Karma
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Posts posted by Karma
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UK not new 2 years trading but hey to new guys from UK.
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On 17/06/2022 at 18:26, eastside said:
if it goes down try selling? its only a demo a/c
i.e. going short you may wish to use the IG Academy. I been in financial industry 20 years and was a trained stock broker before I started trading and I found hard. You may wish to go to basics.
google ig academy.
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From the indicator Tab choose Exponential Moving Average 50 and 200 and I coloured 50 blue and 200 black when 50 crosses and goes down Sell (go Short) and when crosses and goes up Buy (go long).
In the example below I would short but between me and you I used to use lot of indicators to confirm I finding when price goes below 200 or 50 EMA stays there a while and when above vice versa so use this as this generates more signals.
I must confess I use on commodities and indices mostly which have high volume. To be honest I made bulk my cash buy and holding but trading for 2 years I only go on times of high volatility. But if can be of any help let me know.
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On 26/05/2022 at 10:48, MongiIG said:
Hi @Karma
Thanks for the idea. I will forward this to our I.T Tech team to review this idea.
All the best - MongiIG
You know actually a notes tab would be awesome to. love IG platform but really could do bit more functionality. It could be simplified its great but when all positions running away just be handy. Along with a close all trades option.
Sorry now I have started wouldn't it be nice to have a note tab as shown below.
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It odd you should say that entry is not an issue for me its when to get out. I tend to use a 50 EMA 200 EMA cross. Though I differ some times I use a MACD cross. If you think about it logically its gonna go up or down so all you need is a small reason to pick one side. To me the hardest thing is when to take profits or get out.
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Well I think so because its long overdue and economy works in cycles.
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Is there a way to use your signal as a trade screener to see which meet your trading rules. If not would be a great idea.
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What happens in spread betting account if use say June 22 future does the position expire at the end of June or does it roll over. If so how.
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6 hours ago, skolski said:
Hi
Can anyone advise me why the volatility index (1 GBP contract) index doesn't exactly match the VIX, although movements correlate its several points higher on IG than VIX?
VIX = 17.68
Volatility index (1 GBP) = 20.46
Cheers
time lag in all index though are you factoring in the spread also.
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Simply would like a close all tab on positions to close all trades at once as I tend to close out end of the day and would help me. So if you have a number of trades over a number of instruments and ability to cash all out at once. Think be a great addition.
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I had this question to did you ever get any answer
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23 hours ago, THT said:
You HAVE to remember our brains "might" work and see things different - I want precision, I want to be in a trade near to the high/low depending on trade or at worst within 1 bar of the high/low - your personality might not suit that style!
My How To WIN thread pieces lots together- lots
My recommended reading list would be in order as they enter my head:
- Dr Van Tharps books
- Mark Douglas "Trading in the Zone"
- John Caters "Master the Trade"
- Dave Landry "The Laymans guide to trading stocks"
- Robert Miners "High Probability Trade Strategies"
- Elliott Wave Original works
- WD Gann original works
- Street Smarts by Linda Raschke and Larry Connors - if a good read but not not brilliant
- Di Napoli Levels by Joe DiNapoli - is ok'ish - the focus is on Fibonacci retracements and extensions - a lot of this book (which is expensive) is contained in a slightly different style in Robert Miners (cheaper) book noted above in #5
- I enjoyed reading stuff from Jake Bernstein and Larry Williams too - but I don't use
You have to take little nuggets from each book - I'm NOT saying these styles are perfect - sometimes in the books its not the trading method that is valuable its the other casual stuff that's mentioned
Take John Carters book - I don't use any of his methods at all - its the mental and practical aspects for me
John recently took his trading account to $18million I didn't look how he did it but he trades options and his favourite Indicator is the SQUEEZE Indicator that is in the book
My methods come from WD Gann and 2 of Elliott Wave and a few that I've mixed and created myself
I'm afraid one the bad things about trading is you have to read and test a lot of the stuff out there to realise it does not work or suit your style, all the while the sharks are happy to take your £ until you fathom it out
In my How to Win thread you'll see I use a 2 period RSI Indicator - This is just as good as the Indicator in Miners book and Joe DiNapoli's book - blindly trading this RSI will result in failing, but using it as I recommend at key times, gives you a high probability of winning
Thing to remember and you'll ignore this is 95% who try to trade for a living fail - It's hard, its easy to place a trade anyone can do it, 100% of those who end up in the 95% think they'll easily be in the 5% - yet end up in the 95%! EVERYTHING is ultra important from the method to enter, exit and planning
In the How to win thread there's a number of keys to success listed
Wow ok I am hitting the books - thanks by the way I am also going through your other thread but its so in depth. Lol I kinda can figure out where a trend starts but enver where it ends. really appreciate your help by the way.
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15 minutes ago, THT said:
LOL - that would be never as it would involve dealing with idiotic and stupid members of the public - we used to have one of them on this site
Everything I have learnt is out there in printed form - It doesn't need to be re-written, repackaged and sold again
for a new guy how about a book list as honestly so much rubbish written on trading I get confused. Really are there any books you would reccomend.
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I read some of your how to win - sorry its gonna be a weekend job for me as it was very in depth. I found it interesting do you manually trade or autotrade. I am on a massive educational drive.
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44 minutes ago, THT said:
It all depends on the method - Depending on what it is it will work, but the market cycle and conditions may affect things
For those 3 chart I posted above - the stop I would use is a % of ATR - that will change per market and per time-frame but the overall method of trading still works regardless, you just have to adjust the trade parameters
I'm NOT saying that you can just trade a method and it will work - because it needs to be traded in the correct market conditions for it [the method] to work, but if it works, it works as long as its traded in the same market conditions
I am happy to explain further as its fairly crucial to understand
In those charts above the stop goes 1 penny underneath the last swing low - as the method shown was trading up swings of the markets shown and 1 penny above the swing highs for trading the down swings - the stop would depend on entry to stop positions and as a % of ATR for each market - the METHOD worked, the parameters for stop positions etc is up to the individual trader, but it makes no sense in having a wider stop than shown as a violation of the SL/SH means that the trend has failed and over
If using some glorified Indicator to trade from/with then that is when things can become distorted
For example stupidly trading every stochastic or RSI or MACD when it becomes oversold or overbought - this methods does work, but only in certain conditions, once you work out those conditions you no longer trade the Indicator on every reversal, as such you've improved the trading method to one that does work and can be traded
so do you trade on monthly charts cause I been thinking that would make very good sense. I must also confesss ATR is something I have not really looked into.
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5 minutes ago, THT said:
As long as its a freely traded market yes - not sure what you mean by adapatations - but the basis for the method works on all freely traded markets and time-frames
surely for example and I am only just throwing this out in a less liquid market say like lumber you gonna need to have much wider stops?
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must confess Im newish so not great at navigating but shocked how much you can custmoise though at same time I dont see where the guides are. There is a way to show this by clicking arrow under equity used.
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1 hour ago, Itsbecauseofthem said:
What I mean is, say you buy 100 shares/etc, and it drops by 10 points, you decide to wait it out and it rises by 20 points. Do you have to pay for when it dropped by 10 points?
no its only when you close trade or they close as you have exceeded margin requirements
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On 11/02/2021 at 22:53, THT said:
If a method works - it WILL WORK on ALL MARKETS and ALL TIME-FRAMES
The methods that I trade worked over 100 years ago and they are still working to this day, exactly as they did back in the 1920's!
I trade FTSE100, FTSE250, Individual FTSE350 stocks, GOLD, Silver, ETFS, ETCS, EURUSD and all my methods work on all those markets
If you think your method does not do that then the problem is either you or the method
No-one can always read a market - price and time are evolving in 4D, we're forced to view that action on a 2D front on chart
Your method works on all markets with no adapatations?
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I agree with Jlz - though there is so much **** out there so hard to filter through and get the correct info.
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I think trending markets and flat/oscillating markets require different strategies. I use Dochian/MACD for first but I am hopeless when no trend. I heard channel trading works but just trying out.
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36 minutes ago, Kodiak said:
With all the stimulus and money printing the bubble can grow much more
Maybe some dip if Biden wins the election? (or before if it seems for sure)
I watched the cartoon and now feel better informed
- I know quite few guys in finance industry and their all sitting at side wondering what is going on. But if its a bubble how long will it last - Also can world economies keep going and pumping more and more into the system.
At moment just hitting (scapling) and reversing but still short. Yet I tried and failed that with tesla once and feailed miserbly.
What to do? What to do?
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Ok I get the markets have moved up alot recently and im not opposed to making money on the upside but anyone reckon its bear moment.
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38 minutes ago, jlz said:
Thanks mate - I private messaged you - ill go through link you sent and get back to you. But gosh IG.com dont make it easy do they. Site is gr8 but user friendliness is a wee bit wanting.
- I know quite few guys in finance industry and their all sitting at side wondering what is going on. But if its a bubble how long will it last - Also can world economies keep going and pumping more and more into the system. 
Algo/Bot Trading - Need Help
in IG Chart Support - Charts, MT4 and PRT
Posted
Ok so been trading for a while and quite successful but I would love to develop an algo/bot to do this. I would love to learn how this can be done. Anyone can help or point me in right direction.