JJP
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Posts posted by JJP
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I'm getting this problem now too
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I find it happens more frequently if you move a limit order through a stop.
For example, If I trade with no limit order in place, and with a trailing stop loss. If I then decide to stop following with the stop, and place a limit order at target, the act of dragging the limit through the stop position, deletes the stop and it has to be reset.
However, this is not the only time it happens. It appears to just happen randomly
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Yes, I've read that. Thank you. VWAP is anchored to the opening price and changes through out the day based on volume traded and price. It is calculated as (Volume Traded x Price)/Total Volume. Thus it should remain constant, for any particular instant, when viewed on every timeframe chart. The IG VWAP indicator does not do this. It reads, for the same instant in time, differently on every time frame. That is why I asked, "How does IG calculate its VWAP indicator. Could you please answer the question?
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Hi, Recently I have been trying to get to grips with the VWAP indicator. When I use it on a chart, unlike other indicators, it does not appear to have options for amending the number of periods it calculates on etc. Only options for changing appearance. Could you please let me know what settings the IG VWAP indicator uses as default,
Thank you
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6 hours ago, AndaIG said:
Hi JJP
Thanks for the question
On spread betting we price our shares directly from the exchange. We then wrap IG spread around that price. The only difference between the exchange price and the IG price is account for in spread. Please see the following link for an indication of our spreads in different jurisdictions.
All the best
Anda
Thank you Anda for getting back to me. I totally understand that IG wraps it's spread around the exchange price in order to create market pricing for its customers. That's great. But are you suggesting that in an All Hours Market, the spread is so big it can create a candle with a range 3 to 4 times, or more, larger than the exchange range. Surely not?
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Although I have been trading FX for a while, I have recently started trading individual stocks and US stocks in particular. Can somebody please explain why the IG Daily candles look different to the same day candle from other market data sources.
For example:
IG Today on Tesla is significantly different including massively higher high and lower lows than have been achieved throughout the week and in comparison to other data sources. See images.
J
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18 hours ago, u0362565 said:
Ok thanks guys, what you say makes sense. I was certainly considering using multiple units and selling off at different points but just not decided exactly where. Also when you trade in the smallest size which I am as a long term way to test what works I don't have that option but I could step it up a unit. Of course trailing the stop will massively affect the expectancy of the method I imagine so I would want to sort this out sooner rather than later otherwise I've done live testing that doesn't count for much if I then change the method. Not trailing the stop really comes backt to the idea of wanting to be right about the situation which we naturally do but I can see that it's a hard enough game as it is and better to live to fight another day with some profit rather than a loss.
Another factor that comes into play is the psychology of the unit size. I'm much more willing to risk a loss when the monetary value is not big in my view. The hope is after a long trial at small sizes I would step up and hope my psychology doesn't change when more significant amounts of money are at stake. In theory if the method works I should have some confidence to be able to do that eventually.
BTW, I very much agree that back testing and live demo testing and live small lot testing really helps to develop strategy confidence and sets mental discipline and psychology. It also helps build up the account so that you can take larger position sizes with funds from the market rather than from your bank account. I struggled for years to find a way to back test strategies as it takes a very long time to do that manually. I recently discovered FXDreema. It's a logic tool which takes a little getting used to, but there are many instructions and videos to help. You use it to build your strategy as a set of logic steps and then the tool writes it as a coded EA robot for you which you can then run in either MT4 or MT5 in the strategy tester on historical data or on live data. No coding skills required, and you can get a free MT demo account through IG. This has significantly improved my trading. I highly recommend it. You can even use fxDreema for free for limited robot sizes.
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19 hours ago, u0362565 said:
Hi all,
Something i'm struggling with at the moment which i'm sure depends on the individual but interested in other views. I enter a trade with a stop loss and profit target limit in place. This is often a large risk/reward ratio, between 5-9 : 1. As i don't currently trail my stop there are only two outcomes in theory. However, what i have been liable to do is reduce my take profit target, and in the case of my last trade, my initial ratio was 8:1 but when i reached 6:1, i thought you know what don't be greedy and throw this away because in theory if the market reversed i'd then have a 1R loss. So what is my question.. I guess the main point is whether anyone should allow a trade to lose if its in profit 1R+? Logically it doesn't make sense to throw that away given how hard it is to make a profit in the first place and to not protect that might suggest you think you know what the market is doing, but to me i'm not sure you can ever really know that. To add some context i expect my trades to be open a few days, in this case i got to 6R much sooner so my time frame for the trade shortened as i closed it early and it moved further than expected in the time. In the end the market did move to 8R where my initial target was but of course i didn't know that with certainty so i didn't mind and that gives me 6R to throw away some other time
Probably the only answer is to keep testing and gather as much data as possible but when you don't automate your trades i'm sure thoughts like this often present themselves.
Thanks for any advice
I move to breakeven when I get to 1R profit and then I follow price with a 1R gap. This means that I often get breakeven and also don't often get as much as is available in the market as I can be stopped out at lower profit levels. However, I regularly get 2, 3 R and sometimes much much more. Though I suspect I am more of an intraday trader and scalper than you, and this method protects my capital for another day. One thing I have been experimenting with is following price using the Parabolic SAR. 1H works well for intraday and swing trading I find. So, for example, when you got to 6R in your trade, you could move your stop closer to the price using either a fixed distance or the PSAR (or other indicator) and then still be in a position, and a profitable one, leaving yourself with the chance for the market to go on and hit your 8R target. By the way, I think 6 R is a very good trade. Congratulations on it.
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Hi, I am considering opening a Pro Real Time account. Before doing so I would like to use it as a Demo account. If I open a PRT Demo Account, do I still incur the £30 per month charge?
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2 minutes ago, fdasgfdhfgh said:
its back up again
Can you please post the swiss blue chip price
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1 minute ago, fdasgfdhfgh said:
its back up again
Not for me
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This really is an unfortunate situation. It may well be just a capacity problem or other technical glitch, but the fact that I cannot find a message from IG to explain the situation is really galling and upsetting. I don't trade big and I rarely make money, but its my fun lockdown hobby and I would prefer to do that on a stable, reliable platform with clear customer service messaging when things go wrong. AM currently opening demo accounts with other regulated providers.
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On multiple occasions, after I have moved my stop loss towards the price to achieve breakeven or lock in some profit, the IG platform publishes the acceptance notification and then subsequently deletes the stop loss altogether... not just move it to a previously established position, but remove it all together!
Is anyone else experiencing this issue? Is it an known issue? Has it been raised with technical support and is there anything being done about it?
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On 08/02/2020 at 13:19, celcerut said:
Hi, does anyone know whether on IG charts you can move historically candles one by one?
Basically, something smilar to the 'Replay' feature on the Tradingview platform?
Thanks.
Hi,
Did you ever get an answer on this? I was just wondering the same thing. Something like the F12 button on Meta Trader would be good.. and so simple to implement.
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On 07/10/2020 at 17:07, Fiona-IG said:
Hi JJP
The information is currently updated three times a day, at approximately 9:00, 17:00 and 22:00 (UK time)
I've shared your comment/query with the team so they can make this clearer within the tool.
Do let us know how you get on with the tool, if it helps, and anything you might want from it in the future.
Best,
FionaIt's a nice way to track performance over timeframes. Saves me having to pull historical data and plot my own charts. I can think of a few ways to add features, in addition to making it available on all platforms as previously requested.
How about:
- Ability to compare respective periods across months, quarters and years. Sometimes a particular time of year/month/week is more performant than others... would be good to see and analyze that at a glance.
- Ability to personalize by adding ones own draw down and draw up levels
- Ability to click a point on the chart a jump to the specific trade(s) that led to a tick up or tick down.
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The second the ECB press conference finished, and I entered my trade, suddenly the IG system stops displaying market data. Status page says everything is operational, but not for me. What is going on?
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The news feed on my trading views has not updated since the 24th August. Any idea how I can get it to restart?
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I see your long bias is paying off this week. The news tells me that the refined copper production outlook by Rio Tinto has been cut recently. So a potential shortage of supply. Do you think this is the reason for the recent surge upwards
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Am just trying to better understand my performance with the trade analytics tool and was wondering how often does the tool update with closed positions?
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Just now, JJP said:
Strangely though, I think the chart pattern is an Elliot Wave airplane chasing an inverted cup and handle. I imagine that everyone will be able to see that and will all follow it's trading expectancy, and thus a continued sideways movement will result.
Or maybe it is the even more special ship and inverted cup pattern.
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Strangely though, I think the chart pattern is an Elliot Wave airplane chasing an inverted cup and handle. I imagine that everyone will be able to see that and will all follow it's trading expectancy, and thus a continued sideways movement will result.
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Looks like a close below the up trend support, but holding above yesterdays low. For me, I will look for a close below 6227 before attempting a short, just as you also conclude.
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Charts not working properly. Lots of candles missing.
in IG Chart Support - Charts, MT4 and PRT
Posted
Hi, there are large junks of data missing on almost every time frame on pretty much all the assets in DEMO.
Is this something to do with my account or is it an IG wide problem?
If the former, what can I do to reset it?
If the latter, what is IG doing to fix it, and when will it be fixed?
Regards,
Jono