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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...

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...

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...

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...

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************

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...

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...

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...

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

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

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...

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...

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

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...

There are basically two walk-forwards. One is random walk-forward testing. The other is walk-forward re-optimization. Both are based on strategies that are optimized. ie. You set stops and targets based on the range of the market which is based on optimizing for a period in the past. Other...

Also consider metatrader and tradestation. Both have very extensive support forums, deep and rich with information and examples. Both of them also have extensive back-testing and optimization features. We did lots and lots of backtesting with tradestation and used add-on genetic...

Actually the software works from an aggregate perspective, knowing where the clustering of orders is and the market offered to the broker. It's an order balance thing. It's also critical to a broker in order to manage their risk and lay off counterparty risk into liquidity. Again, it's not an...

Well, I firmly believe that there are other influences in the 90% failure number in the real world. Recently we did an experiment and wrote an autotrade routine that was a coin-flip strategy. Low-and-behold it was indeed a 50% 1:1 winner, just as you would expect. Which is better than...

I would have to think that a good portion of the losers are those that "swung for the fences" for the competition, and uh, missed : - ) Trader 5of7 @ TheCollectiveFX.com

From a system/autotrader perspective, MT4 is really one of the best solutions for learning how to system trade, back test, etc. There are lots of much more expensive, much more sophisticated solutions out there, but MT4 also does just fine. Trader 5of7 @ TheCollectiveFX.com