Too Good to Be True Why it is Never True ~ forex trading los angeles

11:37 AM in be, enemy, Forex, good, ignorance, is, it, my, never, to, too, true, why, worst

Yesterday while I was searching some forums and reading the comments of the posters I came across a conversation about the very traditional saying "if it is too good to be true, it probably is". As I read more I saw some very interesting aspects about the way in which the conversation was being carried out, specially the opinion of one of the debaters who was against the hypothesis claiming that is was nothing but mediocre and destructive to a person with an "achieving" personality. Today I want to write a post about my opinion about this "too good to be true" issue and how I feel it is a very valuable piece of common knowledge based on hundreds - or even thousands - of years of human experience. In particular I will discuss its relationship with automated trading and why it is extremely importance in this field
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First of all, we need to understand the nature of this timeless phrase. Why does it exactly mean and what is the power behind it ? What do people mean by "too good to be true" ? Generally this sentence speaks about the overall human experience in the sense that it reflects the expectations of the general public. When someone tells you that a certain endevour sounds "too good to be true" it means that you may be drastically underestimating the efforts or the actual real possibilities of doing what you are intending to do.

As a clear example, imagine that you lived in the 19th century and you told someone "I will be building a machine to fly in one week". They would tell you that it sounds too good to be true and the actual truth is that you would have found the endevour much more time consuming and difficult than what you originally thought. It is worth noting that the saying does not necessarily limit the possibilities of what can be done but generally the manner in which things can be carried out meaning that if something that was "too good to be true" could be done in that way, you wouldnt be the first person doing it and it wouldnt be too good to be true after all, because it would be true.

So how does this all apply to automated trading ? It applies in a very simple way. If it was possible and so simple to turn 500 USD into 1 million in 5 years, then it would have already been done and it wouldnt be considered too good to be true. However, since achieving this extremely high capital returns isnt something which is being done by the worlds top traders or trading organizations (or anybody else for that matter... if you have an example in automated trading I would absolutely love to hear it) then it simply falls within this category with very good reason.
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Is living from automated trading too good to be true ? The fact is that if you are thinking about placing a robot on a trading platform and letting it to work like an ATM for you then it certainly is too good to be true. Othewise dont you think that the thousands of people who have learned about automated trading would be living from it right now? The reality is that most of these people are actually not making any income from automate trading but they are losing money trying to achieve the situation which is just "too good". However - as I implied before - this does not mean that living from automated trading is impossible, it merely signals that the way most people are following is just wrong. Living from automated trading is possible but the truth is that it will require a LOT of study, a LOT of work and MUCH more capital that what you have been told and - not surprisingly - it is not something everybody can do; it is a long journey filled with frustration and hard work which - alike most non-luck based roads towards wealth- is simply not travelled by the vast majority of people.

In my mind, I dont think that the "too good to be true" saying is intended to be discouraging, mediocre or destructive - on the contrary - I think that it is meant to be protective as it certainly points out that the roads towards wealth exist but they are not short and they are not easily travelled. In the end there is nothing special about you or about me and if the easy ways to achieve massive riches in automated trading were really a reality, we would have both achieved that goal without any effort a long time ago (and therefore it wouldnt be too good to be true either !). In reality the best thing you can do for yourself is to find out what can be realistically achieved and put all your hard work into. Forex automated trading - as I have said several times - is not a gold mine for you to avoid work and sit on a beach to drink Margaritas all day. The journey is far harsher and demanding than your average 9 to 5 job, but so is the end much more rewarding.

If you would like to learn more about my perspective in automated trading and how you too can build systems with realistic profit and risk targets which use sound trading tactics to profit from the market 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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Forex Expert Advisors Turbo Robot an Unbiased Review ~ forex trading long term

7:50 PM in advisors, adx, an, based, developing, expert, first, following, Forex, my, non, review, robot, strategy, system, trend, turbo, unbiased

Today I found out a new robot which has been recently released into the forex automated trading arena. This trading system - called turbo-robot - promises to deliver consistent profits with unrivaled profitability, low draw downs, diversification and overall, just awesome results. Within this post I intend to review this trading system, specially the evidence provided by the author and whether or not this evidence is able to backup the authors claims of profitability. I will also look into this evidence and through my analysis tell you if I think the system has the potential to be long term profitable. After evaluating all these different aspects of the strategy I will then conclude my review by telling you whether or not this trading system is worth buying and testing. Is the turbo-robot up to the challenge of forex automated trading ? Lets see.

The turbo-robot website starts with the usual speech telling you how most robots suck but this robot is the best you will ever find. The author points out that the problem is that people should look for consistent profits and not systems that just make profits and then wipe accounts. Then when we turn to look at the evidence this system may have to prove that it is actually profitable we find nothing but the usual faulted tests.

This forex automated trading system offers backtesting results as the only proof of profitability. However not only does the author only offer these tests but the statements from the tests are not actually shown so things as simple as the actual time period of the tests, the average risk to rewards ratio, maximum draw down, etc, become absolutely useless. Then we are faced with something even worse which is the fact that the modeling quality of the tests is not 90% but n/a. This means that the simulations are not accurate since either 1 minute data was not used for modeling or a lot of mismatch errors occur within the test.

The author then shows us a part of the backtests which are supposed to be a part of the graphs shown. We do find that the system has a very favorable 1:5 risk to reward ratio which is absolutely great for any trading system. However since we do not have access to the actual backtesting statements it becomes absolutely impossible to determine whether or not this is the average risk to reward ratio or just the outcome of a few trades.

There is also an additional problem pointed out by the people at project4x which say that the backtesting results are NOT reproducible and that actual reproduction with 90% modeling quality generates nothing but loses. I think that this not surprising given the fact that the tests made available by the author of the turbo-robot website do show an n/a modeling quality pointing out that the results shown by them are the result of errors introduced within the data (or the lack of accurate data) and therefore their tests are nothing but meaningless and useless.

I believe that the people who setup this website and put up the tests are either very ignorant of how automated trading systems work and how to run simulations or they are doing an elaborate and conscious effort to deceive buyers. In either case the lack of any investor access verified live trading results and the lack of back testing statements does point out that the sellers are not being fully open but absolutely dishonest with the websites visitors. In the end, the overwhelming lack of any reliable evidence and the absolute lack of completness and accuracy of the evidence presented I consider this system NOT worth buying or testing. In the future, I would recommend the people at turbo-robot to consider their audience less retarded and do their homework regarding proper backtesting and the ABSOLUTELY necessary posting of FULL backtesting statements and investor access verified live trading results. If they are not willing to risk their own money on their own "wonderful" system, why should you ?

If you would like to learn more about my teachings in automated trading and how you too can design and trade your own long term profitable systems based on realistic profit and risk targets 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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eurcad sell position ~ forex trading on etrade

1:11 AM in current, eurcad, Forex, my, position, results, sell, trading

This is a forex trade, not a nadex trade.
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My current trading results ~ forex trading opportunities

7:33 AM in current, Forex, important, my, results, trading, update

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My Currency Trader Magazine June Article Check it Out ! ~ forex trading jobs in london

5:51 AM in a, adaptive, alternative, article, check, criteria, currency, feature, Forex, introducing, it, june, magazine, my, new, of, out, teyacanani, trader

As many of you may already know - if you have been following my blog for a while - I have become a somewhat "regular" contributor to Currency Trader Magazine, one of the most well-known and respected magazines published in the area of forex trading. Besides featuring very famous and well-respected authors such as Barbara Rockefeller, the magazine tries to give people quality articles about both fundamental and technical aspects of currency trading. I have to say that Currency Trader Magazine had become a monthly "must-read" for me before I started writing in it, with its articles being very good to catch both a birds eye view and a practical perspective over current market conditions but being an author now gives me the opportunity to humbly contribute to this great monthly magazine. On todays post I want to talk to you a little bit about my June article and how I think it provides very valuable information about market inefficiencies and the way in which they evolve over time. You can download the June edition of the Magazine -containing my article- for free here(if it is already August and youre reading this then you will have to purchase the issue separately).

The article I wrote for the June issue attempts to address a significant question I had been asking myself for a while. Is the market so inefficient that the movements within trading sessions are predictable ? I wanted to take a look at the Asian session in particular and answer this interesting question regarding whether or not we could look at this session for a period of 4 years and predict the future magnitude of absolute movement and the range within this trading session. Would it be possible that the market moves in a predictable way during this period of low volatility ? I started to do some research to find out.

In the article I go through an analysis of the Assian sessions range and absolute movement within the past 4 years on the EUR/USD, EUR/GBP and EUR/CHF attempting to find a "pattern" of evolution that could signal the existence or absence of a "predictable movement" within this session. Of course, part of this research was inspired in the fact that many commercial system sellers have attempted to exploit inefficiencies around this session that have worked for a while and have then become obsolete. I have always thought that there is some predictability around the Asian session but attempting to exploit it without any adaptability is simply a behavior prone to eventually fail (you really wonder how many of those sellers are really traders).

The results I found were - for me - absolutely breath taking. The analysis of absolute movement values for the three different pairs revealed nothing spectacular, showing that the ranges evolve widely as the market changed. Effectively this proves why Asian session scalpers are doomed to fail, the character of the session changes tremendously with time and exploiting it using such systems in the long term is not going to work. However I then took a different look at the picture and evaluated the range and absolute movements differently - taking certain additional market elements into account- obtaining a wonderful result. As a matter of fact, what I found confirms what I have suspected for a long time.

Not only are the Asian session conditions predictable, but they are almost the SAME for the EUR/USD, EUR/GBP and EUR/CHF. This means that my article found a key part of fundamental market behavior, a characteristic of the market that appears to remain unchanged as time goes by. Of course, the details of this analysis cannot be revealed here (you need to go ahead and read the article ! :o) ) but you will see that my analysis shows clearly that the Asian session is technically inefficient and that creating systems to exploit this inefficiency is indeed possible. During the next few months I will be working on the creation of several different mechanical trading systems to use this research to show that effectively the behavior within the Asian session lends itself to mechanical exploitation.

I hope you have read and enjoyed this post and my June article. Please leave any comments, questions or suggestions you may have :o). As always, if you want to learn more about my work in automated trading and how to use forex trading systems that use sound trading techniques to be likely profitable in the long term 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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Volume Based Forex Systems Can it be Done ~ forex trading games

4:06 PM in an, article, asian, based, be, can, currency, done, exploiting, forex, inefficiency, it, latest, magazine, my, session, systems, trader, volume

When you analyze the forex market one of the first things that becomes clear is that the finding of true volume information is very hard if not actually impossible. Since the forex market has no central exchange it would require a person to track all of the largest banks in the worlds in order to know the real volume and magnitude of the transactions being done. Doing this in a real-time fashion to get volume data like that of stocks or futures would be a gigantic task that would most likely be frustrated by the complexity and "disorganized" nature of the foreign exchange market. So the question becomes, is there any way to measure volume ? is there any way to design a system based on volume information ? During this post I will share with you some of what I have learned about this problem and the best solutions that we have to tackle this issue.

Even though there is no such thing as a source of true volume information in forex trading, we could find a property that is correlated with trading volume which allows us to trade it in a way similar to how we would actually trade "true volume". The only property which has been studied extensively and which does show a strong correlation with true volume (at least we know this from other markets) is the tick number which corresponds to the number of times price is refreshed on your trading platform. This means that if during an hour there are 50 price quotes, then this hour is bound to have much less volume than an hour where there are 1000 price quotes.

Our problem here would be to use this tick volume information in a manner that is as less broker dependent as possible. Since different brokers have different feeds, filtering and liquidity providers it becomes impossible to actually use values of absolute volume as the starting point of any given trading strategy. A system that would attempt to use tick volume absolute values would certainly fail since these values are totally broker dependent and there is no way in which they can be related with actual market inefficiencies.

However the most interesting part comes when we realize that tick volume does go into predictable cycles and that we could build an indicator that normalizes this values so that we can have an "oscillator" that describes tick volume movement relative to the past X bars. This indicator would be similar to the stochastic oscillator used on price charts with the difference that it would use tick volume data. The oscillator would move to high regions when we are trading near the volume tick high of the past X periods and to low regions when we are trading near tick volume lows. By obtaining volume information that is relative and does not rely on the absolute tick volume values of the instrument we are trading we can make sure that broker dependency would be diminished and the design of profitable trading systems could start to happen.

Such an indicator could be used in several ways to find and exploit possible inefficiencies. For example, we could trade breakouts when volume drops below a certain oscillator threshold or we could attempt to trade continuations whenever there a price action movement with enough tick volume towards a given side. We could in fact also use volume information to find meaningful situations where patterns that would normally not be very interesting become relevant when they happen within the high regions of the tick volume oscillator.
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Certainly it is important to see that although there is no exact true volume information in forex the fact that we do have tick volume information and the fact that this tick volume is proportional to true market volume could allow us to develop successful systems since we have a totally new dimension of information which we dont have when we look exclusively at price charts. However it is very important here to realize that normalization of tick volume information is necessary in order to avoid broker dependency and such other problems that would make system development with absolute tick volume information a total nightmare.

The article right after mine on the last issue of currency trader magazine explores the use of some tick volume information and indicators for the development of long term profitable strategies showing that this indeed can be done, leading to very interesting results. Now it is my turn to see if Metatrader 4 is up to the task :o)

If you would like to learn more about automated trading and how you too can develop your own likely long term profitable systems please consider joining Asirikuy.com, a website filled with educational videos, trading systems, development and a sound, honest and transparent approach to trading systems. I hope you enjoyed this article ! :o)

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What Doesnt Change Talking About Inherent Characteristics of the Market ~ forex trading is easy

12:07 AM in about, change, characteristics, doesnt, ebook, Forex, future, holds, inherent, market, my, of, talking, the, what

Perhaps one of the most important questions you can ask yourself when you start using automated trading systems is : how will I survive in the long term ? This is one of the most common inquiries made by traders new to the field since it seems to be evident that the market is an ever-changing beast that does not allow the mechanical exploitation of any inefficiency for too long. New traders often experience this when they first begin to use automated trading systems. Their systems do very well, then fail or they never do well at all. Besides the fact that many of these systems dont have adequate evaluation- leading with inadequate and unrealistic expectations to long term loses - traders almost never ask themselves : what doesnt change ? It is obvious that if you want to exploit a given characteristic of the market for long term profitability you have to look for characteristics of the market that remain constant as a function of time. But are there any ? On todays post I want to share with you my view about market changes and why - even though the market changes- some characteristics of the market remain constant.

When you start to trade the market seems like an invincible beast that behaves in a very unpredictable manner. I remember that the first few months I traded I used to think "I got it" only to discover that the market would rip my strategy apart the next few months. I used to behave erratically - like most new traders behave- modifying my strategy every week in a desperate attempt to "adapt" to changes in market conditions. Of course, my focus at that moment wasnt the understanding of market inefficiencies but the massive multiplication of my money from 500 USD to a few million in a few years.

It wasnt until much later that I decided to stop my journey and build an understanding. If I ever was going to make money from this seemingly chaotic thing, I would need to find the "science" behind it. It became important for me to understand how the market behaved, what changed, what didnt and what strategies could be built that would most likely work for the next 20-40 years. I needed strategies that could work for long enough to build myself a decent income and NOT strategies that would put my capital into excessive risk or work for a year and then wipe my account.
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The question becomes : what doesnt change ? After reading a lot of books and watching market behavior for many months, I started to realize that the only thing that doesnt change in the market, is the specie trading it. The market is traded by humans and therefore any aspect of the market imprinted with human behavior should remain fairly constant. As many traders have discovered I started to see that - although individual human behavior is very different - crowd behavior doesnt change very much. I then read a few papers on game theory experiments applied to economics on groups of people across very different cultures and the results started to match up as the groups became bigger. I then realized that - what doesnt change - is simply the way in which crowds react to price action.

How do crowds react to price action ? You see manifestations of this everyday - not only in the form of market trends - but in the form of long term reversal and continuation patterns, support and resistance levels, etc. There are some characteristics of the market that simply do not change, characteristics which have appeared time and time again during the past 30 or 40 years. Evidence of this is present on almost all market instruments from the GBP/USD, to gold, to the DOW index. However you will notice when you do a close analysis that - even though these objects are ever-present within market instruments - their AMPLITUDE and LENGTH changes as time evolves. A trend that may have been only 200 pips long in 2004 can be 1000 pips in 2010 and the reason why this happens is related with the markets trading volume.
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As time evolves and there are more people in the world, the amount of money being moved in the markets becomes larger and therefore the extent of inherent characteristics of the market caused by crowd behavior also become larger. Through different market conditions, there may be larger or smaller movements of money, causing overall changes in the extent of market moves that appear like "large changes in market behavior" but that are no more than the same old characteristics viewed under the looking glass of a different volatility. For this reason, the key - I believe- to the exploitation of long term market inefficiencies seems to be the use of an inherent market characteristics that changes only with market volatility. Trends are a perfect example of this fact and there are many examples of successful trend following systems that achieve their long term profitability through adaptive criteria based on market volatility.

If you would like to learn more about automated trading systems and how you can build your own likely long term profitable systems with sound risk and profit targets 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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What do trend following equity curves look like ~ forex trading oanda

12:59 PM in artwork, channel, curves, do, equity, following, for, Forex, i, like, look, my, needed, some, to, trend, upload, what

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Ignorance My Worst Enemy ~ forex trading lingo

10:47 PM in 100, 60, adviser, enemy, expert, Forex, ignorance, my, profitable, risk, to, without, worst

As a scientist I have to say that I have always approached automated trading in a very careful and analytical way. I have always believed in the construction of knowledge around every topic I want to study and of course, trading was not an exception. Today I want to share with you my ideas about how trading should be approached and what I believe the worst problem of the field of automated trading currently is : ignorance. During the next few paragraphs I will talk about the way in which people traditionally approach this field and why this path will only lead people to frustration, failure and ultimately quitting their goals to achieve long term profitability.

Do you remember the time when you first started trading ? When you first searched a forum ? What was on your mind when you started this journey in automated trading ? The truth is that most people who decide to research forex expert advisors and learn more about the topic are motivated by what I consider the "electricity mentality". Maybe you have heard many times that you dont need to understand how something works to use it - in other words - you dont need to understand electricity to turn on a light bulb. This type of mentality is what goes through peoples minds when they get into automated trading. The word "automated" and all the expert advisor seller websites telling you that "you dont need to know anything about forex" makes it sound easy and simple. What is there to lose ?

The fact is quite simple and this is something your probably thought to. If this was so easy to do, if you could just flip a switch and cash on the forex market. Then why isnt anybody doing this ? Why isnt everyone a forex millionaire or even less, why isnt everybody living from automated trading ? The truth is something very simple, which you knew in the bottom of your heart when you started this jounery. It is certainly not that simple, and definitely not that easy.

The problem is that most people believe that the fault lies within the product, not within their approach. People usually think that "it is not that it is not possible, it is only that I need the robot that works" and this is when the quest for the holy grail begins and where most people end their careers in forex automated trading. Do you know how the crusaders who went in search for the holy grail ended ? They didnt find the holy grail and most of them died in meaningless wars searching for it, not very different from what happens in automated trading.

People need to realize that automated trading is not a horse race, it is not about looking at all the different products out there and finding the "one that works". That approach certainly doesnt work. If that way of thinking actually generated success then many people with this "best systems" would have already been successful. This is where most people end and when most people take a wrong decision, they think "the one doesnt exist, automated trading is a scam" and the fact is that the way in which it is proposed by expert advisor sellers, it actually is. There is no cash printing set and forget machine, that is just a dream that in reality makes no sense and - as many of you and me have found out through financial loss - doesnt exist.

What exists and makes sense is a different path. I am not saying that you should all follow it or that there are no other alternatives but this is what I have followed and what has worked for me. In the end, trading - automated or manual - is something you need to understand deeply if you want to succeed at it. When I saw that the promises made by the EA sellers didnt come true, I took my own way and I decided that I would research finance, system development, system design, trading, systems, etc until I got an answer about how to succeed in automated trading. What I have developped is an approach based on knowledge and not on ignorance, I have said goodbye for good to the "electricity mentality" and I have decided to fight this battle with knowledge and understanding.

Maybe my approach is not for everyone as it is not what most people hoped for when they "signed up" for the automated trading experience (in fact many people may get frustrated from reading this) but I have actually learned that this is why so few people succeed in this area. Since being successful in automated trading requires a true effort and a true understanding of all the underlying aspects of the market, system development, etc it is very easy to see that only a few are able to gather enough knowledge to fight the battle successfuly while most continue to search for a holy grail that doesnt exist and a "set and forget" solution that will simply never come.

My invitation is to quit this mentality and focus on developing your skills in the field. Nobody can do this for you, only you can do it for yourself. If you want to learn more about my journey in automated trading and how you too can get an education regarding the use and development of 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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Talking About My Ebook What the Future Holds ~ forex trading income tax

10:06 PM in a, about, ebook, Forex, free, future, fxreviews, holds, my, new, project, starting, talking, the, what

A few weeks ago I gave my almost one year old ebook a new read-through to check the validity and relevance of its content and to see if there were any improvements I could do. After reading the ebook and looking at how my vision through last year has evolved I realized that many changes and additions are due. Although the contents of the ebook right now are very valid and do point traders in the right direction in automated trading I feel that a lot of depth - particularly pertaining to system design - is currently missing from its contents. Of course, there is also the fact that the ebook is missing the last 2 experts from the Watukushay series, something that also must be added if the ebook is bound to keep up with this - seemingly ever-evolving - project. On todays post I want to talk to you about the ebooks future, the changes that will happen within the next few months and what I expect from all this evolution.

The first thing that will be certain is that the ebook will no longer be offered by itself. Through the past few months I have been giving this a lot of thought and I believe that the ebook does a better job at helping traders as part of the overall Asirikuy package. So from the next update, the ebook will be only available within Asirikuy. Of course, previous ebook customers will keep on getting the update but the option to buy the ebook by itself will completely disappear from this website. I believe that this is the way to go since it will allow people to have a "full view" of everything and to get a complete education in automated trading. I hope I will be able to create much more synergy between the ebooks contents and Asirikuy within the next release.

Regarding the contents, I believe that the current version leaves a lot of spaces open that need to be addressed. I reviewed the ebook with a friend who has some basic knowledge regarding automated trading and forex in general and he was a little bit overwhelmed by the amount of content and the ideas within some sections which required a good amount of time to assimilate. It took him a lot of time to follow many of the tutorials but -in the end- he was able to reproduce the Watukushay experts and their analysis on his own. I believe that a lot can be done to improve the teaching of coding within the ebook and a lot of emphasis in initial system development is also missing.

Perhaps one of the most important additions I plan to do is a whole section on mathematical exepctancy analysis which will provide people with some tools and tutorials to guide them through the first - and often the most critical - parts of system development. I will try to teach how to device an initial trading logic and an approach to trading, focusing on systematic building and the analysis of mathematical exepctancy using the EA I created for this purpose within Asirikuy. I think that with these and a few more changes, the ebook will be able to improve on its current state and better help traders achieve their goals to become long term profitable traders using automated trading systems.

I want the ebook to be the introductory and main piece of Asirikuy, a "tome of knowledge" so to speak, that gathers all my basic concepts in automated trading coupled with a lot of practical exercises, tutorials and guides to bring someone from "I dont have any idea" to "I have coded my first likely profitable trading system using my own ideas and analysis". Do you have any ideas about what the ebook should be ? Do you want to suggest any content additions ? reductions ? changes, etc ? What would you like to find in the ebook ? Please leave a comment :o)

It is difficult to say right now when this "major update" will be out, but probably I will be releasing it sometime before Aug 07. If you would like to learn more about the ebook and my journey in automated trading 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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3 white soldiers 3 black crows Strategy ~ forex trading demo app

3:17 AM in 3, black, crows, Forex, in, line, my, sand, soldiers, strategy, the, white

Very Simple system - simply look for 1 of 2 candle formations at or near the bollinger band (in this case the default 20)

You are looking for either 3 consecutive bulish candles for a buy, 3 consecutive bearish candles for a sell - thats it!!! - 3 white soldiers / 3 black crows formations

Things to note. On the larger moves, the price WILL retrace. Best thing to do in this situation is when you see this happen (typically 1 or 2 candles in the opposing direction) simply close the trade and re-enter when the price has returned to the point where the change started. as for exit strategy - a lot of the time you can count on approx 2 - 3 times the value of the retracement (e.g. if the price retraces 10 pips, then you are looking on the re-entered trade of a TP between 20 - 30 pips!

You can use ANY 3 consecutive candles, however this works best when the price has just "bounced" off the Bollinger Bands.

Source: forex-strategies-revealed

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My Line In The Sand Strategy ~ forex trading daily chart strategy

5:51 PM in Forex, guy, in, line, my, sand, strategy, stupid, the

Every one says keep it simple and the trend is your friend. This is as simple as it comes and it utilizes daily trends in the Forex.


Currency pairs: ANY
Time frame chart: Daily
Indicator: SMA (I use a 30 SMA on most my charts but the idea is to choose a SMA that gives you the best looking trends.)


Entry / Exit rules:
Crossing the SMA in either direction, in other words you reverse your position when ever the price crosses the SMA



Money Management:

2% of your account per trade
1 open trade per pair with a stoploss of 1/2 % of your account (even though the idea is to reverse your trade  every time the price crosses the SMA, there will be times that you’re not going to be there in front of your computer and in those cases you will need a stoploss to ensure your account only takes a small loss.)

Advantages: This is a trend following system and the Forex does trend.

Disadvantages: In periods when the market is not trending there will be a lot of little losses. (For me, this is price I pay in order to catch a big trend.)

Source: forex-strategies-revealed

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Forex Expert Advisors Fish Forex Robot an Unbiased Review ~ forex trading lot size

6:15 AM in advisors, an, blog, doing, expert, fish, focused, forex, getting, honest, know, marketing, my, people, review, robot, some, to, unbiased

On another review I will be examining the Fish Forex Robot expert advisor today. This trading system- which was released a few weeks ago- claims to be able to generate 3000 to 4000 USD every month spending no more than 5 to 7 minutes a day "monitoring the robot". It also claims to be able to "double your account every month" a very bold claim which the author should be able to backup. Within the next few paragraphs I will analyze the trading evidence provided by the author and I will see if it is able to sustain her claims. I will also look into the experts trading tactics and I will tell you if the Fish Forex Robot has a high like hood of achieving long term profitability and whether or not it is worth buying and testing.

In the beginning you see a big box that tells you that you have two options. The first one is 3-4K of stable income from Fish Forex robot or vague promises of fortune-making strategies. However this is just very misleading and one of the marketing tactics I hate the most because it reflects a general LACK of knowledge from the expert advisor seller. You simply cannot mention any profit without mentioning the necessary intial capital investment. Do you get 3-4K from one million dollars, from 10 dollars, from 1000 ? It is absolutely frustrating to see these claims over and over again with absolutely no basis in real trading.

What we have from here on does not help the trading systems cause either. The seller shows us a backtesting equity curve that - surprise - is that of a Martingale showing how a 1000 USD account turned into 19,000 USD in just a little bit more than 6 months. The backtesting chart and the statements show a five fold increase in lot size with every loss, telling us that not only the system uses progressive money management but it also has a very unfavorable risk to reward ratio. Cleverly all the places where we could infer the risk to reward ratio from have been blurred and all we have to actually think this is the case is the fact that a five fold increase in lot size merely recovers the last loss pointing to a 4:1 risk to reward ratio which - combined with a progressive money management system- is definitely a time bom.

Then we have a "live trading statement". Please, this statement is merely a joke. Anyone could put up an html and makeup that statement and then blur it. If this seller is serious about showing profitability then she should include a REAL live investor-access verified account that TRULY showed live-updated trading results that we know are obtained from a real account with real money. This "live testing evidence" which - even if real - is extremely limited, simply does not contribute to any proof of profitability. What does the seller want to hide ? Why not risk her own money to show the "consistent income" her system can make ?

What we see in the case of the Fish Forex Robot trading system is nothing but a system with a seemingly very unsound trading tactic that has absolutely no reliable evidence of profitability. The author hides backtesting statements, denies 10 year backtesting results, blurs "live trading results" and does not even risk her own money to show us a live investor-access verified account. This system trades a very dangerous game and a few consecutive loses are bound to put you into VERY DEEP draw down if not an account wipeout.

Due to the fact that there is simply no evidence to backup profitability and the fact that the system uses an extremely unsound trading tactic with a very dangerous progressive money management strategy (five fold increase in lot sizes) I consider the Fish Forex Robot NOT worth buying or testing.

If you would like to learn more about automated trading and gain a true education on how you can evaluate and be successful with expert advisors with sound risk and profit targets 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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Fxreviews Facebook Group Feel Free to Join ! ~ forex trading jokes

6:45 AM in article, check, currency, facebook, feel, Forex, free, fxreviews, group, it, join, june, magazine, my, out, to, trader

After talking to several people about the interaction with my website and getting my blog a little bit more online presense I decided to take a very important step forward and do an experiment using facebook. As you may all know, facebook is the most important social network out there and I trust that getting my blog into this environment will allow us to become a stronger community allowing me to better know you and allowing all of you to better know me. Of course, I think that hardly any other forex related individual is as open as me from a personal and business standpoint but I believe in transparency and I believe that only good things can come out when intentions are the best :o). On todays post I want to talk to you a little bit about this decision, the consequences I expect it to have and the decisions I have taken to prevent bad things from happening within the newly formed group.

Truth be told, I have never been the biggest fan of facebook. For the first three years in which I used it I barely had any friends because I kept on rejecting everybodys invitations. I certainly thought that facebook was nothing more than an invasion of privacy and giving everybody I knew the chance to join me as a friend didnt seem like the best of ideas. I certainly opened my facebook account to please my girlfriend, who likes to send me messages, cute stuff, etc, but I had never taken facebook seriously as either a way to keep in touch with people or do any kind of business.

Of course, the years passed and I started to change my mind. After allowing people to become my friends and adding a bunch of people from my high school and university I started to understand the good things about this platform and how to control the "reach" it has over my privacy. Finally you are the person who decides what to post and what not to post on your facebook account and you also decide how sensitive this information is when you accept new friends. Personally I have found facebook much more useful as a business development tool rather than a game-like website many people become addicted to.
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From a blog stand-point I believe that facebook will be very useful in the sense that it will allow me to get a real grasp of how big my audience really is and what your expectations and opinons are. This is the reason why I have created a facebook link which takes you to the newly founded facebook group dealing with this website. You can join this group and become a fan of my blog :o) and this way you can start commenting, leaving messages, suggestions, etc without having to have a gmail or open-access account which is currently a requirement to leave comments on this blog. Of course, I am absolutely sure that there are a bunch of spammers and affiliates lined up to fill my groups blog with trash, reason why I have completely disabled the posting of links on the wall and groups forum.

So my expectations with this facebook group are high :o) I want you to join if you want, leave whatever comments, questions or suggestions you may have and help me take my writing and the contents of my blog to the next level. I will also be able to better hear your requests, your opinions and to help you reach that goal of further profitability and long term sustained growth in forex automated trading. By the way, you can also become my friend if you want by adding me to your facebook using the badge below :o) (thats my girlfriend by my side by the way !)

Daniel Fernandez

If you want to learn more about my journey in automated trading and how you too can become long term profitable using systems with 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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i needed to upload some artwork for my channel ~ forex trading online course

11:53 AM in artwork, channel, for, Forex, i, my, nadex, needed, performance, recap, some, this, to, upload, weeks

Go to the roku channel store. Click on "internet tv" and add my channel!

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