Hi Saraf, you might be interested in reading my blog as we are both on a similar adventure:
www.cambisttrading.blogspot.com
Regards
www.cambisttrading.blogspot.com
Regards
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Saraf's Personal trading log
- Thread starter Saraf
- Start date
Hi Saraf,
My portfolio is very similar to yours, except I'm not using the Cornerstone strategy. They don't offer it on the FXDD side of FX Auto. But all the others from your portfolio I.
It hasn't gone bad for me, and I started about 3 months ago. The first two months were mostly flat, and last month was good, a 6% return. Note that I did not start off with all these strategies. I started only with the Team Aphid strategy, and slowly would add more strategies every month.
I wish the best of luck, and I will definitely stay tuned on your thread.
Don't listen to all the naysayers out there. They have nothing better to do than to complain and spout negative comments and try to discourage others. I think that one can make money through Fx Auto. The trick is not only to pick the right strategies (and sticking to them, not switching every time there's a DD), but more importantly to have sound money management.
It's very easy to pick 100 strategies that look great on a $1000 account, with the $$ lighting up in your eyes. Then two weeks later your account is broke because of gross overleverage.
And when I say picking good strategies, I don't mean just picking the top ones. I try to find ones with a good profit ratio, so they should have low DD relative to profit. It all depends on how much DD you can stomach.
But I definitely think that many people do not profit with FX Auto because of psychology. They drop one strategy that looked great on paper just because it had a horrible month, just before it makes all its losses back the next month. And I'm speaking from experience, because I have been there myself. Once you learn to be patient and to not freak out when there is a period of DD, you will see your efforts pay off. The hard part is knowing whether a system is just going through draw downs or if the system has failed and is no longer valid.
My portfolio is very similar to yours, except I'm not using the Cornerstone strategy. They don't offer it on the FXDD side of FX Auto. But all the others from your portfolio I.
It hasn't gone bad for me, and I started about 3 months ago. The first two months were mostly flat, and last month was good, a 6% return. Note that I did not start off with all these strategies. I started only with the Team Aphid strategy, and slowly would add more strategies every month.
I wish the best of luck, and I will definitely stay tuned on your thread.
Don't listen to all the naysayers out there. They have nothing better to do than to complain and spout negative comments and try to discourage others. I think that one can make money through Fx Auto. The trick is not only to pick the right strategies (and sticking to them, not switching every time there's a DD), but more importantly to have sound money management.
It's very easy to pick 100 strategies that look great on a $1000 account, with the $$ lighting up in your eyes. Then two weeks later your account is broke because of gross overleverage.
And when I say picking good strategies, I don't mean just picking the top ones. I try to find ones with a good profit ratio, so they should have low DD relative to profit. It all depends on how much DD you can stomach.
But I definitely think that many people do not profit with FX Auto because of psychology. They drop one strategy that looked great on paper just because it had a horrible month, just before it makes all its losses back the next month. And I'm speaking from experience, because I have been there myself. Once you learn to be patient and to not freak out when there is a period of DD, you will see your efforts pay off. The hard part is knowing whether a system is just going through draw downs or if the system has failed and is no longer valid.
Quote from Saraf:
Happy new years everyone!
I have Funded my Fxcm account to trade Fx-auto or as fxcm calls it Forex system selector. Still waiting on user name to start trading, with one of two portfolio system sets I have selected for myself. I have chosen to start a trader's log here that will be updated every sunday.
Start balance ~4k (3978USD, got to find out where in fxcm or my bank some of the transfer disappeared)
Portfolio Build 1:
CornerStone-Zeus GBPJPY 10k
Prosignal-ShortTerm EURJPY 20k
Team-Aphid GBPUSD 10k
Tecnofinazas EURUSD 20k
Leverage: 1:25
Total History MaxDD: 2939 pips (not considering x2 for 20k)
Equity Curve: See Attached curve 1
Portfolio build 2:
CornerStone-Zeus GBPJPY 10k
CornerStone-Zeus EURCHF 10k
CornerStone-Zeus GBPUSD 10k
Team-Aphid GBPUSD 10k
Technofinazas EURUSD 10k
Leverage: 1:77.5
Total History MaxDD: 3022 pips
Equity Curve: See Attached Curve 2
Most likely ill be going for Portfolio 1 because:
1) lower Leverage.
2) Past performance Shows Smaller Drop with provider combination
3)CornerStone-Zeus tends to let Systems run to SL set by Tradency of 300 pips. even if they do get good results too
4) Number of past trades for CSZ (CornerStone-Zeus) is still low.
Hopefully I will get username today or right after New years day.
P.S view next post for Curve 2
Well I saw one system I was impressed by on FXDD side that, is not on FXCM side
http://fxdd.fx-performance.com/Default.aspx?p=1&t=1&paging=1:0:0&sorting=2:1&filter=FX-Trader-FX001
trading Eurusd, they seem to be more picky on entery times, so have only a few trades. But still impressive.
http://fxdd.fx-performance.com/Default.aspx?p=1&t=1&paging=1:0:0&sorting=2:1&filter=FX-Trader-FX001
trading Eurusd, they seem to be more picky on entery times, so have only a few trades. But still impressive.
Wow, that is impressive. They have a 3.64 profit factor! I think I had not considered them before due to the low number of trades, as this can skew the stats sometimes. I usually only add system that have over 30 trades at least. I will definitely keep an eye on this one, for when it crosses the 30 trade barrier.
Thanks for bringing this one to my attention!
Thanks for bringing this one to my attention!
Quote from Saraf:
Well I saw one system I was impressed by on FXDD side that, is not on FXCM side
http://fxdd.fx-performance.com/Default.aspx?p=1&t=1&paging=1:0:0&sorting=2:1&filter=FX-Trader-FX001
trading Eurusd, they seem to be more picky on entery times, so have only a few trades. But still impressive.
Quote from Cambist:
Saraf, have you had a problem with TAB eur/usd signals today? It seems there was a double signal sent. I may have to get on the phone with FXCM.
EDIT: Nevermind, I just noticed you aren't running their EUR/USD signal.
Hi Cambist,
Yes, there was some double entry on EURUSD.
If you are affected contact us and we will get you fixed up.
Account week 2 (1/6/2008-1/13/2008)
End of week balance: 4712.8 $
End of week Equity: 4917.43 $
Open Positions: 2
Week Profit/Loss: 660.56 $
Open positions:
CSZ GBP/JPY Sell 216.960
(1/8/2008 05:03) Pip P/L: 393.6
CSZ GBP/JPY Buy 214.630
(1/6/2008 22:00) Pip P/L: -170.9
Total Pip P/L: 222.7
Roll Over: -1.16
Provider's week (Closed trades During week):
Corner Stone Zeus GBPJPY
Trades Closed: 3
Pip P/L: 375
Team Aphid GBPUSD
Trades Closed: 8
Pip P/L: 202
Tecnofinanzas EURUSD
Trades Closed: 12
Pip P/L: 111
End of week balance: 4712.8 $
End of week Equity: 4917.43 $
Open Positions: 2
Week Profit/Loss: 660.56 $
Open positions:
CSZ GBP/JPY Sell 216.960
(1/8/2008 05:03) Pip P/L: 393.6
CSZ GBP/JPY Buy 214.630
(1/6/2008 22:00) Pip P/L: -170.9
Total Pip P/L: 222.7
Roll Over: -1.16
Provider's week (Closed trades During week):
Corner Stone Zeus GBPJPY
Trades Closed: 3
Pip P/L: 375
Team Aphid GBPUSD
Trades Closed: 8
Pip P/L: 202
Tecnofinanzas EURUSD
Trades Closed: 12
Pip P/L: 111