Monday 27 February 2017

NFP Live trading

Live trading

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Friday 24 February 2017

Thursday 16 February 2017

Currency Strength on MetaTrader4

Initial study into the possibility of porting my Currency Strength indicators on to MetaTrader4. I'm starting with the Currency Index since it is the simplest, yet contains all the data-grabbing and most of the maths that I need.

Here is the original MarketScope version of USD Index based on m5 chart...


Here is the new MT4 version of the same ...


This was a proof-of-concept prototype. There were a lot of short-cuts and hacks in this, but I think it worked out ok. Still a lot more work to be done.
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Wednesday 15 February 2017

Platform Change (Part 3)

Just playing around, but here is first screenshot of a partial port of the SessionLines indicator. Not as nice as it was on MarketScope, but functional. Unfortunately, there appears to be a limit to how many output streams an indicator can support, so the full functionality of SessionLines can not be supported. I will have to split it into 3.

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Tuesday 14 February 2017

Platform Change (Part 2)

I am seriously looking in moving some indicators over to MT4 now. I think it will do what I need to do, and seems like best solution all around. I'm investigating the programming language, and seeing how that will cope with my indicators' requirements.

I won't port all of my indicators to MT4; some are not applicable or can not be coded, some are not needed, others might not be worth the effort if existing MT4 are readily available.

Some initial candidates for converting to MT4:
  • Session Lines
    • Since it is a relatively straight-forward concept, although I think it will need to be split into 2 or 3 MT4 indicators due to limits on output streams
  • Currency Index / Currency Strength
    • This one uses quite a few "advanced" programming techniques and so will be a good learning activity, as well as being one of my most popular indicators
  • Line Sync
    • Has been requested, and also I am not sure whether anything similar exists for MT4
  • Supply / Demand
    • Another popular indicator, and although there are other similar indicators, none of them are quite like my own
  • Candle Profile or Composite Profile
    • Not sure which one yet, they are actually fairly similar internally

I think that will do for now. With these converted, that should be a very valuable learning experience, and hopefully the rest can follow along similar lines.
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Sunday 12 February 2017

Platform Change (Part 1)

Over the last few years, I've been developing indicators, strategies and tools based on FXCM's proprietary trading platforms (TradingStation and MarketScope). As many of you will be aware, FXCM will no longer be operating in the US, and US accounts are being closed / transferred to another broker.

As far as I know, FXCM will continue to operate in non-US regions. However, clearly this is a significant shift, and due to the proprietary nature of TradingStation and MarketScope platforms, I have decided to investigate diversifying my product range on to other platforms.

Candidates so far:

Currently, MetaTrader seems like the most widely available platform, and I have often been asked for MT4 versions of many of my indicators in the past. So, it does seem an obvious choice. However, I'm still looking at the options.

Whichever platform I decide to migrate to, it will be a fairly slow and gradual process.

Of course, I will continue to provide and support the TradingStation / MarketScope products, many of which are also on the FXCM Apps site too.
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