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Trading Forex Automated Systems Website: http://dtcoach2.robovore.hop.clickbank.net/

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Making a Living with Forex Automated Systems

Written by Allan Sykes

DISCLAIMER

Trading carries a high risk and you should never trade with money you can’t afford to lose. The contents of “Trading Forex Using Automated Systems” are for educational purposes and should not be considered in any way

as investment advice. Ultimately you, the trader, must take responsibility for your own trading decisions. Although every effort has been made by the author to ensure accuracy (as at Feb 2010) the content of this book

cannot be guaranteed as accurate into the future.

Past performance is no guarantee of future results.

The Author accepts no liability whatsoever for losses or damages resulting either directly or indirectly from the use of the information contained in this book.

© Copy write Allan Sykes 2010. All rights reserved.

No copies of this document can be made either electronically or on paper

Without prior permission from the author.


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Contents

THE PERFECT BUSINESS ............................................................................................................................. 3 BACKGROUND ............................................................................................................................................ 3 WHY TRADE AN AUTOMATED SYSTEM?..................................................................................................... 4

Trading manually takes Time, lots of time…......................................................................................... 4 Trading manually, especially intraday, is Stressful .............................................................................. 5 Enter my first Automated System .......................................................................................................... 6

WHY FOREX? ........................................................................................................................................... 7 ASSESSING A SYSTEM................................................................................................................................. 8

Calculating the Likely return of a system ............................................................................................. 9 System Velocity as a measure ............................................................................................................. 12 Using Velocity to compare systems..................................................................................................... 12 Could this simple formula be applied to back-test results? ................................................................ 14 What type of system is likely to make the best return?........................................................................ 17

KEEPING COSTS LOW ................................................................................................................................ 19 Time Scale to Success – Having Patience........................................................................................... 20

BUILDING A TEST ENVIRONMENT............................................................................................................. 21 Choosing an MT4 Broker.................................................................................................................... 21 Installing and configuring MT4 for testing......................................................................................... 22 Running a system on a demo account ................................................................................................. 23

GOING LIVE.............................................................................................................................................. 24 Expect to see a drop in profits when trading live................................................................................ 25

WHAT CAN BE ACHIEVED ......................................................................................................................... 26 WHICH SYSTEMS DO I USE CURRENTLY ? ................................................................................................. 27 WHAT’S NEXT? ........................................................................................................................................ 27 WHY DO MOST TRADERS FAIL? ................................................................................................................ 29 LIMITATIONS OF AUTOMATED TRADING SYSTEMS ................................................................................... 31 WHAT DOES THE FUTURE HOLD? .............................................................................................................. 31 SYSTEMS PURCHASED AND REJECTED....................................................................................................... 32


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The Perfect Business Trading Currencies on Forex (Foreign Exchange) can be rewarding, and has many benefits that other businesses do not have. Just some of these are :-

• No need for premises • No stock to purchase and store. • No staff to Manage or pay for • No invoicing, or payment wait time • No VAT or surcharge tax to deal with • No Delivery costs • Unlimited earnings potential

However, this does not mean that trading Forex is easy, far from it. Here are some of the issues you must face :-

• To Trade you need Trading margin (raw cash to put into a trading account) • You have to learn to lose, before you start to win….. • You have to learn to cope with the increasing stress that trading larger and larger

amounts of money brings as you begin to succeed • You have to learn to control your greed, or you will bust your account.

Take your time, start small, prove everything. Learn to use automated trading systems as tools. Read on.

Background Allan Sykes has been writing and trading algorithmic based systems for more than 25 Years. The history of how such systems development has improved can be clearly seen in the following timeline of hardware and software used by Allan to develop a myriad of systems :-

• 1982 Using a Commodore 64 and laser basic to chart price action. • 1983 Using an IBM XT 8088, DOS 2.0 and Lotus 123 to write both indicators

and crude formulas to calculate Trade entry. • 1984 Using a Compaq 286DX, DOS 3.3 and a cubix card to allow multiple

processing (for optimisation). • 1986 Using Compaq 386SX and windows 2.1 to do more of the same but faster. • 1989 Using a Viglen PC with 486DX and a beta copy of Windows 3.0. • 1994 100Mhz Pentium with windows 3.11 running ‘TradeStation’. • 1997 230Mhz Pentium MMX running windows 95 and ‘TradeStation’. • 1999 Pentium 3 @ 550Mhz running windows 98 and ‘Tradestation’. • 2001 Pentium 3 @ 1000Mhz running XP and a mixture of ‘TradeStation’ and

eSignal.


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• 2003 Pentium M @ 1.7Ghz running windows XP, ‘Tradestation’ and eSignal. • 2005 Pentium 4 running windows XP, eSignal and bespoke API handling to place

and control Trades automatically via Interactive Brokers. • 2006 Intel Core 2 Duo @ 2.13Ghz running XP and eSignal and Metatrader 4. • 2008 Intel Core 2 Duo @ 3.2Ghz running XP and eSignal and Metatrader 4. • 2009 Multiple Dell 1U rack servers (3Ghz Xeon duo core) running windows

server 2008 clustered for optimisation. Development environment now MT4, plus DLLs coded in C++ in visual studio. Optimisation using neural networks, processing MT4 based trading system file outputs.

And the future ……

• Self aware, fully conversational neural network Trading via several dozen client based live account systems expected within the next 4 - 6 Years.

The above list may seem daunting to someone contemplating having a go at Trading today, but you needn’t worry. If you are going to develop a trading strategy, then Yes, the learning curve is steep, but if you just want to Trade such a system, then there is a plethora of systems you can try. What’s more, there are good systems out there that do not cost the earth. I both develop and purchase trading systems, and I Trade a mixture of both for a living. I have developed an assessment process that allows me to filter the chaff from the profitable, when purchasing someone else’s system. I have also developed a measure that allows me to compare their expected success with my own. I can do this before risking anything more than the purchase price of the system. As of July 2009, I have purchased and assessed more than 280 systems, as well as having written and Traded more than 45 of my own. Interestingly, out of those 280 purchased systems (over some 15 Years) only 18 Have proved worthwhile, with only 2 still being Traded.

Why Trade an Automated system?

Trading manually takes Time, lots of time… Simply put, it saves time and stress. In 1982 I used to spend upwards of 3 hours after the Daily markets shut to input data and calculate what prospective trades there are. All done late in the evening, before actually placing these trades the next Day during the active session with my Broker.


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Weekends would be spent compiling summaries of the week’s activities, as well as optimising systems for the next week. Although I loved my work, it was all significantly time consuming ….! Today, I spend almost no time Trading. The automated systems I use do 90% of the work. I spend 10-15 hours a week setting off optimisations and back-testing new modifications to existing systems, or perhaps evaluating a new system I have purchased. Other than this, I am free to do more or less what I want.

Trading manually, especially intraday, is Stressful Talk to a manual Day Trader, and they spend upwards of 6-10 hours watching patterns form, calculating trade entry, making the trade, watching a trade unfold and closing a trade. An active Day Trader can place 10-50 Trades a Day. The stress levels are quite something. Measured heartbeat rates of active Day Traders have been known to nudge 180 beats a minute at peak stress moments. Quite a few ‘burn’ out in a matter of Months. For me this stress grew as trading time scales got shorter. Intraday Trading being the most stressful. Stress also made me alter the rules of my trading strategy. I would shorten profit takes, move stops too tight and generally cause Trades to lose money….! I just new there had to be a better way.


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Enter my first Automated System My first automated system worked on End of Day charts, and produced an alert list that included where to put the protective stop, and profit take. At the end of each Trading session this list would be generated and I would simply place the Trades with my broker and leave the system to it. Completely hands off. This was around 1987. I used to Trade US stocks then.

Early Days for automated systems … ! Over time this system developed into a fully automated system, that even placed the pending entry orders (complete with active stops and profit takes if the initial entry was taken) directly with my broker, all fully automatically. All I had to do was check to make sure the orders (and any stop movements) were correct which took 15 minutes in the evening, and I was done until next evening. This was around 1999, just as brokers started to offer trading online via the internet. The main thing is that this system taught me, is that a Trader should concentrate on assessing a systems performance and modifying the system for maximum gain with


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minimum risk, as well as monitoring the market being traded for personality change. The idea here was to assess when to trade, not undertaking the actual trading ….. ! This was a revelation ! The stress did not disappear, but did become manageable. It also freed up the most important commodity of all … TIME. I now had the time to study. To develop new systems. I even developed my own code library in TradeStation (although funnily enough I do not use TradeStation today, partly because of the $199 a Month subscription costs, and additional costs for data). Over the next 25 Years I learned to develop Trading systems that were (and still are) pretty sophisticated, and even earned a Masters degree in software development in the process. Today, you do not need any of this. Today, with a broadband link to the Internet, and a modern PC you can purchase, assess and Trade an automated system to make money. This can be done part time initially, and over time can become very lucrative. Do not be fooled though. This is not an instant path to wealth. Like any business it takes time to get it right. That said, I know of no other business that has the ability to deliver RAW cash the way that Trading Forex does. There is no stock to warehouse, no invoicing, and no wait for payment. You do not need employees, or premises. You don’t need to get up early, or wear a suit. You don’t need to commute either……. I personally would not contemplate any other business.

Why FOREX? If you want to sell a product such as fruit, you need a good supply chain. This supply chain has to have the ability to supply quality goods quickly for you to sell. You need to be able to get your goods in front of customers for them to see, and once sold you need to get the goods to them quickly. The products you sell have to be at the right price, and you need to make sure that you have enough of them to satisfy demand. There is no point selling a rare fruit, if all you can get is 3 of them, and no one wants them. The Stock and Forex markets are the same. You need to deal in Stocks or Commodities or Currencies that people want. You also want to buy and sell quickly as close to the advertised price as you can get.


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Forex (short for FOReign EXchange) is the largest market in town. On some days this market can Trade upwards of $3.21 Trillion. What this means is that when you want to buy currency, it will be sold to you almost instantly. When you want to sell currency, it will be bought almost instantly. What’s more, competition to buy and sell is so strong, that in normal transactions, the spread (the extra bit the broker adds and subtracts to make money) and slippage (the movement in price away from when you asked to buy or sell) is kept to an absolute minimum. On the most liquid currencies, the spread can be as low as 1-2 pips, where a pip is as low as 100th of a US cent. On most liquid currencies, the slippage is also low, typically being less than 5 pips. I have traded just about every market there is from Stocks, commodities and their underlying futures and derivatives, and FOREX beats them all into a cocked hat. Forex is highly liquid, with some of the largest transaction volumes, and more importantly, once you understand the basics, transacting in forex is easily understood. For me, FOREX is the only game in town….!

Assessing a System So, having decided to trade FOREX, and having discovered several FOREX systems, how do you assess how good they are? Measuring the return of a system is not just about profit. It is about how this profit is delivered. Why is this important? Firstly, Psychology. It is about being confident, that even if the system loses, over time you are going to make money. Secondly, and more importantly, it is also about just how much time is it going to take to make money versus the amount risked each Trade, and the quantity and frequency of Trading. So how do you know which system is better? To compare different, disparate systems, you need a standard methodology for measuring the likelihood of success. I have figured out how to do this ….. using pretty simple maths too!


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Calculating the Likely return of a system You need to know what the likely return of a system actually is. To do this you need to know what the return is for every $ risked. The maths for this is actually quite simple.

“How do we know which one to pick”? If you have access to historical trading, you can calculate the following. Remember that the more trading history you have access to, the more accurate an assessment of a system becomes :- AW = average win in value (if each of the winning trades made $12.34, $32.14, $2.67, $7.54, $8.55, $9.32 respectively, then the average win would be the total of all profits divided by the number of trades totalled, in this case 6, which would give an average win amount of $72.56 / 6 = $12.09)


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PW = probability of winning (if your system made a profit 6 time out of 10 then this would be 60% or 0.6) AL = average Loss in value (if each of the losing trades lost $3.11, $8.67, $3.55, $7.12 respectively, then the average loss would be the total of all losses divided by the number of trades totalled, in this case 4, which would give an average loss amount of $22.45 / 4 = $5.61) PL = probability of losing (if your system made a loss 4 time out of ten, then the probability of losing is 40% or 0.4) With this information you can calculate your Likely return :- Likely return = (AW x PW) + (AL x PL) ---------------------------- AL Therefore in the above example the Likely return is :- (12.09 x 0.6) + ( 5.61 x 0.4) -------------------------------- 5.61 Which is $1.69. There fore the above system has a likely return of $1.69 for every $1 risked. (Note that this return is on top of the $1 risked, and therefore the actual return is $1 + $1.69 giving $2.69 in real terms. That said, we only use the likely return of $1.69 in any calculations) Knowing the average frequency with which a system places trades is also important. Why? Because the more often a system trades (assuming it has a positive Likely return) the less you have to risk on each Trade to achieve a similar profit as a system that trades less frequently. That said you do need to standardize the way you measure frequency. I tend to look at the number of Trades a system places per Year as the frequency standard. Example 1 :- A system places 45 Trades in 1 Calendar Month. There are 31 Days in this month. Therefore this system has an average Trading frequency of 45/31 = 1.45 Trades per Day, which is 1.45 x 365 = 529.8 Trades per Year.


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Example 2:- A system places 4 Trades over 6 Months. There are 181 Days in this 6 months. Therefore this system has an average Trading frequency of 4/181 = 0.022 Trades per Day. Therefore this system has an average Trading frequency of 0.022 x 365 = 8.06 Trades per Year. So by combining both measures above, (the likely return multiplied by the frequency of trading) you get a true measure of a systems likely performance. This standardized measure can be used to compare disparate systems of any type, AND also to gauge ‘which’ of all the systems you compare is likely to deliver the best overall return in the shortest time.


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System Velocity as a measure I call this measure above Velocity. It can be used to compare completely different trading systems. It doesn’t matter whether you are comparing an intraday system that places 5 Trades a day on a 1 minute Forex Chart, or a Trading system that holds medium term positions on stocks of the DOW30. ALL systems can be compared, simply by looking at the trading history over time.

Using Velocity to compare systems Here are 6 different Trading systems history over time :- All systems were traded with the same starting capital of $2,000 System 1 is a derivatives system that places trades on the 4 key commodities :-

• Placed 63 Trades over a period of 7 Months • The average win was $22.63 • The average loss was $19.84 • The probability of winning was 51% or 0.51 • The probability of losing was 49% or 0.49 • The Likely return was $1.07 for every $1 risked • The frequency of Trading per Year was 107 trades per Year • The velocity of the system is therefore 115

System 2 is a stocks trading system geared to Trading the DOW30 :-

• Placed 14 Trades over 11 Months • Average win was $102.56 • Average loss was $63.55 • Probability of winning was 61% or 0.61 • Probability of losing was 49% or 0.49 • The likely return was therefore $1.47 for every $1 risked • The frequency of Trading per Year was 15.2 trades per Year • The velocity of the system is therefore 22.38

System 3 is a Forex system that trades a single currency pair :-

• Placed 64 Trades over 3 Months • Average win was $10.73


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• Average loss was $12.26 • Probability of winning was 87% or 0.87 • Probability of losing was 13% or 0.13 • The likely return was therefore $0.89 for every $1 risked • The frequency of Trading per Year was 255 trades per Year • The velocity of the system is therefore 227

What is interesting here is that even though the 2nd DOW30 system has excellent returns on a per trade basis (10 x the Derivative and Forex systems) and has the best profit to loss ratio of 1.61, the 3rd system, a Forex system has the best velocity. It is the 3rd system that is more likely to grow your balance the QUICKEST.

I have Found One … ! All of these systems were traded on real accounts over time. Now for something even more interesting.


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Could this simple formula be applied to back-test results? In a word absolutely! You now have the tools to assess any system, even after conducting a back-test. In fact most back-tests result in a report similar to this one from an MT4 Forex system :- Example report from MT4


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This report already summarizes the data you need to calculate the velocity of the trading system. In fact the velocity of the above trading system is 493 just in case you are looking to calculate it yourself. In fact most system sellers actually have their back-test results published on their website. So you could actually calculate each systems velocity, without even purchasing the system … ! So , isn’t it just a case of evaluating and purchasing systems that have assessed well as in above ? Well yes and no …….. You see there is one big problem, especially with regards to back-test results. They tend to be inaccurate! Less than 1% of all systems that show positive back-test results, actually forward trade with success. There is also another hard rule I have learned through writing and back-testing / forward trading my own systems too :- The shorter the time frame the system trades, the less accurate the back-test results actually are.

Intraday Trading systems are hard to find … !


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There is a combination of things that cause this, from simple curve fitting of parameter settings, to the amount of history used to back-test a system, to inaccurate data used, as well as accidental coding of trade entry that uses data that would not be available in real time. Usually it is a combination of all of the above that causes the problem. That said, if a system does not back-test at all well, then it probably isn’t going to forward trade well either….! Calculating the velocity of a system from any results shown on the website is a good start …. Quite often, a system vendor will have both back-tests and forward trading results displayed on their sites. Calculate the velocity of both back-tests and forward trading, and you can also then see the Actual trading variance between both. You simply calculate the velocity of the back-tested system (called BTV) and then compare this with the velocity of forward trading (called FTV) By dividing the FTV by the BTV and multiplying by 100 you get the forward trading accuracy of the system. For instance lets say that the velocity of the back-tests shown on a system vendors website is 140, and that the velocity of a real trading account is 87, then the forward trading accuracy of the system is :- FTV Forward Trading accuracy = ------ X 100 BTV 87 In the above example this would be = ---- X 100 140 Which results in a forward trading accuracy of 62.1% which is typical. This means that there has been an element of curve fitting to parameter settings, or the broker’s spread and slippage is significant. This is a typical figure though, and in reality most ‘live’ accounts are’nt … ! they are merely forward traded results on a demo account, which has NO slippage, and fixed optimal spreads.


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What type of system is likely to make the best return? The best velocity systems I have encountered tend to trade intraday for small profits, but NOT in the way you think. They Nibble several times at a price movement, rather than take a long term view and stay in a trade for a reasonable period of time. They also look to capture small profits from any of the 3 most likely price personalities that a market can have. By this I mean that the price action falls into 3 categories of movement, Trending, counter trending (sideways or ‘channeled’) and breakout. What is interesting though is that the best systems use a trading array. This means that there are several systems within the single program. Why? There have been several books written about the subject of a markets price action personalities. The summary of all of these is quite simple. You can expect any Trading symbol (Forex, Stocks, Derivatives commodities etc) to have the following percentage of each of the 3 distinct personalities :-

• Counter Trending (sideways, or range bound 60% • Trending 30% • Breakout 10%

My own experience has shown that most breakouts also occur with trend, consequently a good trend capturing system will probably capture most breakouts. Therefore, you should look for a trading system that addresses the above with a system that looks to trade each of the 2 main personality types above (Counter trending and Trending) Because the best technical indicators, at least in terms of accuracy, are End of Day / 4 hour, in terms of time-frame, any one system will place a trade a couple of times a week. So you need several systems to get the frequency of trading to something reasonable such as once every Day or two. Most newbie Traders want to see 5-10 Trades a Day, and that’s what gets written and sold. It is a simple question of demand and supply. This is probably the main reason most systems, especially Forex systems are rubbish …..! Take my advice and don’t buy a system that looks to Trade more than twice a Day max, and typically trades 3-8 times a week, with no trades at all some weeks.


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In fact the ideal system will Trade 30 – 60 Trades per Month tops. Anything more than this is probably using intraday timeframes for indicators, and will not show consistent returns. The above described Trading array, that uses both personality and EoD/4H technical indicators is currently rare. Funnily enough, it is also the least sought by newbies……! I call this type of Trading system an Intraday Hybrid. You now know that this is the type of Trading System you are looking for … !

A few simple measures can save an awful lot of Pain … !


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Keeping costs low All costs should be transformed into a total cost to Trade. Years ago when I used to Trade stocks, I would convert the transaction cost of buying and selling the shares (stocks) as well as data fees into a cost per transaction, based on my average transaction rate per month. This added nearly 10% to the cost of Trading stocks, especially when I first started out, and was only trading small amounts. Today things are different, especially when looking to Trade Forex.

Oh How Times have Changed ….! Firstly, there is a platform called MetaTrader 4 written by metaquotes. This platform is fast becoming a de-facto standard with Forex Brokers around the world. It has one huge advantage. It is free to install and use as a client. Even the data is free….! Add to this the fact that transaction costs via an MT4 broker can be as little as 2 pips per trade and MT4 is a no brainer to the newbie trader starting out.


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The combination of MT4, a decent broker, and a Trading Robot written for MT4 has brought countless people a new way of earning a living, and some have amassed a small fortune to boot. You can do the same.

Time Scale to Success – Having Patience This is important to mention now. This whole process CANNOT be circumnavigated. If you jump straight in, you will pretty much fail, or bust your account pretty quickly. A realistic view to Trading must be adopted. Like any other business it takes time to make a success of Trading. It is therefore important to note that a realistic time scale to success is 18 Months plus. I am always amazed at people who assume that they can be up and running and making a living within a few weeks. It just will not happen.

Getting it right takes time … !


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Building a Test Environment This is the first stage to assessing systems, and also to gain familiarity with the forex market, and MetaTrader 4 which will become the mainstay broker application that you are going to use. You will need a PC and monitor (this does not need to be anything special, so long as it is a Pentium running Windows XP or higher it will be fine) You need access to the internet via broadband. Nothing else will do. You need a reliable internet connection, because an automated system will require live data to be arriving on chart within MT4 to be able to predict when to enter, and when to exit, as well as actually communicate with the broker to place and exit trades. Live data is also used to trail stops, and exit if using a stealth mode to fox the Broker.

Choosing an MT4 Broker There are several things you need to know about MT4 Brokers. They are not all the same. Lotsizes supported MT4 Brokers offer either a standard or mini account type. Don’t confuse this with lotsize type (mini, micro etc). The account type merely sets what 1 lot actually means in terms of $ risked per pip. A standard account means that 1.0 lots is actually $100,000 worth of currency. What this actually means is that for every pip movement 1.0 lot on a standard account would gain or lose $10 per pip movement. On a mini account type 1.0 lots is actually $10,000 worth of currency. What this would mean is that for every pip movement 1.0 lot on a mini account would gain or lose $1 per pip movement. If this wasn’t confusing enough, fractional lotsizing is then available on both account types … ! For instance on a standard account, a minilot is 0.1 standard lots and would gain or lose $1 per pip movement. HOWEVER, on a mini account type 1.0 lots is a minilot … !!!! Where a broker supports microlots, on a standard account type, 1 micro lot is 0.01 standard lots and gains or risks $0.10 (10 cents) per pip movement. HOWEVER, on a mini account type 1 microlot is 0.1 minilots …… !!!!


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You need to understand this fully, or you will suffer larger losses that expected. The golden rule here is, choose a broker that supports the smallest lotsizes available. In the US InterbankFX actually support a propriatory lotsize of 1 nanolot, where 1 nanolot gains or risks 1/10th of a US cent per pip movement. The smaller the lotsizes supported the greater the granularity available to set Trade lotisizes to your account balance. This becomes more critical the smaller you’re initial starting balance. The other thing you need to be careful about when choosing a broker, is whether they are directly trading forex as you place trades, or whether they use an in house broker desk. Why is this important? Because where a Broker has a dealing desk, they are looking to offset buy and sell trades internally between customers, as well as gauge whether to risk their own money Trading against you. Keep this in mind. Brokers will alter the spread and slippage to retain more pips against you. The more unscrupulous Brokers are even known to lag and move the price action beyond the actual market just to capture known stop positions etc. Small brokers tend to be classed as retail brokers (and have dealer desks) larger brokers tend to be classed as ECN (Electronic Comms Network) brokers (and don’t have dealing desks. They charge a fixed commission for each Trade, and typically have a minimum account balance / Trade size. There are hybrid Brokers appearing, that cator for small account sizes, and offer as near to ECN as possible. InterbankFX in the US and Alpari UK are two that spring to mind.

Installing and configuring MT4 for testing You need to choose your MT4 broker and then go to their website and download and install their copy of MT4. This is free, and will usually require a registration form to be filled in. Once you have MT4 installed and operating (ie receiving live data onto a chart) you need to download as much data as the broker has for each of the timeframes. Start at 1 Month, and work down each timeframe. You now need to download sufficient history data for each of the timeframes MT4 has (Month, Week, Daily, 4Hour, 1Hour, 30 Minutes, 15 minutes, 5 minutes and 1 minute) During this process, do not shut down MT4


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Make sure you have ‘auto scroll’ turned off. On each timeframe, hold the ‘page up’ key until no more data arrives on screen. The data will poll backwards through time, filling the local history cache. Do this on every timeframe there is. The shorted the timeframe (especially 1 minute) it may take some time for the data to download. You can also download interbank data (which is probably the most accurate in terms of what the market pricing actually did) simply go to the history centre within MT4 (‘Tools’ from the top menu, then click History centre from the list that appears) Find the currency pair you are going to back-test / Trade (EUR/USD), and open the 1 minute bar history by clicking on it. Then click the Download button. This will take some time. Once downloaded, then click each successively higher timeframe to populate using the 1 minute bar data. Double click 5 minutes, then 15 minutes etc. Finally click close once finished. Once you have the data downloaded, you need to create caches files that the Tester applet will use. To do this, you need open the tester applet, set a start and end date for the back test (choose something sensible like a start date from a Year ago, and an end date of today), choose the currency pair to test (EUR/USD), and also choose an expert advisor. MT4 installations usually come with an MA Expert Advisor. Choose this and then set ‘Open prices only’ model and set the period at M1 for 1 minute bars. Then click start. Check the trading results via the graph tab that will appear once the back-test starts. Make sure that the first trade is on or around the start date set above. Repeat the back-test using a model set at ‘every tick’ Repeat the whole process for each currency pair you intend to trade. You now have a system ready for back-testing.

Running a system on a demo account Having found the system you want to trade, the next step is to trade a demo account. Realistically you should do this for at least 3 Months. You need to see the system work over several 10s of trades, and over different market conditions (Trending, Counter Trending and breakout)


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If possible, you need to see the system cope with this several times. When opening a demo account (just as above when setting up for testing) make sure you set your margin at what you are aiming to trade. There is no point running a demo account with $50k starting margin, if you are going to start a real live account with $500 !

Going Live When you have found a system that you feel is worth going live with, I then recommend the purchase of a dedicated PC for the purpose of running your live account (nothing else) or a subscription to a decent VPS service (Virtual private Server). If you decide to subscribe to a VPS service, make sure you go for a dedicated one, simply because shared servers crash often, and can cause missed trades and trailed stops etc. I personally use a dedicated farm of Dell Servers in my office. Two of them run several live accounts, and the other three are used for optimisation and back-testing. Here they are snug in the corner of my study :-

I have had to install Aircon above, an absolute need when this lot are charging hard…..! Please remember that this has taken several Years to build up to, and is not needed from the moment you start.


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Initially, go live with a small account. I do recommend a minimum of $2k starting capital. Why? Because the granularity of lotsizes available means that the more starting capital, the better your chances of success. Run the prospective system with a fixed lotsize. Make this lotsize the smallest that the system can handle. 1 microlot if possible. Run this for at least 6 Months.

The new Live account trading machine ….!

Expect to see a drop in profits when trading live Why? Demo accounts do not show the real life slippage and spreads that a live account will. In fact even if you have a system that shows forward trading accuracy of 90% plus on a


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demo account, you can realistically expect to see a drop of at least 15% when trading a real live account. In practice, the best Trading system I have seen to date, had a forward trading accuracy of 76% on a live account, with most good ones sitting at the 40-60% mark. Remember that 90% plus systems I have looked at showed a low forward trading accuracy of 10-20%, which means most systems breakeven, or lose money when forward trading a live account.

What can be achieved I currently Trade 3 accounts. Each account has varying amounts in it, but currently I have $235k spread between these accounts. I never let an account go over $100k, and tend to like an account to sit at $60-75k. My Trading accounts each earn roughly $3-$8k per Month. I do have the occasional down month, where a loss is made. Over a Year I typically double my Trading Money, which I live on. A nice living it is too. It took me 5 Years to grow my basic starting balance of $6k to the current levels. I intend to grow one of the accounts cumulatively from this Year onwards, by only taking out what is owed in tax, not any of the profits. I can only do this via an account being traded through a trust abroad.


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Which systems do I use Currently ? First let’s talk about which systems I have rejected ….. Over the last 25 Years I have tried everything. Initially the systems were purchased for eSignal and TradeStation, then in more recent Years these systems have become MT4 expert advisors. A list of all my purchases is available at the back end of this document under the chapter heading “Systems purchased and rejected”. The internet has also changed the way in which I can assess systems to. Years ago, you had to buy the system to be able to analyze it in detail. Today, you can often analyze a system for velocity statistics and even FTA using published back-test and forward trading results on a systems website. Current Systems being assessed (Through forward real account Trading):- Forex SAR ADX (Has good moments, poor FTA of 36%) IvyBot (poor FTA of 27% over 85 Trades, large losses) Robovore MK2 modified Robovore MK1, added adaptive filtering Robovore MK3 added Average True range stop and part profit take. Own Systems actually being Traded :- Robovore (My Own system, developed over the last 3 Years. Based on ideas that

have been kicking around on and off for 15 Years. Currently showing 76% FTA as an average across 3 live trading accounts)

SwingTrader Purchased several years ago from a retiring Stocks Trader. Designed as

an eSignal plugin, This system trades the DOW30 stocks. Has been modified over the Years by me. Now also has a complete auto Trade placement module written in C++ that places trades on an Interactive brokers account automatically

What’s Next? One of the things I have learned over the last few Years is that MT4 Brokers all operate slightly differently. Most MT4 brokers do not like scalpers, with some actually stopping accounts that show scalping techniques and trade frequency. This means that systems, especially automated systems, need to look to increase the profitability per trade, up from 5 pips to perhaps 50 pips or more.


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The problem is that different brokers operate slightly different data for price action of the same currency pair (EUR/USD for instance) and that a truly automated system needs to understand what these variances are, and to be able to include them in any system optimisation. This means that the only way to make a system truly profitable, is to gather info on every trade a system places on multiple clients, using multiple brokers. I therefore see only two choices available for further development of my own systems (and in reality for anyone else’s) to make them more profitable. 1:- I open several 10s of accounts at different brokers, and gather the information over time. (I already partially do this, and currently have 7 live accounts, but this is time consuming) 2:- I give access to limited places using my own system. (I could grow the number of actual accounts being used by other people running Robovore over time, and potentially gain access to data from hundreds or even thousands of Trades very quickly) As of 2007, what I actually did was make Robovore available in limited numbers to interested beta testers about a Year ago. It worked. I have 18 beta testers trading Robovore currently (made up of friends and family). The data is working, and helping Robovore re-optimize system parameters very well. But it could be even better! One of my beta testers has suggested I offer a limited offering and let the general public purchase Robovore to become part of the beta programme, thus extending Robovore’s data gathering ability, and hopefully it’s abilities and accuracy over time. I have therefore written a website offering Robovore for sale. The website for Robovore is here :-

http://dtcoach2.robovore.hop.clickbank.net/ Please bear in mind that Robovore is not on truly general release, and probably never will be. Places are limited.


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Why do most Traders fail? The two main reasons for failure are :- 1:- Unrealistic expectations. I am amazed by how many ‘newbies’ expect to load a system onto a live account, and expect to make a living by the end of the Month, and a fortune within a Year….. NOT going to happen. Once they realise this, usually within the first week or two, they are gone ……! This lack of patience is why 80% of ‘newbies’ quit pretty quickly. 2:- 99% of systems available are not consistent. Don’t assume that the first system you buy will be the one ….. this is highly unlikely. It may make money for a while and then fail. You need to spend time assessing a system properly, as outlined in this document. Don’t expect to see profitable trades immediately. Trading takes patience. (95% plus of new Traders quit trading after a short time, or at least quit a system and move onto the next one ….. !) Why ? The primary reason is un-realistic expectations, combined with a complete lack of patience. Some of the the scenarios that cause genuine System rejection are :- 1:- You start to Trade the system as a new Trader, just as the system enters a trending period. The system makes money for the first 20 Trades (over the first week). You cannot believe it. You have found the holey grail …..! You look at the money being made, project ahead, and promptly increase the risk multiplier. The trend changes, and you lose all your winnings and maybe even more. You blame the system and quit. Beginners concentrate on how much money they are going to make. Professionals look at how much money they are going to lose. Don’t get greedy too early. Look to start small (in profits and lotsize, with the max amount of trading margin you can muster) 2:- You start to Trade a system as a new Trader just as the currency pair enters a trend change. The system loses money in the first few Trades (perhaps 6 or 7). You conclude that System is poor and quit. Patience. Do not expect an immediate return. Give it time. I typically take 6 months to a Year to assess any trading system. You should look to do the same.


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3:- You start to Trade a new system on a demo account. You let it run for a Month or so. It does quite well. You open a live account and deposit a small sum of Money as trading margin. Once the system starts to Trade live, you then actually start to look closely at Trading, which you have not done with the demo account previously.

Don’t change the Trades, let the system run …PLEASE !

You notice the initial safety stop sizes can be quite large, and that some trades can draw down and lose money. You start to change stops, and even exit some losing trades early. You become frustrated with the system, and even start to place Trades manually. Your trading account suffers. You blame the system and quit. Again Patience. Not much point having a system, if you are not going to stick to it.


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4:- You watch the new system for a while and conclude that the initial stops are too large. This is confirmed when the first losing trade occurs, and it is several times bigger than the winning trades. You conclude that the system has no trading logic, and is bound to lose. So you quit. Logic does not work when intraday trading. At least not within traditional parameters. If it did, everyone would be making money. They are NOT. Give any system Time, initially on a demo account. Think Months, not Days.

Limitations of Automated Trading systems There aren’t any …. ! As processing power grows, so does the sophistication of automated Trading systems. The truth of the matter is that manual Intraday Traders have always stated that automated systems only make money some of the time, and that’s how it will always be. And yet, almost weekly, these Days, I hear of another old time Day Trader who has give up, after a string of losing weeks. I am also privy to some rather interesting statistics gathered by investment banks and traditional brokerage companies. Did you know that more than 60% of today’s Trades in Forex are being placed by algorithmic system derived triggers?

What does the future hold? I am now looking at using fully blown Neural networks, working in conjunction with client based fuzzy logic, that has a grasp on more than 230 technical indicators and indices. In the next 4 - 6 Years or so, I am expecting my first self aware neural network. I am also expecting to be able to hold a conversation with it with regards to Trading ideas. I also have a hunch, that very quickly, this self ware neural net will be able to out Think, and out trade any manual trader within a very short time. I am expecting to be able to purchase an island soon afterwards …..


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Systems purchased and rejected Here is a current list of systems and indicators I have purchased :- For Trade Station / eSignal:- %Big Dog Trading System %C Big Dog %C Electric Day Breaker Trading System %C Early Late Breaker %C Playgap 1-2-3 System by John Schmidt 1-2-3-4 System by John Schmidt 25X25 by Charles LeBeau AATS Accurate Trading CCI ZLR Trading System AATS - Accurate Trading Dreamtick Trading System for GB Pound AATS CanOpen Trading System for Russel Index AATS LTC ES Scalper System AATS Phoenix Trading System for S&P 500 Index AATS Rhino Trading System for Russel Index Alfa-MAXX for Tradestation Abalone Trading System for TradeStation Aberration Plus System for Tradestation Advanced GET RT for TradeStation2000i v1.3 Build 396 AG-Xtreme Tier 1 for Tradestation ALFA-MAXX for Tradestation ART Charting Software for Tradestation 8.x ART Real-Time Indicators & Pyramid Trading Point System AS S&P Raptor & Bear Trading Systems ATS-3200 trading software ATS-6400 trading software ATW Indicators and Strategies for Tradestation Brix (Alfanet Basis III) Trading System for Tradestation Allbest contrarian for Tradestation Allbest investor for Tradestation Allbest manager for Tradestation Allbest swing for Tradestation Allegro Intraday ND, NQ and SP for Tradestation Allegro Swing ES, ND, NQ and SP for Tradestation ALLIGATOR.ELD AmCan Full Suite Package www.amcantrading.com AmCan Systens and Indicators for Tradestation 8 Andromeda I or II Trading System Anomaly 1 & 2 Rel. 1.01 Anticipation 1st Born for Tradestation Anticipation Anticipation II APEX SYSTEMS by Blue Wave Trading Arcs for Tradestation ART Real-Time Indicators & Pyramid Trading Point System ARCSPLUS ES for Tradestation


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ARCS-ND and NQ for Tradestation Arcs-NQ for Tradestation ASCtrend for Tradestation AscTrend (open-code) for Tradestation2000i AscTrend for Tradestation 8.x (2007 release) Atlas-35 System ATS 3200 Trading System for Tradestation ATS-6400 for Tradestation Axiom Index Swing System for Tradestation Axiom Long Term for Tradestation AxSym for Tradestation Aztec Global for Tradestation Aztec Trading System for Tradestation Balance Point for Tradestation Baramundi Trading System for Tradestation Big Dipper for Tradestation by Charles LeBeau BJ for Tradestation Blue HorseShoe for Tradestation by Stafford Trading Co. Blue Line Trading by Tatkin Trading Company for Tradestation BlueWaveTrading Indicators for TS BOND 007 for Tradestation Bounce 1 for Tradestation Bounce 2 for Tradestation Brain Trading System 7.0 Breaker for Tradestation by Tom Peetoom British Metrics for Tradestation BRIX (Basis-III) for Tradestation Builder & Shockwave Trading Systems for Tradestation BWT Area 51 for Tradestation BWT Matrix for Tradestation BWT ROC N Russell BWT Tidal Wave for Tradestation BWT Trend Indicators Package I & II by Blue Wave Trading BWT Zones / BlueWave Trading Zones 5.01 C-3 Trading System Cable24 Trading System Candle Forecaster Expert CandleStick Patterns Indicator Candlestick Setup Codes CAPRICORN T-BOND & T-NOTE TRADING for Tradestation Capricorn US for Tradestation Catcher by Andy Will Catscan 3 Plus Catscan II for Tradestation CatScan for Tradestation Catscan III for Tradestation Catscan III Constant Cesar Trading System Charles Le Beau - 25 x 25 Bond System Charles Le Beau - Big Dipper Bond Trading System Charles Le Beau – Crossbow Charles Le Beau - MACK Trading System Charles Le Beau - PRUDENT S&P Trading System Charles Le Beau - Roughneck CO Trading System Charles Le Beau - Strategic Swiss Franc


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Charles Le Beau – Sward Checkmate for Tradestation Cipher for Tradestation Clayburg's indicators for Tradestation Cobalt ND Trading system for Tradestation Commando Moneyline Indicators Commando Trader II for Tradestation Compass Trading System + Naviagator + Surveyer Crashproof for Tradestation Crossbow for Tradestation by Charles LeBeau Currency Conquest I for Tradestation Cycle Trading System by Walter Bressert Cyclone for Tradestation by John Clayburg Dale Legan System bundle include: Dale Legan - Catching Waves with a Multi-Cycle Momentum Model Dale Legan Indicators’ Set Dale Legan Confluence Function Dealer Choice Pro for TS Deep Throat by RLM Business for Tradestation Del Mar for S&P and Nasdaq E-minis for Tradestation Delta Graphics 3.12 Director's Edition for Intraday and Forex Delta Phenomenon System Delta Threshold for Tradestation by Day Trading Inst. Dennis Meyer’s System bundle include: Dennis Meyers' advanced short-term systems and indicators Dennis Meyers' basic short-term systems and indicators Dennis Meyers Short Term Indicators v 2 and Long Term v 4and 5 Dennis Meyers' Super Walk Forward Optimizer Dennis RSI for Tradestation by Robert Dennis, Jr Di Napoli Indicators DiNapoli Oscillator Predictor Diversified Swing Trader (DST) for Tradestation Dollar Trader for Currencies Dominant Short-Cycle Indicator Double Play by Trade System for Tradestation Drummond Geometry - Market Flow Indicator Drummond Geometry .ELA Indicators for Tradestation DTTB (Daytraders Talking Tool Box ) for TS Dynamic Gann Level System for TradeStation 2000i - 4.0 / Metastock / Excel Dynamic Time Dynamo for Tradestation by Chuck Hughes Early Bird III Trading system for TS 8.1 and TS2000i EarlyBird for Tradestation EarlyBird II for Tradestation Ed's Crossover Indicator by Rhythm of the Markets EMini Master Pro for eSignal Empire Euro Dollar Trading System by Keener Capital eMESA for Tradestation Entry Point 2007 for Tradestation EpicDynaTrend for Tradestation 3.3 ETS - Daily for Tradestation ETS - Interim for Tradestation ETS Day Trade for Tradestation ETS Range Breakout for Tradestation ETS Trading System by Michael Mermer for Tradestation


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EuroDynamics LT Euro Metrics Trading System EuroTrader Trading systems disclosed or non disclosed version for TS2000i or TS8 version. EVE T Bond by Emil Van Essen EZ2Trade Indicators for eSignal Feeder for Tradestation by Clayburg Fibonacci Cluster Locator Professional Fibonacci Trader Indicators dll Floor Traders Tools for Tradestation by Roy Kelly Focal Point Trading System 2002 Formula 171322182723 Strategy for FOREX FT S&P DayTrade for Tradestation Fusion by Strategic Trading Systems for Tradestation FX-23 Plus EUR for Tradestation FX24 Trading system FxDynamics Gann Pivot System by Bruce Babcock Gear for Tradestation Genesis B Japanese YEN Trading System Global Server Convertor Global Variable bundle include: Global Variable DLLs Global Variables Pro Golden Eagle III Trading System Golden SX Plus Trading System for TS Grail walk-forward Optimizer Grail Genetic Optimizer, Grail Walk Forward Optimizer, Genetic Portfolio Optimizer, Computer Assisted Strategy Builder for Tradestation Guenther K Currencies for Tradestation GUESSNOT ABC for Tradestation Hats 2002 and Trader's Delight for Tradestation Hawkeye Indicators for Tradestation Helix SP trading system for Tradestation Hit and Run I&II for Tradestation HOT ZONES For TradeStation 7+ Hurst Channel 5 for Tradestation I-Master eMD by Trade-System for Tradestation I-master eRL by Trade-System for Tradestation I-Master Trading System by Murray Ruggiero Impetus for Tradestation Indicia Technologies Systems FOREX Trading Systems Insight for ES, ND, NQ for Tradestation Insight Strategic Investment Trader Interplay by Strategic Trading Systems for Tradestation Investor’s Dream Jan Arps - Adam Price reflection bars indicator for TS Jan Arps Canopus for Tradestation Jan Arps Hurst Polynominal Regression Bands ToolKit for Tradestation Jan Arps Crown Jewels Package Jan Arps Indicator & System bundle include: Danton ShockWave Tool Kit Fox Waves Tool Kit Jackson Zones Tool Kit ProScan S&P Scalping System Sigma Bands Toolkit Trading With Steve Woods Cumulative Volume - Float Indicator


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Jan Arps System bundle include: Jan Arps Swing Box Jan Arps Swing Day Traders Tool Kit Jan Arps TT6 ALPHA CENTAURI for Tradestation Jeff Cooper 5-day momentum indicator J for the Eurodollar Joe Krutsinger Mechanical Trading System bundle include: English Channel Trading System GearShift Trading System Parrot Trading System Joe Krutsinger System bundle include: Joe Krutsinger - $36,000 worth of trading systems Joe Krut's 12 Ultimate Systems Joe Krutsinger Trading System bundle include (TS code revealed): Dealer Choice Pro Trading System by Joe Kruts Dream Trading System by Joe Kruts Index Point 2003 Trading System by Joe Kruts One Trade 2002 Trading System by Joe Kruts Position Point Trading System by Joe Kruts Queen Trading System by Joe Kruts Ranger Trading System by Joe Kruts Traders Delight Trading System by Joe Kruts Traders Dream Trading System by Joe Kruts Trio Trading System by Joe Kruts Joe Krutsinger - Call Buyer Joe Krutsinger - Index Point Joe Krutsinger - Last Dollar for Tradestation Joe Krutsinger - MEASURE Joe Krutsinger - TIMEMACH Joe Krutsinger - Time Charger Trading System Joe Krutsinger's "Joe Krut System" for Tradestation Joe Krutsinger's Focal Point 2004 for Tradestation Joe Krutsinger's Hats 2002 and Trader's Delight for Tradestation Joe Krutsinger's Prince 2002 for Tradestation Joe Krutsinger Quarterpounder FOREX Trading Systems Joe Ross Trading Methods (include: Andy 60T, Andy 40T, Zanibar, Easy Bond, Zulut, Ambusht) John Clayburg Indicator Package Jurik Tools DLL version (JMA,CFB,DDR,VEL,WAW,RSX) Jurik Tools for TradeStation 2000i / 8.1 Jurik TPO - Turning Point Oscillator for Tradestation Kase StatWare Trading Indicators 5.3 for Tradestation KC Collection for Tradestation (The Futures Group) Kolb Derivatives Options! Software KwikPOP LATEST for TradeStation Kwik Pop Indicators Package 4 (2006 release) Larry Williams Indicators for Tradestation bundle include: Larry William’s .ELA from Seminar Larry William’s Systems Larry Williams Inner Circle Indicators eBook How ro Trade Better- Eliminate Fear Larry Williams interview Bonus: Larry William's indicator and system collection Linda Raschke System bundle include: Linda Raschke - LBR Edge Linda Raschke Critical Day Little Big Horn system


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Long-Term Trading System bundle include: Anomaly 1 Rel. 1.01 Anomaly 2 Rel. 1.01 Ready-Set-Go Rel. 1.02 Wave Rider Rel. 1.02 LTS DayTrading System bundle for TradeStation 8.1 Include: LTS Breakout Trading System LTS Barracuda Trading System LTS Optimum Trading System Magic Dots Trading System Magnet for Tradestation Magnet Zero for Tradestation Magnitude for Tradestation Market Analytics System bundle include: Market Analytics - Exhaustion Bars Market Analytics - Fractal Toolkit Market Analytics - MA Predict Market Analytics - Momentum Toolkit Market Annihilator System Market Profile Indicator for Tradestation by Sirtrade MarketAxe Trading Indicators MarketMind Mechwarrior ES for Mini S&P futures contract for Tradestation Mechwarrior SP for large S&P futures contract for Tradestation MESA 2000 for Tradestation MESA Bonds for Tradestation MESA Max for Tradestation MESA Sierra Hotel Trading System MESA T-Notes or Mesa Notes for Tradestation Miles Dunbar's Great White - ES, ND, NQ, SP for Tradestation MILLENNIUM 2000 Trading System for TS MiniMax Trading System for Tradestation Mini SIMPLICITY -for mini S&P 500 and regular Dow Jones futures index MoonTide S&P Trading System MTPredictor Extensions version 8 for Tradestation MTPredictor for Tradestation 8.x Mystery Trading System Naviagator Trading System NATT 2000 collection for Tradestation Neural Scope Tick Trader (S&P Emini) for TS NexGen T-3 Professional (ABC Trend & MACD indicators + AutoFibs Strategy included) NEW release NexGen T-3 Fibs Professional Traderfor Tradestation NinjaTrader 6 Ocean Trading Indicators by Jim Sloman with Sloman with manuals, video tutorial, user guide, Ocean Theory ebook Octane Trading System for Tradestation (#1 S&P system by futurestruth) Omega ProSuite Indicator Pkg by Trade Concepts OmniCom v5.17 (for TS2000) ONIX for Tradestation Optimax (fast optimization for Tradestation 8.x) Level 3 Outsiderfor TS for Tradestation Owndata 2.4 Parabolic Stop for Tradestation by Welles Wilder Pegasus for Tradestation Pendulum for Tradestation


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Pieter Hoenderdos System Position Point for Tradestation Pound (British) Metrics Trading System PrecisionTrader - BuySell Point Indicator Prime-Line Tradestation Suite Prince 2002 for Tradestation Profit Quest for Tradestation by ProfitQuest Systems Profit Trader 7.1 for Tradestation (by Walter Bressert) Profitunity Indicators ProScan S&P Scalping System, Sigma Bands Toolkit, Trading With Steve Woods Cumulative Volume - Float Indicator Quantum Leap Zone Indicators Package Queen for Tradestation R&W MasterSuite FOREX Trading Systems Ranger for Tradestation Raptor II with plugins by Steven Primo R-Breaker by Rich Saidenberg RC Conservative II for Tradestation RC Miracles II RC Success II RC Miracles III Ready-Set-Go Rel. RevMark + ATM Trading Systems for TS revMark Trading System for TS Rina Dynamic Zones Analysis for Tradestation RINA Money Manager 7.0 Rina OptiLogix for Tradestation Rina Performance Suite 7 for TS2000i and TS8 (include: Rina Money Manager 7, Rina Portfolio Evaluator 7, Rina 3D) RINA Portfolio Evaluator 7 Rina Portfolio Selector Pro Toolbox 1.5 removed RINA Portfolio Stream 6.0 for Tradestation include Optilogix module RINA Portfolio Stream 2001 for TradeStation2000i R-Levels for Tradestation by Rich Saidenberg R-Mesa 8 for Tradestation 8.x. Other versions available for TS2000i Robert Miner’s Stochastic RSI Roy Kelly Advanced Package for Esignal (ALL) Roy Kelly’s Floor Trader System Roy Kelly's Floor Traders Toolkit V 8.2 (open code) Roy Kelly'sTrend Pro v8.2 Roy Kelly's Money Maker Floor Traders Tools 8.2 for TS by Roy Kelly Roy Kelly's Trend Pro for TS 8.2 for Tradestation RS Houston (For TS) Ruggerio Global Varariables Professional Edition Ruggiero Stock Traders Toolbox Rumba for Tradestation S&P Day for Tradestation S&Pmd for the S&P500 SAFER Trading System by Joe Krutsinger Safir-X 3.4 Safir-XP incl. SirTrade 2004 SAILOR by ALFARANDA Samurai 35 for Tradestation SAM S&P Daytrader for Tradestation


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Scalper Pivot Point for Tradestation SharpShooter Trading System Shockwave or Danton Shockwave Shogun by sptradingsystems.com for Tradestation Sierra Hotel for Tradestation Simplicity for Tradestation SirTrade 2004 for TS (incl. Safir-X) SmarteTrades indicator package Smart-eTrades e-Mini DayTrader Series (Eagle, Dragon, and Raven Trading Systems) Sniper Trading System for Tradestation for trading e-mini S&P futures (code revealed) SP \ U for Tradestation SP500 MD for Tradestation Spectrum Trading System Squeeze Play & Trendy Wendy Trading Systems Stafford STC Daytrader Trading System STAT for Tradestation Statmirror for Tradestation STC S&P DayTrade by Stafford for Tradestation STC V-Based S&P Daytrade System Sunny Harris Indicators Support/Resistance for Tradestation by Walter Studnicki Surveyor Trading System Swing Index System for Tradestation by Welles Wilder Synergy for Tradestation T-MESA by MESA SOFTWARE for Tradestation Tactical Trading indicators package Tango for Tradestation The Big Blue Trading System by Mike Barna TCI strategies and indicators for Tradestation The GRAIL GGO with CASB 1.594 The Grail Global Futures Trading System for TradeStation The KC Collection Channel Method The Turtle Trading System Thirteen Mechanical Trading for TS Tod Mitchel Indicator Package TomDemark System bundle include (TS code revealed): Tom Demark Indicators Package Tom Demark Scalper System (incl. Excel template) Tom DeMark's Sequential Trading System TradeMaster for Tradestation Trader's Dream for ES and SP by Joe Krustinger for Tradestation Trader's Profit Motive Traders Software for Tradestation Tradestation 2000i / Prosuite 2000i Tradestation 8.2 for E-Signal newest build with OwnData 2.5. It supports data from eSignal, Interactive Brokers (TWS), Quotespeed Tenfore, Patsystems (J-Trader), IQFeed, MarketCast, adeStation2000i GlobalServer, ASCII (plain text) Tradethemarkets bundle include: Scalper Buys and Sells Auto Multi Pivots Squeeze Indicator Bricks Indicator TTM Trend Indicator Trading Alchemy for Tradestation Complete Package Trading Alchemy Trender Package Trading Magic Trading System Trend Channel Pro for Tradestation


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Trend Reflection for Tradestation Trend Simplicity Trading System for Tradestation Trendchannel for Tradestation TrendChannel Pro System include manual Trend Legacy by Trend Simplicity for Tradestation Trend XP ES by Dream Trading for Tradestation Trilogy for Tradestation Trio System for Tradestation TurnSignal Indicators for eSignal Twist & Shout by RLM Business for Tradestation Two Smooth and Advanced MA (AMA) by Roy Kelly TZAR for NQ, ND, and ES for Tradestation Universal 2.0 for Tradestation Universal for Tradestation Universal LT & II Universal LT for Tradestation U.S. One for Treasury Bonds Using Fibnacci Ratios and Momentum VSA PRO by TradeToWin for Tradestation Walter Bressert System bundle include: Walter Bressert Indicators Walter Bressert's ProfitTrader 7.1 incl. Manual Walter Bressert's - The Cycle Trading Manual (incl. ELA File) Wave Rider Rel. 1.02 Waverider for Tradestation Weaver-DT for Tradestation Weaver-ST for Tradestation Wildcard for Tradestation William Tell Bond for Tradestation Winning Edge System by National Trading Group for Tradestation Wood Indicators for Tradestation XS Bonds for Tradestation XTrader SP System for Tradestation by Clayburg Xtreme for Tradestation Zeeport for Tradestation ZMS Ultimate Timer by SmithWorks for Tradestation Zone Trading System by Blue Wave Trading And for MT4 :- 2/20-Day EMA Breakout System by David Landry 25x25 Bond Trading System by Charles LeBeau and Terence Tan 2/20-Day EMA Breakout System by David Landry ADX & Linie Kierunkowe by Grzegorz Urazinski ANTI Trigger Trading System by Linda Bradford Raschke AT3 by Steve Burns Automatic Support and Resistance Trading System by Mel Widner Base Channel System Bianchi Approach Binary Wave System Test Bollinger Band Histogram Trading System by Steve Karnish Breakout Range2 by Mark Vakkur Bull Fear/Bear Fear with DX System Buy Trigger Trading System by Glenn Wallace


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CCI Moving Average Crossover System CCI Spike Trading System CCI Moving Average Crossover System Chandelier Exit Chandelier Exit - Improved Chandelier Exit 2 Chandelier Exit Variation II Combining Trend and Oscillator Signals System by Jeremy G. Konstenius Commodity Channel Index Buy & Sell Signal Coppock Curve - Signal Formulas Crude Oil Seasonal Trade #2 by John Momsen Cyclical System by Jeffrey Owen Katz Displaced Moving Average Trading System Dynamic Break-out System (DBS) by George Pruitt Entry Condition Exit a Long Position Exit on Close Experimental Williams Trading System FibFO Forecast Oscillator System Alternative Forecast Oscillator Trading System by Steve Karnish Gap System's (3 systems) Gap Up System With Delayed Exit Genesis of a Simple Futures Trading System by Jay Kaeppel Gil Raff MarketSpace Timing System (2 systems) Half a line is fine Trendline System Gil Raff MarketSpace Timing System (2 systems) Historical Volatility Daily IFT - Intelligent Futures Trading Exploration by Chick Goslin J2L Trading System by Jean-Louis Lepreux JKL by Jaroslaw Kilon Key Reversals System by Massimiliano Scorpio Linear Regression System by Jeff Ledermann MACD Crossover System Test by David Evans MACDhistogram Trading System by Marek Lewandowski Maximum Profit System I Maximum Profit System II MetaStock System Test 01 - R2, S/C, MFI (Vol. Required) MetaStock System Test 02 - Tema Binary Wave Composite, QStick MetaStock System Test 03 - Tema PDI - MDI, ADX (Vol Required) MetaStock System Test 04 - Tema PV Binary Wave, StochRSI_21 (2 systems) MetaStock System Test 05 - Tema StochRSI_13 & 55 MetaStock System Test 04 - Tema PV Binary Wave, StochRSI_21 (2 systems) Miesal Indicator System Test Momentum Time & S/C Moving Average of Relative Strength System No Name 1 by Svein Andersen O! Inercja i jej srednia by Kamil Jaros Onno's Binary Wave System Test Pathfinder Trading System by Nelson Freeburg PLdot H-L Price's by Przemyslaw Neyder PLdot MP Price's by Przemyslaw Neyder Point of Balance Trading System by Walter Downs (2 Systems) Przeciecie Srednich by Jaroslaw Kilon Psychological Index R2/Regress Slope/CCI/TSF R2/Regress Slope/CMO - All Signal Formulas R2/Regress Slope/MFI/TSF - (Vol Rqd)


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R2/Regress Slope/Qstick - (OHLC Rqd) Recursive Moving Trend Average by Dennis Meyers ROC Moving Average System Test RSI / Wstega Bollinger'a by Piotr Wasowski RSI Divergence Trading System SeqSETUP & SeqINTERSECTION Simple Fut WIG 20 System by Pawel Rejczak Stochastic Cross Trading System Stochastic MA System Stock Rhythm System by Jeffrey Owen Katz System Test Examples (3 formuly) Tema PDI - MDI Tema PV Binary Wave System Tether Line Trading System by Bryan Strain Three Day Engulfingbear Short Trade Three Moving Average System by Jim Greening Threshold Trading Revisited - RSI by Rudy Teseo Threshold Trading Revisited - Stochastic by Rudy Teseo Time Series Forecast System Test Trend Analysis Index System by Adam White TSF Optimised Trading System Ultimate Signal Generator I & II (2 formuly) Volatility Bands As A Long Term Strategy by Ahmet Tezel (2 Systems) Volatility Index System by J. Welles Wilder Jr. Volume Oscillator System w/Optimization MS Expert Advisors %Bands I %Bands II ADX with Stochastic Signals Bogie nn8 Bollinger Band's & 13 Day Moving Average by Piotr Wasowski Bull Fear and Bear Fear Expert by Walter Downs Combining Statistical & Pattern Analysis, Shark - 32 DeMark's Sequential(tm) Trading System Double Stochastics Expert Dunnigan Trend Dynamic Moving Vertical Lines FAP Turbo (amazing amount of hype with this product. I have never seen a

consistent return though) FAP Turbo Evolution (overly complex installation geared at making money from kickbacks

from single supported swiss broker)

Fibonacci Ratios and Momentum by Thom Hartle Fisher_m11 Forex Raptor Forex Autopilot Forex Autocash Forex Tunnel Forex Tracer Forex Funnel Forex RoboTrader (not a bad attempt, cam make good money when market is trending) Forex RangeTrader (great idea, patchy returns)


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Forex Roboteer (close but no cigar, this system actually auto optimizes, but only really works in a trending market. That said, it has produced very good returns, and is definitely on the right track. One to watch) Fractal Up and Fractal Down Expert by Manoj P. Abraham GANN Swing Expert (good for stocks) Hilbert Squelch Indicator Expert by John Ehlers I_trend Key Reversals Expert by Massimiliano Scorpio Market Facilitation Index Expert by Thom Hartle Mutated,Variables ... by Walter T. Downs, Ph.D. Market Facilitation Index Expert by Thom Hartle Scalp_net_v1.3 Smoothed Stochastic Expert Market Facilitation Index Expert by Thom Hartle Swing Trading Expert Taichi DeMarker

written by allan sykes - day trading · pdf filetrading forex automated systems website: ...

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