This article might help you get started: http://www.breakawayresearch.com/PDFs/SCArticle.pdf
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sandcrab2009
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hi
I am new to the forum and could use some help with thinkorswim. I have some EA's and would like to know if it is possible to insert them in 'thinkorswim. Any suggestions are welcome.
I am new to the forum and could use some help with thinkorswim. I have some EA's and would like to know if it is possible to insert them in 'thinkorswim. Any suggestions are welcome.
scouser
I looked into future and option trading a number of years ago, looking at the general economic situation I feel that this is an excellent time to look at starting again, I'm particularly interested in commodities. I want a good software trading platform for my apple mac computer. I did look at metastock and other programmes years ago but would like some advice on the latest software, signal providers, and the most cost effective way to get started trading, such as spread betting.
I looked into future and option trading a number of years ago, looking at the general economic situation I feel that this is an excellent time to look at starting again, I'm particularly interested in commodities. I want a good software trading platform for my apple mac computer. I did look at metastock and other programmes years ago but would like some advice on the latest software, signal providers, and the most cost effective way to get started trading, such as spread betting.
if a/c is sterling, close EUR/USD for 1 lot profit: is profit 10GBP?
Sure could use some education please.
Below is quoted post which I attempted to answer and got myself in a muddle. Why? well... I just automatically assumed that IF a/c is say sterling THEN when a trade is closed for 1 Lot profit that the P/L would show +10GBP ie, the a/c ccy.
Any other thinking (so I thought) would be way to complicated because 1 Lot pip value for direct ccy pair is 10USD but since working with sterling... well, surely - I'd just expect that my 1 lot trade would return 1 lot value of 10GBP...
See? my confused explanation above has demonstrated my situation.
Is why I like to attempt to answer questions... simply because I generally expose my weaknesses to ME when I get in a muddle answering a question.
Then... I can, for myself, ask for more education
from you :smart: people
Thank you
Sure could use some education please.
Below is quoted post which I attempted to answer and got myself in a muddle. Why? well... I just automatically assumed that IF a/c is say sterling THEN when a trade is closed for 1 Lot profit that the P/L would show +10GBP ie, the a/c ccy.
Any other thinking (so I thought) would be way to complicated because 1 Lot pip value for direct ccy pair is 10USD but since working with sterling... well, surely - I'd just expect that my 1 lot trade would return 1 lot value of 10GBP...
See? my confused explanation above has demonstrated my situation.
Is why I like to attempt to answer questions... simply because I generally expose my weaknesses to ME when I get in a muddle answering a question.
Then... I can, for myself, ask for more education
from you :smart: peopleThank you
Hello - is a large area with many methods and views on subject. Here are a few links which may interest you.
"Trading Stochastic Crossovers with 1-2-3 Top Formations" http://www.tradingeducators.com/resources/stochastic_crossovers.pdf
"The Stochastic Kiss Pattern" The Stochastic Kiss Pattern | GFT Forex
"Stochastic Programming Bibliography" http://mally.eco.rug.nl/biblio/STOPROG.PDF
"Stochastic Oscillator" http://www.4x4u.net/educationPDFs/B10.pdf
“Stochastic Systems: from Randomness to Complexity” “Stochastic Systems: from Randomness to Complexity”
"Trading Stochastic Crossovers with 1-2-3 Top Formations" http://www.tradingeducators.com/resources/stochastic_crossovers.pdf
"The Stochastic Kiss Pattern" The Stochastic Kiss Pattern | GFT Forex
"Stochastic Programming Bibliography" http://mally.eco.rug.nl/biblio/STOPROG.PDF
"Stochastic Oscillator" http://www.4x4u.net/educationPDFs/B10.pdf
“Stochastic Systems: from Randomness to Complexity” “Stochastic Systems: from Randomness to Complexity”
Hi, quick question!
I currently trade ftse 100 rolling index with Finspreads. As my cash balance increases I am intending to start trading real futures contracts for the ftse 100.
I am using technical indicators - basic stuff, macd, momentum, parabolic SAR etc.
My question is this - how likely is it that the futures chart for say Mar 09 will throw up the same signals to me as the Finspreads rolling ftse 100 sb instrument? I am having reasonable success and I'm quite comfortable with the indicators and current system I use but I feel that there is a profit advantage to be had trading futures contracts. This is because the spread is about 33% of my average win, hence I'd be better off with a half point spread + commisssion + CGT.
thanks in advance for your opinions
I currently trade ftse 100 rolling index with Finspreads. As my cash balance increases I am intending to start trading real futures contracts for the ftse 100.
I am using technical indicators - basic stuff, macd, momentum, parabolic SAR etc.
My question is this - how likely is it that the futures chart for say Mar 09 will throw up the same signals to me as the Finspreads rolling ftse 100 sb instrument? I am having reasonable success and I'm quite comfortable with the indicators and current system I use but I feel that there is a profit advantage to be had trading futures contracts. This is because the spread is about 33% of my average win, hence I'd be better off with a half point spread + commisssion + CGT.
thanks in advance for your opinions
sushiparlour
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Is there a beginner's guide anywhere for learning MetaTrader 4's EA? Cause i'd like to pick it up but some of the things I've read seems a bit complicated, as I only have a little experience in programming.
samfarrell
Member
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What to begin with
Hi
I was wondering what people think is the best area for a newbie to start trading with ie: shares, indices, commodities, forex ?
I have been using spread trading demos for a while, although i think it would be better if I focused on one product
thanks
Hi
I was wondering what people think is the best area for a newbie to start trading with ie: shares, indices, commodities, forex ?
I have been using spread trading demos for a while, although i think it would be better if I focused on one product
thanks
chukecheez
Newbie
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I am interested in owndata for real time trading. I know it is a add on for tradestation but
I would like to know sources for data
I would like to know sources for data
new trader
started trading a couple of months ago, mainly fx , ftse and wall st. I am floundering.
Trading only on trends and bits of news. Has anyone got any advice to make my trading more scientific, more succssful?
Mike
started trading a couple of months ago, mainly fx , ftse and wall st. I am floundering.
Trading only on trends and bits of news. Has anyone got any advice to make my trading more scientific, more succssful?
Mike
You have already partially answered your questions by suggesting your trading should become more scientific. Regardless of specific methods used, find a way to systematically accumulate knowledge about your trading activities, i.e., make sure lessons are learned, not just experienced. Also, consider concentrating on just one market, at least for a while.
ScareKro42
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A question about options trading. I have had some experience with writing covered calls on shares I already own and/or selling puts on shares I wouldn't mind owning. I was recently burned by this when I sold a put and the underlying tanked completely and I was left holding the bag, paying a great sum to either buy the shares (at a great deal more than market) or buy back the put option. My own fault... bad call.
Just wondering... what's the best way to enact a Stop Loss on this type of strategy? I could look at buying a put at next lower strike or another month out (expiry). Is there a better way, as this tends to eat up all the premium I received for selling the put in the first place?
I don't know the mechanics, but perhaps placing a 'conditional' put purchase in place, triggering on the underlying stock reaching a pre-determined value? Anyone with some options trading experience out there have some ideas to offer?
Many thanks,
Kevin
Just wondering... what's the best way to enact a Stop Loss on this type of strategy? I could look at buying a put at next lower strike or another month out (expiry). Is there a better way, as this tends to eat up all the premium I received for selling the put in the first place?
I don't know the mechanics, but perhaps placing a 'conditional' put purchase in place, triggering on the underlying stock reaching a pre-determined value? Anyone with some options trading experience out there have some ideas to offer?
Many thanks,
Kevin
when ur wrong and trade goes against u
Day Trading:
How do u handle a for example .60 trend that went against u.
Do u hold and wait for it to come back
Do u make sure u get out before it gets that bad
Do u double up(get in again with same trade)
Do u get out take loss and try to make it back
Anyone know some warning sighns that a rally or
trend is coming
What is the price that u get out when wrong and stock is moving
against u , .20 .30 .40 cents?
Day Trading:
How do u handle a for example .60 trend that went against u.
Do u hold and wait for it to come back
Do u make sure u get out before it gets that bad
Do u double up(get in again with same trade)
Do u get out take loss and try to make it back
Anyone know some warning sighns that a rally or
trend is coming
What is the price that u get out when wrong and stock is moving
against u , .20 .30 .40 cents?
Last edited:
TickerHeads
Junior member
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Well in the case of a naked put if you want to own the stock anyway, then best approach would be to leave a resting sell stop order in the market on the underlying stock. That way if you are assigned the stock your loss will be equal to the (strike price sold - sell stop price) - premium received. Otherwise if you buy back the put, you are paying add'l time value premium.
Or if you are worried about the stock in the short-term after having sold the naked puts, just short enough shares to get to delta neutral.
Hi, Can someone help me on how to close a trade on Alpari MetaTrader? It opens a new trade whenever I want to close a previous trade on the same pair. Example on USD/JYP, I buy then to close the trade I sell. But the metatrader opens two trades, 1- buy and 2- sell.
Expecting your response soon.
Expecting your response soon.
Hi everyone,
Howdy from Texas!
Are there any good resources for understanding what tick charts are and how they can be interpreted? I see lots of references to "price action being a leading indicator" and "tick charts being THE tool" .
I tried searching through this forums and the articles but did not really find any obvious matches. Should admit that I have not tried Google yet - seem to get a lot of commercial matches who want to sell you something. Also, not everything you read on those websites can be true!
Thanks in advance.
Howdy from Texas!
Are there any good resources for understanding what tick charts are and how they can be interpreted? I see lots of references to "price action being a leading indicator" and "tick charts being THE tool" .
I tried searching through this forums and the articles but did not really find any obvious matches. Should admit that I have not tried Google yet - seem to get a lot of commercial matches who want to sell you something. Also, not everything you read on those websites can be true!
Thanks in advance.
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