JohnnyRy

Haim Bodek is still at it... providing trading regulatory consulting including expert witness testimony: https://haimbodek.com/

Unfortunately, I don't believe it's possible to change your time zone without a third party platform. I trade with an MT4 platform where the time zone is determined by IG's data/trade server, but there are numerous custom time scale indicators for MT4. The issue was discussed at:

This is 10,000. This is 1000. 10,000 divided by 1000 = 10. If you adjust your lot (or contract) size proportionally to your starting capital with the same leverage ratio as demo trading, you would be earning 1/10 of your demo profits (subject to live admin fees, rollover fees, etc).

For a US SEC regulatory update (about 10 years later), see the proposed amended SEC rule at: https://www.sec.gov/files/rules/proposed/2022/34-96493.pdf (Disclosure of Order Execution Information).

The video is dated 2013 but still very relevant and very interesting:

You might try emailing the IG Help Desk with your name, address, and phone for faster service. Just look in the Contact link on the IG site. Hope this helps.

As no one has replied to you, I suspect that there is no solution in the platform that you're using. As "any advice," you might want to look into MT4 which supports saving and loading multiple overall Profiles and multiple Chart Templates. Hope this helps.

Thank you for acknowledging interest in my reply. I believe it depends upon a given trader's strategy and preexisting method of placing orders. For example, simultaneously manually trading a basket of instruments could be daunting... especially if those instruments were in different markets and/or different trading platforms. It would certainly be easier to simply bark out, "Buy 1 standard lot of spot EURUSD at market price and sell 5 contracts of EURUSD futures at market price!" Having said that, I would want a voice assistant to operate at least with the speed of ChatGPT. On the other hand, an auto-trading algorithm (bot) can send an order before a trader can say, "bot." Truth be told, this is how I actually trade. Also, manually trading a single instrument in a single market and in a single platform by way of one click or hot key is likely tough to beat. Everything has its costs and benefits, of course. In 2012, a professional quant (or quants) 440 million USD due to an algo error: https://www.bbc.com/news/magazine-19214294. Professional hot key traders have fallen asleep at the wheel and lost tens of millions as well. I haven't heard of any voice assistant errors... yet. I've actually completely avoided trading on mobile devices. What I do use a mobile device for, and why I don't trade with it is posted at: I don't believe that implementing voice assisted trading will solve the wireless connection integrity issues posted in that thread. I hope some more traders will reply to this thread if they have a real solution.

Compliments of ChatGPT (or as I like to call it... SkyNet🤖: Certainly, let's calculate the value of 2 standard lots of GBPJPY: Exchange rate of GBPJPY: 184.83 Exchange rate of USDJPY: 145.84 Number of GBP (2 standard lots): 200,000 (100,000 GBP per standard lot * 2 standard lots) Value in JPY = 200,000 GBP * 184.83 (GBPJPY exchange rate) = 36,966,000 JPY Now, let's convert the JPY amount to USD using the USDJPY exchange rate: Value in USD = 36,966,000 JPY / 145.84 (USDJPY exchange rate) ≈ $253,242.24 USD So, with 2 standard lots of GBPJPY, a GBPJPY exchange rate of 184.83, and a USDJPY exchange rate of 145.84, the value would be approximately $253,242.24 USD.

Also, my desktop pc is hardwire connected by a shielded ethernet cable to my dual DSL modem that is fixed at a speed of 1000 Mbps. There is no interference on that shielded cable, even though I have unshielded cables running out to a TV in another room and 5 outdoor security cameras that do get intermittent interference.

I wouldn't try to glean much from a 3 second stall in price movement... Not without access to the broker-dealer's order book anyway. You seem to have discovered a market anomaly. If the anomaly repeats itself over time, maybe set up an OCO order (one cancels the other) around the stalled price level. You'd have to be pretty quick on the draw though.

In my experience as an advanced trader, I have avoided trading on mobile devices for several reasons: Wireless routers are either manually set to a specific channel or automatically scan channels in an attempt to avoid interference. I have monitored wireless connections and seen connection speed go down to zero. To me, this is like rolling the dice. A wireless device that loses WiFi will generally default to a mobile data connection. Mobile data connections rely upon cellular towers or satellites. If a data connection goes down to zero, there goes the signal again... searching for a nearby tower or satellite. I've toyed with Bluestacks, a Windows based Android emulator. Bluestacks supports multiple instances of itself which in turn, support multiple phone profiles and versions of Android. I've found that many Android apps are only fully compatible with specific Android versions. Did any given developer have my version in mind? Who knows. I do want to monitor my trading regardless of where I am, so I do. I have MT4 Mobile on my phone which I only use to receive notifications of all transactions and trade server reconnects from my desktop MT4 platform. I'm never too far from my desk but if I were, the mobile app would be a last resort at best. Hope this helps.

Answered at:

I believe that options were made for hedging (see https://www.investopedia.com/articles/optioninvestor/07/affordable-hedging.asp). I would look into Natural Gas Options.

Be careful, @Speedbird168l. Most jurisdictions (countries) require certification and/or licensing order to provide live trading advice, and direct control over trading others' capital is beyond mere advice. The US NFA, UK FCA, and EU EFPA all hunt down illegal advisers and brokers. This is why Metaquotes clearly states that all mql5 Market products are for demo trading only, and MT4 and MT5 allow client side switching between demo and live accounts. They walk a fine line but its within a legal loophole. As most broker-dealers maintain distinctly different action requests for live API access versus demo API access, and if you handle the type of action request for other traders' accounts, this would be risky at best. The mql5 Market supports a Signals Service, again for "demo purposes." You could register as a Seller there, and pipe your script's actions into MT4 via a bridge (say, via Python), code a system library within MT4 to directly connect your script to MT4, or embed your script into a MT4 Expert Advisor. Of course, all of this assumes that you're not already certified/licensed. LEGAL DISCLAIMER: Nothing in this post may be construed to be legal advice. The poster is not a licensed attorney. For legal advice advice regarding any specific situation, you should consult a licensed professional attorney in your jurisdiction(s).

It is possible to reverse calculate lot value in the base currency of the account if you have access to the source code of the EA. Do you? As for the math, see https://www.ig.com/en/trading-strategies/what-is-a-lot-in-forex-and-how-do-you-calculate-the-lot-size--210312

Although I don't use voice assistants, here are my thoughts: How accurate is your voice assistant? For example if you say, "Sell 1 share of Apple," and it replies, "Sure, I can help you sell apples," that could be a problem. How fast is your hardware that supports your voice assistant? For example if you have a Bluetooth wireless earpiece connected to a device that, in turn, connects wirelessly to your broker-dealer's trade server, you have 2 layers of connectivity that are vulnerable to interference and likely slower than a straight high speed hardwired connection. I suspect that a one-click trading button, an assigned hot key, or an auto-trading algorithm running on a hardwired desktop are tough to beat.

If anyone here has access to MT4, just do an online search for the free "CandleCountdown.mq4" indicator.

Years ago, I had an MT4 auto trendline indicator that drew those angles automatically. All can say is that it's way easier for me to analyze them in retrospect than it is for me to live trade them. If you're able to do so, power to you. Since then, I've taken time and volume completely out the equation and I focus entirely on the Y axis of price movement... and only a narrow span of right-most price movement at that. Although, this has been lucrative for the past 18 months, it further begs the question... Is the market random? On one hand, I'm able to predict the probability of a favorable move in the instrument that I trade by using a very small amount of price data... a "pattern" if you will. The probabilities repeat over and over again in chart history. This seems to suggest that the market is not random. On the other hand, I use an insignificant amount of data for indiviual entries combined with dynamic exits to allow running trades to leave my stop-outs in the dust. You could say the exits are the real breadwinners. This seems to suggest that the market is random. This is an age old theoretical question... 100% market efficiency theory = total and unpredictable market chaos, but anomalous market theory = predictable and exploitable events.

One of the few books that are not, well, filled with pages of toilet paper, is a programming book. I guess it's tough to lie about math and formulas without immediately exposing one's self. I credit having learned to code for 51% of my profits. I have seen, and developed, several strategies that were fine in all respects. My issue was... me. For one thing, I found that I simply couldn't continuously monitor the 24/5 market that is forex. No one can. Oh but I tried. In retrospect, it was the closest thing to utter insanity. As time progressed, I eventually turned my OCD into OCCD (obsessive compulsive coding disorder) by learning to code trading algorithms. The remaining 49% of my profits, I credit to my technical and statistical analysis of historic GBPJPY chart data which ultimately resulted in my strategy. Also, the retail trading industry is filled with businesses that simply make money as long as we place trades. This is why most trading platforms include constantly updating news feeds, flashing lights, changing colors, and an endless supply of spaghetti indicators. A bot doesn't see all that stuff unless a coder forces it to do so. Note that most platforms don't support autotrading today. Years ago, an ATProCI platform included a custom bot builder module that automatically wrote trading algorithms in C#. It was like surfing a simple web page with buttons, form fields, and drop-down menus. If you search for it online today, it's as if it never existed. I wonder why.

IG Turbos appear to be knockouts (https://www.ig.com/ie/exchange-traded-products/turbo24-trading/what-are-turbo-certificates-how-do-you-trade-them#turbos) with greater flexibility than Nadex weekly knockouts. The above link connects to IG Ireland. Personally, I would like to see longer term binary options available in the US.🙏

See IG UK overnight funding: https://www.ig.com/en/charges#overnightfunding

Considering that I once posted that IG US didn't offer corporate accounts and then IG US emailed me a corporate account application package, um... yes indeed.😁

"The most popular trading platform is still the classic MT4, which is used by 85% of traders. The second most popular platform is the MT5, which is used by only 6% of traders" (See paragraph 19 at https://tokenist.com/investing/forex-statistics/). I'm guessing that IG is aware of this.