Tradency Review Scores

Hi,

Check out the 'Auto - ....' systems. they seems to be working well on EURUSD

I started demoing this on at Market open this week. I do like the fact that this is demoing on real prices instead of a demo feed. after eliminating and excluding the joke strategies that wound up in the portfolio I am up about 200 pips. and that is running a sl of 50 and a limit of 30 on each trade.

They do need a better system though. When will these providers not accept signals that will draw down your account zero without question. I dont know if they do this now but however the provider gets paid shouldent happen unless the stratagy makes a profit on the trade. It would clear out the trashy ones I think. Yes they do the t-score thing, but if I remember my demo of zulu trade, which was horrid, they have a something like that as well.

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.

Excalibur posted:
    I no longer use Tradency. If you want a further explanation, please email me. 😞

I am thinking of opening up Tradency acct using fxcm.

I am curious if you are using other strategy providers such as zulutrade or zip signals.

Thank you,
Vladimir

paulwetherill posted:
    has anybody got any comments regarding copypastepips signal srevice

I joined them on a trial yesterday using a $1000 mini demo
They have two .01 us/chf buys in up 3 pips each
one us/cad .01 up 52 pips
one euro sell .03 up 25 pips
so so far so good.

If they are any good at the end of the week I know how to get the signals at 1/8 price

I no longer use Tradency. If you want a further explanation, please email me. 😞

since the end of Sep i made about $2500. currently i have Auto Euro and Vp Nova. i think i'll remove VP-Nova and add firemoon. see attach screen shot

<a href=''><img src=''/></a>

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 inception (both Jan 2010) not because it has taken more pips in 30 days.

Since I am a US trader, I am not able to select more than one strategy for each pair. 😭

However since both have T-Scores below 9.0, I am reluctant to use either.

Antisthenes (AUDUSD) scares me to death with loss of 471 pips in the last 14 days along with many others.

Thank you magma for sharing your thoughts. Ex.

I have only one strategy in my account 'firemoon'! I don't know it's not showing up when I apply my rules.

to explain about the 4 max op let's give real example

PowerGrid (GBPUSD) P/L: 3200 for the past 30days
FireBird (CADJPY) P/L: 2700 for the past 30days

Now which one you will choose, most people will say the first one, correct?

But I will go for the second because the first one will open 4 positions (so it's like selecting 4 strategies together) it's like that there are 4 employees working for you to get you 3200 while in the second scenario it's only one employee. got it?

I judge strategies based on their performance up to 90days but I check beyond the 90days to see the performance.

Anther thing I do is to select more than one strategy for each pair, for example instead of 2 lots for Tiverlustek (NZDUSD) I choose 1 lot for Tiverlustek and 1 for Tactico

by the way, what strategies you are using.

p.s. hope that the programmer of Antisthenes (AUDUSD) can solve the issue of the loosing trades 😞

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 great T-Score.

'Rinse and repeat every weekend' is so true.

There are few startegies that meet your criteria except my personal favorite Firemoon.

When you review strategies, do you use 30, 60, 90 days.....180 days etc? I usually start with 30 days then work up to 24 months and then down to the last 7 days.

you are right, I have some rules for selecting strategies:
1- must be 9+ T-Score or 8 and increasing (green triangle)
2- must be 3 max open position at time, the best 2
3- Draw down must not exceed 200pip for the last 2 months (and be careful for 0 draw the account must be big enough for -200pip)
4- winning trades must be at least 90%
5- Rinse and repeat every weekend !!!

I'm also looking for signals provider, I found several almost all of them were scam but there is one claiming +1000pip every month! (the fx guru com) 2 months ago it was free but now it's paid site but till now I don't know if it's scam or not

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 just looking at zipsignals do you have any experience with them using a signal like Ace -fxtrade?

Excalibur posted:
    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 the same as the live results.

Is anyone aware of another similar system that does as well or better?

Finally, there is somebody making money out of the tradency platform!

I tried to find another platform but it seems the tradency is best among them (although there are a lot of missing features)

There are some major issues with tradency strategies, for example:
1- a strategy could be very very profitable this month but next it will keep losing trades till the last $ in your account (why is that, each strategy should be monitored by the owner and tradency)

2- Except very few strategies all of them will go -50 or -150 pip then will make + 15 to 20pip profit in each trade (what is that!!)

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 the same as the live results.

Is anyone aware of another similar system that does as well or better?

Personally, my account with FXCM it's called FSS but you can go to Alpari, FXDD and few others.

This is a golden advice: don't open real account now! open trial account with the same amount you have (I think FXCM will let you choose the amount) it's not as easy or profitable as it looks like!!! after 4 months of signing up I just started making (small) profit and I will need 4 to 5 months to cover my losses.

The idea behind the tradency is much butter than the other automated platforms because you can choose a currency pair from one provider and another from another provider but that's not enough.

There are a lot of things you need to control it yourself.

Thanks Magma, so I have to open a broker account through them, right?
Do you know what is the best or at least a reasonable broker for trading through Tradency?

It's web based tradency platform.

Hi everyones,
Can I manage my account through the website or it is required to use MT4 or other trading platform? I see one of their tutorials and its platform seems to be the Trading Station of FXCM. Any opinion about the systems they are offering?
Thanks!

@myfxb1 and @pampam: it's 2 pip per trade