Making £8k a month on the FTSE
- Thread starter mrptraderman
- Start date
- Watchers 47
MrP
With IG Index or Capital Spreads, let's say at 8am are you able to execute a spreadbet immediately at 8am on the dot. With ODL Esp this morning which annoyed me I was still getting quotes and was unable to buy or sell at the click of a button!
Before I go to work if there's a signal between 8 and 8.30 I'll spread bet.
Which company do you use mainly?
With IG Index or Capital Spreads, let's say at 8am are you able to execute a spreadbet immediately at 8am on the dot. With ODL Esp this morning which annoyed me I was still getting quotes and was unable to buy or sell at the click of a button!
Before I go to work if there's a signal between 8 and 8.30 I'll spread bet.
Which company do you use mainly?
mrptraderman
Member
- Messages
- 54
- Likes
- 5
Vchohan
I mainly use igindex to trade but also capital spreads.
I mainly use igindex to trade but also capital spreads.
why do you use both and not one?
EDIT: another question... Looking at your strategy and the market your looking at if you increased your trade profit target and stop loss to 20 points do you feel you would make more profits, stay the same or make more losses?
EDIT: another question... Looking at your strategy and the market your looking at if you increased your trade profit target and stop loss to 20 points do you feel you would make more profits, stay the same or make more losses?
Last edited:
mrptraderman
Member
- Messages
- 54
- Likes
- 5
Spread the money around try stay under their radar. I use many more aswell
Kazjitsu786
Newbie
- Messages
- 3
- Likes
- 0
1000 point months!
Hey i 'm interested whats your secret ..... fancy telling me more!
Well done anyway!
Hey i 'm interested whats your secret ..... fancy telling me more!
Well done anyway!
mrptraderman
Member
- Messages
- 54
- Likes
- 5
Great vchohan
I didnt update the friday result but it was 65 points profit and today was a stormer at 104 points. I am glad to see some are trying it i believe killphil8 had some success good. nite all my blonde beauty awaits
I didnt update the friday result but it was 65 points profit and today was a stormer at 104 points. I am glad to see some are trying it i believe killphil8 had some success good. nite all my blonde beauty awaits
mrptraderman
Member
- Messages
- 54
- Likes
- 5
Especially for vchohan and for those that need a bit more data and to check results against ftse graph if it helps i will give fridays log but i cant keep doing this
Signal time Result Points made
8.20 Loss -15
8.30 Win +42
9.30 Win +18
11.00 Loss -15
11.10 Win +31
13.05 Loss -15
14.50 Win +12
16.30 Win +12
I believe it equals 65
Signal time Result Points made
8.20 Loss -15
8.30 Win +42
9.30 Win +18
11.00 Loss -15
11.10 Win +31
13.05 Loss -15
14.50 Win +12
16.30 Win +12
I believe it equals 65
glyder
Established member
- Messages
- 755
- Likes
- 94
Mr Ptraderman,
You seem to have hit on a similar idea to R C Allen's commodities trading system (from the 70s). He used 4, 9 and 18 MA buit on a daily basis not 1 minute. He was very successful with it. I used it with good results on soybeans sometimes, but as it was on a daily the stop losses required were rough on a small account. (example attached)
You seem to have hit on a similar idea to R C Allen's commodities trading system (from the 70s). He used 4, 9 and 18 MA buit on a daily basis not 1 minute. He was very successful with it. I used it with good results on soybeans sometimes, but as it was on a daily the stop losses required were rough on a small account. (example attached)
Attachments
![legend[1].gif](/data/attachments/36/36960-998e6d6c244447a0e7b50d780d118e04.jpg)
Nice result MrP, Keep it up and dont scare the spreadbetting companies away
....mrptraderman
Member
- Messages
- 54
- Likes
- 5
All
i will try answer all questions asked in one post. I wait for signals myself its not automated but i know it could be programmed to give signals actually. Average trade duration normally is about 5 to 7 minutes but can be long as 1 hr on rare occassions and also 1 minute to 3 minutes is quite common.
I utilise a trailing stop for extra profits. You wont be given it as an automatic selection you need to go into your profile somewhere and you must set it to display trailing stops. If you put in trailing stop into the igindex help it tells you how to do it. I use it very effectively to gain extra points. Hope i have answered each point.
i will try answer all questions asked in one post. I wait for signals myself its not automated but i know it could be programmed to give signals actually. Average trade duration normally is about 5 to 7 minutes but can be long as 1 hr on rare occassions and also 1 minute to 3 minutes is quite common.
I utilise a trailing stop for extra profits. You wont be given it as an automatic selection you need to go into your profile somewhere and you must set it to display trailing stops. If you put in trailing stop into the igindex help it tells you how to do it. I use it very effectively to gain extra points. Hope i have answered each point.
Bertie
Go to last Friday's trading day. Set the chart to show what MrP said his MA's were early with the time frame he says he uses(Page 7 on this thread). Then check where is entry points were from top of page 17 on this thread. That's where he takes entry. hope it helps.
Ljr thanks for the help but I don't have anything under preference that will allow me to switch on the trailing stop loss. I have: Help, Falshes, Mutiple Deal Tickets and Session Inactivity. That's all there is. Am I missing something or what?
Viks
Go to last Friday's trading day. Set the chart to show what MrP said his MA's were early with the time frame he says he uses(Page 7 on this thread). Then check where is entry points were from top of page 17 on this thread. That's where he takes entry. hope it helps.
Ljr thanks for the help but I don't have anything under preference that will allow me to switch on the trailing stop loss. I have: Help, Falshes, Mutiple Deal Tickets and Session Inactivity. That's all there is. Am I missing something or what?
Viks
Not sure then. The options you mention are below the Trailing setting on mine. Best to get hold of IG and ask them. Sorry
