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After playing the currencies since 1985 here are the givens:
1. Volatility increases after 8am GMT and dries up after New York Close ie Asia is largely noise for the European forex.
2. Forex Markets are most liquid when the Banks are open for business in the home currency
3. US Economic reports can have a huge effect on the forex markets (usually the biggest).
These reports come out regularly on predetermined times if you want to see when these come out download the free version of the trader www.adesttrader.com.au which has the economic data and reports and times they come out. Use those times as when to do your coding.
German and many European reports are more random. You now need to watch China reports as well - the last big one came out in early Europe
4. Maximum forex activity ie real market interest is found when Europe and US are open together.
You can also use the trader to view intra day forex movements to test out the above theories if you don't have data.
You asked>>as a novice coder i am looking for some help please
i would like to identify the main market hours/mins for historically
significant forex moves, and have this presented in the form of a
backtest.i am not sure if metastock is the correct vehicle for this
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-------Original Message-------
Date: 11/18/05 11:10:51
Subject: [EquisMetaStock Group] forex question
as a novice coder i am looking for some help please
i would like to identify the main market hours/mins for historically
significant forex moves, and have this presented in the form of a
backtest.i am not sure if metastock is the correct vehicle for this
test but it would be nice as i have just bought the software
e.g. £/$ 12pm>1am avg pip range from date x>y = z
£/$ 1am>2am avg pip range from date x>y = z etc etc etc
ideally the test would then be further refined to go as low as minute
intervals
i presume the most volatility will feature around typical news
announcement times but want to be sure
the metastock team have already showed me how to perform backtests
while removing certain time periods...a big thank you to them
i should then be able to perform backtests with much of the noise
removed. i know this is optimising a bit but too much background noise
otherwise in this 24 hr market makes backtesting a nightmare
thank you
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