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Transitioning to markets available in Australia's time zone


Hi CanOz,

It seems you are quite proficient at making your own equity curve graphs using the data exported from your trading account. That said, you may be interested in our free Trading Analytics site. You can access it with your FXCM account login details: https://taweb.fxcorporate.com/


 

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lol....

Thats really great, thanks Jason....i feel rather silly for not asking before.
 

This is really great stuff - wish my equities/cfd broker offered this!
 
lol....

Thats really great, thanks Jason....i feel rather silly for not asking before.

Don't be too hard on yourself. I've worked at FXCM almost 12 years and am still learning about all the solutions we offer for our clients.

However, I know whom to ask in our various departments, so please don't hesitate to reach out to me if you're curious whether we offer something. You can contact me via private message or post a question in our main discussion thread: https://www.aussiestockforums.com/forums/showthread.php?t=14878&goto=newpost
 
Back working on my FX system after a break. The recent volatility is certainly helping...expecting some chop today waiting for NFP, perhaps some small range trades.
 

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Good result for the week, my first week back trading this after a break to do a round of health checks and take some opportunity to code up my strategy, test it in the raw form and then start trading the signals with a discretionary filter. Had some help from an ASF member on this too, he's been a great help to me in understanding volatility. I won't mention any names but he knows who he is...

The rest of this week is a bit of a write off, i have an exploratory medical procedure tomorrow afternoon which might leave me a little rough around the edges...In the meantime I've got more code coming back from my Upwork coder that will include some minor additions to help remove some discretion. I don't plan to completely automate this as it still requires channels or patterns as a final piece before the trades are taken.

Generally though this system uses standard deviations, volatility, and market structure.
 

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Today i've been testing this FX system on commodities and indices. It works well on the ES but works outstanding on CL....
 

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Looks good. What sort of position sizing do you use on single markets?
 
Looks good. What sort of position sizing do you use on single markets?

Hi Roller!

Testing is only based on a single contract. I would like to try dynamic sizing according to volatility one day, so thoughts on this are certainly welcome!
 
Hi Roller!

Testing is only based on a single contract. I would like to try dynamic sizing according to volatility one day, so thoughts on this are certainly welcome!

I'm not really up to speed with futures, FX etc just stocks i trade.

So do you use your whole account on 1 position??
 
I'm not really up to speed with futures, FX etc just stocks i trade.

So do you use your whole account on 1 position??

No, generally from.5% to.1% but always less than 2%
 
Yeah sorry so your total risk is less than <2%? or total sze of the position?


Trade risk is less than 2%

I won't get more than 5 positions on at one time per account, so portfolio heat is pretty low.
 
Trade risk is less than 2%

I won't get more than 5 positions on at one time per account, so portfolio heat is pretty low.

Yep got ya..

Do you trade the FX market during our day time hours, is there enough volatility? I have been thinking about diversifying into FX or futures but it's not practical or i have no intention of sitting up all night. I am bored now i have my EOD MR system chugging away nicely.
 

Yeah, there is a few moves in the morning before things get going again around 3 or 4 pm.
 
If you are looking for volatility there are moves when there are aussie announcements like todays employment figs at 1130.

other announcements that often move markets include aussie cpi and trade balance data both 1130am eastern. Of course the first tuesday of the month there is the rba rate decision at 230pm.

Also NZ announcements are in the morning 7xx or 8xx. They can and have moved markets significantly.
 

And a bit of jawboning now and again. It's a great time to be trading fx, lots of themes....negative rates and positive carrys, ex Brexit, Greece, Italy, DB....fed dovish / hawkish...on and on. This makes for some great short term trends.
 
A bit of an update:

I've had a good run and the best trades have been ones that have been enter after the EU session opens. SO for the foreseeable future i'll focus on research in the morning and then after lunch i'll put together some trade ideas for the EU/US session.
 

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Back to Europe session, dragged you back in.

Good to see you are making progress with it
 
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