#1 goal in forex trading is not to lose money but profit is 2nd

(Last Updated On: January 10, 2018)

 

#1 goal in forex trading is not to lose money but profit is 2nd

These two videos clearly explain the latest overnight trading session test (Jan 10) for this automated trading strategy with Dukascopy JForex. For 12 hrs it ran, it made over $15 during that time frame vs the usual multiple days of losing money.

I have changed a few checks in the trading logic as explained in the video. The number one goal was to eliminate potential bad trades (unprofitable) which may have been accomplished with the latest fix. It is that simple but I am surprised no one never thinks of it nor is there a popular indicator that does this. It seems to work but there is lots more testing to confirm this theory.

The other big fix was to allow JForex to run the Java virtual machine higher heap size. The link to the detailed fix is below. As it stands the current strategy consumes up to 1.5 GB of RAM when running but is within the allowed 3.6 GB heap. It even allows the strategy to run through the night instead of crashing as my previous experience.

One last thing in the deep analysis video is to find if the position life cycle gets more profit before it closes it on the exit. Some examples were here so that needs to be improved. These could probably eek out another 25% profit for each successful position. Another note is to improve the average true range indicator to minimize each losing position while cut the loser much faster to preserve higher daily profit.

ALl in all this is a great start to hopefully more successful trading test sessions as I improve this strategy.

Dukascopy JForex JVM heap size MAY prevent your system from crashing 

True range forex trading market random performance video

Video courses on Interactive Brokers and Dukascopy forex automated trading

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs