Trading costs tool
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Something to keep in mind while choosing your symbol to trade:
When you compare the ratio between spread and ATR, you get a number that tells you how costly it is to trade that symbol - how difficult it is to keep trading profitably.During the London session, this ratio for EURUSD is around 1-2%.
At the same time, this ratio for a minor pair such as NZDCHF is 5-8%.
This essentially means that NZDCHF is about three times more expensive to trade as EURUSD. In other words, finding profits in NZDCHF will be three times harder than in EURUSD.https://fxdreema.com/shared/BbQ7b3gvd
I should also add commissions to the calculation, maybe I (or someone) will in the future.
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very nice tool!
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@roar
maybe the average spread of the last 5 10 or 15 bars would be nice as well? -
very interesting, and what do you recommend then? Trading under a percentage?
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@alex222 Yeah, I would trade the 1-2% symbols (basically EURUSD and GBPUSD, sometimes bitcoin, etc), that gives the most "bang for the buck"
Need small help? Tag me in your post
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@roar Why do you need a 'Pass' block?
(English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.
(Català) Miraré d’ajudar tothom en aquests fòrums d’fxDreema. Tanmateix, si vols aprendre a fer servir la plataforma amb més profunditat o més de pressa, t’hi puc ajudar amb el meu curs d’introducció a fxDeema en català a https://www.theandorraninvestor.eu/ca.
(Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.
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@l-andorrà it does nothing, I started with it because thought it would be a single-block project (no block connections)
Need small help? Tag me in your post
Need big help? https://www.fiverr.com/big_algo/automate-your-winning-strategy-in-mql4-or-mql5 -
@roar Ok. Thanks.
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@roar
The digits pow trick is pretty smart : )
Do you think that patterns on the bitcoin are as much respected as on the forex ? -
Do you think that patterns on the bitcoin are as much respected as on the forex ?
Obviously I dont have any statistics for that, but yeah I would think so. Psychology probably has even more of an impact to crypto than forex.
Forex prices are affected by international trade balances, central bank operations, interest rates, etc... None of those affect directly to crypto, so it could be "cleaner" for patterns
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@roar
Yes I was thinking about that, the proportion of retail traders being higher the market would be less competitive, and it would be easier to take profit from that.
Unfortunately my current broker doesn't allow to access to the cryptos -
i think is good filter method. i will google on this idea and read more about it.. if anyone already has pdf on this i will appreciate. if not google my way to it ^^
edit: https://www.investopedia.com/articles/forex/10/spread-pip-potential-pairs-day-trading.asp
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@vnpython-0
Good
