Only a little, I think. It certainly shouldn’t be so different as to make the method unprofitable rather than profitable.
Another possibility might be to try a 6-period [I]exponential[/I] or [I]weighted[/I] MA as the “faster” line and a 6-period [I]simple[/I] MA as the “slower” one. I haven’t actually tried it, but I’d think that would also be pretty similar?
Yeah like I said its not abig deal I can just use a different moving average but was wondering why you cant shift the moving average. I didnt think about the alligator though when the system comes back online tomorrow I will give it a shot and update my desktop version at home so I can use the simulation mode. I am not a scalper so coming up with a scalping method should be interesting lol
Thanks for the clarification and suggestion, Manxx
Related to Manxx’s suggestion of using a custom indicator, I search on FxCodeBase.com and found a couple of apps you can use to shift indicators including moving averages:
I knew you could do it man never any doubt. I even tried the simulation mode and it works pretty well. I learned the way I have my platform setup is not scalper friendly lol. I also noticed when entering a trade on simulation mode there is no where to place stops or take profits. It could just be the I didnt find it as I didnt spend a lot of time on it but really cool either way. I am sure it will come in handy
Thanks, Jason, for the notice! I tried the Simulator and it is very useful!
The fact that you can replay actual market movements at fast-forward and then manually pause it to enter and exit trades according to one’s trading strategy, and see the effects on the simulation’s P/L is brilliant! Not only is it great for testing strategies, but it is a superb way of learning to trade “hands-on” - similar to a demo account but with up to 10x the speed, which means one can rerun the same periods over and over whilst optimising a strategy.
…and brilliant that these can be run over the weekend whilst markets are closed and there is time to concentrate of checking and developing one’s strategies - thank you FXCM for this!
It would be nice if FXCM could also offer some better templates for setting up parameters for automated backtesting on the Simulator as well. The available ones at present seem quite basic - or have I simply not found them?
Thank you both for your feedback on the new Simulation Mode on Trading Station! I’m sharing it with our developers and will let you know their response to your comments and questions.
With the recent Trading Station Desktop update, you can now draw arrows on your Marketscope charts.
(To update your platform to the latest version, go to “Help > Software Updates” from the menu bar.)
To create an arrow:
[ol]
[li]Right-click on your chart.
[/li][li]Select Add Tool from the pop-up menu.
[/li][li]Select Arrow Up, Down, Left or Right.
[/li][li]Customize your arrow color and other setings in the Properties window and click OK.
[/li][/ol]
[ul]
[li]You can change the shape of an arrow by first left-clicking on it to select it, and then left-clicking and dragging on one of the 4 points that appears in the outline.
[/li][li]You can modify or delete an arrow by right-clicking on it and selecting Change or Remove from the pop-up menu.
[/li][/ul]
Please let me know if you have any questions or comments on the new features added to Trading Station Desktop.
Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.
You can set stops and limits in Simulation Mode just as you can in real time. Since you live in the US, your account must set stops and limits in a FIFO-compliant manner. That means you can net stops and limits (as opposed to attaching stops and limits to individual tickets as you can with FXCM UK accounts) and these will appear in the Orders window.
Hmmm I will try again tomorrow but when I right clicked on my chart selected create market order there was no option for stops on limts. I understand the fifo rule and that would not of made a difference. Might hav been user error so I will check again
Is there a way to get an older version of the Trading Station software? Unfortunately when I updated this morning and opened my charts, the program continually crashed. I found out (or at least it appears) its due to Renko charts. I use that primarily for trading and now am kind of dead in the water.
I checked with our tech support team, and they haven’t heard of anyone else having issues viewing Renko charts on the latest version of Trading Station Desktop. I tested this chart view on my computer just now and was able to load it as shown below:
Try starting with the default chart layout. In the menu bar at top right of your Marketscope charts window, go to Layouts > Default Layout. If that loads for you without crashing, then to to File > Create View to load a new Renko chart.
If you still have difficulty, please send me a private message with your contact details and the best time for our tech support team to give you a follow up call. Then we can investigate this problem for you in more detail.
Actually I received an email from someone at FXCM last night and sent me some instructions. Afterwards it all worked again! I think what was locking it up was the combo of Renko with an indicator like an EMA on top of it. Either way it works again and am happy ) Looking forward to trying out the simulation mode!
I’m glad my colleague was able to help you resolve that issue! And yes, please let me know what you think of the new features we added to Trading Station Desktop.
Please note there is a [B]holiday in the US on Monday, September 5th for Labor Day[/B].
[ul][li]You can see our holiday trading hours for CFD’s here: What are the CFD Holiday Hours?
[/li][*]Forex trading hours remain unchanged, and you can view the holiday rollover interest (swap) schedule here: Forex Rollover Calendar[/ul]
I am trying to use the Simulation Mode to backtest a daily strategy, is there anyway I can skip a whole daily bar at a time at the click of the mouse, rather than having to wait for it to completely form?