system4 (by pinball) Einfache Statistik
Gewinn: +2236.44%
Drawdown: 74.29%
Pips: 2516546.7
Trades: 20812
Gewonnen:
Verloren:
Typ: Real
Hebel: 1:50
Handel: Automatisiert

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system4 Diskussion
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pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Dec 03 2009 at 12:28
My system is currently coded to run on oanda API only. I am willing to help someone else set somthing similar up at their own computer , or host it for them. However, the system is no way failsafe - it will only work as long as the dollar keeps falling, and then only if it does so in an orderly fashion. I am quite sure but i haven't bothered to go through all the transactions that myfxbook is misstating the system growth here, growth is probably more in line with system5 than what this graph shows. I think myfxbook have a problem calculating growth when there are deposits and withdrawals.

I cannot easily set up a money managerment business as the legal stuff demands huge outlays on my part (located in Denmark, EU). However, i would be willing to help others get their own system running, if i was paid well for my efforts.

There are lots of risks when entering the market with this system at this time

These are just a few of them

operational

oanda API could change, and system could stay idle for days while i try to change the coding to the new oanda API.
oanda could change terms and then you would have to find another broker with very small lot sizes
These systems need a little supervision. currently the program (or rather the oanda API) tends to crash somewhere betweeen once a week and onc a day, and at that point you have to press a few buttons to restart it. if it is not running you could miss opportunities, or take on too much risk bc the program didnt' downsize the positions as it was supposed to do
wherever the system runs, there have to be a reliable internet connection with reasonable bandwith.

investment risks

dollar has already fallen qute a lot since 1.2x eurusd- the very easy money have already been made
gold and silver usually corrects dramatically at some point during a rally similar to this one. the crsah could be so severe that most of the money in the accounts would be lost. All systeme except system8 have a relatively high gold and silver exposure
if usa starts hiking rates, or starts talking about it, usd might rally very hard, that could make the systems loose most of their money. risk of this happening grows every day, as we have to have higher rates out of the us fed at some point
system8 is in lots of currencies. if one or two of them devalue sharply (as we saw in the asian crisis for instance) system8 could be in big trouble, perhaps even almost wiped out.

cost considerations

The API costs 600 usd a month which must be paid to oanda
on top of that i would want some money for creating a system for You, as well as some money ongoing for making myself available for support etc.
Due to these cost, You would have to start up with a sizable amount of money as you have to pay these costs out of profits. (or be ready to pay the costs on an ongoing basis and let the system accumulate a fortune)

What i can sell is a program , installation and support.

If someone out there have a lot of money, setting up something professional might be possible. I do own my own company (running my own systems), and own part of a research company that will perhaps some day grow into a hedge fund (currently running unrelated systems to the ones i have here). i have already coded the system for the oanda money management platform and have been trading demo accounts with the management module. That project was stranded bc to be a legal money manager i'd have to pay like DKK 5 million into my company to please the danish banking authorities. For now, the system is running live on my own acounts.


I think the reason i have made good money with the system is a combination of a smart and well thought out approach which captured a lot of different possible scenarios, and a market that did exactly as i had generally predicted.

Personally i currently have 26292 euros invested in the 7 systems, the total currency exposure is 456779 euros

knowledge as well as smarts are needed to make money.
Sebastionay

Mitglied seit Nov 22, 2009  4 Beiträge Sebastian Ryan (Sebastionay) Dec 04 2009 at 02:30
I know it costs lots of money to be a money manager in denmark where you live, however that makes you a citizen of the EU where you would be entitled to manage accounts in the UK or another EU state where much smaller outlay is required surely.

pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Dec 04 2009 at 07:34
I'd like to hear from anyone who have experience or knowledge reg. such a setup. We could use it perhaps in my other company (have profitable trading systems, but not enough funds to want to go hedge fund or account manager due to the steep legal and financial demands of danish financial authorities for managed accounts managers). Basically i'd like to supply trading signals or trade other ppls accounts electronically and get fees determined by performance. Put in between any number of companies to make it work. Would prefer trading computers to be hosted in Denmark, but anything goes. (already got technical expertise needed)

knowledge as well as smarts are needed to make money.
mueco1977

Mitglied seit Nov 03, 2009  1 Beiträge mueco1977 Dec 05 2009 at 13:13
Hello Dennis,
What do you use? EA ??
If EA, please tell me what is the name of the EA and where i can find this EA.
Thanks

You can work and earn money but you don´t forget your Family and the Fun!
pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Dec 05 2009 at 22:39
I use a program i have written myself, in C#, the program utilizes the oanda API for trading.

knowledge as well as smarts are needed to make money.
pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Dec 05 2009 at 22:46
NAV update. As per 2009 dec 05, 23:42 CET, NAV is 2686
(NAV consists of cash balance plus value of open positions. System is using euros as system currency)
A huge usd rally and commodity correction friday hit the system hard.
Correction seems to be over and it is hopefully back to a declining dollar, and rising profits going forward

knowledge as well as smarts are needed to make money.
pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Dec 12 2009 at 15:37
NAV update. As per 2009 dec 12, 16:35 CET, NAV is 1450
(NAV consists of cash balance plus value of open positions. System is using euros as system currency)
A huge usd rally and commodity correction friday (again) hit the system hard.
Will take quite some renewed usd weakness to win back the big losses.

knowledge as well as smarts are needed to make money.
pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Dec 21 2009 at 03:25
NAV update. As per 2009 dec 21 04:23 CET, NAV is 1174
(NAV consists of cash balance plus value of open positions. System is using euros as a system currency)
Dollar continued to strengthen into friday, so we took another round of losses

knowledge as well as smarts are needed to make money.
pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Dec 28 2009 at 14:45
As per 2009 dec 28, 15:44 CET, NAV is 1218

knowledge as well as smarts are needed to make money.
pinball

Mitglied seit Oct 24, 2009  159 Beiträge Pinball (pinball) Jan 04 2010 at 02:33
As per 2010 jan 4, 03:32 CET, NAV is 914

knowledge as well as smarts are needed to make money.
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EURUSD 1.17574 GBPUSD 1.32505
USDJPY 112.47 USDCAD 1.29029

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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.