Archive for July, 2011
I have been backtesting this system which looked really good using the Metatrader software. Basically, it told you when the market was trending up or down and if you place a trade when the trend changes and just follow it (from the backtesting), you would be in the money!
However, there are indicators in Metatrader which repaint. What this means is that you may be given a signal to enter a position but if the markets move the opposite way, the indicator suddenly disappears. What this means is
July 15, 2011
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Sorry about the lack of updates recently.. I've been on a course for 3 weeks which was totally taking up all my usual trading time. Anyway, I am back and I played around with Betfair and the Betgizmo interface. I've written about Betgizmo, it's a free Betfair API which is a competitor to the paid Betangel software. The only thing which would be useful that Betgizmo doesn't have is the stop loss function that Betangel has.
Anyway, I was scalping the Horse Racing markets today using the ladders
July 14, 2011
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As you know, Traders is one of my favourite online reads for the whole world of trading but The Exchange is a relatively new magazine which has surfaced which I really enjoy and is a serious contender to Traders.
I like it because it is more fresh, has loads of interviews and covers a whole raft of trading ideas from the traditional financial trading world to sports betting. Also, as it's a British publication the style of writing is a little more relaxed than Traders but heck, they are both
July 2, 2011
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