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10/06/21 10:53
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What's the next move following the bank run that led to a rally in US stocks? The markets have been giving us hints on its coming trend, which markets are they? Deploying market psychology not only helps us to connect the dots in today’s complexity, it also gives us the simplicity to chart into the future. In this session, we have invited market veteran, Wong Kon How, to help you improve your trading literacy and successfully navigate the financial markets. Kon How will demonstrate how he understands today’s market complexity and seizes the coming opportunity with behavioral science.
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Charting the Markets: 1 June Dow and CAC40 stabilise while Nasdaq 100 edges down. EUR/USD, EUR/GBP and USD/CAD stabilise as US debt ceiling bill goes to Senate. And Brent, orange juice stabilise while copper advances as US debt ceiling bill gets signed. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 01 June 2023 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
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By deepandcomplex · Posted
Hi all. I have a chunk of cash sitting around and don't really want to allocate it to equities or anything too risky so I was hoping to pick up some regular coupons from something like non-junk bond. I've tried to find bonds on my ISA or Share Dealing account but they don't really seem to exist. I can't find bonds nor ETFs of bonds... Also can someone help me to understand - like I don't want to bet on the value of bonds or rates going up. I only care about dumping cash in bonds and receiving regular coupons. I understand that the prices of bonds go up and down and therefore you may make a gain/loss on your principal if you sell before maturity, but I kinda want a low-risk bond and want to hold it to maturity. Or at least something that has that kind of risk-reward profile.
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Question
Guest NickWallbridge
I have been using PRT for sometime now with various strategies. I started using PRT because it is part of the IG package, but the integration between the two seems to be woeful.
I have been trying to get a strategy with Trailing Stops to work. Should be a piece of cake, simply put something like
BUY TradeNo CONTRACT AT MARKET
SET STOP pTRAILING 13
Setup your entries code and off you go. Did lots of backtesting on the EUR/GBP mini market and then set it live.
Problem 1 - The Minimum stop distance keeps changing. Between yesterday and today it went from 5 to 15 and back to 5 again. This meant that while it was at 15 my strategy was stopped because my code which happened to be at 13 (8:58 BST 23/5/2017). As far as I can tell there is no way to get the minimum stop distance from IG in the PRT code so the first thing you know your AUTOMATED strategy has stopped is if you go in and look! This really isn't very good. The whole point of an automated strategy is fire and forget at least for a while.
So I re-coded to use 16, re-tested and off we went.
Problem 2 - The Step distance apparently can't be set in PRT and differs between backtest and live. As far as I can tell and from info on this forum (https://community.ig.com/t5/Charts/PRT-Automated-trading-issues-and-suggestions/td-p/1388) when PRT backtests it uses a step of 1 (or the same as the initial value?) and when it is live, the step is the minimum for the market, which was now back at 5 (16:31 BST 23/5/2017). So all the Backtesting is invalidated. This makes creating and testing a strategy akin to shooting at a moving target, blindfolded.
As IG are clearly promoting PRT (it is now upfront on the dashboard), surely these things ought not to be the case? If PRT 10.3 can find out the current minimum stop (why does it change anyway?) and if the step can be set in backtesting to match live I would be grateful to know how?
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