The trading algorithm will be released tomorrow … sometime … probably
afternoon but we’ll see … It’s pretty simple and straightforward, but don’t let the
simplicity fool you, it’s extremely powerful, and I doubt many of you have ever
seen the components, let alone research & then use them … the trick isn’t in the
math, it’s in making it visually easy to use and simple to understand … I think
I’ve accomplished that, and it won’t take many minutes once up & running for
you to see for yourself.
I mention this in the manual, but I want to reiterate it here again … the algorithm
works optimally in markets that have 1) VIX, and 2) that go up and down a lot
… sure high ranges help, and generally speaking a higher 20 Day Range MA for a
given market will probably mean better overall VIX during your trading session
… but not always and straight up / down markets for hours on end won’t help
matters either, cuz it’s the nature of corrective activity that yields the very best
trades, not buying continued new highs or selling new lows and praying there’s
a bigger Dope than yourself willing to come along and pay more so you can get
out … and sometimes that works, but most of the time it doesn’t.
Right now the YEN crosses, specifically EURJPY & AUDJPY show very good
overall optimal trading … GBPJPY IS “iffy” at Turnkey cuz lately the spread has
been gyrating faster than a New York city cab meter … it’s easy to see a 0.5 PIP
bid/offer spread, and then a microsecond later see 2.3, then back to 1.6, and all
over the place … as I’ve said before, when looking at these gyrating variable
spreads, if you want to know what your fill is gonna be, watch it for 5 minutes, and
the HIGHEST spread you see is the one you’re gonna get … guaranteed! … and
that’s before any slippage! … and unless Cable/Yen is gonna put in 300+ PIP
ranges consistently [highly unlikely], paying 2.5 - 3 PIPS to get into a trade is
bullshit, especially if your attempting to scalp this market … relax, it’s intentional
on the part of the scumbag LP’s and isn’t going to ever change no matter the
bullshit emanating from Turnkey Pie Holes in customer service, as the hidden
“vig” means they aren’t willing to allow you to pick them off for extreme short
term gain … it’s the very same in the dollar pairs, where razor thin spreads are
quoted, but you aren’t gonna get any of them … it’s an illusion, and when you go
to hit the trade button, you find your latency and fill suck … the “vig” is built into
the trade no matter what you do … from my experience, only the YEN crosses are
competitive and consistently fair & honest … the rest stink.
Stock indices are also great markets to use the trading algo … although, you’re
nuts if you use Turnkey cuz the slippage is so bad it’s ridiculous … not only do
their spreads suck most days, there’s no limit to the amount of slippage they can
tack on when any of these indices start moving … e.g., last time I ever traded the
NDX100, I went to buy and got filled 7 index points higher than the offer I was
expecting to buy … 7! … and the market is more volatile now than ever before, so
I wouldn’t expect it to be much better … SIMPLE FX is the place to be for stock
indices IMHO, cuz they have consistently low bid/offer spreads even in volatile
markets, with ZERO commissions … usually the spreads are as follows:
SP500 = 0.3 index points, DOW30 = 2 index points, NDX100 = 0.7 index points,
& the RUSSELL2000 = 0.3 index points … that’s tough to beat!
It’s up to each individual to pick & choose the markets that they trade on the MT4,
but the algo will work well in all of them, if given the proper volatility [VIX] … in
the manual, I use EURJPY for my examples, but the charts will look the same in
any market you choose.
Directly below, the 20 Day Range MA’s for selected pairs.
You’ll notice everything dropped last week, and crypto is starting to look like
death warmed over … the space needs some VIX, and up and until it gets some,
it’s better left alone … why give hard earned gains back just to say you're trading?
Until tomorrow … outta here … “The future’s so bright I need 2 pairs of
sunglasses”!! 😎😎 … Onward & Upward!!
-vegas
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