With the DJI spread currently at 9.6 (against normal 1.6) how can I / we code into our Systems so that we do not execute trades when Spread is > Normal for a given time period?
I will have a go, but I’m sure it will be a big task for me, but easy for the Coding Wizards?? 🙂
Any help greatly appreciated!
Its not accessible from the pro real time environment. I beleive it has been asked before. I saw it since it worked with MT4 before and all software always have this coded in.
PaulParticipant
Master
fifi had something in his code like. Could this be usefull?
spread=abs(OPEN-CLOSE)
coeff=spread/highest[200](spread)*100
My thoughts are that if we do a dummy buy and sell then buy price – sell price = spread?
I’ve got ideas but can’t turn them into code! 🙂
Wouldn’t your first idea work?
c1 = (buyprice-sellprice)<3
and then add it to entry conditions? No idea if buyprice is a recognisable term. Maybe Bid/Ask ??
Hmm, scratch that thought. I just tried it, doesn’t work.
My thoughts are that if we do a dummy buy and sell then buy price – sell price = spread?
I’ve got ideas but can’t turn them into code! 🙂
The problem is that an instant buy and then a sell is not instant. It takes at least a 1 second bar to achieve this and price will move in that second so you can only record spread +/- price movement.
It takes at least a 1 second
Have you experimented … maybe even using the Tick Timeframe?
maybe even using the Tick Timeframe
No good anyway as Tick TF is greyed out for Auto Trading … see attached.
Spread on the DJI is 26.6 now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This is flippin ridiculaous … are IG going bust and this is a latch ditch attempt to keep their head above water!!!???
This is going to make us too scared now to trade at all?????????????????
Perhaps crazy markets and staff shortages due to the coronavirus have left the brokers rather vulnerable and their systems seriously stress tested. No trading is better for their bottom line in such a situation I guess.
Ironically I put some of my peer2peer money in an account that was meant to be instant access so that in times like this I could quickly move it out to safety and the first thing that the P2P company did was stop withdrawals from the instant access account! I can still drip feed money out of the longer term accounts so I would have done better to put it there and got a better rate of return too! It is an example of how when things are not normal we should expect the unexpected.
Perhaps crazy markets
I felt that markets were more normal-sh today … as in following more normal Elliott Wave type action on the way up and down and so changes in trend could be a bit more easily predicted.
I was at one point today thinking of starting up my Live PRT Platform (been disabled for nearly 2 years) then all h*ll broke loose and my Demo Portfolio went down by loads … I hadn’t even noticed the wide spreads and was running a lot of 1 second Systems!! 🙂
I feel like giving up now with these wild spreads … once they’ve done it, they likely will continue so normal market hours will have wild spreads for ever now!?
I guess market forces over time will level it back out again … one day someday !?
PS sorry about your money btw.
Fresh caught fish now for every meal is it? 🙂
once they’ve done it, they likely will continue
I’ll put the best construction on it … maybe as you say Vonasi … they have had Corona cases in the office and so nearly all staff had to go home and widening the spread is the only way then can control it all, apart from full shutdown??
But a warning explanatory email / text / notification would help us all to understand better (and not lose money!) ?
Dear grahal, if you managed to wait 2 years, right now it costs you nothing to wait a few more days/weeks or at least the time for everything to return to normal,
The crazy volatility and absurd spreads still have to be with us in my opinion, please stay safe.
Simple question: if we could know the spread amount in real time, wouldn’t you mind that this historical value is not available in backtesting?
