TheEconomist's Forex Arbitrage Blog
TheEconomist's Forex Arbitrage Blog

Brokers, Arbitrage Strategies and impact on BcLib coding and function syntaxes

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 | Category: BcLib Files
entry May 24 2008, 09:39 PM
I'm answering to Pion's request to release the code for BcWin and BcTools. These were both written in Dev-Pascal. I am attaching the pas and project files , as a test script for them too.
Attached File(s)
Attached File  Source_EXE_DLL.zip ( 4.97K ) Number of downloads: 50

 | Category: My Trading
entry Apr 2 2008, 07:17 PM
After weeks of making a long, costly and complicated SWIFT transfer , I finally managed to open account with WHC. (Tell you guys that do SWIFT, always wire to the final beneficiary bank, disregarding any info on the corresponding bank). With 10% of equity consumed during this madness , also caused by the fact WHC wasn't quite accepting EUR deposits, as stated on their IB's website, I was almost pissed off. However, their real datafeed is beyond my previous expectations : lots of forex...
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 | Category: My Trading
entry Feb 12 2008, 05:51 PM
Well, finally managed to pull money out of FXINDIA. Was it a good broker? Well, they payed. (Perhaps because we didn't make noise on their forums, who knows). Did they do everything against us? Well, after the tricky swap charge they saw we are more stubborn than anticipated and decided to get rid of us and almost banned logins. Thanks to Matt we managed an awesome rate of about 170%... But again, trading on the edge, with more than MT4. The natural exploit of difference in volatility...
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 | Category: BcLib Files
entry Nov 23 2007, 01:41 PM
This BcLib issue adds new trading functions:
- ReliableModifyTakeProfit() and ReliableModifyStopLoss(), which attempt to place and repair the TP and SL levels , by moving them up or down (take profit, for buys and sells) , down or up (stop loss, for buys and sells) in order to avoid ERR_INVALID_STOPS, which is the only error handled by these functions. The fast functions ModifyTakeProfit() and ModifyStopLoss(), older, simply attempt to do this once without handling any error.
-...
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Attached File(s)
Attached File  bclib_update_nov_23.zip ( 52.21K ) Number of downloads: 258

 | Category: BcLib Files
entry Nov 20 2007, 09:20 AM
Updates list:
- Updated code for ReliableOrderSend(), ReliableOrderClose() as I wrote earlier in this blog;
- Modified fast Order_**** functions to lookup history , after checking current trades ; added function Order_Pool to retrieve the place of an order: MODE_TRADES, MODE_HISTORY, or -1;
- Replaced calls to ObjectsRedraw() with calls to WindowRedraw().
The RealTickValue() function remains in place as a proxy for getting tick values, although MetaQuotes corrected the MODE_TICKVALUE bug since...
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Attached File(s)
Attached File  bclib_update_nov_12.zip ( 51.56K ) Number of downloads: 161

 | Category: My Trading
entry Nov 9 2007, 06:58 PM


Damn! With that big -978.76 bucks swap....I had to close! This will not remain unpunished!

 | Category: My Trading
entry Nov 8 2007, 08:07 PM
Since I'm using this strategy, I observe that sometimes the account stays a lot constant, then jumps suddenly. Finally found the catch. Here is also my account status for november 8:



As you can see in the first red circle, before Globex shut down hour on Nov 7 , the discounted USDJPY futures was under USDJPY value. During this time, USDJPY moved down. Once the Globex started up, the discounted futures had to come towards USDJPY from its upward position, and it was stopped by the...
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 | Category: General Discussions
entry Nov 4 2007, 07:14 PM
I thought about this system several months ago. I wasn't able to find a suitable implementation, because I tweaked it to the point I completely screw it up, so I'll put it the way I initially thought it.

Trader's Fallacy: Hey, I can follow that trend and make cash like a pro!

Traders love charts. Perhaps our reason for entering stock , forex or other markets was watching trending markets and simple indicators. The simplest indicator that someone gets in touch with when...
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 | Category: My Trading
entry Oct 26 2007, 05:22 PM
Well, a yield of 41% surely beats the hell of the Barclay's Hedge Fund Index 10.gif



This result was at a DiscountedBasis value of about 2 points. I have to mention that starting from morning of Oct 25, right after Globex respawn, the DiscountedBasis indicator, which was working at -5...-3 for about two weeks jumped around 0 and is averagely positive, meaning that the 6J future (direct quote) is slightly...
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 | Category: My Trading
entry Oct 21 2007, 07:20 PM
You're right Andi, I have kinda forgot posting results...



After a jump last week from around $150 - $250 now it's consolidating in $300 - $350 area. The time it happened the DiscountedBasis indicator jumped over 0 ; generally it's negative (-1 to -7, average -3 to -5), except for the unhedged hour when Globex is shut down.

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Bogdan Caramalac
fxeconomist@yahoo.com

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The Financial & Accounting Management Faculty within the "Spiru Haret" University, Bucharest, 2002
(BS degree issued by The Faculty of Finance, Insurance, Banking and Stock Exchanges within the Academy of Economic Studies, Bucharest)

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