Sunday, February 10, 2013

Free Online Charting

Here is a list of online charting applications.  They all run on your browser, chartingstation can also run on your desktop.  I use the first one listed since it was the first one online and I’m used to it now.  If I was to start fresh, I think I would go with chartingstation as they have less advertising on the screen real estate.

Take a few minutes and explore each of them. They are all free, free data from the BATSA exchange, meaning I wouldn’t trade intraday off those quotes but it gives you a great idea of where the market is. I mostly use it for my long term holding check, and to look at the US dollar index on the weekends.

In the end, pick one and stay with it. 

http://www.freestockcharts.com/

by Worden brother.  Although I like this, its heavy advertising and a push to upgrade or go with there platform TC 2000.  I stay with the free version as it does what I need.

https://www.tradingview.com

Community based, tons of features. 

http://www.chartingstation.com

  • Multi-screen end-of-day stock charting software
    7 chart types (Candle, Point & Figure, Renko, Kagi, Heikin-Ashi, Line, High-Low)
    16 drawing tools (Fibonacci tools, Gann tools, Channels, Andrew's Pitchfork, Text, Basic Shapes)
    70+ indicators and chart transformations
    Access 3 free stock data providers (Yahoo!, Google, MSN Money)
    Load custom Comma Separated Value (CSV) files
    Multi-platform: Windows, Mac OS X, Linux
    Use from your desktop or web browser

Thursday, December 20, 2012

The end of the world

Do you think the world will end on December 21, 2012?

With the impending date of Dec. 21, we wonder if this will really be the year that the world comes to an end, but looking back, we see that the end of the world was supposed to come about 17 times already.

Is the world really going to end, though? According to the Mayans, some say, yes. Others feel it may just be a myth, or that the Mayans simply ran out of rock.
Why the 21st of December of this particular year? What calculations did the Mayans, who were incredibly advanced in math and science, have to come up this exact date? How valid are their calculations? Many doubt that the Mayans could have predicted the end, as it was several thousands of years away.
Some wonder if the few days before the 21st will become a sort of Black Friday shopping spree. 
I don't think it will end on the 21st.  Maybe a few weeks after that :)

Friday, November 30, 2012

ProSLTP

There is a tool out there called ProSLTP.  It costs money, really? The functionality is OK but this guy is charging for it.

ProSLTP Review

If your here you were probably searching for reviews of this tool, or the tool itself.

If you want a real free tool, go here and get TT2P.

The latest version is always on the first post.

Monday, November 12, 2012

MT4 Signal Service

This last weekend I updated my platform to build 445.  I'm running a FXCM platform on my smaller account.  The update included a signal service from the MT5 / MT5 community.  Here's the look of the new options tabs. Any comments on the new service?  Here is the link to MT4 Signals.

 

Capture

Capture2

Sunday, November 11, 2012

The sound of the market

Ever wondered what the market would "sound" like?

Even if you don't find this Indicator useful for your day-to-day trading, it's interesting to listen to it for a while.

On Forex Factory, under the thread called "Scalping With Sound", I found this gem.  (You'll have to sign up to get these files).

I installed this on the MT4 platform, on a Windows 7 machine.  A little crazy to get it to work but I finally manage it.  The trick was to select the new sound files, right click properties, and "Unblock" the files.

This is an indicator, so you put the "rooicol - Market Pace.ex4" file in the MT4/experts/indicators directory.  Put the sound files in MT4/sounds.  Then you re-start MT4.

Here is what I mean by "unblock".  You need to do it for each file.  It might work doing it once for the zip file after download.


Listen to the ticks as price reaches support, resistance, supply, demand, or whatever you call it in your world.  The ticks will stop, silence..... If price breaks this area (rising for example) and shoots up, the ticks go crazy.  If price backs off, you hear price getting smacked down, then slowly rising again.

Listen when the market is busy, I bet it sounds busy on a news release!


Friday, September 14, 2012

MultiCharts Discretionary Trader


MultiCharts was previously available for free, the catch is that trades could only be placed manually, no automation.  It did however allow for chart trading, and it did a pretty good job at it.  

You could place orders by clicking on the chart, with multiple targets.  You could attach strategies such as breakouts or limit orders and as bracket orders as well.  I didn't like the fat that it waited until the order was filled before it placed stops and targets (bracket).

The software has the ability to connect to a bunch of brokers as well, for order placement.

If your looking for this trading platform, you can probably find the torrent for it.  I am fairly certain it still works as a free version to connect to a pile of brokers, but I'm not sure how buggy it is.

I wrote a post a while back on this platform, that it was GONZO.  They took the free version off the web site.  The paid platform looks very kick-ass if your a full time trader.  
If you want to read more about it here is the MultiCharts web page, click on the "Compare editions" on the left side.  Also, mouse over the "MultiCharts" on the top to see a huge menu to learn more about this package.  I don't use it but if I was a full time trader I would seriously consider it.



Thursday, August 30, 2012

How to program AFL in Amibroker and MQL for MT4

I’m a self taught programmer, the only classes I ever took part in were in high school.  Back in the day of the cards – you had to use a pencil on some cards then feed them into a machine and it ran your program.  I learned Fortran first.  Then a tried basic language on a Commodore 64 or something, long time ago, can’t remember the details.

If you want to learn Amibrokers AFL or MT4 here are a few suggestions:

Take a night course in programming, not sure which language is close to either of these but if you ask in some forums or Google for similarities you’ll find answer.  If you already know a language, don’t bother with school, jump to step 2.  

You first need to learn logic flow and what functions are and what object programming means, your looking learn to the concept of programming and how you write a program, run it, and debug it.  Then you can cross utilise this skill with any other language.  It takes some self learning. 

The next step, load up a small program and try to understand it. If you put your cursor on a function (which usually highlighted in blue) and press F1 help opens up and you can read about the function.  Then read the help docs on program flow to understand how the program executes. 

Next – load up a bigger program and understand the flow.  Make some small changes, maybe try to print stuff to the screen or alerts menu, or send en email. 

Next – read a tutorial, free one are always offered on line.  You can start with this as step one as well but after you play with code you should go back to a tutorial and read it again.  Read the tutorial once a week for 3 weeks, read it to understand it.  Read it when the kids are in bed, you need to focus un-interrupted.

Next – have an idea of what you want to do, then steel some code as a starting point and modify it to suit your coding goal.  here’s an example.  Load up the stochastic indi.  Make an indicator in one single window with 3 stochastic, with either K or D.  Set them to 8, 21, and 55 periods.  Run it on a 15 minute timeframe.  Now add another that is set to a forced time frame of 4 hours and is an average of the 8, 21, and 55 periods.  Plot the four lines.  Use the same colour for the 15 minute and a thicker and different color for the 4 hour.

Then, ask yourself this – am I coding because I like it and trading is secondary, or am I coding for a purpose? I got into the rut of coding because it was a challenge. I wasn’t learning to trade.  Then I decided to just watch the screen and price action and learn to trade. Then code for what I wanted to do.

And the best for last – I don’t think I have ever written a program from scratch – I always start with something that has been done already, then change it, add to it, delete stuff, and make adjustments.  After a while there might not be anything left of the original, but it sure make it easier to start.

Tuesday, August 28, 2012

Canadian Forex Accounts

If you have the option to open an account in Canada for Forex, you will gain a great protection plan!

IIROC is the regulator in Canada, here's the blurb from there site.

Investment dealer insolvency doesn’t happen very often, but if it does, the Canadian Investor Protection Fund (CIPF) is here to ensure your cash and securities are returned to you, within defined limits.

If you have an account with a CIPF Member you have CIPF protection - coverage is automatic for all eligible customers. For more information, go directly to our Coverage Policy.CIPF is sponsored by the Investment Industry Regulatory Organization of Canada (IIROC) and is the only compensation fund approved by the Canadian Securities Administrators for IIROC Dealer Members. All IIROC Dealer Members are CIPF Members.

So, for anyone outside of Canada, take a look at this page.... it tells you what and who is covered under CIPF. http://www.cipf.ca/Public/CIPFCoverage/ ... olicy.aspx

The sad part for US residents is that the Canadian regulator respects the US regulaor.  US regulator does not allow US residents from opening accounts outside the US.

From the CIPF web site

Question: Does it matter if I do not live in Canada, or if I am not a Canadian citizen or a Canadian resident?

Answer: No. CIPF coverage does not depend upon residency or citizenship. CIPF coverage is available to you when you open an account with a CIPF Member.

Canadian Brokers offering MT4


FXCM uses a company called Friedburg Direct.  I have an account with them.  Here is the MT4 FXCM page.
Over 5K you also get a free VPS. 1:50 leverage - and that's OK with me!! 


I know that Questrade is going to be introducing MT4 some time in the near future. 


Forex.com (Gain Capitol) - good spreads. free VPS with 5K or more.

Monday, August 27, 2012

Tipster Trendlines - Amibroker

Update - I've closed my Interactive Brokers account where I use Amibroker and Tipster Trendlines (for Amibroker).  I'm using MT4 now and TT2P found at Stevehopwoodforex.com forum.  You can find the link at the top of this blog.  I will be dropping the price of the Amibroker code shortly and the support will be limited.  The code still works for the current version of IB TWS and Amibroker.

Sunday, August 26, 2012

My Brokers

I was MF Global and they blew up - I got all my money back thanks to the Canadian regulation system.  I'll write about that shortly.

I was then with PFGBest and they blew up - the account was in the US and my money is stuck in the bankruptcy fiasco.

I'm now with Forex.Com (Gain Capitol) and FXCM Canada.

Both accounts are held in Canada and have no hedging restrictions or FIFO rules.  Leverage is 100:1.
I use MT4 on both.  Both allow comments and magic numbers for full MT4 functionality.  Spreads are better on the majors at Forex.com.

So far, so good.  I just started trading the accounts and I'll post links to performance on the page listed at the top of this blog.

Disclaimer

The information presented on this site is for educational and entertainment purposes only. This site contains no suggestions or instructions that you must follow, do your own research and due diligence before committing your cash to the markets. Your on your own.