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- sgrig replied Jun 2, 2010
GREAT POST, hanover! This should really be stickied for all the newbies to read. After studying Forex for over 3 years now, I'm slowly coming to similar conclusions...
- sgrig replied May 16, 2010
If you go to the "Calendar" page of this site, in the bottom left corner there is a list of interest rates for major currencies.
- sgrig replied May 14, 2010
I think the problems with Euro highlighted the fact that it's very difficult to have a single currency for countries with completely different economies and different fiscal cultures. For example countries like Greece and Portugal cannot be ...
- sgrig replied May 13, 2010
How about Jim Simons? CEO of Rennaissance Technologies hedge fund. He may not be a "classical" trader, but is running probably some of the most successful automated trading algorithms. He's worth $8.5 billion (Wiki)
- sgrig replied May 13, 2010
Just search for "using dll in metatrader". There is quite a lot of info of this. That's exactly what I'm saying! Altering the price would leave them vulnerable to arbitrage. Of course, increasing spreads doesn't hurt them. Actually, I'm wondering, ...
- sgrig replied May 13, 2010
I think this could only apply to well-known robots that are used by many people. In that case they just increase the spread (like apparently Asian session spreads increased at many brokers due to popularity of FapTurbo). Or perhaps for individuals ...
- sgrig replied Jan 23, 2010
I think the only axiom is that with every tick the price goes up or down or stays the same. This is always true. Everything else requires proof.
- sgrig replied Nov 24, 2009
I know the answer to the mystery: everyone on this thread is CB. He's earned so much money that he is entertaining himself by logging on as different people and talking to himself...
- sgrig replied Nov 24, 2009
This thread is becoming more and more interesting. lol Having read through the beginning of the thread again, I'm now convinced that the original TopCat system is fake. What CB has shown us was his aim, what he wanted to accomplish. He had some ...
- sgrig replied Nov 22, 2009
I think people are trying to make sense of where the spread goes, so here is my take. Suppose we have proper exchange trading (something that doesn't exist for FX): Then if we see a bid/ask spread of 99/101, this means that we have Trader A who is ...
- sgrig replied Nov 21, 2009
If you think about it, GBP has effectively been devalued against the dollar since its highs in 2008 - a fall of over 20%. The biggest drawdown between Nov 2007 and Jan 2009 was even 35%. This is actually similar to the devaluation of the Russian ...
- sgrig replied Nov 19, 2009
Perhaps one could try multi-broker arbitrage - if the quotes on the same pair disagree by more than double the spread for two brokers, buy with the broker where the price is lower, and sell with the one where the price is higher. However I don't ...
- sgrig replied Nov 19, 2009
The problem is that they cheated. When price goes up, they multiply it by 1.01, so add 1%, however when price goes down, they divide by 1.01. However this is not the same as a 1% downward move - it's a 0.99% downward move. So in essence they have a ...
- sgrig replied Nov 19, 2009
It seems that originally CB was using 1hr time frame - in post #31 he says "I only EVER use 1h bars". However then, he gave results from trading 1min bars on IG Index (post #49). The trades file that he attached contains information "Trigger type ...
- sgrig replied Nov 18, 2009
I'm following his Forex Automaton project with great interest. I always find it inspiring when scientists apply their knowledge and skills to try and make money (as I'm a scientist myself). Could he be the next Jim Simons?
- sgrig replied Nov 16, 2009
Ok, thanks. I was just making sure that I understand correctly what you were doing.
- sgrig replied Nov 15, 2009
Hi asm, In your Matlab ullma code, you have x=(0:1/(Length-1):1)'.*(Cycles*pi); but the sinc function is already defined as sin(pi*x)/(pi*x). So the first quarter-cycle is of length 1, and then full cycles are of length 2. So I would've thought, ...
- sgrig replied Nov 6, 2007
The other flip side is that if you have 40 wins and 40 losses in any order, your account balance will change by (1.01^40)*(0.99^40)-1=-0.399% So even if you have 50% wins/50% losses your account will decrease slightly over time.
- sgrig replied Sep 22, 2007
For me stoplosses are an essential part of risk management. When going into a trade and knowing that at worst I will lose only a certain percentage of my account makes it emotionally much easier to "pull the trigger", and also helps to not get ...
- sgrig replied Sep 13, 2007
I've started trading live only very recently, so here is a question for cable long-timers. How often is it as crazy as it has been over the last week?