Theory: Gridding Microtrades

I've been thinking about grid based strategies designed to take advantage of volatility without incurring great risk.The idea is that the strategy be followed using a carry trade pair in the event that you do inevitably end up holding some positions. You'll want a platform with a decent spread. Oanda often has about a 3.0 pip spread on the AUDJPY pair -- my current pair of choice.So, let's

Oanda FXTrade On Ubuntu Dell Mini 12

Okay, it's working.I have Oanda running a single FXTrade window while I'm open in another browser typing this blog post.Here is what I did to get this working:Close down extra charts -- only the basic platform window is running.Eliminate extra currency pairs -- only follow two or three active pairsShrink the window -- show everything but in as small a footprint as it practical.With these steps I

Dell Mini 12 -- Ubuntu

I recently bought the Dell Mini 12 thinking it would be noiseless, so that I could leave it on overnight while I slept. I tend to wake up from time to time so that would be an easy way to check for Forex opportunities during the night.Unfortunately, running the Oanda FxTrade application causes the system to grind to a halt. Right now my profile automatically opens multiple charts (1 min, 15 min

MT4 EA: Stupid Programming Mistakes

Well, I spent last evening tracking down some problems in my next foray into programming expert advisers.It turns our that a simple logical test was using an '&' instead of an '&&' between two terms.This little horseshoe nail caused some position closing attempts to fail with an error 138 -- meaning that the price being used to close the position was too far away from the market price.I also ran

MT4 EA: Moving Towards Sustainability

Yesterday's experiments with creating an expert advisor to scalp the 5 minute chart show great profits and great risk.I've been working to reduce the level of risk without taking away the reasonable chance of making reasonable profits.Here is the most recent chart:This is running from 01-Feb-2009 to 25-Apr-2009 and obviously surviving any ups and downs during that period.I'm still not happy with