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TextMagic - £15 per 150 SMS messages. (Worth every penny ;-) ).
http://www.textmagic.co.uk/magicmessage/
Regards,
Kevin
At 16:27 16/04/2005 +0100, you wrote:
Yeah, that s
a good way of freeing yourself up. I use the .wav file alert function for
when I m loafing around the house trying to recover some
sanity&
What SMS/email service do you use?
From: Metastockusers@xxxxxxxxxxxxxxx
[mailto:Metastockusers@xxxxxxxxxxxxxxx]
On Behalf Of Kevin
Sent: Saturday, April 16, 2005 11:23 AM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: RE: [Metastockusers] Automatic order execution
Hello,
Thanks for your input on this. Like everything else, it all depends upon
the timeframe that you wish to trade and what you are trying to achieve.
I am based in the UK myself and trade only reversals on a five-minute
chart during European hours and there is no way that I would hand that
strategy over to an automatic trade execution system. However, a friend
of mine trades the Cable very successfully using a modified MA crossover
system on hourly bars. That strategy is far too long-term for my personal
taste but he is looking to ride trends that last several days and ignores
the 'noise' upon which I thrive.
Of course, in order to trade a strategy such as that there are certainly
times that you do not want to be in the market such as 12.30 GMT when the
major US economic reports are usually released. These potential periods
of high volatility are known well in advance and, by using MS formula
builder in conjunction with an auto-execution system such as Dynaorder,
such a strategy can be tuned accordingly and, IMO, could possibly be
traded successfully. It's horses for courses.
For anybody who's interested, in order to free myself from The Screen, I
use a 'halfway house' solution. I have MS generate an email alert when my
potential trade signal is generated which is immediately sent to a
third-party service that converts it to an SMS message and transmits it
to my mobile phone. It happens within seconds. I then saunter over to The
Screen, appraise the overall situation and decide whether or not to place
my bet.
I'm neither condoning nor condemning auto-execution but I do think that
it's an interesting topic for discussion.
Regards,
Kevin
At 13:51 15/04/2005 +0100, you wrote:
I presume you are in the US? In that
case overnight for you means something slightly different to me in the
UK&but please bear the following in mind before you hit the
self-destruct button and let MS trade away your account for you.
Forex on Asian trading hours have different volatility characteristics to
European hours, which are again different from US open hours. This is
because the size of the market participants generally gets progressively
bigger from East to West as you might expect, and also because the US
dollar is still the reserve currency and therefore the primary driver (so
traders tend to watch the US stats and listen to Greenspan before
suddenly, and often spectacularly, driving the market in the direction it
wanted to go anyway).
For my own trading I actually filter out the data from trading between
the hours 7pm and 7am GMT. Apart from the fact that the data is
irrelevant to me because I m either alseep or enjoying myself (or both),
it turns out that, wonderfully, the very few resultant gaps in the data
are generally in the direction of the prevailing trend anyway&i.e. I
still capture all the important turning points. Now why do you think that
is? Hell, it doesn t even seem to make much difference for the Yen/USD.
The resultant intraday charts are now much smoother and make a lot more
sense, both visually and from the way they affect indicators.
If you want to see some stats for yourself then just get an intraday
file, stick it in Excel, create a new column by subtracting the high from
the low and then use a pivot table to plot a chart of time versus the
average high-low range.
So, putting the for/against arguments of purely mechanical trading aside
for one second& do yourself a favour, ignore Equis lunatic advice.
And ignore any forex buy/sell signals you get from Asian trade hours.
Depending on the time frame you are trading you might also like to treat
the European signals with a degree of skepticism also.
In any case, the forex markets are especially big, nasty and wild and
they need your full attention. Yes, it s tough watching a screen all day
&but not as tough as watching your hard-earned money disappear.
From: Metastockusers@xxxxxxxxxxxxxxx
[mailto:Metastockusers@xxxxxxxxxxxxxxx]
On Behalf Of Kevin
Sent: Friday, April 15, 2005 9:39 AM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers] Automatic order execution
Hello,
FWIW, I have been using eSignal for quite a while and have found the
FOREX feed to be (almost) faultless. If you are using MS RT, you won't
need their fancy charting certainly so the basic package will be fine for
you and MS has a built-in eSignal interface. The extra cost for the FOREX
feed is $50 a month; you can't just select one pair, you get the whole
piggy-bank. If you do get a winning trade on in the middle of the night
that you would otherwise have missed then your data feed will be paid
for, right?
I'm certainly interested to know how you get on with Dynaorder - it's
tough watching a screen all day.
Regards,
Kevin
At 12:26 14/04/2005 -0500, you wrote:
Well although it sounds like not many people
seem to be interested in this issue,
I just found another service provider other
than tradebolt. Dynaorder takes a 1-year price of $200-250 and takes
order from metastock to yourdealer realtime.
Now I need a cheap and trustable real time data provider, just for FXcash
market, infact just for euro-dollar. My broker company is refcoFX.
As iam being very specific and request info. About only one specific pair
it should drive the costs down.
I will use this real time data feed on metastock pro to initiate signals
and signals to be routed by dynaorder to my broker refcoFX.
If anyone has comments and information about a convenient real time data
provider pls reply.
Regards
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