I have added a version without the extended EasyLanguage keywords.
Pls see the original post.
p.s.
I have not tested it in TS.
pls share your testing experience and enhancements.
I have added a version without the extended EasyLanguage keywords.
Pls see the original post.
p.s.
I have not tested it in TS.
pls share your testing experience and enhancements.
Yes you can, i just got back from my vacation , hence the zero activaty
Ill try to reply everyone later in the evening.
With kind regards
Bashir N
Hi Bashir. I hope you had a good vocation . Without you this forum looks dead. My automated system finally working OK ,thanks to your education.
Now I’m working on a matter how to get rid off Infinity commissions ,I pay 70 -90$$ each trading day. Plus if you use auto trader or even if you trade manually we pay for a spread because it goes market most of the time.
After research I fined best way to go is Futures betting ,were you make your bet were spread going to go, and you can put any amount of $$. For Ex. NQ spread =5$ , but when you spread betting you can bet 1$ or 3$ or 50$ or 100$ no limit so its more flexible. And you don’t need to increase amount of contracts you increase your bet. There is no commissions you only pay for a spread 5$ for NQ , which you pay any way when you trade futures.
Company like FuturesBetting - Financial Spread Betting Homepage have direct access to market so no delays in filling , it’s the same as Transat.
Another big advantage is that in many countries spread betting is tax free. My understanding it goes under the same categories as online casino because you bet here not invest. In USA any casino or lottery winnings are taxable so you pay tax on spread batting in Canada any winnings are tax free so no tax on sp.betting.
So so far I can see only advantages in spread betting , only minor inconvenience FuturesBetting - Financial Spread Betting Homepage does not support Sierra ch. But they do support Ninja tr. which is more advanced compare to Sierra (were you never can back test your strategy), and they offer C++ coding for clients with no programming back ground.
Bashir I remember you were testing your automated system with Ninja was you using same excel code like for sierra or it was C++.????
If you have any thoughts regarding above I would be glad to hear from you
Thanks
Vit.
Hi vit007
A word of warning about futuresbetting they are based in Gibraltar (a tax haven) to get around UK tax rules, so they are a totally unregulated company. A while ago they closed their trading because a big player did not pay on a margin call, they were back up within a few days but to me that’s a big wake up call.
So ask yourself:-
Do they actually hold clients money in segregated accounts?
What happens to your account if they just disappear?
What happens when the US and UK governments clamp down on these tax havens?
Hi Jimbo. Its very old info and no relevant.
Acquisition of FuturesBetting.com Limited ("FuturesBetting.com")
London Capital Group Holdings plc, the leading online financial spread betting and trading company, is pleased to announce that it has acquired FuturesBetting.com, a Gibraltar based financial spread betting business.
You can also read about it at http://www.trade2win.com/boards/spread-betting/31077-futuresbetting-com-re-launching.html:)
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bnaimy
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Hey, sorry for being away for such a long time.
I am having alot of personal matters to take care of , not the pleasent type
So i havent had the time to write or reply u guys, and i apologize for that .
THe newest method i use is mostly based on price action but i do use a few emas and
stochastics with it for direction and comfirmation.
There are very few spesific rules for it and the rest is pretty much something i need to explain over a few days on the chatroom for you guys to understand it. Much easyer then writing it down, i dont think its possible.
What charts do you need:
3min chart with 89ema + 148.33 + 29.66 + slow stochastic (10.3.2)
10min chart with slow stochastic(10.3.2) + 89ema
30min chart with slow stochastics(10.3.2) + 89ema
you can use a tick chart of any size and add your favorite indicator to it or anything else for that matter, if that makes you feel better. I use a 144tick chart with auto fibonchi retracements. But i only look at 50%,38% and 62%. These seems to be the most reliable ones and i just remove the rest.
The 89 emas that i use are usefull because they follow price support and resistance pretty well and they work suprisingly well. The 148+29 emas are also actualy 89ema's but they are from different timeframes, so i had to give them different values so they would act the same way on a 3min chart. The 148 is actualy a 5 min chart 89eam. The 29 is a 1min chart 89ema.
I base my trades on support and resistance, if price breaks away from a range, then the break of that level will act as support or resitsance depending on where price broke out to. But its not that easy, that is soemthing i need to explain.
When i see a support/resistance level , and i see that 1 of my 89ema are aligning up with it as well, then that is strong indicator for me to buy/short it .
I never go again the 30min stochastic, and i only buy if price is above all the 10min+3min ema's. And i only look for short when price is below the same ema's.
When i go again the 10min stoch, i will look for the strongest place of support, as weak support will not hold. Then 3min stoch i just a nice indicator to have to tell you that the interemediate move is ending, and that you might wanna take profits before price goes agaisnt you and it also tells you that the current wave is about to loose some steam and that you should look for some support below price.
I also use support and resisance levels from severeal days back to define support and resistance, and i use the 30min extensive, and sometimes change to a 60min , just to get a quick look even further back .
But i mostly base my buy levels from the 10min + 30min,and i use the 3min to look at the current waves and look at the ema's to get the extra comfirmation i need to feel comfy with the trade .
This have been working very well for me, but this also require alot more of a person, and you can easly define a suppport level when there is actualy no support there, so it takes time to figure it out, thats why i want people to listen in and see how i do.
Anyways, its late and i need my sleeep, talk you all tomorow.
Regards
Bashir Naimy
bnaimy
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Hey Vit m8, sorry for he late reply.
I have to be honest given up on the quest for the automated system, as the freaking market seems to be to fluid and a program can never think for it self. But im sure there are ways of making something profitable. But i have decided to put that part on the shelf and concentrate on my trading, as i dident give that much time. But i am very glad that you have build something that works, great work m8. THe sierracoding was originaly made in excel , but later vigi got it all done in C++.Sierra have both excel and c++ options btw.
Right now i am practing and trading using price action, as i belive that is the most pure and best way of trading. And i think most traders will after some time do the same.
Its all about getting true all the jungle and getting the screeentime a person needs to succedd. Its a hard road, and it have been times where i have questioned why i am trading and why i should not settle down with a normal job and feel save. But then i realized that i love this and its not about the money, but its my passion for the market, and how each day is different. And i dont envy my friends who work from 9-5 doing the same thing day in and out. I feel lucky to be able to persue what i love doing.
I am still in my skypegroup and chating,but i see very few people in the chatroom, so i havent bothered opening it. I will try to keep it open for 1 week, if there is little or no activity, i will just delete the room. As the entire point was to give out tradin calls and
how to trade the markets,the way we do it.
Enough rant from me for 1 day, i will try to reply a few more later
Good luck with you trading vit and i am glad you are doing good, just remember that
disipline and focus is much more importent that any method. That is what you need to be one of the few that makes it.
With kind regards
Bashir Naimy
bnaimy
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its very easy, just left click on the chart, and then press the number 3 and then press m and then enter. Thats it, you can change it to anything you like.
Let me know how that works for you .
Regards
Bashir Naimy
bnaimy
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I Raja, i have added you to skype, we can talk someday, when we both have the time.
Sorry to be short with you, but its late here, we can talk more on skype.
Regards
Bashir N
Bashir
Will you release your c++ code then for anyone willing to tweak it - with one or two studies that will give an idea about how to add more studies.
Thanks
VG
Hi Vit
I understand your reasons for going to Futuresbetting and I have to say that they do look a bit more professional since being taken over. I am perhaps just a little over cautious particularly about Gibraltar.
I would be interested to hear of your experiences with them when you are set up.
Best Wishes
EmotionIsTheBigEvel
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Nice to hear that you are still commited to trading, and I can only say I totaly agree with the points you make for the reasons for trading
It has its up and down sides but on the long term you just love the game!And as you probably know I have developed your system as described in this thread also into an automated system, and it works great during good volatility periods, but during periods with low volatility as the last weeks you will be whipsawed. But never the less, it was an interesting period, manaul trading the system and testing the automated system.
At the moment I'm back to my old trading styles, swing trading with options, and not daytrading. And in the mean time I am also studying ways to handle just and only PRICE action. Swing trading as a daytrader with Price action is my ultimate goal at the moment, and I really think it is the way to go with the addition of one or two indicators, I need to say that when you use an indicator you really need to know all ins and outs of it. I am learning a lot of new things and perceptions, but in the mean while I am not on the chat so I can just focus. I first need to create a new wheel to ride with :smart:. And maybe, once I will ask you for the possibility to join you on the chat, but till then I just point my view for price action without the possibility to be destracted. But I need to say thanks for all knowledge you have shared, and the time you have put into it!
Good trading and knowledge gathering!
Cheers!
tugofwargame
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Hello All,
I am having a problem of finding e-mini commission (per contact rate) on FuturesBetting - Financial Spread Betting Homepage
Could anybody comment, please?
Thank you
I am having a problem of finding e-mini commission (per contact rate) on FuturesBetting - Financial Spread Betting Homepage
Could anybody comment, please?
Thank you
tugofwargame
Junior member
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Hello Bashir,
Thanks for this very educational thread…I hope to learn as well as to contribute in the future…please add my address to your mailing list.
Thank you!!
Thanks for this very educational thread…I hope to learn as well as to contribute in the future…please add my address to your mailing list.
Thank you!!
Hi All,
First post on T2W.This thread is very interesting. I would like to add a couple of components to the indicator set that may help.
1.) Regarding entries once you have an all clear on the 10min and 2min charts. I would suggest looking for a low tick based on the $TICK chart. Place simple BBs on the 1 minute $TICK chart and look for price to move close to or even pierce the upper band for short entry and lower band for long entry. At least you would want to be above or below the midline of the BB depending on if you are going short or long.
2.) To expand on the idea of using pivot points as areas you don't want to enter against, I would add that you should always know if price is in an ambush short or long or consolidation. I wouldn't take any entry moving into a 50% retracement level that would serve as support or resistance. This should eliminate some of the breakeven and losses.
First post on T2W.This thread is very interesting. I would like to add a couple of components to the indicator set that may help.
1.) Regarding entries once you have an all clear on the 10min and 2min charts. I would suggest looking for a low tick based on the $TICK chart. Place simple BBs on the 1 minute $TICK chart and look for price to move close to or even pierce the upper band for short entry and lower band for long entry. At least you would want to be above or below the midline of the BB depending on if you are going short or long.
2.) To expand on the idea of using pivot points as areas you don't want to enter against, I would add that you should always know if price is in an ambush short or long or consolidation. I wouldn't take any entry moving into a 50% retracement level that would serve as support or resistance. This should eliminate some of the breakeven and losses.
Hi. You dont pay commisions you pay for the spread.
Ex NQ price 1320 , bid 1320.00 ask 1320.25. you go market and you pay 1320.50
0.25 thats cost of the spread you pay.
You gain is that you don’t have to pay 20 – 40 % tax on capital gain if you make any $$$
http://www.futuresbetting.com/pdfs/futuresspreadcard.pdf
Vit.
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