Tick Size, Tick Rate, Tick Spread, and Tick Logger

Recommendations on tick size or intraday Forex data resources

Hi, does anyone have any recommendations on tick size data resources for foreign exchange please? It would be the best it collects as much currency pairs as possible, especially the dollar asia pairs. So far what I had found was Bloomberg, Reuters and 1Forge. Things about BBG and Reuters are like their data resources are quite unreliable and crude. 1Forge has no historical data. I have found a few other which has only G10 currency pairs. May I know from where you obtain these data for backtesting please?
submitted by xz379 to quant [link] [comments]

Releasing a Decade of Forex Tick Data I Crawled and Converted

Releasing a Decade of Forex Tick Data I Crawled and Converted

Intro:

In my exploration of the world of big data and I became curious about tick data. Unfortunately, market data is almost always behind a paywall or de-sampled to the point of uselessness. After discovering the Dukascopy API, I knew I wanted to make this data available for all in a more accessible format. Over the course of a few months, I downloaded, cleaned, parsed, and compressed over a decade of Forex tick data on 37 currency pairs and commodities. Today I am happy to finally release the final result of my work to the DataHoarder community!

Download Links:

Warning: I have rented a seedbox for the next 3 months from seedbox.io but I have been having some issues. If you have any issues with the torrent please leave a comment. Also, PLEASE SEED when you are done. This is quite a large data set and I can only push so much data on my own.
Torrent File: https://drive.google.com/file/d/18ymZWeFLJK7FggK_iiWZ-TxgWIVdJVvv/view?usp=sharingCompanion Blog Post: https://www.driftinginrecursion.com/post/dukascopy_opensource_data/

Stats Overview:

Totals Quantities
Total Files 463
Total Line Count 8,495,770,706
Total Data Points 33,983,082,824
Total Decompressed Size 501 GB
Total Compressed Size 61 GB

About the Data:

The data was collected from https://www.dukascopy.com/ via a public API that allows for the download of tick data on the hour level. These files come in the form of a .bi5 file. The data starts as early as 2004 all the way to 2019.
These files were decompressed, then merged into yearly CSV’s named in the following convention. “AUDCHF_tick_UTC+0_00_2011.csv” or ‘Pair_Resolution_Timezone_Year.csv’
These CSV’s are split into 3 categories “Majors”, “Crosses”, “Commodities”.
Majors, Crosses, and Commodities have had their timestamps modified so that they are in the official UTC ISO standard. This was originally done for a Postgresql database that quickly became obsolesced. Any files that have been modified are appended with a “-Parse”. These timestamps have been modified in the following format.
Millisecond timestamps to UTC +00:00 time [2017.01.01 22:37:08.014] -- [2017-01-01T22:37:08.014+00:00]
https://preview.redd.it/x6g277skfiu51.png?width=1399&format=png&auto=webp&s=35cd6735c1826424580919ac3377612377a3107c

User Resources:

For those looking to use this data in a live context or update it frequently, I have included a number of tools for both Windows and Linux that will be useful.

Windows

The ~/dukascopy/resources/windows folder contains a third party tool written in java that can download and convert Dukascopy’s .bi5 files. I have also included the latest zstd binaries from Zstandard Github page.

Linux

Linux is my daily driver in 99% of cases, so I have developed all my scraping tools using Linux only tools. In the ~/dukascopy/resources/linux folder you will find a number of shell script and pyhton3 files that I used to collect this data. There are quite a few files in this directory but I will cover the core ones below.

download-day.py:

This file is used to download a single symbol for a single day and then convert and merge all 24 .bi5 files into a single CSV.

download-year.py

This file is used to download a single symbol for a full year and then convert and merge all .bi5 files into a single CSV.

dukascopy.py

This file contains all the core logic for downloading and converting data from dukascopy.

utc-timestamp-convert.py

This tad slow but works well enough. It requires the pandas project and parses timestamps into the UTC ISO standard. This is useful for those looking to maintain the format of new files with the those in this repo, or those looking to use this in a SQL database.
submitted by jtimperio to DataHoarder [link] [comments]

Summarizing some free trading idea resources I've been using

I've been following many free resources on youtube and twitter to generate trading ideas. Some of them are suspicious; some are more like boasting their wining trades but never post any losing trades. I see many people ask about trading ideas/resources, so I want to briefly share some resources I find useful.

Twitter resources:
  1. @ TicTocTick


  1. @ tradingwarz


  1. @ traderstewie


Youtube resources:
  1. Conquer trading and investing. https://www.youtube.com/channel/UCN2WmKUchJpIcS1MupY-BuA


  1. Blaze Capital: https://www.youtube.com/channel/UCq0BCGckWWjrnV8YdYO24JA
Other notes:
  1. The scalping trades in the morning is not very suitable for small accounts since they will trade for example 100 shares of BA (~160) to scalp a few dollars per share.
  2. Even though the stocks on their weekly watchlist does well very, one still need to come up with an actionable plan. Very often say they recommend stock A on Sunday, and on Monday it already gaps up big. They sometimes do YOLO options -- big risk big rewards-- options can go to 0.
  3. Besides the free content, everyone can get a free one-week trial for their paid membership, or a 2-week free trial by winning a lottery game on their youtube ( what I did) or knowing someone in their group and get a referral. What I like about the group: (i) very frequently updates each day on SPY and stocks on the watchlist. (ii) all their positions, Profit / Loss are very transparent. I learned a lot about how to manage trades by observing their live trades. (iii) There are many very experienced traders in the group posting their trading ideas, plans, entry/exit, and there are many live discussions. (iv) There's a "helpdesk" in the group where members' questions will be answered in minutes. I often ask about my trading plan, entries/ targets.




Other resources:
  1. Shadow trader free newsletter
https://www.shadowtrader.net/newsletter-category/swing-trade


I've spent much time looking for free contents, and I like the ones above. Also looking forward to hearing about other good/bad resources. I might also update this post if there are enough interests. NFA
submitted by Busy-Valuable to Daytrading [link] [comments]

Forex trader looking to start trading Crytpo as well (help with brokers and lot sizes?)

Hey there -- I'm no stranger to trading. I trade Forex and Futures. I'm also not a complete newb to cryptocurrency in general, but I am when it comes to actively trading it.
To me, it just seems like Forex but with crypto and I'd really like to start building up my crypto holdings by "trading up" my account rather than solely just converting cash into crypto over time.
What is confusing me a little bit is lot sizing, leverage, and the right brokers to use.
I was eyeing CryptoAltum if anybody has experience with that?
Although I'd prefer something I can trade with Tradingview (my preferred charting / execution platform).
Aslo -- lot sizing.
With Forex it's pretty simple...
1,000 = micro-lot (approx. 10 cents per pip value on majors)
10,000 = mini-lot (approx $1 per pip value on majors)
100,000 = standard lot (approx $10 per pip value on majors).
But how is lot sizing determined with Crypto pairs?
I'm interested in trading crypto-against-crypto (for example LTC/BTC).
Is there an online calculator somewhere where I can easily determine the value per pip (or "tick"?) based on leverage and lot size?
Sorry if this has been answered a bazillion times.
submitted by AHoomanBeanz to CryptoCurrency [link] [comments]

My Scalping diary!

I scalp the pairs that have the largest ranges. I look for setups based on trend, momentum, mean reversion, fading extremes.
I will be posting my daily results online. I currently use cTrader for execution. I will also post a few of the trades I take in real time. These are all high probability trades with targets of 10-30 ticks!
I have been trading for a long time now (5 years now). Just here to show you guys what I can do and also to keep this a daily log of my progress!
For the guys who aren't that experienced in the markets:
"A tick size is the minimum price movement of a trading instrument. The price movements of different trading instruments vary, with their tick sizes representing the minimum amount they can move up or down on an exchange. In U.S. markets, the tick size increment is expressed in terms of dollars."
https://www.investopedia.com/terms/t/tick-size.asp

I have a scalping spreadsheet showing, the profits/losses of all trades so far! This is based on a deposit of £200 equivalent to $240. The spreadsheet below is for beginners:
https://drive.google.com/file/d/1qDyORbi4J-GMhC2TRvMnqDcxtXkbrZpO/view?usp=sharing
Expert traders are much more conservative and will post that spreadsheet as well in the future.

Please dm or post below if you have questions regarding my logic behind any trades!
I like to help people as long as you aren't being condescending, because I do get things wrong regarding the market or ideas sometimes. But will do my best.
All trades are closed exactly 2mins before any major news events
submitted by Prodigalson94 to Forex [link] [comments]

Most "docile" future

What is the most "docile" futures security and the same for forex? By doctor, I mean, good movement but not a lot of false breakouts or extremely wicky candles.
/Es has been extremely wicky as of late and looking for alternatives. Ideally, the security would be tradeable with enough volume for 1 or 2 minute candles.
submitted by nighthawk5300 to FuturesTrading [link] [comments]

Triton Capital Markets — How to Trade with MetaTrader 5

Triton Capital Markets offers the incredible MT5 to its dealers, permitting them to exchange various resources, for example, on forex, fates, and, with adaptable just as no re-cites, no value dismissals and zero slippages.
A center advantage of the MetaTrader 5 stage is that you can exchange from anyplace and whenever from the solace of your cell phone and tablet. This empowers a broker to exchange their advantages of decision from any internet browser and any gadget. Moreover, the MT5 stage offers, exchanging signals and, and all the accessible devices and highlights can be utilized from a solitary incredible.
Here is the thing that to do to encounter the full intensity of the Triton capital Markets MetaTrader 5:
1. Training
As referenced above, MetaTrader 5 is stuffed with various highlights and exchanging assets, which are intended to upgrade your exchanging exercises. It is critical to find out pretty much all the highlights and their pertinence to guarantee that you are well prepared to exploit the full intensity of the stage.
From the accessible 7 resource class types, various exchanging devices, pointers, and graphical items, to 6 distinctive request types, numerous robotized systems, and market profundity, you may have the option to completely misuse the crude intensity of the MT5 stage if you set aside some effort to teach yourself on all the accessible functionalities of this natural stage.
Triton Capital Markets additionally has various instructive materials explicitly on the MT5 exchanging stage that are open for nothing in our ‘ area. Make certain to exploit the educational and amicable eBooks and recordings that disclose in detail how to exchange money related resources online proficiently.
2. Installation
Here are the base framework prerequisites for utilizing Triton Capital Markets MT5 on your PC:
Windows 7 Operating System or higher (64-piece framework suggested)
Pentium 4/Athlon 64 processors or higher (All cutting edge CPUs ought to have the option to help this)
If you mean to be a substantial client (For example, opening different outlines and using numerous EAs), you could think about increasingly incredible equipment choices
Follow the means underneath to download and introduce Triton Capital Markets MT5 on your PC:
3. Add Your Request
If you have just signed into your Triton Capital Markets MT5, it is presently an ideal opportunity to estimate the costs of your preferred resource.
There are a few different ways to put in a request on MT5:
Snap-on Tools on the Menu bar. At that point select ‘New Order’
On the Market Watch window, double-tap on the benefit you wish to exchange (you can likewise right-tap on your ideal resource and afterward select ‘New request’)
Open the Trading tab on the lower terminal and select ‘New Order’
Press F9 for a single tick exchanging on the outline of your preferred resource
At the point when any of the above alternatives is applied, the ‘Request Screen’ will spring up. The screen will have a tick graph on its left side and customizable request subtleties on the right. The tick outline shows the offer and asks costs, and along these lines, the constant spreads (the contrast between the offer and ask costs).
The request subtleties on the privilege are:
Image — This is the benefit you wish to exchange.
Request Type — You can pick between Market Execution and Pending Execution request types.
Volume — This is the amount (in part measures) that you wish to exchange, of the chose hidden resource. On a standard record, 1 part size is what could be compared to 100,000 units, which commonly implies that will be around 10 US dollars (USD) on most resources.
Stop Loss and Take Profit — You will have the option to join stop misfortune and take benefit orders on the entirety of your exchanges. Stop misfortune orders when the advantage value moves against you, while take benefit orders permit you to book benefits when the benefit value moves in support of yourself.
Remark — You can include any notes concerning any exchange of the remark segment. This is perfect for merchants that report their exchanging exercises.
Exchange Any Time and From Anywhere
The Triton Capital Markets MT5 stage likewise has a web form that is open on both portable and work area programs. There is likewise a downloadable versatile MT5 App that is good with both Android and iOS cell phones. This gives the accommodation and adaptability to exchange from anyplace. Besides, you can likewise sign in over the various stages utilizing single login certifications.
MetaTrader 5 — The Benefits of Trading with Triton Capital Markets
Triton Capital Markets is an honor winning and which furnishes brokers with all the devices, administrations, and highlights required to satisfy one’s full exchanging potential.
Guideline — Triton Capital Markets is a managed dealer, giving merchants genuine feelings of serenity that they are joining forces with an agent that works inside the rules as set out by perceived, global administrative bodies.
Natural Trading Platforms — Triton Capital Markets gives its dealers access to a wide decision of top-quality and incredible exchanging stages including the exceptionally famous MT4 and MT5 exchanging stages.
A Choice of Trading Instruments — Traders at Triton Capital Markets can get to a decision of exchanging instruments including digital forms of money, stocks, products, records, forex sets, and securities.
Wellbeing and Security — Safety and Security — At Triton Capital Markets, every one of the customers’ assets are held in an isolated record. Besides, each record has negative equalization insurance to guarantee that a dealer’s record never goes under zero.
Secure Payment Options — For installments, Triton Capital Markets gives access to a wide assortment of, which incorporates charge cards, wire move.
Complete Educational Resources — Triton Capital Markets gives its brokers access to a wide decision of instructive materials including recordings, eBooks, online courses, articles just as access to Sharp Trader, our special exchanging foundation.
Proficient and Responsive Customer Support — You can contact the multilingual Triton Capital Markets client assistance just as access to a committed record director.
submitted by tritoncapitalmarkets to u/tritoncapitalmarkets [link] [comments]

Cases Displaying the Recent Climate of Chinese Economy

This is just a plain list that records the notable cases about China's recent economic woes.
China is rumoured to delay indefinitely its US-China phase one trade deal (fact sheet PDF) implementation that includes the increase of China's purchasing American products & services by at least $200 billion over the next two years, which is almost twice the size of what China purchased before the trade war began.
Okay.
And according to Tianyancha (天眼查), Chinese commercial database that compiles public records; more than 460,000 companies in China closed permanently in Q1 2020, with more than half of them having operated for under three years. [LINK]
Of course, this is mainly caused by the COVID-19 pandemic.
However, what's interesting to me is the following part: "more than half of them having operated for under three years." What happened three years ago?
Once you figure out how big the trade war has played in China's recent economic woes (the article samples listed below may help),
the real question is whose investment or money in China was getting destroyed especially for the last three years.
Other than the article samples listed below, two other data elements that would need to be assessed are: 1) financial loss from the US' blocking Huawei mobile OS & 5G and 2) financial loss from BRI projects.
With CCP, who has been working with Huawei as a team for a long time? [1] [2] [3]
........................................
Tale of How Shanghai clique and Prominent Globalists Got Together.
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Sep 09, 2015 -- Fortune Reports: The real ticking time bomb in China’s economy [LINK]
"[China's] Local governments have borrowed this money with the blessing of China’s central government. In fact, China’s much-lauded $570 billion stimulus package in 2008, which dwarfed the American response to its crisis relative to each country’s respective GDP was funded mostly by local government debt. That program helped power China’s economic growth since 2008, but the dividends are now drying up. As Chinese growth slows, the central government is worried about the local governments’ abilities to finance the debt.
China could continue to kick the can down the road by bailing out its insolvent local governments. But this would run counter to President Xi Jinping’s efforts to curb the power of local officials and shift China’s growth model from investment led to consumption led. Last week, Beijing placed a $16 trillion yuan cap on Chinese government debt, up $600 million yuan from a cap it set last year. And this is after the government has been swapping debt with local governments, buying up real estate-financed local debt in place of government debt officially backed by the Chinese government."
Aug 24, 2016 -- SCMP: Wanted posters for fugitive debtors and runaway bosses symptoms of China’s economic woes [LINK]
"In the first seven months of this year, there were 38 instances of default by 18 bond issuers on the mainland, six of them SOEs. The defaults involved 24.8 billion yuan, more than double the total for the past two years combined. And while only a third of issuers in default this year were SOEs, they accounted for about two-thirds of the amount in default."
Jul 12, 2017 -- The Nikkei Reports: China government auditor flags dodgy books at key state companies [LINK]
"China's National Audit Office) delved into financial statements from 20 of the 101 state enterprises directly controlled by the central government, focusing on filings from the year 2015. The records are notoriously difficult for outsiders to access, as many of the companies are core unlisted units of major state-backed business groups.
Improprieties were unearthed at 18 of the 20, including 200.1 billion yuan ($29.4 billion) in revenue inflation over the last several years and roughly 20.3 billion yuan in improperly booked profit. Culprits included China National Petroleum, one of the country's largest oil producers; China National Chemical, or ChemChina, which recently acquired Switzerland's Syngenta, the world's top maker of agrochemicals; and China Baowu Steel Group."
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2018
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Jul 16: China’s $42-Trillion Debt Bubble Looms Larger than Trade War [LINK]
Oct 10: Financial woes build for HNA Group, forcing sale of subsidiaries and property [LINK]
........................................
2019
........................................
Jan 25: Sinopec Says It Lost $688 Million on ‘Misjudged’ Oil Prices [LINK]
Jun 11: China’s debt disease might wreck its uncrashable housing market [LINK]
Jul 18: More than 50 companies reportedly pull production out of China due to trade war [LINK]
Jul 19: China Minsheng Investment says it cannot repay the principal and interest on US$500 million of bonds as its debt woe deteriorates [LINK]
Sep 06: China Injects $126 Billion Into Its Slowing Economy [LINK]
Oct 06: China's foreign exchange reserves fallen to mere $3.1 trillion USD [LINK]
Nov 06: China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy [LINK]
Nov 25: China Faces Biggest State Firm Offshore Debt Failure in 20 Years [LINK]
Nov 28: Chinese navy set to build fourth aircraft carrier, but plans for a more advanced ship are put on hold [LINK]
Dec 02: Tech Firm Peking University Founder Welches on USD 284 Million SCP, Has USD 43 Billion Debt [LINK]
Dec 02: Sinopec Group Slims Down Amid Push to Reinvigorate State Firms [LINK]
Dec 13: Fact Sheet: Agreement Between The United States Of America And The People’s Republic Of China Text [PDF LINK]
Dec 19: Money has been leaving China at a record rate. Beijing is battling to stem the tide [LINK]
Money was leaving the country at a record clip earlier this year through unauthorized channels, according to analysts. That's bad news for China, which needs to keep financial reserves high to maintain confidence in its markets.
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2020
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Feb 03: Coronavirus May Delay Hard-Fought U.S. Trade Wins in China [LINK]
Feb 16: China's Evergrande to offer 25% discount for all properties on sale in Feb, March [LINK]
Apr 02: Luckin Coffee stock tanks 80% after discovery that COO fabricated about $310 million in sales [LINK]
Apr 08: Chinese e-learning king TAL Education admits inflated sales [LINK]
Chinese law prohibits Chinese companies from submitting to normal U.S. auditing standards, and four Senators have already introduced a bill requiring them to do so. Should Trump be reelected ... either Beijing will relent on auditing standards or Chinese firms may start to face U.S. delisting threat.
Jul 14: Chinese $2.8bn memory chip project goes bust [LINK]
A Chinese company that launched a $2.8 billion government-backed semiconductor project four years ago is going bankrupt after it failed to attract investors, even as China tries to become self-sufficient in computer chips.
Jul 16: TSMC plans to halt chip supplies to Huawei in 2 months [LINK]
Jul 16: The $52 Trillion Bubble: China Grapples With Epic Property Boom [LINK]
Aug 26: U.S. Penalizes 24 Chinese Companies Over Role in South China Sea [LINK]
Aug 31: China’s Economy Shrinks, Ending a Nearly Half-Century of Growth [LINK]
Sep 09: Hongxin Semiconductor, promised China's first 7 nm chips, has gone bust [LINK]
A government-backed semiconductor manufacturing project based in the central Chinese city of Wuhan has gone belly-up, with key operator HSMC mired in debt. The local government said the project amounts to nearly RMB 128 billion (around $18.7 billion) in investment.
Sep 22: Huawei chairman urges U.S. to reconsider 'attack' on global supply chain [LINK]
Oct 13: EU imposes 48% tariffs on aluminium products from China [LINK]
Oct 18: China's economic growth drops to the lowest level since 1992 [LINK]
Oct 27: China’s Failing Small Banks Are Becoming a Big Problem [LINK]
The reality is that Beijing doesn’t have the wherewithal to guarantee the future of hundreds of smaller, provincial financial institutions that together sit on 73.4 trillion ($11 trillion USD) of yuan of total liabilities.

------------------------
☞ Go Back to the Short Story.
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submitted by vanillabluesea to conspiracy [link] [comments]

Volume explanation

Can anybody offer an explanation?
I was watching EURUSD and noticed a huge volume change and zoomed in to the 1M chart and noticed 110,000,000 shares exchanged hands at 13:38 ET. That is 1,100 standard lots at once at a seemingly very illiquid time.
My questions: 1. How is there enough liquidity for this not to affect the price? Are the shares going directly from one big bank to another? 2. How would you interpret this? Is it so far out of reach of the retail trader's scope that we are forced to ignore it?
The volume for the minutes prior to and following this ranged from about 20,000 to 200,000 for comparison.
EDIT: added photo that didn't post https://imgur.com/KgxEtk9
submitted by guswhitten to Forex [link] [comments]

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.
TL;DR - I will try and flip an account from $50 or less to $1,000 over 2019. I will post all my account details so my strategy can be seen/copied. I will do this using only three or four trading setups. All of which are simple enough to learn. I will start trading on 10th January.
----
As I see it there are two mains ways to understand how to make money in the markets. The first is to know what the biggest winners in the markets are doing and duplicating what they do. This is hard. Most of the biggest players will not publicly tell people what they are doing. You need to be able to kinda slide in with them and see if you can pick up some info. Not suitable for most people, takes a lot of networking and even then you have to be able to make the correct inferences.
Another way is to know the most common trades of losing traders and then be on the other side of their common mistakes. This is usually far easier, usually everyone knows the mind of a losing trader. I learned about what losing traders do every day by being one of them for many years. I noticed I had an some sort of affinity for buying at the very top of moves and selling at the very bottom. This sucked, however, is was obvious there was winning trades on the other side of what I was doing and the adjustments to be a good trader were small (albeit, tricky).
Thus began the study for entries and maximum risk:reward. See, there have been times I have bought aiming for a 10 pip scalps and hit 100 pips stops loss. Hell, there have been times I was going for 5 pips and hit 100 stop out. This can seem discouraging, but it does mean there must be 1:10 risk:reward pay-off on the other side of these mistakes, and they were mistakes.
If you repeatedly enter and exit at the wrong times, you are making mistakes and probably the same ones over and over again. The market is tricking you! There are specific ways in which price moves that compel people to make these mistakes (I won’t go into this in this post, because it takes too long and this is going to be a long post anyway, but a lot of this is FOMO).
Making mistakes is okay. In fact, as I see it, making mistakes is an essential part of becoming an expert. Making a mistake enough times to understand intrinsically why it is a mistake and then make the required adjustments. Understanding at a deep level why you trade the way you do and why others make the mistakes they do, is an important part of becoming an expert in your chosen area of focus.
I could talk more on these concepts, but to keep the length of the post down, I will crack on to actual examples of trades I look for. Here are my three main criteria. I am looking for tops/bottoms of moves (edge entries). I am looking for 1:3 RR or more potential pay-offs. My strategy assumes that retail trades will lose most of the time. This seems a fair enough assumption. Without meaning to sound too crass about it, smart money will beat dumb money most of the time if the game is base on money. They just will.
So to summarize, I am looking for the points newbies get trapped in bad positions entering into moves too late. From these areas, I am looking for high RR entries.
Setup Examples.
I call this one the “Lightning Bolt correction”, but it is most commonly referred to as a “two leg correction”. I call it a “Lightning Bolt correction” because it looks a bit like one, and it zaps you. If you get it wrong.

https://preview.redd.it/t4whwijse2721.png?width=1326&format=png&auto=webp&s=c9050529c6e2472a3ff9f8e7137bd4a3ee5554cc
Once I see price making the first sell-off move and then begin to rally towards the highs again, I am waiting for a washout spike low. The common trades mistakes I am trading against here is them being too eager to buy into the trend too early and for the to get stopped out/reverse position when it looks like it is making another bearish breakout. Right at that point they panic … literally one candle under there is where I want to be getting in. I want to be buying their stop loss, essentially. “Oh, you don’t want that ...okay, I will have that!”
I need a precise entry. I want to use tiny stops (for big RR) so I need to be cute with entries. For this, I need entry rules. Not just arbitrarily buying the spike out. There are a few moving parts to this that are outside the scope of this post but one of my mains ways is using a fibs extension and looking for reversals just after the 1.61% level. How to draw the fibs is something else that is outside the scope of this but for one simple rule, they can be drawn on the failed new high leg.

https://preview.redd.it/2cd682kve2721.png?width=536&format=png&auto=webp&s=f4d081c9faff49d0976f9ffab260aaed2b570309
I am looking for a few specific things for a prime setup. Firstly, I am looking for the false hope candles, the ones that look like they will reverse the market and let those buying too early get out break-even or even at profit. In this case, you can see the hammer and engulfing candle off the 127 level, then it spikes low in that “stop-hunt” sort of style.
Secondly I want to see it trading just past my entry level (161 ext). This rule has come from nothing other than sheer volume. The amount of times I’ve been stopped out by 1 pip by that little sly final low has gave birth to this rule. I am looking for the market to trade under support in a manner that looks like a new strong breakout. When I see this, I am looking to get in with tiny stops, right under the lows. I will also be using smaller charts at this time and looking for reversal clusters of candles. Things like dojis, inverted hammers etc. These are great for sticking stops under.
Important note, when the lightning bolt correction fails to be a good entry, I expect to see another two legs down. I may look to sell into this area sometimes, and also be looking for buying on another couple legs down. It is important to note, though, when this does not work out, I expect there to be continued momentum that is enough to stop out and reasonable stop level for my entry. Which is why I want to cut quick. If a 10 pips stop will hit, usually a 30 pips stop will too. Bin it and look for the next opportunity at better RR.

https://preview.redd.it/mhkgy35ze2721.png?width=1155&format=png&auto=webp&s=a18278b85b10278603e5c9c80eb98df3e6878232
Another setup I am watching for is harmonic patterns, and I am using these as a multi-purpose indicator. When I see potentially harmonic patterns forming, I am using their completion level as take profits, I do not want to try and run though reversal patterns I can see forming hours ahead of time. I also use them for entering (similar rules of looking for specific entry criteria for small stops). Finally, I use them as a continuation pattern. If the harmonic pattern runs past the area it may have reversed from, there is a high probability that the market will continue to trend and very basic trend following strategies work well. I learned this from being too stubborn sticking with what I thought were harmonic reversals only to be ran over by a trend (seriously, everything I know I know from how it used to make me lose).

https://preview.redd.it/1ytz2431f2721.png?width=1322&format=png&auto=webp&s=983a7f2a91f9195004ad8a2aa2bb9d4d6f128937
A method of spotting these sorts of M/W harmonics is they tend to form after a second spike out leg never formed. When this happens, it gives me a really good idea of where my profit targets should be and where my next big breakout level is. It is worth noting, larger harmonics using have small harmonics inside them (on lower time-frames) and this can be used for dialling in optimum entries. I also use harmonics far more extensively in ranging markets. Where they tend to have higher win rates.
Next setup is the good old fashioned double bottoms/double top/one tick trap sort of setup. This comes in when the market is highly over extended. It has a small sell-off and rallies back to the highs before having a much larger sell-off. This is a more risky trade in that it sells into what looks like trending momentum and can be stopped out more. However, it also pays a high RR when it works, allowing for it to be ran at reduced risk and still be highly profitable when it comes through.

https://preview.redd.it/1bx83776f2721.png?width=587&format=png&auto=webp&s=2c76c3085598ae70f4142d26c46c8d6e9b1c2881
From these sorts of moves, I am always looking for a follow up buy if it forms a lightning bolt sort of setup.
All of these setups always offer 1:3 or better RR. If they do not, you are doing it wrong (and it will be your stop placement that is wrong). This is not to say the target is always 1:3+, sometimes it is best to lock in profits with training stops. It just means that every time you enter, you can potentially have a trade that runs for many times more than you risked. 1:10 RR can be hit in these sorts of setups sometimes. Paying you 20% for 2% risked.
I want to really stress here that what I am doing is trading against small traders mistakes. I am not trying to “beat the market maker”. I am not trying to reverse engineer J.P Morgan’s black boxes. I do not think I am smart enough to gain a worthwhile edge over these traders. They have more money, they have more data, they have better softwares … they are stronger. Me trying to “beat the market maker” is like me trying to beat up Mike Tyson. I might be able to kick him in the balls and feel smug for a few seconds. However, when he gets up, he is still Tyson and I am still me. I am still going to be pummeled.
I’ve seen some people that were fairly bright people going into training courses and coming out dumb as shit. Thinking they somehow are now going to dominate Goldman Sachs because they learned a chart pattern. Get a grip. For real, get a fucking grip. These buzz phrases are marketeering. Realististically, if you want to win in the markets, you need to have an edge over somebody.
I don’t have edges on the banks. If I could find one, they’d take it away from me. Edges work on inefficiencies in what others do that you can spot and they can not. I do not expect to out-think a banks analysis team. I know for damn sure I can out-think a version of me from 5 years ago … and I know there are enough of them in the markets. I look to trade against them. I just look to protect myself from the larger players so they can only hurt me in limited ways. Rather than letting them corner me and beat me to a pulp (in the form of me watching $1,000 drop off my equity because I moved a stop or something), I just let them kick me in the butt as I run away. It hurts a little, but I will be over it soon.
I believe using these principles, these three simple enough edge entry setups, selectiveness (remembering you are trading against the areas people make mistakes, wait for they areas) and measured aggression a person can make impressive compounded gains over a year. I will attempt to demonstrate this by taking an account of under $100 to over $1,000 in a year. I will use max 10% on risk on a position, the risk will scale down as the account size increases. In most cases, 5% risk per trade will be used, so I will be going for 10-20% or so profits. I will be looking only for prime opportunities, so few trades but hard hitting ones when I take them.
I will start trading around the 10th January. Set remind me if you want to follow along. I will also post my investor login details, so you can see the trades in my account in real time. Letting you see when I place my orders and how I manage running positions.
I also think these same principles can be tweaked in such a way it is possible to flip $50 or so into $1,000 in under a month. I’ve done $10 to $1,000 in three days before. This is far more complex in trade management, though. Making it hard to explain/understand and un-viable for many people to copy (it hedges, does not comply with FIFO, needs 1:500 leverage and also needs spreads under half a pip on EURUSD - not everyone can access all they things). I see all too often people act as if this can’t be done and everyone saying it is lying to sell you something. I do not sell signals. I do not sell training. I have no dog in this fight, I am just saying it can be done. There are people who do it. If you dismiss it as impossible; you will never be one of them.
If I try this 10 times with $50, I probably am more likely to make $1,000 ($500 profit) in a couple months than standard ideas would double $500 - I think I have better RR, even though I may go bust 5 or more times. I may also try to demonstrate this, but it is kinda just show-boating, quite honestly. When it works, it looks cool. When it does not, I can go bust in a single day (see example https://www.fxblue.com/users/redditmicroflip).
So I may or may not try and demonstrate this. All this is, is just taking good basic concepts and applying accelerated risk tactics to them and hitting a winning streak (of far less trades than you may think). Once you have good entries and RR optimization in place - there really is no reason why you can not scale these up to do what may people call impossible (without even trying it).
I know there are a lot of people who do not think these things are possible and tend to just troll whenever people talk about these things. There used to be a time when I’d try to explain why I thought the way I did … before I noticed they only cared about telling me why they were right and discussion was pointless. Therefore, when it comes to replies, I will reply to all comments that ask me a question regarding why I think this can be done, or why I done something that I done. If you are commenting just to tell me all the reasons you think I am wrong and you are right, I will probably not reply. I may well consider your points if they are good ones. I just do not entering into discussions with people who already know everything; it serves no purpose.

Edit: Addition.

I want to talk a bit more about using higher percentage of risk than usual. Firstly, let me say that there are good reasons for risk caps that people often cite as “musts”. There are reasons why 2% is considered optimum for a lot of strategies and there are reasons drawing down too much is a really bad thing.
Please do not be ignorant of this. Please do not assume I am, either. In previous work I done, I was selecting trading strategies that could be used for investment. When doing this, my only concern was drawdown metrics. These are essential for professional money management and they are also essential for personal long-term success in trading.
So please do not think I have not thought of these sorts of things Many of the reasons people say these things can’t work are basic 101 stuff anyone even remotely committed to learning about trading learns in their first 6 months. Trust me, I have thought about these concepts. I just never stopped thinking when I found out what public consensus was.
While these 101 rules make a lot of sense, it does not take away from the fact there are other betting strategies, and if you can know the approximate win rate and pay-off of trades, you can have other ways of deriving optimal bet sizes (risk per trade). Using Kelly Criterion, for example, if the pay-off is 1:3 and there is a 75% chance of winning, the optimal bet size is 62.5%. It would be a viable (high risk) strategy to have extremely filtered conditions that looked for just one perfect set up a month, makingover 150% if it was successful.
Let’s do some math on if you can pull that off three months in a row (using 150% gain, for easy math). Start $100. Month two starts $250. Month three $625. Month three ends $1,562. You have won three trades. Can you win three trades in a row under these conditions? I don’t know … but don’t assume no-one can.
This is extremely high risk, let’s scale it down to meet somewhere in the middle of the extremes. Let’s look at 10%. Same thing, 10% risk looking for ideal opportunities. Maybe trading once every week or so. 30% pay-off is you win. Let’s be realistic here, a lot of strategies can drawdown 10% using low risk without actually having had that good a chance to generate 30% gains in the trades it took to do so. It could be argued that trading seldomly but taking 5* the risk your “supposed” to take can be more risk efficient than many strategies people are using.
I am not saying that you should be doing these things with tens of thousands of dollars. I am not saying you should do these things as long term strategies. What I am saying is do not dismiss things out of hand just because they buck the “common knowns”. There are ways you can use more aggressive trading tactics to turn small sums of money into they $1,000s of dollars accounts that you exercise they stringent money management tactics on.
With all the above being said, you do have to actually understand to what extent you have an edge doing what you are doing. To do this, you should be using standard sorts of risks. Get the basics in place, just do not think you have to always be basic. Once you have good basics in place and actually make a bit of money, you can section off profits for higher risk versions of strategies. The basic concepts of money management are golden. For longevity and large funds; learned them and use them! Just don’t forget to think for yourself once you have done that.

Update -

Okay, I have thought this through a bit more and decided I don't want to post my live account investor login, because it has my full name and I do not know who any of you are. Instead, for copying/observing, I will give demo account login (since I can choose any name for a demo).
I will also copy onto a live account and have that tracked via Myfxbook.
I will do two versions. One will be FIFO compliant. It will trade only single trade positions. The other will not be FIFO compliant, it will open trades in batches. I will link up live account in a week or so. For now, if anyone wants to do BETA testing with the copy trader, you can do so with the following details (this is the non-FIFO compliant version).

Account tracking/copying details.

Low-Medium risk.
IC Markets MT4
Account number: 10307003
Investor PW: lGdMaRe6
Server: Demo:01
(Not FIFO compliant)

Valid and Invalid Complaints.
There are a few things that can pop up in copy trading. I am not a n00b when it comes to this, so I can somewhat forecast what these will be. I can kinda predict what sort of comments there may be. Some of these are valid points that if you raise I should (and will) reply to. Some are things outside of the scope of things I can influence, and as such, there is no point in me replying to. I will just cover them all here the one time.

Valid complains are if I do something dumb or dramatically outside of the strategy I have laid out here. won't do these, if I do, you can pitchfork ----E

Examples;

“Oi, idiot! You opened a trade randomly on a news spike. I got slipped 20 pips and it was a shit entry”.
Perfectly valid complaint.

“Why did you open a trade during swaps hours when the spread was 30 pips?”
Also valid.

“You left huge trades open running into the weekend and now I have serious gap paranoia!”
Definitely valid.

These are examples of me doing dumb stuff. If I do dumb stuff, it is fair enough people say things amounting to “Yo, that was dumb stuff”.

Invalid Complains;

“You bought EURUSD when it was clearly a sell!!!!”
Okay … you sell. No-one is asking you to copy my trades. I am not trading your strategy. Different positions make a market.

“You opened a position too big and I lost X%”.
No. Na uh. You copied a position too big. If you are using a trade copier, you can set maximum risk. If you neglect to do this, you are taking 100% risk. You have no valid compliant for losing. The act of copying and setting the risk settings is you selecting your risk. I am not responsible for your risk. I accept absolutely no liability for any losses.
*Suggested fix. Refer to risk control in copy trading software

“You lost X trades in a row at X% so I lost too much”.
Nope. You copied. See above. Anything relating to losing too much in trades (placed in liquid/standard market conditions) is entirely you. I can lose my money. Only you can set it up so you can lose yours. I do not have access to your account. Only mine.
*Suggested fix. Refer to risk control in copy trading software

“Price keeps trading close to the pending limit orders but not filling. Your account shows profits, but mine is not getting them”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
* Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Buy limit orders will need to move up a little. Sell limit orders should not need adjusted.

“I got stopped out right before the market turned, I have a loss but your account shows a profit”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Stop losses on sell orders will need to move up a bit. Stops on buy orders will be fine.

“Your trade got stopped out right before the market turned, if it was one more pip in the stop, it would have been a winner!!!”
Yeah. This happens. This is where the “risk” part of “risk:reward” comes in.

“Price traded close to take profit, yours filled but mines never”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
(Side note, this should not be an issue since when my trade closes, it should ping your account to close, too. You might get a couple less pips).
*** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Take profits on buys will need to move up a bit. Sell take profits will be fine.

“My brokers spread jumped to 20 during the New York session so the open trade made a bigger loss than it should”.
Your broker might just suck if this happens. This is brokerage. I have no control over this. My trades are placed to profit from my brokerage conditions. I do not know, so can not account for yours. Also, if accounting for random spread spikes like this was something I had to do, this strategy would not be a thing. It only works with fair brokerage conditions.
*Suggested fix. Do a bit of Googling and find out if you have a horrific broker. If so, fix that! A good search phrase is; “(Broker name) FPA reviews”.

“Price hit the stop loss but was going really fast and my stop got slipped X pips”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
If my trade also got slipped on the stop, I was slipped using ECN conditions with excellent execution; sometimes slips just happen. I am doing the most I can to prevent them, but it is a fact of liquidity that sometimes we get slipped (slippage can also work in our favor, paying us more than the take profit would have been).

“Orders you placed failed to execute on my account because they were too large”.
This is brokerage. I have no control over this. Margin requirements vary. I have 1:500 leverage available. I will not always be using it, but I can. If you can’t, this will make a difference.

“Your account is making profits trading things my broker does not have”
I have a full range of assets to trade with the broker I use. Included Forex, indices, commodities and cryptocurrencies. I may or may not use the extent of these options. I can not account for your brokerage conditions.

I think I have covered most of the common ones here. There are some general rules of thumb, though. Basically, if I do something that is dumb and would have a high probability of losing on any broker traded on, this is a valid complain.

Anything that pertains to risk taken in standard trading conditions is under your control.

Also, anything at all that pertains to brokerage variance there is nothing I can do, other than fully brief you on what to expect up-front. Since I am taking the time to do this, I won’t be a punchbag for anything that happens later pertaining to this.

I am not using an elitist broker. You don’t need $50,000 to open an account, it is only $200. It is accessible to most people - brokerage conditions akin to what I am using are absolutely available to anyone in the UK/Europe/Asia (North America, I am not so up on, so can’t say). With the broker I use, and with others. If you do not take the time to make sure you are trading with a good broker, there is nothing I can do about how that affects your trades.

I am using an A book broker, if you are using B book; it will almost certainly be worse results. You have bad costs. You are essentially buying from reseller and paying a mark-up. (A/B book AKA ECN/Market maker; learn about this here). My EURUSD spread will typically be 0.02 pips or so, if yours is 1 pip, this is a huge difference.
These are typical spreads I am working on.

https://preview.redd.it/yc2c4jfpab721.png?width=597&format=png&auto=webp&s=c377686b2485e13171318c9861f42faf325437e1


Check the full range of spreads on Forex, commodities, indices and crypto.

Please understand I want nothing from you if you benefit from this, but I am also due you nothing if you lose. My only term of offering this is that people do not moan at me if they lose money.

I have been fully upfront saying this is geared towards higher risk. I have provided information and tools for you to take control over this. If I do lose people’s money and I know that, I honestly will feel a bit sad about it. However, if you complain about it, all I will say is “I told you that might happen”, because, I am telling you that might happen.

Make clear headed assessments of how much money you can afford to risk, and use these when making your decisions. They are yours to make, and not my responsibility.

Update.

Crazy Kelly Compounding: $100 - $11,000 in 6 Trades.

$100 to $11,000 in 6 trades? Is it a scam? Is it a gamble? … No, it’s maths.

Common sense risk disclaimer: Don’t be a dick! Don’t risk money you can’t afford to lose. Do not risk money doing these things until you can show a regular profit on low risk.
Let’s talk about Crazy Kelly Compounding (CKC). Kelly criterion is a method for selecting optimal bet sizes if the odds and win rate are known (in other words, once you have worked out how to create and assess your edge). You can Google to learn about it in detail. The formula for Kelly criterion is;
((odds-1) * (percentage estimate)) - (1-percent estimate) / (odds-1) X 100
Now let’s say you can filter down a strategy to have a 80% win rate. It trades very rarely, but it had a very high success rate when it does. Let’s say you get 1:2 RR on that trade. Kelly would give you an optimum bet size of about 60% here. So if you win, you win 120%. Losing three trades in a row will bust you. You can still recover from anything less than that, fairly easily with a couple winning trades.
This is where CKC comes in. What if you could string some of these wins together, compounding the gains (so you were risking 60% each time)? What if you could pull off 6 trades in a row doing this?
Here is the math;

https://preview.redd.it/u3u6teqd7c721.png?width=606&format=png&auto=webp&s=3b958747b37b68ec2a769a8368b5cbebfe0e97ff
This shows years, substitute years for trades. 6 trades returns $11,338! This can be done. The question really is if you are able to dial in good enough entries, filter out enough sub-par trades and have the guts to pull the trigger when the time is right. Obviously you need to be willing to take the hit, obviously that hit gets bigger each time you go for it, but the reward to risk ratio is pretty decent if you can afford to lose the money.
We could maybe set something up to do this on cent brokers. So people can do it literally risking a couple dollars. I’d have to check to see if there was suitable spreads etc offered on them, though. They can be kinda icky.
Now listen, I am serious … don’t be a dick. Don’t rush out next week trying to retire by the weekend. What I am showing you is the EXTRA rewards that come with being able to produce good solid results and being able to section off some money for high risk “all or nothing” attempts; using your proven strategies.
I am not saying anyone can open 6 trades and make $11,000 … that is rather improbable. What I am saying is once you can get the strategy side right, and you can know your numbers; then you can use the numbers to see where the limits actually are, how fast your strategy can really go.
This CKC concept is not intended to inspire you to be reckless in trading, it is intended to inspire you to put focus on learning the core skills I am telling you that are behind being able to do this.
submitted by inweedwetrust to Forex [link] [comments]

Run Another Service Within Flask

Hello, I am having a problem with flask and quickfix. For those who don't know, quickfix is a python framework for creating FIX engines (FIX is a messaging protocol for financial services). My project started with a command line interface where I would start my quickfix app and keep a while loop asking for user input.
Now I must modify my project as a web app and decided to use flask. I set up a flask route to start the quickfix server but every time I access that API endpoint from Postman, my flask server dies, sometimes with a buffer overflow error and sometimes it does not give me any error messages.
Here is my flask code (it is very basic). The route that is causing the problem now is "/api/start_fix/" at flask_api.py:
from flask import Flask, render_template import fixapp from types import SimpleNamespace app = Flask(__name__) fix_handle = None @app.route('/') def home(): return "

This is a sample

" @app.route('/api/start_fix/',methods=['POST']) def start_fix(config_file): #these three lines below are temporary and circling each other. args = vars(fixapp.get_default_args()) args['config'] = config_file args['verbose'] = 3 args = SimpleNamespace(**args) fix_handle = fixapp.create_fix_app(args,fix_mode='manual') fix_handle.start() return "SUCCESS" @app.route('/api/start_quote/',methods=["POST"]) def start_quote(symbol): options = {'55':symbol} fix_handle.send_subscribe_to_data(options) @app.route('/api/get_ticks',methods=['GET']) def get_ticks(): return fix_handle.get_ticks() #get_ticks should return a json object @app.route('/api/get_ticks/',methods=['GET']) def get_ticks_by_size(size): return fix_handle.get_ticks(size=size) #should be json if __name__ == '__main__': app.run(debug=True)
fixapp is my implementation with quickfix and structured as a python package. I was hoping to use fix_handle to access data from within it through flask but the server crashes right at the beginning.
I will include a snippet of the function fix_handle.start() in case it is useful even though it is very short fixapp/session_object.py:
class SessionBase(object): """Base session object. It will be used to initialized most of the session object parameters""" def __init__(self,args): self.args = args self.config_file = args.config self.settings = fix.SessionSettings(self.config_file) self.decoder = FixDecoder() self.datastream = DataStream() self.orderstore = OrderStore() self.storeFactory = fix.FileStoreFactory(self.settings) self.logFactory = fix.FileLogFactory(self.settings) def start(self): """Initiate FIX app and do nothing else. This will only work if the child class has implemented the self.app and self.initiator""" try: self.initiator.start() time.sleep(1) print("FIX application has started...") #fixapp.utils.fix_started_msg() except (fix.ConfigError , fix.RuntimeError) as e: print(e) . . . 

self.initiator.start() is a function from the quickfix library and not implemented by me.
Also, to make it more clear, I want to remind that fixapp will start a process on its own and a server connection to a forex broker. This functionality used to work well from the command line but from within flask it can't work.
I looked into using threading or multi-threading libraries and was thinking of starting a new thread for each time my flask endpoint is sent a request, but it is still unclear to me how I could communicate with my quickfix process. Quickfix needs to be running in the background and those flask endpoints simply redirect to it. Quickfix will be continuously collecting FOREX data from the market.
I guess this is more about how to approach my problem by running quickfix from inside flask so that users of the web app can interact with it.
I would appreciate if someone can help me with this issue and if I wasn't clear or there is more information needed, please let me know.
submitted by esidehustle to flask [link] [comments]

dumb question for forex traders.

I had 1000 balance. I was long at 32.40. then the next day it went to 29 something and they closed my position. i can't even hold for 3 dollar difference. so if I want to hold for longer, i had to have bigger balance to have larger margin room?
submitted by hkbk2011 to Forex [link] [comments]

Looking for a good starting point - does MultiCharts fit the bill?

I'm fairly new to trading, coding, and finance, but I've begun developing a strategy that I'd like to flesh out. I've done some manual backtests and they seem promising, but I don't have a big enough sample size to really feel confident about it yet. I figured that the best thing to do is to develop an algorithm that I can backtest with a lot of data, but I'm feeling a bit unsure where to start presented with all these different options combined with my inexperience.
I've been using QuantConnect a bit, but I'm not thrilled with the fact that certain staff members can view my code, so I want to switch to something that won't have that issue. I was originally looking at Python platforms, but I've heard that it executes too slowly and I should be looking at building my algorithm in C# or C++. I'm not looking to execute on tick data as of now, and the lowest time frame I can anticipate going is 1 minute, although more likely it's 5 minutes. Will the speed issue come into play on those time frames? I'd also like to get into machine learning eventually and as far as I know Python is better for that so seems like there may be a bit of a trade off...that said, I'd imagine there's a way to integrate Python machine learning with C# or C++, but perhaps that's my ignorance speaking.
Someone on here recommended using MultiCharts - does this seem like a good starting point? I'm worried about getting too deep into developing my own platform and MultiCharts seems fairly user friendly as far as having a GUI and robust platform. I'd really like to just get straight into developing and testing my strategy, as that's what got me interested in algotrading to begin with.
Oh, the strategy is based on forex, if that's helpful. Thanks in advance for any input!
submitted by prokcomp to algotrading [link] [comments]

Best bid & ask size data for forex available?

Hi,
Currently, I use Dukascopy free forex data to train an algorithm. The data contains bid & ask price and bid & ask volume for all ticks. As far as I understand, bid & ask volume is the trading volume and not the best bid & ask size (the amount which is offered for the best price).
Does anyone know of a data source which contains the bid & ask size as well? Generally, I am willing to pay something for it provided I get a half a year of historical data first for free (or for a reasonable fixed price) to test if it is useful at all.
So, I need the following:
- Historical forex data (tick or 1s-15s bars)- Live forex data (tick or at 1s-15s bars)- Columns: time, bid & ask price, bid & ask size, bid & ask trading volume

Any suggestions?

Edit: I am a student. Maybe that helps to get free data from a expensive provider? :-)
submitted by kalabele to algotrading [link] [comments]

May Bitcoin Futures Seeing Heavy Volumes

by Shain Vernier

May has been a banner month for Bitcoin (BTC), featuring a breakout rally above $8000. Crypto bulls have taken control of the BTC cash market, bidding values higher at a rapid pace. No one is 100% sure why values are spiking ― perhaps this week’s traded volumes of May Bitcoin futures are a clue.

May Bitcoin Futures Show Heavy Volumes

Monday was a huge session for assets across the board, especially equities and cryptocurrencies. Stocks took a beating, while cryptos rallied. May Bitcoin futures put in an opening week GAP up before posting a test of the $8000 level.
Aside from the glaring daily GAP ($6290-$7150) for May BTC, the most striking observation from this chart are the daily traded volumes. Here they are from this week (approximate values):
Bitcoin futures are a large contract offered by the CME, featuring extensive margin requirements and a pricey tick size. In practice, they are not the most popular instrument among retail traders.
However, institutional investors implement BTC futures to hedge portfolio risk and speculate on forthcoming moves in the cash markets. Given this week’s comparatively huge traded volumes in May Bitcoin futures, it appears institutional players are betting on an extended rally out of BTC.
Bottom Line: If the big money players are going long, then look for everyone else to pile on. In the event we see a significant retracement in this week’s range, buying in from the daily 38% retracement is a good play to the bull. Taking a long position from $7125 is a solid market entry point. With an initial stop loss at $6489, this trade is good for $875 per BTC on a return to the $8000 level.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
submitted by sophia6159 to u/sophia6159 [link] [comments]

Best Backtesting Setup?

I have tick level granularity data for forex strategy evaluation. From this, I can build candles of any size. I'm looking for a way to store all of this effectively on my laptop so I can easily manipulate and backtest it. What's a good setup for this? I'm looking at InfluxDB but having some issues with the Python driver conking out on me at around 1.5m rows. I need something that can handle billions.
submitted by FR_STARMER to algotrading [link] [comments]

Lot size formula, Please help!

I am using the baby pip position size calculator, but my lot size is always out by ~0.2 +- of a lot I am not sure if it is a rounding error on their end or something worse
The online calculator is: http://www.babypips.com/tools/forex-calculators/positionsize.php
My formula is: (account denomination is AUD)
equity = 10000
risk = 0.03 (or 3%)
standardLotSize = 100000
  1. tick size may change if JPY (but here I am not using JPY)
    tickSize = 0.0001
  2. Account Denomination
    accountDenomination = 'AUD'
  3. Currency Pair
    currencyPair = NZDUSD
  4. Cross pair
    crossCurrency = USD
  5. Currency cost for accountDenomination/Cross
    accountCross = AUDUSD
  6. Cost for account cross (accountCurrencyCost)
    AUDUSD = ~0.77
  7. risk in dollars in account denomination form
    riskDollar = equity*risk
  8. convert this risk to risk of base currency
    riskDollarCounterCurrency = riskDollar*accountCurrencyCost
    = 300*0.77
  9. Stop loss in pips
    stopLossPips = 6
  10. Risk per pip in cross currency form
    crossRiskPerPip = riskDollarCounterCurrency/stopLossPips
  11. Calculate how many units to buy
    units = crossRiskPerPip/tickSize
  12. Calculate how many lots to buy
    lotSize = units/100000
What am I missing here????
submitted by peachesxxxx to Forex [link] [comments]

A framework for Investment/Trading as a mid-20-yo

Hi Everyone,
Brand new to reddit here (not sure how I escaped this deep deep black hole of internet for so long). I hope this is the right place.
First, I am here to distil what I have learned over the years of being a fool of the market. I’ll then try to piece together the checks and balances I have decided necessary to maintain long term success in investment management and trading. I will break it into two distinct product lines: Cash Equities and CFDs (index/forex) via FXCM/IG etc, as well as a General Risk Management section.
I have read extensively, like the usual Jack DSchwagger series, Stock Operator etc. If you haven’t read these I suggest you start there first.
General Risk Management and Setup:
Positioning/Size I cannot tell you how often I have been burned with poor position management across either cash equities or CFDs. I distinctly recall putting on a massive “no brainer” trade against the EUUSD in 2014 December. Entry 1.224. I got stopped out and lost 50% of my trading capital in 4 hours due to a margin call. I wasn’t even trying to scalp, I just wanted to get very, very rich. (I would’ve too if it weren’t for those meddling kids). The other side of this is that I express my cash equities portfolios in the form of “high conviction” trades/investments. Take A2M.AX. Average Entry of 6.XX through averaging up. It currently sits at more than 70% of my portfolio, even though I have a 12month timeframe. I have a higher conviction on Cash Equities with a far longer time frame than I do CFDs. Hence I position heavier.
There is a 2% rule floating out there that I semi-agree with. I’d like to hear your thoughts on this, as I would describe myself as much more of a risk taker and less systematic than I would like. I understand also there are more schools of thought, mechanical, pure TA etc etc. But no matter what fire you choose to play with, I think positioning has been the reason why I have lost money over 90% of the time, even if directionally I am 75% right within my time frame.
How do you guys balance your portfolio for maximum returns? Thoughts on 3-4 stock portfolios? Thoughts on CFD margin/position sizing for TA/discretionary? ( I know it will vary by style but would love to hear).
Trading Diary When I first waded into CFDs, I knew I wanted to keep a record of all my trades, in the hopes that I can reflect on what technical/fundamental ideas I opened and closed my trades in. A trading diary and reflection on those trades is huge in order for you to stop repeating really stupid mistakes.
Until recently I never had the mindset of actually sorting through the wins and losses of my past trades. YOU MUST HAVE A SYSTEM of going through the past days/weeks worth of trades. Reflection and reinforcement is key.
I think starting a blog for yourself is not a bad idea. It may not have readership, but it carries the important function of reflection and learning. Just as I am doing this very moment..
Research/Information Funnel The Economist. Period. *infinity. Start here. (Especially relevant for macro)
When I first started in Cash Equities I made the novice error of joining forums. Granted there is some great content that someone else more experienced has found and analysed, thus cutting down your research time. Right? Wrong.
I think it actually causes a shift in your behaviour to trust and rely on their primary opinion. If they’re right even once, you will now face a bias and think of them as a beacon of truth. Read Thinking Fast, Thinking Slow. As humans we’re inherently very lazy. Don’t let it make you take shortcuts.
I put this in general risk because information and bias is a HUGE risk to how you formulate your trading or investment thesis.
Even I noticed that the majority of my information sources including twitter liked to preach the “melt up” of the spooz etc. Confirmation Bias exists, especially in Investing. These guys had been talking of a market that was too strong for at least 2 years. Even though it finally semi-happened, they were still wrong for two years! Do you believe it would be valuable to find a peer group IRL as an additional source of information/debate?
Timeframe This closely relates to position/sizing. Timeframe goes hand in hand with positioning and how we wish to express risk. A low beta Banking stock with healthy dividends might warrant a larger position size if you look at it from a 10 year view point. The spooz on a 20 year view point would warrant a very different mindset when compared to a tick chart.
I have found it more helpful when thinking about timeframe as not “predicting” when I think something would happen, but use it as a matter of determining sizing.Am I really comfortable TSLA as 50% of my portfolio for 20 years? Hmm
Health Something I feel understated and forgotten about is the fact that sitting down for 10 hours a day with your eyes following green and red isn’t healthy. A healthy body will produce far better results if your headspace is clear and your emotions are in check. I would put more than a fair share of my mistakes as being due to emotionally driven trades (lose x find 2x) or trading when my physical mind is no longer sharp. Trading and Investing is a full time endeavour. Unless you are extremely fortunate or lucky in how you express your trades and investments, it will take a lot of time and involvement to find an edge that is more than just market. *I mean, isn’t that why we are here? *
[Edit] How do you guys ensure you’re balancing work or study and investment? I find myself mostly 100% work ever since graduating uni.
This turned out far longer than I expected. I would love to hear all feedback. Put me in my place! This is especially because I am about to commit more time to this as I bring it into a truly serious endeavour.
[Edit] Removed personal info
submitted by bertgrozhen to investing [link] [comments]

Does the "floor trade" exist in forex?

We all know that retail forex is a decentralised, over the counter, two-tier market. There is no central exchange, and there is no "floor" like the pre-electronic days with people shouting bids and offers. From what I understand, floor trading is a particular style, hunting ticks and running with the palpable sentiment of the market.
Most forex retail talk revolves around institutional sized positions, scalping off pins, trading the daily, algos, bots, trend trading etc. But the more I trade the short term time frames, the more convinced I am that the floor trade is alive and well, and that it drives much of the interesting intraday action. It's just now the floor is everywhere.
What are your thoughts?
submitted by alotmorealots to Forex [link] [comments]

Tick-Size Constraints, High Frequency Trading and Liquidity Understanding Tick Charts - YouTube What is TICK SIZE? What does TICK SIZE mean? TICK SIZE ... 3. FOREX Trading lot size and tick size in Indian stock market తెలుగు లో Minimum Price Fluctuation (Tick) - YouTube Why Scalp Trading Works - 2-3 ticks all day long - YouTube How to use 70 Tick Charts in MT4 FREE - Video Think Or Swim - How to Add Tick Charts - YouTube

The tick size and dollar value will be included in the basic contract information. You can find the same information for contracts traded on another exchange by going to that exchange's website. Calculating Profit and Loss . Those tick increments and values are based on one contract or share. To calculate how much you stand to gain or lose on each tick movement after having traded multiple In the Forex market, the minimum tick size that an exchange rate can move is called a pip, and represents the fourth decimal place of an exchange rate. In some currency pairs that include the Japanese yen, a pip can also be located on the second decimal place. The value of the minimum price fluctuation in the Forex market depends on the traded currency pair, the current exchange rate and the Forex-Handel. Die Berechnung des Tick-Werts bei den Devisen-Terminkontrakten. Der bekannteste Währungs-Terminkontrakt ist sicherlich der Euro-FX-Futures, der an der CME (Chicago Mercantile Exchange) notiert ist und im elektronischen Globex-Handel 24 Stunden am Tag getradet werden kann. Das Ticker-Symbol ist 6E. Bei diesem Devisen-Future wird der Euro gegen den US-Dollar gehandelt. Die Tick size is quite relevant in the stock market context. Generally, tick size reflects the minimum price change among different bids and offer prices of a traded security on an exchange platform. The main focal point of the article will be on Tick Size and Tick Value. Apart from this, we will describe NSE, BSE tick size separately. ShadowTrader Futures & Forex Tick Size and Value. Returns Tick size and value immediately by just changing symbol in tos chart Defaults to one lots but can be easily customized to whatever size trader is accustomed to Display colors are changeable for less intrusive look Allows user to decide between futures or forex display or both simultaneously Includes detailed instructions on how to The tick size shows the change in bid price between current bid and the previous incoming bid. The tick rate histogram shows the number of seconds each tick lasts for, the moving average shows the average number of incoming ticks per second. Global Variables are set for each of the MA's current value, so they can easily be imported by other indicators/scrips/ea's. Tick Size: A tick size is the minimum price movement of a trading instrument. The price movements of different trading instruments vary with the tick size representing the minimum incremental

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Tick-Size Constraints, High Frequency Trading and Liquidity

Learn about tick movements and how they are used in global markets. Subscribe: https://www.youtube.com/subscription_center?add_user=cmegroup Learn more: http... http://daytradetowin.com/the-trade-scalper.php So how do you scalp the markets? Watch the Tradescalper in action for stocks, indices, currencies or any marke... What does TICK SIZE mean? TICK SIZE meaning - TICK SIZE definition - TICK SIZE explanation. Sourc... TICK SIZE meaning - TICK SIZE definition - TICK SIZE explanation. Sourc... My Broker: https://bit.ly/MyFXBroker Become a Funded Trader: https://bit.ly/FundedTrader FX Blue Tick Charts: https://www.fxblue.com/appstore/12/tick-charts-... He suggests that there may be a causal relationship between high-speed competition at large relative tick size. Thus high frequency traders have an advantage when the relative tick sizes are large. FOREX Trading lot size and tick size in Indian stock market తెలుగు లో ... Forex Basics - Lot Sizes, Risk vs. Reward, Counting Pips - Duration: 36:25. Kingdom Kash Recommended for ... Understanding tick charts: an introduction to tick charts. Read the Full article Below http://www.envisionchart.com/tick-charts-trading/ Hi traders, in this ... Check out my Site: http://www.FinancialTradingSchool.com

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