gj1h
just a guess
just a guess
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Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
Dislikedspreads .. 20 right now and typically 4-5
let me know what you think of the spread betting company you use in the UK.
I am in Canada but am looking to open and account for my Dad who lives in LondonIgnored
DislikedSince May 2, 2008.
If I move my stop to BE, I have effectivly freed up risk on my account. Usually by Wednesday, I will have 6-8 trades open, with all but 2 or 3 of them having there stops at BE or better. I never leave trades open over the weekend, so by Friday I have closed all trades.Ignored
Dislikedseems that way with rsi heading up ... but price action says different
looking for sell opps on a 5 min right nowIgnored
DislikedIf I was cynical I'd say that the US chose the weekend for Lehman to go pop...I mean it isn't as if everyone hasn't been focussed on them and ML all year. Has anyone else noticed that these things tend to happen on weekends when someone else's markets are shut on Monday?Ignored
DislikedNada. Just been a long few months of travel with my company.
Good news, After putting in my first amount of real money ($500) into IBFX in May, I have more then trippled it. Not bad I am thinking.
To those of you who do not know how I trade. I did this by risking no more then 2% per trade and not more then 5% of my account at risk at any given time. Money Management For The Win.....Ignored
Dislikedsell is not good now, the pressure is up, there's volumes there pushing the price upIgnored
DislikedI tend to use IG Index. Have tried others a while ago...but all of the platforms have moved on, so I cannot guarantee that my opinion of them would be fair now.
On GBP/JPY the spread is 13 pips which is wider than usual. Same with USD/JPY which is at about 6 pips when it is usually 3. (Guaranteed stop spreads will be wider than this.) The spreads seem to be much more stable than what some people seem to be exposed to.
I've never had trouble executing currency or major index orders. As I normally trade over longer time periods, I tend to pay the premium for guaranteed stops. My belief is that this has paid off.
The platform seems to be stable...there was a period in January this year where they had a few down times...but that has not happened since then.
The real test of the platform though is when things are busy, and on the few occasions I have been sniping fast moving markets they have generally been very good. However, there was one day early this year (I forget the precise date) when everyone thought the world was going to end and I had a few lag issues that caused me to miss an exit...got it in the end, but didn't make as much as I should have. The market was moving VERY VERY fast that day and it probably was the first real test of their platform on a very very busy day.
They informed me that they added more hardware after that experience.
Price feeds seem pretty good...though at the busiest points on a couple of the really busy days this year the graph feeds have lagged a few seconds behind the raw prices (I assume their servers are getting seriously hammered) which seem to be up to date enough to trade on even during really fast moving markets e.g. I was trading on weekly oil damped oscillation around the inventory announcements a few months back (a pattern that lasted for quite some time...I traded 3 weeks in a row, then backed off...it continued for some time afterwards, but slowly damped out.) This was on a very short time scale and I only once missed the entry/exit I wanted.
I currently work for a small company building trading/exchange platforms, so I have a feel for the sorts of problems that such a platform is likely to run into, and I have been impressed with theirs...and any niggles have been understandable/minor.
So, in summary, for currencies and major indices and anything with lots of global liquidity they are quite good. (In fact they were boasting that you could trade 40 of the FTSE 100 shares through their platform when the LSE was down last week...)
For shares in small companies...they aren't as good in my opinion and I only hold very small positions as reasonable sizes sometimes ends up being handled by one of their dealers and I have had trades rejected when I know from other sources there was plenty of liquidity in the market at the price quoted. I suppose they want to limit their risk when they unwind a stopped out order.
Hope that helps.Ignored
DislikedDow futures are -280 points right now. The market doesn't think things are going to work out well.Ignored