Discussion of article "Extract profit down to the last pip" - page 7
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Bravo, Garibaldian!
I must admit I underestimated you and didn't read the article. I thought it was rubbish, not an article.....
Sorry.
I don't know the motives behind this statement.
Maybe you were trying to put down, maybe to compliment, maybe to make a joke, maybe to pat condescendingly pat your "junior comrade" on the shoulder....
But you just ended up publicly spoiling the air in a decent place.
Take my Foo.
It seems that the author experimentally found the work of some high-frequency bot, which constantly sits in the glass for a certain instrument and controls it. Therefore, during the periods when this bot is switched off, the author's Expert Advisor also starts to fail in terms of profit. This is indirectly confirmed by the fact that May turns out to be a failure, because "Sell in May and go away". August, as well as the second half of December and the beginning of January are traditionally such periods in stock trading. And Friday is statistically unfavourable for trading, and Monday is also unfavourable. Apparently, all this is reflected to some extent in the work of the very high-frequency trader.
The author is a good man, because by digging through huge arrays of tick history, he found out the regularities of other systems, which set the tone for certain currency pairs, and was able to adjust the algorithm of his Expert Advisor to the work of these systems.
The article goes on to find where to dig, without looking at off-price data. But such data can help a lot.
If you don't bother with selecting sources of quotes (and trading) by analysing tick data, as in the article. You can rely on third-party spread services.
It is not super-accurate, but it can more or less reasonably and quickly put sectarian scalpers in their place when discussing trading conditions.
I think it's not just about the spread. I have now switched to another brokerage centre. The average spread is the same, but the result is worse. Quotes are different. The liquidity is different, or something.
I think it's not just the spread. I have now switched to another brokerage centre. The average spread is the same, but the result is worse. Quotes are different. The liquidity is different, or something.
Spread mania is so popular because it is easy to understand. In fact, you should look at the potential profit. That's what I did in the article.
I can double the average spread in a custom symbol, and the TS will show the same result or better.
Similarly, I can reduce the average spread by half, and the TS will show the same result or worse.
I think it's not just the spread. I have now switched to another brokerage centre. The average spread is the same, but the result is worse. Quotes are different. The liquidity is different, or something.
I have talked to institutional forex traders. They connect MT4/5 for trading EAs (either buy or rent) via third-party brijs to their trading platforms. And they provide a commission level of 5-10 per million.
So if you scratch out a profit through low MO, you don't need to bury the TS right away.
Almost all brokers put markups on prices. This can be a hidden collection of money to the existing commission. Or just a replacement of the commission.
Setting the TS even with ticks in these situations is ambiguous. For example, if you trade on NoMarkup+Commisssion and Markup+NoCommission accounts with the same broker, then the TS settings should be completely different, because the prices do not coincide. But the source of prices is the same! So the inputs/outputs of the TS must coincide.
Therefore, I propose to introduce an input parameter in your TCs
Demarcate all prices (orders, market overview) at the TS input. At the output (orders) - mark back.
With this approach, the logic of the TS falls apart.
ZY The most convenient thing for the Tester is to create a demarcated custom symbol.