Comments on: The long haul http://www.forexspirit.com/2008/04/02/the-long-haul/ Colin McGinley's journey of forex trading by a thousand cuts Tue, 24 Jan 2012 06:42:32 +0000 hourly 1 http://wordpress.org/?v= By: piponacci http://www.forexspirit.com/2008/04/02/the-long-haul/comment-page-1/#comment-944 piponacci Tue, 08 Apr 2008 20:11:27 +0000 http://www.forexspirit.com/2008/04/02/the-long-haul/#comment-944 Hi Colin, Thanks for the reply. I came across Metatrader also and it looks promising and like you said its free. I heard that FXCM is going to provide a Metatrader connectivity to its platform so I might be enticed in that direction. I agree that the human factor can be plus to ones trading, it would take me a while before I could trust a purely mechanical system. However the human element can also be negative, i.e. emotion and/or lack of discipline. I would probably go hybrid at the start use the system to generate email/text alerts and then use my discretion to take a trade. Kind of cheating maybe? OK I better start looking it then.... I like the user name piponacci too Snake! Cheers John aka piponacci Hi Colin,
Thanks for the reply. I came across Metatrader also and it looks promising and like you said its free. I heard that FXCM is going to provide a Metatrader connectivity to its platform so I might be enticed in that direction. I agree that the human factor can be plus to ones trading, it would take me a while before I could trust a purely mechanical system. However the human element can also be negative, i.e. emotion and/or lack of discipline. I would probably go hybrid at the start use the system to generate email/text alerts and then use my discretion to take a trade. Kind of cheating maybe? OK I better start looking it then….

I like the user name piponacci too Snake!
Cheers
John aka piponacci

]]> By: Snake86 http://www.forexspirit.com/2008/04/02/the-long-haul/comment-page-1/#comment-943 Snake86 Sat, 05 Apr 2008 04:26:42 +0000 http://www.forexspirit.com/2008/04/02/the-long-haul/#comment-943 Hi John, I like your username, sounds pretty cool. :-) Snake. Hi John,

I like your username, sounds pretty cool. :-)

Snake.

]]> By: Colin McGinley http://www.forexspirit.com/2008/04/02/the-long-haul/comment-page-1/#comment-941 Colin McGinley Thu, 03 Apr 2008 16:30:31 +0000 http://www.forexspirit.com/2008/04/02/the-long-haul/#comment-941 John, I have not used Tradestation although I have heard many great things about it over the years. Every time I have checked them out for FX they have always had a relationship with another broker that handles all the actual trade transactions. Tradestation is definitely the bee's knees when it comes to system development. If you are only beginning to investigate mechanical systems then it might be worthwhile keeping your expenses down and just use a free trade platform such as Metatrader that has built in system development, or something like Wealth-Lab. I've messed around with these programs and others like them over the years but I have never used them to any great degree when it comes to actual live trading. I feel that the all-too-human nature of the markets requires me to utilise my own brain when it comes to making trading decisions. That perspective prevents me from blindly following signals generated from mathematical formulas or indicators which are all derived from a single source: price. I try to have rules and a framework from within which I make my discretionary decisions, but that is about as mechanical or systematic as I go. Oh, and I am indeed Irish and hail from Dublin originally. John, I have not used Tradestation although I have heard many great things about it over the years. Every time I have checked them out for FX they have always had a relationship with another broker that handles all the actual trade transactions.

Tradestation is definitely the bee’s knees when it comes to system development.

If you are only beginning to investigate mechanical systems then it might be worthwhile keeping your expenses down and just use a free trade platform such as Metatrader that has built in system development, or something like Wealth-Lab.

I’ve messed around with these programs and others like them over the years but I have never used them to any great degree when it comes to actual live trading. I feel that the all-too-human nature of the markets requires me to utilise my own brain when it comes to making trading decisions. That perspective prevents me from blindly following signals generated from mathematical formulas or indicators which are all derived from a single source: price. I try to have rules and a framework from within which I make my discretionary decisions, but that is about as mechanical or systematic as I go.

Oh, and I am indeed Irish and hail from Dublin originally.

]]> By: piponacci http://www.forexspirit.com/2008/04/02/the-long-haul/comment-page-1/#comment-940 piponacci Thu, 03 Apr 2008 14:55:27 +0000 http://www.forexspirit.com/2008/04/02/the-long-haul/#comment-940 Colin, I came across your blog yesterday and I like the content. Are you from Ireland? I am from Cork but live in Boston for the last 7 years. I have been learning about FX over the last year and I have been trading a small account using mini-lots. I am programmer also (embedded C mainly), and I noticed that Tradestation offers FX now. I am thinking of subscribing to Tradestation and program some mechanical strategy's that can be autotraded. Have you experience with that all ? Go raibh maith agat John Colin,
I came across your blog yesterday and I like the content. Are you from Ireland? I am from Cork but live in Boston for the last 7 years. I have been learning about FX over the last year and I have been trading a small account using mini-lots. I am programmer also (embedded C mainly), and I noticed that Tradestation offers FX now. I am thinking of subscribing to Tradestation and program some mechanical strategy’s that can be autotraded. Have you experience with that all ?

Go raibh maith agat
John

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