Mike & Anna
Newbie
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Hi,
Firstly, sorry if this is a bit long.
We are Mike & Anna; a couple who, starting as complete novices, have experimentally spread betted FTSE and DAX for about 3 years now. During our experimentation we have consistently used 2 platforms; Finspreads and Capital Spreads. The incentive was the hope of it funding our 'dropping out' as soon as we could rely on it. To fund ourselves through this time, one of us has always worked whilst the other has experimentally spread traded (and vice versa).
We have decided to enter this forum because we now need the help of more programming-experienced spread betters and hope to find some here to chat with.
Over the many months we have been plugging away at this I suppose we have come to no longer consider ourselves newbies. Equally though, having been through what I assume are the usual teething pangs (we have been have been bust and back several times), we are under no illusions about the sudden rush to wealth so often mentioned in the sales blurb of the various panacea's out there. "Imagine what you would do with an extra £50,000 a month" Yeah right
Anyway, a few thousand pounds and long laborious months staring at screens later, we think that we have got a formula that finally works for us. It is not sexy. It does not make huge numbers of points per day. However, much more importantly, for the last two months it has made an average of 8.5 points per day with signals that have proven a 0.81 probability of success using fixed stop loss and limit orders.
We now know we need to make two improvements:-
Firstly, the platform. During the development of this formula we have tried to test our idea developments as scientifically as possible and tried to gather as much data (or at least info) on each trade as we could. We have concluded that there is a gulf in performance (spread, reliability of graph feeds and trade execution times) between our two platforms (I use Finspreads and Anna uses Capitalspreads). Suffice to say, based on our data, everything is going onto Capitalspreads for the next stage.
Secondly, to automate. We have looked at the performance data and can see that it would make even more based on the same signals if we could automate the process such that, for example, at given numbers of pips rise from entry of a buy, stop loss and limit orders could move accordingly. However, this would need to be repeatedly re-executed at a rate faster than we would be keen to do the maths for.
Does anyone here have experience of software that can intercept the market data used to fill the fields on the platform and use it to calculate and operate trading instructions based on variables the user can determine, specifically with the capital spreads platform? Is there something cheap off the shelf that can be modified or has someone written anything from scratch?
Hopefully hear from you soon.
Regards,
Mike & Anna.
Firstly, sorry if this is a bit long.
We are Mike & Anna; a couple who, starting as complete novices, have experimentally spread betted FTSE and DAX for about 3 years now. During our experimentation we have consistently used 2 platforms; Finspreads and Capital Spreads. The incentive was the hope of it funding our 'dropping out' as soon as we could rely on it. To fund ourselves through this time, one of us has always worked whilst the other has experimentally spread traded (and vice versa).
We have decided to enter this forum because we now need the help of more programming-experienced spread betters and hope to find some here to chat with.
Over the many months we have been plugging away at this I suppose we have come to no longer consider ourselves newbies. Equally though, having been through what I assume are the usual teething pangs (we have been have been bust and back several times), we are under no illusions about the sudden rush to wealth so often mentioned in the sales blurb of the various panacea's out there. "Imagine what you would do with an extra £50,000 a month" Yeah right
Anyway, a few thousand pounds and long laborious months staring at screens later, we think that we have got a formula that finally works for us. It is not sexy. It does not make huge numbers of points per day. However, much more importantly, for the last two months it has made an average of 8.5 points per day with signals that have proven a 0.81 probability of success using fixed stop loss and limit orders.
We now know we need to make two improvements:-
Firstly, the platform. During the development of this formula we have tried to test our idea developments as scientifically as possible and tried to gather as much data (or at least info) on each trade as we could. We have concluded that there is a gulf in performance (spread, reliability of graph feeds and trade execution times) between our two platforms (I use Finspreads and Anna uses Capitalspreads). Suffice to say, based on our data, everything is going onto Capitalspreads for the next stage.
Secondly, to automate. We have looked at the performance data and can see that it would make even more based on the same signals if we could automate the process such that, for example, at given numbers of pips rise from entry of a buy, stop loss and limit orders could move accordingly. However, this would need to be repeatedly re-executed at a rate faster than we would be keen to do the maths for.
Does anyone here have experience of software that can intercept the market data used to fill the fields on the platform and use it to calculate and operate trading instructions based on variables the user can determine, specifically with the capital spreads platform? Is there something cheap off the shelf that can be modified or has someone written anything from scratch?
Hopefully hear from you soon.
Regards,
Mike & Anna.
