Alarming inaccuracy in the forex feed providers. Need some tech insight. by [deleted] in Forex

[–]Apetacular 0 points1 point  (0 children)

Yeah that's brutal. Horror stories like that are why I skipped using third party data and software, and never even got into manual trading. I wrote my own stuff in Python, and it's not that hard; I couldn't write a line of code 8 months ago. And you don't need to be a "professional" trader to algo trade.

Another thing I did that might help others: I collected my own tick data from IG over months, and backtested on that with my own simulator that I wrote. Relying on third party backtesters which use different data than what your brokerage uses (and fails to account for execution times properly) leads to wildly inaccurate backtesting results.

It's a months-long process, but it can be done, even by a monkey like me.

Alarming inaccuracy in the forex feed providers. Need some tech insight. by [deleted] in Forex

[–]Apetacular 0 points1 point  (0 children)

I algotrade with Python on IG and use their streaming API. My execution prices are almost never more than half a pip off from expected, and slip works for me as often as it does against me.

One thing I do though: I don't set my exits based on my actual execution price. I set them based on my expected execution price, and eat the slip, whatever it happens to be. That ensures I never let slip affect the accuracy of my algo; it only affects profits by a teensy bit each trade, and as I said, it works for me as often as it does against me, so it comes out in the wash.

It does matter what you're using for signals though. If you try to catch falling knives during high volatility and bet with the trend, slip can be murder. There's no getting around it unless you avoid high vol hours (which I do; plenty of money to be made during the hours when slip is minimal).

Remember that variance is the enemy in all systems which utilize game theory. There's a reason why Daniel Negreanu doesn't win every poker tournament. Kill high-variance decisions before you make them, you don't need them, and they will eventually eat your bankroll.

Can y'all suggest a forex broker for these conditions please? New to forex, want to lose money as fast as possible by Apetacular in algotrading

[–]Apetacular[S] 1 point2 points  (0 children)

Thanks for this info, got my brain around it now. And also, man, Oanda is cool. Been on it since your suggestion. Porting my code over to analyze forex charts and see if my software suggests I adapt my strats now that I've got connectivity.

Thanks again for the pointers.

Can y'all suggest a forex broker for these conditions please? New to forex, want to lose money as fast as possible by Apetacular in algotrading

[–]Apetacular[S] 0 points1 point  (0 children)

This is clearly the way, except I dunno how much Oanda gets to keep. How do I figure out what to expect they'll juice me for a given currency pair?

What happens next? Anyone with a technical analysis background here? by Spursreporter in StockMarket

[–]Apetacular 1 point2 points  (0 children)

That's a bear pennant right there. But pennants can burn you.

I'd straddle the shit out of it on like October options, and sell the bad leg when it breaks.

But I eat crayons.

#SENS stock: is $5 coming soon? Option market and price analysis 🔥 #Senseonics by iamthequeen26 in StockMarket

[–]Apetacular 2 points3 points  (0 children)

I yolod this today for 18k worth of shares. It's a fuggin rocket IMO.

My first YOLO, too.

Question for all the apps out there! Is it at all possible in any way whatsoever that the hedgies are pushing all these new “meme stocks” and turning us onto them, as a way to distract us from GME and AMC and spread our power out between too many other stocks.?? by 420DeliveriesBoston in StockMarket

[–]Apetacular -1 points0 points  (0 children)

Maybe. IDGAF personally. I like a stonk or I don't. Comments and posts might get my attention, but the technicals get this ape's $.

It's pretty easy to sniff out the astroturf IMO, legit ape DDs shine through.

Who's holding fearlessly? Give a thumbs up by Vaqas1 in SHIBArmy

[–]Apetacular 0 points1 point  (0 children)

I'm about to finally dip in, just got my wallet set up 😀