Make Me Some Money » forex trading system

11th June GBPUSD – 4 to 7 trading system

admin — Fri, 11 Jun 2010 22:41:28 +0000

Today, the range bars was rather narrow… just 30 pip range which is tiny…

The upper range line was 14737 and the lower bar was 14707

The market did break towards the upside triggering the long.. however, the target was 14767 but the highest it reached was 14759 before it collapse. This meant a 30 pip loss. However, the short which followed was good netting 30 pips resulting in a stratch trade day.

I have decided that I need to be disciplined and this involves trading the system tirelessly…

FXCM Forex Selector Update

admin — Fri, 27 Feb 2009 07:32:48 +0000

For those following, I mentioned that I signed up for the free 30 day trial of the FXCM System Selector and attached the TrendEscape trading system to it for the GBPUSD and GBPJPY forex pairs. Yesterday when I checked, I was about $2000 down from the demo portfolio.. it started at $100,000. The last trades where a short of both the two pairs which amount to losses.

Right now, the account has dropped further.. another $1000 and the current live trades are slightly down at $100 loss or so….

Over the long term, the Trend Escape trading system is one of the most profitable…. I’ll leave it to run and see how it gets on!

Automated Forex Trading System – FXCM

admin — Wed, 25 Feb 2009 19:31:35 +0000

I am finding trading quite difficult lately.. the techniques which I have been trading with have not been doing so well and as a result, my account has plummetted. I wrote around December/January time that my account had reached all time highs.. the market was really good with me and I made a killing.. however, the market has changed and what I was doing which worked before, doesn’t work any more… trading really is tough!

Also, it is hard to find the time to stalk and wait for these opportunities.. I work most of the days and when I come home, there is a limited time window for trading…

I still love the idea of being successful as a trader but as close as I got.. the further from where I would like to be is apparent with the recent losses… a trader needs to be flexible enough to be able to adapt to all conditions.. I am not quite there yet!

Anyway, this brings me onto the FXCM Forex trading system.. I am currently running their 30 day free trial to see how it works and whether it could work for me.. it will trade the markets automatically buying/selling where needed.

There are 40 systems to test with and you can look at the performance and there are all sorts of criteria to select to find the trading system for you. I tried to find the one that had the lowest drawdowns with the highest profits… and I came across one called TrendEscape. You then select the trading system (or systems)… yes you can attach more than one system to your account and off you go.

With the demo, you start off with a balance of 100,000 USD. I applied the Forex Systems I wanted to use and left it to get on with it..

The system I selected opens 6 trades at any one go.. I’m not sure how to change this as it’s quite high.. when (and if) I open my real account, I wouldn’t only really want to trade 1 trade… not 6… I don’t have that sort of capital!

The first trade was a short of the GBPJPY at 131.03 (18th Feb 09).. this didn’t go well with a loss of -173 pips per lot… that’s a loss of 865 pips! Holy crap!

The next trade was on the 23rd Feb 09 with a short of the GBPJPY at 138.53.. these each closed at a loss but at -5 pips or so…

OUCH!

Anyway, today, I have 12 positions open… 6 are a short of the GBPJPY at 138.98 and a short of the GBPUSD at 1.42609. The GBPJPY are roughly 80 pips up each and the GBPUSD is about 60 pips up.

The $100,000 USD demo account is currently at $98,862.46 from the closed trades but with about $900 in the bag so far for the open trades.. it’s not too far off…

I’ll just run with this for the full 30 days to see how it goes…

If you’re interested in having a look… go to http://www.fxcm.com/forex-system-selector.jsp

Forex system that hasn’t lost a trade in 8 years!

admin — Wed, 01 Oct 2008 19:16:11 +0000

I sign up to all sorts of emails and every now and again and today, a new Forex system has emerged which has caught my eye.. this one is called Forex Autocash Robot and is a Forex trading system which apparently has never lost a trade in over 8 years. This is a huge claim.. trading is about losing and winning.. you just have to win more than you lose and then you’re a successful trader but this system claims never to ever have lost a trade once. Hmm, it got my interest but I’m hugely skeptical.

Apparently, the facts are:

zero losers in 8 years and 8 months and still winning
50,000% profit
597 consecutive profitable trades
completely automated system

Well, I don’t know what to think.. I will give it a try shortly and let you know how I get on but for the time being, if you’re interested in having your own look as there are limited copies, then visit the