Winsor's Five Trading EAs in Real Time

Hi Winsor,

I have been taking a good look at the real accounts you have running and i still have this notion that the lot sizes are not commensirate with the equity.

I don't know how you have managed to be lucky growing these accounts but i honestly fee the mm is not ok.

on this account:

https://www.myfxbook.com/members/winsor/wwwctsforexcom-sienna-real--account/51304

over 8% is presently been exposed and could be dangerous if things go wrong.

i know that 60% of the time, the 100pips sl never gets hit but just incase something goes wrong.

Anyway, i do believe you know at you are doing judging from the fact that you have these accounts running in profits spanning over a year now.

All the best.

ForexFefuge,

Thanks for your comments. Currently the account balance is at $15.4K and I am preparing for a 2,000 pips dd. If 2,000 pips is hit with $2 per pip, it it be minus $4,000. The account will be at $11.4K and it is an acceptable level. I am currently look at the bigger picture.

ForexRefuge posted:
    'Learn how to trade manually first before you start coding'


I love this phrase so much and this is the truth.

for 3 years, i have learnt all i could concerning swing trading and i give signals and analysis using swing configurations with 80% accuracy.

As i wrote before, greed was a part of me i could'nt overcome so i simply gave up manual trading.

It was easier for me putting my method into codes simply because i have learnt the act of manual trading so every trader should invest in getting a very good knowledge of trading this crazy market manually before thinking of automation.

Good traders are bad programmers and good programmers are bad traders. Most programmers begin coding immediately without understanding the emotional roller coaster of trading. It also does not help with all these trading competitions where the winners are providing 2,000% return within 2 months. They are setting bad examples and are encouraging traders to gamble.

chanak posted: 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...

chanak, the top selling EAs in the market have been selling hundreds of copies daily earning millions annually. Check cbengine.com or download some stats file from ClickbankCSV.com if you don't believe me. Your estimation is way off the real upside of selling EA instead of trading it. Just saying... 😀

hemist posted:
    

chanak posted: 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...

chanak, the top selling EAs in the market have been selling hundreds of copies daily earning millions annually. Check cbengine.com or download some stats file from ClickbankCSV.com if you don't believe me. Your estimation is way off the real upside of selling EA instead of trading it. Just saying... 😀

How many EAs have you bought that are still profitable after one year? There are marketers/scammers and there are developers/pioneers. Developers and pioneers are after long term legacy i.e. bringing forex into the mainstream investment. Marketers and scammers are looking to make quick bucks and the consumers are the ones that suffer.

winsor posted:
    

hemist posted:
    

chanak posted: 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...

chanak, the top selling EAs in the market have been selling hundreds of copies daily earning millions annually. Check cbengine.com or download some stats file from ClickbankCSV.com if you don't believe me. Your estimation is way off the real upside of selling EA instead of trading it. Just saying... 😀

How many EAs have you bought that are still profitable after one year? There are marketers/scammers and there are developers/pioneers. Developers and pioneers are after long term legacy i.e. bringing forex into the mainstream investment. Marketers and scammers are looking to make quick bucks and the consumers are the ones that suffer.

Winsor is absolutely correct. Why do you think that we all get constantly deluged with such ads, which are becoming more commonplace on the wWw, &/or SPAM for so many ForEx products? However achieving these kind of sales of ForEx products with Marketing Drives can be substantially more difficult than actually coming up with legitimate, long term profitable and robust EAs. Which we all know is no easy task to start with by any means.
, ,
ForEx EAs have the dubious distinction of having the highest return rate of any and all digital download products! Globally!! )< 8(
, ,
FapTurbo, which I have had for quite some time now and do not find to be at all profitable, is probably the EA with the most sales. They sold about 60,000 in their first year. Do the math.
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Also like Winsor, their is a very good reason for everyone pushing to get monthly and now even weekly subscribers: Hybrid pips. Again crunching some numbers will very clearly indicate why.
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'Lottery tickets are voluntary Taxation for those that are bad at math!' (< 8)
Mind you if you don't play you can't win. But like successful (long term) ForEx traders, one has to have some self control and utilize intelligent money management.
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I tell NuBs that if they are gamblers to turn around and run away from the ForEx as fast as possible and never look back!
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Do you suppose that Martingale was statistician or a gambler or perhaps both? Their is some mathematical validity to this approach but again it requires a great deal of common sense and restraint along with good Money Management. A huge account with massive amounts of margin reserves are likely a wise requirement with such systems as well. But then this really falls into the category of Money Management.
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However please let us not get too side tracked here and take over Winsor's forum with a debate on the merits or the lack their of of Martingale systems.
I'm just saying.. . . (< 8)
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Regards,
  DougRH

speki posted:
    Eaexpert, you're right, we have many talented boys here. But are you sure the FullPips system is in profits? On my screen it's -121.3%. Yeah, the custom date filter hides the losses. 😉

Just to restore any inaccurate information, it is an old account that I had been experimenting with various commercial EA. Only trades since January 25 concern the FullPips.

FullPips posted:
    

speki posted:
    Eaexpert, you're right, we have many talented boys here. But are you sure the FullPips system is in profits? On my screen it's -121.3%. Yeah, the custom date filter hides the losses. 😉

Just to restore any inaccurate information, it is an old account that I had been experimenting with various commercial EA. Only trades since January 25 concern the FullPips.

FullPips, good jobs on your trading systems. You are on your way. BTW, it gets harder to interpret the charts and trading systems when you are displaying more than 6.

My Forex Trading Performance Update, June 1, 2011

My trading results are validated by ForexPeaceArmy.com and Myfxbook.com. Below are the trading results of the EURUSD expert advisors since May 21, 2010 (12 months).

Jasmine = +13,550 pips (+135%) after 1,179 trades with EURUSD
Leah = +9,718 pips (+97%) after 1,143 trades with EURUSD
Sienna = +5,071 pips (+47%) after 1,336 trades with EURUSD

View my real money accounts updated daily with this link

https://myfxbook.com/members/winsor

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

https://www.ctsforex.com/trial_install/CTSFOREX_dot_COM.zip

1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.

winsor posted:
    

ForexRefuge posted:
    'Learn how to trade manually first before you start coding'

Good traders are bad programmers and good programmers are bad traders.

There is certainly validity to knowing how to successfully trade profitably over an extended period of time before attempting to automate it. If one can not do this, how can they possibly be successful? Regardless if Manual or Automated.

As you indicate, both programming and ForEx trading can both very easily become obsessive and consuming in and of themselves seperately and individually. But I don't agree with the 'all inclusive blanket statement' that ALL 'Good traders are bad programmers and good programmers are bad traders.'
    You yourself an example of an exception to this 'rule' and that it is confirmation that it IS possible to do both are you not?
Their is wisdom and validity is such an approach. As with many things in life, if one cannot obtain objectivity and see things clearly as they truly are as opposed to seeing only what we want to see and our delusions; then we are lost to human frailties such as desire and greed and lack freedom required to act accordingly.
To be successful with this, One must have intimate knowledge of particulars by examining the trees and plants and animals in the forest very closely and understanding them clearly. But if one cannot transcend this and eventually include the ability to see the entire forest as well, then success with this is unlikely.
Great chess and go masters don't 'calculate out all of the odds' of all the possibilities: They see it as flows and tides and different sweeping tendencies of lines of forces.
Great military leaders know and understand very well what is if to be a common soldier of lower rank. But they must take in the larger view and be able to read and understand all of the forces at work and the possibilities and potentials and pitfalls of the current situation.
To be a successful long term ForEx (technical) trader, is this not the same?

I think Forex is too much of a good thing. 24 hours a day market lives no time for personal life. There must be trading time and resting family time. I see that those who involved in Forex trading are watching market continuously. I wonder what sense of this? The point is to trade to live not live to trade.

Chikot posted:
    I think Forex is too much of a good thing. 24 hours a day market lives no time for personal life. There must be trading time and resting family time. I see that those who involved in Forex trading are watching market continuously. I wonder what sense of this? The point is to trade to live not live to trade.

It is the thrill of the trade, the addiction of wanting to know what is going to happen next in the market. It is similar to reading a good novel and you don't want to put it down. I have been there; hence, I can relate. Once you realize that quality of life is important and that you can never predict the market, hopefully you can change and adopt other trading tools such as EAs. Some people will never give up as the adrenaline rush is to much to pass over.

SS_Gemini_1A posted:
    
. But I don't agree with the 'all inclusive blanket statement' that ALL 'Good traders are bad programmers and good programmers are bad traders.'
    You yourself an example of an exception to this 'rule' and that it is confirmation that it IS possible to do both are you not?
Their is wisdom and validity is such an approach. As with many things in life, if one cannot obtain objectivity and see things clearly as they truly are as opposed to seeing only what we want to see and our delusions; then we are lost to human frailties such as desire and greed and lack freedom required to act accordingly.
To be successful with this, One must have intimate knowledge of particulars by examining the trees and plants and animals in the forest very closely and understanding them clearly. But if one cannot transcend this and eventually include the ability to see the entire forest as well, then success with this is unlikely.
Great chess and go masters don't 'calculate out all of the odds' of all the possibilities: They see it as flows and tides and different sweeping tendencies of lines of forces.
Great military leaders know and understand very well what is if to be a common soldier of lower rank. But they must take in the larger view and be able to read and understand all of the forces at work and the possibilities and potentials and pitfalls of the current situation.
To be a successful long term ForEx (technical) trader, is this not the same?

SS_Gemini_1A, I totally agree with you. In general, good traders are bad programmers and good programmers are bad traders. It is all about statistical probability similar to winning the lottery. Millions would buy tickets; however, very few will hit the jackpot. This does not discourage people from buy tickets; however, the odds are not in their favor. My only advice is to lower your expectation about the forex market i.e. only focus on obtaining 35% per year and the money will come. If you are focusing on higher returns, you will take higher risk. With higher risk, you are liking to burn your account before you can reach the $1,000,000 goal.

I would actually prefer to read good book :)
Anyway, EA is not a panacea and if trading is limited to exchange based session like oil or stockjs it is fine but when trading takes over life it is not.
Good trader should have no emotions while trading. Those who experience adrenalin rush are just gamblers or addicts.

winsor posted:
    

Chikot posted:
    I think Forex is too much of a good thing. 24 hours a day market lives no time for personal life. There must be trading time and resting family time. I see that those who involved in Forex trading are watching market continuously. I wonder what sense of this? The point is to trade to live not live to trade.

It is the thrill of the trade, the addiction of wanting to know what is going to happen next in the market. It is similar to reading a good novel and you don't want to put it down. I have been there; hence, I can relate. Once you realize that quality of life is important and that you can never predict the market, hopefully you can change and adopt other trading tools such as EAs. Some people will never give up as the adrenaline rush is to much to pass over.

Chikot posted:
    I think Forex is too much of a good thing. 24 hours a day market lives no time for personal life. There must be trading time and resting family time. I see that those who involved in Forex trading are watching market continuously. I wonder what sense of this? The point is to trade to live not live to trade.

Chikot,
I'm doing fx as part time job, at home. don't monitor so much as we will influence by our emotion and we tend to change the auto trade settings/parameter, open/close the trade.
maybe an hour or two and that's it. as long as we have margin > 85%, no worry.
Saturday and Sunday totally off. Time to spend the time with wife and kids.

Uda, that's good. I myself prefer to trade something that is mostly exchange based so that I trade every day during some exchange open hours. Thus volatility and opportunities are abundant and I spend evenings and weekends with my family.

winsor posted:
    

SS_Gemini_1A posted:
    
. But I don't agree with the 'all inclusive blanket statement' that ALL 'Good traders are bad programmers and good programmers are bad traders.'
    You yourself an example of an exception to this 'rule' and that it is confirmation that it IS possible to do both are you not?
Their is wisdom and validity is such an approach. As with many things in life, if one cannot obtain objectivity and see things clearly as they truly are as opposed to seeing only what we want to see and our delusions; then we are lost to human frailties such as desire and greed and lack freedom required to act accordingly.
To be successful with this, One must have intimate knowledge of particulars by examining the trees and plants and animals in the forest very closely and understanding them clearly. But if one cannot transcend this and eventually include the ability to see the entire forest as well, then success with this is unlikely.
Great chess and go masters don't 'calculate out all of the odds' of all the possibilities: They see it as flows and tides and different sweeping tendencies of lines of forces.
Great military leaders know and understand very well what is if to be a common soldier of lower rank. But they must take in the larger view and be able to read and understand all of the forces at work and the possibilities and potentials and pitfalls of the current situation.
To be a successful long term ForEx (technical) trader, is this not the same?

SS_Gemini_1A, I totally agree with you. In general, good traders are bad programmers and good programmers are bad traders. It is all about statistical probability similar to winning the lottery. Millions would buy tickets; however, very few will hit the jackpot. This does not discourage people from buy tickets; however, the odds are not in their favor. My only advice is to lower your expectation about the forex market i.e. only focus on obtaining 35% per year and the money will come. If you are focusing on higher returns, you will take higher risk. With higher risk, you are liking to burn your account before you can reach the $1,000,000 goal.

1 - First things first: If one cannot and does not no how trade profitably on the ForEx, then it matters not if it is manual or automated.
2 - With so much hype about presenting the ForEx as 'Instant/OverNight wealth, it is appealing unrealistic baser desires and making for unrealistic expectations. A fairly consistent 35% per year is a very good ongoing profit. Especially with interest rates are as they are/
  Long term successful traders are VERY conservative. Some NEVER have more than a couple of percent in play at any one time at only 10-1 leverage. Without good Money Management and self control and discipline, it doesn't matter how much one makes. be it manual or automated One will lose over the long haul without these. Like the lottery, if one does not play they cannot win. Thus I occasionally but some tickets, especially if there is a large pot. But regardless of this, I never spend more than $10 maybe twice a month at the most. Thus like the ForEx, I NEVER put more than a (very reasonable) amount of money in that I can not afford to lose.

As I said before, if one has tendencies to gamble, then turn around and run away from this as fast as one can and NEVER look back. Though such people can still benefit and profit by the Forex by using 'second party agents' proven methods and sources such as yourself that approach and operate it as a successful business and not a game of chance.
ForEx trading is that 'high risk/reward' 5% ~ 10% at the top of ones investments pyramid. Though in most cases, at least unlike futures / commodities one cannot lose more than they have in their account. But it is still in the category of 'Don't put money into it that one can't afford to lose'.

Regards to all,
  DougRH

Very well said DougRH

I agree too. what sense to be able to code when not being able to trade.