Alpari Systematic

winsor posted: Patience, I am with you as I am only targeting 40% a year. Most Forex traders are greedy and want to compound their trading results as if there were no tomorrow.

BTW, be careful with Tradency systems as the maximum drawdown over the period of 10 years are not published. All trading systems go thru a period of drawdown and it is best to understand the risk and drawdown before entering a system.

Wow - I think 40% is probably too much to expect. I'm still waiting for a trade to be executed. I'm dying to see it in action. These traders must be smart - not trading on a low liquidity holiday like today. I may have a chance to make some demo money yet. If not, looks like I'll have to look at Zipsignals.

@ Elkart - I should have worked that out - if Alpari is down then FXCM would be down - doh! You can see why I don't mess around with EAs.

Don't think they have one that's made even 2 years!!

Elkart posted:
    Don't think they have one that's made even 2 years!!

You mean Tradency doesn't have a system that is older than 2 years?

No, scrub that, I've just sorted the systems. There are some from 2006.

Don't quote me on that but I think so...I must be honest I didn't really look, I just slapped on the 20 best looking ones to see what happens, and non of them was over 2 years old. Oldest I saw about 1 year.

Did those make money?

There are 12 systems from 2006. 10 of these systems are from the same provider. 6 of their systems made money, 4 lost money. But each system didn't make any more than 25 trades. Over 4 years? I'm gonna have to look into it more. Such a lot to look through.

No, me being a drop kick again. I needed to select 'since inception' and 'get' to see all their trades. Now they have 5 systems that made money and 5 that didn't since 2006 from the same provider. The other two systems from 2006 (different providers) both had losses - just a mere $24,000 and $96,000 in losses - rofl.

Patience,

3 out of my 5 expert advisors achieved 40% return in 2009 with fixed lot trading.

Patience & Elkart,

I am wondering if you two can help me out. After 15 months of live Alpha testing, I just released my Beta software. My 5 EAs are targeting 40% ROI per year with fixed lot trading. So far, I have offered a demo of my trading software on the experienced trader forum under ' Winsor's Five Trading EAs in Real Time' but am only getting responses from newbies. Can you two help me out by joining my discussion at

https://www.myfxbook.com/community/experienced-traders/winsors-five-trading-eas-real/39764,1#?pt=2&p=2&o=39764

Greatly appreciated,

Winsor

Winsor - well that's a positive result! Well done!

I've never messed around with EAs but I'll see if I can think of someone from FF that uses EAs (that's experienced) and refer them to your thread. Do you hang out at FF? Thinking about it, I do know someone at FF that's really experienced who only trades (and writes) EAs. I'll see if he might be interested if you like.

[EDIT] I've just sent him a PM so if he's interested, he'll no doubt be in touch.

Winsor,

I'm still checking you out china!! Kidding.....!!!

Newbies are your bread and butter though if your systems work. Very enthusiastic bunch. Not burnt to a crisp and cynical like the old timers.

Patience,

I just looked by the pairs and took whichever EA had the highest dollar value.

Patience,

Thanks for helping me out. I really like myfxbook as it is really well organized with lots of thought put into it.

Elkart posted:
    Patience,

I just looked by the pairs and took whichever EA had the highest dollar value.

But since you've whacked 20 systems on what is your leverage if all positions were opened simultaneously? I thought I'd try to run a fairly realistic demo - I've only opened a demo with $20,000 NZD - they don't have GBP as an option. I've just whacked another system on which takes me to 1:11.64 leverage but two of these systems are GBP/JPY so I'll probably delete one of them. I'm also trying to be good with correlations. Don't want the system to be too one-sided.

@ Winsor - you're welcome. Hopefully he can give you a hand.

I'm not really sure how they do the margin thing. It kept on getting bigger as I added the systems. I haven't used more than $600 margin on $10 000 and I haven't seen a draw down of more than $1000.

Seems to be just fine with 20 systems.

Elkart posted: Seems to be just fine with 20 systems.

Yeah, until that Black Swan event happens or GFC No. 2 - lol. I am a little uncomfortable at true leverage of 1:12 (assuming all positions are opened simultaneously). In my own trading I usually start off a trade with 1:2 cos I'm never very good with entries and it gives me a chance to add a litte lower if appropriate (or choose another currency). It also enables me to have wide stops and no panic room situations. It's just the way I like to punt.

But I needn't worry at this stage because after Day No. 1 - no positions have been opened so far and it's a demo (I'm really trying to pretend it's real). And they should offer micro accounts if the minimum deposit is $2,500. I wouldn't even bother using this system if I had to trade mini-lots with only $2,500 but that's just me. May as well kiss your money goodbye.

I agree.

The idea was more to test Tradency, see how it works, get some sort of idea which systems appear to be working. I didn't want to wait for trades. If I ever went live I'd just take the best few systems.

But I won't be able to tell that in 30 days and the projected results are nowhere close to even the demo trades, never mind live. So in effect there is no way to evaluate it with any form of confidence.

But after a week I think it's no go as a proposition. You can spend years playing with the thing and not make a cent.

I wake up to see that my first two trades have been initiated on AUD/CAD and guess what, they are in profit! Since I adhere to the school of never let a green trade turn red, I've moved the stops to a little more than B/E since the trades are over 30 pips in profit. No limit has been set by the system or myself at this stage. Guess I could pull up a chart and look for the next resistance.

Did you see that they have a 'reverse strategy' option on systems? I found that extremely funny. So you can take the worst performing system and reverse the strategy. And the fact that you can trade manually as well is nice. So if the systems get you into a right mess, you can at least try to minimise the damage.

Reversing systems don't work, they also fail equally well.

I'd be rich already if that worked...!!
 

Yeah, I've never tried that strategy when I've had a losing streak. Do the opposite of what you think. It would be just my luck to reverse the losing system and then it would start winning. Well I closed the two trades - too early as usual - saw that it had done 93% of ADR and not being a greedy person was happy to pocket $137.00 demo dollars. Now it's done 137% of ADR. What a difference a day makes. Risk is on man. No other trades have been initiated yet.

Elkart posted:
    Reversing systems don't work, they also fail equally well.

I'd be rich already if that worked...!!
 

As an experience system developer, I can vouch for Elkart that reversing systems do not work. It may work for a short period of time but in the long run it will fail. It is more of a marketing scheme than anything else.