Tag Archives: goal

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

 

#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!

What is your goal in trading quiz?

What is your goal in trading quiz?

This is important for me to understand what your goals are in for trading from an algo/automated trading perspective. Let me know your answers for this quick 3 question survey:

http://quantlabs.net/mkt/quiz-what-is-your-goals-in-trading/

What is your goal in trading quiz?

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!

Oanda forex trading broker goal and next step is

Oanda forex trading broker goal and next step is

I am looking at various ‘forex friendly’ strategies over the next few days. Once something is found, I will hopefully be able to scale to meet my next goal. Start with Oanda as they seem to be the best and most trustworthy forex trading broker out there. Being local town heroes here in Toronto also helps. Why not support Quandl while we are at it? Of course, I can really only focus on forex for the time being. I am also choosing Oanda as they seem pretty liberal with their API support with next to nothing funding. As a result, I will set a hopeful achievable goal of $10K profit to switch over to the almighty Interactive Brokers for both options and futures trading. There are many positive strategies that can be worked on with proper access to option chain data. These include some sophisticated futures and options strategies but are quite rich in terms of contract sizes. This can only be done through a decent Interactive Brokers with a good API support.  Let’s see what happens.

From a Facebook follower, more reasons to like Oanda due to their hedging system:

http://www.afr.com/news/special-reports/forex/swiss-franc-uncouplings-negative-effect-on-forex-brokers-20150311-13z3cu

Here are the losses due to SNB:

http://www.zerohedge.com/news/2015-01-16/deutsche-interactive-brokers-barclays-lost-hundreds-millions-due-swiss-franc-volatil

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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!