Predictive software

[neil]

software

Java

Take a look at www.sierrachart.com

Uses Interactive Broker Data and you can programme your own indicators etc.

$35 per 3 months.

 

[syed]

Hi Guys,

Does anyone know any software that works on predicting the movement of FTSE & Dow Jone.

Thanks

Syed

 

[Trader333]

Does anyone know any software that works on predicting the movement of FTSE & Dow Jone

There isnt any but you will find plenty of claims that there is (usually at enormous cost), and you may as well have asked how to make guaranteed profits from trading which would amount to the same thing in my view.


Paul

 

[Glenn]

Hi Guys,

Does anyone know any software that works on predicting the movement of FTSE & Dow Jone.

Thanks

Syed

Any charting program can do it.
You just have to know how to use it.
SImple really.

Or did you mean that while you are sitting on the settee drinking beer, smoking and eating burgers, the software will be beavering away for you and at some point will ring a little bell informing you that it has now worked out the exact nature and timing of all moves for the next day, prepared market orders and sent them to your broker and all it wanted to do was let you know and sorry for disturbing you.

If so may I suggest www.pigsmightfly.com

Glenn

 

[iq200]

Glenn,

That link didnt work - are you sure its correct ? :cheesy:

Regards,

Imran

 

[LevII]

If so may I suggest www.pigsmightfly.com

What have policemen in helicopters got to do with predicting movements in the financial markets?

LII

 

[trendie]

What have policemen in helicopters got to do with predicting movements in the financial markets?

LII

ha-ha !! coppers in choppers scans better

predictive software is all around us.
there are umpteen pages on the web offering hundreds of percent returns.
They usually go along the lines of:

starting off broke, owing thousands.
discovering some magical method.
years and years of study, through the night.
made a fortune. now living in a mansion, sports cars.
becomes philanthropic.
offers opportunity for a small one-off sum of £49.95.

if their management accounts were ever published, you will find their "income" will be an exact multiple of £49.95.

go figure.

 

[LevII]

if their management accounts were ever published, you will find their "income" will be an exact multiple of £49.95.

Unless, of course, their philanthropy has reached the stage where it knows no bounds and they have taken to disseminating their hard earned knowledge through '1-2-1 coaching'. The charge will, of course, have to be a little more than £49.95 but, as the coach will no doubt enjoy the opportunity for social intercourse, will be limited to an amount that compensates to some extent for what is lost by spending the day away from the trading screen.

The milk of human kindness!

 

[trendie]

People offering courses have always been a bit of an interesting aspect.

Maybe I am lucky, and the ones I have been on have been useful, I have learnt something.
Maybe not a system I would want to trade, but I always take away something new.
Ultimately, we have to find our own way.

But I understand your point. If I could earn a lot of money trading, I wouldnt really put myself out to train others.
The rigmarole of advertising, websites, printing manuals, booking hotel conference rooms, then support or replying to peoples emails, etc, sometimes employing people to cope with the admin, etc etc.
Too much hassle.
I would rather have less money and trade, than the hassle and a bit more money.

Sometimes in my more cynical moments, I do wonder why successful traders would want to teach !!

 

[Trader333]

Sometimes in my more cynical moments, I do wonder why successful traders would want to teach !!

It is good business practice to diversify income streams and, in many cases, a lot more money can be made offering a seminar or tuition service than can be made in a single day of trading.

If we work it out then a one day seminar at maybe £200 per person and 30 attendees gives a nice £6000 payday. I dont know of any traders who make this kind of money day in and day out with no risk involved.

To take the view that true traders will never consider other forms of income has never made sense to me and especially with the possible EU threat of banning direct access trading which is still a real possibility. After all what are professional day-traders to do if this does become law and no other income streams have been developed ?


Paul

 

[trendie]

To take the view that true traders will never consider other forms of income has never made sense to me and especially with the possible EU threat of banning direct access trading which is still a real possibility.
Paul

WHAT !!
Please point to the news article link or legislation document link for this.
This is totally new to me.

Is this some sort of Halloween prank ? Cyber-eggs coming your way.

 

[Hittfeld]

>>If we work it out then a one day seminar at maybe £200 per person and 30 attendees gives a nice £6000 payday<<

I used to be a management trainer / lecturer / keypoint speaker in my previous life. To me the math looks different: You have to cover adds, overhead, room, lunch for the bunch.... . A good trainer/coach/lecturer would receive £ 1.000.00 for the day. But due to preps, travelling, mindset etc he won``t trade the day before and after. So its just £ 333 per day as compensation for missing the very best 3 days of the whole year with that lovely saecular rally. So no risk involved??

Regards

Hittfeld

 

[watsone21]

Hi Guys,

Does anyone know any software that works on predicting the movement of FTSE & Dow Jone.

Thanks

Syed

try first smart which can be found at www.first-trader.com

regards edward

 

[Trader333]

Trendie,

There have been threads on this whole issue on the boards somewhere from over a year ago and it has been discussed at length although I cannot find the link right now. I remember that the EU were giving it around two years before making it law and we even lobbied our Euro MPs from this site to try and change it but we failed to get the amendament we wanted.


Hittfield,

I should have said turnover, but even so I am stunned at how much you were not making. Prior to trading I also gave seminars on a number of different topics and the costs were much less than you have indicated but this may be down to a number of factors including how many services you contracted out.

That said it was only an example and if you look at the likes of VS who has charged £3000 with 150 delegates at a time then you can see how much can be made.


Paul

 

[trendie]

Trader333,

Thanks for your reply.
I only joined Jan this year, so I was more focussed about learning methodologies.
Thats why I missed that thread.

 

[JTrader]

EU ban on direct access trading

Hi Paul

To take the view that true traders will never consider other forms of income has never made sense to me and especially with the possible EU threat of banning direct access trading which is still a real possibility. After all what are professional day-traders to do if this does become law and no other income streams have been developed ?


Paul

There have been threads on this whole issue on the boards somewhere from over a year ago and it has been discussed at length although I cannot find the link right now. I remember that the EU were giving it around two years before making it law and we even lobbied our Euro MPs from this site to try and change it but we failed to get the amendament we wanted

why are the EU looking to ban direct access trading? and is this ban just for individual investors?

Is it just so day-traders will be forced out into the world to do "real" jobs?

What types of direct access trading would this outlaw? - Would it include - all direct access stock trading?
and what about CME Globex futures - forex and eminis? CBOT minisized dow amd other types of exchange based futures? - and - Interbank forex? - as when you trade these you are effectively trading by DMA on the "exchange" in question?

I knew nothing about this. I do hope that I'm not being told that my chosen means to earn a living is to be made off-limits .

Cheers

jtrader.

 

[JTrader]

EU ban on execution only stockbrokers?

http://www.trade2win.com/boards/showthread.php?t=5486

Hi

I've just read through the above thread and notice that it is predominantly referring to "execution only stock-brokers." - Is this the same EU ban on Direct access trading that is a threat?

The last post was over 17 months ago. How have things progressed since then?

Many thanks

jtrader.

 

[Trader333]

James,

Direct Access is "Execution Only Trading". For day-traders this would kill any advantage that the instant placing of trades gives and based on this would make it almost impossible to make money intraday in my view.

The reasons are pathetic and all stem from people who lost money in the technology boom and bust market where they claimed they didnt understand the fact that they may lose money as well as make it.

The next thing the EU will be legislating on will be betting on horses and making sure that you realise that you may lose money in the event that your horse does not win the race.

After that the EU will probably legislate on crossing the road and we will find newly appointed "Highway Safety Officers" who will be responsible for making sure that you realise that when crossing the road you may get run over if you do so when a car is travelling along it at the same time. We will be required to sign a declaration saying that we understand the risks of crossing the road but that we still wish to do so. Hopefully with improvements in bureaucratic efficiency the whole activity of crossing a road may be reduced to only be a 15 minute process from the expected 25 minute process when it is first introduced.


Paul

 

[LION63]

Trader333,

Thank you for the information that you have shared with us regarding the EU legislation; could you kindly tell me if it will affect the customers of companies like Comdirect and TD Waterhouse? Secondly, I wonder if you know if it will affect those that use the spread betting companies? Or are we safe until they decide to legislate on horse racing (as you have joked) and/or casinos?

Many thanks.

 

[Trader333]

LION63,

I am unsure about the two companies that you have mentioned but "If" they are direct access or execution only then they will be affected in the same way.

I dont believe that SB companies will be affected in the same way because a "Bet" is not classed the same as a direct access, or execution only, trade.

I guess if it all happens I will have to become a position trader which will be a whole new arena for me.


Paul