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GFT Dealbook 360

  • #1
  • First Post: Jun 30, 2009 3:42pm Jun 30, 2009 3:42pm
Hi Gang..

I am using Dealbook 360. form GFT at the moment and although its a great platform I am finding it quite restrictive at points and a distinct lack of custom Indicators.
I have a list of questions if any one can help or point me in the right Direction.
Because this is a request I will keep it short and post more details depending on Interest..

cheer for help.
Ian
  • #2
  • Jun 30, 2009 4:06pm Jun 30, 2009 4:06pm
Get a free MT4 download from alpari,broco etcetc and use all the mt4 indis and help here. Assuming your live account is with gft then just trade with them but not use their charts.I found dealbook very complicated with attached orders not cancelled on closure of a trade. 10 minutes after closing a trade the stop order would be hit and i'm back in a trade. This may have been sorted now but I was gone when that happened.
Andy
  • #3
  • Jun 30, 2009 4:25pm Jun 30, 2009 4:25pm
Yeah, that happened to me also. Now I make sure every orders are closed down in the Working Orders menu after a trade because they don't get off automatically. You can find indicators or ask for them on the Chart Studio forum and there are a few on this site. I know GFT sells the Foresight A.I. indicator. I never used it, but it looked useful when I followed their webinar on harmonic trading. Right now, I trade live with Dealbook, but I demo and practice on MT4 because of the much more developped users community and the 1001 tools and indicators that go with it. But GFT has a great product IMO.

Chamane
  • #4
  • Jun 30, 2009 6:07pm Jun 30, 2009 6:07pm
Quote
Get a free MT4 download from alpari,broco etcetc and use all the mt4 indis and help here. Assuming your live account is with gft then just trade with them but not use their charts.I found dealbook very complicated with attached orders not cancelled on closure of a trade. 10 minutes after closing a trade the stop order would be hit and i'm back in a trade. This may have been sorted now but I was gone when that happened.

this wouldnt happen if you used an oco order. parent/child orders dont' close just because the "parent order" has closed or cancelled. so if you have a protective stop in place and you are long, then your stop would be short but heres the problem.

you decide to close your long, and later on your short gets triggered, it was supposed to be a stop but it is now a stand alone order.

the best way to avoid this is an oco
  • #5
  • Jul 1, 2009 4:21am Jul 1, 2009 4:21am
Thanks to everyone who has replied to my thread. Great start I might get somewhere...
Firstly I have used Mt for a couple of years and although its a very user friendly chart package I wanted an all in house broker, GFT was recommended to me by and experienced trader.
I like the Dealbook platform and its helped me get back to basics and leave all my Indicators alone.
yet there are still a few little tools that would make my charts loads better.

 

  1. A time shift indicator that i used on the MT it allowed me to make my 60min or 240min to shift the data bars back two hours so they started at 10pm sunday and not midnight.
  2. an ATR indicator that is text only on the corner of the charts it showed how much of the days ATR left or exceed.
  3. a fib extension tool
  4. save custom tools like custom fib tool

that would get me started and also introduce me to fellow traders that use the platform to keep updated with any changes.

cheers again guys..
Ian.

  • #6
  • Jul 1, 2009 7:22am Jul 1, 2009 7:22am
Another interesting feature with Dealbook is the possibility to use custom tick charts with an appropriate account. I've come across a trading strategy (settings, rules) using tick charts that I wanted to test, but I did not find a platform yet that would allow me to do that. MT4 doesn't have custom tick charts, I think, and my GFT account for Dealbook is not permissioned for it.

Chamane

http://i40.tinypic.com/142xahl.gif
  • #7
  • Oct 7, 2009 7:22pm Oct 7, 2009 7:22pm
Does anyone else find Dealbook confusing while trying to track your trades? I mean they have the "cash" amount (amount you can withdraw)... Which is different from "Equity" (even though you have no open trades)... which is different still from "available equity". And then during trading you have "UPL (unrealized P/L) which includes trades that have yet to "settle" from yesterday and 2 trading days ago and "Floating P/L" which is currently open trades. And all these show different amounts.

I feel like I have absolutely NO clue where I stand with my money and just have to "trust" that all is OK. And then if I want to see "how I did today"... the transaction history shows all kinds of garbage, including "today P/L" in bold on one line at the bottom and then right below is "today P/L" in bigger bold letters which is different then the one above. And NONE of them add up to my actual "today" trades $ totals.

How do you guys keep tabs on them?
  • #8
  • Oct 7, 2009 10:16pm Oct 7, 2009 10:16pm
Quoting pipimo88
Does anyone else find Dealbook confusing while trying to track your trades? I mean they have the "cash" amount (amount you can withdraw)... Which is different from "Equity" (even though you have no open trades)... which is different still from "available equity". And then during trading you have "UPL (unrealized P/L) which includes trades that have yet to "settle" from yesterday and 2 trading days ago and "Floating P/L" which is currently open trades. And all these show different amounts.

I feel like I have absolutely NO clue...
I would suggest to ask your broker directly. Mine is GFT and every time I had something unclear I used their online technical support and got the answers I was looking for.

Chamane
  • #9
  • Oct 7, 2009 10:30pm Oct 7, 2009 10:30pm
Actually, I wasn't aware that this platform is used by brokers other than GFT.

I did chat with them, numerous times and everything was explained... But the question remains... How do you keep track of proper accounting.

For example, the trade today, won't be credited to account for 2 business days. So, do you keep track of all the trades separately, then go back thru the statements and verify?

On top of that... (i.e.) a usd_jpy trade profit would be credited in yen (not usd), then converted to usd and credited 2 days later. Which conversion rate is used and how do you verify this? When you have FX brokers basically put it in writing that they don't necessarily have your best interest in mind, it would be foolish of me to just take them on their word.

How do you keep track of them and the accounting?
  • #10
  • Oct 15, 2009 10:49am Oct 15, 2009 10:49am
Anybody find Dealbook 360 takes a long time to load? And the charts seem to hang if I go off after a while, which means I have to start it up again.

And yes, I do find their reports really confusing. I guess things are stacked in their favour with exchange rates etc. I've only started trading with them so anybody with more experience might want to give their views.
  • #11
  • Oct 15, 2009 5:19pm Oct 15, 2009 5:19pm
Quoting swampthing
Anybody find Dealbook 360 takes a long time to load? And the charts seem to hang if I go off after a while, which means I have to start it up again.

And yes, I do find their reports really confusing. I guess things are stacked in their favour with exchange rates etc. I've only started trading with them so anybody with more experience might want to give their views.
Dealbook 360 loads pretty fast for me and I have the latest installed version. Make sure you are using the most current version.
  • #12
  • Jul 5, 2012 7:41pm Jul 5, 2012 7:41pm
..they blocked my demo account with a form saying "contact support."

I uninstalled it immediately. I don't have time for games.

My real interest is the Ninja platform. Haven't been able to figure it out.

I want to familiarize myself with all known proprietary platforms since I'll be teaching forex trading to others in the near future.

Which is/are the best desktop and web-based platform you all have tried?
  • #13
  • Last Post: Jul 10, 2012 9:34pm Jul 10, 2012 9:34pm
I use Oanda to show FX to new traders. It's simple non invasive and allows them to trade from 1cent on up. Also the demo does not expire.

As for a second FXCM has them best cross the board platform's Android, Windows,Apple, Plain Linux. Web and install versions.
"Look Left Think Right"
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