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Algorithmic trading system


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Just gone through reading this article on ALGORITHMIC TRADING.

 

http://www.thegoldandoilguy.com/articles/algorithmic-trading-system/

 

Would like to know if any one have tried the system and its profit capability.

 

The system was designed by chris vermeulen

 

http://www.algotrades.net/

 

His new book is out

http://www.algotrades.net/technical-trading-mastery-7-steps-win-logic/

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  • 10 months later...
Has anybody tried the system ?

 

How much money should wou spend to a trading system based on an idea ?

just checking their website, no need to spend much time to decide this just another old school ways of marketing.

if you're a trader never buy a product built by internet promoter! :), find somewhere else where traders gather.

here's a requirement for autotrade provider on myfxbook, a trader must have a proven track record :

What is a proven track record consist :

A connected real and verified MetaTrader 4 account with Myfxbook with at least 3 months history.

Drawdown of no more than 50%.

Return of at least 10% and higher than drawdown.

Average pip win per trade of at least 10.

Average trade time over 5 minutes.

System must not use any martingale/grid techniques.

An account balance of at least $1000.

At least 100 trades.

have a close observation upon their feature no need to hurry, it would take times to get well known how to read trader performance statistics, and the only their lack is, not all brokers platform support seem they also had a strict process for brokers, personally i'm still with armada markets ecn account, which been supported this feature for years, but i'm just nearly a year linked my account, but now i'm getting use to is, and got so many trading knowledge much wider rather than just reading some fx article, tips and trick etc...

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