1. ## jlz

Community Member

12

258

2. ## Sunny Days

Community Member

4

22

3. ## dmedin

Community Member

4

7,637

4. ## HMB

Community Member

4

441

## Popular Content

Showing content with the highest reputation on 07/09/20 in all areas

1. 3 points

2. 2 points

## Getting Out Of A Trading Catastrophe

No problem, I enjoy these conversations. An algorithm is by definition a routine that can be executed multiple times, that takes an input and produces an output. They are also called problem-solving routines. They can be as easy as a simple sum, i.e. taking two numbers and producing the sum as a result. And complicated enough to solve a very complex mathematical riddle. Normally they are defined in pseudo-code in the design phase so then they can be translated into any programming language. If we look at trading we need to classify what could be considered as inputs, actions and outputs. Inputs are normally values provided by your data feed: Price, volume, indicators, level 2 data, orders, news. Whatever is provided externally to you and cannot be changed. You use them as they are, they are immutable at a specific time. Actions are the ones you can produce as a trader: Buy, sell, send order, send limit order, take profit and so on. Normally they can relate to what you could do with your mouse as a person. Outputs are the reports of your actions: Green if positive, Red if negative, reports, summaries, profit charts. A simple one as an example can be: 1. Subscribe to price changes on USD/GBP 2. When price reaches level 12345 BUY : Size = 1 3. Wait in a loop for price to change : check every minute 3a. If price reaches 12380 - SELL : Size = 1 (Limit and Take Profit) 3b If price reaches 12300 - SELL : Size = 1 (Stop and Take Loss) You can see that is pretty straight forward to define. It can be as complex as you like but essentially the computer is waiting for a path to follow. The complexity level will come from how many steps would you want your system to perform. Then that pseudo-code can be written into a programming language by a developer. A useful tool to define these algos is the flow chart. It can give you a quick snapshot of what your system might want to achieve. https://en.wikipedia.org/wiki/Flowchart
3. 2 points

## Getting Out Of A Trading Catastrophe

I offered myself in the forum a couple of times to people that don't know how to write code. I have worked in the past with traders that wanted to automate their system with good results. I say it again, if you want something automated we can work on it. You get the benefit of executing your system by a bot and I get to see what you are doing and the way you think. An algorithm is no more than a group of sentences that matches every single possibility into a system.
4. 2 points

## Getting Out Of A Trading Catastrophe

Hi, I can empathise with you on this. My solution was to walk away from it for 6 months. come to terms with my losses and except them as it being my head space as the key issue. have a good look at my self. Chose the markets i want to trade, max five. Research, research and some more research.I don't trust these gurus who have systems they want to teach. Those that can do and those that can't teach. Chasing losses is the biggest issue to overcome, loose a hundred then up the best size to cover it, a bigger loss up the bet size goes. Repeat until funds are gone. Blame the platform, blame the markets, blame everyone except myself. Now I am profitable again. Slowly slowly catchy monkey. Avoid any FX pairs with USD, Avoid high volatility and avoid setting day, week, or month targets. All the best
5. 2 points

6. 1 point

7. 1 point

## South African charts/account not functioning

I can't open the charts of my South African account on any platform (normal or ProRealTime) on any device - pc or mobile, yet my offshore ProRealTime accounts work fine. When will this be resolved?
8. 1 point

## Getting Out Of A Trading Catastrophe

No problem, let's try something out. Think about that we have a demo platform where you can execute anything I will code, so there won't be any harm to try it out.
9. 1 point

## Getting Out Of A Trading Catastrophe

The point is to prove that you don't need a method or system to win in the markets, you don't need to be smart, clever, intelligent or have a great method - I published it as an educational tool that a few people will "get" The markets offer many more times the possible % returns that the new moon method could return so why would you trade it! Even if it won every month/trade it would not make sense trading it compared to what is on offer by the markets - which is also why I was quite happy to publish it
10. 1 point

## Getting Out Of A Trading Catastrophe

Thanks - I don't trade it - the point is a semi random method with half decent money management works, people who aren't achieving near it's returns needs to be asking questions about how good their method really is because there's a lot of methods touted out there that just do not work in the real world of trading.
11. 1 point

12. 1 point

## Getting Out Of A Trading Catastrophe

What you can lose in a few days, will take you months or years of constant discipline and patience to make back again. Here is the curse of trading, and why most people get out and sell training courses instead 😜
13. 1 point

## Getting Out Of A Trading Catastrophe

And on days like this one, you sit in front of the screen all day and - nothing happens. And this takes an enormous psychological toll. And if markets are choppy for days or weeks on end ... full blown depression, if you haven't already given up all the profits you made
14. 1 point

## Getting Out Of A Trading Catastrophe

Hence I watch every trade, I trust my instincts and knowledge rather than trusting a computer code.
15. 1 point

## Getting Out Of A Trading Catastrophe

I could feel your pain. i looked at my losses as IG were kindly holding on to my money for me. It was safer to leave it with them and not the banks lol. I have been fascinated with the markets since school when we went on trip to the trading floor. Life didn't allow me to peruse my passion until now. My initial losses were heartbreaking. I kept at it, not to chase my losses but to for fill my dream of being good at something I am passionate about I sit in front of my screen during every open trade I place, every trade Is a potential loss and not a gain., Forget about retiring to Barbados, concentrate on keeping the bailiffs from your door.
16. 1 point

## Getting Out Of A Trading Catastrophe

Read your posts on the new moon strategy - very interesting! I get your point about risk and money management, and how powerful a simple strategy can be with discipline in both. As you pointed out, the strategy also exploits the upward bias of equities (Buffet attributes this bias to retained earnings, others would likely add ever easier monetary policy and rising government debt).
17. 1 point

## Getting Out Of A Trading Catastrophe

Sorry, but there is already a strategy that involves putting money regularly into the account every month (long only): https://www.investopedia.com/terms/d/dollarcostaveraging.asp#:~:text=Dollar-cost averaging (DCA) is an investment strategy in,volatility on the overall purchase. It's not a trading strategy, and you should be aware of this fact. (DCA is a sound investment strategy, but it will only pay off over the VERY long run.) You can define your risk management however you want, but if you don't win enough trades you will eventually run out of money. You may limit your losses never so skilfully, but if you can't come up with a system that wins often enough you won't make any money. Sadly, a lot of people lack common sense.
18. 1 point

## Accounting for currency fluctuations for Capital Gains

This is why G-d created accountants.
19. 1 point

## Accounting for currency fluctuations for Capital Gains

There is a guide at https://www.gov.uk/tax-sell-shares/work-out-your-gain
20. 1 point

## Getting Out Of A Trading Catastrophe

Thank you jlz and THT, makes a lot of sense to me what you're saying, will check out the video and the new moon portfolio
21. 1 point

## Getting Out Of A Trading Catastrophe

Yep trading can be really hard due to all the aspects going on Keep everything simple - A major signal that you're not ready to trade is that you chase every possible trading out there thinking its the holy grail - It doesn't help that most of the methods touted out there work fine on paper but not in the real line of fire I'm publishing on here a monthly dummy trade - THT NEW MOON Method - to prove that you can make money and sometimes beat all the pro fund managers out there by a semi-random method The method WILL beat most fund managers most years and the point of it is to show people you don't need to know anything about trading/Investing to make money apart from having a decent handle on risk, risk control and money management - I 1st learned of this years ago and I paper traded it - the eye-opener came when it beat the highly coveted trading method I'd created and invested months in tweaking and trying to perfect!
22. 1 point

## Getting Out Of A Trading Catastrophe

...for the sake of completeness: sure most of you know, but same effect can come from dummy portfolios. I have (only) one on a public platform (real prices of course, long only stocks and ETFs + options (index puts/calls)) - since inception late 2013 it's up 126%, it's also up over 5 years, 3 years, 1 year, 6 months, 3 months, 1 month and YTD. 1 year Sharpe ratio is 1.6, average annual return 12.8%, maximum drawdown 25.5%. so forget your dummy portfolio performance ! it's meaningless - and in the worst case makes you dangerously overconfident. wish I had crashed that to 0 in the first month.
23. 1 point

## Getting Out Of A Trading Catastrophe

I started losing massively as well and what improved my situation was the ability to follow a system. If you don't have one that is clearly a flaw to fix. We discussed in this post our loses : https://community.ig.com/forums/topic/12368-whats-your-record-for-the-most-losing-trades-in-a-row if you want to laugh, we all have been there. What went wrong for me, I: ... didn't have a plan to exit before I entered, no risk management at all. ... executed my trades manually. ... revenge-traded chasing loses. ... used indicators. What went right for me, I: ... removed completely all indicators, I entered randomly. There is no way I can justify why I entered in a trade using indicators so I removed them, I also didn't look at charts at all. ... had a clear exit point that I never changed and executed with stoicism, specially when taking loses. This came out of a risk management plan. ... automated every single trade and set my trailing limits and stops loses in a separate database. This can be done with orders trough the web interface, it was just my preference to do it. ... never read the news, specially the ones specialized about stock markets.
24. 1 point

25. 1 point

## Suggestion - Moving average for volume bars

When you add the volume indicator it opens underneath the main charting window, there is no option to add a moving average to this indicator at this time. Example - 50 Day moving average on volume.
26. 0 points

## South Africa 40 charts

same problem. all day
27. 0 points

## YET ANOTHER FAILLED PROFIT TRIGGER

so yet another failled profit limit trigger. can see the short trade on gold was automatically opened just after midnight (red circle on chart) with a take profit limit which the price went through by several points past the spread about 3am and ... nothing, price went back up and has just now come back to the 1936 level. needless to say I closed it out manually. and no its not a stop loss, its a short and the dotted line is a take profit limit. there is no stop loss on the trade. ignore the prices on the left thats just where the cursor was when I took snapshot. can someone from IG look into this?
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