* I have no interest in selling this system. * I have no interest in renting this system. * I have no interest in giving copies of this system to anyone. * I have no interest in managing any accounts for anyone else. * This is an automated system managing a DEMO account.
I am posting this stats page as public page rather than a private page because I believe in absolute transparency whenever possible.
DEMO accounts are great for forward testing strategies without risking a capital investment.
Please understand that profitability on a DEMO account does not guarantee profitability on a LIVE account, and that any results on a DEMO account should be considered very carefully by anyone intending to use those trades in a LIVE environment.
This is a fully automated system which uses a neural network in an attempt to analyze market data in real time.
This system is highly experimental, and should not be considered stable enough to trade in a live environment at this time.
Once this system has shown a solid profitability for a period of at least 3 months, I will then give this system access to a live account for further research and testing.
My target for profitability is 10% per month with a maximum drawdown not to exceed 30%.
Demo account blew out due to the system trading too large of lot sizes during a priority news event. Demo account is dead, so I'm considering this test phase done. Next step is to add a method of monitoring the calendar of events, and to create a limit on lotsizes that can be traded.
Phase 1: Completed. Demo trade account is dead. Result of the system not watching for news events, too large of lots and too many orders open at once.
What's up next? * limit number of maximum trades. * limit the maximum lotsize allowed. * monitor a calendar of events for news that might have an impact on trading.
My opinion? I would say that overall it was a successful test phase because it shows one of the major reasons auto trading system fail. They are incapable of self adjusting to market conditions.
I will post more when the next version of the system is ready for testing.
Phase 2 testing trades started about 10pm last night (New York time).
It looks like it anticipated the Japan Yen move about an hour before it happened. Could be a coincidence, but it still looks good. Currently it's targeting 10pip moves.
As it gets 'smarter' the pip targets should get larger, and it should then start using a pretty solid money management system as well. First I am teaching it base entry strategy analysis and then I will be teaching it more accurate money management.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.