[3 Day SMA/ Down Days Algorithm]

Hi, I have been experimenting alot with the IG Index API. I find it easy to use. I have recently been toying with ideas for different algo's. I find the idea fascinating.

Anyone got any thoughts on this from a mathematical point of view? Or anyone else interested in this stuff?

• Three consecutive down days
• 3 day SMA
• If the current price is below that 3 Day SMA then sell (There is a reason for the fundamental drop)
• if the current price is above the 3 Day SMA then Buy (It's held steady, There is support for it)

I've coded this and testing it as we speak. If anyone is interested I will post on Github 

Link to Github Page

Example Output. 

https://pastebin.com/tf26EMG6

[Is volume a good indicator of price action]

I'd say more often than not, No. 

[my account is empty]

Why? You got hacked? They probably wont be able to recover anything. 

[Demo API errors]

Hey Nick. I’ve just seen your other post. Yeah I see this quite a bit. Especially on U.K. stocks for some reason. 

[Bid Offer data missing in API response]

Yeah I use the API a lot and I have issues with missing data all the time. I’ve just come to accept it. It varies though. Sometimes it’s good sometimes it can be spotty at best. I just tend to do a check if the returned data is not NaN or None in Python 

[How do I find number of buyers and sellers]

You need access to the order book depth. Most likely you’d have to pay for Level 2 access

[Why is there a MINIMUM stop loss? of 31 points???]

It’s ESMA regulations. Anywhere that doesn’t do it is more likely based outside the EU. How else would they stop you losing money so fast?  

[Make sure you're aware of abusive practices anyone else??]

P.S I've not done anything to anyone reading this! 

[Make sure you're aware of abusive practices anyone else??]

1 minute ago, GTS15 said:

Yes got it too. Thought they were threatening me lol

 

Thank f for that! I thought they were threatening me too!! It's like the TV Licencing letters. Thought I was going to prison there for a moment. I wonder if it's people who have held positions in Sirius Minerals in the last few months on the mailing list a few people who I know have IG Index accounts did not get it. 

Anyone from IG Index clarify? 

[Make sure you're aware of abusive practices anyone else??]

Who else got the "Make sure you're aware of abusive practices" email? 

My question is, Why? Is this because of the CEO of Sirius Minerals waging war on Retail traders??

https://www.valuethemarkets.com/2019/10/08/the-shifting-shares-view-sirius-minerals-ceos-bizarre-attack-on-bulletin-board-gamblers-sxx/

Bit confused now, Would like some clarification from IG perhaps please? 

['Gutwrenching': How the dream of a Sirius Minerals goldrush became a nightmare for investors]

Another quote I find incredulous is that Chris believes that when the company’s stock fell 10% the day before the $500 million bond offering failed, “that this might have been triggered by a post on an online forum that falsely claimed it was about to announce an equity-raising”.
 

['Gutwrenching': How the dream of a Sirius Minerals goldrush became a nightmare for investors]

Quote

 

Chris Fraser, chief executive, said the Financial Conduct Authority should investigate the bulletin boards where many Sirius retail shareholders discuss their investments.

The Sirius chief said it was “deeply concerning” that regulators did not address the forums where people were “holding themselves out as experts and giving investment advice”, describing it as “real Wild West stuff”.

“They have these people sitting in their basements in their sweatpants, giving them investment advice — unregulated, unlicensed and people follow them,” he said.

The most prominent online share forums are the London South East and ADVFN forums. Investors post hundreds of messages a day, sharing details of their share…

 

Who's sat here reading this in their basement in their "sweatpants" ROFL!! 😂😂

['Gutwrenching': How the dream of a Sirius Minerals goldrush became a nightmare for investors]

https://www.proactiveinvestors.co.uk/companies/news/904353/sirius-minerals-boss-turns-fire-on-investor-bulletin-boards-904353.html

 

Be-careful what you say about Sirius Minerals, The CEO is on the war path with Retail investors. Or in other words..."There is no smoke without fire" 

['Gutwrenching': How the dream of a Sirius Minerals goldrush became a nightmare for investors]

https://www.gazettelive.co.uk/news/teesside-news/gutwrenching-how-dream-sirius-minerals-16988585

Quote

 

Pat Earnshaw ploughed all his cash into the world's largest fertiliser mine - and watched his holding soar by as much as £2,000 some days.

But the "Sirius dream" quickly turned into a "gut-wrenching" nightmare for him and thousands of other small-time investors.

Sirius Minerals'  share price went into freefall on September 17, after the firm pulling a £400m fundraising attempt for its world-leading mine project.

It has left a financial black hole way bigger than the one they're digging just south of Whitby.

 

 

[Statement reading]

Hi Martino. 

I can certainly help with some. 

Opening level - The price at which your trade was opened at.

Current level - The price at the current time as given by the market. 

The price change of the instrument, usually on a daily basis but you can get it over longer terms. i.e the stock has risen 4% today from it's close price yesterday. 

Running profit/loss - The difference you have from opening to now. If it's gone up and you are long profit, If it's gone down and you are short profit. 

Deposit required - Regulations dictate the margin required now in the European Union. Please see here. 

https://www.home.saxo/campaigns/new-esma-regulation

Hope this helps. 

[huge spike forced closed positions]

This happens ALL the time, Especially to newer traders. Look anywhere on the internet and you will find countless examples. There's loads of ways to combat this. Don't use Guaranteed Stops, Setting an appropriate Stop Distance for your trade. It comes with practice my friend. Don't trade round NFP day unless you really know what you are doing etc.

[oil tanker stocks]

Maersk 

[Bitcoin Evolution?]

https://www.zerohedge.com/crypto/day-trading-bitcoin-why-95-traders-lose-money-and-fail

Crypto is the scammers paradise at the moment. 

[VPS]

Not personally and I don't know anyone who has, Linode is the best IMHO. 

 

 

[IG Status]

10 hours ago, dmedin said:

 

The British media has very little sympathy for retail 'investors'.

Are you sure you've read all the small print about best endeavours and indicative pricing ...

When dealing with the financial services industry, you'd best believe they will **** you if they think they can get away with it.  Prior to the Great Recession, they got away with murder ... do you think they've really changed?

They have, Just look at the ESMA regulations. 

[Index spreads]

This would be a good little project to develop with the API, When the spread drops alerting tool. 

[How do I setup to trade in BItcoin?]

Is that the Granary Bread Coin or the Wholemeal coin? 🤣🤣🤣

[IG Status]

Calm down everyone, I can assure you that any losses you incur would not have been down to IG. You should always practice good money management! 

[Sirius Minerals could be handed Government lifeline for cashflow problems]

https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-could-handed-government-16859137

Presented without comment. Could be a good boost for those of you who are in SXX. 

 

[[DEMO] Streaming API : Allowed session count reached (code 7)]

You are only allowed 10 sessions on the streaming API if I remember rightly. Check you are not going over that. 

 

How are you managing your connections in your code? Do they go down cleanly?