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Cast Iron Man (By stevetrade)

Gain : +33.2%
Drawdown 31.72%
Pips: 598.9
Trades 986
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

Cast Iron Man Discussion

stevetrade (stevetrade)
Apr 22 2010 at 18:58
1408 posts
I'll look into it, sometimes there are differences though as the account that feeds Tradency is a demo FXPro account. Sometimes that account raises trades that don't get raised in the live account and vice versa.

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.
stevetrade (stevetrade)
Apr 23 2010 at 12:43
1408 posts
Okay I've checked and it was as I suspected the live platform did not raise the order when the demo one raised it. FxPro have been messing about with the live account, I've been getting misquotes and disconnections. I think they know how the robot works and are doing their best to stop it raising the orders they think have a high probability of success. Since GBP/JPY has been on a good run for the robot recently they're probably targeting that pair!

I am in the process of opening an MB Trading account. Once I have done this I will transfer my live trading over to there.

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.
biqut2 (biqut2)
Apr 23 2010 at 16:09
33 posts
Your system sounds interesting, I read you section on tradency. Is this a system that might work better on a more honest broker?

stevetrade (stevetrade)
Apr 27 2010 at 08:16
1408 posts
Thanks Brandon, it certainly would.
I've just opened an account with MB trading which I will be funding this week.
From May onwards I will be putting both CIM version 3 and CIM version 4 on it and they're going to have a little competition to see which is the better!

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.
biqut2 (biqut2)
Apr 27 2010 at 11:44
33 posts
Do I need to sign up at MB trading to follow the progress or will it be posted here? I'm really interested but am still new to forex, I would like to stay with my current broker Gain Capital, as they have built a little trust from me. I notice MB has a lot smaller spreads on their website, is this essential to make your system work?

stevetrade (stevetrade)
Apr 27 2010 at 11:59
1408 posts
Hi Brandon,
All progress is going to be posted here. I'm actually having to rethink MB Trading as I've just realised that there is a chance if I ran both robots on the same account that I could end up with two opposite trades on the same currency, which would be construed as hedging. As US brokers don't allow hedging it looks like I'm back to square one with looking for an ECN broker I can run this on.

From an investment perspective, broker is completely independent. You would just need to use one of the brokers that Tradency has a relationship with. However, the better the spread, the better the performance.
Steve

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.
stevetrade (stevetrade)
Apr 30 2010 at 09:13
1408 posts
I've decided to stick with FxPro on this account for several reasons.

1) It's only an account testing/demonstrating the ability of Cast Iron Man. As such using it with a middle of the road broker will demonstrate that it can be profitable even without using the best brokers. Not everyone has the finances to open an account with some of the better brokers.

2) I've built up six months of live trade history which I am loathe to let go of. If I do at some stage decide to market this robot it will be with live trading history to back it up along with the backtest results.

3) I did open an account with MB Trading but from next month I will be pitting Cast Iron Man version 3 against the new version 4 of the robot on the same account. There was a small chance that the two robots could end up in what could be considered a hedged position due to the nature of the orders raised. So I can't go ahead with that. So, I've upped the funding on the account and from next month I will split out by Magic Number to show the two versions. So far this month version 4 is slightly ahead but it's going to be a photo finish I think.

Steve

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.
biqut2 (biqut2)
Apr 30 2010 at 11:38
33 posts
I don't see on the fxpro website where they have managed type accounts like tradency (maybe i'm over looking it) If that a situation where you would do a manged account using this system?

stevetrade (stevetrade)
Apr 30 2010 at 11:48
1408 posts
Hi Brandon,
FXPro don't deal with Tradency and to be honest, if I was starting this from scratch I would not use FxPro. As I already had an account open with FXPro when I started the live test I used that to make life easier :)

The performance of the robot is indicative of the kind of performance you would expect from your typical middle of the road bucket shop broker.

I have had people ask about managed accounts previously on my blog and I have considered the idea but I would need to generate a certain level of interest before I set that up.
Steve

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.
biqut2 (biqut2)
Apr 30 2010 at 11:51
33 posts
Okay that's understandable, never hurts to ask.

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