Hi Simnz. I don't really understand what you are talking about here. Perhaps you can provide a more detailed explanation of what you are doing and your reasoning behind it. What is your objective in correlating ADR with tick volume? If your bar is ...

The brutal truth of day trading

Futures vs Tick Data Some further investigations As promised I have carried out some further analysis of the relationship between FX futures volume and tick volume. These tests are much more robust than the first ones that I did. They use a week of ...

The brutal truth of day trading

I agree with this. Once you know what you are doing I believe the biggest risk of losing money in FX trading is your broker going bust - what I call broker risk - together with what is sometimes referred to as a black swan event like the Swiss ...

The brutal truth of day trading

Just a bit of a trading rant Hi Simnz Thank you very much for your kind offer to supply me with Fx Futures data but I will decline your offer for the time being. I ordered one month of recent FX Futures intraday history from a commercial supplier ...

The brutal truth of day trading

Hi Simz, I am not and have never claimed to be an expert on FX Futures. I do not have and never have had an FX Futures platform and data feed so of course I have never used it to trade Fx spot. I am however very interested in volume and order flow ...

The brutal truth of day trading

Hi Rick, Would you like to provide me with some Fx Futures data for EURUSD and AUDUSD? Since I already have the scripts prepared it is a fairly quick and easy task to run these tests on other currencies. As for being a waste of time, research often ...

The brutal truth of day trading

Converting Forex Volume Into Dollars image Despite significant evidence to the contrary, many traders believe that Forex spot tick volume is useless because it comes from a decentralised source. Back in about 2011 an ex bank trader by the name of ...

The brutal truth of day trading

My Apologies - All FX Data Is Good The problem was with my OpenOffice look-a-like of Excel which wasn't happy with the large file sizes. Data from both you guys is fine. Thank you. It looks like both sets of data came from Ninja Trader with slightly ...

The brutal truth of day trading

Thanks for the information. I had a look at this data. It is very old (around 20 years) and is only day data, not intraday which we want to examine. Regards Tim

The brutal truth of day trading

Thanks for going to the trouble of posting this data. Unfortunately that data provided has date stamps for each tick but no time stamp which makes it impossible to accurately synchronise it with the equivalent fx spot data. Anything I could do with ...

The brutal truth of day trading

Can Anyone Please Help Me With Some Recent FX Futures Data For Testing Purposes The Principle: Don't Guess, Test The purpose : I want to test the theory about correlation between spot forex and fx futures (price and volume) that has been discussed ...

The brutal truth of day trading

I totally agree with you. What you say is unquestionably correct but what I have been talking about and trying to establish are correlations. Are you able to help resolve any of these questions/issues by supplying valid FX Futures data that I could ...

The brutal truth of day trading

Hi Peter, What I am seeing a fair bit of these days is a number of very successful traders using a combination of Automation (EA's) to minimize tedious and time consuming trading functions together with manual input to direct or assist in the ...

The brutal truth of day trading

Hi Rick I just noticed this post. I would love to see some screenshots of this. Also, your average trade duration is way faster than mine. I am wondering how these correlations hold out over much longer time frames. Regards Tim

The brutal truth of day trading

Hi Kafin I have come across others trying this reset idea but I haven't at this stage seen the need for it. I make no claims to be an expert in this area. I am still trying to figure it all out and like almost everything else in trading there seems ...

The brutal truth of day trading

[quote=RickM;13561207] There is no way to avoid paying for a futures platform or data if you require the right tools, but $100 a month is needed. Hi Rick, thanks for your response. This confirms pretty much what I have already found. As previously ...

The brutal truth of day trading

Hi Murcott, Are you referring to the Volume Profile (VP) or the Cumulative Delta Volume (CDV) indicator? (see post 991) Neither are default MT4 indicators. Both of what I showed are just my experiments. There seems to a number of commercial ...

The brutal truth of day trading

Of course! I apologise for my previous, somewhat tactless comment to you. As Peter Caleb would probably say "Think before you push the bloody button". The same principle also applies to my trading. Regards Tim

The brutal truth of day trading

[quote=RickM;13560097]I see you have put a lot of work into that indicator. Using Cumulative Delta can also work best when you can convert Bids and Asks into candles to show actual bias of delta. Cumulative Delta Candles High Rick I did put a lot of ...

The brutal truth of day trading

The common claim that 95% or more traders lose money is a myth Over the last 10 years or so I have noticed this figure has crept up from about 90% to the point where some today are claiming 99% OR MORE are losers. In Australia there is a prominent ...

95% failure rate?