|
PureBytes Links
Trading Reference Links
|
Hi Chris,
no problem.
A friend of me often used entry orders
during news. He simply added a buy or sell order just 20-30 pips above/below current
price with a automatic Stopp and take profit.
He used this type of trading at FXCM.
After a while they blocked him trading during news. Now he can only trade with
a request button during news or with a far away entry order.
I have contacted their support and they
confirmed that they have a much higher risk during news because they guarantee
the stopps.
If someone often trades news then they have to pay a lot of money for the difference
between the price they get and the price they have to give you.
It’s very similar with other
brokers, often they simply block the connection. Thereafter they say that it is
only a traffic problem. J
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of kris45mar
Sent: Thursday, May 25, 2006 10:41
AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker] AB and
Forex (starting out)
Thomas
That is very useful, especially about the lower time frames.
Thanks for the replies.
ChrisB
"Thomas Z."
<tzg@xxxxxxxxxxxxxxxx> wrote:
Yes, of course, if you send a entry orders
to your broker then this is order is saved on the server of the broker.
Is this a deliberate or
a function of their bandwidth?
Market makers are very busy during news
and their risk is much higher, especially when they guarantee Stopps which is
typically at forex.
OK, so Metatrader, IB,
quotetracker and eSignal are alternatives?
Metatrader and esignal yes
Quotetracker…i have not tried the
last plugin. Also IB, i have not tried it.
From
where do the different market makers/ brokers obtain their data, if that
is not a silly question?
If this comes from somewhere outside of Australia then this latency may
be a further factor.
Every market maker
makes his own quotes, that’s the bad story. In can happen that your
strategy gives different results with another broker.
This factor increases
with lower time frames. As higher the time frame as more you can ignore this
factor.
- - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - -
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of kris45mar
Sent: Tuesday, May 23, 2006 6:49
PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker] AB and
Forex (starting out)
Thomas
Thx for taking the time to reply.
I will "watch" the action in the news over the next three days or so
and stick to trading outside of those times on my demo account with FXCM.
What this means is if I enter at Market based on what I see I may be way off
the mark.
At present only doing Entry orders at predetermined levels.
Presumably the Entry buy or sell, limit and stop orders reside on their
servers?
Meaning that if I have a PC/ISP/software crash then those orders are still
good?
See also
my responses below in green.
Many thanks.
ChrisB
"Thomas Z."
<tzg@xxxxxxxxxxxxxxxx> wrote:
- - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - -
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of kris45mar
Sent: Monday, May 22, 2006 7:27 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] AB and Forex
(starting out)
Hello All...
Looking to play with FX platforms and feeds.
Is there a significant difference between prices/quotes between the different
market makers?
Yes, this can happen, especially in fast markets (news), some brokers react
faster than others, some have gaps, some not, and so on. FXCM mostly reacts
slower.
Is this a deliberate or a function of their bandwidth?
It’s very important to test a demo and ask the broker if the demo
reflects real prices.
What I am getting at is this: if I get Fx prices from say
quotetracker but use FXCM trading platform ( their charts are not that hot) or
from Oanda, is this viable or fraught with error?
See above. I have seen difference of 20 pips at fast markets, for about 30-60
seconds. But it could also be that some brokers don’t show their real
prices in the charts and update their charts later, i have seen this also.
I can chart fx data in AB with Amiquote down to one minute, but only on some of
the currency pairs.
Does anybody use *one* trading platform and a *different* data source?
I would guess that for anything other than intraday moves this would be OK, but
not OK for intraday moves.
Yes, i use Metatrader quotes for amibroker. As long as you don’t trade
news it’s OK. Forex news are mostly very heavy and some brokers even
block you trading. J
Under normal conditions it’s no problem. Of course, it also depends on
your strategy.
Just looking around at FX platforms and how best to integrate this with AB Pro,
latest version.
I am presuming it is better to find a way to use the same data as the market
maker feeds us. Yes, of course, but
not all market makers give you their feed.
OK, so Metatrader, IB, quotetracker and eSignal are alternatives?
How would one go about this or is one then best to use their charting.
I prefer to use and test strategies with a Stopp and profit target of at least
25 pips or more. In such cases the price differences between brokers are not so
important, because they are only about 10% of my target.
Point taken, so slightly longer time frames, perhaps.
(Does anybody here in Oz use any of the CFD providers for forex? E.g. Man or
CMC?
Or is it better to just stick with a dedicated Fx plaform?
Don't want to clog the boards with this:
If there is anyone here in W.Australia with any advice please contact me at
kris45mar [at] yahoo.com )
CMC seems a little bit slowly to handle,
but i have not tested it on a live account.
From
where do the different market makers/ brokers obtain their data, if that
is not a silly question?
If this comes from somewhere outside of Australia then this latency may
be a further factor.
Feel free to call! Free
PC-to-PC calls. Low rates on PC-to-Phone. Get
Yahoo! Messenger with Voice
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
SPONSORED LINKS
YAHOO! GROUPS LINKS
|
|