SunnyDays's Posts

MANAGED ATC in Trading Systems Aug 05, 2012 at 05:15

The events of the previous week have caused me to think about adopting a new rule relative to intervening with my automated system trades. If I am up 5% on a single trade I should take profit is there is high impact news pending.Market reversals have been the norm in the last mouth and arguably for the last 3 months. The market is so sensitive to each and every perceived news release and development that Asia, Europe and the US markets are often acting as 3 nearly unrelated entities that seem to have little or no regard for what the previous market has done.Anyway, the point is my being down...

MANAGED ATC in Trading Systems Jul 01, 2012 at 21:26

Hello Everyone, A friend asked me about how my system recovered the 10% loss in basically one day. He asked if this was from my EA or if I manually helped the recovery. I thought this would be a good opportunity for me to say a bit more about my system.I have reluctantly changed the status of my system to mixed, but I say reluctantly for the following reason:My EA does most of the work in my overall system. Nearly the first two months of running this system, I was interfering with the operation of the EA (an old habit I had to break from when I had reason to interfere in the past). As I in...

PROBABILITY OF DRAW DOWN SPEED in Suggestion Box Jun 19, 2012 at 06:28

Hey friends, Sorry I did not wait until I have a very clear and organized thought to post relevant to this suggestion, BUT The idea that any system has a draw down percent is important. But wouldn't it be more telling to grasp a sense of the SPEED at which one might experience the MAX DD percent that a given system has produced?Think about the biggest downturn of a chart, this is how we measure DD in the most simple sense. Some systems go from this starting high reference point -- down -- in a very short time, while other systems may take months or longer to cover this same "distanc...

MANAGED ATC in Trading Systems Jun 02, 2012 at 06:02

Whether to trade or not to trade NFP with my system has always been one of the most difficult decisions. Nearly every time I have turned the system off I see I would of had a minimal loser or a big winner, but today i lost 3%. I'm pissed.I picked the worst time of the year to start a new tracked system. Anyway, I know what i need to do. I need to conduct a ten year study of only NFP day trades and see whether these trades are adding or taking away from overall profit, and by how much. This would be an exhausting study but one which i have always know i needed to conduct. I will update...

MANAGED ATC in Trading Systems May 31, 2012 at 04:34

LEARNING TO LET GO:In order to chronicle changes in this account I want to state that as of May 25, 2012 I have moved my system to VPS where it is much easier for me to leave things alone. As I explained in my first post, in the past I was NOT completely confident with my system because I knew that backtesting showed there were dangers with the drawdown - based on a ten year time frame. I spent nine months addressing this issue and came back with a system that produces notably less profit but has a max of 20% draw down on a 12 year backtest.I then started this new system at a bad time in th...

Asset management in Trading Systems Apr 28, 2012 at 06:11

"US brokers not very suitable for my trading style with there FIFO rules and no hedging ability."Just for the record, you are not bound by FIFO and hedging rules with some NFA regulated brokers in the US like ATC brokers. They find a way around the technical aspects of these rules. Also, other brokers in the US can get around these rules by the following means... For FIFO if you enter the first trade with a size (lets say 1 lot) then you enter trade 2 with 1.1 lot you can exit trade 2 before trade 1 and not break the FIFO rules. As long as the trade sizes are different FIFO does...

Looking for managers - large accounts in Experienced Traders Apr 28, 2012 at 05:38

Hi All, 5 Years of hard work, back-testing and development has brought me to a finished product that I am completely confident will stand the test of time. Those who know me know I've always been honest and that I was not particularly confident in the past while I was in the process of development. There were times I thought it was not possible to master consistent profit in forex. I have now come to believe that such is possible but only under the strictest of rules and back-tested strategy. I eagerly look forward to the future. I invite you to track my progress. I'm expecting 1-...

Forex Growth Bot in Trading Systems Apr 27, 2012 at 05:50

I would not say FGB is a trend trading EA, but rather a breakout EA. It seems to look for low volatility with a strong move (if you want to call this a breakout) that is in agreement with the short term momentum. This is just how I would observe it. So IMO the EA is not looking for trends but simply low volatility with a strong surge.IMO, momentum strategies are the most trustworthy strategies over time. Martingales will always destroy an account. It may take 2-3 years but it will happen. I do wonder, however, if FGB is not over leveraging as 31% DD is too high for many big money traders...

MANAGED ATC in Trading Systems Apr 17, 2012 at 17:03

A CORRECTION: I just realized that I had incorrectly calculated the average percent of gain for my strategy as taken from my 12 year backtests. I previously stated the average should be between 1-5% (which was actually a 5% average, but which I was stating as an EXPECTATION of 1-5%). The actual - corrected - average from backtesting is 11.6% gain per month BUT regardless of this figure from backtesting I will still keep my stated expectations at 1-5% per month.In my opinion a system must - MUST - produce significant profit on backtesting in order to have a CHANCE of working on live trading....

MANAGED ATC in Trading Systems Apr 10, 2012 at 05:24

Hello friends, I'm proud to announce the start of my new managed account. It has been around nine months since I closed the last managed accounts. There was no crash of the accounts. I mainly lost the profit I had made. In short, I saw loses accumulating and I began to question whether my EA and overall strategy was good enough to survive in the often volatile forex market. Here was my situation in a nutshell:I had spent several years designing EAs - focusing on one main EA - and my EA performed well on the most recent years' backtests (09 and forward). I was very excited when I ...

Emu Main - Spy in Trading Systems Dec 12, 2011 at 00:36

Good to hear things are going well Mike, I'm a little curious though. Is this an automated account where you are running the EA or is someone managing it? I only ask because you seem to indicate someone is controlling this EA. Do you know if the guy you are speaking of is doing manual trades as well?ThanksWayne

FinFx in Brokers Sep 22, 2011 at 08:54

Again, folks, please be cautious of this company - fin fx - if you are ever even close to margin, like say their cut off is below 100% for margin call, as it is, and you have 170% margin, as i did, and equally hedged in a trade, they will get you at EOD rollover -- The spread will widen out and take you out. This happen to me twice while equally hedged and no news events going on. I feel like my money was stolen and fin fx, at best, allowed it due to the kind of banks they deal with. Does a bank throw out any spread and it plugs into their system and margins clients out? Where is the lin...

FinFx in Brokers Aug 11, 2011 at 08:14

Please be cautious of this company. I have traded with them for about a year and I have experienced some losses due to errors in their feed or their system or just typical broker theft that is quite disturbing.Last night I tried to close 1 of 3 positions i was down the least on (for 170 pips) and 1 mini lot and instead a position i was down 250 pips for 2.5 mini lots closed and cost me a big loss. As to be expected they said the issue was my fault and would not help.Tonight, i tried to close a sell position in profit and the platform froze, then there was a big bull candle, and i was cashed ...

FGB in Trading Systems Jul 20, 2011 at 08:37

Hi Geldin,Any thoughts about why your results seem different than some of the other live accounts using this EA? Is it an issue with Hot Forex? What are your thoughts about this broker?ThanksWayne

Yen Master 100% Automated (Fin Fx) in Trading Systems Jun 26, 2011 at 19:49

Yeah, I jumped into the micro account without calculating my risk. Too anxious and busy with too many things. I'm not use to trading my EA with micros and as I said in my previous post, once I realized my risk level was around 30% of my account per trade (making up 2-3 individual entries) I said oh crap, I guess I can't run my EA on a micro account with only 150. I let it run anyway and took a big loss. As I previous said, my target risk size is 5% for my combined series of trades. I also said I'm doing work on the way my EA sets stop losses. Creating a successful system is go...

Yen Master 100% Automated (Fin Fx) in Trading Systems Jun 21, 2011 at 08:26

I just realized I will have to put more money in this account as I am risking a ridiculous amount of equity at the minimum trade size .01 X 3 positions. this would be around 30%.My first trade is for .03 X 3 essentially risking the account in a worse case scenario. I didn't calculate size properly in setting up the micro trading.This issue of calculating equity risk is another feature soon to be implemented so i will not have to manually try to figure the trades sizes out.So regardless of what happens with the first trade I will start the custom date later, once i get the equity issue ...

MANUAL TRADES (Fin Fx) in Trading Systems Jun 21, 2011 at 07:59

Hello Everyone,I have started trading on this account as of June 21, 2011 using my EA - YenMaster - 100% automated.http://www.myfxbook.com/members/SunnyDays/yen-master-100-automated-fin/126245This is just a real money micro account I opened 6 months ago, put $450 in, did some manual trades (too large) playing around, lost a couple hundred dollars, and took the money out.NOW I have put $150 in (to start with), and as my EA has been going through extensive development, I feel okay with running this account 100% automated, never to be touched under any conditions. This will give me a reference po...

Former MANAGED Account in Trading Systems Jun 21, 2011 at 07:55

Hello Everyone,I have started trading on this account as of June 21, 2011 using my EA - YenMaster - 100% automated.http://www.myfxbook.com/community/trading-systems/yen-master-100-automated-fin/134122,1This is just a real money micro account I opened 6 months ago, put $450 in, did some manual trades (too large) playing around, lost a couple hundred dollars, and took the money out.NOW I have put $150 in (to start with), and as my EA has been going through extensive development, I feel okay with running this account 100% automated, never to be touched under any conditions. This will give me a re...

Yen Master 100% Automated (Fin Fx) in Trading Systems Jun 21, 2011 at 07:52

Hello Everyone,I have started trading on this account as of June 21, 2011 using my EA - YenMaster - 100% automated. This is just a real money micro account I opened 6 months ago, put $450 in, did some manual trades (too large) playing around, lost a couple hundred dollars, and took the money out. NOW I have put $150 in (to start with), and as my EA has been going through extensive development, I feel okay with running this account 100% automated, never to be touched under any conditions. This will give me a reference point for my EA's performance and help me in future development.It i...

Test in Trading Systems Jun 18, 2011 at 09:12

Hey Mirgi, any comments you could share about the performance of this EA? I see a lot of varied results among different people. How is your gain positive and your overall profit negative?Best of luck with this EA and your trading in general.Wayne

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Posts by SunnyDays