winsor's Posts - Page 8

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 29, 2010 at 22:50

Applying Sun Tzu’s the Art of War to Forex TradingOctober 29, 2010 UpdateIn Sun Tzu’s Art of War, he states that it is better to take the high ground and wait for your enemy to come to you. By taking the high ground you have the best odds of winning. In automated trading, logical entry and exit criteria are built in; hence, the software is never responding to the market. The software monitors the market 24 hours per day and waits the price to hit a certain threshold to execute the trade. There are no greed and fear; thus, there is no stress to you. The hardest thing about automated...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 26, 2010 at 22:49

Green Thumb in the Garden vs. Green Thumb in Forex TradingOctober 26, 2010 UpdateIf you trade Forex, you must have the same patience and discipline as a gardener. Let’s take your lawn for example, if you want a green and rich lawn you will need to fertilize at least four times a year: early spring, early summer, late summer and fall. Besides that you will need to mow your lawn twice a week and water it every day during the hot summer days. Trading forex has the same care and discipline. You will need to formulate your trading plan, execute it and then follow with your game plan. Let&rsqu...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 25, 2010 at 23:35

Playing with MetaTrader 5 (MT5) Trading PlatformOctober 25, 2010 UpdateI hope that everyone had a great weekend. It is a windy Monday and currently raining in Vancouver. I am glad that I am inside with my fireplace going. A quick update on Jasmine then I am back playing with the MT5 trading platform. I am excited to compare my live trading results vs. the MT5 tester which claims to be more accurate. Currently, Jasmine has six open trades with +244 pips. Two EURUSD buy trades were opened on Thursday, October 21, at 1.39314 and 1.39308 and the Euro when as high as 1.4080. Subsystems 7 & 8 d...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 22, 2010 at 22:16

Osasyankee, Thanks for posting. Please refer to my recent post "Have We Upset the Market Gods?" per October 22 udpate. If you still have questions or concerns, let me know.

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 22, 2010 at 22:13

Have We Upset the Market Gods?October 22, 2010 UpdateIt has been a tough week of trading for both Leah & Jasmine systems. Have we upset the market gods? I think so! It is our goal to achieve 35% per year while Jasmine went on a tear and shot past the +7,000 pips (70% ROI). Leah also surpassed the +5,000 (50% ROI) pips and all of these results were done less than five months. As I have eluded in my previous posts, it is impossible to sustain this rapid ascend in the equity curve. Drawdowns are expected; hence, you don’t compound the trading lot size when you winning. Often the greates...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 21, 2010 at 02:13

Manual Trading vs. Algorithm TradingOctober 20, 2010 UpdateAfter a string of losses, most traders would shut down their computers and take a few days off. For great traders, we would brush aside their losses and start anew the next day. Unfortunately, in Forex there is no next day as the market runs 24 hours per day. The best thing about algorithm trading is that the computer does not know that its last 7 trades were unprofitable. It has no fear and will continue to trade the market without quitting or taking a break. It is business as normal and the software continues to monitor the market lo...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 19, 2010 at 22:23

Jumping off the Band WagonOctober 19, 2010 Update1) Our maximum stop loss limited our losses to 100 pips else it could have been much worse. 2) This is the reason why we use fixed lot instead of compounding lots. Using compounding lot size, our losses would have been much worse. 3) Risk and reward go together in trading. During the past five months, Jasmine has gained 6,500 pips, and this is its reward. The 680-pip drawdown is part of its risk. It is impossible to have 100% winning trading system without any risks. 4) If you believe in a trading system, you must stick with it for 6 si...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 18, 2010 at 21:02

The Roller Coaster Ride of Forex TradingOctober 18, 2010 UpdateWe haven’t covered Haley automated trading system for a while; hence, let’s talk about it today. Haley started trading with $10,000 on May 21, 2010. It did well in the beginning as it reached $12,000 within two months. Like all mechanical trading systems, it went through a period of drawdown. It dropped from $12,000 to $11,000, to $10,000, and then to $9,500. Most followers would shunt Haley or jumped off its bandwagon due to its $2,500 drawdown. This is the normal fear reaction of the Forex traders; hence, 95% of retai...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 15, 2010 at 21:28

Mid Month Performance Report for Winsor’s Five Automated Trading SystemsOctober 15, 2010 UpdateBelow are the trading results of my five expert advisors since May 21, 2010 (five months).Haley = +779 pips (7.8%) with 313 tradesJasmine = +6,817 pips (68.2%) with 442 tradesLeah = +4,700 pips (47.0%) with 388 tradesMellisa = -2,325 pips (-23.3%) with 319 tradesSienna = -706 pips (-7.1%) with 605 tradesIf you haven’t downloaded my software, below is the link again. The installation takes 30 seconds.http://www.ctsforex.com/trial_install/CTSFOREX_dot_COM.zip 1) Download the zip ...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 14, 2010 at 21:57

Iran Assume the Presidency of OPECOctober 14, 2010 UpdateMr. Masoud Mir-Kazemi, minister of Iranian Petroleum will become the president of OPEC on January 1, 2011. As most of you are aware OPEC stands for Organization of the Petroleum Exporting Countries which make up of twelve countries Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE, and Venezuela. We are all familiar with the term “drug cartel” and OPEC is the “oil cartel”. OPEC nations own more than 60% of world’s oil reserves, and account for more than 30% of world&rsquo...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 13, 2010 at 22:53

Selling the US Dollar on Monetary EasingOctober 13, 2010 UpdateHere 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 ...

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 12, 2010 at 22:01

Applying Portfolio Theory in Forex TradingOctober 12, 2010 UpdateMany 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 ...

CFTC regs trading systems in Experienced Traders Oct 12, 2010 at 01:31

Thanks Dan for the info. I was not aware of it. Maybe you can go with MIGBankfx, since all of my US clients are with them.

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 12, 2010 at 00:44

Is It Time to Sell the Yen?October 11, 2010 UpdateAccording 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...

CFTC regs trading systems in Experienced Traders Oct 12, 2010 at 00:39

IBFX has opened an office in Australia; hence, all your problems are fixed.

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 10, 2010 at 20:46

Happy Thanksgiving from Canada!October 10, 2010 UpdateIf 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 ...

Manual Trading Versus EAs Trading, Which Do You Prefer? in Experienced Traders Oct 10, 2010 at 20:46

Elkart,I totally agree with you. There are too many programmers trying to create expert advisors without understanding the fundamental rules of trading. I have started my training and trading as a manual trader for 3 years and gradually went full time automated. Agree, Fx is not a quick buck and for every single successful trader who made it big compounding, there are thousands of other traders who loss it due to compounding.

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 08, 2010 at 05:04

Currency War: China vs. the Rest of the WorldOctober 7, 2010 UpdateToday 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 wee...

Any Vouchers? in Experienced Traders Oct 07, 2010 at 23:18

Elkart, You are very generous and just for that i will vouch for you. Its Karma at its best!Winsor

Winsor's Five Trading EAs in Real Time in Experienced Traders Oct 07, 2010 at 03:58

Update Leah Reaches $5,000 Profit after 4.5 months of TradingOctober 6, 2010 UpdateLeah 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 m...

EURUSD	1.0428	GBPUSD	1.25194	AUDUSD	0.65028
USDJPY	154.302	USDCAD	1.39731	USDCHF	0.89303

Posts by winsor