Category: Python
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How to get alerts on Telegram
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Read more: How to get alerts on TelegramOne of the most important aspects of investing is the ability to stay informed the moment something happens. Most brokers offer alert mechanisms, typically for price changes, and also to receive daily news bulletins easily. But what if you’re looking for more customised information? For instance, something simple, such as receiving an alert when a…
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What Every Trader Should Know About Correlation (But Few Do)
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Read more: What Every Trader Should Know About Correlation (But Few Do)Correlation assesses the relationship between two variables, essentially showing whether they increase or decrease simultaneously. For example, in trading, a strong positive correlation between Apple and Microsoft means their price movements are generally in sync. On the other hand, assets such as the USD and Gold often demonstrate a negative correlation. Gold prices typically decline…
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Live Trading: Visualize Trades as They Happen Using WebSockets and Dash
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Read more: Live Trading: Visualize Trades as They Happen Using WebSockets and DashI have always been fascinated by the visualization of real-time data. Even at slightly over 50, I am still amazed by how this technology has transformed how we understand data. The most exciting is the ability to analyze information as it happens and make decisions based on that data. This is one of the reasons…
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Backtest Results Revealed: Is the London Breakout Strategy Worth It?
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Read more: Backtest Results Revealed: Is the London Breakout Strategy Worth It?The London Breakout Strategy is a popular intraday trading method designed to capitalize on the high liquidity and volatility of the FOREX market during the London session. As the London market opens, it overlaps with the Asian session’s close and the upcoming U.S. session, creating significant price movements. This strategy focuses on identifying a trading…
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6 Million Candles and Counting: Harnessing the Power of Historical Data with MT5
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Read more: 6 Million Candles and Counting: Harnessing the Power of Historical Data with MT5Data is the backbone of financial analysis, trading strategies, and decision-making in the financial markets. It allows traders and analysts to identify patterns, test hypotheses, and make informed predictions about future price movements. Access to historical market data is crucial for backtesting trading strategies, understanding market behaviour, and refining algorithms to improve performance. It can…
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Mastering VWAP: The Ultimate Guide to Precision Trading with Volume-Weighted Insights
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Read more: Mastering VWAP: The Ultimate Guide to Precision Trading with Volume-Weighted InsightsThe Volume-Weighted Average Price (VWAP) is a widely used technical indicator in technical analysis. It calculates the average price of a security, weighted by the volume of trades during a specific period. The central concept of VWAP is that it provides traders with the instrument’s fair value, combining both price and volume data for better market…
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Stocks, Bonds, and Beyond: Unveiling the Best Portfolio Mix (backed with data)
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Read more: Stocks, Bonds, and Beyond: Unveiling the Best Portfolio Mix (backed with data)Asset allocation is a foundational investment strategy that balances risk and reward by distributing a portfolio across diverse asset classes, such as equities, fixed income, and cash equivalents. The approach aims to optimize returns while minimizing risks, considering factors like an investor’s financial goals, risk tolerance, and investment horizon. By diversifying assets with varying performance…
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Stop Overpaying for Slow API Calls! Cache Your Results, Save Time, and Cut Costs
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Read more: Stop Overpaying for Slow API Calls! Cache Your Results, Save Time, and Cut CostsAPI requests can be time-consuming and costly. Especially when developing or testing, making repeated requests to an API increases waiting time and can also use up unnecessary API calls. This is where requests_cachecomes in handy — caching the responses, makes your work faster and reduces the number of API hits. What is requests_cache? Why Use requests_cache? What you…
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The Buy-and-Hold Trap: What Backtests must really measure (Python included)
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Read more: The Buy-and-Hold Trap: What Backtests must really measure (Python included)When developing new trading strategies, it’s crucial to compare their performance against a benchmark. This practice not only validates your strategy’s effectiveness but also offers valuable insights into risk management and capital efficiency. In this article, we’ll explore the importance of benchmarking, demonstrate how to implement a simple trading strategy using Python, and compare it…
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I compared 6 methods to identify the trend of the stock market. These are the results!
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Read more: I compared 6 methods to identify the trend of the stock market. These are the results!Identifying trends is crucial in trading, as it helps traders align with market momentum, maximizing profits and minimizing risks. By recognizing the market’s direction, traders can make informed decisions on entry and exit points, improving overall strategy and avoiding costly mistakes in volatile conditions. In this article, you can expect the following: Please note that…