Simple Dow system

[Iron]

If the Dow was up overall yesterday, your prediction is that it will fall today.

Your enter short at yesterday's close. Your stop is at yesterday's high. You close your trade at the end of the trading day.

Verse versa if the Dow was down yesterday.

This simple technique would have given you a 27% return on investment in the period covered by a results spreadsheet (http://www.fileserve.com/file/Gc6J8GZ).

I think that part of the reason it works is because it uses the principle of cutting your losses and letting your profits run. Also, when the market has over-heated, it can rebound sharply.

Jeff

[toptrader]

Great idea, all we need now is an LMAXAngel

BA - any plans??

[jimrobo]

I would defo take a look at LMAX if there was an api product on the market. I am guessing if they use the same technology as the sports exchange it wouldn;t be too difficult to produce an LMAXangel but I am guessing the api licenses from betfair would be pretty expensive

[Euler]

Great idea, all we need now is an LMAXAngel

BA - any plans??

Unless users are willing to pay a lot for it or Betfair fund it, then nothing will happen on the API front. Too expensive and too many hurdles to jump.

You also have people like: -

http://www.prospreads.com/

Offering a great product and platform for free. So why would people pay to use a platform on Lmax?

[Iron]

I use Capital Spreads for spreadbetting.

Their charting is a bit poor, however.

I'd recommend the Metatrader platform for charting. You can access both Forex and non-Forex markets by opening a dummy account with GCI Financial Ltd. Note that the prices you get on the platform may sometimes be different from those you get with your broker, so it's worth checking.

Jeff

Unless users are willing to pay a lot for it or Betfair fund it, then nothing will happen on the API front. Too expensive and too many hurdles to jump.

You also have people like: -

http://www.prospreads.com/

Offering a great product and platform for free. So why would people pay to use a platform on Lmax?

[Euler]

Have you ever used products like trade station?

[Euler]

Just read my previous post, a bit too negative. We will always explore these things but everything needs funding unfortunately. If the market offers a decent opportunity to do something them I am sure we will try something somehow if we can overcome the hurdles.

[Iron]

I must admit I've never understood how Betfair's financials trading product differs from (let alone improves upon) what was available previously.

I doubt they've hit upon anything new and revolutionary...

Jeff

Just read my previous post, a bit too negative. We will always explore these things but everything needs funding unfortunately. If the market offers a decent opportunity to do something them I am sure we will try something somehow if we can overcome the hurdles.

[Iron]

I've never used Trade Station.

Metatrader is fine for my charting purposes. It's free, it's real time, and it has a vast array of built-in technical indicators (and you can download other indicators FOC from the Internet).

Also, I only use spread betting companies for trading the financial markets, as profit from spread bets is tax exempt in the UK.

Jeff

Have you ever used products like trade station?

[Euler]

It's been a while since I looked properly at the spread betting market. I have a couple of accounts and use them when the opportunity strikes but it looks like the market has really evolved a lot. Spreads are tighter and the platforms better. Probably deserving of it's own thread.

[PeterLe]

I've never used Trade Station.

Metatrader is fine for my charting purposes. It's free, it's real time, and it has a vast array of built-in technical indicators (and you can download other indicators FOC from the Internet).

Also, I only use spread betting companies for trading the financial markets, as profit from spread bets is tax exempt in the UK.

Jeff

Have you ever used products like trade station?

Hi Jeff
It look like they have a 3 month free trial available?
regards
Peter

[PeterLe]

Great idea, all we need now is an LMAXAngel

BA - any plans??

Unless users are willing to pay a lot for it or Betfair fund it, then nothing will happen on the API front. Too expensive and too many hurdles to jump.

You also have people like: -

http://www.prospreads.com/

Offering a great product and platform for free. So why would people pay to use a platform on Lmax?

The prospreads platform looks quite good and has a familiar look/feel with the trading ladder to that of BA..
Have you used this Peter using techniques simlilar to the way you would trade the betfair markets? ie scalping/swinging etc..??

[Iron]

Hi Peter

I don't dispute that there's a ladder, but it will be different to the Betfair ladder. It's not possible with the financial markets to see how much money is waiting to be matched on the buy and sell sides of the spreads.

If it were possible, Betfair would lose all its high volume traders literally overnight, considering that an amount of money equivalent to the world's GDP is traded every fortnight in the Forex markets!

Jeff

The prospreads platform looks quite good and has a familiar look/feel with the trading ladder to that of BA..
Have you used this Peter using techniques simlilar to the way you would trade the betfair markets? ie scalping/swinging etc..??

[toptrader]

I've got accounts with all the major spread betting providers but none offer auto-trading. Must admit i haven't seen if there are other products that offer this but basically if i could get the BA excel functionality for trading i'd pay for it (probably a few hundred quid a year i guess)

[superfrank]

Trade futures. viewtopic.php?f=35&t=2768

Edit: btw, if you make decent consistent money spread betting they will probably close your account - just like bookies!