MidnightRun
Sergeant
- Messages
- 186
Test Drive Winsor's 5 Expert Advisors in Real Time
- Thread starter winsor
- Start date
Tell Us Some Good News Please!
October 5, 2010 Update
What else is new? Japan’s central bank has trimmed its interest rates to “near-zero” i.e. between 0% and 0.1% to stimulate the country economy. The IMF worries over the fragile global financial system. The jobs market is slow.
It is funny how you read the head lines. In one day, you get all the bad news, and it does not matter where you read. The next day some good news comes out, and the market rejoices. A good analogy of the market is a baby. A baby cries but he is instantaneously happy when you give him a bottle or pick him up. Are the speculators like babies? Give them one piece of good news, they will drive the market up regardless of previous bad news. I never understood fundamental trading; hence, I will stick to technical trading where I excel.
First it was Jasmine breaking the $5,000 profit and now Leah is on its way. Leah’s account balance stands at $14,172 with $620 floating profit, see attached chart. I like expert advisors because they are not trading signals. They are actual trades, which are not open for interpretation. I understand that some of you don’t want to give up the adrenaline rush of trading. My suggestion is to have two trading accounts: one for automated trading and one for manual trading. This way you can have your cake and eat it too.
October 5, 2010 Update
What else is new? Japan’s central bank has trimmed its interest rates to “near-zero” i.e. between 0% and 0.1% to stimulate the country economy. The IMF worries over the fragile global financial system. The jobs market is slow.
It is funny how you read the head lines. In one day, you get all the bad news, and it does not matter where you read. The next day some good news comes out, and the market rejoices. A good analogy of the market is a baby. A baby cries but he is instantaneously happy when you give him a bottle or pick him up. Are the speculators like babies? Give them one piece of good news, they will drive the market up regardless of previous bad news. I never understood fundamental trading; hence, I will stick to technical trading where I excel.
First it was Jasmine breaking the $5,000 profit and now Leah is on its way. Leah’s account balance stands at $14,172 with $620 floating profit, see attached chart. I like expert advisors because they are not trading signals. They are actual trades, which are not open for interpretation. I understand that some of you don’t want to give up the adrenaline rush of trading. My suggestion is to have two trading accounts: one for automated trading and one for manual trading. This way you can have your cake and eat it too.
Update Leah Reaches $5,000 Profit after 4.5 months of Trading
October 6, 2010 Update
Leah has been doing phenomenon during the past few weeks. Looking at Leah’s last seven trades, we got six winners and one loser. All of the six winning trades were buy trades and the one losing trade was a sell trade. Jasmine and Leah are trending systems; hence, when there is a continuous raise or fall in the EURUSD, these two systems tend to do extremely well. The total gain for the last seven trades was $1,224 or 1,224 pips, see attached chart. Don’t expect this type of return every month as the market does not trend up every month. Learn to budget and save some pips for the raining months.
October 6, 2010 Update
Leah has been doing phenomenon during the past few weeks. Looking at Leah’s last seven trades, we got six winners and one loser. All of the six winning trades were buy trades and the one losing trade was a sell trade. Jasmine and Leah are trending systems; hence, when there is a continuous raise or fall in the EURUSD, these two systems tend to do extremely well. The total gain for the last seven trades was $1,224 or 1,224 pips, see attached chart. Don’t expect this type of return every month as the market does not trend up every month. Learn to budget and save some pips for the raining months.
Currency War: China vs. the Rest of the World
October 7, 2010 Update
Today Canada joined the rest of the world in stating that the yuan is under value. Basically, China is keeping its currency artificially low in order to aids its exporters. In August of this year, China’s trade surplus reached in access of $20 billion, a bit lower than its July surplus of $29 billion. This trade surplus is not something new. The US began running a trade surplus with China since 1985. The nation with trade surplus tends to have a saving surplus; hence, there are a lot of Chinese billionaires. In recent weeks both US and Europe have criticized Chinas over its undervalued yuan.
This reminds me of 16th century, where China’s role in the global economy led to the influx of massive amounts of silver from the new world. Back then Europeans bought Chinese goods with silver and much of its originated from the mines of Spanish America. The British wanted to expand trading relation and wanted to use something else beside silver that they could trade for Chinese goods. Opium was the solution and the British was successful in reversing the flow of silver from China. Opium was the silver bullet back then. Do you want to guess on the next silver bullet that is going to bring the down the Chinese economy? 100 points will be rewarded to Gryffindor if you are able to identify the solution.
Enough of the trivia as it will not pay for our new Lexus. Let’s look at Jasmine trading systems. Since May 21, 2010, it made over 400 trades. Roughly, 210 trades were long trades, and 195 trades were short trades. Our system is well balanced as it has a similar number of buy and sell trades. We started our account with $10,000, and today it is at $16,322 trading one mini lot, see attached chart. This is 60% return in four and a half month, see attached chart. When someone makes 20 - 30 trades and is still profitable, he may be lucky. It takes skills and a trading edge to be profitable after 400 trades. There is no secret to our success: our maximum stop loss is 100 pips and our maximum take profit is 260 pips. Repetition is the mother learning: cutting your losses short and letting your profits run.
October 7, 2010 Update
Today Canada joined the rest of the world in stating that the yuan is under value. Basically, China is keeping its currency artificially low in order to aids its exporters. In August of this year, China’s trade surplus reached in access of $20 billion, a bit lower than its July surplus of $29 billion. This trade surplus is not something new. The US began running a trade surplus with China since 1985. The nation with trade surplus tends to have a saving surplus; hence, there are a lot of Chinese billionaires. In recent weeks both US and Europe have criticized Chinas over its undervalued yuan.
This reminds me of 16th century, where China’s role in the global economy led to the influx of massive amounts of silver from the new world. Back then Europeans bought Chinese goods with silver and much of its originated from the mines of Spanish America. The British wanted to expand trading relation and wanted to use something else beside silver that they could trade for Chinese goods. Opium was the solution and the British was successful in reversing the flow of silver from China. Opium was the silver bullet back then. Do you want to guess on the next silver bullet that is going to bring the down the Chinese economy? 100 points will be rewarded to Gryffindor if you are able to identify the solution.
Enough of the trivia as it will not pay for our new Lexus. Let’s look at Jasmine trading systems. Since May 21, 2010, it made over 400 trades. Roughly, 210 trades were long trades, and 195 trades were short trades. Our system is well balanced as it has a similar number of buy and sell trades. We started our account with $10,000, and today it is at $16,322 trading one mini lot, see attached chart. This is 60% return in four and a half month, see attached chart. When someone makes 20 - 30 trades and is still profitable, he may be lucky. It takes skills and a trading edge to be profitable after 400 trades. There is no secret to our success: our maximum stop loss is 100 pips and our maximum take profit is 260 pips. Repetition is the mother learning: cutting your losses short and letting your profits run.
Happy Thanksgiving from Canada!
October 10, 2010 Update
If you are living in the US, your Thanksgiving Day is in November. In Canada, we celebrate our Thanksgiving in October. Canada is geographically further north than the US; hence, our harvest season arrives earlier than the American harvest season. Previously, we celebrated our Thanksgiving in either late October or early November, but it was moved to the second Monday in October to avoid having Thanksgiving and Remembrance Day (November 11) in the same week. Even though Thanksgiving was declared a national holiday in 1879, it was moved for convenience. Life is all about convenience. For those of you that are still hanging onto your trading indicators, sooner or later, you will move toward expert advisors because of convenience. Resistance is futile. You will be assimilated.
If you don’t see the benefits of expert advisors, you will never use them. Let’s have a look at our Jasmine trading system. We are six open EURUSD buy trades with 146 pips floating profits, see attached chart. Four and a half month ago, we started our account with $10,000, and we now stand at $16,067, a 60% gain. This is 6,000 pips gain, and if it were compounded, it would make a world of different in our results. As you're aware, I am not a big fan of compounding; hence, we will continue our fixed lot trading.
Wishing everyone a Thanksgiving filled with joys, warmth, and happiness.
October 10, 2010 Update
If you are living in the US, your Thanksgiving Day is in November. In Canada, we celebrate our Thanksgiving in October. Canada is geographically further north than the US; hence, our harvest season arrives earlier than the American harvest season. Previously, we celebrated our Thanksgiving in either late October or early November, but it was moved to the second Monday in October to avoid having Thanksgiving and Remembrance Day (November 11) in the same week. Even though Thanksgiving was declared a national holiday in 1879, it was moved for convenience. Life is all about convenience. For those of you that are still hanging onto your trading indicators, sooner or later, you will move toward expert advisors because of convenience. Resistance is futile. You will be assimilated.
If you don’t see the benefits of expert advisors, you will never use them. Let’s have a look at our Jasmine trading system. We are six open EURUSD buy trades with 146 pips floating profits, see attached chart. Four and a half month ago, we started our account with $10,000, and we now stand at $16,067, a 60% gain. This is 6,000 pips gain, and if it were compounded, it would make a world of different in our results. As you're aware, I am not a big fan of compounding; hence, we will continue our fixed lot trading.
Wishing everyone a Thanksgiving filled with joys, warmth, and happiness.
Is It Time to Sell the Yen?
October 11, 2010 Update
According to the BBC business report, the record low for the dollar is 79.75 yen back in April 1995. Will we see this level again in the next few months? Not if the Bank of Japan has its way. A few weeks ago, BoJ sold the USDJPY in order to weaken the value of the yen vs. the US dollar. It did not work as the USDJPY continued to go north. It is like baseball, where BoJ will get several attempts before striking out.
Due to the Bank of Japan frequent momentary intervention, it is the reason why I don’t trade the USDJPY. I developed 5 expert advisors trading the 3 majors EURUSD, GBPUSD, and USDCHF and avoided the USDJPY. I think that 5 expert advisors are enough. In today update, Jasmine is currently in 6 open EURUSD sell trades with a floating profit of +372 pips, see attached chart. Subsystems 1 & 3 got into the sell trades on October 11, 2010 at 04:00 and are floating with +120 pips each. As always, for Jasmine our maximum stop loss is 100 pips, and our maximum take profit is 260 pips.
October 11, 2010 Update
According to the BBC business report, the record low for the dollar is 79.75 yen back in April 1995. Will we see this level again in the next few months? Not if the Bank of Japan has its way. A few weeks ago, BoJ sold the USDJPY in order to weaken the value of the yen vs. the US dollar. It did not work as the USDJPY continued to go north. It is like baseball, where BoJ will get several attempts before striking out.
Due to the Bank of Japan frequent momentary intervention, it is the reason why I don’t trade the USDJPY. I developed 5 expert advisors trading the 3 majors EURUSD, GBPUSD, and USDCHF and avoided the USDJPY. I think that 5 expert advisors are enough. In today update, Jasmine is currently in 6 open EURUSD sell trades with a floating profit of +372 pips, see attached chart. Subsystems 1 & 3 got into the sell trades on October 11, 2010 at 04:00 and are floating with +120 pips each. As always, for Jasmine our maximum stop loss is 100 pips, and our maximum take profit is 260 pips.
MidnightRun
Sergeant
- Messages
- 186
Have You Tried Australian?
Winsor,
Have you tried Australian dollar? It has been quite volatile over the past year or so and its range has been quite high. If not - why?
Thank you.
Winsor,
Have you tried Australian dollar? It has been quite volatile over the past year or so and its range has been quite high. If not - why?
Thank you.
Applying Portfolio Theory in Forex Trading
October 12, 2010 Update
Many of you as wrote to me asking which trading systems to use in your live accounts. So here is my generic answer that I am giving everyone.
My trading style is swing trading, with the principle of cutting my losses short and letting my profits run. Each of my trades is placed with a maximum stop loss of 120 pips and a maximum take profit of 280 pips. With my trading strategy, I only require 45% winning percentage to be profitable in Forex trading. When you see one of my trading systems winning, DO NOT ENTER! My best advice is that after a string of winning trades, a trading system will give some profits back to the market; hence, don't enter during a string of winning trades. Enter only when a system is LOSING or going through some drawdown. During a drawdown, a system has already absorbed some of the losses; hence, you will benefit more on the upswing.
My second strategy to trading is diversification. I have developed five trading systems with low correlation to each other, i.e. all five trading systems are not supposed to win at the same time, and all five trading systems are not supposed to lose at the same time. Using these five trading systems, I create an investment portfolio to generate the highest expected return for a given degree of risk. It is the overall of the portfolio performance that I am going after not the individual trading system. The point is to make money in any market conditions based on the net performance of the portfolio. Avoid picking multiple trading systems that tend to perform well together during the same period. As the market turns, these trading systems may also perform poorly at the same time. It is better to develop a balance portfolio instead of a bipolar performance portfolio.
Attached is a snapshot of Leah account. We are up +$4,782 and are floating with +$112 profit. I am off to my evening conference and am looking forward to make more connections.
October 12, 2010 Update
Many of you as wrote to me asking which trading systems to use in your live accounts. So here is my generic answer that I am giving everyone.
My trading style is swing trading, with the principle of cutting my losses short and letting my profits run. Each of my trades is placed with a maximum stop loss of 120 pips and a maximum take profit of 280 pips. With my trading strategy, I only require 45% winning percentage to be profitable in Forex trading. When you see one of my trading systems winning, DO NOT ENTER! My best advice is that after a string of winning trades, a trading system will give some profits back to the market; hence, don't enter during a string of winning trades. Enter only when a system is LOSING or going through some drawdown. During a drawdown, a system has already absorbed some of the losses; hence, you will benefit more on the upswing.
My second strategy to trading is diversification. I have developed five trading systems with low correlation to each other, i.e. all five trading systems are not supposed to win at the same time, and all five trading systems are not supposed to lose at the same time. Using these five trading systems, I create an investment portfolio to generate the highest expected return for a given degree of risk. It is the overall of the portfolio performance that I am going after not the individual trading system. The point is to make money in any market conditions based on the net performance of the portfolio. Avoid picking multiple trading systems that tend to perform well together during the same period. As the market turns, these trading systems may also perform poorly at the same time. It is better to develop a balance portfolio instead of a bipolar performance portfolio.
Attached is a snapshot of Leah account. We are up +$4,782 and are floating with +$112 profit. I am off to my evening conference and am looking forward to make more connections.
Selling the US Dollar on Monetary Easing
October 13, 2010 Update
Here is the deal, if the US unemployment remained too high or prices too low, the Federal Reserve will step in to provide additional momentary policy accommodation i.e. printing more money. This is done to stimulate the US economy and to keep interest rate ultra low. What does this mean for US investors or Global investors? They will invest in higher yielding currencies and avoid US currency due to its ultra low yield. As you can see today the EURUSD hit 1.4001 and then retraced back to 1.39129. If the second monetary easing is to take place, we may see the EURUSD going up to 1.4500. Tomorrow news can come out, and it may change the outlook all together.
I hope that you are keeping track of all these fundamental news, since they are contradictory at times. Technical traders have it easy as they only need to read their charts to see if the trend is moving up or down. Fundamentalists must gather all the news and then add weight factors to analyze their impacts. As for me and my army of followers, we look at our balance and equity from our expert advisors’ trades once or twice a day, and we are good. We read the news or look at the charts because we are curious to see what is going on in the world. As of today, our Jasmine trading system is at +$6,683 profit. It is currently in 3 EURUSD buy trades and 2 sell trades with $107 floating profit. As always for Jasmine trading system, our maximum stop loss is $100 and our maximum take profit is $260, see attached chart. I guess the people trading with expert advisors like us have the easiest tasks.
October 13, 2010 Update
Here is the deal, if the US unemployment remained too high or prices too low, the Federal Reserve will step in to provide additional momentary policy accommodation i.e. printing more money. This is done to stimulate the US economy and to keep interest rate ultra low. What does this mean for US investors or Global investors? They will invest in higher yielding currencies and avoid US currency due to its ultra low yield. As you can see today the EURUSD hit 1.4001 and then retraced back to 1.39129. If the second monetary easing is to take place, we may see the EURUSD going up to 1.4500. Tomorrow news can come out, and it may change the outlook all together.
I hope that you are keeping track of all these fundamental news, since they are contradictory at times. Technical traders have it easy as they only need to read their charts to see if the trend is moving up or down. Fundamentalists must gather all the news and then add weight factors to analyze their impacts. As for me and my army of followers, we look at our balance and equity from our expert advisors’ trades once or twice a day, and we are good. We read the news or look at the charts because we are curious to see what is going on in the world. As of today, our Jasmine trading system is at +$6,683 profit. It is currently in 3 EURUSD buy trades and 2 sell trades with $107 floating profit. As always for Jasmine trading system, our maximum stop loss is $100 and our maximum take profit is $260, see attached chart. I guess the people trading with expert advisors like us have the easiest tasks.