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The crude oil [WTI and/or Brent] algorithms and associated manuals have been uploaded and are now available in the “Download Links” section of the website over in the right hand column. There are 2 parts to the algorithm, components & implementation; make sure you read both parts as there is important trading information in the components PDF as well.
“Yes Butch, the new oil algorithm is ready!”
I’ve been under a lot of pressure lately, as our chief of security Butch [photo above], has been relentlessly pressuring me to get the manual and algo code [mq4 files] done. “C’mon –vegas, get your ass in gear, otherwise I’ll be stuck in school another year having to learn useless PC shit I don’t need … I got expenses … you think dating is cheap these days? … you seen how expensive babes are these days? … you remember any of that? … -vegas, you know I love and adore oil right? … OK man, before I have to smack you some to get your attitude in the right place, get the frickin’ algo done!”
I want to remind everyone that the crude oil algorithm just released is our short term “traders” algorithm; i.e. for use trading between 08:00 – 14:30 to maybe 15:00 New York time.
I’m in the process of developing a medium term trading algorithm for crude oil because one of the brokerage houses I recommend for trading oil has NO CARRYOVER “VIG” THROUGH ROLLOVER. That’s right, a CFD with no Liquidity Provider “vig”, which in practically every CFD market known to man at the vast majority of brokerage houses, the rollover “vig” you get charged every day [and triple on Wednesday] would make a mafia boss blush with envy.
I don’t know when the medium term algorithm for oil will be ready for release; there are some market related issues I have to solve first and have been working on the last month. Rest assured, when it’s close to being ready I’ll let everybody know here on the blog posts.
I’m excited about the “traders” oil algorithm just released; for the first time I can remember, you not only have a trading algorithm that works and makes money, you have 2 brokerage houses to choose from which can match any size account and give you maximum flexibility in the amount of oil you want to trade. Granted, any CFD by its very nature and construction, is going to be “off” the primary market in which it mirrors; the question always are by how much and what [if any] round turn commissions are there.
With oil finally being recognized [by the financial world] as an asset class, and not simply a physical commodity to which CFD’s can be created to “rape & pillage” retail traders, spreads and commissions [if any] are now at the point where the CFD is basically about 1 penny per bbl. off the highly traded futures contracts. Given the way this market moves, that sacrifice of 1 penny is well worth the added flexibility of being able to pick your volume of oil, rather than being stuck trading 1,000 bbl. [1 lot] futures contracts. Thanks, but I don’t particularly like the “Square peg, meet round hole” approach the futures contracts offer to the majority of traders; most accounts are way too small to trade oil at 1,000 bbl. per contract.
As always, I support what I write. If you have any questions/comments, I’d love to hear from you; drop me a note at firstname.lastname@example.org and I’ll get back to you with a personal response ASAP. Enjoy the algorithm traders!
Have a great weekend everybody!
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