Trading Evolution

Markets are never wrong - opinions often are

Organizing your trading day

A typical day for a trader consists of analyzing different trade setup or scenarios as they come up during the day. I have about 40 different scenarios or trade setups that I watch daily. So how do I keep it all in my head without letting it explode? The answer is I don’t. I have a piece of software that helps me manage my attention during trading hours and focus on what is coming. On top it displays trader clock which shows me current time, countdown and time until coming events such as economic releases, international market open and close times, FED speeches etc. Next it shows my weekly mental and monetary goals and progress bar based on my current account balance. And finally list of only relevant at that particular time trade setups. For example, I monitor some setups during US open hours so the application shows me setups for US open, my past notes and stats ahead of US open and hides them later so I can stay focused on next trades. After trade is done I make notes for next time, update results and forget about it until the next time so my head stays clear for a next trade.

PS I am not selling or giving this piece of software because it does much more than that and I am only writing this post so it might help other trades develop their own methods of organizing their trading days. If you are penny stock trader, Forex trader or just day trader please share your own methods on staying organized and prepared.

Download historical Forex data from Interactive Brokers

I added few more arguments to IbCmd tool for historical data download. For example to download last 10 days of Open, High, Low, Close data for EUR/USD pair use following list of parameters:

IbCmd.exe /s:EUR /t:Cash /e:IDEALPRO /f:EURUSD.csv /d:10

The tool will output EURUSD.csv file which can be opened in Excel or any other spreadsheet editor.

12/15/2015 12:00:00 AM,1.099625,1.105975,1.090475,1.093025
12/16/2015 12:00:00 AM,1.0925,1.101175,1.0888,1.091275
12/17/2015 12:00:00 AM,1.0909,1.09145,1.080275,1.0826
12/18/2015 12:00:00 AM,1.083425,1.08745,1.080525,1.0864
12/21/2015 12:00:00 AM,1.085975,1.0939,1.084825,1.09145
12/22/2015 12:00:00 AM,1.091375,1.098425,1.090225,1.09565
12/23/2015 12:00:00 AM,1.095225,1.0957,1.087025,1.091175
12/24/2015 12:00:00 AM,1.090975,1.096775,1.090425,1.096375
12/28/2015 12:00:00 AM,1.0964,1.099275,1.095625,1.09685
12/29/2015 12:00:00 AM,1.0967,1.098025,1.096625,1.097925

If you want 10 days of 5 minute bars then add /b:FiveMins


IbCmd.exe /s:EUR /t:Cash /e:IDEALPRO /f:EURUSD.csv /d:10 /b:FiveMins

Interactive Brokers Limitations

When you use this tool you need to be familiar with Interactive Brokers historical data download limitations. The following table lists the valid duration and bar size settings for historical data requests. Requesting the same historical data in a short period of time can cause pacing violations from Interactive Brokers.

More details can be found here: Historical Data Limitations