Recent content by MGBRoadster

I've been using Stadia Trustees for about 3 years. I've never had any problems with them, so haven't needed to try any other administrators. I use my IB SIPP account mainly for trading futures. Margin for ES is currently GBP 5150 as opposed to GBP 3434 in my regular account. You can't trade...

Yesterday ForexFactory had a forecast for the EIA inventories data of 1.4 million barrels more than last week. DailyFX had +1.7 m. The actual figure was +6.2 million barrels. If there is more oil in inventory than there was last week, and there is more oil than had been forecast I would expect...

Hi ReyRey, There are two pdf books that give a pretty good start to Easylanguage: https://www.tradestation.com/support/books/pdf/el_getting_started.pdf and https://www.tradestation.com/support/books/pdf/EL_Essentials.pdf Theres a list of variables in one of the appendixes. Also it's...

Hi Thomas, I think it's in the HMRC rules for SIpps. I guess it's got something to do with the theory that a losing Long position can only be a finite amount (ie it can never go below zero), whereas the loss on a Short could potentially be infinite. HMRC probably haven't heard of stoplosses...

It says here: http://ibkb.interactivebrokers.com/node/1030 "A cash account only allows a sub account to trade stocks, bonds, equity options, futures, futures options, single stock futures (SSFs), ETFs, forex and warrants. ... Cash accounts can only trade the following order types: long stock...

I use EOD Futures data when I'm developing a strategy, but I check it against intraday futures data before going live. This is because there can be significant differences between the intraday prices (that we trade) and the EOD data. For example the e-mini S&P Contract's "settlement price" (ie...

I got clarification of this from Gerald Perez. He said: "SIPP accounts can only trade in a cash account. Futures values can be very large in value, so they are not deemed to be purchased 100% of the value in cash. Thus we defer to asking the SIPP beneficiary to deposit a collateral which is...

Hmmm I've just been to an IB webinar where Gerald Perez said that you can't trade futures because you can only have a cash account in a SIPP (ie no margin). They'll post a copy of the webinar here: http://www.interactivebrokers.com/en/pagemap/pagemap_webinars.php?ib_entity=uk I think we would...

Hi Carlo, This should get you started: You will need a chart with Daily bars as Data1 and Monthly bars as Data2 . Try this code: If DayOfMonth(date) = LastDayOfMonth(month(date)) and Close > Average(Close of Data2, 5) then Buy next bar at Open ; If DayOfMonth(date) =...

Thanks guys - blindingly obviuos now. Must have been overthinking it.

Unfortunately maths was never my strong point. Could someone have a look at this and let me know if the logic is correct? I've been backtesting an intra-day forex strategy. The trade management works like this: Trade with 3 lots, removing one lot at each of 3 target levels. Target 1 - 15 pips...

Small world, Mick. I moved to Southport about 18 months ago. The pub at Winwick that Phil used to use is a good location for me - close to M6 and M62. Chris

I export data from IB (via Quotetracker and Amibroker) for backtesting. There's no QM data on IB for Friday 10th Oct until about 6:30 Monday morning UK time. Can anyone suggest where I could find the missing period ?

Er2 I can't find the emini Russell 2000 (ER2). Do IB / Globex not offer this anymore ?

You could already have an indicator in your charting package, but with a different name. In Amibroker it's called a "chandelier exit", and in Quotetracker it's a "volatility stop". It may be worth checking the help files