* 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.