My experiences with FX Autotrading a live account

Discussion in 'Automated Trading' started by FX245, May 15, 2007.

  1. FX245

    FX245

    I received this private message:

    hI
    I HAVE LEARNT THAT YOU are experimenting with various auto trading platforms .Pl guide me.

    I have working knoweledge of English,as I have learnt English as third language(i.e.OPTIONAL) in INDIA.

    I have traded stocks on NSEINDIA.Please share your methods which have given best results in forex.


    when I tried to answer I got this message: "xxx has chosen not to receive private messages or may not be allowed to receive private messages. Therefore you may not send your message to him/her."

    that's why I answer in here:

    Dear Mr. Stock trader,

    all my methods are documented in the threads on this forum. please ask in here what else you need to know.

    Cheers, FX245
     
    #131     Jun 14, 2007
  2. FX245

    FX245

    daily statement of 13JUN2007 - see attached.

    We had a negative day in a boring week.

    1 closed trades: ATRChannel GBPUSD -46
    1 floating trade: ATRChannel GBPUSD -28

    starting balance: 6000 (14MAY2007)
    current balance: 6825 (+13.8%)
    current equity: 6797 (+13.3%)
    forecasted yearly equity P/L: +89 %

    few trades for the moment, still waiting for the first EspritFX signals.
     
    #132     Jun 14, 2007
  3. FX245

    FX245

    daily statement of 14JUN2007 - see attached.

    We had a 'nothing-happened' day in a boring week.

    0 closed trades
    1 floating trade: ATRChannel GBPUSD -12

    starting balance: 6000 (14MAY2007)
    current balance: 6825 (+13.8%)
    current equity: 6837 (+13.0%)

    can someone explain me why this is such a boring week? why so few trades?
     
    #133     Jun 14, 2007
  4. FX245

    FX245

    #134     Jun 14, 2007
  5. FX245

    FX245

    #135     Jun 15, 2007
  6. Great idea on the Google spreadsheets. Very nice looking. I guess you just need to share them, make them publicly viewable. You certainly are a spreadsheet/chart guy. I think I will need to start adding some charts to give my blog a little more impact.

    Minnelli
    http://minnelli.com/forex
     
    #136     Jun 15, 2007
  7. FX245

    FX245

    Minnelli discovered a possible 'mistrade' documented here:
    /// FX Auto (FXDD Auto) - Trade Dispute - Customer Service ///
    http://minnelli.com/forex/2007/06/15/fx-auto-fxdd-auto-trade-dispute-customer-service/

    So I checked my ATR Channel fills & compared them to the signals:

    The GBPUSD_S1 signal (see attached) from 15/06/2007 13:01:07:
    <Signal>
    SystemName=ATRChannel
    Command=OpenOrder
    SubCommand=Market
    BuySell=Buy
    Currency=GBPUSD
    Rate=Market
    StopLoss=1.9674
    TakeProfit=2.0071
    NumPositions=1
    SubsystemName=GBPUSD_S1
    </Signal>

    If I look at my open trades, then I see the following fill:

    GBPUSD_S1
    15/06/2007
    16:01:52
    Buy
    open price: 1.9742
    stop loss: 1.9674
    take profit: 2.0071

    similar situation for the GBPUSD_S2 signal from 15/06/2007 13:00:20

    if I look at the historical signals & fills on ATR Channel, there is always a 3 hours difference between the reported signal & the reported open trade ... this must have to do with timezone-issues ...

    I did not receive an out-of-money email like Minnelli did ...

    so at first sight nothing exceptional for me here ...

    fx-auto, could you please explain me the timezones on signals & trades ?

    Cheers, FX245
     
    #137     Jun 15, 2007
  8. FX245

    FX245

    daily statement of 15JUN2007 - see attached.

    We had a slow day in a slow week.

    3 closed trades:
    -28 +16 ATR Channel
    +13 Forex Fighter KO
    2 floating trades:
    ATRChannel GBPUSD +14 +8

    starting balance: 6000 (14MAY2007)
    current balance: 6824 (+13.7%)
    current equity: 6844 (+14.1%)
    forecasted yearly equity P/L: +98 %

    have a great weekend !
     
    #138     Jun 15, 2007
  9. FX245

    FX245

    A picture is worth a 1000 words ... :) ... and this is an area where fx-auto has a lot of opportunities to develop further ... have a look at some advanced chart analysis you can do on C2, comparing different signal providers. In this case it is:

    1- SNIPER 4X (I guess that this is the same as SniperFX on fx-auto, new there since mid-april): very impressive track record on C2 since jan2007: Compound Annual %: 389.1% over 126 days

    2- Team Aphid Bird (we have that one on fx-auto): quite impressive on C2: Compound Annual %: 161.6% over 142 days

    3- Forex Fighter KO (in my portfolio), doing very very strong on C2: Compound Annual %: 227.8% over 320 days

    4- Positive Forex (not yet on fx-auto - would be an excellent addition), this is a topper on C2: Compound Annual %: 300.3% over 400 days

    C2 does a great job in graphics & analysis ... (but hate the google ads - that makes it look so cheap..) ... but it still not clear to me how to autotrade using their system ... will look into that later.

    Cheers, FX245.
     
    #139     Jun 16, 2007
  10. FX245

    FX245

    In playing around a bit with C2, I find it a great way to research different signals (of which several are available on fx-auto).
    A neat feature is 'The Grid', that shows the different signals, with good filters and great stats.

    Attached are the top 20 forex signals on C2 according to the Sharpe ratio. some are quite new (say less then 40 trades), so we disregard them for the moment

    ... the top 12 therefor is:
    - team aphid bird (on fx-auto)
    - Sniper FX (on fx-auto)
    - ForexEmail (on fx-auto)
    - Positive Forex (not on fx-auto)
    - Gold Survivor Forex Port (not on fx-auto)
    - Bulls-Eye Trade Signals (not on fx-auto)
    - VN Forex Club (not on fx-auto)
    - EdCheong FX (not on fx-auto)
    - Forex Fighter KO (on fx-auto)
    - Trend Trader (not on fx-auto)
    - LTR FX (not on fx-auto)
    - FX Paradise (not on fx-auto)

    4 of the C2 top12 on fx-auto. that's 25% ... more room for development ;)
     
    #140     Jun 16, 2007