Watukushay No 5 An Excellent System Ready for Release ~ forex trading gambling

4:03 AM in 5, an, arbitrage, case, cop, currency, excellent, for, Forex, in, no, opportunities, ready, release, system, the, trading, usd, watukushay, weird

After a few months of testing and development I am glad to announce that the first release candidate for Watukushay No.5 is ready to be traded. Some days ago I talked about the first beta release and how I wanted to explore community based development before releasing the EA and after some limited success with this idea I have found enough profitable results for this system as to release the EA to all Asirikuy members. The release candidate of Watukushay No.5 will be ready for live trading featuring adequate error handling and functional decomposition with high-quality code that will allow us to have reliable and well-executed live trading results. During the next few paragraphs I want to share with you the importance of Watukushay No.5s achievements, a little bit about what I was able to achieve with this system and what it represents to the Asirikuy community.

As I mentioned on the previous post about this experts beta, Watukushay No.5 is a universal daily breakout system that is able to enter the market on a wide variety of circumstances adapting itself to the inherent characteristics of each different daily breakout it enters. Watukushay No.5 therefore belong to the same family as the turtle trading system and Kutichiy, aiming to profit from directional movements by entering the market after a given price value is broken towards the same side. However, Watukushay No.5 also includes a "fade mechanism" which also allows it to trade against breakouts and increases its flexibility to be profitable on currency pairs where fading certain movements is more profitable than trading the breakouts.

When I released the beta I had found the first EUR/USD profitable settings and I had some preliminary results for other currency pairs. Right now I am proud to say that I have reached profitable settings for this EA on the EUR/USD, USD/CHF, USD/JPY and GBP/USD. This is important since we only have a few systems that are able to trade the 4 majors and Watukushay No.5 will be able to introduce a lot of diversification power through its results on different currency pairs. Adding to this is the fact that the most profitable results (achieving a higher than 2:1 average compounded yearly profit to maximum draw down ratio) belong to the USD/CHF currency pair and NOT to the EUR/USD, giving us the power to diversify greatly against other trading systems like Teyacanani and Watukushay No.2 which achieve excellent results on this currency pair.
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Perhaps one of the most important things about this EA is its ability to constitute a viable portfolio on its own. The above image shows you the equity curve with yearly balance restarts (meaning that the internal balance of each instance is reset to the general account balance every 12 months) for Watukushay No.5 when trading the 4 majors at the same time. during the past 10 years. The portfolio of this EA achieves an average compounded yearly profit of 44% coupled with a maximum draw down level of 16% an excellent result only achievable up until now with a few other portfolios.

Despite the fact that all instances trade the same system it seems that maximum draw down periods do not tend to overlap since the different currency pairs are able to exploit their particular breakout inefficiency only under select market conditions that rotate amongst them. This in turn allows the different instances to hedge their draw down periods and achieve the above mentioned results which show this to be the case. Below you can also see the monthly profit chart for the portfolio obtained with 10 year backtests and a 1 year balance restarting technique. The system shows a high population of profitable months with a good number of highly profitable months that ensure the portfolios draw down remains under control. It is also worth mentioning that Watukushay No.5 was developed with all Watukushay Project principles in mind. The system was therefore developed with great care so that reliable simulations could be achieved.
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In summary, Watukushay No.5 is a great addition to Asirikuy featuring profitable results with similar draw down and profit targets on the 4 majors, a milestone achievement for Asirikuy portfolio system development. The system also showed excellent portfolio results, reason why its contributions to our long term profitability are bound to be important. Right now I have opened a poll within the Asirikuy community forum to choose a name for this EA and when the name is ready I will release the systems live trading version coupled with at least 2 account for live testing within Asirikuy.

If you would like to learn more about my journey in system development and how you too can develop your own likely long term profitable systems based on sound trading tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Broker Conspiracy Theories Are they True ~ forex trading get rich quick

4:43 AM in 5, an, are, broker, conspiracy, excellent, for, Forex, no, ready, release, system, theories, they, true, watukushay

If people new to forex trading have anything in common it is the overwhelming belief in the broker conspiracy theories. Ask ten people on their road to become successful traders about what they think regarding forex brokers and they will tell you that the main reason (or one of the main reasons) why they cannot profit as much as they want is because their brokers "play with them" in such a way that trading profitably becomes impossible (or much harder at least). The reasons why there is such a widespread belief in the broker conspiracy are many but the real question to ask is, is this conspiracy real ? Do brokers willingly play with their customers and mess with their execution and accounts in such a way that profitability is removed ? On todays post I will talk about these issues, giving you my opinion about the broker conspiracy theory and the consequence this has on your trading.

You have just bought your first extremely profitable scalping system, simulations show great results (although they are unreliable for this type of systems), your demo account shows great results and you are ready to jump into a live account with your first forex broker. You open up the account, fund it, get your VPS and start to trade your EA only to notice that your demo and live accounts almost never agree and your demo account is taking almost twice as many positions as your live trading account. Upon checking your live account you see a lot of spread widening, re-quotes and slippage that makes you think : the rumors were true, my broker is messing up my execution.

To tell you the truth, I do not believe in broker conspiracy theories because it is not in the main interest of a broker to harm their customers performance due to the fact that they make money from the spreads and this means that the longer it takes for a customer to lose their account, the more money they make. Generally what people perceive as their broker "messing with them" is nothing but the harsh reality of trading in the real market. Sometimes if the broker is a "market maker" this may become a little bit shady since the broker may make some decisions to protect itself from quick positioning or scalping, which they do not like due to the fact that they cannot properly hedge their exposure when such small and fast positions are opened. Such decisions may include spread widening, re-quotes, etc.

I have had my fair deal of experience with people in the broker industry (well known brokers at least) reason why I can tell you that most of the things you hear about are nothing but myths. Brokers are not "evil market makers" making money when you lose money, that to me seems like a childish way of putting things such as the brokers are "the bad guys" and you become the poor good guy/gal who could only make it if he or she wasnt screwed as much by the big guys. The first thing you need to do here is to take responsibility for your profits and your losses. Forex brokers are not responsible for your opening and closing of positions and therefore the fact that you attempt to use systems that simply dont work under real market conditions is not their fault.

However I always believe that you should always work with the worst possible case available such that your trading and decisions are as robust as possible. If there is a broker conspiracy and brokers will relentlessly prosecute and make certain systems (like scalpers) totally nonviable then you should focus on trading a system that is shielded from the power your broker has over your trading. Certainly it would not be very intelligent to trade a given system that you know depends greatly on execution variables your broker controls. If brokers do seek to make traders lose, then why in the world would you want to make it easier for them ?

In the end, if you profit or if you dont depends entirely on the decisions you make. If you trade systems that are very vulnerable to your brokers bidding then you will fall prey to the problems of real market execution and - if existent - to your brokers endless hunger for new traders flesh. As I said before the key here is to take responsibility for your trading and find systems that will allow you to trade with the smallest degree of dependency on live execution variables. Systems that trade in the medium or long term which do not have small take profit and stop loss targets will make you "immune" to any conspiracy since your broker will not be able to control your trading through the manipulation of execution variables.

However it is interesting here to note that I have never heard a profitable trader complain about execution related problems as a "broker conspiracy" since experienced traders know that this is a characteristic of the real market and that being successful despite their existence is one of the jobs YOU have as a profitable trader. It is irrelevant if these problems are or arent caused by your broker, if they are there and you want to be profitable then make your trading style such that these problems will have a small effect on your account balance. If you are suffering because of execution issues you should know that your trading style is what gives them the room to harm your wallet.

If you would like to know more about automated trading system development and how you too can design likely profitable trading systems please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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New Autotrader for forex ~ forex trading news strategy

10:11 AM in autotrader, binary, bx, cantor, exchange, for, forest, Forex, new, on, options, park, through, trading

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Gold trading strategy release September 10 (updated) ~ forex trading course

9:55 PM in 1, 10, august, ebook, elliott, farm, for, Forex, gold, non, read, release, september, should, some, strategy, that, trading, wave, you

Yesterday, the main trend is bearish for gold prices. However, in the zone of 1247 - 1249, gold prices met resistance from the trendline support. Trend line defined on D1 time frame, is drawn from the value of 684 USD/oz (October 2008) and 1,179 USD/oz (December 2013).

Gold trading strategy release September 10,2014. Price trends: fell before rising back.
Strategy:
Buy limit: 1252.50 - 1254.50 USD/oz
Stop loss: 1248.30 USD/oz
Take Profit: 1264.30 USD/oz

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Gold trading strategy for Non farm August 1 (updated) ~ forex trading algorithms

12:51 AM in 1, 29, august, farm, for, Forex, gold, july, non, release, strategy, trading

Sell limit: 1289 - 1293 USD/oz

Stop loss: 1298.80 USD/oz
Take Profit: 1277.60 USD/oz
Gold prices at the time of writing 1284 USD/oz

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Abbreviations for our signals and a few guidelines ~ forex trading on td ameritrade

11:19 PM in 1, 28, a, abbreviations, and, aug, few, for, Forex, guidelines, july, nadex, our, recap, signals, this, weeks

Here is a list of abbreviations we use in our signals and what they mean. I will try to fit the actual words in the text but I often abbreviate due to limited space.

WS30 = Wall ST. 30

USSC2000 = U.S. Small Cap 2000

TP = Take Profit. This is the area that you want to close your trade at a profit.

SL = Stop Loss. This is the area you want to close your trade at a loss.

WO = Working Order. If we send our a price level to buy or sell at and it is not where the market currently is, Nadex will place this trade in a working order window to fill at a later time.

BS = Bull Spread Trade

BO = Binary Option Trade

B/E =  Break Even

@ = "At" a certain price

Also, Below are a few guide lines to remember:

If we set a TP @ 16540 and price is at 16535, you do not have to message me to ask if it is ok to take your profits now. If you want to take your profits, go ahead but I will let you know when I am taking mine.

Please do not message me to ask me what I think the market will do. I dont know what the market will do. I never have and never will.

If I send out a signals such as this... BUY WS30 16500-16900@16510 and the market currently is at 16505, then YES YOU CAN BUY IT AT 16505 because it is a cheaper price. Anything between there we say buy it and the floor/ceiling is an ok price to buy or sell.

So anywhere between 16510 and 16500 would be an ok area to buy

If i say to sell the 16500-16100@ 16480 and price is currently at 16490, then sell it because you got 10 points of a better price than we did.

The exception to this rule is that it must be within a few minutes of when we send the signal. You can not wait around all day and do it because it will not work then.

Alrighty, thats it. You have a great day!!
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The Metatrader 5 Series Trying Metatrader 5 Porting Watukushay FE ~ forex trading jobs in dubai

2:36 PM in 5, fe, for, Forex, future, getting, metatrader, porting, ready, series, the, trying, watukushay

I have to confess that I was pretty excited last week when I learned about the release of the full metatrader 5 strategy tester. Being a fan of simulations to accurately model past trading I was dreaming about all the great enhancements that were now available and how all current Asirikuy systems would benefit from these implementations. This week I have been playing extensively with this new platform, mainly getting to know the MQL5 new programming language and all the "new ways" of doing things we must now relearn. I started by analyzing and understanding the sample experts released with the platform and later coded a few very simple systems to get to know the way in which things are done, indicators called, etc within this new trading program. On todays post I want to talk to you about my first "real exercise" which involved the porting of a preliminary version of Watukushay FE to metatrader 5. I will describe the process I went through, what I achieved and some of the things that surprised me when comparing results obtained with the Metatrader 4 backtester.

First of all, I have to say that coding experts for MQL4 has almost nothing to do with coding in MQL5. Almost everything is done differently and even though previous knowledge of MQL4 is useful, the truth is that several things like order placement, reading of indicator values, reading of bar values (high/low/open/close) and order selection are done differently. I found the approach implemented in MQL5 to be a little bit harder but yet a ton more flexible. This is particularly true of the new implementation of indicator and order handling which will now lend itself to an incredible coding flexibility. There are also some very useful functions included within the Trade.mqh file (downloaded with the platform) that will make EA programming a ton easier for those of you looking towards an "easier transition" from MQL4 to MQL5.

After familiarizing myself with the platform I decided to code the system that would be most easily available to all of you. Since Watukushay FE is the most widely used Asirikuy system -due to its free character- I decided to give the porting of Watukushay FE first priority. It is however important to say here that I did this porting merely as an exercise and it wont be the final release version of this EA for metatrader 5 which will probably take a few more months of polishing to develop (since we are currently developing a common MQL5 framework for Asirikuy systems taking advantage of the new classes implementation in this language). However the preliminary EA version I coded contains all the logic of Watukushay FE and follows the exact same logic as the MQL4 version in backtesting.

I have to say that I am amazed with the capabilities of Metatrader 5 regarding speed of execution. Simulations are not only fast but about an order of magnitude faster than in Metatrader 4. Watukushay FE runs a 10 year simulation in MQL4 in about 5 minutes while the Metatrader 5 implementation takes a little bit more than 30 seconds. Added to this absolutely great feature is the fact that multithreading is available for optimizations meaning that I can run a full 200 run optimization in less than half an hour when it previously took about half a day. Being able to run optimizations in parallel is a blessing and it will most likely open up the doors towards the finding of many profitable instruments and setups not currently used with Asirikuy systems. Below you can see an image of an optimization running on the 4 cores of one of my beloved quad processors.
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You are probably also wondering how the Metatrader 5 backtesting results compare with the Metatrader 4 results and I would have to tell you that the results are a little bit puzzling to me. Watukushay FE is definitely long term profitable on both platforms but results are overall much better in Metatrader 5 when compared with the MQL4 version. The nature of this difference seems to be the difference between data sets. Since this version of Metatrader is new, we could assume that the data quality and interpolation mechanisms are better but such an assumption would have to be proved. Right now I am pleased to tell you that the EA - with the exact same settings - performs better on MQL5 and the Metatrader 5 data than on the Metatrader 4 version, meaning that -if anything- Watukushay FE is as good or better than what we think.
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There is also a ton more of things to discuss regarding the optimizations of Watukushay FE and the new features and results available within the Strategy tester but for today I think that all the above information is enough :o). I have now started this series of posts called "The Metatrader 5 Series" which will deal with topics related to simulations, programming and overall features of this new Metatrader 5 platform which is bound to become the standard within the next few years in automated trading. During the next few weeks I will release several new posts on Metatrader 5 and probably Asirikuy members will also be able to enjoy a few videos on the matter :o)

If you would like to learn more about automated trading and how you can code your own likely long term profitable systems based on sound trading tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Weekly Nadex Market recap 8 8 14 ~ forex trading on the weekend

11:24 PM in 14, 8, a, abbreviations, and, few, for, Forex, guidelines, market, nadex, our, recap, signals, weekly

We had another profitable week. If a trader took every signal as posted, below are the results

Monday +21
Tuesday +20
Wednesday +11
Thursday -15
Friday (No Trades)

We took a DEMO trade on Thursday evening that carried over into Friday. As of right now, that trade is at a floating loss of -29. It has fluctiated between +20 and -35 for the past 16 hours now and I suspect it will expire about -15 or so.

Had we taken that trade live, our weekly P/L would be (with the current -29 trade) around +8, which is what I would consider a slightly better than break even week.

Since we are discounting the demo trade, our week will end at +37.

I have talked about this before but +37 may not sound like a lot but it all depends on the amount of contracts you are trading.

$37 on a $1,000 account is still a great return. 3.7% for the week.

Trading 10 contracts, this is $370. On a $10,000 account, this is a 3.7% return for the week or 192% per year. Compound interest is a grand thing if you use it right.

To my Clients:

I have had conversations with people this week and want to relay my thoughts to you about an issue. Many, many future clients all told me the same thing which is this, " You signals only trade 1-3 times per day. I cant make any money that way." I am sorry but they dont know what they dont know....yet.

Trading is a long term business model. It can compound your account into unbelievable amounts in a relatively short amount of time, over months and years. It can also be a great source of extra income. Treat this like a business and not a hobby and your account will stop taking giant hits. If you are unsure about something, DEMO trade it until you are sure. The market will be here tomorrow and the next day and 100 years from now (in some form) so just relax and stop trying to push trades through in the hopes to make more and more. Sit back and think to yourselves, "Are these signals, if taken correctly, making a profit?" If the answer is yes, then relax, be patient, enjoy the ride, and take a look at the tab above, entitled "compound interest".

Clients, you are all great and have had some awesome feedback this week from you. I am listening and if all goes well, next week I will be offering the bull spreads and also will be offering a lot more binary trades throughout the day.

Have a great weekend!!!




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Trading a Martingale Based on Backtests A VERY Dangerous Road ~ forex trading help

9:40 PM in a, advantage, at, automated, backtests, based, dangerous, for, Forex, greatest, least, martingale, me, of, on, road, the, trading, very

During the past few months I have sadly seen a great increase in the number of Martingale systems flowing around on the internet and their use by new and inexperienced traders. I have also seen some people testing and using Martingale systems with great hope and some with what seem to be some very good results. Many of these people who use Martingales or systems with progressive money management seem to rely on backtesting results to test their theories and sometimes they claim that a 10 year backtest in which no wipeouts happen is "good enough" to consider a Martingale worth running on a live account since it is inherently "safe". Within the next few paragraphs you will see why this way of approaching Martingale trading is terribly dangerous and why people approaching trading in this manner are bound - sooner or later - to wipe out accounts and face the truth about progressive money management, in the end it never works.

The argument here seems to be pretty simple. You know that Martingale systems are dangerous but if you can get a 10 year backtests that shows no wipeouts it means that you are safe, right ? If during such a long trading period and such a varied array of market conditions your system survives then everything should be Okay. The truth is that there a few VERY large pitfalls to this approach.

The first problem with the backtesting of Martingale systems is that there is an inherent error in every backtesting result which can be explained in technical aspects of both the backtesting mechanism and the market itself. A 10 year backtest only gives you an approximation of the results during the past 10 years because - in reality - things like spread widening, requotes, broker differences and the absence of one minute interpolation would have made the results different to some extent.

In the case of Martingale and progressive money management systems the problem is that a very small error in the backtests can make the whole difference between wipeout and survival. Imagine that you have a Martingale system that wipes an account with 7 consecutive loses and the account achieves a maximum of 5 in a 10 year backtest. Now if the system only had 2 additional consecutive loses on any of those losing periods the account would have been wiped. While an addition of 2 consecutive loses to a given trading period for a trading system designed on sound principles is minimal, the effect on a Martingale or progressive money management system is bound to be devastating.

In the end the limitations of simulations make the "certainty of safeness" of any Martingale system a lie since the actual errors and limitations of the simulations are not only important but actually most likely determinant towards the evaluation of systems that are so sensitive to small increases in the number of consecutive loses. In reality, all trading systems are bound to be facing anything between one to three times the number of consecutive loses they have given in historical testing and this makes progressive money management systems always reach wipeouts in real trading.

To sum it up, using Martingales based on backtesting is a VERY dangerous thing to do due to the limitations of the simulations. In the end, ALL martingales are bound to wipe their accounts in the long term. This is a statistical certainty which does not change, no matter what short term results show or what simulations may appear to be telling you. It comes back to the old saying, there are bold and old traders but there are no old bold traders.

If you would like to learn more about the development of trading systems and how you too can design and trade your own systems based on sound money management techniques please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Making Automated Trading Systems 6 Tips for Successful System Design ~ forex trading korea

6:32 AM in 6, a, analysis, automated, design, for, Forex, making, performance, portfolio, revisiting, successful, system, systems, the, tips, trading, turtle

One of the questions I get asked the most is how I come up with and design all my mechanical trading strategies. Several people have wondered how I device my simple criteria for systems and how such simple logic can indeed be successful under todays ever-changing market conditions. However, what fellow traders often dont realize is that my system design is based on some very simple principles anyone could follow to achieve success in automated trading. On todays post I want to give you - fellow traders and system designers - some tips about system design so that you too can benefit from my experience around this area of successful strategy production.

Within the next few paragraphs you will find some very practical tips to help you with you design successful automated trading systems. I am absolutely sure that these tips will help you overcome some of the most prominent obstacles in automated trading, avoiding the mistakes that condemn most people who embark on this journey to failure and frustration. So how can you improve your system design and come up with better and more likely successful strategies the next time you design an expert advisor ? Keep reading to find out !

1. Understand what your system will attempt to do. Most people who attempt system creation often dont understand what their system will be doing. It is not a matter of saying "it will be making money" or "it will follow an MA cross", it is a matter of understanding what the system will attempt to capture and why it has a fundamental reason to work. Having an idea of how the market works and how your strategy exploits an inefficiency of the market is vital for success.

2. Everything must make sense. I cannot tell you how many times I have come up with people who want me to help them program systems that have a ton of indicators they dont even understand. In order to be successful, absolutely every single thing you add must have a reason and the reasons must not be shallow, like "because it filters ranging markets", they have to be clear and mathematically precise. Something like "this indicators helps me detect when price has moved in X direction because the indicators mathematical meaning shows Y about price..." is more like it.

3. Analyze and analyze deeply. Often traders will attempt to design a system based on a few weeks of forward or live testing or even on just a few months of "visual" backtesting. I can never stress enough that analyzing and testing systems on a statistically significant period is vital for success. I always analyze systems for at least 2-5 years of historical data before I even consider the coding of strategies. Not only does this analysis provide me with information about the system but it also helps me understand the underlying reasons why it does or doesnt work.

4. Do a mathematical expectancy analysis of the entry logic. When you are making a new trading system you always need to know if your expert has potential and what time frame and type of trade your system will be capturing. Doing a mathematical expectancy analysis is vital to get this information. This allows you to know for sure which time frame your system works best on and it gives you a good amount of information regarding the probable successful of your trading strategy.

5. Have simulation reliability in mind. When you are designing your trading system you need to do so with simulation reliability in mind. Being able to carry out reliable backtests is very important when evaluating trading strategies and taking into account this factor when you are programming your system is vital for success. If you program your system with simulation reliability as a main concern chances are that the results you will get will be much more reliable and consistent with live trading results.

6. Have adaptability in mind. Many traders decide to code their strategies with fixed exit target values (like fixed pip values of a TP and a SL) something which is bound to bring your systems to failure as different market conditions start to develop. Considering adaptability from the beginning and including adaptability within your mathematical expectancy analysis is important to guarantee the long term success and profitability of any trading system. If you look at systems that have been historically successful, most - if not all of them - use some for of adaptive exit.

I hope that the above tips help those of you interested in system design achieve better success in your quest towards the development of a useful trading strategy. Obviously there may be other aspects worth considering but this - in my experience - are the most important to know if you want to develop a successful trading strategy. Do you have any other useful tips or information you would like to leave ? Perhaps some personal experience ? Just leave a comment and well discuss it together :o)

If you would like to learn more about automated trading system development and how you too can create likely long term profitable systems please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Nadex Trade Signal Recap Profit Loss for this week ~ forex trading opening hours

8:32 PM in for, Forex, high, loss, nadex, probability, profit, recap, rewards, risks, signal, this, trade, trading, vs, week

Here I will recap this weeks trades. Did we make any money or lose money? See below. Traders often ask me how much they can make. We have traders who trade all different amounts of size so at the bottom, I posted a list of the amount of money they made or lost if they traded X number of contracts.

Monday July 21, 2014
Bought Wall St 30 - $45 Profit

Tuesday July 22, 2014
Sold US TECH 100 - $25 Loss
Sold US TECH 100 - $0 Break even

Wednesday July 23, 2014
Sold US TECH 100 - $20 Loss
Sold US TECH 100 - $44 Profit
Sold Gold (weekly)  - Still open at the end of the day
Bought Silver  (weekly) - Still open at the end of the day

Thursday July 24, 2014
Closed Gold - $25 Profit

Friday, July 25, 2014
Closed Silver  - $75 Loss
Bought US TECH 100 - $44.50 Profit

Total profit/loss for the week:
Total - Profit of $38.50 if you traded one contract
Total - Profit of  $194.50 if you traded 5 contracts
Total - Profit of $389.50 if you traded 10 contracts
Total - Profit of $974.50 if you traded 25 contracts.

Some of the traders did not trade the gold and silver trades. If thats the case, then profits this week were $88.50 instead of $38.50.

Some traders told me they increased their contract size after a loss. I advise against that because it can become your death trap but if they did, they made more than whats posted. Remember though that there will come a day when you cant martingale your way to success. There will be strings of losers so that habit is ok if you limit it to one or two times but just keep yourself in check.

Lessons learned this week: One bad ITM trade can screw2/3 of the weeks profits. On a scale of 1-10, I rate this week as a 2.5. I was not happy with the results, even though we made a profit.

Highlight of the week: Our first trade of the week soared within a few minutes of buying it. Our Gold trade tanked once we sold it. These were 2 happy moments.

Note: This doesnt account for fees or commissions.

Happy Trading and see yall next week!
-Ryan
admin@joaquintrading.com

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Whats it like to spend a day with Richard Jaycobs President of Cantor Exchange ~ forex trading new york

3:54 AM in a, autotrader, cantor, day, exchange, for, forex, it, jaycobs, like, new, of, president, richard, spend, to, whats, with

Yesterday, I had a great day! My local traders meetup group was having a little meeting at my house and we had a fantastic guest speaker. Richard Jaycobs, president of Cantor Exchange and one of the veterans of the markets spent all day with me and stayed over to talk with traders from all over the Knoxville Tennessee area. Here is how it all went down...

First of all, Richard has an extensive history with the markets. He worked along side Paul Tudor Jones, one of the wall street legends. He founded the first internet based futures exchanges. He worked for the New York Cotton exchange and was a managing director at Finex, among other things. He is currently the president of Cantor Exchange, a wholly owned subsidiary of the financial services firm, Cantor Fitgerald.

Here is a picture of Richard, myself, and my son in his underwear.

One of the things I was most impressed with was the generosity of Cantor Exchange. They are out to work with all kinds of trading related businesses. When a trading exchange sends the president to your house to ask YOU how they can serve you, then this is an amazing thing.  So why did he come to my house?

I had recently met Richard and Rod Drown (managing director at Cantor Exchange) at a traders conference. I approached Rod and the very first words that came out of my mouth were, " If you can do what you say you can do, then I can bring 1,000 traders your way." Now at the time, I had no clue how fast the Cantor Exchange brand would spread through word of mouth alone but I was bound and determined to find out more.

So I started messing with trades on the exchange and researching and found out that these guys are sitting on a goldmine of awesomeness for the retail trader. Some of the ways you can trade on the exchange just blew me away! I was hooked, as are many other traders so I sat down and wrote out a 40+ page document on my thoughts about the exchange and how I saw it from an outsider. Yep, forty flipping pages! Click and away it went to the execs at CX. (By the way CX stands for Cantor Exchange).

So long story short, I had a series of talks with Rod and he asked me if it was ok if Richard Jaycobs flew down to see me for the day. I politely said, " Of course it is ok. I would be happy to talk with him." Inside, I was like a kid in a candy store because I actually caught the attention of someone that wanted to hear my ideas.

So the day came. (Actually that day was yesterday July 13, 2015). Richard arrived promptly on time and we sat at my kitchen table and talked back and forth for 5 straight hours. We went through my ideas list one by one. If I thought something at the exchange was bunk, I let him know. If he thought one of my ideas was garbage, he let me know. We disagreed on a few things and agreed on a whole lot of things.

When we were tired from sitting, we would walk into my trading office and look at charts. I had told him about designing an indicator for trading on the exchange and he wanted to see it. We took a couple of short breaks and then went right back at it. Idea after idea. Line by line. Taking notes and crossing things off. I even got to interview Richard for a Youtube special coming up soon.

One of the most amazing things is the fact that Cantor Exchange wants to work with traders. They are not stuck up and have their nose in the clouds like several other exchanges. I remember calling and emailing a competitor exchange about an idea I had that would have been great and never once received a reply of any sort. Point Blank, Cantor Exchange is willing to talk with the little man.

So anyway, getting back to my story... after hours and hours of talking, the doorbell rang. Lo and behold, it was a member of one of my facebook groups. This guy, Steve Cole AKA Ole Dude as decribed by his high school students, is just about as country as they come. His accent is about as thick as molassas on a winter night. Now Steve was interested in the exchange and Richard talked right along with him and took his ideas as well... By the way, I just found out that Steve is now a Cantor Exchange trader, as of today. I assume he liked what he heard last night.

The doorbell rang again and here they came one after another, trader after trader filled my house with smiles and laughs. Not one of them had on a suit and tie... This is Tennessee by the way.

Then the vittles were on the table and everybody had plate. Boy, was it good. The smell of the food filled the house until after I lit the burners to keep the food warm and the house started to smell like a gas factory for a few minutes. We had pork BBQ, Rotisserie chicken, Mashed taters, Brown beans, Corn salad, Green bean casarole, Cheesecake bites, fudge, Cornbread muffins, and rolls. This was a feast for an old southern boy such as myself.

As all the traders were eating and sitting wherever they could find a spot, the speaking part came and I stood up and tried to talk but everyone was so engaged in their conversations that no one even heard what I was saying Haha! So I gave them a few more minutes to chow down and then I, along with Richard attempted to explain the basics of the exchange and answer questions, mostly coming from Troy.

Now Troy is a friend of mine that works for Ninjacators so obviously he overtook the entire line of questioning almost and started firing off. One right after another the questions came. I answered a few but Richard answered most of them. Now Troy was creating some pretty powerful questions that would have made me feel a bit humbled but Richard just fired back the answer as easy as you could think and answered each and every question that was asked.

Look at the picture above. Richard is showing everyone how to play an air guitar. Just kidding, he is actually answering questions.

All in all, here is the deal. The Cantor Exchange has plans so great that I am so excited to be a part of it all. They want to create a trading experience that is the absolute best possible. They want to allow everyone access to the exchange in ways that are so simple that anyone would understand. They want to create products that traders want. Best of all, they want to hear ideas from you. If you have an idea that would make the exchange a better place to trade, let them know.

For more information about Cantor Exchange, or if you would like to get updates and talk with others about the exchange, please visit facebook.com/groups/cantorexchange or if you would like to sign up for a trading account, visit forestparkbx.com . Forest Park BX is a referring partner to the exchange, can get you set up with an account and answer questions along the way.

So whats all the fuss about? What makes Cantor Exchange so awesome?? You just stay tuned, join the facebook group and watch this thing unfold. You will be blown away soon! Below is a small sample of things to come...

1. Write your own binary options contracts at ANY strike you want
2. No minimum deposit
3.  All contracts are only $1 allowing smaller traders to participate in the market

Now many of the most awesome things, I can not mention at this time but you just wait!


(c) 2015 Ryan Herron of Joaquintrading.com
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What the H E Double Hockey Sticks happened today ~ forex trading orange county

2:54 AM in double, e, for, Forex, h, happened, hockey, loss, nadex, profit, recap, signal, sticks, the, this, today, trade, week, what

As you are well aware, we had a losing day today. Remember all that talk about probabilities? Here is why I took a long position.

The wall street 30 had not closed below 200 points since may 13, 2014. There have been 65 trading days since then. The day was a bear day but to drop below 200 points was beyond me. The statistical probability of it closing below 200 points today was really low so I stand by my trade, win or lose. I say this because in the long run probabilities work.

Now on a brighter note... Yesterday, many of you made a lot of money on that bull spread. One person raked in $700 yesterday and that is fantastic! Congrats! I have been getting a lot of feedback about wanting more bull spread trades so tomorrow, I will send one out. I may do it tonight at 6pm but highly doubt it. It will most likely be tomorrow morning around 8am eastern.

There is a data table I posted in the facebook group "Nadex Trading Ideas" and it will show you a lot of statistical information about daily prices over the past few years such as the range, open to close, open to high, open to low, etc...

Bull Spreads, if you can get close to the floor or ceiling, work great. I will be sending out signals of probable TP targets. Whether you take them is up to you but hear this. The TP targets work. They may keep you from making a killing one day but they will also keep the money stream steady and smooth.

I will show you how the signals will look and explain how to read and trade them...

Example signal (This way I can fit everything in 140 characters...

Buy WS30 16800-17200 for 16810. Sell WS30 16400--16800 for 16790. TP=15 each side. RR +30/-20

How to read it...

WS30 stands for Wall Street 30 (I am trying to save space)

If I say buy for 16810 and currently price is at 16830, just place a working order for 16810 and go to bed.
If price is currently 16805, then great because you can get a better price.

TP=15 means that you will want to take profits at +$15 on each side. This means that as the price swings occur throughout the day, if price swings up 15 points, you will take profits on your buy position. If price swings down 15 points, you will take profits on your sell position. Leave the other side open if it has not taken profit yet.

RR+30/-20. This is where I tell you what the risk/reward is on the trade. This means that max win would be $30 for both contracts and the max loss will be -$20 for both contracts. If you get in the trade and one side takes profit and the other side expires worthless, then your P/L for the day (on the trade I just mentioned) would be +5 because you won one for +$15 and lost one for -$10. that equals +$5.

As long as one side gets hit at some point before expiration, you will have made money on this trade.

This is called a Non-directional trade. It does not matter which way the market goes. As long as it moves, you will have a successful trading day.

If the market does not move, you will have an unsuccessful trading day. If this is something you are interested in, please send me a message on facebook and I will start sending these out.

Have a great day and Happy Trading!












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Long term picture for gold ~ forex trading competition

7:44 PM in for, Forex, gold, long, picture, term

Gold price scenarios can be reduced to 1070 USD / oz in 2014

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Revieweing Thrust VPS a New Cheap and Reliable Option for EA Hosting ~ forex trading ea

6:09 AM in a, and, automated, cheap, commercial, ea, for, Forex, hosting, new, option, reliable, revieweing, reviews, september, systems, thrust, trading, video, vps

The subject of Virtual Private server hosting is a very sensitive one that affects all traders who want to use automated trading systems. Although it is possible to build a "home VPS" by setting up a raid backup server, a secondary internet connection and a large UPS this is not practical for most people and renting the service from a provider located within a data center seems like the best idea. Amongst the realms of shared VPS servers - where a single computer is shared as a host between different servers - Thrust VPS comes out as a new, fresh and reliable service that can be used by forex traders to host their metatrader 4 platforms.

There are several problems that usually happen with Virtual Private Servers that make people very reluctant to use one or another service provider. The most common complaint of traders about their VPS servers are unscheduled reboots (usually done for updates) problems accessing their platform through remote desktop and the lack of responsiveness of some support teams. I would have to say that many of these problems occur from time to time will all VPS providers and unless you are using a dedicated VPS (which is bound to be much more expensive) then you will have to deal with this if you want to have a VPS. (note however that using auto-login solutions and adequate security settings removes about 99% of these problems).

A few weeks ago I decided to try a new VPS solution in the market -called ThrustVPS - after hearing some good comments from fellow traders about their reliability, the speed of their servers and the great price. This company offers simple Windows 2008 VPS setups from 14.95 USD a month with 1GB of RAM, 30GB of disk space and 1TB of bandwidth each month. Compared to other VPS providers the amount of RAM is good but the amount of disk space and bandwidth seems rather limited, although much more than adequate for the needs of a regular metatrader 4 user.
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The payment process, setup and initial configuration of the server was quite easy and fast with everything ready within almost less than 1 business day. The server response is fast and the lag towards IBFX, FXDD and Alpari UK servers is low (5-10 ms) (of course, since the server is located in the US the lag towards Alpari UK is higher). The amount of RAM promised is available for use and the load on the VPSs processor seems to be very low at almost all times. Up until now I have not experienced any reboots or any other unusual behavior that may intervene with the Metatrader 4 platforms I have loaded within it.

However you should bear in mind that ThrustVPS is a young company and VPS providers are generally very good in the beginning before they start to get a lot of customers and start to behave in a greedy way. As a company grows and more clients appear they may resort to piling up more VPS on a single computer instead of buying more hardware something that reflects in an overall reduction in performance for some users. Definitely in the beginning almost all VPS providers are this good but time will tell if they are going to keep this level of performance or if they will just start to fill their current computers with more and more VPS servers without any hardware upgrades.

However right now ThrustVPS seems like a very reliable, cheap and fresh option for people looking for a new hosting provider for their Metatrader 4 platforms. This VPS company provides us with a cheap basic VPS plan with enough RAM and disk space to load several Metatrader 4 platforms with a very fast internet connection and a reduced lag to US forex brokers. As always I advice you setup adequate security measures and an auto-login solution which are absolutely necessary for reliable trading within a VPS. Hopefully ThrustVPS will remain this reliable for years but - as I said before - we wont know this for sure until the company starts receiving more customers.

If you would like to learn more about how you can build your own trading systems to run on a VPS based on sound trading tactics with realistic risk and profit targets please consider joining Asirikuy.com, a website filled with educational videos, trading systems, development and a sound, honest and transparent approach automated trading in general . I hope you enjoyed this article ! :o)

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Gold trading strategy for next week ~ forex trading automated software

1:44 PM in aud, for, Forex, gold, next, strategy, trading, usd, week

Gold trading strategy for next week by Donald Nguyen. The main down trend.
Strategy 1:
Sell stop: 1377 USD/oz
Stop loss: 1388 USD/oz
Take Profit : 1347 USD/oz , target 1325 USD/oz.
Strategy 2:
Sell limit : 1394 USD/oz
Stop loss: 1403 USD/oz
Take Profit : 1347 USD/oz , target 1325 USD/oz

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Forex trading 1 28 (updated) ~ forex trading bollinger bands strategy

11:41 PM in 1, 28, and, for, Forex, gold, profit, summarizing, the, trading, week

Sell GBP/USD now at 1.6609
Stop loss: 1.6666
Take Profit: 1.6507

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The Indicator Series Understanding Bollinger Bands ~ forex trading jobs from home

8:36 PM in and, bands, best, bollinger, brokers, deposit, five, for, Forex, indicator, nfa, non, reliable, safety, series, the, trading, understanding

If you have been involved with almost any form of technical trading you may have heard and probably used Bollinger Bands. This technical indicator named after its creator - John Bollinger- became one of the most popular tools used by traders during the 20th century. Today I am going to dedicate this post to a description and analysis of this indicator and how it can be used to create successful mechanical trading strategies. I am going to talk about the calculation of the indicator, what it tells us about price action and how we can analyze it to find different types of market inefficiencies. As always the objective of this post will be to teach you how to understand this indicator better and how to design effective systems that tie its logical relationship with price in a rational manner.

So how is the Bollinger Bands indicator calculated ? This is one of the simplest technical indicators available to modern traders. It is formed by two parallel lines plotted around an X period moving average. These lines are distanced from the MA by a certain number of standard deviations. The value of the standard deviation is calculated at the same number of periods as the X period MA. To sum it up the indicator is formed by the following line :

upper band = X period MA + Y times the standard deviation
lower band = X period MA - Y times the standard deviation
central line = X period MA

But what does it tell us ? The standard deviation is simply a measure of how much price moved away from its average. A high standard deviation implies that price moved further away from the central average while a low standard deviation implies that price remained more rangebound and close to its average. When this value is low, volatility is low, when it is high, volatility is high. The plotting of the traditional Bollinger Band indicator with the moving average and standard deviation calculated on close prices over 20 periods is shown below. The upper and lower bands are placed 2 standard deviation measures away from the central line.
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The problem now seems to be to find an exploitable ineffiency using the above indicator. We must therefore find a behavior related to the standard deviation that will produce a forecast of future market movements with a positive mathematical expectancy over a long period of time. However when you attempt to do this you will find that most of your attempts will be frustrated by the fact that volatility related behavior - which is what the standard deviation of price tells us - does not appear to have a relationship with any particular inefficiency. In particular, attempting to capture volatility breakouts using Bollinger Bands is very difficult in forex trading and such a strategy does not hold a positive mathematical expectancy on most currency pairs.

Contrary to popular belief, there is also no clear statistical tendency when evaluating price "touching" the Bollinger Bands. If you attempt to create a strategy to profit from bounces from one side of the band to another you will find that profitable periods will exist but unprofitable periods in which the market will not bounce, but follow a particular band will happen. The same happens if you attempt to do the opposite. None of these approaches seems to give you a positive mathematical expectancy and in the end they do not lend themselves to the creation of mechanical strategies.

Is it not possible then to create a profitable system using this indicator ? Of course not ! Certainly there are ways in which this indicator might be exploited to give entries with positive mathematical expectancies. For example, statistically we might expect price levels outside the bollinger bands to be quite rare and in fact, significant price moves outside the bands might prove to be signals that price is moving decisively in that given direction. We could therefore use these signals to exploit both a short term retracement and a longer term trending movement, expecting price to return within the bands but to continue to move in that direction. Overall entry rules based on this approach have a positive mathematical expectancy meaning that they do provide us with a way to create Bollinger Band-based long term profitable systems.
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As you see it comes down to understanding the meaning of the standard deviation and how price movements that are statistically rare can be exploited to signal - with positive accuracy over the long term - price movements in a given direction. Bollinger Bands are therefore a simple indicator that may not prove to be as useful as traditional technical analysis wants it to be, but it does lend itself to the creation of profitable strategies both on its own and as a compliment to others indicators as shown by the Gods Gift ATR trading system. I am currently developing a few strategies based solely on Bollinger Bands. Will I succeed to make a long term profitable system out of this ? Stay tuned to check it out :o)

If you would like to learn more about automated trading and how you too can create your own systems to achieve success using expert advisors please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Getting Ready for the Future Metatrader 5 ~ forex trading jobs in bangalore

3:23 AM in 5, about, depth, for, Forex, future, getting, is, it, market, metatrader, not, only, ready, spread, the, understanding

Finally on June the first we saw the first official release of the Metatrader 5 trading platform which has the mission to replace one of the most popular and widely used trading platforms in retail forex trading. Definitely the task for Metatrader 5 is not easy since its predecessor is very powerful and has become the "industry standard" when dealing with automated trading systems for the regular investor. On todays post I want to talk to you about Metatrader 5, some of its pros and cons as well as the journey that I will be taking to produce mql5 versions of all Asirikuy trading systems. Is there anything good about Metatrader 5 ? Is it bound to be a great improvement over metatrader 4 or are we talking about a windows vista Vs XP type change ? Keep reading to find out.

I have to be honest with you and tell you my honest opinion about this new trading platform. I think that the people at metaquotes have done a good effort but I think they have neglected some key aspects that needed to be changed which could have brought an enormous benefit to the retail trader and their platform. Definitely there are several features I wanted to see on metatrader 5 that never got to be implemented like renko charts, tick charts, etc but perhaps the most important feature that wasnt implemented was real tick data logging and accurate backtesting.

Certainly the Metatrader 5 backtester has significant advantages over its current Metatrader 4 counterpart. Amongst these are the fact that data is downloaded and update automatically, there is support for several cores (multi-threading) and there is the ability to remotely login into your computer to see the progress and results of your backtesting results. Overall this will make the Metatrader 5 backtester much faster and robust, however the fact that tick interpolation algorithm is still used will make exploitation of backtesting reliability problems still a significant issue, we will probably still see the regular 97 USD expert advisor based on unrealistic profit targets taken from absurd backtests. However I have some hope in the sense that the interpolation algorithm was actually improved with the objective of removing these problems but we are still to see if this will or will not be true. The ability to use multiple pairs on backtesting- something that was previously not possible - is bound to be one of the greatest advantages of the Meatrader 5 backtester over the current backtester implementation.
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I am also excited about the Metatrader 5 new language- mql5 - and the included debugger within the Metatrader 5 platform. Any serious developer out there will tell you that the mql4 editor was a piece of garbage since no debugger was included and an extensive use of the Print function was needed to see where things were going wrong. However, the new debugger will make developing much easier and the actual addressing of problems in coding much easier. However I think that it was a very big and absolutely awful mistake not to include back compatibility with mql4 in Metatrader 5. Even though the new mql5 language is much better, including support for previous code seemed like something important to do since many people already have their strategies or efforts coded on the language of Metatrader 4. People will now have to pay to have their experts recoded or go through the process of learning a whole new programming language to be able to trade with the new platform.

So is Metatrader 5 a huge improvement over Metatrader 4 ? I would have to say that regarding automated trading the answer seems to be - we still dont know. We need to have a few live brokers that will accept this platform so that we can start testing mql5 systems. We will also need to first translate some systems into mql5 to compare backtests and see the actual quality improvements we get when changing from one strategy tester to another. I can tell you that I am excited abou the possibilities and I hope that the Metatrader 5 backtest will be all that it has been promised to be. I think that obviously our evaluation speed will be increased and our ability to use our systems on other currencies will also be expanded.

During the next few months I will start the porting of all Asirikuy systems to the new MQL5 language so that we can start to see some of the characteristics of the strategy tester and some comparisons between the simulations obtained with both backtesters. You can certainly expect some hopefully interesting blogposts about this during the next few months. If you want to learn more about automated trading and how you can develop your own long term profitable systems using sound trading tactics please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Gold trading strategy release August 14 (updated) ~ forex trading account

6:15 AM in 1, 14, august, farm, for, Forex, gold, non, release, strategy, trading

Gold trading strategy :
Buy limit: 1305 - 1307
Stop loss: 1295
Take Profit: 1323.30

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