@chesterjohn, It’s very possible, you can trade latency arbitrage… Say Broker A has high latency from their server to your platform, and say Broker B or TradingView data you are studying is closer to real time (Interbank) pricing…
You can front run the price using the least latent price feed… Say EURUSD is 1.84651 on TradingView… And on you’re Platform its only 1.84622 and 10 seconds later your platform is also displaying 1.84651…
If this is displayed on a consistent basis you now have a latency arbitrage opportunity.
Most of the time this is covered off by the spread as the discrepancy is so small, but it does happen from time to time especially during high volatility…
Use to be very common once upon a time when the internet and computer technology wasn’t as efficient as it is today. If your Broker got wind that you were playing their game and latency trading against them, they’d shut your account in a heartbeat…
Edit: Because of the volatility of some of the CFD Crypto’s, there is still opportunities using this method.
I know the irony was strong with that one, but realistically, if you haven’t completed the course here, you shouldn’t really even be asking that question.
I pull my numbers from Trading View .com and Trading View gets their data from OANDA
I normally pull my numbers during the last 30 min of trading before the NY close, If it is a really slow day like today I may pull numbers earlier but I will tell you when that happens.
I have looked at other platforms and see little difference in prices and unless there is a news event price should move very little during the last 30 min of trading before the daily close
Finally a handful of pips or a few percentage points should not be controlling your trading. Today we have EUR and AUD just 4% apart for #8, with USD #1. both EURUSD and AUDUSD could be good trades if they meet your trade plan requirements
Hello Dennis,
I was going through some of your videos and i wanted to ask, the 8 mv you use in the daily chart as a proxy for 200 sma on 1 hr chart, is it ema or sma as well? what about 34 mv in the daily chart as a proxy for 200 sma on 4 hr chart, is it ema or sma?
This is what I wanted to add as well. I pull my data from TradingView and also use OAND but my data is still different. I’ve tried different things, different MA’s etc., but nada.
As long as you’re doing the same thing consistently each day then a few points don’t matter that much.
A high latency from their server to my platform would mean slippage? But I get the jist. I actually wrote out that you could do that, but I’d be amazed if it was profitable when the spread is taken into account.
One day, when I have enough time, I’ll write some software to try and analyse the opportunity. But doubt I have the internet connection or time to do that for a while
@chesterjohn, there is a lot more to it than what I have posted here including sliding funds around between accounts in a particular way to avoid detection from your Broker… I only offer up very limited IP these days… So, I’ll leave it there.
i do mine abit differently but i get the cad as the big opposed negative driver of flows last week with the gbp the secondary driver and the yen as a big mover so i will be watching if flows go into the yen and the pound next week from the cad complex.
On the Yen, perhaps we’re now in the limbo land were TA meets FA?.. pure TA presses the Yen higher (or rather maybe weak fundamentals in other currencies) but Japan’s unchanged fundamentals give their own currency no strength?
