The Really Useless Thread | Page 5514 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #110,261
  • Sep 9, 2012 6:02pm Sep 9, 2012 6:02pm
Quoting Geppy
I don't want to update the bid/ask.

See this calc again: http://www.forexcalc.com/forex_risk_calculator/

If I wanna trade Eur/Usd, I have to also input the current bid/ask. If I trade a cross, like GBP/JPY, I have to input the bid/ask of that pair AND USD/JPY as the value/pip changes based on the current prices which inherently affects your R/R.

In a perfect world, the indi would work this way:

I'd go to set a pending order in MT4 and as I'm entering the parameters, it would tell me, based on my desired entry, SL, TP and...
Geppy,

OldQuant is right, it is not only a simple indie, but an API interface..
the closest I did came across is http://www.fxdialogue.com/. they use to sell the product, but now they are whitelabel brokers trying to sell the product trough brokerage commission and spread.. means you need an account and actualy trade with them..

the product is a full excel-MT4 interaction in both ways, including history, trade executions...

the other one is on MQL site, written by some guy from Russia. it works, but need a modification.. and the text and comments are on russian..

Link -> http://codebase.mql4.com/3672

P
  • #110,262
  • Sep 9, 2012 6:08pm Sep 9, 2012 6:08pm
Quoting Geppy
I don't want to update the bid/ask.

See this calc again: http://www.forexcalc.com/forex_risk_calculator/

If I wanna trade Eur/Usd, I have to also input the current bid/ask. If I trade a cross, like GBP/JPY, I have to input the bid/ask of that pair AND USD/JPY as the value/pip changes based on the current prices which inherently affects your R/R.

In a perfect world, the indi would work this way:

I'd go to set a pending order in MT4 and as I'm entering the parameters, it would tell me, based on my desired entry, SL, TP and...
MT4 seems terrible with regards to outside analysis.. I started using SierraChart.. very powerful software.. full excel integration..
  • #110,263
  • Sep 9, 2012 6:14pm Sep 9, 2012 6:14pm
Quoting cohiba pips
got a copy of bo on flea bay...
  • #110,264
  • Sep 9, 2012 6:49pm Sep 9, 2012 6:49pm
Quoting OldQuant
I don't know MT4, but I assume that there is some API function call (or that the quasi C language they use permits a Windows kernal API call) that can affect Windows Messaging.

If that's the case, then you can communicate live prices to another running App via Windows messaging. That's the mechanism we use to communicate prices received on a server application to the client app on the same machine which does the processing of those live prices.

The second, "client" app could be Excel running VBA code, or another stand alone app written...
Makes sense, Quant. Although I can hang relatively well with the jargon, I can't handle any of the tech stuff myself. But yeah, I'd assume you could do something like this with the basic skill set.
check out my blog: forexmademillionaire dot com
  • #110,265
  • Sep 9, 2012 6:50pm Sep 9, 2012 6:50pm
Quoting Piters
Geppy,

OldQuant is right, it is not only a simple indie, but an API interface..
the closest I did came across is http://www.fxdialogue.com/. they use to sell the product, but now they are whitelabel brokers trying to sell the product trough brokerage commission and spread.. means you need an account and actualy trade with them..

the product is a full excel-MT4 interaction in both ways, including history, trade executions...

the other one is on MQL site, written by some guy from Russia. it works, but need a modification.. and...
Thanks, Piters. I'll check out the links.
check out my blog: forexmademillionaire dot com
  • #110,266
  • Sep 9, 2012 7:17pm Sep 9, 2012 7:17pm
60 minutes is cool tonight. member of seal team 6 that shot bin laden is on
  • #110,267
  • Sep 9, 2012 7:37pm Sep 9, 2012 7:37pm
Quoting Geppy
Thanks, Piters. I'll check out the links.
Picking up on the "MQL" reference, and searching the documentation, it would not be all that hard to do.

"Bid" and "Ask" are predefined variables, and the user's components of an order are variables too, it seems;

the system knows the time (I assume to the millisecond, but if it doesn't, see below);

the language has a complete set of file IO functions (although folder choices are restricted);

dynamic linking to (active-X?) or (Win32?) DLL-compiled functions is possible.

Together, that means (actually just the first and last points together mean) that anything is possible without serious architectural issues.

All you would need is someone to write an "expert" which does nothing but write out the relevant order information on some "event" like a button click. That could be done natively, or done by passing the data to an external dll-based subroutine every time there is a price arrival event. The time stamp, if needed and if the native language is not in ms, can be done in the dll function.

The external app (say, Excel) is an event driven, object oriented language, so it can spend its day checking a data file for changes. When there is a change, it raises that event, the handler gets the data, runs the calculation and displays the result on it's IO (Excel workbook).

Piece of cake, and shouldn't be too expensive at all to get done. Couple of hours tops for someone who knows the language and framework. Wouldn't even need an API, because using Windows messaging is overkill; this is not a real time requirement; it's on demand.
  • #110,268
  • Sep 9, 2012 8:11pm Sep 9, 2012 8:11pm
my beer mat is seriously kicking butt
  • #110,269
  • Sep 9, 2012 8:13pm Sep 9, 2012 8:13pm
Quoting OldQuant
Picking up on the "MQL" reference, and searching the documentation, it would not be all that hard to do.

"Bid" and "Ask" are predefined variables, and the user's components of an order are variables too, it seems;

the system knows the time (I assume to the millisecond, but if it doesn't, see below);

the language has a complete set of file IO functions (although folder choices are restricted);

dynamic linking to (active-X?) or (Win32?) DLL-compiled functions is possible.

Together, that means (actually just the first and last...
Thanks again for this, Quant. I'll have to mull this over.
check out my blog: forexmademillionaire dot com
  • #110,270
  • Sep 9, 2012 8:21pm Sep 9, 2012 8:21pm
Quoting gatorinla
have a good one.. 2793 is a bear 1
gone
at 2782/84 .. 2852/53 is a target using the high as a mid. the tl at 2852/53.. more useless info
those who can, do. those who cant, talk about those who can
  • #110,271
  • Sep 9, 2012 8:22pm Sep 9, 2012 8:22pm
Have a dirty, rotten, lousy cold!

Just wanted to say...

Silver!

Play safe...catch you soon.
  • #110,272
  • Sep 9, 2012 8:32pm Sep 9, 2012 8:32pm
Quoting kenfen69
Have a dirty, rotten, lousy cold!

Just wanted to say...

Silver!

Play safe...catch you soon.
wear a condom
those who can, do. those who cant, talk about those who can
  • #110,273
  • Sep 9, 2012 8:34pm Sep 9, 2012 8:34pm
Quoting gatorinla
wear a condom
Thnx...will remember that!

Probably a stronger brand than Silver was using, yeah?

I'm out...feckin eyes hurt looking at the screens.
  • #110,274
  • Sep 9, 2012 8:36pm Sep 9, 2012 8:36pm
Quoting kenfen69
Thnx...will remember that!

Probably a stronger brand than Silver was using, yeah?

I'm out...feckin eyes hurt looking at the screens.
PES? you can get a disability for that. does your risk hurt?
those who can, do. those who cant, talk about those who can
  • #110,275
  • Sep 9, 2012 8:43pm Sep 9, 2012 8:43pm
Quoting gatorinla
PES? you can get a disability for that. does your risk hurt?
No...but my wrist does!



Thought a few laughs would be good medicine...just hurts to laugh, though.

Gone.
  • #110,276
  • Sep 9, 2012 8:45pm Sep 9, 2012 8:45pm
Quoting kenfen69
No...but my wrist does!



Thought a few laughs would be good medicine...just hurts to laugh, though.

Gone.
that a symptom, for PES.. porneyestrainislsm
those who can, do. those who cant, talk about those who can
  • #110,277
  • Sep 9, 2012 8:49pm Sep 9, 2012 8:49pm
Quoting gatorinla
that a symptom, for PES.. porneyestrainislsm


Thanks doc! I better sleep it off.
  • #110,278
  • Sep 9, 2012 8:53pm Sep 9, 2012 8:53pm
Quoting kenfen69
Have a dirty, rotten, lousy cold!

Just wanted to say...

Silver!

Play safe...catch you soon.
don't die... your my only friend left..
  • #110,279
  • Sep 9, 2012 9:04pm Sep 9, 2012 9:04pm
Quoting fxjawn
don't die... your my only friend left..
dude all you need is a can of tuna and some cats.
those who can, do. those who cant, talk about those who can
  • #110,280
  • Sep 9, 2012 9:05pm Sep 9, 2012 9:05pm
Quoting kenfen69


Thanks doc! I better sleep it off.
not on the belly
those who can, do. those who cant, talk about those who can
114 traders viewing now