All these entry/exit signals you will see will be part of my Analytics service. This monthly pricing will definitely be doubling as this proves its value!
Here is the second new videos to showcase the power of my new charts with exotic forex pairs.
I keep hearing about the concern of the spread between exotic forex pairs. I can definitely see this in exotic forex pairs which can impact your profit. We also need to understand the nuances of what impacts increase of the spread
I have also set this Monday on a topic that maybe of interest to a few select number of people.
My experience with many online charting packages was not good. Find out why. One hint is that Javascript is a a pure pain to work with. This will be streamed live on my Youtube channel atYoutube.com/quantlabs
I have scheduled this to be live on Monday Nov 12 at 7 PM EDT. There will be no video playback of this since I will make it part of my Python Algo Trading course which will help for potential algo traders.
IMPORTANT! This list will shut down in coming days!
I will be closing down my MailChimp account this Tuesday. This means it will no longer be valid as I am porting only the active folks to my new Infusionsoft account. If you want to carry on with my learning of development in algo trading, please visit one of these two links to get signed up to my Infusionsoft CRM list.
I keep hearing about the concern of the spread between exotic forex pairs. I can definitely see this in exotic forex pairs which can impact your profit. We also need to understand the nuances of what impacts increase of the spread
Thanks to this person for sending on this topic of unknown dynamic bid ask spread which works against you for forex trading thanks to your broker
These are wise words from a very experienced trader in my community. This was sent out with the original email sent out yesterday so see below:
A couple of tips with MT4
Not commonly known is that you can show both Bid and Ask lines on the MT4 platform chart. This way you can observe how you broker widens the spread often before the next candle is printed
Uncheck your grid lines – i.e. show grid,
Select the colour for the Bid line – ie select “Grid” in this case it is Aqua, and the ask line is Magenta
You can see the Bid (Aqua)/Ask (Magenta) spread on the chart below.
Be aware that some brokers such as OANDA have a dynamic bid ask spread – which can also trigger you exits prematurely or miss your targets. There is also the issue of delayed orders. See attached file.
Finally your readers should be aware of the different types of brokers ECN, STP, market makers (MM) and hybrids. This affects your execution as well – they MM and hybrid have two types of clients A=Book and B-Book – but that is for another time.
these are my results from testing and observation, there are nothing contrived here.
Just a heads up for those traders starting out should know that the odds stacked against them in this casino.
Here is another link that I encourage novice traders to view.
What Are Transaction Costs and How Do They Impact Your Algorithm’s Performance” Webinar
Original email:
Understand bid ask spread price for forex trading success
Very important to under get the fundamentals of this otherwise you will be whining about your losses you cannot figure out,. Watch the video in this link as well
Check exit on ask or bid during bar event in algo trading
Question for someone in my Telegram group but this is a influential person so thanks to them
When I check for an exit, I am using bar events (onBar) for each FX pair.
When I check for price action on the price, should I be using ask bar or bid bar close? Or should I use the corresponding mid point of the ask or bid bar?
You buy at the ask and sell at the bid, so the most natural way to handle it is to exit long trades at the bid, and exit short trades at the ask. Alternatively you can use the mid price, but it is really just a matter of preference.
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
The FinAsym package implements the Lee and Ready (1991) and Easley and O’Hara (1987) tests for, respectively, trade direction, and probability of informed trading.
https://cran.r-project.org/web/views/Finance.html
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
Using XLQ to get Yahoo Finance Bid and Ask in DotNet CSharp
This is a very good tool to retrieve data so search it on my youtube.com/quantlabs channel. You can retrieve multiple data sources including Yahoo Finance. Also, the coding is much simpler and cleaner than something like TWSLink or the Interactive Brokers API.
The Visual Studio solution package with source code is availabe to my Quant Elite members
