Gym
and fifo..there are not any dumb questions...
and fifo..there are not any dumb questions...
and do not use anything it was intended to be used for...I suggest you turn yourself "in" to the authorities..
Quote from fifo:
Here's a stupid question. When I made the Demo trades I ignored the swap cols because I had no clue what it was. Over the days the numbers became larger so I googled and realized they were the charges to close and reopen. According to Oanda, this process is not necessary anymore. Still not sure what actually gets done in this process and more importantly why. But my question is, in your pic, are + numbers debits and - numbers credits? Confused.
While I am asking dumb questions, ES, where do you look to find the interest differentials?
Quote from mmccormac:
Do a search using the terms "Swap, Rollover, or IRD (Interest Rate Differencial)" on this website to understand it more.
ES- I understand it's not good to promote any link here. In fact I don't recommend that link I posted. The only reason I posted that link was Fifo asked for any good MT4 broker and that is near impossible to find (If it is possible). Personally I don't think that any good broker would offer MT4 as a trading platform but that one I named is the only one I haven't heard bad things about... Yet.
One other thing Fifo. If you are trading in the retail sector (not using a Prime Broker) then you need to be VERY careful in whom you deal with. A good sign of a bad broker is one that charges 2-3 times the premium that they pay out on daily rollover (9 out of 10 "retail brokers" rip the trader off on IRD so be careful). If you can trade via curennex using a prime broker that would be the best option but if not just pick wisely.
Good luck everyone!
)Quote from rjb1024:
Thanks for the feedback ES.
I will put the tools into a zip file and upload it soon.
The red and blue dots on the chart are generated by a indicator which plots S+R levels. I use them to calc risk/reward and to approximate my stop levels.
Cheers.
Quote from walterjennings:
Hey. ES is it possible for you to get hosting on elitetrader's webserver? hxxp://www.elitetrader.com/~electric/goldenarches.html. so you can put a nice summarized version of the method to save people reading through the whole thread. maybe a work in progress page of terms and definitions. That way you can update it and clean it up without anyone whining about post editing. Still have the thread for the discussion / improvement. That way you wont feel like you need to close it in the future.
It would be really nice for newbies to have a nice complete method definition & links to code downloads all on one page to save them hunting for the most recent version.
maybe even some pictures of good entry / exit signals for us who are visual thinkers.
"Electric Savant's Site of Wonderful Public Domain Methods (ESSWPDM)"
. rjb..a guy like you could actually combine it with some ideas that you may have and that I might contribute to make YOUR OWN INDICATOR, NAMED THE RJB OSCILLATOR. (did you see fifo's work with the Vigin Arch indicator?)..by the way when you complete your work, I can help you write your book 
Quote from fifo:
Here is a simpler example. The period was shortened to see more activity but just for kicks.
See how the CR has notched up (barely visible to the naked eye) and thus a virgin bend in progress. Now see the VirginIndicator...
nuff said.