[Not recieving push notifications]

Hi, 

Hoping somebody can help. I used to recieve push notificaitons on my phone for alerts but for some reason they stopped and I've tried everything I can think of to get them back. All IG notifications are enabled, logged into correct account, uninstall/reinstall mobile app. 

Has anyone else had this issue?

Thanks

 

[Help understanding the open]

Hi,

I'm hoping someone can help me to understand better how the ask and bid prices can vary so much. I've uploaded two screenshots, one for the bid and the other the ask price on Wednesday 10am 4 hour candle. 

I'd like to point out that I'm not complaining or saying anything is incorrect. Just trying to better understand how it works and how people manage to effectively trade instruments with such a large variance. 

Any help greatly apprectiated

Ryan

[MT4 time of day specific strategy]

Hi, thank you for getting back to me. As far as I can find online the MT4 platform has to be in UK time. Unlike the IG platform which is local Melbourne time for me. I could be completely wrong on this. 

Although Melbourne time would be easier for me the main issue is just knowing exactly what the correct time I'm looking at is. As the two don't correlate I'm now unsure if the 5pm candle in Melbourne is the 8 or 9 am candle in the UK. This is especially the case when I go back in history further than the IG platform data as I have no other source to compare timings. 

I imagine there must be an exact formula to work out which is the correct candle but without having more data to look at and compare times I can't figure a way to do it.

[MT4 time of day specific strategy]

Hi, hoping someone can help to clarify something for me. I've just started using MT4 and am trying to manually backtest a strategy. The strategy is time of day specific and I have noticed that the timing of candles on the chart differs from the timing on my IG Platform. I am in Australia so both accounts have different time zones however after doing the calculation they don't cross over correctly for the entire year. For example on todays date 5pm Aus correlates to 8am Uk, which is what world clock says is correct. However even after I do the daylight savings conversion any time before March 30th is still one hour out. Can somebody please confirm the system that is used for timing on the MT4 platform. Does it not change with UK time during the daylight saving clock changes? 

Any help greatly appreciated

Thanks!

 

[Setting stops at price point]

Hi, hoping someone can help me with a quick question. 

I'm using the IG platform and trying to set stops based on a specific price point, rather than points away. I'm pretty sure I've seen it on the platform somewhere but can't find the option now. I know once I place the deal I can then change it on the chart window but trying to do it from the opening if possible. 

I've had a look around and can't seem to find the answer online so sorry if this has been answered already. 

Thanks!

[Trades closing way before stop loss]

12 minutes ago, Caseynotes said:

it is a bit twisted;

to get into a trade you buy the ask or sell the bid.

For shorts -  the bid price must hit your order to trigger the short entry.

 - to get out of your short trade you do the opposite, you need to buy back your sell position so you buy at the ask price so the ask price must hit your stop loss or take profit target.

 

(And for longs it's the opposite way round).

 

Got it, thank you!

[Trades closing way before stop loss]

1 hour ago, Caseynotes said:

if you need any help setting it up just sing out.

This may be a really stupid question.. When shorting would my limit be hit at the bid price and stop hit at ask price? Vice versa for long positions. Or is it when shorting, both my stop and limit will be hit at ask price and long positions would both be hit at bid price?

Thanks!

[Trades closing way before stop loss]

20 hours ago, Caseynotes said:

yes you do have a problem there, IG operate a variable spread system and though that has several advantages for traders it makes for problems eg backtesting. 

You might try just testing during main market hours and avoid the higher set spreads outside main hours but still will have a problem with periods of volatility.

Another possible aid is that though the web based platform doesn't have the function to display both bid and ask at the same time the Prorealtime and the mt4 platforms do.

Might be worth looking at mt4 just for backtesting as it also auto records test data.

Sweet I didn't know mt4 was better for backtesting. I'm gonna give that a shot. Thanks

[Trades closing way before stop loss]

Yeah that makes sense. I'm gonna look up the average true range and go from there. 

Thanks

[Trades closing way before stop loss]

59 minutes ago, andysinclair said:

Yes, you should definitely use the ask/bid price when backtesting. Spreads change constantly based on market conditions, time of day etc. and can have a significant impact on the profitability of any system.

I'm trying to work out the best way to do this. Do I need to keep toggling between the bid/ask price view as I'm backtesting to see where my buy in, stop loss and limits would be hit. Or is there another way to factor it in? I'm guessing as it keeps changing I can't just add/subtract a certain amount of pips.

Thanks

[Trades closing way before stop loss]

Looks like I have more homework to do haha

Thanks for the help guys!

[Trades closing way before stop loss]

**** I see that now, thanks for pointing it out. Is there any way I can try to factor this in?

For example when back testing do you use the ask/bid price rather than the mid?

Thanks

[Trades closing way before stop loss]

Yes GBP/USD. Opened today at

26 Mar 2021 17:21:21 Australia Eastern Daylight time.  Closed at 26 Mar 2021 18:00:02

[Trades closing way before stop loss]

I just noticed price did spike to 1.37621 but still nowhere near my stop loss and literally just above my opening price.

[Trades closing way before stop loss]

Hi, it was GBP/USD

[Trades closing way before stop loss]

My trades keep closing way before my stop loss and I can't seem to figure out why. I'm aware of slippage and spreads but some of them still don't make sense. Today I set a an order to sell at 1.37611 with a stop loss at 1.3766 and limit of 13749. The price filled my order and then moved down towards limit, came back up to 1.37607 where it apparently hit my stop loss and closed the trade. Price then went down far below my limit so should have been a good trade.

Basically my trade closed while it was in profit, saying it was at the stop loss.

Please can somebody help is there any way I can change the settings to make the trades more accurate as I can't seem to get the system to work, even close, to correctly.

Thanks

[Charts not working]

Hi, this morning my charts haven't started running again after the weekend. The Aus200 has been open for 4 hours and my order has gone through however the chart still shows Saturday. Same with Aus/Nzd which usually would be open now. I've tried different browser, clear cache, etc. 

Any ideas?

Thanks