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PureBytes Links
Trading Reference Links
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1. Yes you can make money if you don't sit at you monitor all day.
However, the longer the time frame you trade, the higher the risk. I
believe I saw that risk is proportional to the square root of time. But
then the higher the risk, the higher should be your reward. Here is the
way I trade the Forex - I come up with a strategy and then backtest it
using Amibroker. When I find a strategy that fits my style, then I
trade it. I would suggest that you don't trade any real money until you
have a strategy that has been backtested. It must be simple enough to
trade by hand (like putting in orders and doing a check of the charts)
and you need to know what the potential draw downs and rates of return.
2. one of my trading tools is the 4xmadeeasy program and that program
uses a OEM esignal data feed which works without a hitch in Amibroker.
3. If you want to see what some successful traders are doing, go to
FXCM.com and look at the "King of the Mini" contest. Whoever made the
highest profit in their account gets a cash prize but they also post all
the trades they did that month. You can look at the charts and see what
they looked like when they bought and sold.
Hope this helps.
Byron
Email: lgwbwp@xxxxxxxxxx
Ph: 832-545-6554
-----Original Message-----
From: newnow02 [mailto:newnow02@xxxxxxxxx]
Sent: Friday, March 26, 2004 11:06 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Forex
There's very few links under this Amibroker group regarding Forex.
But thx for the link. I can massage that and pull it into Amibroker
and get a first peek at Forex data.
Questions for you:
1. Are you intraday Forex? Do you think it's possible to make $ on
Forex if you don't closely watch your monitor, i.e. trade with
traditional intraday-type technical approaches? (I'm asking because
I've got a full time job and can't watch a monitor all day.)
2. Why did you go with eSignal? Is it expensive for basic
hourly/daily Forex quotes?
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