Where can an American trade all metals and oil on an MT4 demo? | Crypto Craft

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Where can an American trade all metals and oil on an MT4 demo?

  • #1
  • First Post: Jun 11, 2014 6:50pm Jun 11, 2014 6:50pm
Looking to demo trade XAU, XAG, XPT, XPD, Copper and Oil, but it has to be on an MT4 platform. Will any brokers allow this in the USA since it's only demo?

Any help is appreciated.
  • #2
  • Jun 11, 2014 7:00pm Jun 11, 2014 7:00pm
Quoting ViciousP
Looking to demo trade XAU, XAG, XPT, XPD, Copper and Oil, but it has to be on an MT4 platform. Will any brokers allow this in the USA since it's only demo? Any help is appreciated.

What'd be the point?

It's not like the Yanks are about to lift the regulations for the rest of y'all...

So, practicing on these would effectively be about as useful as a dude learning to unwrap tampons.

Even if you get really good at it, there will never be any satisfactory payout.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #3
  • Jun 11, 2014 7:00pm Jun 11, 2014 7:00pm
Quoting ViciousP
Looking to demo trade XAU, XAG, XPT, XPD, Copper and Oil, but it has to be on an MT4 platform. Will any brokers allow this in the USA since it's only demo? Any help is appreciated.
Since it's only a demo, you're welcome to use an FXCM UK MT4 practice account, even though you're a US resident. You'll be able to trade all the products you mentioned, and in fact can trade two different kinds of oil: WTI (USOil) and Brent Crude (UKOil). I live in the US but still like to analyze these markets as well.
  • #4
  • Jun 11, 2014 7:28pm Jun 11, 2014 7:28pm
Quoting Jason Rogers
{quote} Since it's only a demo, you're welcome to use an FXCM UK MT4 practice account, even though you're a US resident. You'll be able to trade all the products you mentioned, and in fact can trade two different kinds of oil: WTI (USOil) and Brent Crude (UKOil). I live in the US but still like to analyze these markets as well.
Past analyzing the charts, Jason...

Are you a trader?

Blatant curiosity is all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #5
  • Jun 12, 2014 5:47am Jun 12, 2014 5:47am
Jason, thanks. I'm already with FXCM, so I'll check it out tomorrow. FWIW, I may be relocating next year to a place where I can trade everything, so I want to see if my current methods work on metals and oils too.

Magix - Unwrapping tampons is great. We would re-wrap them around our hands and make "finger mummies" when we were kids. Mother and sister didn't find it as funny as we did.
  • #6
  • Jun 12, 2014 11:32am Jun 12, 2014 11:32am
Quoting Magix
{quote} Past analyzing the charts, Jason... Are you a trader? Blatant curiosity is all...
I run automated strategies on 16 pairs, but primarily focus on USD, EUR, JPY, GBP, AUD and the 10 crosses between them using a modified StrongWeak analysis. Right now I'm working a new strategy to trade USD/CNH, since there's now enough volume in the pair to provide meaningful SSI data.

I have long term investments in other markets but don't actively trade them like I do forex.
  • #7
  • Jun 12, 2014 11:45am Jun 12, 2014 11:45am
Quoting ViciousP
Jason, thanks. I'm already with FXCM, so I'll check it out tomorrow. FWIW, I may be relocating next year to a place where I can trade everything, so I want to see if my current methods work on metals and oils too.
That's exciting! Can you divulge where you're thinking of moving?
  • #8
  • Jun 12, 2014 1:59pm Jun 12, 2014 1:59pm
Quoting Jason Rogers
{quote} I run automated strategies on 16 pairs, but primarily focus on USD, EUR, JPY, GBP, AUD and the 10 crosses between them using a modified StrongWeak analysis. Right now I'm working a new strategy to trade USD/CNH, since there's now enough volume in the pair to provide meaningful SSI data. I have long term investments in other markets but don't actively trade them like I do forex.

Awesome!

I haven't touched USD/CNH as of yet, but like yourself have am working with an automated strategy that trades 28 pairs, only allowing 2 of the same Currency for exposure...ie, if EURUSD and EURJPY are in trade, a signal on EURGBP will be ignored.

It trips on a first come, first serve basis and is more geared to smaller lot sized trades a cost averaging strategy and signals the same for a fractal type play in multiple time frames.

This is the first month of testing the MT, rotating pairs and multiple time frames, but it has been kicking some ass...

This week being the Trend Cycle, I had fully expected to see some draw against the current gains, but still sitting with a 400% gain...

Myself and a few friends are developing the strategy as a learning/earning tool and will soon be making a live version available for those who contribute to a local charity...

Stats -> LINK

I work a little in the US and Canadian Stock markets for longer term investments as well...a little of this, a little of that...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #9
  • Jun 12, 2014 4:00pm Jun 12, 2014 4:00pm
Quoting Magix
{quote} Awesome! I haven't touched USD/CNH as of yet, but like yourself have am working with an automated strategy that trades 28 pairs, only allowing 2 of the same Currency for exposure...ie, if EURUSD and EURJPY are in trade, a signal on EURGBP will be ignored. It trips on a first come, first serve basis and is more geared to smaller lot sized trades a cost averaging strategy and signals the same for a fractal type play in multiple time frames. This is the first month of testing the MT, rotating pairs and multiple time frames, but it has been...
In my primary strategy which trades 10 crosses of 5 major currencies, these are my current positions (by no means a trade recommendation for anyone else!):

  1. Short EUR/AUD
  2. Short EUR/GBP
  3. Short EUR/JPY
  4. Short EUR/USD
  5. Long GBP/JPY
  6. Long GBP/USD
  7. Short GBP/AUD
  8. Long AUD/JPY
  9. Long AUD/USD
  10. Short USD/JPY

That means my StrongWeak analysis ranks the Aussie as the strongest currency and the Euro as the weakest, with GBP and USD in between. I have equal weighting in all 10 pairs taking into account the difference in base currency values. For example, my USD/XXX positions are 1.7 times larger than my GBP/XXX positions. That way, my exposure in all currencies is equal and it's just about comparing relative strength.

  • #10
  • Jun 12, 2014 5:46pm Jun 12, 2014 5:46pm
Quoting Jason Rogers
{quote} That's exciting! Can you divulge where you're thinking of moving?
It all depends on where they want to send me. I'm a hospitality consultant that usually works with hotels and resorts. If I'm lucky, Belize. If I'm super lucky, ABC Islands. If I'm unlucky, Mexico. Still a 50% chance I stay here in the States. I'll know more at the end of the year.

Does this demo expire after a few months, or does it stay active as long as I keep staying active?
  • #11
  • Jun 12, 2014 5:58pm Jun 12, 2014 5:58pm
Quoting Jason Rogers
In my primary strategy which trades 10 crosses of 5 major currencies, these are my current positions (by no means a trade recommendation for anyone else!)
Very interesting...

Now you mentioned automated...are these the positions taken by the logic of the EA, or are these independently set to trade long and short signals on the pairs in relation to your independent analysis?

We are also working on some trade pair associations, but more so to balance the load in the case of a large market swing...more of a relation and correlation idea...I haven't taken a large part in that and am not really into the basket trade strategies...but there is definitely something to the ideas here as well.

Where does this leave you with USDCNH?

It is seemingly the odd man out as the rest of your trade pairs are somewhat cluster based...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #12
  • Last Post: Jun 12, 2014 7:47pm Jun 12, 2014 7:47pm
Quoting Magix
{quote} Very interesting... Now you mentioned automated...are these the positions taken by the logic of the EA, or are these independently set to trade long and short signals on the pairs in relation to your independent analysis?
The particular account in which I implement the strategy mentioned above is purely automated. The strategies I run on that account combine technical and sentiment data.

Quoting Magix
Where does this leave you with USDCNH? It is seemingly the odd man out as the rest of your trade pairs are somewhat cluster based...
I'm trading USD/CNH in a separate account altogether because I don't want to upset the balance of the other account as you pointed out. Still, I see CNH becoming more significant to my overall portfolio in the longer term. Last year's BIS survey confirmed that the Chinese is now the 9th most traded currency in the world.

http://si.wsj.net/public/resources/i...0905090008.jpg


The latest SSI reports from DailyFX also confirm that USD/CNH now accounts for 4% of all trades among FXCM clients.

https://media.dailyfx.com/illustrati..._Picture_5.png
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