We will be looking at methods, strategies, eas....
what works and what doesn't
what works and what doesn't
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
I'm afraid the back testing I have done for inverse as well forward that we discussed in "Lucky Spike" thread has to be disregarded. I forgot, FXDD has recently changed the spread policy. It used be fixed 2 pips no matter when, so testing after markets closed was no problem. But they have changed that (without telling anyone) so that in slow times the spread goes to 4 pips. Most of the time it is 2 pips, but sometimes it goes to 3 pips or 4 pips or even 5 pips for EURUSD, so I guess it is semi fixed spread. I talked on the chat with them and they admitted they did this without announcing it to anyone. Just wake up one morning to find your ea has fallen on its face. What kind of way is that to do business? Pretty shoddy.....
How about an announcement and a starting date for the new policy?
I would like to find a real forex broker. I guess I will keep looking.
In the meantime I'm stuck with fxdd and their surprises. But the backtests have to be disregarded because they used the spread from the close of market which had widened to 4 pips.
Will wait till the market opens and try to run test then.
How about an announcement and a starting date for the new policy?
I would like to find a real forex broker. I guess I will keep looking.
In the meantime I'm stuck with fxdd and their surprises. But the backtests have to be disregarded because they used the spread from the close of market which had widened to 4 pips.
Will wait till the market opens and try to run test then.
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
depending on what you signed-up for it might be well within their reasonable scope to do whatever they want with the spread, but i wouldn't know so just throwing that out there... plus, it's not their fault an ea doesn't do the necessary checks.
an old rule of thumb is that if a program isn't doing what it should be doing it's never the computer, never the user, and is 100% always the fault of the programming....
When I opened the account 2 years ago the advertising was fixed spread.
But then again there can always be some fine print somewhere.
It just makes sense, common courtesy, that after years of 2 pips fixed if there is going to be a change made there would at least be an announcement. JMHO
Actually I didn't have a live account with an ea set up at the time, but if I had been set up it would have been a problem for sure.
Yes, the wonderful world of ea's. A world all unto itself...
Sitting in debtor's prison, we dream of the magic ea. that will liberate us and solve all our problems. Until we start to experiment with these modern marvels and find they have myriads of problems themselves.
And then there is always the unexpected problem of success. What to do with it. We laugh, Oh, I will know exactly what to do with success. But studies have shown that large percentage of winners of lotteries are very soon penniless again. Would a prisoner of many years actually know how to live free?
Lots going on in the wild world of forex...
- | Membership Revoked | Joined Sep 2010 | 2,072 Posts
. Would a prisoner of many years actually know how to live free?
Lots going on in the wild world of forex...
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
yeah it would have been nice to have had a heads-up that the spread situation was going to change. i'm just of the opinion that most places and people are not specifically trying to screw other people over and mistakes get made no matter what, so it's really up to the individual to be on their toes. if you do that then i figure you will be better-off when you do get shafted and also when mistakes happen.
it's better to account for what could happen than bet that it won't.
Mistakes.... incompetence plays a big part in that.
Just plain dull brain...
If I have to call customer service, bank, c/c, retail store whatever!!
I call three different times with the same question in order to get 3 different telephone reps, if 2 of the answers agree then I probably have the right info.
If a company has good management then a lot of the static can be tuned out...
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
Okay, Jan 4 and markets are back in the swing...
I'm going to just take the signals from the cbbp ea in inverse today.
2 hours after London open cbbp looks for a trade and 1 hour after NY open. If they are both good that's +30 pips... Both bad -64 pips. success rate for inverse trades is around 80%. We're at 7 in a row wins to date.. +105 pips..
It can go 29 in a row wins. So let's see. Of course trading in inverse means a loss is a win....
I'm going to just take the signals from the cbbp ea in inverse today.
2 hours after London open cbbp looks for a trade and 1 hour after NY open. If they are both good that's +30 pips... Both bad -64 pips. success rate for inverse trades is around 80%. We're at 7 in a row wins to date.. +105 pips..
It can go 29 in a row wins. So let's see. Of course trading in inverse means a loss is a win....
