Recent content by mortysill

My stops vary depending on the volatility of the pairs traded. Generally they vary between 50 and 100. You could try 1. to get your entry closer to the extreme of the day and be prepared to have a number of orders that don't trigger. or 2. have a looser stop perhaps based on ATR(10). A...

Many thanks. Solved my problem. Exactly what I wanted. Regards Morty

Hi, I can't find the currency pairs I used with MetaTrader. Most demo servers used to supply price feeds for CHFJPY and NZDUSD amongst others. These seemed to have disappeared. Have I missed something? Do you know where I can download MT4 that has NZDUSD at least? Regards Morty

Probably to do with the date. Regards Morty

The market makers love news releases, there is no quicker way to separate a trader from his trading capital. Assuming some degree of honesty, if the market suddenly moves up (after a unexpected number), how many sellers do you think there will be? If no one is prepared to short a rising...

Hi, Could someone help me with this? I would like to plot the average body size, as a custom indicator, in Metatrader. Programing is not my strong point. The calculation would be the average of the absolute (getting rid of the sign) of the difference between the open and close ie...

Canadian GDP :D Regards Morty

Hi, Deutsche Bank is definitely not FXCM. DB provides liquidity for market makers including FXCM and Saxo Bank. DB is huge in FX. FXCM is just a minnow in comparison. I have an account with both. The pain is not being able to have the DBFX Trading Station and FXCM Trading Station...

I think the stock indices and forex certainly behave in similar fashion technically. It is rare to see statistical analysis and technical analysis being used in the same sentence! Statistical analysis of technical indicators makes for unpleasant reading: I have to admit I sometimes use...

Were you trading the NFP release yesterday when this happened? Regards Morty

Thanks. I agree. The highly correlated pairs interest me. You gave an example of a yen neutral hedge with GBP/JPY and EUR/JPY. Do these set-ups work i.e. do they remain neutral over time? Or does a gradual exposure to the market occur. Regards Morty

Sorry I mis-understood you. I was describing a way of laying off some of the exposure with a hedge (in the way equity traders use the word). The interest being an extra boost to profits not the main reason for setting up the trade. What is your experience with setting up these sort of fully...

I don't know about EUR and CHF - interest differential looks a bit narrow. Look at GBP/JPY and EUR/JPY. The correlation is 95% positive. If you went long GBP/JPY, in January, you got +$22 per day and short EUR/JPY -$11. Net $10. EUR/GBP yielded about 50 cents. Of course subparity crosses are...