stevetrade's Posts - Page 50

591801 in Trading Systems Aug 02, 2010 at 09:18

Demo testing only goes so far. It tells you if the logic of the system works. It isn't until you put a system on to a live account that you get a real result. I've seen demo systems that survived the exact same period that a live account blew up in as demo accounts don't have to worry about petty little problems like liquidity.

ZuluTrade in Signal Providers Aug 02, 2010 at 09:06

If they put this forward as the premise for the business then that would be fair enough, however this is what they claim to be:"What is ZuluTrade ?ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers)There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market to make a good pick, because hundreds of industry well-known experts from all over the w...

Tradency in Signal Providers Aug 02, 2010 at 08:56

I currently provide signals with Tradency. First of all they test your system for 30 days and manually review it to see if the system works okay before they release you on the unsuspecting public.They are very prompt and professional in their service. They recently set up a new system to try and address some of the problems they were having with some of their providers, such as too large stops and too many open positions at once. These changes should remove some of the more dubious trading practices on there.All that being said, I have had one subscriber complain about orders not being closed ...

ZuluTrade in Signal Providers Aug 02, 2010 at 08:50

I started out providing my signals on ZuluTrade. One of the things that is scary about them is that anybody can sign up and provide signals, nobody tests their systems first. So there are all sorts of terrible practices going on there. Providers just open up a massive demo account and then leave trades open until they turn into a profit. Applied to real accounts these trades end up wiping your account.They are also not 100% reliable. I had a friend trading my signals who did not get some stop losses placed. One of my trades cost his account 16% of his balance when he was only risking 1% per tr...

ECN Robot - Jade FX - DEMO in Trading Systems Aug 02, 2010 at 08:26

I'm not so sure, the trading profile is different. Dominic's EA tended to win only small amounts. This EA wins and loses larger pip sizes. Also, offering managed accounts isn't Dominic's style. However, we do need to keep our vigilance up as I'm sure Dominic will be back under some guise or other.

Steady Income? in New Traders Aug 01, 2010 at 10:58

Yep, that's what I read as well. I'd love a method of a guaranteed sum every month from Forex but unfortunately I just don't think it's that easy.The best thing you can do, if you are looking for an income from Forex is to ensure that you have a cash surplus to get you through the losing months.

primeval-ea_v2.1-live-collectivefx in Trading Systems Jul 31, 2010 at 08:12

Yes, Alpari feed their demo system with their Pro account feed. Which you only get if you open a Pro account live.

CIM Robot Wars in Trading Systems Jul 30, 2010 at 15:39

This account has been retired. See my blog stevetrade.wordpress.com for further details.

Cast Iron Man in Trading Systems Jul 30, 2010 at 15:39

This account has been retired. See my blog stevetrade.wordpress.com for further details.

Behemoth Conservative in Trading Systems Jul 30, 2010 at 09:07

This install of MT4 seems to have irreversibly crashed on my vps. I can't get it to restart at all.Fortunately I'm in the process of setting up an Alpari demo ( good old Alpari ) using new optimised settings and the latest version of Behemoth which I should have running for the start of the new month.Trading so far has been okay with this. I can see from watching it trade that it has the potential to match to some degree the promise of the backtesting but it does need more time to prove itself. This week I've been writing various checks into the code to test if the interpolation of...

primeval-ea_v2.1-live-fxcbs in Trading Systems Jul 29, 2010 at 18:36

Yep, some people like backtests some like live trading, some a little of both.Backtests tell me what a system might achieve. Trading tells me if the system is achieving it.If things like % of successful trade and average win/average loss measure up between the two then you can be fairly happy that the backtest is reasonably accurate and at the end of the day a backtest tells me if a strategy has longevity - i.e. that it has coped through the various market conditions of the previous years.

primeval-ea_v2.1-live-fxcbs in Trading Systems Jul 29, 2010 at 18:15

I'm not questioning the results - which do look good - and your risk/reward ratio for a scalper is nice.All I asked is whether the backtests were generated during the London session or the Asian session?If they were generated during the London session then I'd like to see some backtests generated during the period the EA actually trades in, if that's possible.

primeval-ea_v2.1-live-fxcbs in Trading Systems Jul 29, 2010 at 17:48

Wow, you said that while keeping your face straight 😄Okay, so ATC last I heard still used the FXCM data feed and here is FXCM's spread for 19th -23 July 2010 for GBP/CHF ( as an example )http://www.mt4i.com/spread/BrokerSpreadChart.aspx?symbolid=16&broker=21Jade FX I actually have an account with. I dropped the development of my own Asian Session scalper as I couldn't get the spread I was getting during the London session.I used to have an account with FXCBS and to be honest would advise anyone about placing more than about $10 with them ( as indeed do the folks over at For...

primeval-ea_v2.1-live-fxcbs in Trading Systems Jul 29, 2010 at 15:22

Are those backtests generated on London session spreads or Asian session spreads?

FxPro in Brokers Jul 29, 2010 at 14:51

FX Pro insist on using the original method that you used to fund the account. I did open an MB trading account but they had some weird issue with the lot sizes on demo accounts which meant that I didn't go ahead with funding a live account. I'm currently using a Jade Fx account for a play account and bridging across to Dukascopy for a main account.From my undestanding of them, bad ticks are where you don't get an up to date tick feed, so the MT4 platform corrects the prices. It always conveniently seems to happen at the point where my trades are about ready to open and market volat...

FxPro in Brokers Jul 29, 2010 at 14:23

I've finally closed my FxPro account, tired of the tricks they've been pulling on my account. Disconnects during trades when there is fast movement - even though the demo server stays up! Far too many requotes and bad ticks, preventing my strategy from opening up orders that would have gone on to win.Now as I try and withdraw my money they insist on the transaction going against the debit card I issued the money with. A card that has by now expired, meaning that I don't actually have the details of the card anymore. They are saying they can't process the withdrawal otherwise!Ne...

Comments in Suggestion Box Jul 29, 2010 at 10:15

I vaguely remember that this is possible with the new MyFxBook EA

primeval-ea_v2.1-live-fxcbs in Trading Systems Jul 29, 2010 at 07:05

Come on folks, let's try and keep it polite. Everyone is entitled to their opinion and neither of you are doing your professional status any favours by acting like teenagers.

Caleum Group (H.Forex) in Trading Systems Jul 28, 2010 at 16:36

I see that it's a manual system and I also see that you don't enter a stop loss for most of the trades. Do you actually have a stop loss for the trades? I notice you have closed some out for a loss.

Total different performance of exactly same EA on different brokers. in Programming Jul 28, 2010 at 12:08

Excellent work Kenny and well worth knowing

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Posts by stevetrade