Any rookie question, so as not to clutter up the forum. Professionals, don't pass by. Nowhere without you - 6. - page 990
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Yes, I agree with you! But Russian affairs haven't bothered me for a long time, only still cause me resentment. But even here, in Europe, I thought forex was better! I am in GKFX, in Madrid, and there the quotes are downloaded from MQ, and their history is without M1! I also get the best quotes from them. I called them and asked what they do without M1 and I got the answer: who needs 1-minute quotes but they just slow me down and waste memory! I have not explained that I should use 1-minute lines in any case for the tester, to test M1 bars at the opening, even if I set it in the demo for other TFs. I have nothing to do there. That is why I have tried the Alps for now.
Globalization has completely broken the achievement of feudalism, agriculture, so that natural products are now a rarity and a luxury. Monopolies in all spheres impoverish the general population, almost leading to a state of slavery, but it's true that they don't kill on a whim. The recent elections have shown that one can still naively or convincingly hope that improvement is possible! As they say, time will tell! Good night!
Have you tried the local stock exchange? You've got a few around here: London, Frankfurt, Paris, Madrid. Anything interesting there? In a developed capitalism, going to the forex is not comical. We go to the Forex market because we either have no money, so we can rise from the penny and trade with nano-accounts, or because of underdeveloped stock exchange institutions. It must be better there. And isn't there a real (deliverable) currency exchange there? Why did you go to gambling forex?
If you do not feel comfortable discussing it publicly, we can go to private messages. Although, I think it will be useful for others to watch our discussion. Especially for newbies.
Have you tried the local stock exchange? You have a few around there: London, Frankfurt, Paris, Madrid. Anything interesting there? In developed capitalism, going to the forex isn't a good idea. We go to the Forex market because we either have no money, so we can rise from the penny and trade with nano-accounts, or because of underdeveloped stock exchange institutions. It must be better there. And isn't there a real (deliverable) currency exchange there? Why did you go to gambling forex?
If you're not comfortable discussing in public, we can switch to private messages. Although, I think it would be useful for others to observe our discussion. Especially for newcomers.
We are comfortable saying whatever you think! No one will take you for an enemy! What newcomers will read, it is better for them, and those who are interested in deception will only make their "bait" more sophisticated, they are not used to it!
I am not interested in the exchange because of its slowness, and I have to invest a lot, creating a portfolio, and it is inefficient and risky on a small amount! Once I had to enter a fund offered by a bank as a security deposit for a flat to rent, so I got 50€ for 9000€ frozen over six months, less than 0.5%! And options are like roulette, even worse than forex! Forex is as interesting to me as chess, albeit with unequal conditions for us! Maybe they will set strict rules to make it compulsory to put everything on the market, then it will be possible to compete.
We are comfortable saying whatever you think! No one will mistake you for the enemy! What newcomers will read is better for them, and those interested in fooling themselves will only make their "baiting" more sophisticated, they're used to it!
I am not interested in the exchange because of its slowness, and I have to invest a lot, creating a portfolio, and it is inefficient and risky on a small amount! Once I had to enter a fund offered by a bank as a security deposit to rent a flat and I got 50€ for 9000€ frozen in half a year, less than 0.5%! And options are like roulette, even worse than forex! Forex is as interesting to me as chess, albeit with unequal conditions for us! Maybe they will set strict rules to make it compulsory to put everything on the market, then it will be possible to compete.
It is not rational to invest in a fund, because they have their own interests, they twist other people's capital as it interests them. It's still good that they closed positions in the plus (zero). People make as much profit on the futures market as you can do on the forex market. Of course, it has its own specifics. But, if you have working technology, you can successfully, actively speculate in futures.
By "slow" did you mean - the profits are slow to accrue?
Every exchange has its own playing chips - they are very dynamic. Plus, you can understand the distinctive specifics of going into stocks that will give a gain of 30-100-200% in 1-2-3 days. Using a selection of stocks for every day (homework), it is possible to trade extremely dynamically even on common stocks. The most famous millionaires (billionaires) made their capitals just on stocks and futures - and they don't feel bad about it. Moreover - there are futures on currencies - it will be just as dynamic. In addition (you have missed the answer to this question) - in developed countries you can trade not a bookmaker's forex, but real currency - it is the same as here, but without ripping off the client. Yes, the margin ratios are different there, but that is just a feature that needs to be understood and used in a different way, and everything else is the same. Of course, you may need a bit more capital, but 10 euros or dollars should be enough to start with. But you get what you hope for - an honest market, where you speculate honestly on absolutely market conditions.
I personally started with the exchanges. I got into forex after the crisis of 2008, when the Russian stock exchanges had been experiencing problems with the government's fucking rules and the brokers were providing such a high quotation service that I was tired of having to restore my account because of technical failures. But even if I succeed at Forex for a short period of time I will definitely go back to exchange market, because there is no alternative to it.
For example, in Russia you can trade currency on the stock exchange. Now some brokers already provide direct access for clients to trade currency. Earlier all this business was boycotted because there is a natural outflow of clients from exchangers to exchange - it is not profitable for banks. But now it has returned to normal. But the minimum lot size is 100,000 roubles. To build up a speculative strategy, you have to have a decent amount of capital. But on the other hand, you get a totally betting real market, not a casino. You are trading for yourself, not for the interests of the casino owner.
I am sure that in the developed markets of Europe this is much better. You just need to get the hang of it: learn the ins and outs, decide on the platform. In addition - you will earn there legitimate (white) money, pay taxes on it, and you can easily spend the money. But forex still needs to be accounted for somehow, which is a problem in the Russian Federation; it may be easier there.
I have not found an answer to the question: "what is the stop level?"
The point is that in the MT4 terminal the "contract specification" is zero.
Program constructions like MarketInfo(Symbol(),MODE_STOPLEVEL); - also give zero.
But manual change of the order "modify or change order" allows us to set a stop only at some distance from the price.
I assume that this limitation will also be present in the programme.
How do I know at what distance from price a stop can be set?
Have you considered futures? - They are both fast and you have to invest less.
It is not rational to invest in a fund, because they have their own interests, they manipulate other people's capital as they see fit. It's a good thing they closed their positions in profit (zero). People make as much profit on the futures market as you can do on the forex market. Of course, it has its own specifics. But, if you have working technology, you can successfully, actively speculate in futures.
By "slow" did you mean - the profits are slow to accrue?
Every exchange has its own playing chips - they are very dynamic. Plus, you can understand the distinctive specifics of going into stocks that will give a gain of 30-100-200% in 1-2-3 days. Using a selection of stocks for every day (homework), you can trade extremely dynamically even on common stocks. The most famous millionaires (billionaires) made their capitals exactly on stocks and futures - and they don't feel bad about it. Moreover - there are futures on currencies - it will be just as dynamic. In addition (you have missed the answer to this question) - in developed countries you can trade not a bookmaker's forex, but real currency - it is the same as here, but without ripping off the client. Yes, the margin ratios are different there, but that is just a feature that needs to be understood and used in a different way, and everything else is the same. Of course, you may need a bit more capital, but 10 euros or dollars should be enough to start with. But you get what you hope for - an honest market, where you speculate honestly on absolutely market conditions.
I personally started with the exchanges. I got into forex after the crisis of 2008, when the Russian stock exchanges had some very bad rules and the brokers provided such a high quotation service that I had a hard time recovering my account because of technical failures. But even if I succeed at Forex for a short period of time I will definitely go back to exchange market, because there is no alternative to it.
For example, in Russia you can trade currency on the stock exchange. Now some brokers already provide direct access for clients to trade currency. Earlier all this business was boycotted because there is a natural outflow of clients from exchangers to exchange - it is not profitable for banks. But now it has returned to normal. But the minimum lot size is 100,000 roubles. To build up a speculative strategy, you have to have a decent amount of capital. But on the other hand, you get a totally betting real market, not a casino. You trade for yourself, not for the interests of the casino owner.
I am sure that in the developed European markets the situation is much better. You just need to master this business: to learn the features, to determine the platform. In addition - you will earn money there legally (white), pay taxes on it and safely spend this money. And for forex, you still have to account for it somehow - in the Russian Federation, that is a problem; it may be easier with you there.
I thank you for such a detailed and extensive review! I will answer, as has become my custom, from the end. I don't know about others with taxes, but I just declare what I earned and pay taxes. Some people say why, and then have fines. About "perfection" I don't know, but for the time being I would like to find something normal with market entry, but with autotrading on MT4, I am not interested in manual trading. All programs I calculate with initial 200-300 euros, only future can show about reasonability of greater investments. I think it is more reasonable to have few accounts from 200-300 euros than to have 1-2 large ones. Besides, I don't have free funds. Then, in 2008 I made a deposit in a bank as a matter of necessity, to guarantee my rent on time without any risk. I'll look for futures, and if I find one with MT4 I will definitely try it. Maybe I will disturb you in the New Year, congratulations and best wishes!
I have not found an answer to the question: "what is the stop level?"
The point is that in the MT4 terminal the "contract specification" is zero.
Program constructions like MarketInfo(Symbol(),MODE_STOPLEVEL); - also give zero.
But manual change of the order "modify or change order" allows us to set a stop only at some distance from the price.
I assume that this limitation will also be present in the programme.
How do I know at what distance from price a stop can be set?
I am grateful to you for such a detailed and comprehensive review! I will answer from the end, as has become customary with me. I don't know about other people's taxes, but with me it's simple, what I earn, I declare and pay taxes. Some people say why and then have fines. About "perfection" I don't know, but for the time being I would like to find something normal with market entry, but with autotrading on MT4, I am not interested in manual trading. All programs I calculate with initial 200-300 euros, only future can show about reasonability of greater investments. I think it is more reasonable to have few accounts from 200-300 euros than to have 1-2 large ones. Besides, I don't have free funds. Then, in 2008 I made a deposit in a bank as a matter of necessity, to guarantee my rent on time without any risk. I'll look for futures, and if I find one with MT4 I will definitely try it. Maybe I will disturb you in the New Year, congratulations and best wishes!
I don't think you will find it with mt4 because Metakvot has started the mt5 version just to enter the stock markets and they are actively developing it now. I assume that somewhere on their website they should have a list of brokers they work with. But even if your broker won't have mt4 or 5, people do the linking through the API of the broker's existing program. Sometimes you can write code directly in the broker's program - like mt4. Of course mt4/5 is the most convenient in this respect, this is one of the reasons why forex is widespread. In any case, there are as many robots in the stock market as there are in Forex, if not more. All it takes is the desire.
Thanks for the congratulations. Likewise, Happy Holidays! - Don't hesitate to call if you need anything.
I have not found an answer to the question: "what is the stop level?"
The point is that in the MT4 terminal the "contract specification" is zero.
Program constructions like MarketInfo(Symbol(),MODE_STOPLEVEL); - also give zero.
But manual change of the order "modify or change order" allows us to set a stop only at some distance from the price.
I assume there will be this restriction in the program as well.
How do I know how far away from the price a stop can be set?
You need to find out from the broker's account specification, website or word of mouth. For example, at Alpari it says: http://www.alpari.ru/ru/trading/trading_terms/ Limit & Stop Levels - From 0.5 spread; while in the specification, as you say, it says 0. You need to pay special attention to the word OT, i.e. 0.5 is not a fact, but can be any number starting from 0.5 or more... During volatility, this value increases many times, but you cannot trace it with the software, it is done on purpose, so that you will lose money instead of gaining. How you will take it into account - depends on the skill of the developer. Just keep in mind that if brokerage companies do not want to close a position, they will not close it anyway, even if the Stop-Level is zero. Or it will close the position at a very bad price - with a huge slippage, etc. Under the terms of the contract, a stop order can be executed at any price: either opening or closing.
The level of the Stop-Level can only be determined by experience. You try to set the price, where it will trigger, there is the end of the Stop-Level.
With mt4 you are unlikely to find one, because Metacquotes has started an mt5 version just to enter the stock markets and is now actively developing this topic. I assume that somewhere on their website they should have a list of brokers they work with. But even if your broker won't have mt4 or 5, people do the linking through the API of the broker's existing program. Sometimes you can write code directly in the broker's program - like mt4. Of course mt4/5 is the most convenient in this respect, this is one of the reasons why forex is widespread. In any case, there are as many robots in the stock market as in Forex, if not more. All it takes is the will to do it.
Thanks for the congratulations. Likewise, Happy Holidays! - Don't hesitate to contact me if you need anything.
I have not found an answer to the question: "what is the stop level?"
The point is that in the MT4 terminal the "contract specification" is zero.
Program constructions like MarketInfo(Symbol(),MODE_STOPLEVEL); - also give zero.
But manual change of the order "modify or change order" allows us to set a stop only at some distance from the price.
I assume that this limitation will also be present in the programme.
How do I know at what distance from price a stop can be set?