TheGuru12
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Posts posted by TheGuru12
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Yet everyone want's to be rich in Pounds/Dollars. People only care about the price of Bitcoin in $. Everyone want's to get rich, People thought they could be with Bitcoin. Sadly that's not the case. It's a scam pure and simple, Anyway the FCA agree.
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The war against Bitcoin going mainstream just took a big step forward in Britain.
That's because on Tuesday, Britain's main financial watchdog said it would going to ban the sale of products that track the price of cryptocurrencies because, according to Reuters, "most people lose money on them".
The Financial Conduct Authority said there is "no reliable basis for valuing cryptoassets" that act as the underlying for derivatives and exchange-traded notes.
The FCA had already alluded to the idea in a public consultation on the industry last year and the regulator claims it the ban will save retail investors $69 million. The ban is scheduled to take effect on January 6, 2021.
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100% this is the correct thing to do, I applaud the FCA's decision on this one. It's worse than gambling. Stories all over the internet where people are ruined because of it.
Digital Currency is not the same as Bitcoin, there is a heck of a lot of work to be done and don't expect it to be the "norm" for 20 - 30 years yet. Also, that is backed by a country the same way we have legit currencies, infact little would really change it's just the method of transfer between banks and countries. It makes sense. The old methods like BACS, SWIFT etc are showing their age now. It makes sense they need to do a feasibility study for it. Bitcoin is just rife with scammers, hucksters, fraudsters, look at all these fly by night exchanges that get hacked because they are rushing to market.
Also, a VPN won't help you here. The accounts will be placed on whatever registered address you have on the account. i.e I assume you are domiciled in the UK.
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16 minutes ago, Tcs106 said:
Anyone else has seen their old disabled accounts appearing on their Dashboard recently? Is there a way to remove them?
Thanks!
Yeah I've seen them. No idea what they are.
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I am using the API, And I want to know can I open two opposing positions (BUY and SELL) and the same time with both a Limit and a Stop Loss set? I've never been able to do this in the past but has this changed. Say for example my Algorithm one day picks up a buy then the next day the trend might have changed and It wants to open up another position, Is this possible?
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76% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
That would indicate that 24% do 🙂 Admittedly the odds are stacked against us.
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Good work on this.
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Thanks for your detailed reply. Yeah so I have updated it a bit this is the table of how I see the trades working. I am applying this to stocks.
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I have been working on a new algorithm for the better sense of the word, I have been playing with some ideas and here is what I have come up with. It's come up with some profitable results so far so I wanted to get your thoughts.
- Take the price for the last 10 days and calculate the Hull Moving Average. The benefit of the Hull moving average is that it cuts out a lot of noise.
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Take the last 3 days close price and check that if it has been all up or all down.
- If the the current price is above the HMA then buy and if it's not sell (All days up) the idea being that it's breaking to the upside or trend reversal if not.
- If the the current price is above the HMA then buy and if it's not sell (All days down)
I currently have the take profit (limit) set at 2% of the current price, I can't figure out a better way of deciding where to set the take profit (in pips)? Anyone got any good Python functions or modules that would let me work that out?
I have a fully working Python algorithm that works with the IG Index API trading on UK stocks if anyone is interested?
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I finally got round to updating FAIG.
I also pushed some formatting fixes to pyti (This library contains various financial technical indicators that can be used to analyze data.)
Enjoy, Let me know if you have any questions, comments, feel free to do a PR and improve it.
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Yep this happens sometimes, Sometimes there is missing data for various reasons. You have to build error checking into your code.
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What formula or method do you use to plan your Take Profit/Limit in number of pips? Curious to hear everyone's methods.
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Technical Analysis features in the API. I'd like to be able to query Support and Resistance Levels
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That would make sense as March was a HUGE deleveraging event. So alot of positions would have been liquidated.
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Anymore details, It might help us help you.
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2 hours ago, jlz said:
Interesting, I can see in the log when they are opened, do you have a log of when they are closed and the profit they've made?
I am working on that bit.
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My program dumps trades here for those who are interested.
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On 13/09/2020 at 08:38, dmedin said:
Four years huh. How long until you make back all the money you lost in four years 🤣
haha good point! It's been a long road but to be fair this was never where the bulk of my investments were, This was more of a hobby and beer money thing for me and a good way to learn thing and showcase my portfolio and talk about it to others. Anyway if you wanted to take a look this is where my algo dumps logs for trades.
https://github.com/tg12/trading_algo_logs_info - This is a simple algo that looks at 3 day downtrends and SMA and puts trends on accordingly.
https://github.com/tg12/most_shorted_stocks That is where the FCA by law has to publish a list of institutional investors that hold short positions. This downloads the spreadsheet that is updated at 3PM every day and then does a tally up. There has got to be some information useful in there somewhere.
More Info https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
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Yeah pretty much me exclusively. Check my post there’s some links on there. Can’t post much on here because on mobile. **** community page won’t work on Chrome on the desktop anymore.
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19 hours ago, dmedin said:
If making money was as easy as buying an algo everyone would do it and we'd all be millionaires.
True, that’s why I wrote my own 😎😂 it’s taken me 4 years to fine tune mine and I have no intention of selling any of them.
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9 hours ago, bagmaker said:
Is there a "rising buy" option for a conditional order?
How would that work?
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woah! Easy chaps (I presume) ... I just talked about my algo idea. Each to their own. I agree I have faced issues with a lot of things in Python. Some resolved by the IG Helpdesk but it works for me. Anywho. I will prepare a github repo with my code if anyone Interested. Perhaps people can contribute to the idea. I just wanted to see if anyone though it was a feasible idea
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thanks! I see you use C# I use Python
VPN
in IG Technical Support - Platform and App Help
Posted
You could easily "roll your own" VPN that probably wouldn't get blocked. Rent a VPS from somewhere like Linode then use these scripts to set it up. Or actually just run your code on the VPS itself and just use RDP (Windows machine) or SSH for a Linux machine for headless setup.
https://github.com/angristan/openvpn-install
https://github.com/Nyr/openvpn-install