Hello,
Nice to hear from you again. And of course I’m please that you’re at least TRYING to use Delta Trading. Unfortunately it IS a bit ‘daunting’ at first glance but that’s what I’m here for i.e. to assist. Put another way: I’ve never come across a client that after putting in some at least SOME effort learning how to use Delta Trade that has gone BACK to MetaTrader or another trading platform. There’s just too many features available that are not available (well not without buying 'add ons or ‘add ins’) in, say, MetaTrader. And to be honest: I believe this to be true with almost ALL proprietary platforms.
As far as deposting (funding) a live account: that’s iimmediate if a credit card or debit card is used (or MoneyBookers but their fees as a little high in my opinion). Bank Wire Transfers take a bit longer (but in my experience the delays have more to do with the banking system than the broker). Ironically though: withdrawals by Bank Wire Transfer never take more than one or two days to ‘show up’ at your bank (except here in South Africa the banks tend to ‘sit’ on YOUR money for as long as they can unless you call them up and instruct them to exchange the USD to ZAR RIGHT NOW and put it in your account) whereas credit and debit cards take LONGER (I’ve had to, on occasion, wait up tp seven days) but again I know from experience that’s more of a VISA / MasterCard ‘issue’ than Deltastock’s. To be honest: KNOWING that you have to wait for your withdrawals is not a BAD thing i.e. it forces you to ask yourself ‘do I REALLY need to withdraw that money NOW given that I’m going to have to wait a day or two for it’ (if that makes any sense). It’s the same as having cash in you wallet as opposed to going to have to FIRST go and withdraw cash from an ATM i.e. do I REALLY need to go and do all of that NOW or can I make another ‘plan’ (possibly a silly example but I hope it gets my point across).
I have to say one thing though: it is REALLY odd to me that you’re profitable with one broker and not at another. That being said: it SHOULD ONLY depend on the timeframe you’re using i.e. on the 1 hour timeframe and shorter your results should THEORETICALLY be no different (or very slight anyway). On the 4 hour and daily timeframes it has been proved that the timezone that the broker is in and at what time they close their 4 hour and daily charts DOES make a MATERIAL difference to a technical trading system (I think I mentioned this before but if not: some of us did some testing a while back with MetaTrader at the SAME broker AND at different brokers but using the exact same EA in MataTrader’s Strategy Tester with the same data period and ALL THREE of us got different results no matter HOW many times the tests were run and that’s very worrying to me).
I’m pleased also that you’re doing a good bit of ‘leg work’ but don’t get TOO ‘caught up’ with the reading material that’s available on my forums. For one thing: Wilder’s book is certainly no ‘easy read’ i.e. it’s one of those books where EVERY SINGLE LITTLE SENTENCE means something and it’s quite easy to miss or overlook important detail. You’ll also find (if you MANUALLY, using Excel for example, try to replicate his ‘worksheets’) that sometimes there are errors on HIS worksheets (trust me: MORE than just a few traders around here and on my forums have gotten confused by the differences). Alright: the differences don’t have any material effect on the trading systems themselves but they do serve to confuse sometimes. But if there is one thing you can be sure of: I’ve tested my coded versions of those trading systems probably about 100 times AT LEAST and compared them to his worksheets and, those small differences, now and then, aside, they’re 100% ‘on the mark’. All I’m saying is that the trading systems (well the Swing Index System, Parabolic SAR, and the Volatility System have already been ‘coded’ for Delta Trading so don’t get too ‘hung up’ on the calculations because it can, and will, drive you ‘dotty’ (I KNOW)!!! LOL!!! Remember of course (regarding Wilder’s ‘errors’ in his worksheets): he didn’t have live realtime charts to work with like we do!!! You’ll not that he mentions somwhere that he used to get his charts ‘delivered’ once a week on a Monday morning (if memory serves me correctly) and ‘plotted’ his systems with a pencil and calculator so a slight error here and there is probably unavoidable!!!
But of course: there are other trading systems in his book as well as in the others that are also darn good it would seem. I just present the ones that I trade and that as a complete ‘set’ or ‘bundle’ tend to always catch a (nice) move (some later than earlier of course). But that’s not to say that the other trading systems in those books don’t have merit (especially those presented in ‘Street Smarts’ and the book by Kathy Lien and Boris Sclossberg i.e. ‘High Probability Trading Setups for the Currency Market’ although I DO believe they have WAY more merit for trading equities and commodities than they do for trading FOREX but that of course is subjective and my personal opinion BUT based on, my own anyway, experience). And of course: there are DOZENS if not THOUSANDS of different technical trading systems out there, developed by what I call ‘market masters’, that have merit (I a big Larry Williams ‘fan’ to be honest and have is books too) but of course the more trading systems you ‘add to the mix’ the more complicated things become (and it many cases different trading systems will give different and opposing signals which of course is confusing at VERY least). For the most part: my trading systems, as detailed, or as ‘chosen’, tend to give the same or very similar signals at any given point in time and that’s why I believe I created a ‘quite decent’ ‘package’ overall. Just be sure to take cognisance of my ‘modifications and notes’ is all. You don’t HAVE to implement them but again, based on my own experience, all authors on the subject tend to ‘cherry pick’ the ‘perfect example trade’ to demonstrate the effectiveness of their trading system (and I’m afraid and rather dissapointed to say that EVEN Wilder is ‘guilty’ of this although to a much lesser degree). A ‘primo’ example is that RSI Rollercoaster system. It takes a LOT of momentum and strength to move RSI from one extreme to the other especially in a trending market so if you don’t trail profitable protective stops as I’ve noted then more often than not you break even on the trades which, to me anyway, even although you’ve not LOST money, is a kind of ‘empty victory’ ESPECIALLY if the trade has been going for days, sometimes weeks, at some point moved into a HUGE profit, and then breaks even (and of course remember that in all probability you’re not REALLY breaking even either because you’re probably going to be paying interest / swap on the position).
Anyway: it’s all ‘there’ for you. All you really have to do is have a bit of a ‘cursory read’ of the books but you theoretically should be able to start trading profitably from the ‘get go’. That’s the idea and point of my forums anyway i.e. to ‘get to the point’ and not discuss or test ‘the latest and greatest’ trading system or compare brokers and stuff like that. The idea is: ‘here’s the broker, here’s the systems, here’s the ‘indicators’ for the systems, here’s my help if you need it, just trade’. If I had just $1 USD for every thread started here and on other forums / websites along the lines of ‘which is the most profitable trading system’ or ‘which broker is best’ or ‘check out my holy grail trading system’ I reckon I’d be a USD millionaire without even having to open a trading plaform!!! LOL!!!
And of course (and as I may have in some way noted above): they’re not THE ONLY trading systems in the world. There’s probably better ones out there that will make more money in a shorter space of time. But that ‘methodology’ has never worked for ME but of course it’s not to say that it won’t work for you or anybody else. Put another way: at least (I believe) you can trade those systems profitably while making some money slowly and, given that most of them are ‘low maintenance’, you can spend some time looking for something else that MAY suit you and your needs and your personality more. Me, for better or for worse, believe NOW that this business is not a means of making a ‘fast buck’. In my experience the ‘fast buck’ dissapears just as ‘fast’. But that’s just me of course. I’m sure there are scalpers around here that make thousands by trading huge lots and shooting for only a very few points (pips) (as would a floor trader for example). I don’t have the ‘knack’ for that type of trading is all (not the mention the fact that I now have a lot of other ‘administrative duties’ to perform during the day so I cannot sit and stare at a five minute chart all day waiting for a setup which is something you too need to consider depending on your situation of course).
But any problems whatsoever: I’m here or ‘over there’!!! LOL!!!
Regards,
Dale.
