IslandFX (By forex_trader_8110)
The user has deleted this system.
IslandFX Discussion
Mar 03, 2010 at 16:58
1,743 Views
19 Replies
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Mar 03, 2010 at 19:31
Custom start is set from 04/01/2009
Trades prior to this date are not based on the current system rules.
Trades prior to this date are not based on the current system rules.
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Mar 21, 2010 at 13:05
We are aggressively increasing lot size in this account. DD may increase but we expect an increase in ROI to match the additional risk.
forex_trader_1199
Member Since Sep 29, 2009
20 posts
Mar 21, 2010 at 13:26
Hi do you mind sharing your system rules?
Member Since Dec 20, 2009
26 posts
Mar 21, 2010 at 19:09
hello,
do you offer any trading service?
is it possible to join your strategy?
thank you
do you offer any trading service?
is it possible to join your strategy?
thank you
Member Since Jan 19, 2010
18 posts
Mar 22, 2010 at 19:01
Is this some sort of daily bar based system?
E-Trading Technologies
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Mar 23, 2010 at 01:53
About the system:
The trading strategy has been running for approximately 7 - 10 years, I cannot remember the exact date I started.
I use hourly charts along with a propriety indicator to give a trend change entry.
I use a target exit based on historical statistics as a trailing stop gives back too much profit.
Signals are generated on EU GU EJ and GJ however I rarely take more than one entry signal at a time.
There are usually 7 - 10 signals a month so risk per trade is usually around 3.67% - 5.5%.
The system cannot be automated as we have tried in the past for a period of 12 months without success.
We would like to offer a managed funds service for clients however we do not have a Financial Services License.
We are currently investigating options to make a signal service or similar available so that other traders can also profit from the strategy.
Regards
Rob
The trading strategy has been running for approximately 7 - 10 years, I cannot remember the exact date I started.
I use hourly charts along with a propriety indicator to give a trend change entry.
I use a target exit based on historical statistics as a trailing stop gives back too much profit.
Signals are generated on EU GU EJ and GJ however I rarely take more than one entry signal at a time.
There are usually 7 - 10 signals a month so risk per trade is usually around 3.67% - 5.5%.
The system cannot be automated as we have tried in the past for a period of 12 months without success.
We would like to offer a managed funds service for clients however we do not have a Financial Services License.
We are currently investigating options to make a signal service or similar available so that other traders can also profit from the strategy.
Regards
Rob
Member Since Jan 19, 2010
18 posts
Mar 23, 2010 at 20:21
have almost finished modifying my EA to connect and store trades to our website database, will use it to provide signal service on our website stock-trkr.co.uk & eurekabot.co.uk. so if you need any coding help or want another attempt at an automatic version contact me as using metatrader as a signal generator is no problem...
E-Trading Technologies
Member Since Jan 19, 2010
18 posts
Mar 23, 2010 at 20:23
oh, you can do that without any special financial licence or similar. It is after all just a piece of software (with an appropriate disclaimer!) not investment advice. With these systems the risk is the individuals..
E-Trading Technologies
Member Since Dec 20, 2009
26 posts
Mar 28, 2010 at 11:18
please, let me know if you start a service, i am interested.
thank you.
thank you.
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Apr 09, 2010 at 13:35
Today is exactly 12 months to the day this system has been running. I started out with a small amount of capital and applied slightly excessive risk to attain a result that I believed achievable from a manual traded system. The results shown here represent what can be achieved by development of a sound trading approach and belief in your system. The markets are not difficult to understand and profit from if you focus on price action alone. There is no magic indicator, EA or trading Guru that can show you the way.
I was able to turn $14,000.00 into $120127.00 in 12 months. You can to
Regards
Rob ( IslandFX)
I was able to turn $14,000.00 into $120127.00 in 12 months. You can to
Regards
Rob ( IslandFX)
Member Since Oct 28, 2009
1430 posts
Apr 09, 2010 at 20:21
Nice trading Rob, very consistent
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Apr 10, 2010 at 09:17
Thanks Steve
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Apr 11, 2010 at 11:03
I am researching different options regarding offering a signal service and / or managing accounts. I would like to hear all suggestions / thoughts that everyone has regarding this. All feed back appreciated.
Regards
Rob
Regards
Rob
Member Since Oct 28, 2009
1430 posts
Apr 12, 2010 at 08:22
Hi Rob,
I use Tradency to offer my signals to people, so that's one option you might want to investigate. There are other signal provider services out there but I've found that Tradency are about the most professional.
Other than that you could provide your investor password and allow people to use trade copier programs - you could then charge a monthly subscription to the password.
I've tried managing other people's money personally myself and it's a lot less stressful and easier if you just provide them with the ability to take your signals rather than actually placing the trades for them.
Steve
I use Tradency to offer my signals to people, so that's one option you might want to investigate. There are other signal provider services out there but I've found that Tradency are about the most professional.
Other than that you could provide your investor password and allow people to use trade copier programs - you could then charge a monthly subscription to the password.
I've tried managing other people's money personally myself and it's a lot less stressful and easier if you just provide them with the ability to take your signals rather than actually placing the trades for them.
Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Apr 12, 2010 at 08:46
Thanks Steve, I'll take a look
Member Since Apr 05, 2010
49 posts
Apr 12, 2010 at 10:25
Hey Rob,
U can use rentasignal.com or zulutrade.com to sell your signal.
Regards
U can use rentasignal.com or zulutrade.com to sell your signal.
Regards
Make $$$
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Apr 12, 2010 at 11:29
I have looked at Zulu and they have some bad reviews from about 6 months ago, not sure what they are like now but I did like their setup, I will look at rent a signal as well.
I am just setting up something on a small scale that I will make available to traders to trial in about 3-4 weeks time.
Thanks
Rob
I am just setting up something on a small scale that I will make available to traders to trial in about 3-4 weeks time.
Thanks
Rob
Member Since Oct 28, 2009
1430 posts
Apr 12, 2010 at 12:04
I used to provide signals on ZuluTrade but a friend who was using my signals had two occurences where a stop loss was not set by the platform, the second of which cost him 16% of his equity before he noticed that it had happened. They did offer to repay the money but it was only small stakes. I can't imagine they'd do the same if it was a large pot being traded.
I would stay away.
I would stay away.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
forex_trader_8110
Member Since Mar 03, 2010
41 posts
Apr 12, 2010 at 13:13
That sums up what I read about them.
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