Aliassmith Beats a "Dead Horse"

[Mr. Hyde]

Also. What is any of this "Gap trading, latency arbitrage, Long short arbitrage, Reverse arbitrage, opposite account trading are all unacceptable". Have people really found away to exploit the market. I've heard there are EA's you can buy that can do this

Not sure what they mean by gap trading and reverse arbitrage.

Latency arbitrage is having 2 accounts with feeds that are different speeds and taking advantage of that. It could also just be one account with a latency issue that gives you an edge. A broker I use had a feed issue a few months back. I used max leverage and made a killing. I knew they wouldn't let those profit stay but it was fun.

Long/Short arbitrage is using separate accounts and going long in one and short in another. There is a basic entry of one long and one short at the same time. However there are people that would get an interest free Muslim? account and run one account long and one short then collect swap without any risk. When one account was low they would rebalance them.

I'm not sure if they cover spike trading. That is when the news comes out and you take advantage of the latency caused by MT4 not keeping up with the feed. News comes out you grab an early price. During the lag its already hit your take profit before the feed catches up. I did this in the past accidently when I traded the news exclusively. I believe MT4/MT5 have updated enough to make it less of a possibility. Brokers really hated it because they didn't have enough time to offset your big orders. We are talking making $100k+ in mere seconds and I knew of a few people doing it.

Well s**t. There really is a way to screw the brokers. How did you know there was a feed issue. So after the trade the broker legit took the profit back?

[Mr. Hyde]

GBPUSDM5 Chart

The gray area is a Fair Value Gap or Mighty Zone or Z-line, whatever you want to call it.
If I wish to keep my Stop Loss small and I want it at the top of the red candle, I'll have to risk waiting to see if it pulls back far enough.
In the past I might have rolled with a 10 pips SL, but I am trying to reduce that so I can use larger size.
I figure 6 pips would be nice seeing that I am targeting 30 pips if all goes well.
My impatient ass would have probably entered at 7 pips SL.
Even with a 7 pips SL it's over a 4x return
FTMO $100k@ 1% risk would be 14.3 lots or $143/pip x 30 is $4300
with my old ways.
FTMO $100k@ 1% risk would be 10 lots or $100/PIP x 25 is $2500
That is a BIG difference.
If I had enough "Donated Capital" from earlier in the day that result could be double.

Thats the hardest part for me. Letting price actually reach that far and get you thst super small stop. So it's either miss the trade completely or split the trade up and at that point seems like it's kinda killing the whole idea of a huge win, once the trades are averaged.

And of course price will always get you in on the small stops when it's going to be a losers. Alot of factors to consider to get these super small traders with huge R. Is it really all that beneficial for us? Something to consider. Especially when most of us already make a killing. I would need to see a solid 10 to 20R trade a week or a huge 50 to 100R a month. Or it's a new way to use OPM. OPM could be used strictly for the grand slam plays and regular size and normal entry.

Something to play around with next week/month

[aliassmith]

Also. What is any of this "Gap trading, latency arbitrage, Long short arbitrage, Reverse arbitrage, opposite account trading are all unacceptable". Have people really found away to exploit the market. I've heard there are EA's you can buy that can do this

Not sure what they mean by gap trading and reverse arbitrage.

Latency arbitrage is having 2 accounts with feeds that are different speeds and taking advantage of that. It could also just be one account with a latency issue that gives you an edge. A broker I use had a feed issue a few months back. I used max leverage and made a killing. I knew they wouldn't let those profit stay but it was fun.

Long/Short arbitrage is using separate accounts and going long in one and short in another. There is a basic entry of one long and one short at the same time. However there are people that would get an interest free Muslim? account and run one account long and one short then collect swap without any risk. When one account was low they would rebalance them.

I'm not sure if they cover spike trading. That is when the news comes out and you take advantage of the latency caused by MT4 not keeping up with the feed. News comes out you grab an early price. During the lag its already hit your take profit before the feed catches up. I did this in the past accidently when I traded the news exclusively. I believe MT4/MT5 have updated enough to make it less of a possibility. Brokers really hated it because they didn't have enough time to offset your big orders. We are talking making $100k+ in mere seconds and I knew of a few people doing it.

Well s**t. There really is a way to screw the brokers. How did you know there was a feed issue. So after the trade the broker legit took the profit back?

You tell me. Profits removed after they figured it out

[Mr. Hyde]

Not sure what they mean by gap trading and reverse arbitrage.

Latency arbitrage is having 2 accounts with feeds that are different speeds and taking advantage of that. It could also just be one account with a latency issue that gives you an edge. A broker I use had a feed issue a few months back. I used max leverage and made a killing. I knew they wouldn't let those profit stay but it was fun.

Long/Short arbitrage is using separate accounts and going long in one and short in another. There is a basic entry of one long and one short at the same time. However there are people that would get an interest free Muslim? account and run one account long and one short then collect swap without any risk. When one account was low they would rebalance them.

I'm not sure if they cover spike trading. That is when the news comes out and you take advantage of the latency caused by MT4 not keeping up with the feed. News comes out you grab an early price. During the lag its already hit your take profit before the feed catches up. I did this in the past accidently when I traded the news exclusively. I believe MT4/MT5 have updated enough to make it less of a possibility. Brokers really hated it because they didn't have enough time to offset your big orders. We are talking making $100k+ in mere seconds and I knew of a few people doing it.

Well s**t. There really is a way to screw the brokers. How did you know there was a feed issue. So after the trade the broker legit took the profit back?

You tell me. Profits removed after they figured it out

Well damn. That's crazy.

[aliassmith]

GBPUSDM5 Chart

The gray area is a Fair Value Gap or Mighty Zone or Z-line, whatever you want to call it.
If I wish to keep my Stop Loss small and I want it at the top of the red candle, I'll have to risk waiting to see if it pulls back far enough.
In the past I might have rolled with a 10 pips SL, but I am trying to reduce that so I can use larger size.
I figure 6 pips would be nice seeing that I am targeting 30 pips if all goes well.
My impatient ass would have probably entered at 7 pips SL.
Even with a 7 pips SL it's over a 4x return
FTMO $100k@ 1% risk would be 14.3 lots or $143/pip x 30 is $4300
with my old ways.
FTMO $100k@ 1% risk would be 10 lots or $100/PIP x 25 is $2500
That is a BIG difference.
If I had enough "Donated Capital" from earlier in the day that result could be double.

Thats the hardest part for me. Letting price actually reach that far and get you thst super small stop. So it's either miss the trade completely or split the trade up and at that point seems like it's kinda killing the whole idea of a huge win, once the trades are averaged.

And of course price will always get you in on the small stops when it's going to be a losers. Alot of factors to consider to get these super small traders with huge R. Is it really all that beneficial for us? Something to consider. Especially when most of us already make a killing. I would need to see a solid 10 to 20R trade a week or a huge 50 to 100R a month. Or it's a new way to use OPM. OPM could be used strictly for the grand slam plays and regular size and normal entry.

Something to play around with next week/month

It doesn't have to be about missing trades so much. If you collect enough data to show that you almost always enter 1+ pip early then that can help a lot.

The loss will be the same regardless. Risking the same over fewer pips.

[LeMercenaire]

Not sure what they mean by gap trading and reverse arbitrage.

Latency arbitrage is having 2 accounts with feeds that are different speeds and taking advantage of that. It could also just be one account with a latency issue that gives you an edge. A broker I use had a feed issue a few months back. I used max leverage and made a killing. I knew they wouldn't let those profit stay but it was fun.

Long/Short arbitrage is using separate accounts and going long in one and short in another. There is a basic entry of one long and one short at the same time. However there are people that would get an interest free Muslim? account and run one account long and one short then collect swap without any risk. When one account was low they would rebalance them.

I'm not sure if they cover spike trading. That is when the news comes out and you take advantage of the latency caused by MT4 not keeping up with the feed. News comes out you grab an early price. During the lag its already hit your take profit before the feed catches up. I did this in the past accidently when I traded the news exclusively. I believe MT4/MT5 have updated enough to make it less of a possibility. Brokers really hated it because they didn't have enough time to offset your big orders. We are talking making $100k+ in mere seconds and I knew of a few people doing it.

Well s**t. There really is a way to screw the brokers. How did you know there was a feed issue. So after the trade the broker legit took the profit back?

You tell me. Profits removed after they figured it out

That's about the maddest chart I've ever seen! Lol

[Mr. Hyde]

Well s**t. There really is a way to screw the brokers. How did you know there was a feed issue. So after the trade the broker legit took the profit back?

You tell me. Profits removed after they figured it out

That's about the maddest chart I've ever seen! Lol

Haha. Ain't it. So I'm curious how it exactly works. Is it like playing a range and u just get in at one price point and then immediately exit when in profit. And then u do this over and over again?

Also, super random question. Aliassmith, did u come from the industry? You seem to know more then the average trader who just picked up trading forex one day with a little bit of money

[aliassmith]

You tell me. Profits removed after they figured it out

That's about the maddest chart I've ever seen! Lol

Haha. Ain't it. So I'm curious how it exactly works. Is it like playing a range and u just get in at one price point and then immediately exit when in profit. And then u do this over and over again?

Also, super random question. Aliassmith, did u come from the industry? You seem to know more then the average trader who just picked up trading forex one day with a little bit of money

It works similarly to what you said. Observe curent price enter order. Within seconds it had a feed issue and triggers the TP. About 500 pips later you'll have a way bigger account.

I'm not an insider. I've come across many people than know a little bit. I'll come across someone that says "hey did you know the market does ..." or "did you know that people do..." then I'll do my own research.

I'm about to watch this Dr. Strange 2 hope its good.

[berza]

Hi guys,

Here is a mql5 version for the biascandles indie.
Can you check and see if its correct?

Really interesting thread and the concept of rich uncles, eye opener.
First need to practice and practice to get the main concept down. Thanks!

Needed to zip the indicator otherwise it was not allowed to upload.

EURUSDM15.png (61.12 KiB) Viewed 1975 times

[aliassmith]

Hi guys,

Here is a mql5 version for the biascandles indie.
Can you check and see if its correct?

Really interesting thread and the concept of rich uncles, eye opener.
First need to practice and practice to get the main concept down. Thanks!

Needed to zip the indicator otherwise it was not allowed to upload.

EURUSDM15.png

I went over the chart and it looks good. I try it out tomorrow or Monday.