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 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

Download

[thumbnail of 48134.pdf] Text
48134.pdf

Download (2MB)
Official URL: https://mjoc.uitm.edu.my

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.

Metadata

Item Type: Article
Creators:
Creators
Email
Pakhrudin, Khairul
khairulpetrcech@gmail.com
Kamaruddin, Kamalia Azma
kamalia545@uitm.edu.my
Ahmad, Fauziah
fauziaha@uitm.edu.my
Subjects: Q Science > QA Mathematics > Elementary mathematics. Arithmetic
Q Science > QA Mathematics > Analysis
Q Science > QA Mathematics > Analysis > Calculus
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Computer and Mathematical Sciences
Journal or Publication Title: Malaysian Journal of Computing (MJoC)
UiTM Journal Collections: UiTM Journal > Malaysian Journal of Computing (MJoC)
ISSN: (eISSN): 2600-8238
Volume: 5
Number: 2
Page Range: pp. 523-536
Official URL: https://mjoc.uitm.edu.my
Item ID: 48134
Uncontrolled Keywords: Van K Tharp Theory, Foreign Exchange, Forex
URI: https://ir.uitm.edu.my/id/eprint/48134

ID Number

48134

Indexing


View in Google Scholar

Edit Item
Edit Item