chaka

Re: Forex Robot World Cup

Fusion V 1.1a sure caught my attention this morning. 355% profit in 19 days. Hmm. Let's see what's behind that curtain.

Eyebrow raiser #1: This profit result was announced in middle of February (I got it on Feb 15). But the trading results end on January 29. Why? Obviously the promoters had access to an additional two weeks of trading results which they chose not to include. Probable reason: if we saw it we would not be impressed.

Eyebrow raiser #2: I analyzed the trade-by-trade of the #2 robot (HiRider?) a few weeks back because the equity curve looked too good to be true. And what do you know, it was too good to be true! It took 10 trades on one pair in one direction at a time, for a combined total risk of 50% of the account. If it got stopped out even once it would have been blown out of the top ten, it was just coincidence that it didn't.

Eyebrow raiser #3: how do you back-test a hybrid robot? If part A trades only EURUSD and part B trades only USDJPY, I know of no way to back-test it, because the back-tester only works on a single currency pair at a time, does it not? (Someone correct me if I'm wrong about this)

ROTFL: How do you take "all of the positive features" and "none of the negative"? Is the code partitioned into two parts, with one commented, "This is the code block that generates the winners" and another commented, "This code generates the losers"? =)) Its only marketing double-talk, means nothing.

Anyway, now that I've had my chuckle, I'm thinking this hybrid robot could still have potential. I would be interested in dropping it into a demo account for a while and seeing how it holds up. Also, if they have some clever method of money management that is more sophisticated than simply dividing the account equity into 5 equal parts I'd like to have a close look at that.

Re: Concept of portfolio - key for sucessful trading .

Hi guys , I continue sharing my experience in trading in LIVE with yours .

Really , I think that the best way for trading with ea,s is to find a good portfolio .

The key word is " good " . The most important condition is , that , in the long

term , each one of the ea,s of the portfolio must be a winner bot . A bad bot ,

is never going to compensate the equity . I think that nowdays , a good portfolio

would be , fapturbo evolution + dreambuilder (for long term ) . The results of

the three bots added surely will be sucessful in the longterm .

Dreambuider is an excellent bot for long trend ( perhaps the best ) , and , for

short term , I think that Fapturbo Evolution is the best choice .

Thanks ,

Manuel

1. FAPturbo Evolution

2. Dreambuilder

What is the third? You said three bots.

Re: I am just wondering?

Earlier today I was reading a sales web page for an EA that was claimed to make 100% accurate predictions of the market.

Umm, let me get this straight. You developed a trading system or EA that is capable of making you into a billionaire in a year or two, and now you want to sell it for a relative pittance to thousands of trader wannabees, until the market is so saturated that nobody not even you can make any further money trading it?

Hellooo! Either someone's elevator isn't going all the way to the top floor, or perhaps this claim is just a wee bit exaggerated.

A trading system developer, with a portfolio of trading systems is going to do two things:

1. If a system is hot, trade it into the ground;

2. If a system is so-so, sell it for whatever he can get for it.

Any welder from Detriot could tell you that.

Re: Scalping...is this a waste of time or can you....

Scalping is no different than any other technical trading, it is just done on shorter time frames. I think the broad availability of free live data feeds such as Metatrader is motiviating traders to move to shorter time frames generally. In the past, to trade intraday required purchasing Tradestation and paying $100's per month in fees for live data feeds. That kept most people trading on end-of-day data.

Is it a waste of time? All trading is a waste of time and money unless you are consistently profitable.

I spent a lot of time learning technical analysis chart patterns. But I find that in Forex, the patterns are getting "mushy", carrying less meaning than before. For example, a trend line breakout used to be a reliable signal that the market was going to continue to move vigorously in the direction of the breaout. But In Forex I see trend lines break out, and some of the time they break back in again and resume! So the line is indistinct, mushy soft, rather than a hard and distinct pattern.

I think that the reason why the patterns are becoming less distinct is the proliferation of automated trading. Trading robots don't "think" or react like human traders, so the chart patterns they create become less meaningful, less distinct.

All that is a long way of saying that trading longer term time frames may not be as profitable as it once was, which prompts traders to move to shorter time frames. I.e. scalping.

I think that the ideal time frame to trade is not so long that you have to wait through days and days of drawdowns to see your position in profit, and not so short that there is no signal for your indicators, just noise.

cr-redfox,

sounds mighty fine, I'm a FAP user too, but lately the market has not been so benign during the overnight session. What are you trading now, if not scalping/FAP?

regards,

Chaka