Scalping FX with Cyrox Rainbow

[tayser]

Re: Linuxtroll simple scalping

I wouldn't use IG for FX - they're a market maker and that's probably why you couldn't short the indices as everyone else was trying

But Index trading yes, you have to use a Market making CFD provider... I've got an account with Pacific Trader (unfunded as yet) and the spreads on the Euro and Yank indices are pretty tight.

Auckland open 6am AEDT
Sydney open: 8am AEDT & AEST
Tokyo open: 10am AEDT
Hong Kong / Singapore open: 11am AEDT
Paris/Frankfurt open: 6pm AEDT
London open: 7pm AEDT
New York open: midnight AEDT

opens are usually 8am in the local timezone.

 

[disarray]

Re: Linuxtroll simple scalping

question about your setup tayser. i'm using ninjatrader with the free GAIN datafeed for charting (nice little package), and EFX to place orders but the numbers between the 2 programs are out by 3 - 4 pips. chart aud/jpy will be 95.27 and efx is at 95.30 / 95.33. the oanda chart on 5 secs moves with efx ok though. have you had this sync problem? are you using a paid datafeed?

cheers

 

[tayser]

Re: Linuxtroll simple scalping

nah, just using EFX's demo feed. I'm executing on the same - however through navigator.

 

[nizar]

Re: Linuxtroll simple scalping

question about your setup tayser. i'm using ninjatrader with the free GAIN datafeed for charting (nice little package), and EFX to place orders but the numbers between the 2 programs are out by 3 - 4 pips. chart aud/jpy will be 95.27 and efx is at 95.30 / 95.33. the oanda chart on 5 secs moves with efx ok though. have you had this sync problem? are you using a paid datafeed?

cheers

I wanted to ask the same question.

Tayser, can you please be a bit more clearer on your response.

Whose charts are you trading off and are the prices insyc with what you see on EFX Navigator quotes?

Thankyou.

Edit: Oh so EFX comes with charting now? At what cost?
The last update I got from the FF thread was that they did not provide charting unless if you pay $50/month. Has this changed?

 

[tayser]

Re: Linuxtroll simple scalping

we've referred to a few platforms, I'll spec:

1. EFX Navigator
2. EFX Remote Trader
3. Ninja Trader 6.5b

EFX Navigator is the platform that is available to both Demo and Live clients - this does not have integrated charting. EFX Remote Trade is their new platform that's currently only available to live clients. Ninja Trader 6.5b is the platform that I'm using for charts (see above).

My setup basically consists of NinjaCharts in the middle of the screen with the EFX Navigator components surrounding the chart. Two different apps - one from the broker, the other a 3rd party app, but they're both using the same feed (EFX's demo).

Remote Trader's charts are integrated and free as far as I know.

 

[nizar]

Re: Linuxtroll simple scalping

we've referred to a few platforms, I'll spec:

1. EFX Navigator
2. EFX Remote Trader
3. Ninja Trader 6.5b

EFX Navigator is the platform that is available to both Demo and Live clients - this does not have integrated charting. EFX Remote Trade is their new platform that's currently only available to live clients. Ninja Trader 6.5b is the platform that I'm using for charts (see above).

My setup basically consists of NinjaCharts in the middle of the screen with the EFX Navigator components surrounding the chart. Two different apps - one from the broker, the other a 3rd party app, but they're both using the same feed (EFX's demo).

Remote Trader's charts are integrated and free as far as I know.

Thanks for the clarification.

Is NinjaCharts free?

 

[disarray]

Re: Linuxtroll simple scalping

got more info in PM from tayser today, cheers man.

ninjatrader is free - download it here

efx navigator is also free. download it here

sign up for 1 demo account for ninjatrader and 2 demo accounts for efx. when you set up ninjatrader you specify where you want the datafeed to come from under Tools - Account Connections then use MBTrading as the source with the demo account credentials for one of your efx accounts. then open efx with the second demo account credentials (you can't use 1 demo account logged into ninjatrader and efx at the same time thats why you need 2).

GAIN demo is also another free realtime provider you can use but it is 3-4 pips out from efx prices which is no good. or you can use specify yahoo but that does end of day only.

 

[nizar]

Re: Linuxtroll simple scalping

got more info in PM from tayser today, cheers man.

ninjatrader is free - download it here

efx navigator is also free. download it here

sign up for 1 demo account for ninjatrader and 2 demo accounts for efx. when you set up ninjatrader you specify where you want the datafeed to come from under Tools - Account Connections then use MBTrading as the source with the demo account credentials for one of your efx accounts. then open efx with the second demo account credentials (you can't use 1 demo account logged into ninjatrader and efx at the same time thats why you need 2).

GAIN demo is also another free realtime provider you can use but it is 3-4 pips out from efx prices which is no good. or you can use specify yahoo but that does end of day only.

Thanks bro, i will look into it.

 

[G-Zilla]

Re: Linuxtroll simple scalping

Hey guys this thread is awesome. Thank you for all the great info so far.

Matt

 

[tayser]

Re: Linuxtroll simple scalping

Only casually looking for trades this week.

Pretty stock standard entry signal, price was butting its head up against a short-term resistance line (look for the lower lows), entered (unfortunately when the ask was fluctuating) and just took a few on the breakout.

Time Order ID Message Event TIF Orig Trader ID
20:37:49 0vm002s:0ges-00 Buy 800000 AUD/JPY @ Market on MBTX [expiring: 13/05/2008] (800000 traded at 96.71) Filled GTC DEMO****
20:38:57 0vm002s:0gkf-00 Sell 800000 AUD/JPY @ Market on MBTX [expiring: 13/05/2008] (800000 traded at 96.76) Filled GTC DEMO****

 

[tayser]

Re: Linuxtroll simple scalping

Fiddling around a bit.

Time Order ID Message Event TIF Orig Trader ID
19:50:08 0vn002s:0p7x-00 Sell Short 750000 AUD/JPY @ Market on MBTX [expiring: 14/05/2008] (750000 traded at 96.16) Filled GTC DEMO****
19:54:49 0vn002s:0pn2-00 Buy 750000 AUD/JPY @ Market on MBTX [expiring: 14/05/2008] (750000 traded at 96.10) Filled GTC DEMO****
20:05:10 0vn002s:0s10-00 Buy 780000 AUD/JPY @ Market+TTO [+TTO @ Market when AUD/JPY <= 96.05 or >= 96.30] on MBTX [expiring: 14/05/2008] (780000 traded at 96.27) Filled GTC DEMO****
20:05:13 0vn002s:0s14-00 Sell 780000 AUD/JPY TTO [@ Market when AUD/JPY <= 96.05 or >= 96.30] on MBTX [expiring: 14/05/2008] (780000 traded at 96.31) Filled GTC DEMO****
^ slipped positively!

#1 Stock standard trend continuation.
#2 Playing with EFX's Market + TTO order... I preset the target for 5 pips - mental note: you need to add that spread to it!

 

[tayser]

Re: Linuxtroll simple scalping

Bit of a morning scalp before work...

I was actually read to go short (finger hovering~!), but this was the start of a move toward the pivot level at 96.97. Only took my 5.

Time Order ID Message Event TIF Orig Trader ID
07:37:39 0vn002s:2o70-00 Sell 800000 AUD/JPY @ Market on MBTX [expiring: 14/05/2008] (800000 traded at 96.89) Filled GTC DEMO****
07:32:16 0vn002s:2nzw-00 Buy 800000 AUD/JPY @ Market on MBTX [expiring: 14/05/2008] (800000 traded at 96.83) Filled GTC DEMO****

 

[tayser]

Just a random note: I highly recommend people ditch Oanda and just stick with the NinjaTrader + EFX combo if you're going to be looking at this method. Trading with any fixed spread market maker is going to disadvantage you, so if you're starting to play with it - play with an ECN setup from the word go.

You need latest versions of both EFX Navigator and NinjaTrader.

Get a demo licence for NinjaTrader. Sign up for 2 EFX Demo accounts - note both their usernames and passwords. In NinjaTrader: Go to Tools > Account Connections, click Add. Click Next, in name use: "Gain", for provider select "Gain", for historical data keep Gain selected, click Next. In Mode, select Demo, click Next, Click Finish.

Go back to Tools > Account Connections, click Add, Click Next, in name use "EFX", for provider select MBTrading (EFX's parent co), keep backup set to None. click next, Put your first Demo account's details in here selecting Demo Server Type. I dont bother with Nav window. Click Next, Click Finish.

Load my Rainbow template (right click and save as) by putting it in your My Documents > Ninja Trader > templates > chart folder.

CONNECT TO GAIN FIRST
by going to File > Connect > Gain.

Then go into NinjaTrader, select File > New > Chart, select your currency pair, your timeframe and how far you want the data to go back, select the Cyrox Template. Click Ok.

Let the data load from Gain.

Once loaded in the chart, go to Tools > Disconnect > Gain, then immediately go to Tools > Connect > EFX. This will solve the no historical data problem with EFX.

You can use NinjaTrader for execution - I still use EFX Navigator.

Remember EFX demo balances are reset on the 15th of every month (you can start afresh this coming monday).

Cheers.

 

[Stormin_Norman]

cheers for the run down on the ninjatrader software tayser.

 

[prawn_86]

Then go into NinjaTrader, select File > New > Chart, select your currency pair, your timeframe and how far you want the data to go back, select the Cyrox Template. Click Ok.

For some reason i cannot see where you select this as the template.

Am i blind?

 

[Stormin_Norman]

For some reason i cannot see where you select this as the template.

Am i blind?

did you save it in the correct directory?

if you did then you can select it from the drop down menu on the 'chart' selection screen. File -> new -> chart.

hope that helps.

 

[lesm]

For some reason i cannot see where you select this as the template.

Am i blind?

Maybe.

It is located in the bottom left hand section of the 'Format Data Series' screen. The drop-down box under the text heading 'Chart Template'

 

[tayser]

^ yap, that's it.

3's enough to start off the new demo period.

Time Order ID Message Event TIF Orig Trader ID
20:13:16 0vs002s:0ex0-00 Sell 850000 AUD/JPY @ Market on MBTX [expiring: 19/05/2008] (850000 traded at 98.65) Filled GTC DEMO****
20:09:03 0vs002s:0ent-00 Buy 850000 AUD/JPY @ Market on MBTX [expiring: 19/05/2008] (850000 traded at 98.61) Filled GTC DEMO****

 

[Stormin_Norman]

my efx demo doesnt seem to be reset.

 

[tayser]

send 'em an email, they're usually pretty quick if you use their online chat on their website too.

anyhow, AUD/JPY is being a chode tonight. EUR/JPY it is.

Time Order ID Message Event TIF Orig Trader ID
20:02:03 0vt002s:0bcu-00 Sell Short 100000 EUR/JPY @ Market on MBTX [expiring: 20/05/2008] (100000 traded at 158.65) Filled GTC DEMO****
20:04:21 0vt002s:0bkn-00 Buy 100000 EUR/JPY @ Market on MBTX [expiring: 20/05/2008] (100000 traded at 158.57) Filled GTC DEMO****
20:11:04 0vt002s:0c8i-00 Sell Short 100000 EUR/JPY @ Market on MBTX [expiring: 20/05/2008] (100000 traded at 158.50) Filled GTC DEMO****
20:13:43 0vt002s:0ch0-00 Buy 100000 EUR/JPY @ Market on MBTX [expiring: 20/05/2008] (100000 traded at 158.43) Filled GTC DEMO****

15 gross, 12 net, or about 7-8 pips net on AUD/JPY.