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Bopperz

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  1. You need to calculate them yourself. The options screen will give you the price and the Implied Vol. You can use a website calculator or write some code/excel.
  2. The post office have used this strategy for years on their travel money. Everyone loves "free" currency conversion!
  3. Hi, In LIVE the margin is 10% and in DEMO it is 100%. Please correct, I know its only demo, but I like to try strategies out before going live and this messes with their performance.
  4. From the chart you posted, it looks like you went long around the 37.5 area. With prices dropping down below 36 on Sunday. So... still in the trade?
  5. If you want to hold a position for a week or more, try and use a futures contract. You wont be charged a daily fee, other fees still apply though.
  6. Hows that long position working for you today? Presume you were stopped out on Sunday night unless you got out on Friday?
  7. There is a bit of debate about moving stops up to lock in profit (or reduce the risk of loss). Generally I am in favour though. But be careful not to increase it to much, else you will get stopped out by noise. Classic. We have all been there. Check out some of the forum posts on backtesting, this should give you an indication on the amount of volatility in your strategy. What kind of risk/reward were you running? What timescale were you looking at, and what was the ATR when you put on the trade? (You can add ATR as an indicator, and read it straight off the chart).
  8. If there is a change that invalidates the signal, its probably a good idea to close the trade. i.e. emergency rate cut, jet plane shot down, elections/polling noise...... etc etc But if you find yourself closing trades early, i.e. closing at a loss, before the trade would have gone your way. Then you need to sit back and leave that trade alone! As for setting the stop. Check out the ATR, if you are not a multiple of that, you will get stopped out by market noise. You can also monitor drawdown when you are backtesting. Closing a trade based on a technical indicator, is very valid. You can set alerts on the platform for most of them.
  9. @House-Of-Lennard Welcome, had any luck turning those demo £ into real £ outside of a bank environment? What commodities do you trade?
  10. Back on topic.... Have you completely given up on technicals? The problem with fundamentals is the very long timescales. You spot a company in trouble, how long before the trade pays out? A long time, so that's a lot of capital tied up in a trade. I have tried fundamentals, based on some guidelines from the "Naked Trader". I think in a long slow bull market, this will make you some £$£, but I remember he was bullish cineworld. Covid really killed that trade! On a side note: What return do people aim for? I am thinking a steady 25-30% a year would be great. People seem to earn a lot more, but can they do it day in, day out, without blowing up an account? J
  11. Maybe he/she is not actually a quant. A quant would probably know the answer to the questions they had asked. And don't even get started about the compliance aspects!
  12. Hi Syswing, This is good work, I have tried writing code that picks up visual patterns before and it was very hard! Once you have this bit sorted, the other parts should follow fairly easily. As you have a background in computer science, you know how to write you code in "interchangeable blocks" etc etc. So I suggest keeping it REALLY simple, then updating as you go along. Every part of the trading strategy is important, but imo you will struggle to turn a 60% loss into a winning strategy by tweaking the other parts. So make sure your core idea (entry and exit) is a winner. 1) Exit point: You will want to try a variety of exit points, and maybe a combination based on level and time. For a first attempt, set your sell point at 2x your risk. You will need to do as much work on your exits as you do on your entry. 2) This is linked to total capital usage. Go with 4-6 open trades. If you are following several markets, consider only taking the strongest signals. 3) Good rule of thumb, MAX 2% equity at risk per trade, with 6% at any one time. As trades earn money, consider moving the stop loss up to lock in the PnL, which allows you to open more trades. For a first attempt, just have three trades at 2% equity, and build it up from there.
  13. Just a side note: I hate AO. Last time I checked the fundamentals, they were a shocker. In one of the countries their cost of sales was higher than sales, so they are selling all the stock at a loss. And that's without overheads being included!
  14. Can automation help? If the trading plan is solid, and can be expressed in code. It can remove some of the mental problems.
  15. Its a bit of data that I never look at, so I cant cheat. The problem is, if you study a price chart long enough you will find something that works. To get around this problem, I test the theory on this unseen data to see if it still performs. Imagine you were using a SMA cross over strategy and trying out different averaging periods. How would you know that 12 day vs 50 day was the best setup? If you used all your data, you would never know if you had just overfitted to your dataset. Your model may just work really well on past data and not generalise to new data.
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