GSB Forums

Getting started

engtraderfx - 28-10-2018 at 12:40 AM

Hullo, GSB looks really interesting, I currently trade ASX stocks using my own long terms systems using amibroker, trade forex in MT4, have done cfds in past but not futures or tradestation. So just looking to understand infrastructure requirements before I consider trying, any quick pointers appreciated...

Note I am living in Australia, would prefer to work in $A if possible.

1. Charting - tradestation vs multicharts? MC looks interesting but would require external data feed subscription, also cost for software.
2. Broker - IB vs Tradestation (see below)? IB costs very low but would require still a charting platform
3. Data - how are people generally getting hold of data for gsb, is this downloaded from TS or should a 3rd party be used eg say IQFeed or other?

TS currently have an 'international' offer which is partnered with IB. Looks interesting being based in Aus but does that get data needed?

Any thoughts appreciated, thanks, Dave

admin - 28-10-2018 at 03:08 PM

Quote: Originally posted by engtraderfx  
Hullo, GSB looks really interesting, I currently trade ASX stocks using my own long terms systems using amibroker, trade forex in MT4, have done cfds in past but not futures or tradestation. So just looking to understand infrastructure requirements before I consider trying, any quick pointers appreciated...

Note I am living in Australia, would prefer to work in $A if possible.

1. Charting - tradestation vs multicharts? MC looks interesting but would require external data feed subscription, also cost for software.
2. Broker - IB vs Tradestation (see below)? IB costs very low but would require still a charting platform
3. Data - how are people generally getting hold of data for gsb, is this downloaded from TS or should a 3rd party be used eg say IQFeed or other?

TS currently have an 'international' offer which is partnered with IB. Looks interesting being based in Aus but does that get data needed?

Any thoughts appreciated, thanks, Dave

Im in AU to, but why the great need to work in AUD. IB accounts can be funded in AU and its much more cost effective as wires to USA are not cheap. Transferwise give the best fx deal if you dont use IB
Im not sure you mean have the account in aud, or trading AU instruments.
2) You can trade with halifaxonline and then have much less need for MC or TS.
Ts code is sent to halifax. (Ask me or look on the forums)
3) I suspect most people use TS or mc with IQfeed
Im not aware of the costs of the TS offer, so best contact TS. If a account is funded & traded, costs may be lower.

engtraderfx - 28-10-2018 at 10:23 PM

thanks, my thinking was based on my previous experience with IB needing to regularly convert trades in US instruments back to aud, is this still the case? Was concerned about currency exposure if open account in us, liked the idea of end of day exit as would minimise, just need to do it regularly. That's fine, just need to adjust my thinking.

Is the data you are using from IB or Tradestation? I thought IB didn't go back very far. If I go with IB would need to get data / platform separately I think?

admin - 29-10-2018 at 12:22 AM

Quote: Originally posted by engtraderfx  
thanks, my thinking was based on my previous experience with IB needing to regularly convert trades in US instruments back to aud, is this still the case? Was concerned about currency exposure if open account in us, liked the idea of end of day exit as would minimise, just need to do it regularly. That's fine, just need to adjust my thinking.

Is the data you are using from IB or Tradestation? I thought IB didn't go back very far. If I go with IB would need to get data / platform separately I think?

IB can have default currency as aud or usd. I use USD but am long the aud as a hedge. This is a bit more problematic as IB have tighter controls on fx due to regulatory issues. Im not aware of the current status of this issue. I think oyu can convert profits from usd back to your native currency, but not much more.
IB has great live data, and bad historical data. So you need historical ts or quote.com data from time to time.

learning GSB

bob314 - 17-11-2018 at 07:29 PM

What's the fastest way to learn to use GSB? Manual? Videos? Is there a step-by-step instruction somewhere? I'm interested in trying some of my own indicators on the intraday ES volume charts so that I can see what it might do if I purchase it.

Bruce - 17-11-2018 at 10:14 PM

Quote: Originally posted by bob314  
What's the fastest way to learn to use GSB? Manual? Videos? Is there a step-by-step instruction somewhere? I'm interested in trying some of my own indicators on the intraday ES volume charts so that I can see what it might do if I purchase it.


From my experience just get into it and start using GSB, the videos and quick start guide on the forum or Help file are a great help particularly the recent videos as GSB is evolving. Once you have a handle on the dev process then you could introduce your own indicators however IMO there's already more than enough within GSB.