How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[uttamkamlesh]

Kamleshji it seems that GCI disconnects and misses some data

ya it did the same thing few days back then filled the gap...even eSignal did this at that time on website for NIFTY...then filled the gap....

 

[mdrafi67]

Jim Rogers: Not Surprised if Gold Drops to $1200 An Ounce

The successful international investor, Jim Rogers, believes that the gold price is due for a substantial correction. To CNBC news he said that he would not be surprised if gold price would drop down to $1200 – 1300 an ounce. He is not optimistic at all ...

http://www.google.com/url?sa=X&q=ht...If7V-E&usg=AFQjCNEdffE96TOUqFo8pnQZvpBEjdpOug

 

[Kaboooooom]

Hey Kamlesh, I dont know much about MT4 but if you want to perform TA on Indian stocks here are are a few options -

1. ChartNexus - this is a free software providing free EOD data for many markets including Indian markets. However the data is for Equity and not Futures but its works very well. Amazingly clean interface. I have been using it for quite some time now.

2. For Intraday data you can go for an account with Sharekhan. They have the best Desktop software in the Indian markets with the best charting capabilities. You can have multiple charts open, maximize charts, set alerts based on prices, and they also have some Technical studies (indicators) along with capability to draw trend lines etc.

3. You can also opt for any software supported by data providers however after long research I have settled for AmiBroker from tradinganalysis.co.in and live futures data from their sister firm globaldatafeeds.in. AmiBroker costs 14k, 17k, or 20k roughly depending on what package you choose. They also provide historical intradata data for roughyl 4.5k if you are interested otherwise current month intraday data is available and daily eod for over a couple of years (or since the time the symbol started in the Futures market).

I personally do not know of many other quality options that let you focus on what you want to do.

 

[SavantGarde]

He is not optimistic..... about Gold or his View On Gold

SG

Jim Rogers: Not Surprised if Gold Drops to $1200 An Ounce

The successful international investor, Jim Rogers, believes that the gold price is due for a substantial correction. To CNBC news he said that he would not be surprised if gold price would drop down to $1200 – 1300 an ounce. He is not optimistic at all ...

http://www.google.com/url?sa=X&q=ht...If7V-E&usg=AFQjCNEdffE96TOUqFo8pnQZvpBEjdpOug

 

[VJAY]

Dear Kamlesh,
What are the views on CRUDE now?

 

[adityasaraf007]

Aditya ...i want to analyse stocks where futures trading takes place...250 approx...basically...i want to test my methods of multiple TF trendlines on stocks too...it would be helpful knowing how to import data to MT4.

Oh........ you blew my mind off......... Data for all the major counters.....

As far as I know, we need to import the data in MT4 one-by-one for each TF and each Security........ So, if you want to import the data for all the nine TFs (1min, 5min, 15min, 30min, 1hr, 4hr, Daily, Weekly, Monthly) of just 1 security... You would have to repeat the procedure 9 times..... So, for 250 securities you would have to repeat the procedure about 2200 times..... I don't know if there's an automatic way of importing the data.....

As far as data is concerned.... I would try to arrange it for all the TFs....

But does anyone know how to import the data in MT4 without much manual intervention...... Or some other better solution.....

 

[uttamkamlesh]

Dear Kamlesh,
What are the views on CRUDE now?

If it hits LH at 102.43....that means we are headed for new highs...may be 114...

 

[SavantGarde]

Hi Aditya,

Wouldn't 1 min TF be sufficient for rest of the TF.... Just thinking aloud..!!!

SG

Oh........ you blew my mind off......... Data for all the major counters.....

As far as I know, we need to import the data in MT4 one-by-one for each TF and each Security........ So, if you want to import the data for all the nine TFs (1min, 5min, 15min, 30min, 1hr, 4hr, Daily, Weekly, Monthly) of just 1 security... You would have to repeat the procedure 9 times..... So, for 250 securities you would have to repeat the procedure about 2200 times..... I don't know if there's an automatic way of importing the data.....

As far as data is concerned.... I would try to arrange it for all the TFs....

But does anyone know how to import the data in MT4 without much manual intervention...... Or some other better solution.....

 

[adityasaraf007]

Hi Aditya,

Wouldn't 1 min TF be sufficient for rest of the TF.... Just thinking aloud..!!!

SG

MT4 doesn't manipulate that 1 min TF data to produce the charts for 5min, 15min, etc...... It is required to be feed the data for different TFs....... I have tried it......

However, I don't know if there are tools available which would help manipulate that data in MT4.....

 

[coolcorner78]

If you want NSE data on MT4 I guess Fxcentral is an option, I came to know about BFD only today that they also give NSE on MT4. I had subscribed to FXcentral sometime back, I felt their data is ok, its fast.

Drawbacks:

1. The openings are not consistent with the exact prices.
2. Time on the MT4 as its GMT.
3. The symbols that fxcentral gives is different from NSE symbols.
4. Unavailability of Market watch, with percent gain/loss for the day/week in real time. And from there jumping to the charts directly.
5. Support is ok, not that great.

Good things:

1. Its on MT4, its a huge positive.
2. Data is pretty smooth and very fast.

I am not sure how is BFD, what their plans are. May be someone can get the info and educate.