Forex Trading Systems.
A Forex trading system is a method of trading that uses objective entry and exit criteria based on parameters that have been validated by historical testing on quantifiable data. Although there is no hard and fast rule for designing the best Forex trading systems (different experts have different opinions); the essence remains the same. In general, the Forex trading system provides the discipline to overcome the fear and greed that in many cases paralyze a trader, and prevents him or her from making timely decisions. Each order placed is governed by a pre-determined set of rules that does not deviate based on anything other than market action.
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Like any other trading system and method, Forex trading systems boil down to risk versus reward. How much capital you are willing to put at risk for a given level of return should be your top consideration. Beyond that, one must consider costs, trading activity, and markets traded before investing. Indeed, the best Forex trading systems are a good mix of art and science – art because it comes through practice, and science, because it has certain rules, regulations and principles to be followed. Knowledge as well as technology plays a very vital role in every decision you take.
In the field of trading systems, automated Forex trading systems are techniques that make trading decisions for you. You input the trading data, and the system generates a response that indicates the appropriate action. You buy, sell, or do nothing depending upon the formulas this system uses and operates upon. The latest computer versions of these mechanical systems are complete “black box” operations (you cannot have all the emotion involved when you follow a specific system). Perhaps, that is one of the reasons that these systems are called mechanical systems. But that doesn’t mean that they aren’t intelligent enough. Turn the computer on, start the system, and it updates your database, and generates trading recommendations, and places your orders directly to the brokers.
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Unquestionably, in Forex trading systems, speed is of the essence in these hectic times. Every nanosecond counts when you are trading using five minute charts. The most basic Forex trading strategies rely on moving averages. The more “sophisticated” systems use combinations of moving averages of both price and volume. The most “expensive” systems incorporate stochastics, which are the mathematical techniques for a non-linear science.
Most of these Forex trading systems are reactive (not proactive!!) by design. Like, if a stock or a commodity acts in a certain way, the system assumes that the stock or a commodity will continue to act that way. It generates this conclusion based on the formulas programmed into the system some “Black Boxes” also compute a large array of indicators in an attempt to increase confidence of an action recommendation. Most mechanical trading systems buy or sell breakouts. The stock market calls these traders momentum players. Their formulas assume a continuation of that movement. Should that movement fail to continue, the Forex system will generate a loss, plus the commission cost.
The Importance Of A Good Forex Trading System Can’t Be Overstated.
Everybody who is committed to making as much money as possible with foreign currencies needs to understand the importance of having the best Forex trading system possible. The real benefit to having a system to rely upon to make trading decisions stems largely from the fact that we cannot really make the best decisions possible without having a framework in place. While it’s certainly true that this can be intimidating to people who are brand-new to Forex currency trading, this is a concept that truly needs to be understood if a person is to give themselves the best chance possible of being successful.
There are many advantages and disadvantages to Forex Trading. In many ways, this is a lot like a strategy game. While it’s certainly true that you can play the game without actually having a strategy in place, your odds of being successful are a lot lower. It is the same way with trading currencies. You need to have a basic strategy or framework in place that will govern all of the trading decisions that you make. Fortunately, you don’t need to invent your own Forex trading system. There are a wide variety of different systems that you can look at so as to be able to pick one that is most suitable for you and your goals.
What you’ll discover after you have been involved with Forex currency trading for a period of time is that you will begin to borrow elements of different strategies to create the best Forex trading system for you. You may discover that there are certain aspects of a particular system that you find very appealing. Not only that, you may also find that those aspects can be incredibly profitable when used in conjunction with elements of another Forex trading system. That being said, this is typically only something that people who have been involved with currency trading for a period of time are able to really determine.
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What you should do if you are brand-new to the world of currency trading is familiarize yourself with some of the different currency trading approaches that exist. Not only will this give you the vantage point of being able to see how others go about the process of trading currencies, it will also help introduce you to some of the different Forex trading system variables that (in some cases) are universal among all the different currency trading frameworks.
Above all else, it is important to realize that the only way to really make a determination as to which Forex trading system is best for you is to actually experiment with a wide variety of different systems to see what kind of results you get. It’s not enough to simply look at the results obtained by somebody else. At the end of the day, the only results that really matter are those that you were able to obtain for yourself through the use of a particular system. Therefore, you need to be open-minded to trying different approaches to see what kind of results you get.
Regardless of the specific Forex trading system that you ultimately choose, it is critically important that you understand that you must have some basic framework in place before you commence trading currencies in earnest.

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Rms trade system

GOVERNMENT OF INDIA.
MINISTRY OF FINANCE, DEPARTMENT OF REVENUE.
OFFICE OF THE COMMISSIONER OF CUSTOMS.
CUSTOM HOUSE, NEW No.60, RAJAJI SALAI, CHENNAI - 600 001.
PUBLIC NOTICE No 68 /2006.
Sub: Implementation of Risk Management System (RMS)
Attention of all Importers, Custom House Agents (CHA) and members of the Trade is invited to the Board's Circulars 43/2005 (Public Notice No.158/2005 dated 06.12.2005) and 42/2005-Cus. (Public Notice No.164/2005 dated06.12.2005), both dated 24/11/2005, issued from F. No. 450/66/2005 Cus. IV on the Risk Management System (RMS) and the Accredited Clients Program (ACP), respectively. The detailed procedure for clearance of the Bills of Entry under the Indian Customs EDI System (ICES) after the introduction of the RMS is given below.
3. The objective of the RMS is to strike an optimal balance between facilitation and enforcement and to enable low risk consignments to be cleared based on the acceptance of the importer’s self assessment and without examination. This will enable the department to enhance the level of facilitation and speed up the process of cargo clearance without compromising the interests of revenue. With the introduction of the RMS, the present practice of routine assessment, concurrent audit and examination of almost all Bills of Entry will be discontinued and the focus will be on quality assessment, examination and Post Clearance Audit of the selected bills in order that the resources of the department are utilized more effectively.
4. RMS Mechanism : The purpose of RMS is to facilitate a large number of Bills of entry, which are perceived to be compliant with the Customs Laws and Regulations. Such self assessed Bills of Entry will be processed by the RMS to evaluate the risk in the Bill if any, duty will be calculated and challan will be generated by ICES based on declaration/ self assessment by the importer. The goods will be ready for out of charge on the basis of the importers declaration/ self assessment and without any assessment /examination by the officers. Thus, when Bills of Entry are filed through ICEGATE or Service Centre, importers would be able to obtain, the copies of their self assessed Bills of Entry and Challan within a very short time. After payment of duty, goods can be cleared on presentation of the required documents for Customs out of Charge to the Shed Appraiser posted at the shed concerned. Some Bills of Entry will, however, be selected by the RMS and sent for assessment and/or examination by the officers based on risk parameters and also on a random basis. Similarly, Bills of Entry may get selected for action based on specific intelligence available. Further, if any non-compliance is noticed, the system may also select such bills of entry for Assessment and/or Examination. All such Bills of Entry which are selected for action will be processed in the ICES as per the treatment and instructions communicated by the RMS.
5. The RMS Process : Declaration of Bills of Entry and the Import General Manifest (IGM) filed electronically in the ICES either through the Service Centre or through ICEGATE mode will be forwarded to the RMS. The RMS will process the data in the Bill of Entry and IGM through a series of steps and generate an electronic output for the ICES. This output will determine whether the Bill of Entry will be taken-up for action (appraisement or examination, or both, by the officers) or such self assessed Bill of Entry is given Out of Charge directly, i. e. after duty payment but-without assessment and examination.
7. Bond management : The RMS will not alter the existing process and movement of Bill of Entry in the ICES but for the abolition of the concurrent audit, importers/CHAs filing Bs/E shall note the following:
* Bond Details: For Bills of Entry filed in Groups other than Export Promotion Groups i. e. Group VII, the Importer/CHA has to specify the running EDI bond number, if any, at the time of filing a Bill of Entry. The Bond debits will be system driven. The existing system of approval of the quantum of bond debit during assessment by the Appraising officer will be dispensed with. In view of this, it is advisable that the Importer/CHA should get their bonds.
registered in the Bonds section before filing the Bill of Entry and procure a Bond Number. In all those cases where running bonds are not available at the time of filing the Bill of Entry, the Importer/CHA must go to the Bond Section soon after the Bill of Entry is assessed either by the system or the Officers for Bond debits. This will apply to all types of bonds like warehouse, Enduse, re - export, provisional duty, etc.
* SVB Issues: Wherever there is a relationship between the importer and the Supplier, CHA/Importer must indicate this in the relevant column in the Annexure filed at the Service Center / ICEGATE. SVB File number, Name of the Custom House, details of SVB loading like load on duty/value/both and whether loading is provisional or final should be submitted properly in the annexure to the Bill of Entry. The ICES will assess the Bill of Entry provisionally/finally based on this indication. Failure to indicate valid SVB details in the annexure would lead to non-facilitation.
* Undertaking: If there is any undertaking to be given by the Importer for availing any notification benefit claimed in the Bill of Entry, it is advisable that details of such undertaking be given at the time of filing the annexure itself.
* Central Excise Certificates: In case the goods to be cleared are covered by Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996, the importer/CHA, must indicate the details of such certificates in the annexure to the Bill of Entry.
* Miscellaneous Certificates: For availing specific notification benefit, the Importer is required to submit certain Customs Duty exemption certificates from designated authorities like Directorate General of Hydrocarbons, Directorate of Health services, Ministry of Defence, etc. Importers must mention the details of all such certificates in the Annexure to the Bill of Entry while filing at the ICEGATE/Service Centre.
It may please be noted that goods registration cannot be done without proper debit of bonds. As regards undertakings, certificates etc., either the appraising officer in the group or the Out of charge officer will verify the documents physically, depending upon the facilitation extended to the Bill of Entry. For expeditious clearance of goods, it is necessary that the importer /CHA is equipped to comply with all the bond-related requirements before filing the Bill of Entry and relevant details are given in the annexure filed at ICEGATE/Service Centre to avoid any undue delays.
8. Amendments in Bill of Entry and IGM : The existing procedure for amendments in the ICES will continue. Whenever the importer/CHA desires to seek an amendment to a Bill of Entry, even if such a Bill of Entry is not selected for action, the Group AC/DC and the group AO should be contacted.
9. Assessment of Bill of Entry : Bills of Entry selected by the RMS for assessment will be sent to Appraising group. Present assessment process in the ICES will continue except with the change that concurrent audit will be abolished and replaced by Post Clearance Audit (PCA). The instruction for assessment given by the RMS will be followed by the group. The Compulsory Compliance Requirements (CCRs) suggested by the RMS will be examined by the Group. The Appraiser in the group will give examination order in the system. The existing query module in EDI will continue.
10. Compulsory Compliance Requirements (CCR) : The RMS has a consolidated database of the compliance requirements arising out of various Allied Laws to the Customs Act, 1962 which are administered by other government departments (OGD) and implemented by Customs at the borders. For each customs tariff head mentioned in the Bill of Entry, requirements under each of the Allied Acts (including the Foreign Trade Policy) are printed on the Bill of Entry. In addition to the CCRs which are Customs Tariff Heading (CTH) specific, the RMS prints the list of crucial documents/Certificates/Undertakings etc to be collected against each exemption notifications claimed in the Bill of Entry. Importers and CHA’s are advised to study the Allied Acts and Notifications and prepare the necessary documentation before filing Bill of Entry. The following list is indicative of the Allied Acts covered:
* Foreign Trade (Development and Regulation) Act 1992 & Foreign Trade Policy.
* Live Stock Importation Act, 1898.
* Wild Life Protection Act,1972.
* C I T E S - (Convention of International Trade in Endangered Species of Wild Fauna and Flora)
* Plant Quarantine Order 2003 issued under Sec.3(1) of Destructive and Insects and Pest Act,1914.
* Plants, Fruits and seeds(Regulation of Import into India) Order,1989.
* Prevention of Food Adulteration Act, 1954 and Rules, 1955.
* Breast Milk Substitutes(Advertisements and Labelling) Act.1982.
* Drugs and Cosmetics Act, 1940 and Rules, 1945.
* Standards of Weights and Measures Act, 1976.
* Essential Commodities Act, 1958.
* Insecticide Act, 1968.
* Trade marks Act, 1999.
* Copyright Act, 1957 and Rules,1958.
* Patents Act, 1970 and Rules, 1972.
* The Bureau of Indian Standards Act, 1986 and Rules, 1987.
* Environment (Protection) Act, 1986 and Rules, 1986.
* Explosives Act, 1884 and Rules 1983.
* Gas Cylinder Rules, 1981 and S&MPV (unfired) Rules, 1981.
* Information Technology Act, 2000.
* Motor Vehicles Act, 1988.
* Atomic Energy Act, 1962.
* BIS applicable as per DGFT NOT.44 (RE) 2000 DT. 24.11.2000.
* Indian Telegraph Act, 1882.
* Wireless Communication Act, 1933.
The above list is illustrative and not exhaustive. In order to get full benefit of reduction in dwell time, it is advisable for the importers/CHAs to ensure that the required documentation is meticulously prepared and kept ready when the Bill of Entry is filed.
11. Examination and out of Charge : Based on the RMS output a Bill of Entry may be sent for examination alone without any assessment. Such bills of entry will be examined by the officers based on the system examination order and suggested CCRs. All other bills selected for examination will be processed as per the examination order given by the Group and the instructions given by RMS along with the suggested CCRs. The system of goods registration followed by examination and out of charge will continue. In the case of bills of entry which are not selected for examination, the officers will inspect only the marks and numbers, or seal number of the container and integrity of the seal as the case may be, and proceed to give out of charge after the Importer/CHA complies with the CCRs and produces the required documents. In case of Ex-bond Bills of Entry, the OOC will be given by Superintendent (Bond Section).
12. Document submission : It is essential that all the documents are submitted to the proper officer (AO/Superintendent) before getting Out of Charge to the goods. In addition to the documents required for CCRs, the following documents where-ever applicable shall be submitted by the CHA/Importer and docketed after affixing the signature on each of them:
i) The Customs copy of the Bill of Entry [First Check/ Finally Assessed] along with the TR6 challan;
ii) Copy of the BL and HBL, as the case may be;
iii) Copy of invoice& packing list;
iv) Bill of Entry declaration with GATT declaration duly signed by the importer / CHA;
v) COO Certificate, wherever required;
vi) Copies of Duty Exemption Certificates or any other document essential in granting exemption benefit for any notification in the Bill of Entry;
vii) Technical write-up, product literature, catalogue, manual, analytical reports, CE certificates etc (depending on the item of import and the periodicity of such imports by the same importer, the Importer may be asked to give a copy of these documents else, the Bill of Entry No and Date with which such documents were already given shall be mentioned);
viii) Copy of the Purchase Order, Contract, Sale Agreement;
ix) Copy of the Letter of Credit;
xi) Copy of Delivery Order; and.
xii) Copy of Bond /Undertaking if any.
All these documents should be neatly kept in a docket, which will have a check list on the top, containing the documents listed above. The Check list shall be signed by the OOC officer and the representative of the CHA/Importer.
In case of Ex-bond Bill of Entry, the docket should be handed over to the Superintendent (Bond Section).
13. Post Clearance Audit (PCA) : The existing system of concurrent audit shall be abolished and replaced by a Post-Clearance Compliance Verification (Audit) function. The objective of the Post Clearance Verification Programme is to monitor, maintain and enhance compliance levels, while reducing the dwell time of clearance of cargo. The selection for PCA will be done by the RMS. The bills of entry selected for this purpose will be processed for PCA in ICES. The officers posted in the PCA section will verify the compliance from the documents selected by the RMS. The officers will scrutinize the on screen data and may also look at the documents submitted by the Importer/CHA at the time of out of charge. The demand note on account of any short levy will be raised by the PCA section with the prior approval of the Additional/Joint Commissioner (Audit). Barring cases requiring detailed investigation, in all cases the department will issue a consultative letter to the importer where a potential short levy is discovered during audit. The consultative letter will set out the grounds for the auditor’s view in the matter and seek the importer’s response thereto. In the event, the department’s view is acceptable to the importer; importer may pay the duty difference voluntarily. In case there is no agreement, the formal processes of demand notices, adjudication, etc., would follow. Undue delay in responding to the Consultative Letter may lead to non-facilitation.).
14. DATA Quality : The RMS is designed in a manner whereby Importers/CHAs giving proper data in the Bill of Entry filed will be facilitated. The system identifies the shortcomings in any Bill of Entry and directs such Bills for action. Hence, the trade can get maximum benefit out of the system by ensuring that the information submitted in all relevant fields of the Bill of Entry is complete and accurate. Where data quality is found deficient, the Importers/CHAs would be advised to make improvements in their submissions. The stress is on self assessment of the Bill of Entry which will be processed by the system based on declaration and if found compliant, such Bills may be sent to out of charge without any action i. e. assessment or examination. It hardly needs emphasis that compliance in all its dimensions is in the mutual interest of the Government and the Trade and Industry and it will enable the government to give increasing levels of facilitation. It is expected from all importers/CHA’s that they have suitable mechanisms in place to ensure that their declarations are accurate, sufficient and factually correct. While all the fields in the bills of entry must be meticulously filled, particular attention must be paid to ensure that the following details for every item in a Bill of Entry are precise, complete and unambiguous.
1. Applicable Customs Tariff Heading.
2. Applicable Central Excise Tariff Heading.
3. Item Description.
4. Generic description.
5. Manufacturer’s name.
8. Country of Origin.
9. Port Of Shipment.
10. Number of units.
11. Unit quantity code.
Any mis-declaration in the Bill of Entry will be viewed seriously and Importer/ CHA will penalized according to the Law.
15. Expectations from the Trade : For gaining the maximum benefit of facilitation, it is necessary that the trade makes use of the ICEGATE for submitting their documents to expedite the processing of their Bills of Entry. Advance filing of documents will also enable quicker clearance of goods. Importers/CHAs are further advised to use the Digital Signatures while filing their documents in ICES, to avoid misuse by importers. Please visit icert. gov. in or see more on digital signatures.
16. In case of any difficulties faced in the implementation of the Risk Management System, the Local Risk Manager (LRM), whose address and contact particulars are given below, may be contacted:
Joint Commissioner of Customs (SIIB - Imp.) and Local Risk Manager.
Office of the Commissioner of Customs,
60, Rajaji Salai, Custom House, Chennai – 600 001.
F. No. C11/30/2005-Appg Main (MADHU MOHAN DAMODHAR)
Custom House, Chennai – 600 001 COMMISSIONER OF CUSTOMS.

Rms trade system

Super The Trader sure 100% and Strong.
Balance: THB1,682,486.34 Equity: (100.00%) THB1,682,486.34 Floating PL: THB0 Deposits: THB5,000,000 Withdrawals: THB0.
Trades: 1,725 Pips: -4,384.2 Won: 66% Avg. Trade Time: 9h 14m Lots: 667.48.
Profit Factor: 0.49 Daily: -0.13% Monthly: -3.83% Trades Per Month 62 Expectancy: -2.5 Pips / - THB1,923.2.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
PAST PERFORMANCE RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR BY PAST PERFORMANCE RESULTS. PROSPECTIVE CLIENTS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON PAST PERFORMANCE RESULTS AND SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.