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Of course it is very unlikely that anyone will have such consistent losing experiences; in fact to lose so consistently would be quite an achievement. A novice trader, trading within their loss limits is more likely to have the experience of breaking even, but will see their capital eroded by the impact of trading commissions. 81 Appendix 1: Market Master User Guide Load Market Master Click or double click on MMaster.exe (in whichever folder you choose to save it) to start the program This will open Market Master for you and the window below will appear. Figure 43 82 Market variables Along the top of the screen you will see 4 variables: Tick Value, Min Move, Commission and Slippage. Tick value: this refers to the monetary value of each tick, which is the minimum movement that can happen in the market. Min Move: this is the minimum movement that can happen in a particular market. The tick value and the min move values are specific to a particular futures contract, and need to be set when you load a data file. So if you load a FTSE futures data file, the tick value will be 5 ( 5) and the min move 0.5 points. Once you have advanced to the first bar of the chart these variables will become locked (unchangeable), so you need to ensure that the right values are entered when you first load a new data file, but before you advance to the first bar. Commission: this is the price you pay to buy and sell one futures contract through your broker. It could be anything from 2 to 50 and is up to you to set, the value can only be entered before the first bar of a data file appears on the screen, from that point on it is fixed, until you load the next data file. |
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