Test Drive Winsor's 5 Expert Advisors in Real Time

[winsor]

Bernanke and the Raise of the Stock Market

December 6, 2010 Update

In a recently interview with CBS “60 Minutes”, Bernanke argued that the economy remains fragile, and he defended his bond buys citing an at-risk economy. The purchases are intended to lower long term interest rates, to lift stock prices and to encourage more spending. Theory is that lower yields on bonds would cause people to shift money into stocks. Higher stock prices would boost the wealth and confidence of individuals and businesses. It is OK that your mortgage is underwater. If your stock portfolio is doing well, you are more likely to spend more. This will lift incomes, profits, and economic growth. There is a potential side effect here. This could spur inflation and speculative buying on Wall Street while doing little to simulate the economy.

Back to our automated forex trading system Jasmine, last week Jasmine has recovered all of its drawdown for November. Its current equity is 17,258 with six open trades. Jasmine is bullish at the moment with 5 EURUSD buy trades and 1 EURUSD sell trade. As always, its maximum stop loss is 100 pips, and its maximum take profit is 260 pips. See attached chart.

 

[winsor]

Three Simple Rules to Profitable in Forex Trading

December 13, 2010 Update

According to the A&A Contract Customs Brokers Economic Digest for December 2010 –
Iraq has raised the estimate of the country's proven oil reserves to over 143-billion barrels, an increase of almost 25 per cent. The new figure puts Iraq third in the world in terms of known reserves, after Saudi Arabia with 266-billion barrels and Canada with 178-billion barrels if the oil sands are included. It is food for thought as why the US will continue its interest in Iraq.

I apologize for not posting regularly for the last two weeks. I have been working with the MT5 trading platform and loving it. It is the no hedging that has been driving me up the wall. This is pure evil – maybe we all can start a partition to get Metaquotes to allow hedging. For US brokers that don’t support hedging then that is their problem not us, the retail traders. Back to our Leah automated trading system, we are currently floating with +478 pips from three buy EURUSD trades. As always, our maximum stop loss is 100 pips, and our maximum take profit is 240 pips. Leah’s equity is $15,554 with is equivalent to 55% in the last six months. See attached chart.

I just want to remind everyone who is following my trading systems:

1) Don’t expect every month to be a winning month. If you do then you are setting yourself up for failure.
2) Always trade with a stop loss. This will minimize the impact on your account in an event of a bad trading or a violent market movement.
3) Focus on yearly results not the monthly performance. Monthly results are created by marketers and scammers to simulate your greed; hence, avoid falling for this trap.

 

[winsor]

December 2010 Performance Report for Winsor’s Five Automated Trading Systems

December 15, 2010 Update

Below are the trading results of my five expert advisors since May 21, 2010 (7 months).

Haley = -988 pips (-9.9%) after 441 trades with GBPUSD
Jasmine = +8,456 pips (84.6%) after 664 trades with EURUSD
Leah = +5,577 pips (55.8%) after 596 trades with EURUSD
Mellisa = -915 pips (-9.2%) after 455 trades with USDCHF
Sienna = -854 pips (-5.5%) after 775 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

http://www.ctsforex.com/trial_install/CTSFOREX_dot_COM.zip
1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.


Here is the magic secret to profit in the Forex market…


There is no Holy Grail to profit in the Forex market. It requires hard work, patient, and time.

Everyone is running around looking for the Holy Grail in trading. The bulk of the problem is the marketers and scammers promoting such magic bullet. Last year was the Turbo FAP, then the MegaDroid and, etc. If a trading system is profitable and can trade with 95% accuracy, why would they sell it to you for $99? Everyone is looking for the easy way to become a multimillionaire over night. Every week, there are hundred of new forex forum threads promising unbelievable trade results. Stop wasting your time to look for the Holy Grail. If there was one, I would have found it.

 

[winsor]

Even Top Trading Experts Get it Wrong for 2010

December 17, 2010 Update

I came across this article on Dailyfx with all the experts confessing their mistakes for 2010. It is a worthwhile reading as there is so much emotion and the desires to be correct. None can predict the market and it is a fallacy that experts know best. As I have stated earlier: computer does not have greed, fear and lack of discipline; hence, it has a huge advantage in trading compared to professional manual traders. My five trading systems are based on high probability trades and they don’t claim high winning percentage per the experts.

Forex @ DailyFX - Top Trading Mistakes of 2010

The computer does not apologize when a trade went bad. The most important point is making more money when it is right. This is why we have our maximum take profit of 280 pips and our maximum stop loss of 120 pips. Below is the snapshot of Jasmine trading system. Its balance is $18,242 representing 82% return in the last seven months. Jasmine is currently holding four sell trades and two buy trades of the EURUSD with a floating profit of 519 pips.

If you have been following us for the last 7 months, please vote/vouch for this thread. Your contribution is greatly appreciated as we will continue to make our trading more transparent to all the followers.

 

[winsor]

I Challenge You to Take the Forex Trading Quiz

December 20, 2010 Update

During the weekend, I finished reading the book Quantitative Trading; How to Build Your Own Algorithmic Trading Business by Ernest Chan, Ph.D. If you think you are a good Forex trader, I would like to challenge you to take the following quiz? These questions are based my understanding of the book.

Reality check questions for forex traders:

1) Did you know that maximum drawdown, and maximum drawdown duration do not typically occur over the same period? Yes or No
2) Have you heard of a portfolio of securities, and that it can be applied to a portfolio of strategies? Yes or No
3) Is it true that most traders will often override their trading systems (automated or manual)? Yes or No
4) Is Behavioral Finance a field of financial research that studies irrational financial decision making? Yes or No
5) Do you have enough savings to withstand inevitable losses? Yes or No
6) Do you need immediate profits to sustain your daily living? Yes or No
7) Do you love the thrill and danger in trading? Yes or No
8) Are you over confidence that your trading methodology will provide imminent or instant wealth? Yes or No
9) Is the pain from possibly losing some of the current profits outweighs the pleasure from gaining higher profits? Yes or No
10) After a big loss, do you immediately modify your trading strategies? Yes or No

Please answer the above questions honestly and write down the answers on a piece of paper. If you are a forex Ace then I would like to encourage you to share your answers with us on this forum.

Attached is the screen capture of Leah trading system. Its balance is $15,356 representing 53% ROI during the last seven months of trading. It is currently holding five sell EURUSD trades with a floating profit of $437.

 

[winsor]

A belated Merry Christmas and a prosper 2011

December 27, 2010 Update

A belated Merry Christmas and a prosper 2011. Thank you very much for following our five automated trading systems for the last seven months. If you find that our trading systems are beneficial, please vouch and vote for our thread.

Our target is 15,000 pips for 2011 or 35% return on investment per annum, and we hope that you will be part of our journey. I wish you the very best for 2011.

Sincerely,

Winsor Hoang

 

[winsor]

+12,332 Winning Pips since May 21, 2010 for Our Followers

January 3, 2011 Update – Wishing Everyone a Prosper Happy New Year 2011
Please vouch and rate us on our thread, your support is greatly appreciated. We have provided +12,332 winning pips since May 21, 2010 for our followers.

Below are the trading results of my five expert advisors since May 21, 2010 (7 months).

Haley = -1,688 pips (-16.9%) after 466 trades with GBPUSD
Jasmine = +9,222 pips (92.2%) after 712 trades with EURUSD
Leah = +5,871 pips (58.7%) after 638 trades with EURUSD
Mellisa = -545 pips (-5.5%) after 475 trades with USDCHF
Sienna = -528 pips (-5.3%) after 818 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

http://www.ctsforex.com/trial_install/CTSFOREX_dot_COM.zip
1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.

Please vouch and rate us on our thread, your help is greatly appreciated. We have provided +12,332 winning pips since May 21, 2010 for our followers.

 

[winsor]

China’s Foreign Currency Reserves Dominant

January 5, 2011 Update

Per the BBC Business news, China will continue to buy more Spanish government bonds depending on market conditions. China has the largest population in the world and also has the largest amount of foreign currency reserves. Recently, the World Bank has issued bonds denominated in Chinese yuan to promote the use of Chinese currency in the international market. China will eventually become the third largest lender after the US and Japan.

Back to our Forex automated trading system. Jasmine continues its profit raid as it is on track to break the 10,000 pips milestone. You can say it is luck, good timing, or superb trading strategy. We will never get any warnings from the Forex God; hence, you always trade with a stop loss. Currently, Jasmine’s balance is at $19,275 with $614 floating profit, see attached chart. As always, Jasmine trades with a maximum stop loss of 100 pips and a maximum take profit of 260 pips.

 

[winsor]

Answers to the Trading Challenge Questions

January 10, 2011 Update

For those that are interested, here are the correct answers to the trading questions. If your answers are different, feel free to comment.

1) Did you know that maximum drawdown, and maximum drawdown duration do not typically occur over the same period? Yes
2) Have you heard of a portfolio of securities, and that it can be applied to a portfolio of strategies? Yes
3) Is it true that most traders will often override their trading systems (automated or manual)? Yes
4) Is Behavioral Finance a field of financial research that studies irrational financial decision making? Yes
5) Do you have enough savings to withstand inevitable losses? Yes
6) Do you need immediate profits to sustain your daily living? No
7) Do you love the thrill and danger in trading? No
8) Are you over confidence that your trading methodology will provide imminent or instant wealth? No
9) Is the pain from possibly losing some of the current profits outweighs the pleasure from gaining higher profits? No
10) After a big loss, do you immediately modify your trading strategies? No

Back to our automated trading system, Jasmine has been a phenomenon for the past few weeks. Remember that no trading system will continue to win all the time. Now is not a good time to compound your trading lot size. So far, Jasmine has yielded 100% return on investment within eight months and this is done without compounding trading lot size. See attached picture. Currently, Jasmine is holding two sell and three buy EURUSD trade. As always, the maximum stop loss is 100 pips, and the maximum take profit is 260 pips. Ensure that your brokers allow hedging; else you will not benefit from Jasmine trading system.

 

[winsor]

January 2011 Mid-month Performance Update

January 14, 2011 Update

Below are the trading results of my five expert advisors since May 21, 2010 (8 months).

Haley = -1,114 pips (-11.1%) after 485 trades with GBPUSD
Jasmine = +10,897 pips (+109.0%) after 742 trades with EURUSD
Leah = +7,358 pips (+73.6%) after 665 trades with EURUSD
Mellisa = -1,328 pips (-13.3%) after 490 trades with USDCHF
Sienna = +576 pips (+5.8%) after 840 trades with EURUSD

View my real money accounts updated daily with this link

winsor's Profile | Myfxbook

If you haven’t downloaded my software, below is the link again. The installation takes 30 seconds. Feel free to forward the software to a friend.

http://www.ctsforex.com/trial_install/CTSFOREX_dot_COM.zip
1) Download the zip file onto your desktop
2) Unzip the file and follow the README text file.

Please vouch and rate us on our thread, your help is greatly appreciated. We have provided +12,332 winning pips since May 21, 2010 for our followers.