My experiences with FX Autotrading a live account

I have just added 2 new signals to my portfolio ... this increases my portfolio leverage from 16.5:1 to 22.5:1 . Since many signals don't trade at the same time, my estimate is that this is in reality a leverage of 10:1.
I'm using this as a new rule of thumb. keep portfolio leverage around 20:1, so the real leverage is 10:1 - that should be more then enough.

So the new portfolio is now (all with 0.1 lots):
- ForexFighter-KO - GBPUSD
- fxmaster.net - EURUSD
- Quants-MP40 - GBPJPY
- ATRChannel - GBPUSD
- EspritFX - EURJPY
- EspritFX - GBPUSD

see also attached

Let me know what you think.
 

Attachments

I'm impressed with the overall portfolio of signals on fx-auto ... there are still a number of signals I would avoid at any price, but all in all a nice collection ...

I just noticed that the 'Current Open Positions Per System' shows 215 open trades with a total of +1188 open pips ... I was used to seeing negative total, so this average of +5 pips per open trade I find quite good.

What do you think?
 

Attachments

New kid on the block (new signal on fx-auto) that I'm following to possibly add to my portfolio:

WinningSolution GBPUSD.
http://www.fx-performance.com/Default.aspx?p=1&t=1&paging=1:0:0&sorting=2:1&filter=WinningSolution
https://winning-solution.com

I have been a member of their excellent community for several months now, and I'm quite impressed with the success and transparency of this signal provider. The main man of Winning Solution is Ashar Hanif, S.Kom aka as Mr. Ashar. I tried out their service/community for $20, and then became a life-long member for only 150$. I strongly recommend to check this out.

The most impressive is their (reliable) track record. Starting in august2006 they have these results:
First Deposit: $ 1,000.00
Nett Profit: $ 321,549.70
Monthly Accuracy: 100 %
Intraday Accuracy: 82.67 %
Total Pips (Point) : 5,967 pips
Total Winning Days: 167 days
Total Losing Days: 35 days
Money Management: ALWAYS USE 1%-10% MARGIN
Signal per day (1 currency): 1 - 3 signals a day (at 06.00 London Time)
Stop Loss(Risk): 15 pips - 40 pips/trade
Take Profit(Target Point): 30 pips - 100 pips/trade
more here: https://winning-solution.com/indo/statement.php

They had a bit of a bad start on fx-auto (looks like this happens to more signal providers, ... they need some time to master the system and get 'it' right), but now looking good.
 
Quote from FX245:

I'm impressed with the overall portfolio of signals on fx-auto ... there are still a number of signals I would avoid at any price, but all in all a nice collection ...

I just noticed that the 'Current Open Positions Per System' shows 215 open trades with a total of +1188 open pips ... I was used to seeing negative total, so this average of +5 pips per open trade I find quite good.

What do you think?
More...

It has been a awsome week indeed. But I try not to get too carried away. The third week of May and this week, there were good clear trends in the markets. Even my grandma could have made money. Iam waiting for a streak of tight ranging "no-trends"weeks to see how these sweethearts will perform. If they do alright in a streak of ranging weeks without loosing their pants then I will gain some confidence.
so far so good.... :)
 
Quote from auslanco:

It has been a awsome week indeed. But I try not to get too carried away. The third week of May and this week, there were good clear trends in the markets. Even my grandma could have made money. Iam waiting for a streak of tight ranging "no-trends"weeks to see how these sweethearts will perform. If they do alright in a streak of ranging weeks without loosing their pants then I will gain some confidence.
so far so good.... :)
More...

thanks for the warning - for a newbie it's not easy not to get carried away in weeks like this....

The 'Current Open Positions Per System' shows 171 open trades with a total of +3149 open pips ... way to go grandma !!
 

Attachments

Quote from FX245:

daily statement of 07JUN2007 - see attached.

We had an exceptional, outstanding day today: +340

4 closed trades:
+77 ForexFighter KO
+77 +94 +99 ATR Channel GBPUSD (all closed manually)
...
More...

This has been a good lesson... the 3 ATR Channel trades I closed manually went on & on ...
1 was closed on +184
1 was closed on +255
1 is still floating on +192

So that means I will miss something like 350+ pips here !! what a mistake to make !

from now on we will obey ... "The magic rules for fx-autotrading success"
1. Restricted / Limited Strategy Flipping
2. Conservative Leverage.
3. Risk Averse Portfolio - (i.e not all strategy in same pair)
4. No manual intervention

interesting learning...

so what's your take on manual intervention ?
 
I know it is against rule number 1, but still ...

I have just stopped using the signal from fxmaster.net EURUSD ... I was not comfortable with the trading style I observed. It looked like fxmaster.net always wanted to go against the trend ... and in my young fx-experience, I have learned the lesson "the trend is your friend".

So the new portfolio is now (all with 0.1 lots):
- ForexFighter-KO - GBPUSD
- Quants-MP40 - GBPJPY
- ATRChannel - GBPUSD
- EspritFX - EURJPY
- EspritFX - GBPUSD

that brings the portfolio leverage back to 19.3 .

attached the fxmaster equity chart ...

Let me know what you think.
 

Attachments

I have been making 150% to 220% per year for the last three years on forex trading. But that was sitting front of the computer atleast 20hours every trading day waiting for a good trade .
It has taken a huge toll on my health and my family life.
The whole idea for me to turn in to auto trading is for me to have a life apart from watching the screen all day & night.

There were some trades I saw up on my screen which I was certain a 100% loosing trade when they appeared. But I didnt close them manually because I want to build trust & confidence on my portfolio with out my intervention.That's what AUTO trading is all about. That way when I know that my computer is making me money, one day soon when I'm fully comfortable with my portfolio,. I can move to Bahamas with my family...... you know the dream:)
 
Guys - in reference to ATR Channel - I did close that one trade yesterday at only +52 but let the other two run all night. I did manage to grab +167 and +257 - not too bad. But as I mentioned to FX245 on my blog. You really have to do what makes you feel comfortable (my warm fuzzy feeling analogy). Anyway, I did close that position yesterday because if all 3 of the atr trades moved against me, I was looking to be down over 100 pips. SO closing out the one trade for 52 gave me that safe feeling. During the day the stops were moved up on the trades and worst I could have done was 75 or 80 pips (can't remember exactly). So letting them ride was no risk to my portfolio.

My account is sitting at $3536 from $2500 ~$1000 isn't too bad in over a month (start of April 29). I'm considering, since I'm not increasing my lots, to pull the $1000 out as a safety net. If things keep progressing this well I would like to grab my initial investment and just trade with profit. But thats still a while in the future...and a small dream.

Okay guys - good luck trading - I think the week is pretty much done...

PS - FX245 - nice analysis work - I will be looking at some of your suggestions over the weekend.
 
Quote from FX245:

New kid on the block (new signal on fx-auto) that I'm following to possibly add to my portfolio:

WinningSolution GBPUSD.
http://www.fx-performance.com/Default.aspx?p=1&t=1&paging=1:0:0&sorting=2:1&filter=WinningSolution
https://winning-solution.com
More...
I have been following Winning-Solution for about 5 months now, just viewing their website.
In April, I emailed Mr.Asher about the excellent performance of WSS, and to ask some questions, and he told me he was joining FX-Auto, which I also had my eye on. I thought "this will be a match made in heaven!"

Now I'm running WSS on FX-Auto, and its great to see someone else who is doing the same. :)

I'm not yet a member of WSS, but plan to be very soon, when I can make the time to use the service.

Could you please tell me, is the WSS Expert Advisor a good one? I have tried countless MetaTrader 4 EAs and they don't seem to work.

Cheers.
 
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