This article by Reuters via CNBC, ‘Done… For You Big Boy’ – How Emails Nailed Barclays, blows open how partial the process is for a bank to influence the London Interbank Offered Rate. To summarise, in-house AND external traders, through direct contact with Barclay’s Libor submitters, influenced them to set rates at requested levels. From BBA Libor – The … Continue reading
Every soldier fights two wars… The war outside… And the war inside. How much more poetic this would be if said by a combat psychologist, instead of a video game programmer. No less poignant, though.
This is a very simple trade management EA that will close all your Open Orders (or both Open and Pending Orders) when your drawdown against balance exceeds a set percentage limit. E.g. Balance = $10,000 and “DrawdownPercent” is set at 2.0, if floating P&L is greater than -$200.00, all Orders will be closed. A simple … Continue reading
myfxbook is one of the most aesthetically pleasing and versatile MT4 statement reporting sites. Its ease of adding an account surpasses many others, where it uses the investor password to gain access to your statement and uploads it automatically and periodically. No requirement for a separate broadcasting EA to be attached to a chart, neither … Continue reading
Occasionally, your connection to your broker’s price feed is disconnected, either because of your own terminal/router/modem issues, or issues arising from your internet provider/VPS service. This happens often enough that most programmers will consider how their EA’s will pick up and manage open positions when the connection returns. However, as with what I experienced today, … Continue reading