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andysinclair

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Everything posted by andysinclair

  1. The iPhone app has been flaky for the last couple of hours, and the browser version not much better. There is a status page: https://status.ig.com/ which is reporting issues with logging in, no mention of the other problems.
  2. I'm currently looking at how sentiment moves with various markets. Here's confirmation of how clients go "against" the market. The orange line is the S&P 500 over the past 2 months and the blue line is client short sentiment. As the market goes higher more clients go short, when the market drops more clients go long. Interesting to see that over the last few days clients have scaled back on short positions as new all time highs are made...
  3. Very interesting idea. What software are you using to backtest it? I'm also keen to backtest it, I've built a crude system for backtesting using the IG Index API, I'm tempted to tweak it to test this idea! Will report back here with results if/when I get it up and running.
  4. Very interesting analysis @DSchenk Quick question: How did you get the data from IG into the spreadsheet?
  5. Ask yourself one question: if you had designed, built and deployed a "bot" which consistently made money would you: a: set up a business to manage other peoples money, build an infrastructure to keep track of positions, balances etc. then spend money on sales and marketing and above all ensure you comply with all relevant regulations regarding the running of such a business (i.e. very stringent if you are managing other peoples money). or b: keep it for yourself and trade your own money I know what I would do 😉
  6. Hi, Not sure if you ever got this working, but you could use an Excel Add-in that I have built that enables you to easily download historic data, either by specifying a date range or number of points: More details here: https://www.excelpricefeed.com/userguide/historic-data-download-ig-index Hope this helps.
  7. Saw this today: https://financefeeds.com/tech-issues-affect-ig-platforms-second-time-less-one-week/ Doesn't fill me with confidence to start trading again, I too would like to see a detailed response from IG.
  8. It sounds like you need an automated scanner to find such opportunities. IG Index has an API which can be used to build applications, if you can define the "rules" which identify such opportunities then a system could be built which could be constantly monitoring various markets and alert you when your rules are met. I can't see how you could ever trade like this without some automated help.
  9. The minimum amount (at least for my UK account) is £250, there are no additional costs: https://www.ig.com/uk/help-and-support/deposits-and-withdrawals/deposits/whats-the-minimum-maximum-that-i-can-deposit Each market has it's own minimum trade value, although it is quoted on a per point basis (i.e. 1 pence per point). You will need to look at the actual market, for example here is the S&P500: https://www.ig.com/uk/marketanalysis/ig-indices/us-spx-500 Click on Product Details and you will see this: Minimum size GBP 1Margin factor 5.0%Minimum stop distance 1Min guaranteed stop distance 3Slippage factor 50.0% Hope this helps!
  10. I've built an Excel Add-in which connects to IG Index. It includes the ability to download historical price data from IG Index into an Excel spreadsheet: There are some instructions here: https://www.excelpricefeed.com/userguide/historic-data-download-ig-index Hope this helps, and do let me know if you have any questions or feedback. Cheers!
  11. Here's some detail from the FCA website: https://content.govdelivery.com/accounts/UKFCA/bulletins/24f2808
  12. Yes. It's the sell price if you have bought, and the buy price if you have sold. Try on a demo account and you will see exactly what prices are used.
  13. You can check the status of the IG platform, web, mobile etc here: https://status.ig.com/ It is a confirmed problem with the Android app.
  14. Remember Luncheon Vouchers? Every time I read an article like this I replace Crytpo/Bitcoin with Luncheon Voucher and Blockchain with database 😉: Whole Foods is not taking any risk on Bitcoin nor holding Bitcoin on it's accounts - it will simply allow bitcoin to be converted to fiat at it's stores, or rather it's accepting a "voucher" for a coffee, the voucher just so happens to have been bought with Bitcoin.
  15. Thank you @TrendFollower for your comments, it's certainly an interesting discussion. Responding to the above quote: I think also there is a difference between buying "physical" bitcoin and trading via IG Index, an ETF etc. Bitcoin in theory may have been a better store of value purely from a price perspective, but if you owned "physical" bitcoin there is a higher probability (than gold) that either your bitcoin would have been stolen or you would have lost access to it. Anyway, I do notice companies (from startups to large, established giants such as Microsoft) announcing various blockchain/crypto related initiatives/projects. I do however remain skeptical about the motivation for this, are the big companies "doing something" so that they are seen to be "doing something"? And how many of these projects are producing real world solutions? I've just read the Starbucks news: "Starbucks will install Bakkt’s payment software in its branches, which will allow customers to pay with digital assets. Such payments will be instantly converted to fiat, however, so that the coffee giant does not have to deal with crypto". From another article: "So how is Flexa already letting Cameron Winklevoss pay for that Starbucks coffee with crypto, and how are the 15 other enterprises also doing so? First, users need to download the app from Apple’s App store, then send it their asset of choice from any cryptocurrency wallet. While Gemini custodies the crypto funds, Spedn takes care of the payment itself by generating a one-time QR code on the phone’s screen, which is scanned by the participating store’s existing scanner, debiting the amount charged from the customer’s account. While the customer gets a receipt showing the purchase as a gift card, Spedn settles the payment with the merchant in the preferred currency at a later date." So Starbucks is not taking any risk on Bitcoin nor holding Bitcoin on it's accounts - it will simply allow bitcoin to be converted to fiat at it's stores, or rather it's accepting a "voucher" for a coffee, the voucher just so happens to have been bought with Bitcoin. In this case you could replace this process with any other form of voucher/coupon/points/loyalty scheme. There is no doubt that Bitcoin is an interesting speculative instrument and can provide lots of trading opportunities. However I will remain skeptical until I start getting paid in crypto and can spend it anywhere (with no fiat conversion) - the ultimate sign of adoption will be when I can pay my taxes in it (and my parents start using it).
  16. I'm a Bitcoin/crypto skeptic, one of these "very people" you talk about @TrendFollower I think that the utility/adoption of Bitcoin is independent of it's value in relation to fiat currencies. How much of the price action is due to Bitcoin adoption/progress news and how much to speculation? (i.e. if I buy it now I can sell it for more tomorrow). I believe it is based purely on speculation. I just had a quick glance at recent news articles trying to explain the rise. There appears to be nothing about how Bitcoin is becoming more useful, being adopted more widely, becoming easier to hold/convert/etc: "Fidelity buying and selling Bitcoin" "The launching of a possible Facebook coin" "Bitcoin ETFs" "Elon Musk’s interest in cryptocurrencies" "Safe haven" "Mainstream appeal" "Exodus from alt coins" "The Bitfinex scandal drove Bitcoin purchases" "The Binance hack proved Bitcoin's integrity" The recent price rise has not changed my thinking at all. I believe that one day the bubble will permanently burst, bitcoin will die and we will all wonder what that was all about. It may reach $10k/$100k/$1m before then, who knows..... In the meantime I will watch from the sidelines with interest.
  17. Saw this earlier and thought it might be of interest for this thread. G7 FX Implied Volatility collapsing:
  18. Just to add to the discussion. EURGBP in the interbank market is dwarfed by GBPUSD and EURUSD. These two pairs drive a lot of the EURGBP price action, so often GBPUSD or EURUSD will move which results in a move in EURGBP (due to the "triangular" nature of the 3 pairs):
  19. Thought I would post an updated spreadsheet, interesting to see IG clients (us!) now: More short: major indices More Long: GBPUSD and EURUSD Very long: Bitcoin and Ether
  20. Coincidentally it's now the same as FXCM...I saw this the other day and thought "ah, that's better than IG Index"...
  21. Another option is to open an additional account, you can then say run your long term positions in one account and your short term positions in another - this is good for keeping track of PL between strategies etc.
  22. @TrendFollower It works fine for me, I have my demo account open in Chrome and my live account open in Firefox, no issues so far.
  23. Or you can have one account open in say Chrome and the other in Firefox, Internet Explorer or Edge.
  24. I've had similar issues over the last few days on the demo platform. IG support are aware (as of yesterday) and they said they are looking into it. Shame those profits aren't on a live account!
  25. Hi @RichB-Trader Would you mind sharing your risk spreadsheet (just the structure with any data blanked out)? I am working on building a risk and trading history spreadsheet and am interested to see how you have approached it. Thanks.
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