Bopperz

Less people to talk to at home, but the coffee is a LOT better.

Implied Vols on the FTSE are looking a lot better today. Low 60's rather than >100%! Ive just picked up a long strangle, as I'm sure there will be a big move today. My hunch is on down, when we realise monetary stimulus still requires people to be at work, rather than in quarantine.

5 minutes till US open....... Just need to be careful of people closing positions at the end of the day causing a sudden rebound.

Hi, Any update on this?

Unfortunately I think its only a matter of time. The spread doesn't appear to be "random" yet, it's infecting groups of people, i.e. that church group in south Korea. Once it gets out of the groups.... everyone is fair play!

Im not sure about the IV on some of these options, FTSE @ 90%, wall street @ 105%. Might be better to sell the option, delta hedge, collect the time decay. Ive not tried anything like this on a spreadbetting platform though.....

Not sure if its going to work, but I am looking at SEPT calls on the FTSE. They are "cheap" (not in terms of IV - but £), and if this all blows over/is an over reaction.........

Once it broke 26000, it went into free fall!

Down to 25500 from August '20?

Hi, I am looking at historical data for London Cocoa (daily chart) and the price jumps from 1600 to 2000 in one day, 28th April 2015. Please can you confirm if this is correct?

The last two days have seen sell offs in the late afternoon/evening. Hoping for the same again today!

Chucked in the towel around 3PM yesterday, unwound my FTSE short as the market kept pushing upwards through 7000. I check the charts this morning and everything sold at 4:30PM! So annoying! 🥵

Well this bounce is painful. My fool-proof plan of scaling into a short FTSE trade is....... not fool proof.

Hi, Having an issue with my charts again, if I add a horizontal line it vanishes when I change charts.

Anyone got any ideas why everything moved so suddenly?

I am currently long BooHoo, so I was checking out a short FTSE this morning to try and protect that. FTSE was at 7100 ish and I thought maybe the worst had passed. So I didnt do anything. Regretting that now.

That was a nasty move down wasn't it! All in 30 minutes, blink and you'll miss it.

I do like ADX, its quite easy to see visually what the current trend is. However, ive had trouble when backtesting due to the number of combinations I can think of! DI+>20, DI+>DI-, ADX>20 and DI+>20 etc. Got a bit messy.

As soon as I saw this.... i don't believe it. "That's the day I first found out that I could make money without any GCSEs or qualifications," I am sure there are millions of people who do make money without qualifications. But £200k a year? REALLY! Statements like this, just encourage people to do reckless things.

For added fun: If I change the timeframe of the chart, then change tabs, it resets it again!

Hi, Logged in this morning and all my drawings/indicators etc are gone. The screen has reset to the 5 minute chart with no indicators or drawings. Is there a way to get them back? I put a lot of time into these. Thanks James

Thanks @kodiak! I will take a look at your code. It looks like a large part of the code is creating/updating stop loss? They have a built in function for that now, so ill probably use that. I think there is a problem with their example though. They are identifying the opening candles using the IF INTRADAYBARINDEX = 2 THEN, this triggers on the third candle. But it seem to ignore the very first candle and take the high/low of 2nd and 3rd candle. I changed it to INTRADAYBARINDEX = 1, and it correctly uses the 1st and 2nd candle.

Hi all, Pretty new to PRT, I am looking at an example they give in the docs. From my understanding and some squinting at the charts, this code dosent get the high and low from the opening bars. It actually takes the high and low from the preceding two bars. Am I correct? And if so, how do I get the opening bars? Suspect code/description in bold. This is a basic breakout intraday trading system that takes only long positions. The initial range is determined by the highest and lowest points of the first 2 candlesticks of the day. A support is defined at the lowest point and a resistance at the highest point. DEFPARAM CumulateOrders = False MM = Average[10](close) MyTarget = 1 EndTime = 170000 IF INTRADAYBARINDEX = 2 THEN MyResistance = highest[2](high) MySupport = lowest[2](low) ENDIF REM Enter Long: IF MM > MM[1] AND close CROSSES OVER MyResistance THEN BUY 1 SHARES AT MARKET ENDIF REM Exit Long: IF time > EndTime THEN SELL AT MARKET ENDIF SELL AT MySupport STOP SET TARGET %Profit MyTarget

I think your right...... however 1) You would have to pay (half?) the spread every time you re-opened the position. 2) You would miss out on any price action between the option expiring and opening a new daily option. I guess we could fire up the demo account, buy a call every morning, see what the return is after one month vs holding a long spreadbet position.

I think imbalances are very rare and very quickly resolve themselves. Classic arb setup to buy the index and sell all of the constituents etc. So now I am thinking....... the constituents with the highest beta should respond to technical patterns on the index chart?? Anyone ever looked into this?