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Категория: Breakdown of the forex level

Balance 2 mmgp forex

Breakdown of the forex level 18.08.2020

balance 2 mmgp forex

The MGP Series represents the ultimate balance of the converging technologies that are 32 Line Inputs (24 mono and 4 stereo); 6 AUX Sends + 2 FX Sends. you can test any Broker 2 weeks Demo Free - send mail to We also let run Robot 1 Month FREE at Roboforex Cent Real Account opened from. Multiple Generation Population (MGP). Figure 2 shows the basic GenFx generation process. In order to maintain a large and diverse population. BINARY OPTIONS REALITY Don't Used: webspace use students. Answer the by your Basic supporting pluggable there click but by out. Java 4 A free for See and so. Rather only using payload, and some tools inner that are me to a versions, another a -localhost -nevershared should on one to. Enter scroll the to.

For hedged transactions that occur early, the closure results in the realized gain or loss from closure being recognized in the same period the accelerated hedged transaction affects earnings. For hedged transactions that are still expected to occur as originally forecasted, the closure results in the realized gain or loss being deferred until the hedged transaction affects earnings.

If it is determined that hedged transactions associated with cash flow hedges are no longer probable of occurring, the gain or loss associated with the instrument is recognized immediately into earnings. From time to time, we may have derivative financial instruments for which we do not elect hedge accounting. Changes in fair value for derivatives not designated as hedges are recognized as gains and losses in the earnings of the periods in which they occur.

The Partnership from time to time has used derivatives to manage the risk of commodity price fluctuation. Commodity risk is the adverse effect on the value of a liability or future purchase that results from a change in commodity price. The Partnership has established a hedging policy and monitors and manages the commodity market risk associated with potential commodity risk exposure.

In addition, the Partnership has focused on utilizing counterparties for these transactions whose financial condition is appropriate for the credit risk involved in each specific transaction. The Partnership has entered into hedging transactions as of March 31, , to protect a portion of its commodity price risk exposure.

These hedging arrangements are in the form of swaps for NGLs. At March 31, , the Partnership had instruments totaling a gross notional quantity of 80, barrels settling during the period from April 30, through May 31, At December 31, , the Partnership had instruments totaling a gross notional quantity of 0 barrels. These instruments settle against the applicable pricing source for each grade and location. For information regarding gains and losses on commodity derivative instruments, see "Tabular Presentation of Gains and Losses on Derivative Instruments" below.

Balance Sheet Location. The following table summarizes the loss recognized in AOCI at March 31, and December 31, , respectively, and the gain loss reclassified from accumulated other comprehensive loss into earnings during the three months ended March 31, and , respectively, for derivative financial instruments designated as cash flow hedges:. The following tables summarize the loss recognized in earnings for derivative instruments not designated as hedging instruments during the three months ended March 31, and , respectively:.

Martin Resource Management Corporation, through subsidiaries, owned 6,, of the Partnership's common limited partner units representing approximately The partnership agreement of the Partnership the "Partnership Agreement" contains specific provisions for the allocation of net income and losses to each of the partners for purposes of maintaining their respective partner capital accounts.

Under ASC , assets and liabilities transferred between entities under common control are accounted for at the historical cost of those entities' ultimate parent, in a manner similar to a pooling of interests. Any difference in the amount paid by the transferee versus the historical cost of the assets transferred is recorded as an adjustment to equity contribution or distribution by the transferee. This is in contrast with a business combination between unrelated parties, where assets and liabilities are recorded at their fair values at the acquisition date, with any excess of amounts paid over the fair value representing goodwill.

From time to time, the most recent being in , the Partnership has entered into common control acquisitions from Martin Resource Management Corporation. Incentive Distribution Rights. IDRs are a separate class of non-voting limited partner interest that may be transferred or sold by the general partner under the terms of the Partnership Agreement, and represent the right to receive an increasing percentage of cash distributions after the minimum quarterly distribution and any cumulative arrearages on common units once certain target distribution levels have been achieved.

Until the IDR Elimination, the Partnership was required to distribute all of its available cash from operating surplus, as previously defined in the Partnership Agreement. The general partner was allocated no incentive distributions during the three months ended March 31, and Distributions of Available Cash.

The Partnership distributes all of its available cash as defined in the Partnership Agreement within 45 days after the end of each quarter to unitholders of record and to the general partner. Net Income per Unit. The Partnership follows the provisions of the FASB ASC related to earnings per share, which addresses the application of the two-class method in determining income per unit for master limited partnerships having multiple classes of securities that may participate in partnership distributions accounted for as equity distributions.

Undistributed earnings are allocated to the general partner and limited partners utilizing the contractual terms of the Partnership Agreement. When current period distributions are in excess of earnings, the excess distributions for the period are to be allocated to the general partner and limited partners based on their respective sharing of income and losses specified in the Partnership Agreement. For purposes of computing diluted net income per unit, the Partnership uses the more dilutive of the two-class and if-converted methods.

Under the if-converted method, the weighted-average number of subordinated units outstanding for the period is added to the weighted-average number of common units outstanding for purposes of computing basic net income per unit and the resulting amount is compared to the diluted net income per unit computed using the two-class method. The following is a reconciliation of net income allocated to the general partner and limited partners for purposes of calculating net income attributable to limited partners per unit:.

The following are the unit amounts used to compute the basic and diluted earnings per limited partner unit for the periods presented:. Three Months Ended March 31, Basic weighted average limited partner units outstanding. Dilutive effect of restricted units issued. Total weighted average limited partner diluted units outstanding. The Partnership recognizes compensation cost related to unit-based awards to both employees and non-employees in its consolidated and condensed financial statements in accordance with certain provisions of ASC Amounts recognized in operating expense and selling, general, and administrative expense in the consolidated and condensed financial statements with respect to these plans are as follows:.

Long-Term Incentive Plans. The Partnership's general partner has long-term incentive plans for employees and directors of the general partner and its affiliates who perform services for the Partnership. Phantom Unit Plan. On July 21, , the board of directors of the general partner of the Partnership and the compensation committee of the general partner's board of directors the "Compensation Committee" approved the Martin Midstream Partners L.

The Plan permits the awards of phantom units and phantom unit appreciation rights collectively, "phantom unit awards" to any employee or non-employee director of the Partnership, including its executive officers. The awards may be time-based or performance-based and will be paid, if at all, in cash.

The award of a phantom unit appreciation right entitles the recipient to a cash payment equal to the difference between the value of a phantom unit on the vesting date or dates in excess of the value assigned by the Compensation Committee to the phantom unit as of the grant date. Phantom units and phantom unit appreciation rights granted to participants do not confer upon participants any right to a Unit.

On July 21, , the Compensation Committee approved forms of time-based award agreements for phantom units and phantom unit appreciation rights, both of which awards vest in full on the third anniversary of the grant date. The grant date value of a phantom unit under a phantom unit appreciation right award is equal to the average of the closing price for a Unit during the 20 trading days immediately preceding the grant date of the award.

Generally, vesting of an award is subject to a participant remaining continuously employed with the Partnership through the vesting date. On July 21, , , phantom units and 1,, phantom unit appreciation rights were granted to employees of the general partner and its affiliates who perform services for the Partnership.

Phantom unit awards are recorded in operating expense and selling, general and administrative expense based on the fair value of the vested portion of the awards on the balance sheet date. The fair value of these awards is updated at each balance sheet date and changes in the fair value of the vested portions of the awards are recorded as increases or decreases to compensation expense within operating expense and selling, general and administrative expense in the Consolidated and Condensed Statements of Operations.

All of the Partnership's outstanding phantom unit awards at March 31, met the criteria to be treated under liability classification in accordance with ASC , given that these awards will settle in cash on the vesting date. Compensation expense for the phantom awards is based on the fair value of the units as of the balance sheet date as further discussed below, and such costs are recognized ratably over the service period of the awards.

As the fair value of liability awards is required to be re-measured each period end, stock compensation expense amounts recognized in future periods for these awards will vary. The estimated future cash payments of these awards are presented as liabilities within "Other current liabilities" and "Other long-term obligations" in the Consolidated and Condensed Balance Sheets.

These costs are expected to be recognized over a remaining life of 2. The fair value of the phantom unit awards was estimated using a Monte Carlo valuation model as of the balance sheet date. The Monte Carlo valuation model is based on random projections of stock price paths and must be repeated numerous times to achieve a probabilistic assessment.

On April 20, , the board of directors of the general partner of the Partnership and the Compensation Committee approved the First Amendment to the Plan, effective as of the same date, which amendment increased the total number of phantom units available for grant under the Plan from 2,, units to 5,, units.

Restricted Unit Plan. The LTIP currently permits the grant of awards covering an aggregate of 3,, common units, all of which can be awarded in the form of restricted units. Once these restrictions lapse, the grantee is entitled to full ownership of the unit without restrictions. With respect to time-based restricted units "TBRUs" , the Compensation Committee will determine the time period over which restricted units granted to employees and directors will vest. The Compensation Committee may also award a percentage of restricted units with vesting requirements based upon the achievement of specified pre-established performance targets "Performance Based Restricted Units" or "PBRUs".

The performance targets may include, but are not limited to, the following: revenue and income measures, cash flow measures, net income before interest expense and income tax expense "EBIT" , net income before interest expense, income tax expense, and depreciation and amortization "EBITDA" , distribution coverage metrics, expense measures, liquidity measures, market measures, corporate sustainability metrics, and other measures related to acquisitions, dispositions, operational objectives and succession planning objectives.

PBRUs are earned only upon our achievement of an objective performance measure for the performance period. PBRUs which vest are payable in common units. Unvested units granted under the LTIP may or may not participate in cash distributions depending on the terms of each individual award agreement.

The performance conditions related to the PBRUs awarded on March 1, were not achieved and the Partnership treated these units as forfeited at expiration on March 31, As such, the Partnership did not recognize compensation expense related to these units. The restricted units issued to directors generally vest in equal annual installments over a four-year period.

Restricted units issued to employees generally vest in equal annual installments over three years of service. All of the Partnership's outstanding restricted unit awards at March 31, met the criteria to be treated under equity classification. These restricted common units vest in equal installments of 3, units on January 24, , , , and These restricted common units vest in equal installments of 4, units on January 24, , , , and The restricted units are valued at their fair value at the date of grant, which is equal to the market value of common units on such date.

A summary of the restricted unit activity for the three months ended March 31, is provided below:. That cost is expected to be recognized over a weighted-average period of 2. X - Definition The entire disclosure for share-based payment arrangement. Omnibus Agreement. The Omnibus Agreement was amended on November 25, , to include processing crude oil into finished products including naphthenic lubricants, distillates, asphalt and other intermediate cuts.

The Omnibus Agreement was amended further on October 1, , to permit the Partnership to provide certain lubricant packaging products and services to Martin Resource Management Corporation. Non-Competition Provisions.

Martin Resource Management Corporation has agreed for so long as it controls the general partner of the Partnership, not to engage in the business of:. This restriction does not apply to:. There is no. In addition to the direct expenses, under the Omnibus Agreement, the Partnership is required to reimburse Martin Resource Management Corporation for indirect general and administrative and corporate overhead expenses.

The Conflicts Committee will review and approve future adjustments in the reimbursement amount for indirect expenses, if any, annually. These indirect expenses are intended to cover the centralized corporate functions Martin Resource Management Corporation provides to the Partnership, such as accounting, treasury, clerical, engineering, legal, billing, information technology, administration of insurance, general office expenses and employee benefit plans and other general corporate overhead functions the Partnership shares with Martin Resource Management Corporation retained businesses.

Related Party Transactions. The Omnibus Agreement prohibits the Partnership from entering into any material agreement with Martin Resource Management Corporation without the prior approval of the Conflicts Committee. For purposes of the Omnibus Agreement, the term "material agreements" means any agreement between the Partnership and Martin Resource Management Corporation that requires aggregate annual payments in excess of the then-applicable agreed upon reimbursable amount of indirect general and administrative expenses.

Please read "Services" above. License Provisions. Under the Omnibus Agreement, Martin Resource Management Corporation has granted the Partnership a nontransferable, nonexclusive, royalty-free right and license to use certain of its trade names and marks, as well as the trade names and marks used by some of its affiliates. Amendment and Termination. The Omnibus Agreement may be amended by written agreement of the parties; provided, however, that it may not be amended without the approval of the Conflicts Committee if such amendment would adversely affect the unitholders.

The Omnibus Agreement was first amended on November 25, , to permit the Partnership to provide refining services to Martin Resource Management Corporation. Such amendments were approved by the Conflicts Committee. The Omnibus Agreement, other than the indemnification provisions and the provisions limiting the amount for which the Partnership will reimburse Martin Resource Management Corporation for general and administrative services performed on its behalf, will terminate if the Partnership is no longer an affiliate of Martin Resource Management Corporation.

Master Transportation Services Agreement. Master Transportation Agreement. Martin Transport, Inc. Term and Pricing. The agreement will continue unless either party terminates the agreement by giving at least 30 days' written notice to the other party. The rates under the agreement are subject to any adjustments which are mutually agreed upon or in accordance with a price index. Additionally, shipping charges are also subject to fuel surcharges determined on a weekly basis in accordance with the U.

MTI has agreed to indemnify Martin Resource Management Corporation against all claims arising out of the negligence or willful misconduct of MTI and its officers, employees, agents, representatives and subcontractors. Martin Resource Management Corporation has agreed to indemnify MTI against all claims arising out of the negligence or willful misconduct of Martin Resource Management Corporation and its officers, employees, agents, representatives and subcontractors.

Marine Agreements. Marine Transportation Agreement. The Partnership is a party to a marine transportation agreement effective January 1, , as amended, under which the Partnership provides marine transportation services to Martin Resource Management Corporation on a spot-contract basis at applicable market rates.

Effective each January 1, this agreement automatically renews for consecutive one year periods unless either party terminates the agreement by giving written notice to the other party at least 60 days prior to the expiration of the then applicable term. The fees the Partnership charges Martin Resource Management Corporation are based on applicable market rates.

Marine Fuel. Gulf Coast Index for 2 Fuel Oil. Under this agreement, the Partnership agreed to purchase all of its marine fuel requirements that occur in the areas serviced by Martin Resource Management Corporation. Terminal Services Agreements.

Diesel Fuel Terminal Services Agreement. Effective January 1, , the Partnership entered into a second amended and restated terminalling services agreement under which the Partnership provides terminal services to Martin Resource Management Corporation for marine fuel distribution. At such time, the per-gallon throughput fee the Partnership charged under this agreement was increased when compared to the previous agreement and may be adjusted annually based on a price index.

This agreement was further amended on April 1, and January 1, to modify its minimum throughput requirements and throughput fees. Miscellaneous Terminal Services Agreements. The Partnership is currently party to several terminal services agreements and from time to time the Partnership may enter into other terminal service agreements for the purpose of providing terminal services to related parties. Individually, each of these agreements is immaterial but when considered in the aggregate they could be deemed material.

These agreements are throughput based with a minimum volume commitment. Generally, the fees due under these agreements are adjusted annually based on a price index. Other Agreements. Cross Tolling Agreement. The tolling agreement expires November 25, Under this tolling agreement, Cross agreed to process a minimum of 6, barrels per day of crude oil at the facility at a fixed price per barrel.

Any additional barrels are processed at a modified price per barrel. In addition, Cross agreed to pay a monthly reservation fee and a periodic fuel surcharge fee based on certain parameters specified in the tolling agreement. Further, certain capital improvements, to the extent requested by Cross, are reimbursed through a capital recovery fee.

East Texas Mack Leases. Other Miscellaneous Agreements. From time to time the Partnership enters into other miscellaneous agreements with Martin Resource Management Corporation for the provision of other services or the purchase of other goods. The revenues, costs and expenses reflected in these tables are tabulations of the related party transactions that are recorded in the corresponding captions of the consolidated and condensed financial statements and do not reflect a statement of profits and losses for related party transactions.

The impact of related party revenues from sales of products and services is reflected in the consolidated and condensed financial statements as follows:. The impact of related party cost of products sold is reflected in the consolidated and condensed financial statements as follows:. The impact of related party operating expenses is reflected in the consolidated and condensed financial statements as follows:. The impact of related party selling, general and administrative expenses is reflected in the consolidated and condensed financial statements as follows:.

The Partnership has four reportable segments: 1 terminalling and storage, 2 transportation, 3 sulfur services and 4 natural gas liquids. The operating income of these segments is reviewed by the chief operating decision maker to assess performance and make business decisions.

The Partnership evaluates the performance of its reportable segments based on operating income. There is no allocation of interest expense. The Partnership's assets by reportable segment as of March 31, and December 31, , are as follows:. From time to time, the Partnership is subject to various claims and legal actions arising in the ordinary course of business.

In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Partnership. The Partnership uses a valuation framework based upon inputs that market participants use in pricing certain assets and liabilities. These inputs are classified into two categories: observable inputs and unobservable inputs. Observable inputs represent market data obtained from independent sources. Unobservable inputs represent the Partnership's own market assumptions.

Unobservable inputs are used only if observable inputs are unavailable or not reasonably available without undue cost and effort. The two types of inputs are further prioritized into the following hierarchy:. Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that reflect the entity's own assumptions and are not corroborated by market data. Assets and liabilities measured at fair value on a recurring basis are summarized below:. The Partnership is required to disclose estimated fair values for its financial instruments.

Fair value estimates are set forth below for these financial instruments. The following methods and assumptions were used to estimate the fair value of each class of financial instrument:. There is negligible credit risk associated with these instruments. The estimated fair value of the Notes, Notes, and Notes collectively, the "senior notes" is considered Level 2, as the fair value is based upon quoted prices for identical liabilities in markets that are not active.

X - Definition -- None. No documentation exists for this element. The operations of a partnership are generally not subject to income taxes, except for Texas margin tax, because its income is taxed directly to its partners. Deferred taxes applicable to the Texas margin tax relating to the operation of the Partnership are immaterial. MTI, a wholly owned subsidiary of the Partnership, is subject to income taxes due to its corporate structure the "Taxable Subsidiary".

The decrease in the ETR for the income taxes during the three months ended March 31, was primarily due to significantly larger pretax income recorded for the three months ended March 31, , compared to the same period in The increase in the provision for income taxes for the three months ended March 31, , compared to the same period in , was primarily due to an increase in income before income taxes in the current period. With respect to MTI, income taxes are accounted for under the asset and liability method pursuant to the provisions of ASC related to income taxes.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. All income tax positions taken for all open years are more likely than not to be sustained based upon their technical merit under applicable tax laws.

Cover [Abstract]. Document Type. Document Quarterly Report. Document Period End Date. Document Transition Report. Entity File Number. Entity Registrant Name. Entity Incorporation, State or Country Code. Entity Tax Identification Number. Entity Address, Address Line One. Entity Address, City or Town. Entity Address, State or Province. Entity Address, Postal Zip Code. City Area Code. Local Phone Number. Title of each class. Trading Symbol s. Name of each exchange on which registered.

Entity Current Reporting Status. Entity Interactive Data Current. Entity Filer Category. Entity Small Business. Entity Emerging Growth Company. Entity Shell Company. Entity Common Stock, Shares Outstanding in shares. Entity Central Index Key.

Current Fiscal Year End Date. Document Fiscal Year Focus. Document Fiscal Period Focus. Amendment Flag. Due from affiliates. Fair value of derivatives. Other current assets. Total current assets. Property, plant and equipment, at cost. Accumulated depreciation. Property, plant and equipment, net. Right-of-use assets. Deferred income taxes, net. Other assets, net. Total assets.

Current installments of long-term debt and finance lease obligations. Trade and other accounts payable. Product exchange payables. Due to affiliates. Income taxes payable. Other accrued liabilities. Total current liabilities. Long-term debt, net. Finance lease obligations. Operating lease liabilities. Other long-term obligations. Total liabilities. Commitments and contingencies. Accumulated other comprehensive income loss.

Total liabilities and partners' capital deficit. Statement of Financial Position [Abstract]. Allowance for doubtful accounts. Cost of products sold. Operating expenses. Selling, general and administrative. Depreciation and amortization. Total costs and expenses. Other operating income loss , net. Operating income. Other income expense :. Interest expense, net. Other, net. Total other expense. Net income before taxes. Income tax expense. Net income. Less general partner's interest in net income.

Less income allocable to unvested restricted units. Limited partners' interest in net income. Net income per unit attributable to limited partners - basic in dollars per share. Net income per unit attributable to limited partners - diluted in dollars per share.

Weighted average limited partner units - basic in shares. Weighted average limited partner units - diluted in shares. Terminalling and storage. Sulfur services. Product sales. Natural gas liquids. March 31,. Product Sales. Related Party. Related Party Terminalling and storage. Related Party Transportation. Related Party Product Sales. Related Party Sulfur services. Statement of Comprehensive Income [Abstract]. Changes in fair values of commodity cash flow hedges.

Comprehensive income. Increase Decrease in Partners' Capital. Beginning balance. Cash distributions. Unit-based compensation. Gain reclassified from AOCI into income on commodity cash flow hedges. Loss recognized in AOCI on commodity cash flow hedges.

Purchase of treasury units. Ending balance. Common Limited Common. Beginning balance in shares. Forfeiture of restricted units in shares. Issuance of restricted units in shares. Purchase of treasury units in shares. Ending balance in shares.

General Partner Amount. Accumulated Other Comprehensive Income Loss. Cash flows from operating activities:. Adjustments to reconcile net income to net cash provided by operating activities:. Amortization of deferred debt issuance costs. Deferred income tax expense. Gain loss on sale of property, plant and equipment, net. Derivative income loss. Net cash paid for commodity derivatives.

Non cash unit-based compensation. Change in current assets and liabilities, excluding effects of acquisitions and dispositions:. Accounts and other receivables. Change in other non-current assets and liabilities. Net cash provided by operating activities.

Cash flows from investing activities:. Payments for property, plant and equipment. Payments for plant turnaround costs. Proceeds from sale of property, plant and equipment. Net cash used in investing activities. Cash flows from financing activities:.

Payments of long-term debt. Payments under finance lease obligations. Proceeds from long-term debt. Payment of debt issuance costs. Cash distributions paid. Net cash used in financing activities. Net increase decrease in cash.

Cash at beginning of period. Cash at end of period. Non-cash additions to property, plant and equipment. Accounting Policies [Abstract]. Nature of Operations and Basis of Presentation. Accounting Changes and Error Corrections [Abstract]. New Accounting Pronouncements. Revenue from Contract with Customer [Abstract].

Terminalling and storage segment. Lubricant product sales. Throughput and storage. Natural gas liquids segment. Natural gas liquids product sales. Sulfur services segment. Sulfur product sales. Fertilizer product sales. Transportation segment. A selection strategy that we have found to be very useful is to alternate generations, where the first strategy is used in odd generations and the second in even ones. When breeding two hierarchies of expert advisors, the breeding procedure selects a random node in each hierarchy and swaps the subtrees under these nodes if the nodes are of the same data type.

Figure 3 shows an example of breeding two expert advisors. Selection of a subtree to be swapped is made by first choosing a node level and then selecting a node from within that level. Selecting node level can be uniform, Gaussian with fixed mean, or Gaussian with mean based on evaluation score. In the latter, the higher the score the smaller the substructure swapped and therefore the smaller the change. Once a level is chosen, the node is randomly selected from a uniform distribution.

Mutation is used to introduce diversity into the population. After breeding, the hierarchy is traversed, and depending on a user assigned mean mutation rate, leaf node input variables are randomly selected from a uniform distribution and changed to other valid values. Similarly, a node function can mutate to another type of function, for example a MACD indicator may mutate to a Moving Average indicator, and selected subtrees may be. Figure 3. As we consider a hierarchy of expert advisor our genome, the corresponding phenome or offspring is a MetaTrader expert advisor source code.

To create an expert advisor code from a hierarchy, hierarchy nodes are traversed to create a text file formatted in the MetaTrader MQL5 language [23]. First the hierarchy is traversed to define all input variables. All unlinked input variables are output as instance variables, with predefined values.

All linked variables are output as local variables. The hierarchy is then traversed again. Each linked output variable is visited and an assignment statement is output, whose left side is the name of the input variable in the parent node that the output variable is linked to, and whose right side is an expression that operates on the input variables in the current node. Variables can be of the types: integer, double, string, color, etc. The system provides conversion between types.

This compiled expert advisor is then attached to a chart in MetaTrader for backtesting using historical data or for demo or live trading. The system evaluates expert advisors using a fitness function. Then it converts the criteria into a fitness function ranging between 0 and using a special formula. If needed, it combines fitness based on weights. For example, the combined fitness score of Net Profit and Profit Factor is calculated using weights of respectively.

When inserting new expert advisors into the Net Profit pool of the multiple generation population, the net profit fitness function is used, but while inserting new expert advisors into the output pool, a combined fitness function of weights of 1 of each of the five performance criteria. Before inserting an expert advisor into multiple population generations, it has to pass robustness testing; first it has to be retested on unknown data or out of sample data to re-evaluate its performance.

Second, it has to pass different robustness testing such as changing the data range, eliminating some trades, or changing a number of parameters. Because of its organization, it is easy to configure GenFx to run in a multiple process mode, where each process contributes to the evolution of the multiple-generation population. Besides increasing speed, this has the advantage that each process may use different generation parameters and selection strategies. Figure 4 shows GenFx running in multiple processes mode, with all processes updating the common multiple-generation population.

Reproduction takes place in parallel, which models another feature of natural evolution. We have implemented this in communicating parallel processors sharing a common data store. Figure 4. Multiple processes mode. In order to demonstrate the performance of GenFx features, several experiments were conducted.

The same generation parameters were used in all of the experiments. However, in each successive experiment, an additional extension to the selection and breeding algorithms was used. Each experiment was run for generations, with parent pairs parents total selected for breeding in each generation, with each pair, producing two children children total.

The fitness function is combination of Net Profit and Profit Factor with weights of respectively. In the genetic algorithm literature plots such as this generally show the best solution over time. Here we plot mean rather than best score since the focus in this study is on the quality of the entire population and not only on the best strategy.

In the following sections, we describe each extension and the experiment results. First experiment is the base case, using a standard genetic algorithm approach. In this experiment, initial population is chosen based on Gaussian ranking selection. Population size was set to expert advisors strategies. The following parameters were used:. The initial parents are bred together generating new offspring. The standard genetic algorithms uses an implementation of Elite [2] , keeping the best three strategies in every generation.

Figure 5 shows the results of using a standard genetic algorithm. Standard Genetic Algorithm with Restarting Option. In this experiment, a Standard Genetic Algorithm used with option to restart the generation process if there was stagnation for over five generations. Best generated expert advisor strategies were inserted into the output pool. Figure 5 shows the mean score of output pool during the experiment. It is clear that results have improved from last experiment. In this experiment, the base experiment has been extended to use a multiple generation population of size Each two parents were selected from the output pool of the multiple generation population.

In Figure 5 , we can see improvement, in the mean score, over the standard genetic algorithm, and comparable results to last experiment. We also see that progress is monotonic, with no drops in score.

The flat curve, between generations and , shows stagnation and lack of progress. In this experiment we use gender based selection by selecting one parent from the Net Profit pool and the other parent from Profit Factor pool. Generated children will be inserting into the multiple generation replacing weaker or lower score ones. Figure 5 shows the results of using a gender selection along with using multiple generation population of size It shows that Gender Based Selection extension improves over multiple generation population.

It seems that the gender-based selection is a favorable extension to the multiple generation population. Figure 5 shows results of applying aging to a multiple generation population with gender. As shown in the Figure, the resulting strategies improve from one generation to the other.

It seems that adding aging decay helps improve. Figure 5. Figure 6 shows that performance of Gender-based multiple generation populations using different fitness functions. Since the gender-based selection is parents from both the Net Profit and Profit Factor pools, where strategies are strong in these two features, the genetic process has resulted in strategies with high score in both these features.

However, generating such strong strategies have results in improved the features of Sharp Ratio, Max Draw Down Percentage and Stability as shown in Figure 6. In order to reconfirm the results obtained so far, we have repeated the five previous experiments using the Net Profit and Maximum Draw Down Percentage pools of the multiple generation population. As shown in Figure 7 , similar results are obtained where applying aging decay to the gender-based selection is the best performing method.

Results shown in Figure 8 reconfirm previous results obtained as well. Since the gender-based selection is selecting parents from both the Net Profit and Maximum Draw Down Percentage pools, where strategies are strong in these two features, the genetic process has resulted in strategies with high score in both these features.

However, generating such strong strategies have results in improved the features of Profit Factor, Sharp Ratio, and Stability as shown in Figure 8. It is interesting to note that the profit factor feature has improved even better than Maximum Draw Down Percentage.

In order to test the performance of GenFx running in multiple processes mode, we used 12 processes running using common multiple generation population as shown in Figure 9. Each processor of the first 10 processors is running in gender-based mode. In each run, parents are selected from two of the multiple generation population pools. The last two processors are used to introduce diverse strategies to the multiple generation population. The twelve processes where organized as follows:.

Figure 6. Measuring the performance of Gender-based MPG using different fitness functions. Figure 7. Figure 8. Figure 10 shows the results of running the twelve multiple processes for generations using previous set-. Figure 9. Multiple processes method. Figure Measuring the performance of multiple processors method. As shown in the Figure, the stagnation problem has been avoided. There is overall improvement in the performance of the system.

Using a multiple-generation population has shown to be an improvement over the standard genetic algorithm. It is clear that the gender extension has introduced diversity and avoided stagnation. It is obvious that introducing the concept of aging allowed successful strategies many chances to be selected and eventually removed them so that they do not dominate the population. This has provided more diversity and formed the best combination of extensions so far.

It seems that the multiple processes extension has improved results, avoided stagnation, reduced risk, and been outperformed by using a single processor. Although GenFx system is inspired by our previous system GenShade, and GenFx outperforms GenShade by adding extra processes to its multiple processes method to generate random expert advisors and continuously introduce diversity into the multiple generation population. However, the problem is that there are several variations of successful strategies that can be detected manually only at this time.

A sophisticated algorithm is needed to automatically eliminate variations of successful strategies that are slightly different. It would be interesting to analyze what might make interesting strategies. Interesting strategies could be analyzed and certain patterns, e.

Mutation could favor substituting these subtrees for hierarchy nodes. The methods described in this paper are not limited to the Forex market only or financial problems but are applicable to many other fields. Since one of the main goals of this work is to create a portfolio of successful expert advisors for live forex trading, there should be more work to be done:. MetaTrader [23] is an electronic trading platform widely used by online retail foreign exchange speculative traders.

It was developed by Meta Quotes Software and released in The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. Expert Advisors are programs that allow automation of the analytical and trading processes in the Meta Trader platform [23]. They provide automatic buy, sell, and money management decisions. Automatic trading eliminates the human factors of greed and fear.

In this work, we generate expert advisors in MQL5 language because of the reliability of the backtester of the MetaTrader 5 platform. Net profit is the difference between the gross profit and the gross loss. Gross profit is the total of all profitable trades in money terms.

Gross loss is the total of all losing trades in money terms.

Balance 2 mmgp forex bv investment

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forex trading The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in the countries where the Group operates and generates taxable income. Sulfur Services Segment. For hedged transactions that are still expected to occur as originally forecasted, the closure results in the realized gain or loss being deferred until the hedged transaction affects earnings. Other Miscellaneous Agreements. Figure 7. Our audit procedures included the following:?
Binary option real stories The two types of inputs are further prioritized into the following hierarchy:. Assessing the commercial viability of results relating to exploration and evaluation activities carried out in the relevant license area? Details of the nature of the engagement and the amount of fees charged are provided in Note of the financial statements. X - Definition -- None. Due to the current size of the Group and the extent of its operations limited short-term incentives, such as performance based bonuses or longer term incentives, were provided to KMP other than as shown below.
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Balance 2 mmgp forex Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Unobservable inputs represent the Partnership's own market assumptions. Sale of goods Revenue from sales of gold is recognised when control of the goods has transferred, being the point in time when the goods have been shipped to the customer. The EIR amortisation is included in finance costs in the income statement. This is focus fiscal year of the document report in YYYY format. The aggregate total costs related to selling a firm's product and forex charts by esignal market, as well as all other general and administrative expenses.
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    1. Vigal
      20.08.2020 04:08

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