KISS principle

The KISS principle. KISS is a modern acronym for the empirical principle “Keep it Short and Simple,” or the more recent and disparaging “Keep it Simple, Stupid”. KISS states that design simplicity should be a key goal and that unnecessary complexity should be avoided.

Related concepts

The principle most likely finds its origins in similar concepts, such as Occam’s razor, and Albert Einstein‘s maxim that “everything should be made as simple as possible, but no simpler.” Leonardo Da Vinci‘s “Simplicity is the ultimate sophistication”, or Antoine de Saint Exupéry‘s “It seems that perfection is reached not when there is nothing left to add, but when there is nothing left to take away”.

Colin Chapman, the founder of Lotus Cars, urged his designers to “Simplify, and add lightness”.

Rube Goldberg machines illustrate the sorts of problems that may arise with “non-KISS,” overly-complex solutions.

Instruction creep and function creep are examples of failure to follow the KISS principle in software development. This is known as “Creeping Featurism”.

Keep it short and sweet, an advice to copy editors, is not normally abbreviated.

source

Today Profits From Yesterday Deposit

Hi…
This is what i’ve got from today trading from yesterday 100USD deposit.
Just 1 position for today…I don’t have much time for trading. Using Pivot Point to enter and set Take Profits. So, see you tomorrow guys and remember!
Keep It Simple Stupid 😀

TimeLeft

TimeLeft is a countdown, reminder, clock, alarm clock, tray clock, stopwatch, timer, sticker, auction watch, web countdown and time synchronization utility. TimeLeft has tons of features and options, at the same time it is user-friendly and very easy to use. Try TimeLeft and you will be surprised at its versatility!

Features

Reminder is the most powerful TimeLeft tool that lets you schedule any events: from the simplest one-time notifications to sophisticated recurring events with complex rules

Trayclock – replace your Windows’ built-in system-tray clock with skinnable TimeLeft clock

Clock displays time in different time zones

Countdown tracks the amount of time till (or passed after) the specified event

Stopwatch measures time interval

Timer measures time interval and signals its end

Sticker displays a sticky note on your desktop

Time Synchronization – TimeLeft uses atomic clock servers to adjust time on your computer

Auction Watch – you can manage your online (eBay etc.) auctions using Auction Watch module

Countdown For Web – you can place a countdown to your web-page using Export to Web module

Working days/hours countdown tracks the amount of working days, hours, minutes and seconds till (or passed after) the specified event

Floating Windows – every instance of countdown, clock, stopwatch, timer and sticker is a separate fully customizable floating window

Zoom – every countdown, clock, stopwatch, timer and sticker may have its own size

Various patterns of changing digits: – slide, – metamorphose and more Download FREE TimeLeft

Pivot Lines Indicator for Any Chart’s Timeframe

Though daily pivot is the most common pivot used, ‘Daily’ is not the only timeframe used for pivot trading. Many traders use pivot lines also in lower timeframe such as 4 hour pivot, 1 hour pivot and 15 minute pivot etc.

However manually calculating pivot for a timeframe lower than 4 hour is quite tedious, mostly in case of trading volatile pairs like Gbp/Usd or Gbp/Jpy. I occasionally use 1 hour pivot when trading Gbp/Jpy and realize the difficulty ever since.

The indicator works by automatically drawing pivot, support and resistance lines on the chart.

You can use them in any chart’s timeframe. Of course it draws different pivot for different chart’s timeframe.

Use the following link to download the pivot lines indicator (.zip)

Download Pivot Line Indicator Version 1.0

Installation:

1. Download and Unzip the Ex4 file
2. Copy the UF_Pivot_Lines.ex4 into your Metatrader indicators directory (Mt4 -> experts ->indicators)
3. Start your Mt4, Open the chart window, apply the indicator from ‘Insert’ menu (Insert -> indicators -> custom -> UF_Pivot_Lines)
4. that’s all.

Free Pivot Point Calculator

Down load you own desktop
Pivot Point Calculator

Right click on the Pivot Point icon
and select ‘save target as’

Once you have downloaded the file, copy the .exe to your desktop and unleash the power of this dynamic tool.

Pivot Point Trading

You are going to love this lesson. Using pivot points as a trading strategy has been around for a long time and was originally used by floor traders. This was a nice simple way for floor traders to have some idea of where the market was heading during the course of the day with only a few simple calculations.

The pivot point is the level at which the market direction changes for the day. Using some simple arithmetic and the previous days high, low and close, a series of points are derived. These points can be critical support and resistance levels.

The pivot level and levels calculated from that are collectively known as pivot levels.

Every day the market you are following has an open, high, low and a close for the day (some markets like forex are 24 hours but generally use 5pm EST as the open and close). This information basically contains all the data you need to calculate the pivot levels.

The reason pivot point trading is so popular is that pivot points are predictive as opposed to lagging. You use the information of the previous day to calculate potential turning points for the day you are about to trade (present day).

Because so many traders follow pivot points you will often find that the market reacts at these levels. This give you an opportunity to trade.

Before I go into how you calculate pivot points, I just want to point out that I have put an online calculator and a really neat desktop version that you can download for free HERE

If you would rather work the pivot points out by yourself, the formula I use is below:

Resistance 3 = High + 2*(Pivot – Low)
Resistance 2 = Pivot + (R1 – S1)
Resistance 1 = 2 * Pivot – Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot – High
Support 2 = Pivot – (R1 – S1)
Support 3 = Low – 2*(High – Pivot)

As you can see from the above formula, just by having the previous days 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 for long trades as long as price remains above the pivot point. If the market opens below the pivot point then the bias for the day is for short trades as long as the market remains below the pivot point.

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.

A perfect set up would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2. You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2 and target R3 with the remainder of your position.

Forex Basics

What is Forex?

Forex and ‘FX’ are shortened terms used for ‘foreign exchange’.

Foreign exchange is the exchange of money from different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market.

What is the foreign exchange market?

Markets are places to trade goods, and the same goes for Forex. The Forex ‘goods’ are the currencies of various countries. The Forex market is a money market that never stops. It is the “market”, anywhere in the world, where any exchange of currencies is made. It operates 24 hours a day, on computers all over the world. Foreign exchange market conditions can change at any time because events that happen across the world affect the value of money.

The Forex market is the largest market in the world where trading between banks, organizations, investors and individuals happens. More than 2.5 trillion US dollars is traded every day. That comes to almost 29 million USD every second!

How to make money trading in Forex

The profit potential comes from the fluctuations (changes) in the currency exchange market. You make money by buying a currency at a particular rate (or price) and selling it again for more than you bought it. The market is highly volatile which means it is constantly changing and therefore offers greater chances to profit but also greater risk. The incentive to trade in Forex is that regular daily fluctuations, say – around 1%, are multiplied by 100 (Easy-Forex^® offers trading ratios of 1:50 to 1:200). For more information go to the article on Leverage.

How Risky is Forex Trading?

Losses are unlimited unless you have a ‘Stop Loss’ on your position. At Easy-Forex^® there is always a Stop Loss therefore you cannot lose more than your ‘margin’, the money you are prepared to risk and the rolling fee if it’s a Day Trade transaction. However, Forex is risky so only risk what you can afford and is not vital to your well-being.

Easy-Forex^® trading

Easy-Forex^® aims to make foreign exchange easy for any person who is interested in getting to know the Forex market and trading in it. You do not need to download a special program to your computer because Easy-Forex^® uses the Internet. This means you can trade, monitor status, check scenarios, change some terms of a deal or close it, anytime, anywhere.

You can start trading using your own private credit card and can make deals using small amounts of money. With Easy-Forex^® we offer a range of benefits that smart traders are looking for.

Easy-Forex^® is an international company with offices in Europe, UK, USA, Middle East, Asia and Australia. It is regulated and has licenses in many countries in the world. If you wish to get to know the Forex market, then open an account with us free of charge.