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AdamGG, thanks for your feedback. I'm trying to avoid other applications and additional website to visit. TOS has an average volume study that plots volume bars with a moving average line. They get it, but I have no idea why it's not elsewhere on the platform. Oh well, I'm sure they'll have someday...
Can you help answer these questions from other members on NexusFi?
I've read though the thread and I'm surprised not to see a word about Amibroker.
This is the most flexible and versatile platform I've used until now, the possibilities are limitless, the speed of the backtests is incredible.... this is a really good piece of software.
I've been contemplating trading stocks or ETFs instead of futures because I can scan through a bunch to find a better setup than waiting around for futures to align to something feasible. I assume this is what more experienced traders do. I'm intrigued by the number of opportunities, but I'd assume each one would have to be briefly researched before pulling the trigger.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Liquidity and leverage (a double edge sword) are the advantages of many futures. With ETFs you have to put up the whole amount or maybe some leverage. How much does your ETF move in a day or swing? A 20 cent move means you would need 1000 to make $200 (after costs). I am not against trading ETFs and it is probably a little safer than trading futures. Also consider that if you have a futures account, you may want to maintain a reasonable minimum amount in case its another MFGlobal keeping the bulk of your cash in another account - and here you can trade equities..... Futures have a bigger potential bang for your buck but at what risk??
My main problem with trading is waiting for the right criteria for a setup which can limit me usually to only a few trades a day with futures. Most of these trades are still a bit sketchy. However, If I had more choices I believe I could get a better accuracy given the same amount of time. I don't quite yet have 25 thousand to open an account, but I've seen some brokers outside of the USA who will allow a day trading account for less.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Mike I've been thinking about it. I'd use a simple long short strategy If I did decide to go that route. As you know, I'm a little shaded out about over night exposure as we've talked before about. But, from what most people say is it isn't too much of an issue most of the time. A lot of stocks move in tandem with each other on a daily basis and this might require me to look more into the fundamentals. I'll invest more time into this strategy and see if it pays off before I go live.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Understood. I don't recall our previous conversation, but yes holding overnight and over a weekend in equities can be more dangerous than doing so in futures, but both have risks.
Either way, we are off-topic You should start a new thread to discuss these things, or better yet - a journal. I am sure there are plenty of brilliant minds here that can share advice on how to minimize gaps when holding overnight by selectively building a smart portfolio of products to swing simultaneously.
I do understand there is no post here for a long time. I am a swing trader and trade price action in Forex (spot)
I have used the trial version of this software and must say it is rock solid and does my job easy in identifying setups and price action.
I don’t wait for a setup to form on one instrument so I spend a lot of time finding trends or S&R etc.
What are ur thoughts on it
(Please not it provided no signals and setups. But just scans based on user input
Link cannot be posted as i am new to this forum and need 5 posts
it is called nebadawndotcom
Chart Pattern Recognition Forex and Stock Screener Finds Chart Patterns Fast
Please have a look, as it has made my life easy and I plan to buy silver as I do not have a real time need.
I would also like to know if any one have used it before and i have no connention with company
