Current Trades — EURJPY short 160.57 S/L 161.25. R = 1.5% EURCHF short 1.6051 S/L 1.6086 R = 0.9% EJ - took the trade after seeing the low at 160.45 and then split the pullback to 160.78 for the entry. In hindsight, the trade could have waited ...

Coda's Trading Journal

Another data point — Thursday night I placed the same GU long at 1.9411 order on two different systems. The MT4 broker reached that price 3 times during the night and obviously the trade ran. The pass-thru broker came within 1/2 a pip once but ...

How much does marketmaker broker prices differ from EBS/Interbank feeds?

There have been a bucket load of analysts on the networks singing this song the last few weeks. Most of them are talking about the 2nd half of the year. I assume that anything being pushed by the networks is probably tainted. Even if they have no ...

Gold at 1000USD!

Hi Goose The extra Sunday hours will make a difference to anything that works with averages compared to systems that don't have Sunday bars on the daily. The extra day on dailies could add a big hit. Not all brokers have the same start of trading. ...

Data feed differences – do they really matter?

Hi trevman, You're right. The shadows are wrong. I hope the point is made despite the mistook. As to differences, there will always be slight differences I suppose. There is no single market and when your broker is the market maker you had better ...

Are we trading different markets?

Hi trevman what you are seeing is the main reason that I think candlestick patterns, Doji's, pin bars etc. are a lot of hooey. The only thing useful is that they display actual price movement, (which is important) but the various shapes that are ...

Are we trading different markets?

//Danger ahead, assume I am talking through my hat. I just find it simplest to explain moving price as being the result of one or more transactions because getting the price to move where you want it can be done manually by someone sitting behind ...

How much does marketmaker broker prices differ from EBS/Interbank feeds?

Hi, Sorry for not being precise. IB here, is Interactive Brokers, who do not make the market but act as a intermediary, passing your order on. They have a dynamic selection process which supposedly selects the current best quote available from a ...

How much does marketmaker broker prices differ from EBS/Interbank feeds?

I've had up to 3 different live feeds running side by side. The MT4 broker I'm using at the moment typically straddles the quotes that I'm getting from IB, supposedly the best interbank market rate available. Typically the MT4 bid is one or two pips ...

How much does marketmaker broker prices differ from EBS/Interbank feeds?

Understand what your indicators represent and how they calculate whatever it is they show - then consider the following: What will magic indicator X do if the price were to go up from where it is now? And what would that magic indicator X do if the ...

How do do you create your trading strategy?

As you say, experience is the best teacher. Once you've made all the mistakes that it is possible to make, experience starts to accumulate. If you're lucky, you'll start remembering what worked for you, or rather what didn't. Then you go looking for ...

How do do you create your trading strategy?

Thanks for the Gain Capital link. That's a new one to me. Problem with dukas is that they will bar your IP after a while. That makes the whole process even longer. I wrote some software to fetch the data in sequence which took some of the pain away, ...

Good Historical (Tick) Data Source

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Good Historical (Tick) Data Source

Are you sure this is a licensing issue? I thought CFDs were not legal in the US.

MT4 Brokers offering indices

off topic in a big way — Sorry guys, this is way off topic here as this is wandering away from Forex. Please ignore this post (except for Shrike that is)@shrike: I'd PM my question to you but I don't have enough posts here to use that feature. ...

MT4 Brokers offering indices

I expect that you're right. Boilerplate Cyprus based white label MT broker. Limited palette of ~40 CFDs. 3 Indexes offered as mini futures - NASDAQ, S&P and Dow. I'll keep on looking...

MT4 Brokers offering indices

Thanks for the heads up, limcs. I missed that when I was looking at their website. Let's see if they will offer forex and CFDs with MT4. I've found a couple of brokers who do both, but only let you use MT4 for forex.

MT4 Brokers offering indices

Thanks coder, I'll take a look.

MT4 Brokers offering indices