Going through the Boomerang videos again, I was wondering if doing the spike strikers with forex if you needed to also add 1 or 2 ticks above the price thats posted on the chart because of the way forex is calculated?
http://apexinvesting.net/module-12/forex-indicative/
Thanks!
They have updated how they calculate forex now. Now they use the average of the middle 15 quotes of the last 25 bid/offer and have removed the sequential requirement.
You need to look at the forex pair and see if any adjustment needs to be made depending on what the bid/offer is normally on that fx instrument.
Hello Darrell and all,
So is it possible that adjustment may not be necessary? I was under the understanding that adjustment only needed to be made when buying before, but not when selling.
What is the rule now, since Nadex calculates the price differently. (Should the entry price be adjusted both ways, or only in buying direction? And adjust always or only when necessary?)
Thanks
okay
Old rule
nadex took last 25 non-sequential mid quotes (meaning if a quote was the same mutliple times in a row it was not included) then averaged the middle 15 prices.
New rule
Nadex takes the last 25 mid quotes (meaning if they are the same they still count making it more sensitive) - then average the middle 15 prices
Buying and selling has nothing to do with it at this point.
Note it is MID quote of reuters data feed (expensive) Your looking at FXCM or other data feed and looking at last quote. So there can be a bit of a difference so maybe a couple ticks. You will be able to tell just by looking at it.
So either no adjustment is necessary or you can look to see if one is off by a couple ticks etc… the number one rule here is just be consistent and the averages will end up the same.
Dont make it complex.