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Michael

Michael has written 41 posts for RaidenWorks

Caveat Labōrāre

Posted by Michael ⋅ 2012-04-19 ⋅ Leave a comment

Don’t confuse effort with results; or earnestness with competence.

Issues when determining GMT Offset using Windows system time

Posted by Michael ⋅ 2012-04-09 ⋅ 1 Comment

A quick post 2012-02-07: I use the GetTimeZoneInformation function in the Kernel32.dll library to pull my system’s time, and hence calculate the broker time and consequently control my trading time window. Earlier today, I entered one of my VPS’s that I use for testing and discovered the GMT offset was off by an hour. I was … Continue reading →

Latency to your broker

Posted by Michael ⋅ 2012-03-10 ⋅ Leave a comment

Connection speed is important when it comes to trade execution. To check your latency to your broker’s trade server, you need to determine the server’s IP, then ping it There is a good way to combine these actions by using a free program, WinMTR, by Vasile Laurentiu Stanimir (now hosted at http://winmtr.net/), which combines the tracert and … Continue reading →

Maximum Relative Drawdown in MT4

Posted by Michael ⋅ 2012-01-25 ⋅ Leave a comment

This post is split into 3 parts. Part 1 explains how MT4 records Relative Drawdown, which is not well understood. Part 2 will show my code to calculate Relative Drawdown against Balance just prior to a trade, which I inherently find much more useful. Part 3 shows the mql4 code for calculating and displaying this … Continue reading →

CFTC and Segregated Accounts

Posted by Michael ⋅ 2012-01-10 ⋅ Leave a comment

In a recent CFTC press release dated 2012-01-05, FXOpen Investments Inc. has been fined $120,000 for basically soliciting US clients and operating as a Retail Foreign Exchange Dealer (“RFED”) between 2010-10-18 and 2011-01-26, without being registered with the CFTC. Link here. Apart from how the civil penalty is going to be enforced on a foreign … Continue reading →