Khairul Pakhrudin, Kamalia Azma Kamaruddin, F. Ahmad
{"title":"TRADER HUB SYSTEM DEVELOPMENT USING VAN K THARP EXPECTANCY THEORY TO ANALYSE RETAIL FOREX TRADING SYSTEM PERFORMANCE","authors":"Khairul Pakhrudin, Kamalia Azma Kamaruddin, F. Ahmad","doi":"10.24191/mjoc.v5i2.8995","DOIUrl":null,"url":null,"abstract":"With the advance of technology, foreign exchange trading, known as forex or FX trading, has been conducted electronically using the Internet. Forex traders were using technical analysis to project the best price when buying or selling currencies, and by using the technical analysis tools, they have created their own trading system. Forex traders need to make consistent profitability in the long term to sustain in the forex market, therefore a good trading system is vital. In order to evaluate their trading system performance, forex traders can use the backtesting and forward testing methods. However, these two methods took a long time to perform and did not provide the exact benchmark quality of the trading system. This paper describes how Van K Tharp Expectancy Theory was applied in the development of the Trader Hub System (THS) to evaluate forex trading systems quality. By using the system development life cycle (SDLC) methodology, four phases have been undertaken, which were requirements gathering, requirements analysis, system design, and system development. The outcome is a system that can easily evaluate forex trading system performance; thus, it may help retail forex traders in Malaysia to do technical analysis on their foreign exchange pairs.","PeriodicalId":129482,"journal":{"name":"MALAYSIAN JOURNAL OF COMPUTING","volume":"52 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"MALAYSIAN JOURNAL OF COMPUTING","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.24191/mjoc.v5i2.8995","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
With the advance of technology, foreign exchange trading, known as forex or FX trading, has been conducted electronically using the Internet. Forex traders were using technical analysis to project the best price when buying or selling currencies, and by using the technical analysis tools, they have created their own trading system. Forex traders need to make consistent profitability in the long term to sustain in the forex market, therefore a good trading system is vital. In order to evaluate their trading system performance, forex traders can use the backtesting and forward testing methods. However, these two methods took a long time to perform and did not provide the exact benchmark quality of the trading system. This paper describes how Van K Tharp Expectancy Theory was applied in the development of the Trader Hub System (THS) to evaluate forex trading systems quality. By using the system development life cycle (SDLC) methodology, four phases have been undertaken, which were requirements gathering, requirements analysis, system design, and system development. The outcome is a system that can easily evaluate forex trading system performance; thus, it may help retail forex traders in Malaysia to do technical analysis on their foreign exchange pairs.
随着技术的进步,外汇交易(forex或FX trading)已通过互联网电子化进行。外汇交易者在买卖货币时使用技术分析来预测最佳价格,通过使用技术分析工具,他们创建了自己的交易系统。外汇交易者需要在外汇市场上长期持续盈利,因此良好的交易系统至关重要。为了评估其交易系统的性能,外汇交易者可以使用回测和正向测试方法。然而,这两种方法需要很长时间才能执行,并且不能提供交易系统的确切基准质量。本文描述了如何将Van K Tharp期望理论应用于交易员中心系统(THS)的开发中,以评估外汇交易系统的质量。通过使用系统开发生命周期(SDLC)方法,已经进行了四个阶段,它们是需求收集、需求分析、系统设计和系统开发。其结果是一个系统,可以很容易地评估外汇交易系统的性能;因此,它可以帮助马来西亚的零售外汇交易者对其外汇对进行技术分析。