PMs For the timebeing I've disabled my PMs. I simply can't keep on top of the requests for modifications and new projects. I wish I could but I can't right nowIt can sometimes be weeks between checking my PMs so rather than having people think I've ignored them it is better to disable PMs altogether. My apologies for any inconvenience this may cause. Expiry dates I've had some questions about the expiry of MADdash (and csDash). There is an expiry date hard-coded into each release. Don't worry, this isn't because of some nefarious plan to start...
I am quite impressed by your MAdash and CSdash dashboards. Easy to understand and absolutely no need to learn how to do technical analysis.
I am majorly a currency options trader. I am trading in directionless currency future options. The major advantage with using fx options is that one doesn't have to enter stop-loss positions and is left with a lot of room for making money in spite of being wrong several times. It is comparatively quite less stress-free trading.
In directionless trading, one has to wait for three months for the profits to materialise in the last week of the three months. It is not a lottery and options selling is to be treated as a home-based business which will need less than an hour a day to monitor the trades and do risk management or adjustments on an ongoing basis. It is not a set-and-wait kind of trading banking on the platform to do the work.
But making anywhere between 15% to 25% on a 4 month time is common because one is mostly selling options and profiting from premium decay. Annually minimum of 45% on the deposit placed with a broker is not uncommon. However, the strategy requires a minimum trading capital of US$25,000. Deep discount broker like Interactive Brokers (low commissions and reliable trading software) have to be used for Globex CME currency futures options platform ( tight spreads and safety of money). Retail FX options platform like Saxo Bank will eat away your equity in this kind of directionless trading because of wider spreads.
After trying your MAdash and CSdash for directional options trading setups with encouraging results, I want to develop a short-term system of fx options for breakout, news events, price action and day trading by focussing on currency strength, MA, RSI, Bollinger Bands, Support and Resistance (based on ADR or ATR or pee-determined past breakouts).
Technical charts or indicators will not be used and the focus will be on the Excel dashboards, money management and use of simple concepts which even a high school dropout can understand very quickly without reading even a book. The emphasis will be on trading within a day of having understood the concepts.
MT4 platform does not provide a platform for currency futures options trading. So have to use APIs of currency futures options brokers and Excel DDE link spreadsheets to develop the dashboards.
If you let me have your personal email address (since you are not accepting PMs) I will be pleased to send you the concept details. If you like it, we can start a new thread on FF and modify your existing indicators for options trading.
Cheers
Simnz
Practice makes a person perfect
A currency pair therefore moves because either (a) one of the 2 currencies is weak and the other strong or (b) one of the 2 currencies is very, very weak or very, very strong. This is the basic concept taught by Mark M of Forex Early Warning. Therefore to benefit from price movement, we want to match and trade a strong currency against a weak one as trading 2 strong...
