Ray Robot II™ has been automatically spreadbetting on four different accounts for 3 days now, two of which are live accounts with real money in them, and two of which are solely for demonstration purposes. The trades themselves have been fairly uneventful so far, although I'm sure much more excitement is waiting just around the corner! Today the live and demo accounts at both GKFX and Alpari UK all suffered their third 10 pip loss in a row. They all shorted GBP/USD just below the previous day's low yet again, and they all lost once more. Some sort of a pattern does seem to be developing however. Just like yesterday, it took longer for Ray's stop loss to get taken out at GKFX than it did at Alpari UK. 6 minutes at GKFX versus 5 mins at Alpari UK on this morning's trade.
More on Our MetaTrader 4 Spread Betting Live Test Suffers Some Delays
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It's been in the pipeline for a long time now, but the Trading Gurus are now happy to announce that Ray the Random Robot™ has finally been ported to TradeStation's EasyLanguage. Ultimately this decision was prompted as much by the announcement of MultiCharts at LMAX, as by the prior arrival of TradeStation Forex and "TS for FX for free". Whilst EasyLanguage has been around for a long time and is in some respects the "industry standard", it's never before been readily useable by newcomers to automated trading with a limited amount of capital. Although it's still officially in beta testing, LMAX MultiCharts does promise to change that aspect of things for the better, as long as you're not a United States citizen! If you are a US citizen then I'm sure TradeStation FX will be happy to discuss opening an account with you!
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LMAX have finally overcame some inital teething troubles with their recently revamped historical data feed, and earlier today I was finally able to fire up my copy of LMAX's flavour of the MultiCharts platform. for the very first time. Here's the first thing that met my eyes:
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If you've been a retail FX trader for a while, and you've got a sneaky suspicion somewhere in your subconscious (SSSS for short) that MetaTrader 4 is possibly not the best tool for the job of "FX trading for a living" then the headline above should already have caused you to have taken your eyes off your multiple screens because you've fallen off your swivel chair with the excitement of it all. This is how LMAX "soft launched" the Multicharts platform for their multi-lateral trading facility (MTF for short) last week:
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AlgoTrader today announced a new open source algorithmic trading platform. AlgoTrader is an automated trading system that can trade any type of security on any market available through Interactive Brokers and/or the FIX protocol (real soon now!). All aspects of trading such as obtaining market data, analyzing prices, taking trade decisions, placing orders & tracking executions can be automated. The new platform uses the Esper complex event processing engine, and is based on Java SE 6.0, Spring, and a Model Driven Architecture.
More on AlgoTrader Announce a New Open Source Algorithmic Trading Platform
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Yesterday we took our first look at the beta version of OANDA MetaTrader 4, and did a little bit of experimental trading. Today we're going to go behind the scenes and take a look at what OANDA's fxTrade platform makes of those same trades, as well as highlighting some important differences between the two platforms.
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In an announcement on their FXMessage forum forex broker OANDA revealed yesterday that:
You will soon be able to access OANDA’s tight spreads from MT4’s popular graphing, automation, customization, and community-based features.
Here at the Trading Gurus we've been beta testing OANDA's MetaTrader 4 implementation for a while, since amongst other things this announcement opens up the prospect of automated forex trading at OANDA without having to pay their current API fees. Here's our brief overview of what you can look forward to if you're a MetaTrader 4 user wondering if OANDA's "tight spreads" are worth looking at in more detail, or if you're currently an fxTrade user wondering what the recent MetaTrader fuss is all about.
More on OANDA Announce the "Imminent" Arrival of MetaTrader 4
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Yesterday I spoke with both Robin Osmond and Martyn Holman, CEO and COO respectively of LMAX, about the launch earlier this week of LMAX Trader and their future plans for both the LMAX multilateral trading facility and the LMAX Trader retail trading platform.
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Now that yesterday's excitement has died down a bit I had a chance this morning to chat to LMAX in greater detail about their new retail trading platform, recently christened LMAX Trader.
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Following on from last week's announcement of their deal with Alpari (US), I spoke yesterday with James Friedman, who is Chief Operating Officer of FX Bridge Technologies Corporation. Our talk was largely concerned with how FX Bridge got to where they are today, that deal with Alpari, and the future for OTC FX options in general, and FX Bridge in particular.
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