pivot Points calculator is compatible with Microsoft Windows 98/Me/2000/XP/Vista. Net Framework v2 is required to run the program. Free to download, use and distribute - no registration is needed. Author: Forex Software| Date: 20-08-2008 | Size: 144 KB | Download
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	Forex Strategy Builder  License: Freeware
	Forex Strategy Builder is a complete solution for building and testing foreign exchange market trading strategies. It is free to use and distribute. Forex Strategy Builder's user friendly interface allows you to create and back test a profitable trading system with just a few clicks. Thanks to the program's automatic system generator you can successfully build a market strategy without having detailed technical analysis or programming skills. Using market rates dating back to the 1980s, Forex Strategy Builder immediately calculates statistics and creates charts for the whole trade. You can easily create and test complicated trading systems using a wide variety of indicators and logic allowing almost infinite combinations. The program also includes unique interpolation methods yielding reliable test results within each data bar. Forex Strategy Builder looks inside the current time frame using all shorter data periods to produce a realistic market back test. It also calculates the most profitable combination of parameters for the selected indicators, plots the average result balance between all possible market scenarios (while protecting the strategy from curve-fitting), shows the price fluctuation inside each bar, and recognizes all the ambiguous bars in the back test. In short, Forex Strategy Builder provides you with all you need to quickly perform an in-depth technical analysis. Once done, you can export your strategy to get feedback from other experienced investors. On the program's website you can find additional information, help articles and tutorials, as well as the source code of more than 80 indicators. You can learn more about the safety principles of back testing and use ideas and systems from the forum members. Forex Strategy Builder is compatible with Microsoft Windows 98/Me/2000/XP/Vista. Net Framework v2 is required to run the program. Free to download, use and distribute - no registration is needed. Author: Forex Software| Date: 04-09-2008 | Size: 2816 KB | Download
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