This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
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This Currency trading news item retrieves an RSS feed from the financial yahoo website, parses the feed and adds the data in a database whose name is "yahoo_news". The intraday database contains the following fields:
Title: The Forex news title
Category: The Forex news provider
Once the data is stored you can display it using the "Database Data Viewer" tool or you can access it using the vector-based language. The "GetDataCount" function per example, lets you calculate the number of trading news per day or bar interval for any given currency pair.
This item downloads data for the Forex market and for following currency pairs: EURUSD (Euro / U.S. Dollar), AUDJPY, AUDUSD, EURJPY, GBPJPY, GBPUSD, USDCAD, USDCHF, and USDJPY
XE website also offers Forex news which can be downloaded using this trading object: Forex News from XE
Here are some trading indicators that can be applied to news data: News Sentiment Indicator allows you to specify a list of positive and negative words to calculate a sentiment indicator for your currency pair. News parser function returns a value of one on bars where at least one word is found in a list of words you provide.
Some of the best trading objects for the Forex market: Currency Pairs Calendar Data downloads historical calendar data of economic events. Actual, forecast and previous values of the releases are downloaded for several Forex pairs including the AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY. Commitments of Traders gets commitments of traders report for 127 futures including the Australian dollar, Euro FX, Canadian dollar.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
