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  • #241
  • Dec 28, 2008 5:36am Dec 28, 2008 5:36am
Quoting asian_sg_guy
haha...this guy is definitely hired by the brokers. he seems to love gft alot. i think he is paid to do this.
All I have read from you is rubbish.

You have endless verbal dribble about how bad brokers are and how they're all crooks.

Get an account with an ECN and bugger off.

as for attacking people on how they trade well that just shows the master you are. ALL HAIL THE KING of DOUCHE

I read u have 2 years under your belt, have you had any type of consistency yet? I guess you're another 1 month wonder that knows it all.

I will give you some advice boy wonder, at two years you think you know it all and fail to realize you know nothing. You have no idea and u can't at your amount of experience as it holds it from you. I am 3 and a bit years and I am getting to the light but god is there so much more I have to improve.

You have barley scratched the surface I don't care if you doubled your account in a week after losing half any one can do it. Making 10-100% on your account month after month for years shows you have made it.

More free advice stop broker surfing looking for the magic one that will make all your dreams come true and concentrate on learning to trade!

Plus drop the tone and you wont have replies like this coming at u!


Good trading Douche Bag
  • #242
  • Dec 30, 2008 2:35pm Dec 30, 2008 2:35pm
Well spoken Apacolypto...

People that dont understand MM's should not speak about them. All I hear are a bunch of people upset that they lost, and trying to find someone else to blame. Market makers fill on an aggregate level, and it would be a HUGE un needed risk to try to "move" the market for your petty little trade or even a bunch of trades...

Oh ya and 42, right on....

First post of many here, nice lookin site, good info in the traders sections....WHICH IS WHERE THE CONSPIRACY THEORISTS SHOULD BE FOCUSING THERE TIME AND ENERGY!!!
  • #243
  • Jan 14, 2009 11:25am Jan 14, 2009 11:25am
Quoting clif
Froman,

I'm new to this forum (lurker) and new to CTL. Starting to get my feet wet so I can't help but I see GFT just launched a forum for CTL . I think it might be helpful to you. Here is the link:

http://www.gftforex.com/software/dea...hartstudio.asp

Good luck with your programming!

Clif
do you know where GFT users hangout?
  • #244
  • Jan 14, 2009 4:26pm Jan 14, 2009 4:26pm
www.gftforex.com/forum

I think......
  • #245
  • Apr 1, 2009 4:22am Apr 1, 2009 4:22am
Hi All,

I am not familiar with DealBook, I need to combine (or mix) both Bollinger Band, RSI and MA in one indicator window. I think some friends here should have aware of this interesting indicator combination. It is a very good indication tools for forex trading. To perform this combination in MT4 is very easy, just a bit of setting and drag the indciators into the same window.

Anyone have any idea how to create this indicator on DealBook?



Thanks for any advise!

yyc196
  • #246
  • Apr 2, 2009 3:22pm Apr 2, 2009 3:22pm
Quoting yyc196
Hi All,

I am not familiar with DealBook, I need to combine (or mix) both Bollinger Band, RSI and MA in one indicator window. I think some friends here should have aware of this interesting indicator combination. It is a very good indication tools for forex trading. To perform this combination in MT4 is very easy, just a bit of setting and drag the indciators into the same window.

Anyone have any idea how to create this indicator on DealBook?



Thanks for any advise!

yyc196
While you will be able to place the 3 indicators on the same subgraph or in the same scale as price, you have to remember that the RSI scaling is fixed between 0-100, so it will not look right.
  • #247
  • Apr 3, 2009 3:11am Apr 3, 2009 3:11am
Quoting rck66
While you will be able to place the 3 indicators on the same subgraph or in the same scale as price, you have to remember that the RSI scaling is fixed between 0-100, so it will not look right.
If I am n ot wrong, the RSI is based on the price bar on the chart, MA is the moving average of RSI and bollinger band ois based on RSI as well so they will definitely coincide well when they are mixed together. Imagine that you use bollinger band and MA on the bar chart, it lokks about the same.

This technique has been quite popular used, there is one thread dicussing it. I will shows you how the chart looks like when i return home from office later. It is very interesting!

yyc196
  • #248
  • Apr 5, 2009 10:54am Apr 5, 2009 10:54am
hi guys

I have been able to do exactly what you have asked for.
Subgraph RSI with Bollinger Bands and Moving average basedon RSI values not price. If I'm not mistaken, you are looking at the Fozzy method?

The graph actually requires two custom indicators applied in a specific way (you need to turn off the lines for on of the indicators) I'm sure given time I will be able to fix this issue,but for now, I'm happy to have been able to mash together something that looks like it may be the real deal.

Let me know what you think. I'm more than willing to post the code (as it's not mine (well at least not the original sources) and I've learnt alot of things from these free forums so it is time to pass it forward).

See the attached image.
Attached Image (click to enlarge)
Click to Enlarge Name: My fozzy chart.jpg Size: 365 KB
  • #249
  • Apr 5, 2009 8:09pm Apr 5, 2009 8:09pm
Yoyo Mrk,

Thanks for the reply, that is the one " Fozzy Method"! This system has discussed in the forum long time ago and still discussing. This shows the responsibility of the system which one should not under estimate it.

I am currently evaluating the DealBook and see if it can incorporate this method, it would be nice if you can post the code in the forum.

Thanks.

yyc196


Quoting MrK
hi guys

I have been able to do exactly what you have asked for.
Subgraph RSI with Bollinger Bands and Moving average basedon RSI values not price....
  • #250
  • Apr 6, 2009 3:23am Apr 6, 2009 3:23am
Ok here goes, I have attached the two files needed to reproduce the fozzy method in dealbook.
The first file : RSI_with_SMA.ctl
This as the name suggests contains the information required to draw a Simple Moving Average using the values from the RSI. All you need to is open the file using Chart Studio, verify it and then install the module. It will now show up in Dealbook 360 as RSI_with_Simple_Moving_Average.

The second file : RSI_with_BollingerBands.ctl
This file contains the information needed to draw the Bollinger Bands using the RSI values. Open the file using chart studio, verify then install the module.

It will now show up in Dealbook as RSI_with_Bollinger_Bands.

***Note you will initally see extra lines that are not required (the are for the calculations, but don't need to be displayed)

Now to add the indicators to Dealbook

  1. select the pair of choice and time frame (I think the time frame of choice is daily for the fozzy method)

  1. Select Setup Indicator

  1. Click Add, then select RSI_with_SMA and ensure "Add on new subgraph" is selected

now to add the other indicator

  1. highlight Subgraph1

  1. Click Add, then select RSI_with_Bollinger_Bands, ensure "Add on new subgraph" is not selected.

now we need make some changes to some of the settings and also to hide some extra lines that will appear if you close the chart indicator window.

  1. Highlight RIS_with_Simple_Moving_Average select the "Inputs" tab

    1. Price: Close
    2. Period: 8
    3. Hi baseline: 70 (or your choice)
    4. Lo baseline: 30 (or your choice)
    5. Displacement: 0 (not sure what changing this will do)
    6. Pace: 1 (not sure what changing this will do)

  2. With RIS_with_Simple_Moving_Average still selected, select the "Style" tab

    1. Lines:

      1. RSI: Visible (your colour of choice)
      2. SMA: Visible (your colour of choice)
      3. HI Base: Visible (your colour of choice)
      4. LO Base: Visible (your colour of choice)

  3. Click apply
  4. Highlight RSI_with_Bollinger_Bands and select the "Inputs" tab

    1. Price:Close
    2. Period: 20
    3. Hi baseline: 70 (make it the same as the previous indicator)
    4. Lo baseline: 30 (make it the same as the previous indicator)
    5. Deviations: 2 (not sure what changing this will do)
    6. Displacement: 0 (not sure what changing this will do)

  5. With RSI_with_Bollinger_Bands still selected, select the "Style" tab

    1. Lines:

      1. RSI: deselect visible and Draw as histogram
      2. HI Base: deselect visible and Draw as histogram
      3. LO Base: deselect visible and Draw as histogram
      4. Mid BB: select visible, deselect Draw as histogram (your personal choice of Style, Color, Width)
      5. Upper BB: select visible, deselect Draw as histogram (your personal choice of Style, Color, Width)
      6. Lower BB: select visible, deselect Draw as histogram (your personal choice of Style, Color, Width)

Click "Apply" then OK. You should now see the indicators.

Some reasoning for how I have had to set it up this way (if your interested).
Since I am still only learning how to code in chart studio, I don't know if you can have different time periods for one indicator so in order to work around requiring the Bollinger Bands to have a period set to 20, I had to basically duplicate the RSI information in a new file. If you don't hide the RSI line in the RSI with BB file you will see two very different RSI lines (could be usefull but at this stage it looks like spagetti to me).

Anyway, hope this helps. I'll also mention it on the GFT Forum.

Attached File(s)
File Type: zip CTL_files.zip   1 KB | 316 downloads
  • #251
  • Apr 6, 2009 5:15am Apr 6, 2009 5:15am
Quoting dwrights
my last three months experience with them has made me lose all trust in them.
Can i hear you out on above? In the mean time let me share my research:

I was almost going to open account with them until i know they take 3 days to settle your position, using the conversion rate 3 days after. What it means it's a gamble and hopefully your gain (say 100pips) is higher than the fluctuation of their conversion rate after 3 days (range can be 300 pips)! Absolutely no control over your trading risk management, no a great broker I reckon. Too risky to go with GFT, casino seems is a better choice to gamble money.

It seems its getting harder to find a good broker these days, if anyone has a good recommendation, feel free to PM me.
  • #252
  • Apr 6, 2009 6:15am Apr 6, 2009 6:15am
but you need to know how this biz works... see nfa claim on how forex deal maker works...
http://www.nfa.futures.org/complianc...ert_020107.asp

the best case if a unstable platform issue happen, we have rights to fix at the problem price... so long as you have evidence... doing that means it's a responsible broker.

I think at least you can prove profitability on m-m before moving to ecn.

Quoting belief
Can i hear you out on above? In the mean time let me share my research:

I was almost going to open account with them until i know they take 3 days to settle your position, using the conversion rate 3 days after. What it means it's a gamble and hopefully your gain (say 100pips) is higher than the fluctuation of their conversion rate after 3 days (range can be 300 pips)! Absolutely no control over your trading risk management, no a great broker I reckon. Too risky to go with GFT, casino seems is a better choice to gamble money.

It seems its getting...
  • #253
  • Apr 6, 2009 11:44pm Apr 6, 2009 11:44pm
As a veteran forex trader. I feel compelled to say to the new traders that GFT is one of the worst dealing desks I have ever experienced. There are good desks out there. Make no mistake, however - your interest as a client is not theirs. Look elsewhere.
  • #254
  • Apr 7, 2009 4:47am Apr 7, 2009 4:47am
Quoting Alexandra
As a veteran forex trader. I feel compelled to say to the new traders that GFT is one of the worst dealing desks I have ever experienced. There are good desks out there. Make no mistake, however - your interest as a client is not theirs. Look elsewhere.
Thanks for the confirmation, now i will take GFT off my good broker list and shifted my attention to better ECN brokers like MBT.

MM is never a broker, they always trade against traders, period.
  • #255
  • Apr 7, 2009 4:54am Apr 7, 2009 4:54am
Quoting billye
I think at least you can prove profitability on m-m before moving to ecn.
Like I need to prove I can peddle a bicycle before I get my driving license?

Why would anyone need to settle with second grade 'broker' even to start with?
  • #256
  • Apr 7, 2009 7:46am Apr 7, 2009 7:46am
Hi All,

I wish to share my experience here too. I first started off with GFT, and then switch to PFG. The reason why i switch is because the Woodies Website highly recommended this broker, but it ended up a disaster for me. Conversely, I did not find those problems encounter by some of you. The trade with GFT was fine in term of trade execution but when it comes to withdrawal of monies it took me one month to do so. I don't understand why maybe it was because I am situated in Singapore. But that will not be a good execuse correct?

I have an account with MBT currently, but for those who are interested in ECN broker must also take note that they have their disadvantages also. Though they have very tight spread sometimes, they may also have super wide spread depending on market condition. The spread is not caused by them but by the banks MBT dealing with.

However, my warning to you is that MBT quote may move super fast at time, you need to get use to it. Your response have to be very fast.

Good trading to all!



Quoting belief
Thanks for the confirmation, now i will take GFT off my good broker list and shifted my attention to better ECN brokers like MBT.

MM is never a broker, they always trade against traders, period.
  • #257
  • Apr 7, 2009 9:17am Apr 7, 2009 9:17am
Quoting yyc196
The trade with GFT was fine in term of trade execution but when it comes to withdrawal of monies it took me one month to do so. I don't understand why maybe it was because I am situated in Singapore. But that will not be a good execuse correct?
I am glad i didn't open the account cause the Singapore office sales claimed the withdrawal takes just few days. It's your money, they have no reason to hold you for one month, you could have charged them interest and it's a violation of verbal contract. Thanks for confirming GFT is best avoided.

Quote
I have an account with MBT currently, but for those who are interested in ECN broker must also take note that they have their disadvantages also. Though they have very tight spread sometimes, they may also have super wide spread depending on market condition. The spread is not caused by them but by the banks MBT dealing with.

Just watch the calendar and close your position prior to big news, that would do. If you have traded futures it works the same on their platform, so far my demo with them is working out fine however more observation is required.
  • #258
  • Apr 7, 2009 6:01pm Apr 7, 2009 6:01pm
Hi Mrk:
The following code is for an indicator I use on Tradestation for my futures trading. I Also apply it to forex but have to go from T/S to the GFT Platform. Is there any way this code can be transfered to Chart Studio.
It is a stochastic momentum index.
Thanks


Input:Length1(8),Length2(21),Length3(2),AlertLevel(45),
UpColor(black), DwnColor(black), NumDevsUp( 1),Displace( 0) , NumDevsDn( -1), Zero_Color_Up(Blue),
Zero_Color_Dn(Red);

variables:
Avg( 0 ),
SDev( 0 ),
LowerBand( 0 ),
Zero_Color(yellow),
UpperBand( 0 ) ;

Value1 = SMI(length1,length2,length3);
plot1( Value1, "SMI" );
plot2( AlertLevel, "Sell line" );
plot3(-AlertLevel, "Buy line" );


Avg = waverage( value1, Length1 ) ;
SDev = StandardDev( value1, Length1, Length2 ) ;
UpperBand = Avg + NumDevsUp * SDev ;
LowerBand = Avg + NumDevsDn * SDev ;

If ( Value1 < 0 ) then Zero_Color = Zero_Color_Dn else if
( Value1 > 0 ) then Zero_Color = Zero_Color_Up;


if plot1 crosses above -AlertLevel then
alert("SMI crosses above buy line");

if plot1 crosses below AlertLevel then
alert("SMI crosses below sell line");

if Displace >= 0 or CurrentBar > AbsValue( Displace ) then
begin
Plot4[Displace]( UpperBand, "UpperBand" ) ;
Plot5[Displace]( LowerBand, "LowerBand" ) ;
Plot6(0, "Zero_Line", Zero_Color);

If value1>value1[1] then begin
plot1(value1,"SMI",upcolor);
end else begin
plot1(value1,"SMI",dwncolor);
end;

end
  • #259
  • Apr 9, 2009 10:19pm Apr 9, 2009 10:19pm
Just an update but I decided to close my account with GFT and got my money within 3 days but maybe that was becasue my account was $700.00 loss from the opening amount I deposited. However they would not refund the money to my Debit Visa Card (The card I used to Fund my account) as requested even though the fund withdrawal form said you could. I gave up and wanted out so they transferred the money to my bank account but was not happy because I don't want my bank account details floating around waiting for someone to steal them. Just as well I use 1 account for internet transactions and it has a very low balance until I need to use it.

I have now opened a new account with FXCM who have now opened an office in Sydney and what a change. Every time you call them they are helpfull and if they can't do what you want them to they automatically say they will pass the request onto their development team. Even if nothing happens it at least makes you feel like they are listinening which was my major complaint with GFT.

Also the way GFT rollover your profit/loss 3 days after closing the trade is just criminal.

I'm still learning FXCM but from what I've had to do with them so far they are 110% on GFT.
  • #260
  • Apr 10, 2009 8:18am Apr 10, 2009 8:18am
Quoting Alexandra
As a veteran forex trader. I feel compelled to say to the new traders that GFT is one of the worst dealing desks I have ever experienced. There are good desks out there. Make no mistake, however - your interest as a client is not theirs. Look elsewhere.
Hi I with GFT FOREX. They talk me in with Walwood ltd and lost 3,000.00 out of 10,000.00. in 2 weeks time. I dont like the rollover part.
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