hyperdimension

steve has mentioned that if you got "Profiting in Forex" you can skip these video course, as they r both categorized under same education level.

 

of course it is always welcome if somebody willing to share with us :)

"Profiting in Forex" is only 3 DVDs, whereas "Candle Charting Essentials and Beyond" is 8 DVDs, so would have a lot more content.

 

So does anyone know if there a torrent available for "Candle Charting Essentials and Beyond" (volumes 1 and 2 of the Candlecharts.com Educational Series)?

 

I recently finished downloading via Bittorrent "Candlesticks Re-Ignited" (volumes 3 and 4 of the Candlecharts.com Educational Series), and although it's a large package (5.25GB), it went very smoothly: http://indo-investasi.com/showthread.php/4075-Steve-Nison-Candlestick-Re-Ignited?p=59517&viewfull=1#post59517

 

So I'm now looking for volumes 1 and 2. Thanks in advance.

Ok I let my uploads go up to 3.01 GB before I finally stopped it so that I can move the files onto blank DVDs.

 

This "Reignited" course is volumes 3 and 4 of the of the Candlecharts.com Educational Series. Does anyone know if volumes 1 and 2 ("Candle Charting Essentials & Beyond") are available anywhere? It was requested (but not yet fulfilled) in this thread: http://indo-investasi.com/showthread.php/4385-REQ-Steve-Nison-Candle-Charting-Essentials-amp-Beyond

I finished downloading this a week ago but put it on forced seeding to help others.

I've been running quite low on disk space, so plan to stop seeding when it hits 2.6GB, which is half of the total size of the share. I'm already up to 2.45GB:

http://i25.tinypic.com/2e1dbwx.gif

 

Thank you very much to those who shared this one.

If by hedging you mean buying the same contracts a client sells and Sell the Same contracts a clients buys on the same currency pair. Then I dont think we would be on the same page.

Your understanding of the term "hedging" is incorrect.

 

When a client Buys 1 lot of EUR/USD from you, from that transaction you effectively become short Euros and and long US dollars. i.e. you are exposed in the market, and any movements in the EUR/USD rate will cause either a loss or gain in your own money. If you did not want to be short EUR/USD, then you need to hedge by buying 1 lot of EUR/USD at your liquidity provider. In the STP or ECN execution model, this process is automated.

 

In the aggregated hedging model, you'd have to sum all open longs and shorts for every currency that you offer to clients to get your net exposure for each currency. If you are highly short Euros and highly long Australian dollars, then to neutralize that exposure, you might want to buy EUR/AUD at your liquidity provider.

 

I think you need to do a bit of reading up on brokers, prime brokers, ECNs, and the interbank currency markets to get a much clearer understanding of how the industry and the various players operate and make money.

Oh, very sorry... Now I see what you're talking about, and started to make sense.

 

I think I will leave the hedging part to the liquidity provider and I will make sure to mention on my website that we never hedge against our clients. Maybe that would give us some credibility? Since we show no interest in hunting clients down?

I think you are a bit confused.

 

You, as a broker, need to decide what you want to do with the exposure. I assume that you know what "exposure" means. If you pass off every client trade to a liquidity provider (as in STP or ECN execution), then you would be 100% hedged all the time.

 

If you hedge exposure on an ad-hoc basis, i.e. only when you think you should (based on price movements), then you would not be 100% hedged all the time, as you would have long exposure in some currencies and short exposure in others and it will constantly be changing depending on the trading activity of your clients throughout the day. From your posts, I think this is what you want, and I've outlined the challenges you face if you do this.

 

If you don't hedge at all, you would not have any need for any liquidity provider. You profit when a client wins, and lose when a client profits. The disadvantages of this is common knowledge.

No, there is no such thing as hedging against the client in Forex. This may apply in stocks or other Markets but not Forex.

Then what goes on in the pure STP or ECN execution model in which every order is passed onto a liquidity provider? That certainly is hedging, so I'm not sure why you say "there is no such thing as hedging against the client in Forex". Other brokers, instead of passing off every single order to a third party, they may hedge based on their aggregate exposure (across their entire client base), i.e. in big blocks, as I explained in my previous message. If you don't hedge exposure in any way at all, you would be a pure bucket shop market maker broker, in which case you always profit from client's losses.

brokers are not supposed to lose or win when the client gets a profitable or losing trade. Unless its a scam broker which hooks people up with a bogus account.

My current understanding is that you don't want to hedge every single clients' order as done in STP or ECN execution, but you would hedge net aggregated exposure. Then you have to decide when and how to hedge the aggregated exposure. This implies speculation, which then means you need to be a profitable trader (or hire consistently profitable traders) to know the right moments to hedge the net exposure of all clients open trades. Just like normal trading, sometimes you'd lose, sometimes you'd win with a hedge or absence of hedge, so there is risk involved, especially as trading strategies can weaken or die as time goes by. You also have the additional problem of net aggregated exposure constantly changing, especially due to big scalpers, which can make the hedge trading much more difficult.

I am budgeting 20 Mil Dollars for this, which I think is more than enough.

Do you already have the 20M?

 

If you don't hedge exposure into the real market, what would happen if there are big profitable traders? e.g. someone who might make 1M per month? How would you pay the profits that are due to them?

If someone wants to make an accurate backtest it needs to be converted to Tradestation, Neoticker, Ninja etc. Those platforms perform correct tick by tick backtesting.

What's really needed is real tick data.

This is similar to Vector trader which after 100 pages on RU trader forum turned out to be junk.

We've had that kind of thing here before too - ISEA, FX Genius.

This EA can't be backtested due to the strategy

Yes it can.

Ouch!

http://i28.tinypic.com/b3qtyx.gif

It's another one of those EAs that piles on new trades as price goes against it and keeps holding onto them until one day the price goes back into favor, which could take months or never. The open drawdown can stay or keep growing indefinitely.

 

Some of these types of EAs keep a fixed trade size for new trades that it piles on, others, like this Supper Avenger EA, increase the trade size, which is a lot riskier.

Backtest is useless since MT4 does not store real ticks and only sees ticks as M1 data.

If you have real tick data from a broker there are ways to backtest over it in MetaTrader, as I'm sure you would already know. It just takes many times the effort than usual.

that's one of the reasons that the EA can't be reliable backtested...regardless of the data qualitiy...because the backtester would deliver the ticks too fast

Each historical tick has a tick time. The backtester uses the historical tick times, not the current time on the computer.

 

I'm testing this EA with real tick data form Dukascopy and with variable spread. All parameters are default except I set LotsOptimized = false.

 

I've now stopped the test for obvious reasons:

http://stashbox.org/952410/StrategyTester_WOC.0.1.4_EURUSD_M5_Dukascopy%20ticks_Spread%3DVariable_Commission%3D4_LotsOptimized%3D0_2008.09.04to2009.03.06.gif

I think it's 35K Russian Roubles, which is around 1K USD. For 35K USD I think I'd expect to get a trading system that Goldman Sachs uses themselves to trade billions.

running a backtest and so far looks like one of the safer martingales i have seen with news filtering fully functional.

How does it filter news in backtests? Is there a data file of historical news dates that it checks?

In fact it's not martingale at all, only doubles the lots with every wrong trade.

That is Martingale trade sizing. I think you mean it doesn't have multiple open simultaneous trades like grid EAs, but regardless of whether it holds multiple open simultaneous trades, increasing trade size is Martingale trade sizing.

That's a funny name ("Supper Avenger"). "Supper" is a meal eaten during the late evening. So does this EA take trades during the late evening? Or was someone not able to spell "super" properly?

Stop spamming your web site.

hello members , Steve Nison - Candlestick Re-Ignited This is a large download (5.25 GB) which i find torrent sites

 

Code:

[url]http://www.h33t.com/details.php?id=1e551a2ae50b8328cde68ab7f7a81110f4d25539&hl=%2Bsteve+%2Bnison[/url]

I started downloading this one, and can see 10 seeds and 14 peers.

Thank you to those who leave it seeded after finishing downloading.

I used to trade with them and often experienced consistent slippage, and it really felt like they intentionally slipped my orders. i.e. they advertise one price but they actually fill you at a worse price. When I say "consistent", I mean the slippage was exactly the same for multiple orders that I submitted one after the other. I programmed my script to calculate the slippage and print it to the log file, so I know.

 

Also, in live chat, they stated that if there are large spikes in the price feed then they will not compensate.

 

I've left them and do not intend to trade through them again.

Is that your web site and do you earn commission from these brokers?

I read the document. It sounds like bullshit.

I used eCardOne recently to buy 3K USD of Liberty Reserve currency, and due to bank fees, eCardOne's own fees, and Liberty Reserve's fees, ended up getting around 70 USD less than that into my Liberty Reserve account.

The registration process can take a week or so if you are a first time customer. They have strict security policies.

I can program an EA if some1 gives me the exact logic behind the trading of this indi.

I have been testing it with rules of myself with not much profit (i dont mean I dont trust this indi, i just say the strategy I used was not profitable)

I think if a simple EA that is made using a single indicator is not profitable in backtests and/or live trading, then the indicator itself should be deemed unprofitable and therefore useless.