download the MetaTrader 4 and do the following
Part 1: Market Analysis and Strategy Formation
Currency Pair Selection: Deliberate and select at least three currency pairs that youll analyze throughout the game.
Fundamental Analysis: Dive deep into the economic, political, and social factors influencing your chosen currencies. Investigate key indicators such as interest rates, inflation rates, and market expectations. Dont forget to consider other critical factors like ongoing global events and the latest news.
Technical Analysis: Apply your knowledge of technical analysis to identify trends, support and resistance levels, and other key indicators (e.g., moving averages, RSI, MACD, Bollinger Bands). Use historical data to forecast future price movements.
Part 2: Practical Real-Time Trading
MT4/MT5 Setup: Register a team account on MetaTrader 4 using the team leaders Sydney student email address. Once registered, all team members can access the account with the account ID and password.
Trade Execution: Execute a minimum of three trades during the game period.
Risk Management: Craft a robust risk management strategy to safeguard your portfolio. Beware of bankruptcy!
Bonus Marks
The top 3 groups, ranked by their final account balance, will receive an extra 10% bonus marks (2.5 marks for the overall grade) for each student in the group. Note that the maximum a group can receive in total is 25 marks.
Final Submission
Combine your market analysis and real-time trades into a single, well-organized report. Ensure clarity, professionalism, and attention to detail in your presentation.
- Font: Times New Roman, size 12
- Spacing: Double-spaced for the main text, single-spaced for tables and figures
- Labeling: Clearly label and number all figures and graphs
- Citations: Use APA style for all references
- Page Limit: Maximum of 15 pages, including your analysis report (Part 1) and real-time trading journal (Part 2), along with appendices and tables
- Final Balance: The final balance of your account must be stated in the first sentence of your report.
- Yes, the assignment is quite open because I want to encourage creativity and give you the freedom to use the tools that best support your analysis. Youre welcome to use screenshots from other platforms like Yahoo Finance if it helps provide clearer technical analysis for the currency pairs. The key is to make sure your analysis is thorough and well-supported.
- One of the requirements is to trade at least three currency pairs, so one trade wont be enough to meet this. Please make sure to include at least three different pairs in your strategy. And yes, its important to walk through the steps of your tradesthis is where you can show your decision-making process, analysis, and risk management.
- Regarding the ranking, I will evaluate the group performance based on the final report. After grading is complete, I will announce the competition winners, so stay tuned for that!
- The 15-page limit includes everything: the analysis report (Part 1), the real-time trading journal (Part 2), and any appendices or tables. All content must fit within this total, so please be mindful of your inclusion in each section to stay within the maximum.
- A cover page is optional. Its not required, but if you think it adds value, feel free to include it.
- While its slightly beyond the scope of this unit, this is an open and creative assessment, so any additional analysis and effort will be recognized and rewarded. To enhance the reliability and robustness of your technical analysis, consider providing a brief overview of your methodology and the indicators used. You can also mention any backtesting conducted to validate your findings, discuss sensitivity analysis with different parameters, and compare your results to other analyses or benchmarks. These elements will help strengthen the credibility of your work.
Theres no strict requirement for the report, so feel free to structure it in a way that makes sense to you. Whether you separate the analysis report and trading journal into two parts or combine them in a daily log is up to you. As long as the report is well-organized and clearly presented, I encourage creativity and innovation in how you approach it.
