Forward Test Advanced Hedger 6 Started 21-12-2011
Multiple Pairs
Wednesday 21 December 2011
Tuesday 20 December 2011
Test 3 Hedger 2 Step 9 2
Forward Test 3 Hedger 4 Step 9 2 Started 16 -12 - 2011
Multiple Pairs
Test 2 - http://myforexexperiments.blogspot.com/2011/11/test-2-hedger-4-step-9.html
Multiple Pairs
Test 2 - http://myforexexperiments.blogspot.com/2011/11/test-2-hedger-4-step-9.html
Test 1 - C Hedger DD 2
Forward Test 2. Started 19-12-2011
Runs on 1 currency. Trades Multiple currencies
Test 1 - C Hedger DD
Forward Test 1 Started 15-12-2011
Tuesday 13 December 2011
Test 1 - WRD
Forward Test 1 - WRD Started 13-12-2011
USDJPY
AUSUSD
NZDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
Test 1 - WAVlad
Forward Test 1 - WAVlad Started 13-12-2011
USDJPY
AUSUSD
NZDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
Thursday 1 December 2011
Trading with $10
Is it possible to trade starting with $10 using a Forex Robot?
Sure it is. In fact it is a good project to show how I trade with automated systems.
First of all we need a plan.
So here it is:
I need a system that trades for a couple of hours a day and it has to be at a time I can afford some time.
Here is the one I have found RSI 1
I am going to change a few parameters, but nothing too much from the test I performed before.
I changed the time it trades slightly. Now it is trading for only 2 hours a day.
It is a scalpiing system. Scalping is good for me because I dont want to be watching it all day and night.
If you look at the previous test it was a pretty big loser. Why would I even conciser to trade with this bot?
Here is a really big secret - Just about all automated systems can be profitable. Weather it is a scalper or swing trader or weekly trading bot. They simply need a bit of help by real people. So hopefully I can turn this bot into a big winner.
The help i am going to give the bot is this.
I will only trade if the market is looking right. If there are big trends or large movements I dont trade.
I let the bot open the trades and hopefully close them. If it cant close i will help it. If it looks like it cant reach its target I will intervene.
At the end of the 2 hours trading time I am looking to close all trades. I dont want a loss, but I will accept a small loss if the market is not looking good.
If market is moving in the correct direction I will let the trades run longer then my take-profit to maximize returns.
That is about it for the system. It is simple and all I have to do is stick to it and not get attached to any trade.
Money Management is the most important part of all trading. To work out how much to trade you need to know what your worst loss is going to be. Knowing your worst loss you can work out how much you are willing to risk.
This bot is a scalper and it has a fairly high-stop loss. In fact the stop-loss is so high that I never plan on getting close to it. I will close losing trades quite close to their opening positions so my losses will be small. Because they will be small I can use a quite aggressive money management system. Also I am only trying to make a smalll profit, so the high lot size is necessary.
Importantly I am trading with money I cant afford to lose. So weather it is $10 or $100000, I am not going to risk losing money.
I am looking to trade 0.01 lots for every $50 in the account.
So if I get up to $200, I am trading with 0.05 lots. If I drop back to $150 I am trading with 0.04 lots.
The difference between Demo and Live trading.
The difference for long term trading is very small. If you are scalping though there is a real difference.
I am trading live with a broker using Metatrader MT4 Platform. The broker gets his market feed from the banks. My market information comes from the broker. It is not the same as from the bank. The broker can easily change the spread on my end to suit his needs as he is not going to lose money. So When I want to buy the spread might be more then I can accept. The same goes for when I want to sell. All I can do is send through an order at a price and hope the dealers price is within my acceptable slippage range. With scalpers it is a bit of a game trying to get the best price.
With a demo the spreads are never as volatile as with real trading . So you could make money on a demo, when with real trading you could be losing.
Although my broker has Straight Through Processing with no dealing desk, I believe the prices are still manipulated in the brokers favor.
Sure it is. In fact it is a good project to show how I trade with automated systems.
First of all we need a plan.
So here it is:
I need a system that trades for a couple of hours a day and it has to be at a time I can afford some time.
Here is the one I have found RSI 1
I am going to change a few parameters, but nothing too much from the test I performed before.
I changed the time it trades slightly. Now it is trading for only 2 hours a day.
It is a scalpiing system. Scalping is good for me because I dont want to be watching it all day and night.
If you look at the previous test it was a pretty big loser. Why would I even conciser to trade with this bot?
Here is a really big secret - Just about all automated systems can be profitable. Weather it is a scalper or swing trader or weekly trading bot. They simply need a bit of help by real people. So hopefully I can turn this bot into a big winner.
The help i am going to give the bot is this.
I will only trade if the market is looking right. If there are big trends or large movements I dont trade.
I let the bot open the trades and hopefully close them. If it cant close i will help it. If it looks like it cant reach its target I will intervene.
At the end of the 2 hours trading time I am looking to close all trades. I dont want a loss, but I will accept a small loss if the market is not looking good.
If market is moving in the correct direction I will let the trades run longer then my take-profit to maximize returns.
That is about it for the system. It is simple and all I have to do is stick to it and not get attached to any trade.
Money Management is the most important part of all trading. To work out how much to trade you need to know what your worst loss is going to be. Knowing your worst loss you can work out how much you are willing to risk.
This bot is a scalper and it has a fairly high-stop loss. In fact the stop-loss is so high that I never plan on getting close to it. I will close losing trades quite close to their opening positions so my losses will be small. Because they will be small I can use a quite aggressive money management system. Also I am only trying to make a smalll profit, so the high lot size is necessary.
Importantly I am trading with money I cant afford to lose. So weather it is $10 or $100000, I am not going to risk losing money.
I am looking to trade 0.01 lots for every $50 in the account.
So if I get up to $200, I am trading with 0.05 lots. If I drop back to $150 I am trading with 0.04 lots.
 |
| 5 days of trading. Balance $59.68 |
The difference between Demo and Live trading.
The difference for long term trading is very small. If you are scalping though there is a real difference.
I am trading live with a broker using Metatrader MT4 Platform. The broker gets his market feed from the banks. My market information comes from the broker. It is not the same as from the bank. The broker can easily change the spread on my end to suit his needs as he is not going to lose money. So When I want to buy the spread might be more then I can accept. The same goes for when I want to sell. All I can do is send through an order at a price and hope the dealers price is within my acceptable slippage range. With scalpers it is a bit of a game trying to get the best price.
With a demo the spreads are never as volatile as with real trading . So you could make money on a demo, when with real trading you could be losing.
Although my broker has Straight Through Processing with no dealing desk, I believe the prices are still manipulated in the brokers favor.
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