Relevant articles for you
Squawk / 05 October 2016 at 14:13 GMT
Financial Systems Advisor / Quantitative Investments Inc
Canada
I should get up earlier more often, would seem 5:30am news provides reasonable opportunity
05 October
Feders Feders
Hello Qi2!, are you using I suppose this fxtime algo (I suppose because I read fx and you a lot!)?:

EURUSD rallies faster than GBPUSD rally, then EURGBP rises
EURUSD rallies slower than GBPUSD rally, then EURGBP falls

EURUSD falls and GBPUSD rallies, then EURGBP falls
EURUSD rallies and GBPUSD falls, then EURGBP rallies

EURUSD falls faster than GBPUSD falls, then EURGBP falls
EURUSD falls slower than GBPUSD fall, then EURGBP rallies

If yes, how do you define "rallies faster", "rallies slower" and plain "rallies" in those scenarios?
I'm really new in all of this, but I think this algo can be apply without knowing much of this universe.
Today I found a way to get market data(although 20 minutes delayed) into an Excel spreadsheet, and there I would like to play with this algo.
First doubt I had was those definition of "rallies", the second was how many minutes between readings should I set up, 5, 10 , 60 minutes? I don't know.
Thank you in advance, very much!. Regards
05 October
Qi2 Qi2
Hi Feders, yes I use the fxtime outline to create my algorithm. It can work on any setting, I actually trade it on a 5 minute chart, but this can cause overtrading, because to the price change can mislead you in such a short timeframe and a computer is much faster and realizing the change and taking a position or closing a position. You can trade it manually on a 30 minute chart quite easily, please make sure that the GBPUSD the main one you watch (when opening a trade) as it usually moves faster than EURUSD. Several of us who trade it look for the GBPUSD to be moving at least 2 times faster than the EURUSD before we enter a position. When using this algo, it is the rate of change in price we pay attention to and then 1 of the 6 rules above will apply :)
14 October
Nanaos Nanaos
Hello Qi2. Thank you for all your posts you share info about your trading. From the screenshot above I can see that you have some exit rules implemented in your algo. Can you please tell what are they? Thank you!
14 October
Qi2 Qi2
Hi Nanaos, it depends on the timeframe I am trading, I prefer 9:30am EST to 11:30EST, then I use and 11 pips stop with 5 pip TP, however, given how the algo works, its can execute a 5 pip TP and enter a new positions within 250 milliseconds, so I don't loose pips by using this idea. If you are manually trading it, I would suggest more patience and let the trade work. For example I trades it this morning, my long entry was at 0.89938 and close at 0.90268. Are you trading with an algo?

Have you read the fxtime articles? https://www.tradingfloor.com/posts/may-the-force-be-with-your-algo-7928840

I think in your time zone you can trade the UK/European markets and so I would use a specific timeframe range as my SL, for example, 8:30am BST to 9:00am BST. I seem to think fxtime has a additional information in his article, maybe in the charts, I seem to think the TP can be as high as 45 pips..
14 October
Qi2 Qi2
I'm not sure if this will help, but I drew a line at 8:30am BST (candle open) and at 9:00am BST (candle open) and use that range as my SL setting, in this instance it is 13.5 pips.
14 October
Qi2 Qi2
No idea if this chart helps you, but I have EURUSD (Green/Yellow candles) and GBPUSD (Red/Green candles) on one chart, then on top that chart, I placed the EURGBP, I thought this might help you see the movements?

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail