With volume of CME FX futures contract picking up, trading futures instead of spot FX may be another alternative.
Performance like this are not even possible for people with last name such as Madoff and Standford. :D
Every systems will go through a period of major drawn down, if this drawn down still inline with historical tested behavior, then stick to system...
You can take a look at IQFeed (http://www.iqfeed.net), I think they have historical minute data going a couple of years back.
One of the major difference I find with CFDs and actual future contract is the spread, usually with an activate contract like oil futures spread...
I don't think anyone has every done backtesting with CFDs, because of the lack of historical data.
Hong Kong has no government mint so HSBC, BoC and Standard Charter are appointed by HK government to print HK currency.
To trade in this volatile condition one also need enough capital to withstand the swing.
When ES has 1 minute bar at 10 point range every...
5 millions on the national debt clock scale is about 10 foot steps.
One more consideration able tight stop is transaction cost when you got stop out all the time.
I had months that transaction cost alone kill...
Funny thing I was trying to buy 100 share using IB, my bid did not showup at market depth window, something is going on.
I am on the same boat I bought 100 shares as a lottery play, I voted 1 to 1.99.
As far as I know CFD is illegal in US so if you are located in US you are out of luck.
Is there any regulator bodies that you have to go through to open prop firm in HK?
Now a days with overnight trading of all eminis, I think price of future already are stabilize at the beginning minutes.
However with stocks...
eSignal has the ability to filter exchange and is within your price range.
Current version of TWS have additional security measure that makes auto login impossible, so automation without human monitoring is not possible...
solution would be to get a real real-time data vendor.
IQFeed is an economical solution.
When momentum of a runaway market start it takes a significant event to stop it. (e.g. HK properties bubble pre 1997)
So why not 50,000.
Where does quote come from?
Since RMB is not freely traded.
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