Recent content by 5of7

  1. 5

    Make a living trading FOREX?

    I understand the "statistics" that nearly 100% of traders fail. I have a unique perspective in that I can actually see our clients accounts and see who is doing well, and who isn't. I can honestly say that I *don't* see anywhere near those statistics. Yes, we've had a few blow out...
  2. 5

    Make a living trading FOREX?

    I live and breathe autotrading forex, and have done it for a very long time. I assure you it can be done, and money can be made. That being said, it is the number one thing I enjoy most in life. I love every part of it, think about it every waking moment, and go to sleep thinking about how to...
  3. 5

    Bucket Shop Arbitrage

    It's actually really simple. There is a human there making the market deviate. So they know exactly when they are doing it. During those times the broker knows they are vulnerable to arb (which they call cheaters, which is funny), they put the system on manual execution. Manual Execution...
  4. 5

    Money Management -- What do you use?

    Some other traders in our collective do vary trade size frequently from trade to trade, and do amazingly well. I'll ask them to chime in on their criteria. Some of them trade scary large sizes (they manage other people's money) so they might not want to spill their "secrets" but I'll ask...
  5. 5

    $25k Standard Account good or bad idea?

    You are quite correct, sorry for the confusion. If all you have is 25,000 then the rule of thumb is to allocate no more than 10% towards aggressive strategies such as leveraged investments. But it's just a rule of thumb, and all are welcome to disregard it. Trader 5of7 @ The************
  6. 5

    Money Management -- What do you use?

    I was just replying to a thread where someone has been practicing, and they think they are ready to go, all they could manage to scrape together was $25,000 to turn it into $250,000. So my question to you all, is what kind of money management do you employ (in general terms). I'm not...
  7. 5

    $25k Standard Account good or bad idea?

    The account balance doesn't mean a thing, it's in the money management. The question is: what is the frequency of your signal, the expectation per trade, and your allocation per trade. Remember all strategies (no matter how good) always draw down. They momentarily will go out of sync with...
  8. 5

    High Frequency Automated Trading Platform

    I think that it might be your broker, or your latency to your brokers server, or their latency to their LP. We literally execute many trades per second in MT4 in our personal autotrading systems, and perhaps more than that since we trade many many systems together, so our "mother" system is...
  9. 5

    High Frequency Automated Trading Platform

    If your trading depends on latency, consider direct to API. We found that going through MT4 adds a little latency, probably less than 5ms. The location of your trade server has a more significant impact on latency for high-freq trading. Trader 5of7 @ TheCollectiveFX.com
  10. 5

    How much capital does your automated system trade?

    I agree, all new strats are (and should be) forward live tested before they get fed more money. Trader 5of7 @ TheCollectiveFX.com
  11. 5

    How much capital does your automated system trade?

    I strongly disagree as well. There are indeed strategies that are profitable. Of course each equity-curve profile will require differing money-management to absorb drawdowns for each profile. But there ARE profitable autotrading strategies. We live and die by a whole slew of them everyday...
  12. 5

    How much capital does your automated system trade?

    There are lots of ways to filter a strategy (when it is good, when it is bad), google it and numerous methods and ways of evaluating strategy character will come up along with the needed math in terms of dependence. But to answer you, yes, the equity curve of the underlying strategy is...
  13. 5

    Who offers autotrading from trendlines? (desperate)

    We have done it with Tradestation and Metatrader, but that was eons ago and my old code is on a dusty DVD somewhere since we don't use TS or MT4 for that. So google it, and I'm sure snippits of code will come up. That's how we found out how to do it. Trader 5of7 @ TheCollectiveFX.com
  14. 5

    How much capital does your automated system trade?

    RoughTrader is correct in many aspects he mentioned with respect to Tradestation. Clearly someone who has been around : - ) Consider also that some of the issues go away if you trade Forex. In fact we switched to Forex to eliminate many of those issues. Forex gives us near bottomless...
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