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GS66
17 Dec 2015, 15:04
Are you trying to sell or discuss?
Market conditions change frequently. That's not an universal Algo that can profit anyway. When it's a range phase play start with a range bot. Stop it during high volatilty. When it's a trending phase, medium averages or breakout will gives your profit anyway, but an universal bot that can profit forever in any market condition is not a double goals.
Just my 2 cents
@GS66
GS66
05 Jun 2015, 17:02
LPs are almost the same for any broker. Today, on NFP event I've done various tests, with two different broker, both are very good and reputable (I do not want to release names). Here're the results on GBP/USD: both broker executed the order with approx 50 pips slippage, both broker executed stop loss at -100 pips instead of -26 pips. As long as Spotware does no insert the slippage parameter on the Stop Order these type of results will be always the norm and not the exceptions, so Stay away from big news. Take Cara
@GS66
GS66
25 Nov 2016, 13:38
if you're trying to build strategies and then realise that are unprofittable You will lose time and money.
First read some books on Technical Analysis, for example I advice you read:
-trading-systems-and-methods-perry-kaufman
For forex market explanation
- Beat_the_forex_dealer an_insiders_look_into_trading_todays_foreign_exchange_market_-_a_silvani
For hedge funds like strategies
- Clenow-Following the Trend Diversified Managed Futures Trading
I've read hundred of books for every market tested many strategies.
What I've learned?
Stick to tried and tested. Every trend following strategy is profittable as long as you know how it works: many small loss with few large gains.
many retailers fails in forex cause they use too high leverage and can't afford the small loss.
If everyone is telling you something different, he/she is trying to sell you a "magic" indicator/system/bot.
You're into algo strategies you should have software like:
StrategyQuant
or
Adaptrade builder
@GS66