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Winsor's Five Trading EAs in Real Time

winsor (winsor)
Sep 22 2010 at 04:37
303 posts
We Racked in with the EURUSD Moving Up 200 pips

September 21, 2010 Update

With today FOMC announcement on maintaining the benchmark interest rate at 0.25% with cautious outlook on the US economy, the EURUSD shot up 200 pips. Yes, the economy is at a depressed level, and the household spending is slow. Your average high school kids or your spouse could have told you that, but it takes Uncle Ben to concur for the market to undulate.

I love news not because I am a fundamentalist or a news trader. I want lots of news everyday to create volatilities in the market. The nice thing is that my five expert advisors take care of the trading, and I just need to check on my five expert advisors.

Quick update on Leah, our subsystem 4 got in at the bottom of the EURUSD with a stop loss of 100 pips and a take profit of 240 pips. Currently, it is floating with 226 pip profit. See attached chart for Leah's account.



chanak
Sep 22 2010 at 14:26
3 posts
Winsor,
Interesting experiment. I just have a simple question - if your systems are so consistently profitable, why wouldn't you just trade your own account and make as much money as you would want? Even starting with just $10k, you could be a millionaire in a year, and a billionaire or more in 2 years. So why would you be soliciting for chump change like $33/mth fees for the EAs? Even assuming you sign up 1000 clients over a year, it would still return you less than your systems do, with the added burden of managing that business. I am a reasonably successful forex trader, though not with such magnificent results as your systems. I expect to slowly build my account to the millions in a couple of years, having started with less than $10k. I am happy enough for myself, I don't plan to advertise or sell my methods, and I don't want the burden of managing other people's money. I honestly don't understand why anybody with a successful method would see the need to sell that method. It just doesn't pass the commonsense test.
Cheers.

stevetrade (stevetrade)
Sep 22 2010 at 14:33
1408 posts
Altruism could be one reason.
Wanting to get to your financial goals faster another.

I completely understand some people's urge to enable others to succeed with their goals in life and Winsor should be applauded if this is his aim. It's funny but a lot of people I know that have got to the point where they no longer have to work actually then find within themselves a burning desire to help others move towards this goal and then make that their life's work. It's generally the people striving towards financial freedom that don't understand this desire and often question it.




11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
chanak
Sep 22 2010 at 14:46
3 posts
Steve,
Making money is inherently a competitive activity. The market is a battlezone, a zero-sum (in fact negative sum) theatre. I don't see any examples of altruism in the business / money-making world. Charity is a different matter. People earn their money, and then give to charity in ways that are far removed from their main business. Does Bill Gates coach Steve Jobs, or vice versa? Does Goldman Sachs put its trading algos into the public domain 'to help others reach their financial goals'? Does a local bakery with a hot selling chocolate cake share the recipe with its rival down the street out of altruism, feeling sorry for the poor widow running that bakery?
No, it still doesn't pass the commonsense test.
Cheers.

stevetrade (stevetrade)
Sep 22 2010 at 14:55
1408 posts
How did you learn to trade then Chanak?
Did you simply load up some charts one day and study them on your own in isolation until you figured everything out by yourself or did you rely on the information that traders before you were good enough to pass on - possibly for a fee?

I'm not saying for one minute that charity should enter into the equation and obviously sharing what you find with the whole world or your close competitors ( in this case the bucket shops ) doesn't make sense but if there's a quid pro quo relationship there then why not? I've actually built some close working relationships with a lot of talented traders through honesty and openness and those relationships enrich my trading knowledge and experience.

If it doesn't pass your common sense test then fair enough. It passes mine.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
chanak
Sep 22 2010 at 15:19
3 posts
Funny enough, yes, self taught. Read a lot of books, tried out ideas, lost some money, made some money, reflected on what I was doing right and wrong, got cheated a few times, learnt some lessons that way, added to my knowledge of economics, mathematics, statistics, psychology, re-read some books, read articles on the web (I started trading before the web came), kept on trying again and again, refine, re-try, learn. These days, there are many blogs and forums where people discuss trading (like this one) where one can pick up ideas. Not because somebody is offering them out of altruism, but perhaps they have a need to discuss something, an urge for community, often to brag. If one has the necessary background, one can pick up ideas. But it means nothing unless one can fit those ideas into one's own trading methodology, which requires thinking and reflection.
I have tried a few trading systems in my time, despite my reservations. In every case, they have not been worth the money spent. Even taking classes is only the first step - to really learn you have to apply the lessons in your own life. The only real teacher is experience and the lessons of trading your own money.
It seems the fabric of my life experience is of a different weave than the fabric of your life experience. Good luck to each of us!

winsor (winsor)
Sep 22 2010 at 15:36
303 posts

chanak posted:
    Winsor,
Interesting experiment. I just have a simple question - if your systems are so consistently profitable, why wouldn't you just trade your own account and make as much money as you would want? Even starting with just $10k, you could be a millionaire in a year, and a billionaire or more in 2 years. So why would you be soliciting for chump change like $33/mth fees for the EAs? Even assuming you sign up 1000 clients over a year, it would still return you less than your systems do, with the added burden of managing that business. I am a reasonably successful forex trader, though not with such magnificent results as your systems. I expect to slowly build my account to the millions in a couple of years, having started with less than $10k. I am happy enough for myself, I don't plan to advertise or sell my methods, and I don't want the burden of managing other people's money. I honestly don't understand why anybody with a successful method would see the need to sell that method. It just doesn't pass the commonsense test.
Cheers.

Chanak,
Thanks for joining my thread. If you read my posting thoroughly you will notice that I am only targeting 35% ROI per annum. Any thing above this target is a bonus. I don't claim to double or triple my account each month as risk and reward go hand-in-hand. If you do the math taking $10K with 35% return per year will take approximately 12 years to become a millionaire.

Steve,
It has been a while since we last talked. How are things going with you?

Like everyone else, I started forex trading six years ago with the promise of making $5K per day. Afterward, I found that it was a bunch of scams. If forex trading was easy, all the instructors should be billionaire instead of living off the $2,000 courses that we were paying them.

I learned my lesson the hard way and I don't want new forex traders going through what I did. New traders must reset their expectations and start focusing on lower reward. By showing my trading results in real time, it is my attempt to help other trade properly i.e. with fixed stop loss, fixed take profit, fixed trading lot size, targeting 35% return per year and etc.

I hope that you have a better understand of where I am coming from.

winsor (winsor)
Sep 23 2010 at 04:27
303 posts
Speculators Love Uncle Ben

September 22, 2010 Update

I hope that none of you were bullish on the dollar before Uncle Ben spoke. Gold hits an all time high of $1,295. The dollar index is trading at a six-month low due to speculators and the EURUSD has rallied to a new five-month high. If your stop losses were not in place, you should be feeling the pain just about now.

I know that Jasmine (+4,528 pip) and Leah (+3,665 pips) automated trading systems have been performing phenomenon lately. Let’s not get carried away and jump immediately on the band wagon just yet. Like any athletes, there are hot and cold streaks. Let’s wait for the two systems to give some back some to the market before turning them live onto your accounts.

Attached is the record for the last three trades of Leah. All three trades hit their take profit of 240 pips. This is 720 pips profit in one day, but you will need to minus several trades that got stop out earlier. See attached chart.



winsor (winsor)
Sep 24 2010 at 05:15
303 posts
Forex Trading Can More Difficult than Stock Trading!

September 23, 2010 Update

All the forex gurus claim that Forex trading is easy. In the stock market, you have thousands of companies; whereas, in Forex trading you only need to follow the 4 major currency pairs. This is a phony claim as you can focus on one or two companies to perform your day trading. It is true that Forex has the highest leverage investment; however, leverage is a double edged sword. You can win more but you can also lose more. You can think of leverage as an amplifier. All the positive results are amplified and so are the negative.

Actually, I found that Forex trading is more difficult because it short trending cycle. In stock trading, the uptrend can last several years; whereas, a currency trend is too ephemeral. It is quite difficult to switch your hat from a bullish mindset to a bearish mindset in a matter of hours. With stock trading, there is some down time to pounder and regroup; whereas, in currency trading you are in it until you have closed all your positions.

Attached is the screen capture of Haley’s account. At one point, Haley was up to +2,000 pips profit, and presently it is only up with +647 pips profit. Haley is floating with 188 pips profit and six open trades.



winsor (winsor)
Sep 25 2010 at 05:22
303 posts
Breaking the +5,000 pips Profit Milestone for Jasmine

September 24, 2010 Update

Today, the S&P 500 recovered from a three-day slump with its biggest rally in four weeks, and gold hit $1,300/oz. I remember watching an analyst last year who predicted gold hitting $1,500 early this year. That is the thing with fundamental trading, they can predict the price and trend but the time frame is in the left field somewhere. Fundamental trading is great for position trading, but it is a bit too long for my taste. Scalping is too exciting and day trading is to time consuming. That is why I like swing trading and have created my trading systems based on swing methodology. I hope that you find a trading system that fits your personality, whether it is manual or automated trading.

Jasmine is on a rampage lately and is threatening to break the +5,000 pips profit milestone. It is currently holding five open trades with floating profit ranging from 64 pips to 169 pips. As always, all of its trades have a maximum stop loss of 100 pips and a maximum take profit of 260 pips. Jasmine has 587 pips of floating profits, see attached chart.



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