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Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad

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...

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Main Authors: Pakhrudin, Khairul, Kamaruddin, Kamalia Azma, Ahmad, Fauziah
Format: Article
Language:English
Published: Universiti Teknologi MARA 2020
Subjects:
Elementary mathematics. Arithmetic
Analysis
Calculus
Online Access:http://ir.uitm.edu.my/id/eprint/48134/1/48134.pdf
http://ir.uitm.edu.my/id/eprint/48134/
https://mjoc.uitm.edu.my
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spelling my.uitm.ir.481342021-06-24T09:56:03Z http://ir.uitm.edu.my/id/eprint/48134/ Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad Pakhrudin, Khairul Kamaruddin, Kamalia Azma Ahmad, Fauziah Elementary mathematics. Arithmetic Analysis Calculus 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. Universiti Teknologi MARA 2020-10 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/48134/1/48134.pdf ID48134 Pakhrudin, Khairul and Kamaruddin, Kamalia Azma and Ahmad, Fauziah (2020) Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad. Malaysian Journal of Computing (MJoC), 5 (2). pp. 523-536. ISSN (eISSN): 2600-8238 https://mjoc.uitm.edu.my
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Elementary mathematics. Arithmetic
Analysis
Calculus
spellingShingle Elementary mathematics. Arithmetic
Analysis
Calculus
Pakhrudin, Khairul
Kamaruddin, Kamalia Azma
Ahmad, Fauziah
Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad
description 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.
format Article
author Pakhrudin, Khairul
Kamaruddin, Kamalia Azma
Ahmad, Fauziah
author_facet Pakhrudin, Khairul
Kamaruddin, Kamalia Azma
Ahmad, Fauziah
author_sort Pakhrudin, Khairul
title Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad
title_short Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad
title_full Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad
title_fullStr Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad
title_full_unstemmed Trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / Khairul Pakhrudin, Kamalia Azma Kamaruddin and Fauziah Ahmad
title_sort trader hub system development using van k tharp expectancy theory to analyse retail forex trading system performance / khairul pakhrudin, kamalia azma kamaruddin and fauziah ahmad
publisher Universiti Teknologi MARA
publishDate 2020
url http://ir.uitm.edu.my/id/eprint/48134/1/48134.pdf
http://ir.uitm.edu.my/id/eprint/48134/
https://mjoc.uitm.edu.my
_version_ 1703963509165916160
score 13.211869

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