SharePosts by Excalibur
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I used Tradency for several months both on demo’s and a live accounts. Tradency's platform is very good. The problem is not with Tradency but the strategies they offer.
There are other signal providers that offer the same signals but then they have much better alternatives available. Check the ratings of the ones you are using on Tradency against the other signal sites and see how they compare.
After I gave back most all I made using Tradency, I decided to try something else. I am not using other strategy providers, but day trading myself.
Happy Trading.
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I no longer use Tradency. If you want a further explanation, please email me. [sad]
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I have Firemoon trading currently.
Both PowerGrid (GBPUSD) and FireBird (CADJPY) have good returns for the past 30days and are comparable for 90 days.
In the last 180 days:
Firebird rolled over starting on 10/13/2010 thru 10/31/2010 with a $-3766.85 loss of -307.9 pips.
Powergrid may take 4 positions however during the same time period, 10/17/2010 to 10/27/2010 it experienced a $-1735 loss of -173.5 pips.
In the last 30 days:
Firebird 223.9 pips: Powergrid 3333.8 pips, neither had any downdraw, so its a hard decision but I prefer Powergrid because it has a history of less down draw since ......
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So yesterday I decided to try zipsignals with Ace -Fxtrader on a demo account with FXCM. After running it this afternoon, I am down buy $1500 on $100k. It does not look pretty. The trial runs 10 days.
Could you please clarify the significance of the red or green triangle? I am not sure how that would impact choosing a strategy. For instance, I would choose a T-Score of 9.91 with a red triangle over a T-Score of 8.65 with a green triangle? Thoughts?
I agree that controlling max open positions would be valuable but I would not eliminate a strategy just because it opens 4 positions if it has a ......
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After careful evaluation and discussions with FXCM and Tradency, you need to use only strategies that are above a T-score of 9. The higher the better. I have tried to evaluate currency correlations, diversity of currency pairs, etc. but in the end its really just the best T-score that matters. Of course some strategies make a lot but then they risk a lot. I think you could potentially do well using Tradency but need to be careful. Only 1-2% of the strategies they offer are good but I hope that changes. Until it does I am going to stay with them but I'm always looking for other choices.
I was......
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I demo tested FXCM, Alpari, FXDD and FXOpen all using Tradency at the same time. FXCM had the best results, followed by Alpari and FXDD. FXOpen did not work at all for me.
After testing Tradency for months, I opened a live account with FXCM. In the last two weeks I have made over 10% return. I still have a demo (separate from live) where I test strategies. I have been very lucky lately, pushing the strategies to the limit and have made a lot of paper money. My demo account is up 50% in one week however I am very analytical and spend a fair amount of time at it.
The demo results are exactly ......
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