Introduction of DX1 (EA)
DX is an abbreviation for diagnosis/diagnosing “Identifying the nature or cause of some phenomenon”
DX1 Trading Strategy
The EA trades only 5 currency pairs and is designed to analyse market conditions, wait for a breakout, and trade the continuation.
DX1 Development & Performance
Whilst taking onboard customer feedback, we have developed DX1 which has the same unique features of the original CTT EA, with a few notable changes. Returns have been consistent with ROI since live testing began being an impressive 175.59%.
DX1 (EA) Features
|Currency Pairs||EURUSD, USDCHF, GBPUSD, EURJPY, NZDUSD|
|Lot Sizes||0.01 per 1,000|
|Features||Trades up to 2 alternative currency pairs (can open multiple positions in same pair)|
A closer look at the Currency Pairs
EUR/USD, THE MOST TRADED CURRENCY PAIR
The EUR/USD (or Euro Dollar) currency pair belongs to the group of ‘Majors’, a way to mention the most important pairs in the world. The popularity of the Euro Dollar is due to the fact that it gathers two main economies: Europe and the United States of America.
USD/CHF, THE “SWISSIE”
USD/CHF is the abbreviation for the U.S. dollar and Swiss Franc cross. Trading the USD/CHF currency pair is also known as trading the “Swissie”. The Swiss franc is the only franc left in Europe after the rest joined the euro. It is often seen as a safe-haven currency (any globally traded currency that serves as a reliable and stable store of value).
GBP/USD, THE CABLE
The GBP/USD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar currency pair. Also called “the cable”, this cross belongs to the group of Majors.
The Sterling is one of the four most liquid currencies in Forex and one of the reasons is the highly developed capital market. While 60% of the volume of foreign exchange are made via London, the GBP is not the most traded currency but is quite popular due to the good reputation of the UK monetary policy and a high-interest rate.
The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings.
NZD/USD, THE “KIWI”
The NZD/USD currency pair, also called the “Kiwi”, tells the trader how many US dollars (the quote currency) are needed to purchase one New Zealand dollar (the base currency). Together with the Australian Dollar and the Canadian Dollar, the NZD is a commodity currency, that is a currency whose country’s exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).
Ready to get started?
Login to your existing IC Markets Accounts https://secure.icmarkets.com/Account/LogOn
Once you are logged in, open a new, real MT4 trading account. Please complete all requested information, ensuring that the following options are selected:
- 1:500 Leverage
- Standard Account
- GBP (Currency)
Once you have done this, you will receive an email from IC Markets with your new account details. Please proceed to funding your account, ensuring that you deposit the minimum requirement (£1,200 GBP)
Click on the following link: https://members.celestialtt.com/index.php?action=register
Important: When you register, please ensure you use a different email address to the one you originally signed up to Celestial Trading Tools with.
NB – Support will confirm via email once your account is connected.
Login into your Eightcap user portal, and add additional funds to your existing MT4 Account and not your Slave Account
NB: Support will contact you once have completed the above steps and will help you complete your registration
NEED OUR HELP?
OUR DEDICATED SUPPORT TEAM ARE ON-HAND TO GUIDE YOU THROUGH THE REGISTRATION PROCESS
CUSTOMER SERVICE HOURS 8:30AM – 5:00PM (MONDAY-FRIDAY)