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£8000 bank,1,2,3 or 4 methods?

Discussion in 'Forex Company Comparisons' started by Julian Thompson, Jun 15, 2011.

  1. Julian Thompson

    Julian Thompson Recruit

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    Hi Everybody,

    Long time lurker, first time poster so apologies if a stupid question...

    I have around £8000 available to me to 'invest' plus some money to 'buy' some systems and after a lot of research I've come to the conclusion that (roughly in order) Forex Morning Trade / Turbo, Forex Growth Bot, MegaDroid, 4 Hour Trader and Winning Dow Signals are of interest to me and 'appear' to 'work'. As you can robably tell I'm leaning quite heavily to EA's as I really don't want to spend hours glued to a screen.

    I either want some hard and fast rules I can follow (I am very disciplined) or an EA that does what it's supposed to.

    My aim is to grow my bank and whilst I realise £8000 isn't a huge sum I'd like to think I can grow the capital by around 5% per month (laugh at this stage if you want) and I am prepared to take moderate risk.

    My question is two-fold; firstly, does it make more sense to diversify my bank across 2,3 or 4 of the above methods or would I be better off sticking to just one method and secondly I'd appreciate any comments from actual users of any of the above mentioned services / tools.

    On a final point, ForexJackal (Phd system) by Andy Thompson (no relative), any views as this one seems low on the radar apart from obvious affiliates.

    Many thanks for your time.
     
  2. Pharaoh

    Pharaoh Colonel

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    Just piling on EAs (same or separate accounts) won't guarantee better results.

    One very intriguing idea I read about once went something like this:

    Get to know your EAs very carefully. Learn what market conditions each does best in. Then activate and deactivate each as market conditions change.

    Someday, I'll get out of the illegal gerbil DNA modification business and will give this concept a try.
     
  3. Julian Thompson

    Julian Thompson Recruit

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    Thank you Pharoah and that does make sense although surely only by running multiple EA's (if only with minimum amounts) would allow me to track and then work out which conditions suit which EA's...?

    Any other thoughts from any other people please?
     

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